Global Production Chokes Market Research Report 2023, Forecast to 2028
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Choke valve, sometimes also known as 'choker valve' is a type of control valve, mostly used in oil and gas production wells to control the flow of well fluids being produced.
Our market research experts provide qualitative and quantitative analysis of the market based on involving economic and non-economic factors in the same report with market value (million USD) data for each segment and sub-segment. This way, clients can achieve all their goals while taking advantage of emerging opportunities. Technological advancements, new product launches, and market capital flows are compared across scenarios to demonstrate their impact over the forecast period.
Data collected includes market dynamics, technology outlook, application development, and pricing trends. All of this is fed into a research model, which then produces relevant data for market research. Global market trend analysis is given including historical data, estimates to 2023 and compound annual growth rate (CAGR) forecast to 2028.
Projected and forecast revenue values are in constant U.S. dollars, unadjusted for inflation.
2023 will be a tough year for much of the global economy, as the ongoing war in Ukraine continues to strain trade, especially in Europe, and the global economy remains reeling from the fallout from the COVID-19 pandemic.
But as China moves ever closer to fully reemerging from three years of government-imposed Covid isolation and reintegrating with the world, economic expectations are high.And with the global economy now facing significant challenges, including energy shortages, slowing growth and high inflation, China’s reopening could provide a much-needed and timely boost.
The report researches and analyzes the influence of the Production Chokes industry in the new era of global post-COIVD-19 economy in 2023, and provides in-depth analysis and professional suggestions on the current development.
Market Segment by Product Type
Fixed Chokes
Adjustable Chokes
Market Segment by Product Application
Onshore
Offshore
Finally, the report provides detailed profile and data information analysis of leading company.
BHGE
Schlumberger
Halliburton
National Oilwell Varco
Weatherford International
Cortec Corporation
Lancaster Flow Automation
Insights and Tools:
We follow a comprehensive process to estimate market size. Key industry dynamics, regulatory scenarios, and segmental dynamics are analyzed to understand their impact on demand over the forecast period. Macroeconomic indicators such as prices, income and demographic changes, demand changes, etc. are considered in estimating market size. We also provide an in-depth profile of the key players and discuss their market shares in the global market to derive the market value. In addition, we have an internal database that is regularly updated with key insights and press releases from key stakeholders in the relevant market.
The data is generally gathered in various arrangements such as charts, graphs, infographics, trends, documents and records from various manufacturers and retailers. Our analyst gather, collect, and interpret such data to form significant databases. Our team then works with large data volumes to analyze core developments, evaluate market estimations, and identify trends.
The market research includes historical and forecast data from like demand, application details, price trends, and company shares by geography, especially focuses on the key regions like United States, European Union, China, and other regions.
Research Objectives
1.To study and analyze the global Production Chokes consumption (value) by key regions/countries, product type and application, history data from 2018 to 2022, and forecast to 2028.
2.To understand the structure of Production Chokes market by identifying its various subsegments.
3.Focuses on the key global Production Chokes manufacturers, to define, describe and analyze the value, market share, market competition landscape, Porter's five forces analysis, SWOT analysis and development plans in next few years.
4.To analyze the Production Chokes with respect to individual growth trends, future prospects, and their contribution to the total market.
5.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
6.To project the consumption of Production Chokes submarkets, with respect to key regions (along with their respective key countries).
7.To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
8.To strategically profile the key players and comprehensively analyze their growth strategies.
Global Production Chokes Market Research Report 2023, Forecast to 2028
1 Market Study Overview
1.1 Study Objectives
1.2 Production Chokes Introduce
1.3 Combined with the Analysis of Macroeconomic Indicators
1.4 Brief Description of Research methods
1.5 Market Breakdown and Data Triangulation
2 Global Trend Summary
2.1 Production Chokes Segment by Type
2.1.1 Fixed Chokes
2.1.2 Adjustable Chokes
2.2 Market Analysis by Application
2.2.1 Onshore
2.2.2 Offshore
2.3 Global Production Chokes Market Comparison by Regions (2018-2028)
2.3.1 Global Production Chokes Market Size (2018-2028)
