BOP Handling Systems Market: Rise In Demand For BOP Handling Systems In Industrial Sector Boosting The Market

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  • Blowout preventer (BOP) equipment is designed for lifting, storing, transporting, and lowering BOP stacks used on drilling and production facilities or rigs.
  • A BOP handling system is a specified valve or mechanical device, used to control, monitor, and seal oil and gas wells to prevent blowouts.
  • They are usually installed in stacks of other valves. BOP handling systems are of two types: ram blowout preventer and annular blowout preventer. Blowout preventers are used on offshore rigs, subsea wells, and land wells.
bop handling systems market

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Key Drivers of BOP Handling Systems Market
Rise in demand for BOP handling systems in industrial sector boosting the market
  • BOP handling systems are used in various applications such as construction, mining, metallurgy, and freight. Rise in demand for BOP handling systems in heavy lifting of cargos in harbors and ships is anticipated to augment the global market. For instance, 10.7 billion tons of goods were loaded across the globe in 2017 and Asia Pacific was the dominant region in this market. More than 6.5 billion tons was unloaded and 4.4 billion tons of goods were loaded in Asian seaports in 2017.
  • BOP handling systems are usually used as rear or front mounts to drag heavy weights and used in numerous commercial automobiles or vehicles. This in turn is projected to boost the global demand for BOP handling systems.

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