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Global Wellhead Equipment Market Size study & Forecast, by Component (Hangers, Flanges, Master valve, Choke, Others), by Application (Onshore, Offshore) and Regional Analysis, 2023-2030

October 2023 | 200 pages | ID: G45461466D30EN
Bizwit Research & Consulting LLP

US$ 4,950.00

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Global Wellhead Equipment Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Wellhead equipment refers to a set of components and devices used in the oil and gas industry to control the flow of fluids (oil and natural gas) from a wellbore. It is installed at the surface of an oil or gas well and serves as the primary interface between the subsurface reservoir and the surface production facilities. The wellhead equipment plays a crucial role in ensuring the safe and efficient extraction of hydrocarbons from the well. The Wellhead Equipment market is expanding because of factors such as rising oil exploration and drilling activities across the globe, growing global energy demand, and rising government investment.

The increasing demand for oil and gas has led to higher E&P activities globally. Wellhead equipment is essential in the drilling and extraction processes, which drives the demand for such equipment. According to the International Energy Agency, total oil demand across the globe was 91 million barrels per day in 2020, climbed to 99.4 million barrels per day in 2022, and is expected to reach 104.1 million barrels per day by 2026. Furthermore, The Abu Dhabi National Oil Company (ADNOC) planned investments in November 2021 that could total up to about USD 6 billion (AED 22 billion) in order to support increased drilling as it increases its ability to produce crude oil to 5 million barrels per day (mmbpd) by 2030. Similarly, in January 2023, the Uganda government announced its plans to develop oil rigs and production with an investment of USD 2 billion and the start of drilling the first production well, a key milestone as the country races to meet its target of first oil output in 2025 after a long delay. Thus, rising oil exploration and drilling activities are driving the market growth. In addition, technological developments in wellhead systems and the rise in the redevelopment of mature oil wells are some factors creating new opportunities for market growth. However, the high cost of wellhead equipment stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Wellhead Equipment Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the rising oil demand, rising government investment in the development of various oil drilling and exploration projects, and rising production innovation activities in wellhead equipment. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising oil demand, rising development of new oil production projects, and rising investment in the industry.

Major market player included in this report are:

Baker Hughes Company

Weatherford International PLC

TechnipFMC PLC

Schlumberger Limited

NOV Inc.

Weir Group PLC

Oil States International Inc.

Forum Energy Technologies Inc.

Great Lakes Wellhead Inc.

Cactus Wellhead LLC

Recent Developments in the Market:
  • In February 2021, PETRONAS Carigali Sdn Bhd granted a sizable contract to TechnipFMC subsidiary FMC Wellhead Equipment Sdn Bhd for the Limbayong deepwater development project offshore Malaysia. The development of 10 deepwater wells under this contract will be tied back to Malaysia's Limbayong Floating Production Storage and Offloading (FPSO) unit.
  • In May 2022, Baker Hughes unveiled a new subsea wellhead technology called the MS-2 Annulus Seal to drastically lower operational rig costs. The MS-2 Annulus Seal interfaces with Baker Hughes' current MS-800 wellhead system to minimise well construction and intervention costs, increase intervention possibilities, and assure security and confidence in the well's integrity under difficult conditions.
Global Wellhead Equipment Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered – Component, Application, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:

Hangers

Flanges

Master valve

Choke

Others

By Application:

Onshore

Offshore

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Wellhead Equipment Market, by Region, 2020-2030 (USD Billion)
  1.2.2. Wellhead Equipment Market, by Component, 2020-2030 (USD Billion)
  1.2.3. Wellhead Equipment Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL WELLHEAD EQUIPMENT MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL WELLHEAD EQUIPMENT MARKET DYNAMICS

3.1. Wellhead Equipment Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Rising oil exploration and drilling activities across globe
    3.1.1.2. Growing global energy demand.
    3.1.1.3. Rising government investment
  3.1.2. Market Challenges
    3.1.2.1. High cost of wellhead equipment
  3.1.3. Market Opportunities
    3.1.3.1. Technological developments in wellhead system
    3.1.3.2. Rise in redevelopment of mature oil wells

CHAPTER 4. GLOBAL WELLHEAD EQUIPMENT MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL WELLHEAD EQUIPMENT MARKET, BY COMPONENT

5.1. Market Snapshot
5.2. Global Wellhead Equipment Market by Component, Performance - Potential Analysis
5.3. Global Wellhead Equipment Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
5.4. Wellhead Equipment Market, Sub Segment Analysis
  5.4.1. Hangers
  5.4.2. Flanges
  5.4.3. Master valve
  5.4.4. Choke
  5.4.5. Others

CHAPTER 6. GLOBAL WELLHEAD EQUIPMENT MARKET, BY APPLICATION

6.1. Market Snapshot
6.2. Global Wellhead Equipment Market by Application, Performance - Potential Analysis
6.3. Global Wellhead Equipment Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Wellhead Equipment Market, Sub Segment Analysis
  6.4.1. Onshore
  6.4.2. Offshore

