LONDON--(BUSINESS WIRE)--Technavio has been monitoring the ram blowout preventer market and it is poised to grow by USD 89.24 million during 2019-2023, progressing at a CAGR of about 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AXON Pressure Products Inc., Baker Hughes, a GE Co. LLC, Control Flow Inc., National Oilwell Varco Inc., Schlumberger Ltd., The Weir Group Plc, Uztel SA, Weatherford International Plc, Worldwide Oilfield Machine Inc., and Yantai Jereh Oilfield Services Group Co. Ltd. are some of the major market participants. Although the increased E&P activities will offer immense growth opportunities, volatility in oil and gas prices will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Increased E&P activities have been instrumental in driving the growth of the market. However, volatility in oil and gas prices might hamper market growth.
Ram Blowout Preventer Market 2019-2023: Segmentation
Ram Blowout Preventer Market is segmented as below:
- Geographic Landscape
- North America
- South America
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Ram Blowout Preventer Market 2019-2023: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our ram blowout preventer market report covers the following areas:
- Ram Blowout Preventer Market size
- Ram Blowout Preventer Market trends
- Ram Blowout Preventer Market industry analysis
This study identifies the declining cost of raw materials as one of the prime reasons driving the ram blowout preventer market growth during the next few years.
Ram Blowout Preventer Market 2019-2023: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the Ram Blowout Preventer Market, including some of the vendors such as AXON Pressure Products Inc., Baker Hughes, a GE Co. LLC, Control Flow Inc., National Oilwell Varco Inc., Schlumberger Ltd., The Weir Group Plc, Uztel SA, Weatherford International Plc, Worldwide Oilfield Machine Inc., and Yantai Jereh Oilfield Services Group Co. Ltd. Backed with competitive intelligence and benchmarking, our research reports on the Ram Blowout Preventer Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Ram Blowout Preventer Market 2019-2023: Key Highlights
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will assist ram blowout preventer market growth during the next five years
- Estimation of the ram blowout preventer market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the ram blowout preventer market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of ram blowout preventer market vendors
Table Of Contents :
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
- Market segmentation by application
- Comparison by application
- Onshore - Market size and forecast 2018-2023
- Offshore - Market size and forecast 2018-2023
- Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- APAC - Market size and forecast 2018-2023
- Europe - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Declining cost of raw materials
- Advancements in blowout preventers
- Rise in deepwater and ultra-deepwater E&P activities
PART 12: VENDOR LANDSCAPE
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- AXON Pressure Products, Inc.
- Baker Hughes, a GE Co. LLC
- Control Flow, Inc.
- National Oilwell Varco Inc.
- Schlumberger Ltd.
- The Weir Group Plc
- Uztel SA
- Weatherford International Plc
- Worldwide Oilfield Machine Inc.
- Yantai Jereh Oilfield Services Group Co. Ltd.
PART 14: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 15: EXPLORE TECHNAVIO
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