Ram BOP Market Overview
Ram BOP: Market Overview
Ram BOPs (blowout preventer) are a type of BOP which consists two halves of cover, called ram blocks, to seal the top of the well in case of a kick or blowout. The covers are controlled by large diameter hydraulic cylinders, which close during a kick.
The covers of a ram BOP are made of steel, with components made of elastomer on sealing surface.Ram BOPs, or rather ram blocks, can be designed to either shut the well around the drill pipe or completely shear through the drill pipe.
Ram BOP classification is done on the basis of their shutting off capabilities. Pipe ram BOP have a hole (one-half on each pipe) with specific diameter, to shut the well around the pipe.Blind ram BOPs don’t have hole and can be shutoff only in the absence of a pipe.
Variable-bore ram BOP can close around pipes of varying diameters, while shear ram BOP are equipped with special tool cutting surface, to cut through the drill pipe and shut-off the well permanently.
Hence, shear ram BOPs are used in extreme cases as a last resort, as they limit future use of well. Given the risks associated with well kicks and blowouts, ram BOPs play a critical role in onshore and offshore oil & gas exploration activities, around the world.
Ram BOP: Market Dynamics
Recovering oil & gas industry has been driving investments in oil & gas exploration and production activities, especially in the offshore sector, which are anticipated to proliferate the demand for ram BOP market.
Blowouts in oil & gas can cause significant environmental, human life and monetary damage, which further necessitates the deployment of ram BOP in drilling and production activities.
The dynamic nature of crude oil prices is expected to have an adverse impact on the overall growth of oil & gas industry, affecting the demand trends of ram BOP market.
In addition, rising geopolitical tensions between oil producing and exporting (OPEC) countries and growing crude oil supply-demand gapare also expected to present challenges to the growth of ram BOP market.
Ram BOP Market: Regional Outlook
U.S. market is anticipated to create robust demand for ram BOP in the coming years, on the back of shale boom and uptick in exploration and production activities in the Gulf of Mexico.
Latin America, owing to flourishing oil & gas drilling in Brazil, Mexico, etc., is expected to present significant growth opportunities for ram BOP manufacturers in the foreseeable future.
Increasing number of oil & gas discoveries in the Middle East & Africa, in countries like Nigeria, Guyana, Angola, Mozambique, and South Africa, is projected to drive the demand for ram BOP in the region. China is anticipated to dominate the demand for ram BOP in East Asia region, owing to growing offshore E&P activity in South China Sea.
Asia pacific countries like Thailand, Malaysia, Australia and India are expected to remain high growth areas in terms of demand for ram BOP in the coming years, owing to the rising investments in offshore drilling and production.
Ram BOP Market: Market Participants
Some of the key market participants identified in the Ram BOP market across the globe are:
- B.O.P Products LLC
- EFC Group
- Integrated Equipment
- Schlumberger Limited
- Baker Hughes, a GE Company LLC
- National Oilwell Varco
- Shengji Group
- Jiangsu Sanyi Petroleum Equipment Co., Ltd.,
- UZTEL S.A
- AXON Pressure Products, Inc.,
- Texas First Industrial Corp.
- Lake Petro
- DRILLTECH MANUFACTURING CO.,LTD.
Brief Approach to Research
The research report presents a comprehensive assessment of the Ram BOP market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies.
The research report provides analysis and information according to Ram BOP market segments such as geographies, application and industry.
The report covers exhaustive analysis on:
- Ram BOP Market Segments
- Ram BOP Market Dynamics
- Ram BOP Market Size
- Ram BOP Supply & Demand
- Ram BOP Current Trends/Issues/Challenges
- Ram BOP Competition & Companies involved
- Ram BOP Technology
- Ram BOP Value Chain
Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordics)
- Eastern Europe (Russia, Poland, CIS)
- Asia-Pacific (China, India, ASEAN, South Korea)
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with Ram BOP market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Ram BOP market segments and geographies.
- Detailed overview of Ram BOP’ parent market
- Changing Ram BOP market dynamics in the industry
- In-depth Ram BOP market segmentation
- Historical, current and projected Ram BOP market size in terms of volume and value
- Ram BOP recent industry trends and developments
- Ram BOP competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth in Ram BOP market
- A neutral perspective on Ram BOP market performance
- Must-have information for Ram BOP market players to sustain and enhance their market footprint
Ram BOP: Market Segmentation
- Blind Ram BOP
- Shear Ram BOP
- Pipe Ram BOP
- Variable-Bore Ram BOP
By Pressure Handling Capacity
- Up to 2,000 psi
- 2,000 to 5,000 psi
- 5,000 to 10,000 psi
- Above 10,000 psi
Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.