CHAPTER 7. GLOBAL WELLHEAD EQUIPMENT MARKET, REGIONAL ANALYSIS

7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Wellhead Equipment Market, Regional Market Snapshot
7.4. North America Wellhead Equipment Market
  7.4.1. U.S. Wellhead Equipment Market
    7.4.1.1. Component breakdown estimates & forecasts, 2020-2030
    7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
  7.4.2. Canada Wellhead Equipment Market
7.5. Europe Wellhead Equipment Market Snapshot
  7.5.1. U.K. Wellhead Equipment Market
  7.5.2. Germany Wellhead Equipment Market
  7.5.3. France Wellhead Equipment Market
  7.5.4. Spain Wellhead Equipment Market
  7.5.5. Italy Wellhead Equipment Market
  7.5.6. Rest of Europe Wellhead Equipment Market
7.6. Asia-Pacific Wellhead Equipment Market Snapshot
  7.6.1. China Wellhead Equipment Market
  7.6.2. India Wellhead Equipment Market
  7.6.3. Japan Wellhead Equipment Market
  7.6.4. Australia Wellhead Equipment Market
  7.6.5. South Korea Wellhead Equipment Market
  7.6.6. Rest of Asia Pacific Wellhead Equipment Market
7.7. Latin America Wellhead Equipment Market Snapshot
  7.7.1. Brazil Wellhead Equipment Market
  7.7.2. Mexico Wellhead Equipment Market
7.8. Middle East & Africa Wellhead Equipment Market
  7.8.1. Saudi Arabia Wellhead Equipment Market
  7.8.2. South Africa Wellhead Equipment Market
  7.8.3. Rest of Middle East & Africa Wellhead Equipment Market

CHAPTER 8. COMPETITIVE INTELLIGENCE

8.1. Key Company SWOT Analysis
  8.1.1. Company
  8.1.2. Company
  8.1.3. Company
8.2. Top Market Strategies
8.3. Company Profiles
  8.3.1. Baker Hughes Company
    8.3.1.1. Key Information
    8.3.1.2. Overview
    8.3.1.3. Financial (Subject to Data Availability)
    8.3.1.4. Product Summary
    8.3.1.5. Recent Developments
  8.3.2. Weatherford International PLC
  8.3.3. TechnipFMC PLC
  8.3.4. Schlumberger Limited
  8.3.5. NOV Inc.
  8.3.6. Weir Group PLC
  8.3.7. Oil States International Inc.
  8.3.8. Forum Energy Technologies Inc.
  8.3.9. Great Lakes Wellhead Inc.
  8.3.10. Cactus Wellhead LLC

CHAPTER 9. RESEARCH PROCESS

9.1. Research Process
  9.1.1. Data Mining
  9.1.2. Analysis
  9.1.3. Market Estimation
  9.1.4. Validation
  9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Wellhead Equipment Market, report scope
TABLE 2. Global Wellhead Equipment Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Wellhead Equipment Market estimates & forecasts by Component 2020-2030 (USD Billion)
TABLE 4. Global Wellhead Equipment Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 5. Global Wellhead Equipment Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6. Global Wellhead Equipment Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Wellhead Equipment Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Wellhead Equipment Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Wellhead Equipment Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Wellhead Equipment Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Wellhead Equipment Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Wellhead Equipment Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Wellhead Equipment Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Wellhead Equipment Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. U.S. Wellhead Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Wellhead Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17. U.S. Wellhead Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. Canada Wellhead Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. Canada Wellhead Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Wellhead Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. UK Wellhead Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. UK Wellhead Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Wellhead Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Germany Wellhead Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. Germany Wellhead Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Wellhead Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. France Wellhead Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. France Wellhead Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Wellhead Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Italy Wellhead Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. Italy Wellhead Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Wellhead Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Spain Wellhead Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Spain Wellhead Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Wellhead Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. RoE Wellhead Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. RoE Wellhead Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Wellhead Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. China Wellhead Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. China Wellhead Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Wellhead Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. India Wellhead Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. India Wellhead Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Wellhead Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. Japan Wellhead Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. Japan Wellhead Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Wellhead Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. South Korea Wellhead Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. South Korea Wellhead Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Wellhead Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Australia Wellhead Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. Australia Wellhead Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Wellhead Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. RoAPAC Wellhead Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. RoAPAC Wellhead Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Wellhead Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Brazil Wellhead Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. Brazil Wellhead Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Wellhead Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Mexico Wellhead Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Mexico Wellhead Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Wellhead Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. RoLA Wellhead Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. RoLA Wellhead Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Wellhead Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Saudi Arabia Wellhead Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. South Africa Wellhead Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. RoMEA Wellhead Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Wellhead Equipment Market
TABLE 70. List of primary sources, used in the study of global Wellhead Equipment Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Wellhead Equipment Market, research methodology
FIG 2. Global Wellhead Equipment Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Wellhead Equipment Market, key trends 2022
FIG 5. Global Wellhead Equipment Market, growth prospects 2023-2030
FIG 6. Global Wellhead Equipment Market, porters 5 force model
FIG 7. Global Wellhead Equipment Market, pest analysis
FIG 8. Global Wellhead Equipment Market, value chain analysis
FIG 9. Global Wellhead Equipment Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Wellhead Equipment Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Wellhead Equipment Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Wellhead Equipment Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Wellhead Equipment Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Wellhead Equipment Market, regional snapshot 2020 & 2030
FIG 15. North America Wellhead Equipment Market 2020 & 2030 (USD Billion)
FIG 16. Europe Wellhead Equipment Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Wellhead Equipment Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Wellhead Equipment Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Wellhead Equipment Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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