Blowout Preventer Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Global Blowout Preventer (BOP) Manufacturers and the market is segmented by type (annular bop and ram bop), location of deployment (onshore and offshore), and geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Blowout Preventer Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Blowout Preventer Market Size

Blowout Preventers (BOP) Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 2.00 %
Fastest Growing Market North America
Largest Market Europe
Market Concentration High

Major Players

Blowout Preventers (BOP) Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Blowout Preventer Market Analysis

The Blowout Preventers Market is expected to register a CAGR of greater than 2% during the forecast period.

  • The offshore segment is expected to grow at the fastest rate for blow out preventers market, owing to the increasing exploration and production activities in the deepwater and ultra deepwater areas, globally.
  • Digitalization and advancements in BOP technology, after the Deepwater Horizon oil spill of April 2010, in which the failure of the rig's blowout preventers (BOP) system led to the largest oil spill till date, is expected to act as an opportunity in the market of blow out preventers market.
  • Europe is estimated to have the highest growth rate, over the forecast period, with a significant share of the blow out preventers market, in 2018. This is primarily due to the presence of major producing and exporting countries near the North Sea, and the faster growing demand for oil and gas over the forecast period.

Blowout Preventer Industry Overview

The blowout preventers (BOP) market is partially consolidated. Some of the key players in this market include Baker Hughes Company, Schlumberger Limited, National Oilwell Varco Inc., Shandong Kerui Holding Group Co. Ltd, and Weatherford International Plc.

Blowout Preventer Market Leaders

  1. Baker Hughes Company

  2. Schlumberger Limited

  3. National Oilwell Varco Inc.

  4. Shandong Kerui Holding Group Co. Ltd

  5. Weatherford International Plc.

  6. *Disclaimer: Major Players sorted in no particular order
Blowout Preventers (BOP) Market Concentration
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Blowout Preventer Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, until 2025
  • 4.3 Recent Trends and Developments
  • 4.4 Market Dynamics
    • 4.4.1 Drivers
    • 4.4.2 Restraints
  • 4.5 Supply Chain Analysis
  • 4.6 Porter's Five Forces Analysis
    • 4.6.1 Bargaining Power of Suppliers
    • 4.6.2 Bargaining Power of Consumers
    • 4.6.3 Threat of New Entrants
    • 4.6.4 Threat of Substitutes Products and Services
    • 4.6.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Annular BOP
    • 5.1.2 Ram BOP
  • 5.2 Location of Deployment
    • 5.2.1 Onshore
    • 5.2.2 Offshore
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.2 Europe
    • 5.3.3 Asia-Pacific
    • 5.3.4 South America
    • 5.3.5 Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Baker Hughes Company
    • 6.3.2 Halliburton Company
    • 6.3.3 National Oilwell Varco Inc.
    • 6.3.4 Rongsheng Machinery Manufacture Ltd
    • 6.3.5 Schlumberger Company
    • 6.3.6 Shandong Kerui Holding Group Co. Ltd
    • 6.3.7 TechnipFMC Plc.
    • 6.3.8 Weatherford International Plc.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Blowout Preventer Industry Segmentation

The blowout preventers (BOP) market report include:

Type Annular BOP
Ram BOP
Location of Deployment Onshore
Offshore
Geography North America
Europe
Asia-Pacific
South America
Middle-East and Africa
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Blowout Preventer Market Research FAQs

What is the current Blowout Preventers (BOP) Market size?

The Blowout Preventers (BOP) Market is projected to register a CAGR of greater than 2% during the forecast period (2025-2030)

Who are the key players in Blowout Preventers (BOP) Market?

Baker Hughes Company, Schlumberger Limited, National Oilwell Varco Inc., Shandong Kerui Holding Group Co. Ltd and Weatherford International Plc. are the major companies operating in the Blowout Preventers (BOP) Market.

Which is the fastest growing region in Blowout Preventers (BOP) Market?

North America is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Blowout Preventers (BOP) Market?

In 2025, the Europe accounts for the largest market share in Blowout Preventers (BOP) Market.

What years does this Blowout Preventers (BOP) Market cover?

The report covers the Blowout Preventers (BOP) Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Blowout Preventers (BOP) Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Blowout Preventer Industry Report

Statistics for the 2025 Blowout Preventers (BOP) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Blowout Preventers (BOP) analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.