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Pressure Control Equipment Market

Pressure Control Equipment Market Size, Share, Trends and Growth, Industry Analysis Report by Components (Valves, Control Head, Flanges, Christmas Trees, Other), by Type (Low Pressure and High Pressure), by Application (Off-Shore and On-Shore), Market Research and Forecasts, 2019–2025
    Update Available - Forecast 2024-2030   

Published: Jul 2023 | Report Code: | Category : Advanced Technologies | Delivery Format: /

Pressure control equipment market is growing moderately at a CAGR of 4.8% attributed to its significant application in the oil and gas industry. Pressure control equipment is used to maintain the optimal pressure level inside a wellbore during intervention operation. A wellbore can be defined as a hole drilled for the exploration of natural resources mainly in the oil and gas industry. The equipment should have the quality that they can withstand the demanding condition and the required quality standards. Crude oil is the raw material of all petroleum products. Rise in oil and gas exploration and production along with technological advancement will create a significant demand to pressure control equipment market. 

The pressure control equipment market is expected to grow significantly during the forecast period. However, rising concern of environment pollution is pressuring governments to reduce the usage of fossil fuels which can act as e a restraint to the growth of the market during the forecast period. Petrol and diesel for vehicles is the major application of crude oil and the high adoption rate of electric vehicles will reduce the overall demand for petroleum products in the near future. Sanctions forced by the US on Iran, related to oil exports are also going to affect the market. 

Segmental Overview

The pressure control equipment market is segmented on the basis of component, type, and application. On the basis of component, the market is segmented into valves, control head, flanges, Christmas tree, and other components. There are various types of valves available in the market include manual, hydraulic or dual. Major types of flanges include wellhead and adapter. Other components include fluid chamber, hand unions, stuffing box, and tool catcher. Flanges are expected to have a significant market share during the forecast period. It is due to the rising demand for wellhead flanges in mining and oil and gas industries. By type, the market is segmented into high pressure and low-pressure control equipment. Along with technological advancement, high-pressure control equipment will have a higher growth rate. By application, the market has been segmented into onshore and offshore. 

Global Pressure Control Equipment Market by Type, 2018 (%)

Pressure Control Equipment Market

Regional Overview

On the basis of geography, the pressure control equipment market is segmented on the basis of the region that includes North America, Asia-Pacific, Europe and Rest of the World (RoW). North America is expected to have a significant market share in the market due to the high production of oil in recent years. The US was the largest producer country of oil in 2018. As per BP Statistical Review of World Energy 2019, the US had produced 15.3 million barrels of crude oil per day with a year-on-year growth rate of 15%. The US has a global share of 16.2% of total oil production. Along with the US, Canada and Mexico had a global share of 5.5% and 2.2% in 2018. Overall oil production in North America production rise by 12% year-on-year basis. The US is followed by Saudi Arabia and the Russian Federation with a global share of 13% and 12.1% respectively in 2018. This was expected to fuel the demand for pressure control equipment within the region.

Impact of oil production on the pressure control equipment market

Europe has a small share in oil production apart from the Russian Federation. Asia-Pacific is expected to show a significant growth rate. China had a share of 4% in global oil production in 2018. Due to strict regulation regarding safety and pollution, it is expected that China will have a significant market growth in pressure control equipment market. Additionally, the Middle East region is expected to be a major contributor to the market. Along with Saudi Arabia; Iran, Iraq, Kuwait, and UAE are the major producer of the oil. They are expected to have a significant market share during the forecast period.

Global Pressure Control Equipment Market Growth by Region, 2019-2025


Major players in the market include Baker Hughes, Brace Tool Inc., Hunting PLC, Lee Specialties Inc., National Oilwell Varco, Inc., Schlumberger Limited, The Weir Group PLC, TIS Manufacturing Ltd. Weatherford International PLC and so on. These companies are significantly contributing to the market growth. The companies are adopting various strategies such as product launch, merger & acquisitions, and various others to stay competitive in the pressure control equipment market. As an instance, in February 2019, Rockwell Automation and Schlumberger entered into an agreement and created Sensia, a fully integrated digital oilfield automation solutions provider. It is expected the company will start its services by the summer of 2019.

The Report Covers

• Market value data analysis of 2018 and forecast to 2025.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global pressure control equipment market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
1.2.3. By Stakeholders
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Competitive Dashboard
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Baker Hughes (A GE Company)
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. Schlumberger, Ltd.
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. Hunting PLC
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.4. National Oilwell Varco, Inc.
3.3.4.1. Overview
3.3.4.2. Financial Analysis
3.3.4.3. SWOT Analysis
3.3.4.4. Recent Developments
3.3.5. Weatherford International, PLC
3.3.5.1. Overview
3.3.5.2. Financial Analysis
3.3.5.3. SWOT Analysis
3.3.5.4. Recent Developments
4. Market Determinants
4.1 Motivators
4.2 Restraints
4.3 Opportunities
5. Market Segmentation
5.1. Global Pressure Control Equipment Market by Component
5.1.1. Valves (Manual, Hydraulic, Dual wireline valve)
5.1.2. Control head
5.1.3. Flanges (Wellhead Flanges, Adapter Flanges)
5.1.4. Christmas Trees
5.1.5. Other (Fluid Chamber, Hand Unions, Stuffing Box, Tool Catcher)
5.2. Global Pressure Control Equipment Market by Type
5.2.1. Low Pressure
5.2.2. High Pressure
5.3. Global Pressure Control Equipment Market by Application
5.3.1. Onshore
5.3.2. Offshore
6. Regional Analysis
6.1. North America
6.1.1. US
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Allide Valves, Inc.
7.2. Baker Hughes (A GE Company)
7.3. Brace Tool, Inc.
7.4. Emerson Electric, Co.
7.5. FHE USA, LLC
7.6. GKD Industries, Ltd.
7.7. Hunting PLC
7.8. IKM Pressure Control AS
7.9. Johnson Controls, Inc.
7.10. Kirloskar Brothers, Ltd.
7.11. KITZ Corp.
7.12. KSB SE & Co. KGaA
7.13. L&T Valves, Ltd.
7.14. Lee Specialties, Inc.
7.15. Locke Supply, Co.
7.16. National Oilwell Varco, Inc.
7.17. Schlumberger, Ltd.
7.18. The Weir Group PLC
7.19. TIS Manufacturing, Ltd.
7.20. VIP Valves Private, Ltd.
7.21. Weatherford International, PLC

