Blowout Preventer Market Size 2014 - 2022

Transparency Market

Research

Blowout Preventer Market By Configuration (Annular BOP

and Ram BOP) and By Location (Onshore and Offshore) Global Industry Analysis, Size, Share, Growth Trends, and

Forecast 2014 - 2022

Published Date

07-Aug-2015

117 Page Report

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Press Release

Blowout Preventer Market Revenue is Anticipated to Reach USD

38,583.3 Million by 2022:Transparency Market Research

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Blowout Preventer Market

REPORT DESCRIPTION

Blowout Preventer Market By Configuration (Annular BOP and Ram BOP) and By Location

(Onshore and Offshore) - Global Industry Analysis, Size, Share, Growth Trends, and Forecast

2014 - 2022

Transparency Market Research has released a new market report titled Blowout Preventer Market - Global

Industry Analysis, Size, Share, Growth Trends, and Forecast, 2014 - 2022. According to this reportThe

global BOP market revenue for stood at USD 26,096 million in 2013 and is expected to reach USD 38,583.3

million by 2022 at a CAGR of 4.22% from 2014 to 2022.

Browse Blowout Preventer Market Report with Full TOC at

http://www.transparencymarketresearch.com/blowout-preventer-market.html

After BP’s Macondo well explosion, exploration companies have started focusing more on safety

equipment. Hydrocarbon agencies and safety organizations are developing stringent norms to develop

safe operating standards in the exploration and production sector. Bulky, heavy, and designed for

redundancy, blowout preventers are the last line of defense against a runaway well. A blowout preventer

or a BOP is a large valve usually redundantly installed in stacks to monitor, seal, and control oil wells. BOPs

are installed to cope with erratic pressures and uncontrolled flow from wells during drilling operations. In

addition to...