GITNUX MARKETDATA REPORT 2024
Blowout Preventer Industry Statistics
The Blowout Preventer industry is projected to show steady growth with an increasing focus on safety and reliability measures within the oil and gas sector.
In this post, we provide an overview of key statistics in the blowout preventer industry, shedding light on market size, growth projections, regional dominance, key players, and market segments. From the market size in 2019 to the projected growth rates up to 2026, these statistics offer valuable insights into the global landscape of blowout preventers.
Statistic 1
"The global blowout preventer (BOP) market size was valued at USD 2.16 billion in 2019."
Statistic 2
"The global BOP market is expected to reach USD 2.88 billion by 2025."
Statistic 3
"From 2020 to 2025, the projected compound annual growth rate (CAGR) of the BOP market is 5.0%."
Statistic 4
"In 2019, the Ram BOP sector had 47.8% of the market share in terms of revenue."
Statistic 5
"North America represented the biggest market for BOP in 2019, it constituted 55.7% of the global market."
Statistic 6
"The blowout preventer market in the Asia Pacific is predicted to rise at a CAGR of 5.8% between 2020 and 2025."
Statistic 7
"The global BOP industry market is dominated by a few key players like National Oilwell Varco, Cameron International Corporation, and Control Flow Inc."
Statistic 8
"Middle East & Africa has a 13.2% share of global Blowout Preventer market."
Statistic 9
"Europe maintains a market share of 28.9% in the global Blowout Preventer market."
Statistic 10
"In 2018, the annular BOP segment was valued at USD 809.3 million."
Statistic 11
"The global onshore blowout preventer market was estimated at U.S. dollar 1,864 million in 2017."
Statistic 12
"By 2026, the offshore blowout preventer market is hoped to touch U.S. dollar 2,583.8 million."
Statistic 13
"The highest growth rate from 2019 to 2026 in the global blowout preventer market is expected from Asia-Pacific."
Statistic 14
"Over the next years leading up to 2025, the global Blowout Preventer (BOP) industry would see a growth rate of 3.4%, reaching a size of US$ 2820 million."
Statistic 15
"By the end of 2026, according to forecasts, the Blowout Preventer market in Latin America would reach US$ million 358.8."
Jannik Lindner
Can You Trust Our Report?
The statistics are checked by us and then entered into the database. Our market data reports have been linked to by some of the largest publishers and companies on the Internet.
