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Pressure Control Equipment Market Share

Report ID: GMI11698
Published Date: Oct 2024
Report Format: PDF

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Pressure Control Equipment Market Share

Global Pressure Control Equipment Company Market Share Analysis, 2023

The Pressure Control Equipment industry is fragmented, with several regional companies operating on a global scale. In 2023, the Schlumberger Limited, Emerson Electric Co., Honeywell International Inc., Schneider Electric SE, The Weir Group PLC, led the market. To expand their customer base, broaden their product offerings, and establish a stronger foothold in the market, these corporations strategically deploy mergers, acquisitions, partnerships, and facility expansions. They also leverage their vast distribution networks and resources to investigate new markets.

Pressure Control Equipment Market Companies

Major players operating in the pressure control equipment industry are:

Aker Solutions ASA
Baker Hughes Company
Cameron International Corporation
Curtiss-Wright Corporation
Dril-Quip, Inc.
Emerson Electric Co.
FMC Technologies, Inc.
General Electric Company (GE Oil & Gas)
Halliburton Company
Honeywell International Inc.
National Oilwell Varco, Inc.
Schlumberger Limited
Schneider Electric SE
TechnipFMC plc
The Weir Group PLC

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of pressure control equipment was exceeded USD 7.7 billion in 2023 and is predicted to grow at a CAGR of about 4.6% between 2024 and 2032, due to the rising investments in shale gas exploration.

The valves segment led the market with USD 2.4 billion in 2023 and is predicted to hit USD 3.7 billion by 2032, playing a key role in regulating flow and pressure in industrial systems.

The oil & gas segment held 45% share of the pressure control equipment industry in 2023 and is set to reach 46% by 2032, driven by resource extraction from challenging environments like deepwater and shale formations.

North America region held about 43% share of the pressure control equipment market in 2023 and is expected to exceed USD 5.1 billion by 2032, propelled by the U.S. and Canada

Major players operating in the pressure control equipment industry are Aker Solutions ASA, Baker Hughes Company, Cameron International Corporation, Curtiss-Wright Corporation, Dril-Quip, Inc., Emerson Electric Co., FMC Technologies, Inc., General Electric Company (GE Oil & Gas), Halliburton Company, Honeywell International Inc., National Oilwell Varco, Inc., Schlumberger Limited, Schneider Electric SE, TechnipFMC plc, The Weir Group PLC.