Wellhead Equipment – Global Market Outlook to 2026 – ResearchAndMarkets.com

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.

Components Covered:

• Choke
• Flanges
• Master valve
• Hangers
• Other Components

Applications Covered:

• Offshore
• Onshore

Companies Mentioned

• 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
• Sensus
• Shanghai Wellhead Equipment Manufacture
• Wellhead System

For more information about this report visit https://www.researchandmarkets.com/research/qvgr4g/wellhead?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20180613006232/en/

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