The primary function of a blowout preventer (BOP) is to confine well fluid to the wellbore, provide means to add fluid to the wellbore, and allow controlled volumes of fluid to be withdraw from the wellbore. The annular BOP is designed to close the well and control pressure and flow of oil or gas during drilling. It provides seals in the annular space between the pipe and wellbore.
The report ‘Annular-BOP market Forecast 2014-2019’ is segmented and forecast based on geographies, including North America, South America, Asia-Pacific, Europe, Middle East, and Africa. This market is also segmented by applications and usages. The application segment of this market consist of onshore and offshore applications, whereas the usage segment comprises upstream oil & gas.
The increasing oil & gas exploration and production activities across the globe to meet the requirements for energy consumption have been driving subsea blowout preventers market to grow. The North American region leads in the oil & gas production activities, followed by Asia-Pacific. The increasing safety concerns of oil & gas exploration companies play an important role in the growth of this market. The demand for blowout preventers is increasing in offshore as well as offshore drilling activities.
The report provides an extensive competitive landscaping of key companies operating in RAM-BOP market, which includes FMC technology (U.S.), Schlumberger (U.S.), Aker Solutions (Norway), Halliburton (U.S.), and others. The report also provides an extensive competitive landscaping of companies operating in this market, country wise market share, new product and service launches, M&A, and product portfolio of key players.
Along with the market data, you can also customize the MMM assessments that meets your company‘s specific needs. Customize to get comprehensive industry standard and deep-dive analysis of the following parameters:
1. Product Benchmarking Outlook
• New technology launches in subsea BOP systems
• Upcoming research and development activities in subsea BOP marke
2. Customer Segment Outlook
• Key players (country wise)
• Region wise company profiling
• Important current activities which are driving the market
• Upcoming oil & gas projects ( region wise)
• Challenges to the subsea BOP market
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