The BOP testing services includes, BOP inspection at the rig site, analog & digital data recording options compliant with regulatory requirements, and API-compliant & field-proven testing of BOP components. Therefore, key companies are focusing on offering testing services for BOP handling systems. For instance, in August 2018, Nabors Industries Ltd., one of the leading oil and gas drilling contractor in North America, offered blowout preventer (BOP) testing services for its major customers in the Powder River Basin of Wyoming. Such factors are expected to aid in growth of testing services segment in the U.S. BOP testing market during the forecast period.

Market Dynamics

Increasing demand for blowout preventer testing in oil and gas drilling operations is driving the market growth during the forecast period. The frequency of repairing, inspections and maintenance depends on various factors which include environmental conditions, equipment age, estimated dynamic loads, and load path component deterioration limits specified by the system manufacturer. Blowout preventer testing is expensive and plays a vital role in oil and gas drilling operations. To ensure that tools are accurate and functioning as required and the system is in serviceable condition, repair and maintenance services are proven to be very effective. The scope and frequency of repairing, inspections and maintenance depends on various factors which include environmental conditions, equipment age, estimated dynamic loads, and load path component deterioration limits specified by the system manufacturer.

Thus, key players are focusing on offering repair and maintenance services for blowout preventer testing to maintain high performance standards. For instance, Nabors Industries Ltd., an oil and gas drilling contractor based in North America, offers blowout preventer testing services to ensure low probability of well control issues and downtime, and to protect the safety of the crew, the rig and the wellbore. Owing to such operational and monetary benefits, the repair and maintenance services segment of the U.S. BOP testing services market is expected to witness considerable growth during forecast.

Key features of the study:

• This report provides in-depth analysis of the U.S. BOP testing services market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2021– 2028), considering 2020 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading  market players
• It profiles leading players in the U.S. BOP testing services market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
• Companies covered as a part of this study include National Oilwell Varco, SAMOCO Oil Tools, AXON Energy Services, Baker Hughes (GE Oil & Gas), Schlumberger Limited (Cameron), Weatherford International Plc, O.P. Products, LLC, LinRich Solutions, M&M International, BHL INTERNATIONAL, Sunnda Corporation, Worldwide Oilfield Machine, Inc., Packard International, Inc., MidCentral Energy Services, Winch & Wrench, Inc., Pathfinder Pressure Testing, Allegiant Oil Field Service Professionals, Battle Energy Services, Trigger Energy Inc., XPAT, Integrated Equipment, Monahans Nipple-up Oilfield Service, and Greene's Energy Group
• Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
• The U.S. BOP testing services market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the U.S. BOP testing services market

Detailed Segmentation

• U.S. BOP Testing Services Market, By Services:
  • Nipple-up Services
  • Nipple-down Services
  • Repair and Maintenance Services
  • BOP Winches and Others
  • BOP Testing Services
• U.S. BOP Testing Services Market, By Application:
  • Onshore
  • Offshore
• U.S. BOP Testing Services Market, By Sub Region:
  • Southern U.S.
  • Eastern U.S.
  • Rest of U.S.
• Company Profiles
  • National Oilwell Varco *
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments/ Updates
  • SAMOCO Oil Tools
  • AXON Energy Services
  • Baker Hughes (GE Oil & Gas)
  • Schlumberger Limited (Cameron)
  • Weatherford International Plc
  • O.P. Products, LLC
  • LinRich Solutions
  • M&M International
  • BHL INTERNATIONAL
  • Sunnda Corporation
  • Worldwide Oilfield Machine, Inc.
  • Packard International, Inc.
  • MidCentral Energy Services
  • Winch & Wrench, Inc.
  • Pathfinder Pressure Testing
  • Allegiant Oil Field Service Professionals
  • Battle Energy Services
  • Trigger Energy Inc.
  • XPAT
  • Integrated Equipment
  • Monahans Nipple-up Oilfield Service
  • Greene's Energy Group.

“*” marked represents similar segmentation in other categories in the respective section.