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Wellhead Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global wellhead equipment market reached a value of US$ 6.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 9.5 Billion by 2027, exhibiting a CAGR of 6.5% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Wellhead equipment refers to a device that is permanently installed at the surface of an oil and gas well. It provides a structural and pressure interface for the drilling and production equipment and acts as a connection between the tubing and casings of the pipeline. The equipment primarily consists of casing spools, isolation seals, test plugs, mudline suspension system, tubing head, hanger and tubing head adapter. These devices are used to seal the well and suspend the casings and can be configured according to the pressure, temperature, location, well size and drilling method.

Steady growth in the oil and gas industry, along with the increasing number of deep and ultra-deep-water drilling projects, represent as the key factors driving the market growth. Furthermore, growing exploration of unconventional resources like shale oil and coal bed methane (CBM) has led to the increasing utilization of long-suppressed oilfield devices, including wellhead systems, thereby providing a boost to the market growth. Additionally, manufacturers are creating innovative product variants to support the demand for harsher and manually unapproachable drilling environments. For instance, unmanned wellhead platforms are being used as a resting facility on the seabed, where the wells are placed on the platform deck. This acts as an effective alternative to subsea wells and a cost-efficient solution for shallow water developments. Other factors, including the implementation of favourable government initiatives to explore sustainable options for oil extraction, are projected to drive the market further. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global wellhead equipment market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, application and sector.

Breakup by Component:

  • Hangers
  • Flanges
  • Master Valve
  • Choke
  • Others
     

Breakup by Application:

  • Onshore
  • Offshore
     

Breakup by Sector:

  • OEM
  • Aftermarket
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Aker Solutions ASA, Baker Hughes, Cameron International Corporation, Forum Energy Technologies Inc., Nabors Industries Ltd., National Oilwell Varco Inc., Oil States International Inc., TechnipFMC PLC, Weatherford International PLC, Weir Group PLC, etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Component, Application, Sector, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Aker Solutions ASA, Baker Hughes, Cameron International Corporation, Forum Energy Technologies Inc., Nabors Industries Ltd., National Oilwell Varco Inc., Oil States International Inc., TechnipFMC PLC, Weatherford International PLC and Weir Group PLC
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Wellhead Equipment Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19  
    5.4    Market Forecast
6   Market Breakup by Component
    6.1    Hangers
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Flanges
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Master Valve
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Choke
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Others
        6.5.1 Market Trends
        6.5.2 Market Forecast
7   Market Breakup by Application
    7.1    Onshore
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Offshore
        7.2.1 Market Trends
        7.2.2 Market Forecast
8   Market Breakup by Sector
    8.1    OEM
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Aftermarket
        8.2.1 Market Trends
        8.2.2 Market Forecast
9   Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10  SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11  Value Chain Analysis
12  Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13  Price Indicators
14  Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Aker Solutions ASA
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio 
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2    Baker Hughes
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio 
        14.3.3    Cameron International Corporation
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio 
        14.3.4    Forum Energy Technologies, Inc.
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio 
           14.3.4.3 Financials
           14.3.4.4 SWOT Analysis
        14.3.5    Nabors Industries Ltd.
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio 
           14.3.5.3 Financials
           14.3.5.4 SWOT Analysis
        14.3.6    National Oilwell Varco, Inc.
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio 
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    Oil States International, Inc.
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio 
           14.3.7.3 Financials
           14.3.7.4 SWOT Analysis
        14.3.8    TechnipFMC PLC
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio 
           14.3.8.3 Financials
        14.3.9    Weatherford International plc
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio 
           14.3.9.3 Financials
           14.3.9.4 SWOT Analysis
        14.3.10    Weir Group Plc
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio 
           14.3.10.3 Financials
           
List of Figures

Figure 1: Global: Wellhead Equipment Market: Major Drivers and Challenges
Figure 2: Global: Wellhead Equipment Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Wellhead Equipment Market: Breakup by Component (in %), 2021
Figure 4: Global: Wellhead Equipment Market: Breakup by Application (in %), 2021
Figure 5: Global: Wellhead Equipment Market: Breakup by Sector (in %), 2021
Figure 6: Global: Wellhead Equipment Market: Breakup by Region (in %), 2021
Figure 7: Global: Wellhead Equipment Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 8: Global: Wellhead Equipment (Hangers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Wellhead Equipment (Hangers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Wellhead Equipment (Flanges) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Wellhead Equipment (Flanges) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Wellhead Equipment (Master Valve) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Wellhead Equipment (Master Valve) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Wellhead Equipment (Choke) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Wellhead Equipment (Choke) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Wellhead Equipment (Other Components) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Wellhead Equipment (Other Components) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Wellhead Equipment (Onshore) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Wellhead Equipment (Onshore) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Wellhead Equipment (Offshore) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Wellhead Equipment (Offshore) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Wellhead Equipment (OEM) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Wellhead Equipment (OEM) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Wellhead Equipment (Aftermarket) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Wellhead Equipment (Aftermarket) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: North America: Wellhead Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: North America: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: United States: Wellhead Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: United States: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Canada: Wellhead Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Canada: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Asia Pacific: Wellhead Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Asia Pacific: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: China: Wellhead Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: China: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Japan: Wellhead Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Japan: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: India: Wellhead Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: India: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: South Korea: Wellhead Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: South Korea: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Australia: Wellhead Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Australia: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Indonesia: Wellhead Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Indonesia: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Others: Wellhead Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Others: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Europe: Wellhead Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Europe: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Germany: Wellhead Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Germany: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: France: Wellhead Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: France: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: United Kingdom: Wellhead Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: United Kingdom: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Italy: Wellhead Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Italy: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Spain: Wellhead Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Spain: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Russia: Wellhead Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Russia: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Others: Wellhead Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Others: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Latin America: Wellhead Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Latin America: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Brazil: Wellhead Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Brazil: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Mexico: Wellhead Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Mexico: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Others: Wellhead Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Others: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Middle East and Africa: Wellhead Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Middle East and Africa: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Global: Wellhead Equipment Industry: SWOT Analysis
Figure 75: Global: Wellhead Equipment Industry: Value Chain Analysis
Figure 76: Global: Wellhead Equipment Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Wellhead Equipment Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Wellhead Equipment Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: Wellhead Equipment Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Wellhead Equipment Market Forecast: Breakup by Sector (in Million US$), 2022-2027
Table 5: Global: Wellhead Equipment Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Wellhead Equipment Market: Competitive Structure
Table 7: Global: Wellhead Equipment Market: Key Players


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Key Questions Answered in This Report

The global wellhead equipment market was valued at US$ 6.7 Billion in 2021.

We expect the global wellhead equipment market to exhibit a CAGR of 6.5% during 2022-2027

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in numerous installation activities for wellhead equipment devices.

The increasing application of long-suppressed oilfield devices, including wellhead systems, owing to the growing exploration of unconventional resources, is primarily driving the global wellhead equipment market.

Based on the component, the global wellhead equipment market has been segregated into hangers, flanges, master valve, choke, and others. Among these, hangers currently hold the largest market share.

Based on the application, the global wellhead equipment market can be bifurcated into onshore and offshore. Currently, onshore segment exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global wellhead equipment market include Aker Solutions ASA, Baker Hughes, Cameron International Corporation, Forum Energy Technologies Inc., Nabors Industries Ltd., National Oilwell Varco Inc., Oil States International Inc., TechnipFMC PLC, Weatherford International PLC, Weir Group PLC, etc.

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