Introduction
Pressure control equipment is a set of

tools and device that are generally used to maintain the optimal pressure levels

inside a wellbore during well intervention or workover operations. The pressure

control equipment can withstand arduous conditions which ensure safety and quality,

and minimize risks during drilling. It is used in number of applications where the

pressure needs to be measured, monitored, and controlled. Rapid implementation of

advanced technology in oilfield equipment on the account of growing global investment

in exploration and production (E&P) is considered to be key factors influencing the

development of pressure control equipment market.
Pressure Control Equipment Market – Notable Developments
Some of the leading players operating in the pressure control equipment market

are Schlumberger, GKD Industries, Integrated Equipment, Brace Tool, Hunting, TIS

Manufacturing, Baker Hughes, a GE company (BHGE), National Oilwell Varco, Weatherford

International, The IKM Group, FHE USA, Control Flow, Lee Specialties, The Weir Group,

IoT Group, and others.
In February 2019, Schlumberger and Rockwell Automation, one of the largest

companies dedicated to industrial automation and information, entered into an

agreement to form a joint venture called Sensia, the first fully-integrated provider

of digital oilfield automation solutions. Additionally, it created a JV – OneStim

with Weatherford International, PLC in March 2017 to offer unconventional resource

plays’ products and services to their customers in the U.S. and Canada.
In September 2018, Baker Hughes, a GE company (BHGE), a key player of pressure

control equipment market, was awarded an integrated services contract by Saudi Aramco

for its Marjan Oilfield. Under the contract’s terms the company provided drilling

services, drilling fluids engineering services, and coiled tubing services in Marjan.

BHGE also received a similar contract from Equinor in June 2018 to support the

petroleum company’s large proportion of drilling and well construction activities in

the North Sea’s Norwegian sector.
Pressure Control Equipment Market Dynamics
Increasing demand for hydrocarbons, which serve as a key source of global energy

supply, has brought a significant transformation in oil and industry in various

regions across the globe. Such transformation has led to advances in well drilling

technologies and adoption of a variety of equipment including pressure control

equipment which measures, monitor, and control the fluid pressure.
Surging demand for oil and gas equipment along with the rising need for higher

safety norms by well drilling contractors is expected to accelerate the growth of

slikline pressure control equipment market. In addition, increasing

requirements of special instruments and materials in high pressure and high

temperature wells will possibly push the demand for pressure control equipment.
North America to Contribute Substantial Growth to

Pressure Control Equipment

Market
Leading players foresee North America as a lucrative region for pressure control

equipment market, due to increase in deepwater drilling activities in the region.

Continued focus on unconventional sources and shale plays on the coattails of various

technological innovations and developments is anticipated to drive the pressure

control equipment market in the developed countries of North America such as the U.S.

and Canada. Further, surge in unconventional hydrocarbon production in the region has

been envisaged to complement the future expansion of pressure control equipment

market.
While increasing capital spending by leading companies in North America will

continue to propel the market growth, factors such as lack of expertise, failure in

drilling rig activities, and limited exposure to technologies may influence passive

growth of pressure control equipment market.
The study presents reliable qualitative and quantitative insights into:
Pressure control equipment market segments and sub-segments
Pressure control equipment market trends and dynamics
Supply and demand chain of the pressure control equipment market
Pressure control equipment market valuation (revenue and/or volume)
Key trends/opportunities/challenges in pressure control equipment market
Forces defining present and estimated future state of the competitive landscape
Technological developments in the market of pressure control equipment, including

pressure control stack for coiled tubing
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S., Canada)
Latin America (Mexico, Brazil)
Western Europe (Germany, Italy, France, U.K., Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The vast market research data included in the study is the result of extensive

primary and secondary research activities. Surveys, personal interviews, and inputs

from industry experts form the crux of primary research activities and data collected

from trade journals, industry databases, and reputable paid sources form the basis of

secondary research.
The pressure control equipment market report also includes a detailed qualitative

and quantitative analysis of the market, with the help of information collected from

market participants operating across key sectors of the market value chain. A

separate analysis of macro- and micro-economic aspects, regulations, and trends

influencing the overall development of the market is also included in the report.
Highlights of the report:
A detailed analysis of key segments of the pressure control equipment market
Recent developments in the pressure control equipment market’s competitive

landscape
Detailed analysis of pressure control equipment market segments up to second or

third level of segmentation
Historical, current, and projected future valuation of the pressure control

equipment market in terms of revenue and/or volume
Key business strategies adopted by influential pressure control equipment market

vendors
Outline of the regulatory framework surrounding and governing numerous aspects of

the pressure control equipment market
Growth opportunities in emerging and established pressure control equipment

markets
Recommendations to pressure control equipment market players to stay ahead of the

competition.
Pressure Control Equipment Market Segmentation
On the basis of type, the pressure control equipment market can be segmented

into:
Low Pressure (Below 10,000 PSI)
High Pressure (Above 10,000 PSI)
On the basis of application, the pressure control equipment market can be

segmented into:
Onshore
Offshore
On the basis of component, the pressure control equipment market can be segmented

into:
Valves
Wellhead Flange
Adapter Flange
Control Head
Christmas Tree (Flow Tree)
Quick Unions
Others