Drilling Blowout Preventer Market size is estimated to be USD 5.12 Billion in 2024 and is expected to reach USD 8.73 Billion by 2033 at a CAGR of 6.5% from 2026 to 2033.
In 2022, the global drilling blowout preventer market was valued at approximately USD 9,327.3 million, with projections indicating growth to around USD 10,040 million by 2029, reflecting a compound annual growth rate (CAGR) of 1.1% during the forecast period. The North American region held a significant market share, driven by increased crude oil and gas exploration activities in the United States and Canada. Europe also contributed notably to the market, with countries near the North Sea engaging in substantial offshore drilling operations. The Middle East and Africa region accounted for a considerable portion of the market, attributed to rising onshore and offshore drilling activities and a robust oil and gas industry. Asia Pacific followed closely, with Malaysia and China emerging as major producers of hydrocarbons from offshore fields. The increasing global demand for energy and the exploration of unconventional oil and gas reserves have further propelled the need for advanced blowout preventers across these regions.
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GE
Cameron
National Oilwell Varco
Uztel
Rongsheng Machinery
Halliburton
OJSC NaftaGaz
MSP/DRILEX
Jiangsu Xinde
Fountain Petro
Control Flow
GCOP
Jiangsu Jinshi
Well Control
Shenkai
Yantai Jereh Oilfield Services Group Co.
Ltd.
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Drilling Blowout Preventer Market
Hybrid Blowout Preventers
Annular Blowout Preventers
Ram Blowout Preventers
Stacked Blowout Preventers
Hydraulic Blowout Preventers
Mechanical Blowout Preventers
Electro-mechanical Blowout Preventers
Onshore Applications
Offshore Applications
Shallow Water Applications
Deep Water Applications
Oil & Gas
Mining
Geothermal Energy
Marine
Routine Maintenance
Corrective Maintenance
Predictive Maintenance
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Drilling Blowout Preventer Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Drilling Blowout Preventer Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Drilling Blowout Preventer Market, By Type
6. Global Drilling Blowout Preventer Market, By Application
7. Global Drilling Blowout Preventer Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Drilling Blowout Preventer Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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