Dublin, March 16, 2023 (GLOBE NEWSWIRE) -- The "Global Pressure Control Equipment Market (2023-2028) by Component, Type, Applications, and Geography, Competitive Analysis, Impact of Covid-19, Impact of Economic Slowdown & Impending Recession with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Pressure Control Equipment Market is estimated to be USD 7.55 Bn in 2023 and is expected to reach USD 9.74 Bn by 2028, growing at a CAGR of 5.23%.
Market Dynamics
Drivers
- Technological Advancement in Oilfield Equipment
- Increase in Investments in Exploration & Production (E&P)
- Rise in Unconventional Hydrocarbon Production in North America
Restraints
- Customized Demands by Drillers
- Decline in Drilling Activities and Rig Counts
Opportunities
- Refracturing Activities in the Us
Challenges
- Lesser Success Rate of Exploration
Market Segmentations
The Global Pressure Control Equipment Market is segmented based on Component, Type, Applications, and Geography.
- By Component, the market is classified into Valves, Control Head, Wellhead Flange, Christmas Tree (Flow Tee), Adapter Flange, and Quick Unions, Others.
- By Type, the market is classified into High Pressure (Above 10, 000 PSI) and Low Pressure (Below 10, 000 PSI).
- By Applications, the market is classified into Onshore and Offshore.
- By Geography, the market is classified into Americas, Europe, Middle-East & Africa, and Asia-Pacific.
Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Ansoff Analysis
The report presents a detailed Ansoff matrix analysis for the Global Pressure Control Equipment Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development, and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
The analyst analyses the Global Pressure Control Equipment Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Pressure Control Equipment Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the market are also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.
Report Highlights:
- A complete analysis of the market, including parent industry
- Important market dynamics and trends
- Market segmentation
- Historical, current, and projected size of the market based on value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 183 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $7.55 Billion |
| Forecasted Market Value (USD) by 2028 | $9.74 Billion |
| Compound Annual Growth Rate | 5.2% |
| Regions Covered | Global |
Key Topics Covered:
1 Report Description
2 Research Methodology
3 Executive Summary
4 Market Dynamics
4.1 Drivers
4.1.1 Technological Advancement in Oilfield Equipment
4.1.2 Increase in Investments in Exploration & Production (E&P)
4.1.3 Rise in Unconventional Hydrocarbon Production in North America
4.2 Restraints
4.2.1 Customized Demands by Drillers
4.2.2 Decline in Drilling Activities and Rig Counts
4.3 Opportunities
4.3.1 Refracturing Activities in the Us
4.4 Challenges
4.4.1 Lesser Success Rate of Exploration
5 Market Analysis
6 Global Pressure Control Equipment Market, By Component
7 Global Pressure Control Equipment Market, By Type
8 Global Pressure Control Equipment Market, By Applications
9 Americas' Pressure Control Equipment Market
10 Europe's Pressure Control Equipment Market
11 Middle East and Africa's Pressure Control Equipment Market
12 APAC's Pressure Control Equipment Market
13 Competitive Landscape
14 Company Profiles
15 Appendix
Companies Mentioned
- AVK Group
- Baker Hughes Co.
- Bohmer GmbH
- Brace Tool Inc.
- Bray International, Inc.
- Control Flow Inc.
- EG Valves Manufacturing Co., Ltd.
- Emerson Electric Co.
- FHE USA LLC
- GKD Industries Ltd.
- Hunting PLC
- Integrated Equipment Inc.
- IoT Group
- KLINGER Fluid Control GmbH
- Lee Specialties Inc.
- Leser GmbH & Co.
- NOV Inc.
- Schlumberger Ltd.
- Sirca International S.p.A.
- The Weir Group PLC
- TIS Manufacturing Ltd.
- Valvitalia S.p.A
- Weatherford International PLC
For more information about this report visit https://www.researchandmarkets.com/r/6frvl1
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