Oil and gas is one of the largest industries in the world in terms of the revenue generation. The industry has a substantial share of the government as it includes the majority of the national oil companies that generate billions of dollars contributing significantly toward the economic development of a country.
Several industries are dependent either directly or indirectly on the oil and gas sector as they require the final petroleum product or are involved in manufacturing the tools and equipment that are used in the oil and gas industry. This industry is responsible for providing thousands of jobs, and its success or failure has a huge impact on the majority of the industries.
Technavio’s analysts forecast the global wellhead equipment market to grow at a CAGR of 3.06% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global wellhead equipment market for 2017-2021. To calculate the market size, the report considers the new installations and exclude spares and aftermarket.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio’s report, Global Wellhead Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors • Aker Solutions • GENERAL ELECTRIC • National Oilwell Varco • Schlumberger • TechnipFMC • Weir Group
Other prominent vendors • Schlumberger • Dril-Quip • Forum Energy Technologies • Nabors Industries • Oil States International • Shanghai Elim Petroleum Machinery • Stream-Flo • Wellhead Systems
Market driver • Increasing number of deep and ultra-deepwater drilling projects • For a full, detailed list, view our report
Market challenge • Fluctuations in oil and gas prices • For a full, detailed list, view our report
Market trend • Varying reservoir characteristics • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space?
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