Global Blowout Preventer Market 2020-2024

Global Blowout Preventer Market 2020-2024

  • August 2020 •
  • 120 pages •
  • Report ID: 5082029 •
  • Format: PDF
Global Blowout Preventer Market 2020-2024
The analyst has been monitoring the blowout preventer market and it is poised to grow by $ 492.19 mn during 2020-2024, progressing at a CAGR of 2% during the forecast period. Our reports on blowout preventer market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rising number of deep and ultra-deepwater drilling projects and environmental norms and increased safety concerns. In addition, rising number of deep and ultra-deepwater drilling projects is anticipated to boost the growth of the market as well.
The blowout preventer market analysis includes type segment and geographic landscapes

The blowout preventer market is segmented as below:
By Type
• Annular blowout preventer
• Ram blowout preventer

By Geographic Landscapes
• North America
• Europe
• MEA
• APAC
• South America

This study identifies the rise in unconventional oil and gas resources as one of the prime reasons driving the blowout preventer market growth during the next few years.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our blowout preventer market covers the following areas:
• Blowout preventer market sizing
• Blowout preventer market forecast
• Blowout preventer market industry analysis