Wellhead Equipment Segmentation
The market is segmented by application into onshore, offshore, and others, out of which, the offshore segment is anticipated to hold the notable share in the global wellhead equipment market over the forecast period on account of higher potential for oil and gas generation in offshore sites, along with rising investment in offshore oil fields. As per the data by the IEA, the offshore gas production is estimated to increase by 700 billion cubic meters (bcm) by 2040. Moreover, the growing unmet demand for oil and gas, is estimated to fuel the segment growth.
Our in-depth analysis of the global market includes the following segments:
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Frequently Asked Questions (FAQ)
In the year 2025, the industry size of wellhead equipment is estimated at USD 7.34 billion.
Wellhead Equipment Market size was valued at USD 7.06 billion in 2024 and is likely to cross USD 12.67 billion by 2037, registering more than 4.6% CAGR during the forecast period i.e., between 2025-2037.
North America industry is expected to account for largest revenue share by 2037, backed by increasing demand for crude oil, high production of oil and gas, and presence of large number of oil reserves in Canada, and the US.
The major players in the market are General Electric Company, Aker Solutions ASA, Schlumberger Limited, Trican Well Service Ltd., Oil States International, Inc, Forum Energy Technologies Inc., Cameron International Corporation, and others.