1. GLOBAL PRESSURE CONTROL EQUIPMENT MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2018-2025 ($ MILLION)

2. GLOBAL VALVES MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

3. GLOBAL CONTROL HEAD MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

4. GLOBAL FLANGES MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

5. GLOBAL CHRISTMAS TREES MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

6. GLOBAL OTHER COMPONENT MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

7. GLOBAL PRESSURE CONTROL EQUIPMENT MARKET RESEARCH AND ANALYSIS BY TYPE, 2018-2025 ($ MILLION)

8. GLOBAL LOW-PRESSURE MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

9. GLOBAL HIGH-PRESSURE MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

10. GLOBAL PRESSURE CONTROL EQUIPMENT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)

11. GLOBAL ONSHORE MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

12. GLOBAL OFFSHORE MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

13. NORTH AMERICAN PRESSURE CONTROL EQUIPMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)

14. NORTH AMERICAN PRESSURE CONTROL EQUIPMENT MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2018-2025 ($ MILLION)

15. NORTH AMERICAN PRESSURE CONTROL EQUIPMENT MARKET RESEARCH AND ANALYSIS BY TYPE, 2018-2025 ($ MILLION)

16. NORTH AMERICAN PRESSURE CONTROL EQUIPMENT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)

17. EUROPE PRESSURE CONTROL EQUIPMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)

18. EUROPE PRESSURE CONTROL EQUIPMENT MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2018-2025 ($ MILLION)

19. EUROPE PRESSURE CONTROL EQUIPMENT MARKET RESEARCH AND ANALYSIS BY TYPE, 2018-2025 ($ MILLION)

20. EUROPE PRESSURE CONTROL EQUIPMENT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)

21. ASIA PACIFIC PRESSURE CONTROL EQUIPMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)

22. ASIA PACIFIC PRESSURE CONTROL EQUIPMENT MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2018-2025 ($ MILLION)

23. ASIA PACIFIC PRESSURE CONTROL EQUIPMENT MARKET RESEARCH AND ANALYSIS BY TYPE, 2018-2025 ($ MILLION)

24. ASIA PACIFIC PRESSURE CONTROL EQUIPMENT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)

25. REST OF THE WORLD PRESSURE CONTROL EQUIPMENT MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2018-2025 ($ MILLION)

26. REST OF THE WORLD PRESSURE CONTROL EQUIPMENT MARKET RESEARCH AND ANALYSIS BY TYPE, 2018-2025 ($ MILLION)

27. REST OF THE WORLD PRESSURE CONTROL EQUIPMENT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)

1. GLOBAL PRESSURE CONTROL EQUIPMENT MARKET SHARE BY COMPONENT, 2018 VS 2025 (%)

2. GLOBAL PRESSURE CONTROL EQUIPMENT MARKET SHARE BY TYPE, 2018 VS 2025 (%)

3. GLOBAL PRESSURE CONTROL EQUIPMENT MARKET SHARE BY APPLICATION, 2018 VS 2025 (%)

4. GLOBAL PRESSURE CONTROL EQUIPMENT MARKET SHARE BY GEOGRAPHY, 2018 VS 2025 (%)

5. US PRESSURE CONTROL EQUIPMENT MARKET SIZE, 2018-2025 ($ MILLION)

6. CANADA PRESSURE CONTROL EQUIPMENT MARKET SIZE, 2018-2025 ($ MILLION)

7. UK PRESSURE CONTROL EQUIPMENT MARKET SIZE, 2018-2025 ($ MILLION)

8. FRANCE PRESSURE CONTROL EQUIPMENT MARKET SIZE, 2018-2025 ($ MILLION)

9. GERMANY PRESSURE CONTROL EQUIPMENT MARKET SIZE, 2018-2025 ($ MILLION)

10. ITALY PRESSURE CONTROL EQUIPMENT MARKET SIZE, 2018-2025 ($ MILLION)

11. SPAIN PRESSURE CONTROL EQUIPMENT MARKET SIZE, 2018-2025 ($ MILLION)

12. ROE PRESSURE CONTROL EQUIPMENT MARKET SIZE, 2018-2025 ($ MILLION)

13. INDIA PRESSURE CONTROL EQUIPMENT MARKET SIZE, 2018-2025 ($ MILLION)

14. CHINA PRESSURE CONTROL EQUIPMENT MARKET SIZE, 2018-2025 ($ MILLION)

15. JAPAN PRESSURE CONTROL EQUIPMENT MARKET SIZE, 2018-2025 ($ MILLION)

16. REST OF ASIA-PACIFIC PRESSURE CONTROL EQUIPMENT MARKET SIZE, 2018-2025 ($ MILLION)

17. REST OF THE WORLD PRESSURE CONTROL EQUIPMENT MARKET SIZE, 2018-2025 ($ MILLION)

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