Blowout Preventer Market Trends and Forecast 2014 - 2022

Transparency Market Research has released a new market report titled Blowout Preventer (BOP) Market By Configuration (Annular BOP and Ram BOP) and By Location (Onshore and Offshore) – Global Industry Analysis, Size, Share, Growth Trends, and Forecast, 2014 – 2022. According to this report, the global market revenue for BOP stood at USD 26,096 million in 2013 and is expected to reach USD 38,583.3 million by 2022 at a CAGR of 4.22% from 2014 to 2022. Complete Report Blowout Preventer Market with TOC : http://www.transparencymarketresearch.com/blowout-preventer-market.html Violation of laws or international mandates pertaining to the spillage of oil or oil related products into the environment generally entails penalties. These penalties vary significantly both at a regional and national levels. After BP’s Macondo well explosion, exploration companies have started focusing more on safety equipment.

Blowout Preventer Market Trends and Forecast 2014 - 2022

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