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The Global Blowout Preventer Market is expected to grow by $ 972.70 mn during 2021-2025, progressing at a CAGR of almost 4% during the forecast period
Global Blowout Preventer Market 2021-2025 The analyst has been monitoring the blowout preventer market and it is poised to grow by $ 972. 70 mn during 2021-2025, progressing at a CAGR of almost 4% during the forecast period.
New York, Sept. 21, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Blowout Preventer Market 2021-2025" - https://www.reportlinker.com/p05082029/?utm_source=GNW
Our report on the blowout preventer market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rising number of deep and ultra deepwater drilling projects and rise in unconventional oil and gas resources. In addition, the rising number of deep and ultra deepwater drilling projects is anticipated to boost the growth of the market as well.
The blowout preventer market analysis includes the type and location segments and geographic landscape.
The blowout preventer market is segmented as below:
By Type
• Annular blowout preventer
• Ram blowout preventer
By Location
• Onshore
• Offshore
By Geographical Landscape
• North America
• Europe
• MEA
• APAC
• South America
This study identifies the environmental norms and increased safety concerns as one of the prime reasons driving the blowout preventer market growth during the next few years.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on blowout preventer market covers the following areas:
• Blowout preventer market sizing
• Blowout preventer market forecast
• Blowout preventer market industry analysis
This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading blowout preventer market vendors that include AXON Pressure Products Inc., Control Flow Inc., General Electric Co., National Oilwell Varco Inc., Schlumberger Ltd., The Weir Group Plc, UZTEL SA, Weatherford International Plc, Worldwide Oilfield Machine, and Yantai Jereh Oilfield Services Group Co. Ltd. Also, the blowout preventer market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Read the full report: https://www.reportlinker.com/p05082029/?utm_source=GNW
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