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Wellhead Equipment Market by Type (Casing Heads, Casing Spools, Christmas Trees, Tubing Adapters, and Others) and Application (On-Shore and Off-Shore): Global Opportunity Analysis and Industry Forecast, 2019–2026

A05973
Pages: 200
Feb 2020 | 553 Views
 
Author(s) : Amar Chinchane , Onkar Sumant
Tables: 79
Charts: 43
 

Wellhead Equipment Market Outlook - 2026

The global wellhead equipment market size was valued at $5,320.0 million in 2018, and is projected to reach $7,991.8 million by 2026, growing at a CAGR of 5.0% from 2019 to 2026. The wellhead equipment is the component at the surface of an oil or gas well, which offers the pressure-containing and structural interface for the drilling equipment. It provides pressure seals and suspension point for the casing strings. It forms an integral structure of the well. The wellheads are welded onto the string of casing, during drilling operations. The wellhead equipment can be re-used and refurbished for other well and drilling operations.

The primary components of a wellhead system include tubing head adapter, tubing hangers, tubing heads, mudline suspension systems, test plugs, seals, choke manifold, casing hangers, casing spools, and casing head. The wellhead serves numerous functions such as casing suspension, tubing suspension, pressure monitoring and pumping access, means of attaching a well pump, and reliable means of accessing a well.

In addition, these components are utilized to control oil flow rates by reducing the respective pressure to protect equipment and guide the refining process of oil. The new heavy investments in oil & gas exploration activities and refineries and pipelines in the Middle East & Africa, Americas, and Asia are the major factors that fuel the growth of wellhead equipment market. For instance, in November 2019, KCA Deutag, an oil & gas services company got contracts of approximately $460 m for drilling and exploration operations in Europe and the Middle East & Africa.

Wellhead Equipment Market

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Rise in redevelopment of mature oil wells drives the wellhead equipment market. For instance, in May 2019, KBR, Inc., the U.S.-based engineering and construction company signed an agreement with Cepsa, a Spanish oil & gas firm and Sonatrach, an Algerian government-owned company, for redevelopment of oil fields located in the Hassi Messaoud, Algeria. The redevelopment includes establishment of central processing facilities with associated structures. However, fluctuations in foreign currencies and increase in prices of raw materials are expected to hamper the wellhead equipment market growth.

Furthermore, technological developments in wellhead system is expected to fuel its demand and offer growth opportunities for the market during the forecast period. For instance, in March 2019, ABB, a Swiss-Swedish multinational corporation launched ABB Ability Wellhead Manager, a versatile new cloud-based visualization system for oil & gas operators. Similarly, in August 2017, Australia-based KINETIC and WEFIC collaborated to launch high-end wellheads in Australia. The new feature of wellheads includes nested hanger configurations. The new wellheads has ability to drill without dismantling blowout preventer (BOP).

The global wellhead equipment market is segmented on the basis of type, application, and region. By type, the market is divided into casing heads, casing spools, Christmas trees, tubing adapters, and others. Others segment includes casing hangers, tubing hangers, tree caps, and gate valves.

Wellhead Equipment Market
By Component

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Tubing Adapters segment is projected to grow at a significant CAGR

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By type, casing spools segment garner largest share in terms of revenue and tubing adapters segment is expected to grow during the forecast period. Rise in oil well exploration projects is expected to provide lucrative opportunities for tubing adapters for market expansion.

Wellhead Equipment Market
By Application

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On-shore segment holds dominant position in 2018

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By application, the wellhead equipment market is bifurcated into on-shore and off-shore. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2018, by application, the on-shore segment accounted for the largest share in the global market in terms of revenue. Furthermore, increase in number of oil refinery projects drives the market growth. North America accounted for the largest share in the global market in terms of revenue in 2018. Developed economies such as the U.S. and others are expected to support market expansion due to increase in demand for oil & gas.

Wellhead Equipment Market
By Region

2026
North America 
Europe
Asia-pacific
Lamea

North America holds a dominant position in 2018 and is expected to grow at a highest rate during the forecast period.

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Competition Analysis

The key market players profiled in the wellhead equipment market report include Delta Corporation, EthosEnergy Group Limited, Integrated Equipment, Jereh Oilfield Equipment, Jiangsu Sanyi Petroleum Equipment Co., Ltd, JMP Petroleum Technologies, Inc., Msp/drilex, Inc., Uztel S.A, Sunnda Corporation, and Weir Group.

