Wellhead Equipment Market

The global wellhead equipment market is currently experiencing a steady growth. 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. Looking forward, IMARC Group expects the market to exhibiting a CAGR of around 3% during 2020-2025.

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.

Key Questions Answered in This Report:

• How has the global wellhead equipment market performed so far and how will it perform in the coming years?
• What are the key regional markets?
• What is the breakup of the market based on the component?
• What is the breakup of the market based on the application?
• What is the breakup of the market based on the sector?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the market?
• What is the structure of the global wellhead equipment market and who are the key players?
• What is the degree of competition in the market?

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    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$), 2014-2019
Figure 3: Global: Wellhead Equipment Market: Breakup by Component (in %), 2019
Figure 4: Global: Wellhead Equipment Market: Breakup by Application (in %), 2019
Figure 5: Global: Wellhead Equipment Market: Breakup by Sector (in %), 2019
Figure 6: Global: Wellhead Equipment Market: Breakup by Region (in %), 2019
Figure 7: Global: Wellhead Equipment Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 8: Global: Wellhead Equipment (Hangers) Market: Sales Value (in Million US$), 2014 & 2019
Figure 9: Global: Wellhead Equipment (Hangers) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 10: Global: Wellhead Equipment (Flanges) Market: Sales Value (in Million US$), 2014 & 2019
Figure 11: Global: Wellhead Equipment (Flanges) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 12: Global: Wellhead Equipment (Master Valve) Market: Sales Value (in Million US$), 2014 & 2019
Figure 13: Global: Wellhead Equipment (Master Valve) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 14: Global: Wellhead Equipment (Choke) Market: Sales Value (in Million US$), 2014 & 2019
Figure 15: Global: Wellhead Equipment (Choke) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 16: Global: Wellhead Equipment (Other Components) Market: Sales Value (in Million US$), 2014 & 2019
Figure 17: Global: Wellhead Equipment (Other Components) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 18: Global: Wellhead Equipment (Onshore) Market: Sales Value (in Million US$), 2014 & 2019
Figure 19: Global: Wellhead Equipment (Onshore) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 20: Global: Wellhead Equipment (Offshore) Market: Sales Value (in Million US$), 2014 & 2019
Figure 21: Global: Wellhead Equipment (Offshore) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 22: Global: Wellhead Equipment (OEM) Market: Sales Value (in Million US$), 2014 & 2019
Figure 23: Global: Wellhead Equipment (OEM) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 24: Global: Wellhead Equipment (Aftermarket) Market: Sales Value (in Million US$), 2014 & 2019
Figure 25: Global: Wellhead Equipment (Aftermarket) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 26: North America: Wellhead Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 27: North America: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 28: United States: Wellhead Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 29: United States: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 30: Canada: Wellhead Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 31: Canada: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 32: Asia Pacific: Wellhead Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 33: Asia Pacific: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 34: China: Wellhead Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 35: China: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 36: Japan: Wellhead Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 37: Japan: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 38: India: Wellhead Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 39: India: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 40: South Korea: Wellhead Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 41: South Korea: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 42: Australia: Wellhead Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 43: Australia: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 44: Indonesia: Wellhead Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 45: Indonesia: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 46: Others: Wellhead Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 47: Others: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 48: Europe: Wellhead Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 49: Europe: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 50: Germany: Wellhead Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 51: Germany: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 52: France: Wellhead Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 53: France: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 54: United Kingdom: Wellhead Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 55: United Kingdom: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 56: Italy: Wellhead Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 57: Italy: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 58: Spain: Wellhead Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 59: Spain: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 60: Russia: Wellhead Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 61: Russia: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 62: Others: Wellhead Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 63: Others: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 64: Latin America: Wellhead Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 65: Latin America: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 66: Brazil: Wellhead Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 67: Brazil: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 68: Mexico: Wellhead Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 69: Mexico: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 70: Others: Wellhead Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 71: Others: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 72: Middle East and Africa: Wellhead Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 73: Middle East and Africa: Wellhead Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
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, 2019 and 2025
Table 2: Global: Wellhead Equipment Market Forecast: Breakup by Component (in Million US$), 2020-2025
Table 3: Global: Wellhead Equipment Market Forecast: Breakup by Application (in Million US$), 2020-2025
Table 4: Global: Wellhead Equipment Market Forecast: Breakup by Sector (in Million US$), 2020-2025
Table 5: Global: Wellhead Equipment Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 6: Global: Wellhead Equipment Market: Competitive Structure
Table 7: Global: Wellhead Equipment Market: Key Players