South Africa Wellhead Equipment Market Size & Outlook
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South Africa wellhead equipment market highlights
- The South Africa wellhead equipment market generated a revenue of USD 178.4 million in 2023 and is expected to reach USD 221.8 million by 2030.
- The South Africa market is expected to grow at a CAGR of 3.2% from 2024 to 2030.
- In terms of segment, master valve was the largest revenue generating component in 2023.
- Choke is the most lucrative component segment registering the fastest growth during the forecast period.
Wellhead equipment market data book summary
| Market revenue in 2023 | USD 178.4 million |
| Market revenue in 2030 | USD 221.8 million |
| Growth rate | 3.2% (CAGR from 2024 to 2030) |
| Largest segment | Master valve |
| Fastest growing segment | Choke |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hangers, Flangers, Master valve, Choke |
| Key market players worldwide | NOV Inc, Delta Corp, John Wood Group Plc, Baker Hughes Co Class A, Weatherford International PLC Ordinary Shares - New, Weir Group PLC, Schlumberger Ltd, Oil States International Inc, Forum Energy Technologies Inc, Great Lakes Wellhead |
Other key industry trends
- In terms of revenue, South Africa accounted for 2.7% of the global wellhead equipment market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa wellhead equipment market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 221.8 million by 2030.
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Wellhead Equipment Market Scope
Wellhead Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Great Lakes Wellhead | View profile | 51-100 | Grawn, Michigan, United States, North America | https://www.glwinc.us |
| Oil States International Inc | View profile | 2752 | Three Allen Center, 333 Clay Street, Suite 4620, Houston, TX, United States, 77002 | https://www.oilstatesintl.com |
| Delta Corp | View profile | 5001-10000 | Mumbai, Maharashtra, India, Asia | http://www.deltacorp.in/ |
| Forum Energy Technologies Inc | View profile | 1600 | 10344 Sam Houston Park Drive, Suite 300, Houston, TX, United States, 77064 | https://www.f-e-t.com |
| NOV Inc | View profile | 33676 | 10353 Richmond Avenue, Houston, TX, United States, 77042-4103 | https://www.nov.com |
| John Wood Group Plc | View profile | 35000 | Hareness Road, Sir Ian Wood House, Altens Industrial Estate, Aberdeen, United Kingdom, AB12 3LE | https://www.woodplc.com |
| Weatherford International PLC Ordinary Shares - New | View profile | 18500 | 2000 Street James Place, Houston, TX, United States, 77056 | https://www.weatherford.com |
| Weir Group PLC | View profile | 12638 | 1 West Regent Street, 10th Floor, Glasgow, United Kingdom, G2 1RW | https://www.global.weir |
| Schlumberger Ltd | View profile | 111000 | 5599 San Felipe, 17th Floor, Houston, TX, United States, 77056 | https://www.slb.com |
| Baker Hughes Co Class A | View profile | 58000 | 575 North Dairy Ashford Road, Suite 100, Houston, TX, United States, 77079-1121 | https://www.bakerhughes.com |
South Africa 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.
Master valve was the largest segment with a revenue share of 32.17% in 2023. Horizon Databook has segmented the South Africa wellhead equipment market based on hangers, flangers, master valve, choke covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of South Africa wellhead equipment market databook
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Our clientele includes a mix of wellhead equipment market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Africa wellhead equipment market , including forecasts for subscribers. This country databook contains high-level insights into South Africa wellhead equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Africa wellhead equipment market size, by component, 2018-2030 (US$M)
South Africa Wellhead Equipment Market Outlook Share, 2023 & 2030 (US$M)
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