The major players operating in the global market have adopted key strategies such as acquisitions and business expansion to strengthen their market outreach and sustain the stiff competition in the wellhead equipment market. For instance, in April 2019, Weir Group opened a new 92,000 square-foot customer service center at David Mims Business Park in New Mexico, U.S. to fulfil the rise in customer demand. Moreover, in February 2019, Integrated Equipment, Inc., a manufacturer of oilfield equipment received $9 million from Veritas Financial Partners for future growth and improve its supply chain by establishing a global support network. In July 2018, Weir Group, a Scottish engineering firm acquired ESCO Corporation. The ESCO Corporation is merged with Weir Group to operate as a new division. It deals with oil & gas drilling tools, and accessories & parts.

Key Benefits for Stakeholders:

  • The report provides an extensive analysis of the current and emerging wellhead equipment market trends and dynamics.  
  • In-depth wellhead equipment market analysis is conducted by constructing estimations for the key segments between 2018 and 2026. 
  • Extensive analysis of the wellhead equipment market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
  • A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
  • The global wellhead equipment market forecast analysis from 2018 to 2026 is included in the report.
  • The key market players operating in the global wellhead equipment market are profiled in this report, and their strategies are analyzed thoroughly, which help understand the competitive outlook of the wellhead equipment industry. 

Global Wellhead Equipment Market Segments:

By Type

  • Casing Heads
  • Casing Spools
  • Christmas Trees
  • Tubing Adapters
  • Others

By Application

  • On-shore
  • Off-shore

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Thailand
    • Australia 
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East 
    • Africa

Key Players

  • Delta Corporation
  • EthosEnergy Group Limited
  • Integrated Equipment
  • Jereh Oilfield Equipment
  • Jiangsu Sanyi Petroleum Equipment Co., Ltd
  • JMP Petroleum Technologies, Inc.
  • MSP/Drilex, Inc.
  • Sunnda Corporation
  • Uztel S.A 
  • Weir Group
 

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key Findings

3.2.1. Top Investment Pockets

3.3. Porter's five forces analysis
3.4. Key player positioning, 2018
3.5. Market dynamics

3.5.1. Drivers

3.5.1.1. Growth in exploration and drilling activities for oil around the globe
3.5.1.2. Oil price recovery
3.5.1.3. Rise in redevelopment of mature oil wells

3.5.2. Restraints

3.5.2.1. Increase in prices of raw materials
3.5.2.2. Fluctuations in foreign currencies influence the profit margins

3.5.3. Opportunity

3.5.3.1. Technological developments in wellhead system

CHAPTER 4: WELLHEAD EQUIPMENT MARKET, BY TYPE

4.1. Overview

4.1.1. Market size and forecast, by type

4.2. Casing Heads

4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country

4.3. Casing Spools

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country

4.4. Christmas Trees

4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis, by country

4.5. Tubing Adapters

4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market analysis, by country

4.6. Others

4.6.1. Key market trends, growth factors, and opportunities
4.6.2. Market size and forecast, by region
4.6.3. Market analysis, by country

CHAPTER 5: WELLHEAD EQUIPMENT MARKET, BY APPLICATION

5.1. Overview

5.1.1. Market size and forecast, by application

5.2. Onshore

5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis, by country

5.3. Offshore

5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis, by country

CHAPTER 6: WELLHEAD EQUIPMENT MARKET , BY REGION

6.1. Overview

6.1.1. Market size and forecast, by region

6.2. North America

6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by type
6.2.3. Market size and forecast, by application
6.2.4. Market analysis, by country

6.2.4.1. U.S.

6.2.4.1.1. Market size and forecast, by type
6.2.4.1.2. Market size and forecast, by application

6.2.4.2. Canada

6.2.4.2.1. Market size and forecast, by type
6.2.4.2.2. Market size and forecast, by application

6.2.4.3. Mexico

6.2.4.3.1. Market size and forecast, by type
6.2.4.3.2. Market size and forecast, by application

6.3. Europe

6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by type
6.3.3. Market size and forecast, by application
6.3.4. Market analysis, by country

