DUBLIN--(BUSINESS WIRE)--The "Wellhead Equipment - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.
The Global Wellhead Equipment market is expected to grow at a CAGR of 5.2% by 2026
Some of the key drivers favoring the market growth include increasing demand for exploration and production activities by oil and gas companies, instability in operational rigs growing deepwater and ultra-deepwater exploration and various reservoir characteristics. On the contrary, decreasing oil prices, environmental risk, scarcity of skilled labor are some factors which are inhibiting the market growth.
Based on application, offshore fields segment commanded the largest market share attributed to recent advancements in several offshore reserves across the globe. Also, these wells are mostly large reservoirs with high volume and pressure which instigate major oil key players to focus more on offshore field explorations rather than on reservoirs onshore.
In terms of geography, North America commanded the largest market share during the forecast period owing to rising government support across many countries, especially in US is anticipated to grow the market over the forecast period.
- Master valve
- Other Components
- Cameron International Corporation
- Oil States International, Inc.
- GE Energy
- Baker Hughes Inc
- Nabors Industries Limited
- Forum Energy Technologies
- Aker Solutions
- National Oil well Varco Inc.
- Weir Group Plc.
- Stream Flo
- FMC Technologies
- Drill Quip
- Shanghai Wellhead Equipment Manufacture
- Wellhead System
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