Global Blowout Preventer Market 2017 Growth,Size,Status and Forecast 2021
Blowout results in a loss of life. This along with the oil spillage has a long-term impact on the environment. Animals in the vicinity of the explosions might be exposed to hydrocarbons that are released, especially in offshore wells. Blowout preventers are a type of valves used on top of a well to control the outflow of the formation fluid in case the drilling crew loses the control. It is basically a safety equipment that seals the well under abnormal pressure conditions, thus preventing a blowout.
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global blowout preventer market to grow at a CAGR of 3.62% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global blowout preventer market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
Global Blowout Preventer 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
- Axon
- Cameron
- National Oilwell Varco
- UZTEL
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Other prominent vendors
- B.O.P Products
- BOP Technologies
- Control Flow
- Fountain Petro
- GE Oil & Gas
- MSP/DRILEX
- Parveen Industries
- Rongsheng Machinery
- Shenkai
Market driver
- Rising deep and ultra-deepwater drilling projects
- For a full, detailed list, view our report
Market challenge
- Increasing investments in renewable sources of energy
- For a full, detailed list, view our report
Market trend
- Next generation of blowout preventers
- For a full, detailed list, view our report
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on Thursday August 16 2018, 8:16 AM EST.
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