6.3.4.1. Germany

6.3.4.1.1. Market size and forecast, by type
6.3.4.1.2. Market size and forecast, by application

6.3.4.2. Italy

6.3.4.2.1. Market size and forecast, by type
6.3.4.2.2. Market size and forecast, by application

6.3.4.3. UK

6.3.4.3.1. Market size and forecast, by type
6.3.4.3.2. Market size and forecast, by application

6.3.4.4. Russia

6.3.4.4.1. Market size and forecast, by type
6.3.4.4.2. Market size and forecast, by application

6.3.4.5. Rest of Europe

6.3.4.5.1. Market size and forecast, by type
6.3.4.5.2. Market size and forecast, by application

6.4. Asia-Pacific

6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast, by type
6.4.3. Market size and forecast, by application
6.4.4. Market analysis, by country

6.4.4.1. China

6.4.4.1.1. Market size and forecast, by type
6.4.4.1.2. Market size and forecast, by application

6.4.4.2. India

6.4.4.2.1. Market size and forecast, by type
6.4.4.2.2. Market size and forecast, by application

6.4.4.3. Thailand

6.4.4.3.1. Market size and forecast, by type
6.4.4.3.2. Market size and forecast, by application

6.4.4.4. Australia

6.4.4.4.1. Market size and forecast, by type
6.4.4.4.2. Market size and forecast, by application

6.4.4.5. Rest of Asia-Pacific

6.4.4.5.1. Market size and forecast, by type
6.4.4.5.2. Market size and forecast, by application

6.5. LAMEA

6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast, by type
6.5.3. Market size and forecast, by application
6.5.4. Market analysis, by country

6.5.4.1. Latin America

6.5.4.1.1. Market size and forecast, by type
6.5.4.1.2. Market size and forecast, by application

6.5.4.2. Middle East

6.5.4.2.1. Market size and forecast, by type
6.5.4.2.2. Market size and forecast, by application

6.5.4.3. Africa

6.5.4.3.1. Market size and forecast, by type
6.5.4.3.2. Market size and forecast, by application

CHAPTER 7: COMPANY PROFILES

7.1. Delta US Corporation LLC

7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Product portfolio

7.2. EthosEnergy Group Limited

7.2.1. Company overview
7.2.2. Key Executives
7.2.3. Company snapshot
7.2.4. Product portfolio

7.3. Integrated Equipment, Inc.

7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Product portfolio
7.3.4. Key strategic moves and developments

7.4. Jiangsu Sanyi Petroleum Equipment Co., Ltd.

7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Product portfolio

7.5. JMP Petroleum Technologies, Inc.

7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Product portfolio

7.6. MSP/DRILEX, (Shanghai) Co., Ltd.

7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Product portfolio

7.7. Sunnda Corporation

7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Product portfolio

7.8. UZTEL S.A.

7.8.1. Company overview
7.8.2. Key Executives
7.8.3. Company snapshot
7.8.4. Product portfolio
7.8.5. Business performance

7.9. The Weir Group PLC

7.9.1. Company overview
7.9.2. Key Executives
7.9.3. Company snapshot
7.9.4. Operating business segments
7.9.5. Product portfolio
7.9.6. R&D Expenditure
7.9.7. Business performance
7.9.8. Key strategic moves and developments

7.10. Yantai Jereh Oilfield Services Group Co., Ltd.

7.10.1. Company overview
7.10.2. Key Executives
7.10.3. Company snapshot
7.10.4. Product portfolio
7.10.5. R&D Expenditure
7.10.6. Business performance

