Choke and Kill Manifold Market Report 2020-2030
Forecasts by Application (Onshore, and Offshore), by Region and Analysis of Leading Companies
Choke and Kill Manifold is used to control well kick and pressure. The choke and kill manifold system consist of high-pressure valves, chokes, pressure sensors, connecting blocks, spool spacers, buffer tanks, flanges, and instrumentation configured together. Rising offshore E&P activities is expected to drive the market demand during the forecast period.
The expanding offshore drilling operations carried out under high-pressure and high temperature conditions, has resulted in the demand for choke and kill manifolds to witness a significant rise. Furthermore, increasing investments in oil and gas upstream activities especially in North America to obtain shale gas and oil reserves is expected to drive market demand. However, due to COVID-19 outbreak crude oil prices have plummeted with the possibility of crippling the energy market and beyond.
Market Segmentation 2020-2030:
The Choke and Kill Manifold Market is segmented on Application, and Regional basis.
Focused regional forecasts and analysis explore the future opportunities:
• North America
Major Market Players
• Awaltek Sdn Bhd
• AXON Pressure Products Inc.
• Camtop (Shanghai) Machinery Equipment Co. Ltd.
• EthosEnergy Group Ltd.
• GTP Solutions
• National Oilwell Varco Inc.
• Schlumberger Ltd.
• TechnipFMC Plc
• Worldwide Oilfield Machine Inc.
• Yantai Jereh Oilfield Services Group Co. Ltd.
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