Pune, India -- (SBWIRE) -- 12/14/2018 -- A blowout preventer (BOP) is a large, specialized valve or similar mechanical device, used to seal, control and monitor oil and gas wells to prevent blowouts, the uncontrolled release of crude oil and/or natural gas from a well. They are usually installed in stacks of other valves.

The report for Blowout Preventer Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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An analyst from Market Research Future (MRFR)'s team said: Increasing demand in the oil and gas industry has resulted in an increase in exploration of unconventional sources for Oil and Gas drilling. High demand in the oil and gas industry and rapid increase in offshore exploration activities have significantly contributed to the growth and development of the Blowout Preventer market. Increasing standard for safety is also expected to push the demand in the Blowout Preventer market.

Middle East is expected to dominate the Blowout Preventer market mainly due to the increasing onshore drilling activities in this region. Asia-Pacific is the other leading region registering high growth in the Blowout Preventer market mainly due to the immense scope for hydrocarbon in this region.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Market Synopsis of Blowout Preventer

Market Scenario
Increasing demand in the oil and gas industry has resulted in an increase in exploration of unconventional sources for Oil and Gas drilling. High demand in the oil and gas industry and rapid increase in offshore exploration activities have significantly contributed to the growth and development of the Blowout Preventer market. Increasing standard for safety is also expected to push the demand in the Blowout Preventer market.

Segments
The Blowout Preventer market has been segmented on the basis of type as Annular BOP and RAM. On the basis of Well type the market has been segmented on the basis of Land and Offshore.
Intended Audience:
Blowout Preventer manufacturers
Blowout Preventer Suppliers
Research and Development (R&D) Companies

Regional Analysis of Blowout Preventer Market:
Middle East is expected to dominate the Blowout Preventer market mainly due to the increasing onshore drilling activities in this region. Asia-Pacific is the other leading region registering high growth in the Blowout Preventer market mainly due to the immense scope for hydrocarbon in this region.

Key Players
Some of the key players in the Blowout Preventer market are Aker Solutions (Norway), Weatherford International Limited (U.S.), FMC Technologies (U.S.), Cameron International Corporation (U.S.), National Oil Well Verco Inc., Proserve (U.K.), Uztel Ltd. (Romania) etc.

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Study Objectives of Blowout Preventer
To provide detailed analysis of the market structure along with forecast for the next 5 years of the various segments and sub-segments of the global Blowout Preventer market

To provide insights about factors affecting the market growth

To Analyze the Blowout Preventer market based on various factors- price analysis, supply chain analysis, Porters five force analysis.

To provide historical and forecast revenue of the market segments and sub-segments with respect to six main geographies and their countries- North America, Europe, Asia-Pacific, South America, Middle East, and Africa

To provide country level analysis of the market with respect to the current market size and future prospective

To provide country level analysis of the market for segment by Type, by Well Type, and by region as well as its sub segments

To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market

To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, and new product developments in the global Blowout Preventer market

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