LIST OF TABLES

TABLE 01. GLOBAL WELLHEAD EQUIPMENT MARKET REVENUE, BY TYPE, 2018-2026 ($MILLION)
TABLE 02. WELLHEAD EQUIPMENT MARKET REVENUE FOR CASING HEADS , BY REGION 2018–2026($MILLION)
TABLE 03. WELLHEAD EQUIPMENT MARKET REVENUE FOR CASING SPOOLS, BY REGION 2018–2026($MILLION)
TABLE 04. WELLHEAD EQUIPMENT MARKET REVENUE FOR CHRISTMAS TREES, BY REGION 2018–2026($MILLION)
TABLE 05. WELLHEAD EQUIPMENT MARKET REVENUE FOR TUBING ADAPTERS, BY REGION 2018–2026($MILLION)
TABLE 06. WELLHEAD EQUIPMENT MARKET REVENUE FOR OTHERS, BY REGION 2018–2026($MILLION)
TABLE 07. GLOBAL WELLHEAD EQUIPMENT MARKET REVENUE, BY APPLICATION, 2018-2026 ($MILLION)
TABLE 08. WELLHEAD EQUIPMENT MARKET REVENUE FOR ONSHORE, BY REGION 2018–2026($MILLION)
TABLE 09. WELLHEAD EQUIPMENT MARKET REVENUE FOR OFFSHORE, BY REGION 2018–2026($MILLION)
TABLE 10. GLOBAL WELLHEAD EQUIPMENT MARKET REVENUE, BY REGION 2018–2026($MILLION)
TABLE 11. NORTH AMERICA WELLHEAD EQUIPMENT MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 12. NORTH AMERICA WELLHEAD EQUIPMENT MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 13. NORTH AMERICA WELLHEAD EQUIPMENT MARKET REVENUE, BY COUNTRY, 2018–2026 ($MILLION)
TABLE 14. U.S. WELLHEAD EQUIPMENT MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 15. U.S. WELLHEAD EQUIPMENT MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 16. CANADA WELLHEAD EQUIPMENT MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 17. CANADA WELLHEAD EQUIPMENT MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 18. MEXICO WELLHEAD EQUIPMENT MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 19. MEXICO WELLHEAD EQUIPMENT MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 20. EUROPE WELLHEAD EQUIPMENT MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 21. EUROPE WELLHEAD EQUIPMENT MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 22. EUROPE WELLHEAD EQUIPMENT MARKET REVENUE, BY COUNTRY, 2018–2026 ($MILLION)
TABLE 23. GERMANY WELLHEAD EQUIPMENT MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 24. GERMANY WELLHEAD EQUIPMENT MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 25. ITALY WELLHEAD EQUIPMENT MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 26. ITALY WELLHEAD EQUIPMENT MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 27. UK WELLHEAD EQUIPMENT MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 28. UK WELLHEAD EQUIPMENT MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 29. RUSSIA  WELLHEAD EQUIPMENT MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 30. RUSSIA WELLHEAD EQUIPMENT MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 31. REST OF EUROPE WELLHEAD EQUIPMENT MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 32. REST OF EUROPE WELLHEAD EQUIPMENT MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 33. ASIA-PACIFIC WELLHEAD EQUIPMENT MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 34. ASIA-PACIFIC WELLHEAD EQUIPMENT MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 35. ASIA-PACIFIC WELLHEAD EQUIPMENT MARKET REVENUE, BY COUNTRY, 2018–2026 ($MILLION)
TABLE 36. CHINA WELLHEAD EQUIPMENT MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 37. CHINA WELLHEAD EQUIPMENT MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 38. INDIA WELLHEAD EQUIPMENT MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 39. INDIA WELLHEAD EQUIPMENT MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 40. THAILAND WELLHEAD EQUIPMENT MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 41. THAILAND WELLHEAD EQUIPMENT MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 42. AUSTRALIA WELLHEAD EQUIPMENT MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 43. AUSTRALIA WELLHEAD EQUIPMENT MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 44. REST OF ASIA-PACIFIC WELLHEAD EQUIPMENT MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 45. REST OF ASIA-PACIFIC WELLHEAD EQUIPMENT MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 46. LAMEA WELLHEAD EQUIPMENT MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 47. LAMEA WELLHEAD EQUIPMENT MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 48. LAMEA WELLHEAD EQUIPMENT MARKET REVENUE, BY COUNTRY, 2018–2026 ($MILLION)
