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[url=https://www.baojisafe.com/]Pressure control equipment

[/url] is a set of tools and device that are generally used to 

maintain the optimal pressure levels inside a wellbore during 

well intervention or workover operations. The pressure control 

equipment can withstand arduous conditions which ensure safety 

and quality, and minimize risks during drilling. It is used in 

number of applications where the pressure needs to be measured, 

monitored, and controlled. Rapid implementation of advanced 

technology in oilfield equipment on the account of growing 

global investment in exploration and production (E&P) is 

considered to be key factors influencing the development of 

pressure control equipment market.

Pressure Control Equipment Market – Notable Developments

Some of the leading players operating in the pressure control 

equipment market are Schlumberger, GKD Industries, Integrated 

Equipment, Brace Tool, Hunting, TIS Manufacturing, Baker Hughes, 

a GE company (BHGE), National Oilwell Varco, Weatherford 

International, The IKM Group, FHE USA, Control Flow, Lee 

Specialties, The Weir Group, IoT Group, and others.

In February 2019, Schlumberger and Rockwell Automation, one of 

the largest companies dedicated to industrial automation and 

information, entered into an agreement to form a joint venture 

called Sensia, the first fully-integrated provider of digital 

oilfield automation solutions. Additionally, it created a JV – 

OneStim with Weatherford International, PLC in March 2017 to 

offer unconventional resource plays’ products and services to 

their customers in the U.S. and Canada.

    In September 2018, Baker Hughes, a GE company (BHGE), a key 

player of pressure control equipment market, was awarded an 

integrated services contract by Saudi Aramco for its Marjan 

Oilfield. Under the contract’s terms the company provided 

drilling services, drilling fluids engineering services, and 

coiled tubing services in Marjan. BHGE also received a similar 

contract from Equinor in June 2018 to support the petroleum 

company’s large proportion of drilling and well construction 

activities in the North Sea’s Norwegian sector.

    Pressure Control Equipment Market Dynamics

    Increasing demand for hydrocarbons, which serve as a key 

source of global energy supply, has brought a significant 

transformation in oil and industry in various regions across the 

globe. Such transformation has led to advances in well drilling 

technologies and adoption of a variety of equipment including 

pressure control equipment which measures, monitor, and control 

the fluid pressure.

Surging demand for oil and gas equipment along with the rising 

need for higher safety norms by well drilling contractors is 

expected to accelerate the growth of 

[url=http://www.baojisafe.com/pressure-control-

equipment/slickline-pressure-control-equipment/]slikline 

pressure control equipment[/url] market. In addition, increasing 

requirements of special instruments and materials in high 

pressure and high temperature wells will possibly push the 

demand for pressure control equipment.

North America to Contribute Substantial Growth to 

[url=http://www.baojisafe.com/pressure-control-equipment/]

Pressure Control Equipment[/url] Market

    Leading players foresee North America as a lucrative region 

for pressure control equipment market, due to increase in 

deepwater drilling activities in the region. Continued focus on 

unconventional sources and shale plays on the coattails of 

various technological innovations and developments is 

anticipated to drive the pressure control equipment market in 

the developed countries of North America such as the U.S. and 

Canada. Further, surge in unconventional hydrocarbon production 

in the region has been envisaged to complement the future 

expansion of pressure control equipment market.