Global Wellhead Equipment Market Size & Outlook, 2023-2030

The wellhead equipment industry worldwide is expected to reach a projected revenue of US$ 9,361.8 million by 2030. A compound annual growth rate of 4.9% is expected of the worldwide wellhead equipment industry from 2024 to 2030.
Revenue, 2023 (US$M)
$6,694.6
Forecast, 2030 (US$M)
$9,361.8
CAGR, 2024 - 2030
4.9%
Report Coverage
Worldwide

Global wellhead equipment market, 2018-2030 (US$M)

Global wellhead equipment market highlights

  • The global wellhead equipment market generated a revenue of USD 6,694.6 million in 2023 and is expected to reach USD 9,361.8 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 4.9% by 2030.
  • In terms of segment, hangers accounted for a revenue of USD 6,406.1 million in 2023.
  • Hangers is the most lucrative component segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2023.

Global data book summary

Market revenue in 2023USD 6,694.6 million
Market revenue in 2030USD 9,361.8 million
Growth rate4.9% (CAGR from 2023 to 2030)
Largest segmentHangers
Fastest growing segmentHangers
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHangers, Flangers

Other key industry trends

  • In terms of revenue, the North America accounted for 41.2% of the global wellhead equipment market in 2023.

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Wellhead Equipment Market Scope

Wellhead equipment market segmentation & scope
Hangers
Flangers
Master valve
Choke
Others
Application
Onshore
Offshore
Countries
Brazil
Argentina
Denmark
France
Germany
Italy
Norway
Spain
Sweden
UK
U.S.
Canada
Mexico
Kuwait
Saudi Arabia
South Africa
UAE
Australia
China
India
Japan
South Korea
Thailand

Wellhead Equipment Market Companies

Name Profile # Employees HQ Website

Global wellhead equipment market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to wellhead equipment market will help companies and investors design strategic landscapes.


Hangers was the largest segment with a revenue share of 95.69% in 2023. Horizon Databook has segmented the Global wellhead equipment market based on hangers, flangers covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Wellhead Equipment Component Outlook (Revenue, USD Million, 2018-2030)
    • Hangers
    • Flangers
    • Master valve
    • Choke
    • Others
  • Global Wellhead Equipment Application Outlook (Revenue, USD Million, 2018-2030)
    • Onshore
    • Offshore

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Target buyers of Global wellhead equipment market databook

  • Our clientele includes a mix of wellhead equipment market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global wellhead equipment market , including forecasts for subscribers. This global databook contains high-level insights into Global wellhead equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global wellhead equipment market size, by regions, 2018-2030 (US$M)

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