TABLE 49. LATIN AMERICA WELLHEAD EQUIPMENT MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 50. LATIN AMERICA WELLHEAD EQUIPMENT MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 51. MIDDLE EAST WELLHEAD EQUIPMENT MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 52. MIDDLE EAST WELLHEAD EQUIPMENT MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 53. AFRICA WELLHEAD EQUIPMENT MARKET REVENUE, BY TYPE 2018–2026($MILLION)
TABLE 54. AFRICA WELLHEAD EQUIPMENT MARKET REVENUE, BY APPLICATION 2018–2026($MILLION)
TABLE 55. DELTA: COMPANY SNAPSHOT
TABLE 56. DELTA: PRODUCT PORTFOLIO
TABLE 57. ETHOSENERGY: KEY EXECUTIVES
TABLE 58. ETHOSENERGY: COMPANY SNAPSHOT
TABLE 59. ETHOSENERGY: PRODUCT PORTFOLIO
TABLE 60. INTEGRATED: COMPANY SNAPSHOT
TABLE 61. INTEGRATED: PRODUCT PORTFOLIO
TABLE 62. SANYI: COMPANY SNAPSHOT
TABLE 63. SANYI: PRODUCT PORTFOLIO
TABLE 64. JMP: COMPANY SNAPSHOT
TABLE 65. JMP: PRODUCT PORTFOLIO
TABLE 66. MSP/DRILEX: COMPANY SNAPSHOT
TABLE 67. MSP/DRILEX: PRODUCT PORTFOLIO
TABLE 68. SUNNDA: COMPANY SNAPSHOT
TABLE 69. SUNNDA: PRODUCT PORTFOLIO
TABLE 70. UZTEL: KEY EXECUTIVES
TABLE 71. UZTEL: COMPANY SNAPSHOT
TABLE 72. UZTEL: PRODUCT PORTFOLIO
TABLE 73. WEIR: KEY EXECUTIVES
TABLE 74. WEIR: COMPANY SNAPSHOT
TABLE 75. WEIR: OPERATING SEGMENTS
TABLE 76. WEIR: PRODUCT PORTFOLIO
TABLE 77. JEREH: KEY EXECUTIVES
TABLE 78. JEREH: COMPANY SNAPSHOT
TABLE 79. JEREH: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01. KEY MARKET SEGMENTS
FIGURE 02. EXECUTIVE SUMMARY
FIGURE 03. GLOBAL WELLHEAD EQUIPMENT MARKET : KEY PLAYERS
FIGURE 04. TOP INVESTMENT POCKETS
FIGURE 05. MODRATE HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 06. MODEARTE TO HIGH BARGAINING POWER OF BUYERS
FIGURE 07. LOW TO MODERATE THREAT OF SUBSTITUTES
FIGURE 08. MODERATE THREAT OF NEW ENTRANTS
FIGURE 09. MODERATE TO HIGH INTENSITY OF RIVALRY
FIGURE 10. KEY PLAYER POSITIONING
FIGURE 11. GLOBAL WELLHEAD EQUIPMENT MARKET , BY TYPE, 2018-2026
FIGURE 12. COMPARATIVE SHARE ANALYSIS OF WELLHEAD EQUIPMENT MARKET FOR CASING HEADS, BY COUNTRY, 2018 & 2026 (%)
FIGURE 13. COMPARATIVE SHARE ANALYSIS OF WELLHEAD EQUIPMENT MARKET FOR CASING SPOOLS , BY COUNTRY, 2018 & 2026 (%)
FIGURE 14. COMPARATIVE SHARE ANALYSIS OF WELLHEAD EQUIPMENT MARKET FOR CHRISTMAS TREES, BY COUNTRY, 2018 & 2026 (%)
FIGURE 15. COMPARATIVE SHARE ANALYSIS OF WELLHEAD EQUIPMENT MARKET FOR TUBING ADAPTERS, BY COUNTRY, 2018 & 2026 (%)
FIGURE 16. COMPARATIVE SHARE ANALYSIS OF WELLHEAD EQUIPMENT MARKET FOR OTHERS, BY COUNTRY, 2018 & 2026 (%)
FIGURE 17. GLOBAL WELLHEAD EQUIPMENT MARKET, BY APPLICATION, 2018-2026
FIGURE 18. COMPARATIVE SHARE ANALYSIS OF ONSHORE WELLHEAD EQUIPMENT MARKET , BY COUNTRY, 2018 & 2026 (%)
FIGURE 19. COMPARATIVE SHARE ANALYSIS OF OFFSHORE WELLHEAD EQUIPMENT MARKET , BY COUNTRY, 2018 & 2026 (%)
FIGURE 20. WELLHEAD EQUIPMENT MARKET, BY REGION, 2018-2026
FIGURE 21. U.S.WELLHEAD EQUIPMENT MARKET REVENUE, 2018-2026($MILLION)
FIGURE 22. CANADA WELLHEAD EQUIPMENT MARKET REVENUE, 2018-2026($MILLION)
FIGURE 23. MEXICO WELLHEAD EQUIPMENT MARKET REVENUE, 2018-2026($MILLION)
FIGURE 24. GERMANY WELLHEAD EQUIPMENT MARKET REVENUE, 2018-2026($MILLION)
FIGURE 25. ITALY WELLHEAD EQUIPMENT MARKET REVENUE, 2018-2026($MILLION)
FIGURE 26. UK WELLHEAD EQUIPMENT MARKET REVENUE, 2018-2026($MILLION)
FIGURE 27. RUSSIA  WELLHEAD EQUIPMENT MARKET REVENUE, 2018-2026($MILLION)
FIGURE 28. REST OF EUROPE WELLHEAD EQUIPMENT MARKET REVENUE, 2018-2026($MILLION)
FIGURE 29. CHINA WELLHEAD EQUIPMENT MARKET REVENUE, 2018-2026($MILLION)
FIGURE 30. INDIA WELLHEAD EQUIPMENT MARKET REVENUE, 2018-2026($MILLION)
FIGURE 31. THAILAND WELLHEAD EQUIPMENT MARKET REVENUE, 2018-2026($MILLION)
FIGURE 32. AUSTRALIA WELLHEAD EQUIPMENT MARKET REVENUE, 2018-2026($MILLION)
FIGURE 33. REST OF ASIA-PACIFIC WELLHEAD EQUIPMENT MARKET REVENUE, 2018-2026($MILLION)
FIGURE 34. LATIN AMERICA WELLHEAD EQUIPMENT MARKET REVENUE, 2018-2026($MILLION)
FIGURE 35. MIDDLE EAST WELLHEAD EQUIPMENT MARKET REVENUE, 2018-2026($MILLION)
FIGURE 36. AFRICA WELLHEAD EQUIPMENT MARKET REVENUE, 2018-2026($MILLION)
FIGURE 37. UZTEL: REVENUE, 2016–2018 ($MILLION)
FIGURE 38. WEIR: R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 39. WEIR: REVENUE, 2016–2018 ($MILLION)
FIGURE 40. WEIR: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 41. WEIR: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 42. JEREH: R&D EXPENDITURE, 2017–2018 ($MILLION)
FIGURE 43. JEREH: REVENUE, 2016–2018 ($MILLION)

 
 

The wellhead equipment market holds high growth potential in the oil & gas industry, owing to growing investment for oil & gas exploration. For instance, in November 2018, PetroChina, a China-based oil & gas company is aiming to raise the oil output in 2021 at Northwestern Xinjiang region. The site is newly discovered oilfield. In addition, PetroChina and Sinopec, the China-based top oil companies have collaborated to explore and produce crude oil in the Western regions of China to increase the domestic output. Similarly, in February 2019, Saudi Aramco planned to expand the oil & gas exploration internationally. It aims to compete with the major competitors such as Royal Dutch Shell and Exxon Mobil to expand into overseas drilling.

The market has witnessed significant growth over the past decade, owing to increase in demand for wellhead equipment due to rise in redevelopment of mature oil wells. For instance, in May 2019, KBR, Inc., the U.S.-based engineering and construction company signed an agreement with Cepsa, a Spanish oil and gas firm and Sonatrach, an Algerian government-owned company, for redevelopment of oil fields located in the Hassi Messaoud, Algeria. The redevelopment includes establishment of central processing facilities with associated structures.

The market players are also expanding their companies and enhancing their product portfolios to increase their market potential in terms of geographic and customer base expansion. Moreover, the leading players in the market are producing affordable and efficient wellhead equipment to cater to a large customer base. For instance, in February 2019, Integrated Equipment, Inc., a manufacturer of oilfield equipment, received $9 million from Veritas Financial Partners for future growth and improve its supply chain by establishing a global support network.

Among the analyzed geographical regions, North America is expected to account for the highest CAGR in the global market throughout the forecast period.

 

 

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FREQUENTLY ASKED QUESTIONS?
 

A. The wellhead equipment market is projected to reach $7,991.8 million by 2026.

A. The rise in redevelopment of mature oil wells, and oil price recovery are the key drivers of the wellhead equipment industry.

A. The report sample for wellhead equipment market report can be obtained on demand from the website.

A. The technological developments in wellhead system is the emerging trend in the wellhead equipment market.

A. Acquisition is the key growth strategy of wellhead equipment market players.

A. The statistical data of the top market players of wellhead equipment market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the wellhead equipment industry.

A. North America region will provide more business opportunities for wellhead equipment market in coming years.

A. Based on application, the onshore segment holds the maximum share of the wellhead equipment market.

A. Delta Corporation, EthosEnergy Group Limited, Integrated Equipment, Jereh Oilfield Equipment, Jiangsu Sanyi Petroleum Equipment Co., Ltd, JMP Petroleum Technologies, Inc., Msp/drilex, Inc., Uztel S.A, Sunnda Corporation, and Weir Group.

A. Latin America, China, and Germany are the potential customers of wellhead equipment industry.

 

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