2.3.2 North America Production Chokes Status and Prospect (2018-2028)
2.3.3 Europe Production Chokes Status and Prospect (2018-2028)
2.3.4 China Production Chokes Status and Prospect (2018-2028)
2.3.5 Japan Production Chokes Status and Prospect (2018-2028)
2.3.6 Southeast Asia Production Chokes Status and Prospect (2018-2028)
2.4 Basic Product Information
2.4.1 Basic Product Information & Technology Development History
2.4.2 Product Manufacturing Process
2.4.3 Interview with Major Market Participants
2.4.4 High-end Market Analysis and Forecast
2.5 Coronavirus Disease 2020 (Covid-19): Production Chokes Industry Impact
2.5.1 Production Chokes Business Impact Assessment - Covid-19
2.5.2 Market Trends and Production Chokes Potential Opportunities in the COVID-19 Landscape
2.5.3 Measures / Proposal against Covid-19
3 Competition by Manufacturer
3.1 Global Production Chokes Sales and Market Share by Manufacturer (2018-2023)
3.2 Global Production Chokes Revenue and Market Share by Manufacturer (2018-2023)
3.3 Global Production Chokes Industry Concentration Ratio (CR5 and HHI)
3.4 Top 5 Production Chokes Manufacturer Market Share
3.5 Top 10 Production Chokes Manufacturer Market Share
3.6 Date of Key Manufacturers Enter into Production Chokes Market
3.7 Key Manufacturers Production Chokes Key Manufacturers
3.8 Mergers & Acquisitions Planning
4 Analysis of Production Chokes Industry Key Manufacturers
4.1 BHGE
4.1.1 Compan Detail
4.1.2 BHGE Production Chokes Product Introduction, Application and Specification
4.1.3 BHGE 133 Sales, Price, Cost, Gross Margin, and Revenue (2018-2023)
4.1.4 Main Business Overview
4.1.5 BHGE News
4.2 Schlumberger
4.2.1 Compan Detail
4.2.2 Schlumberger Production Chokes Product Introduction, Application and Specification
4.2.3 Schlumberger Production Chokes Sales, Price, Cost, Gross Margin, and Revenue (2018-2023)
4.2.4 Main Business Overview
4.2.5 BHGE News
4.3 Halliburton
4.3.1 Compan Detail
4.3.2 Halliburton Production Chokes Product Introduction, Application and Specification
4.3.3 Halliburton Production Chokes Sales, Price, Cost, Gross Margin, and Revenue (2018-2023)
4.3.4 Main Business Overview
4.3.5 Halliburton News
4.4 National Oilwell Varco
4.4.1 Compan Detail
4.4.2 National Oilwell Varco Production Chokes Product Introduction, Application and Specification
4.4.3 National Oilwell Varco Production Chokes Sales, Price, Cost, Gross Margin, and Revenue (2018-2023)
4.4.4 Main Business Overview
4.4.5 National Oilwell Varco News
4.5 Weatherford International
4.5.1 Compan Detail
4.5.2 National Oilwell Varco Production Chokes Product Introduction, Application and Specification
4.5.3 Weatherford International Production Chokes Sales, Price, Cost, Gross Margin, and Revenue (2018-2023)
4.5.4 Main Business Overview
4.5.5 Weatherford International News
4.6 Cortec Corporation
4.6.1 Compan Detail
4.6.2 Cortec Corporation Production Chokes Product Introduction, Application and Specification
4.6.3 Cortec Corporation Production Chokes Sales, Price, Cost, Gross Margin, and Revenue (2018-2023)
4.6.4 Main Business Overview
4.6.5 Cortec Corporation News
4.7 Lancaster Flow Automation
4.7.1 Compan Detail
4.7.2 Lancaster Flow Automation Production Chokes Product Introduction, Application and Specification
4.7.3 Lancaster Flow Automation Production Chokes Sales, Price, Cost, Gross Margin, and Revenue (2018-2023)
4.7.4 Main Business Overview
4.7.4 Main Business Overview
5 Global Production Chokes Market Segment by Big Type
5.1 Global Production Chokes Revenue, Sales and Market Share by Big Type (2018-2023)
5.1.1 Global Production Chokes Sales and Market Share by Big Type (2018-2023)
5.1.2 Global Production Chokes Revenue and Market Share by Big Type (2018-2023)
5.2 Fixed Chokes Sales Growth Rate and Price
5.2.1 Global Fixed Chokes Sales Growth Rate (2018-2023)
5.2.2 Global Fixed Chokes Price (2018-2023)
5.3 Adjustable Chokes Sales Growth Rate and Price
5.3.1 Global Adjustable Chokes Sales Growth Rate (2018-2023)
5.3.2 Global Adjustable Chokes Price (2018-2023)
6 Global Production Chokes Market Segment by Big Application
6.1 Global Production Chokes Sales Market Share by Big Application (2018-2023)
6.2 Onshore Sales Growth Rate (2018-2023)
6.3 Offshore Sales Growth Rate (2018-2023)
7 Global Production Chokes Forecast
7.1 Global Production Chokes Revenue, Sales and Growth Rate (2023-2028)
7.2 Production Chokes Market Forecast by Regions (2023-2028)
7.2.1 North America Production Chokes Market Forecast (2023-2028)
7.2.2 Europe Production Chokes Market Forecast (2023-2028)
7.2.3 China Production Chokes Market Forecast (2023-2028)
7.2.4 Japan Production Chokes Market Forecast (2023-2028)
7.2.5 Southeast Asia Production Chokes Market Forecast (2023-2028)
7.2.6 Other Regions Production Chokes Market Forecast (2023-2028)
7.3 Production Chokes Market Forecast by Type (2023-2028)
7.3.1 Global Production Chokes Sales Forecast by Type (2023-2028)
7.3.2 Global Production Chokes Market Share Forecast by Type (2023-2028)
7.4 Production Chokes Market Forecast by Application (2023-2028)
7.4.1 Global Production Chokes Sales Forecast by Application (2023-2028)
7.4.2 Global Production Chokes Market Share Forecast by Application (2023-2028)
8 Market Analysis
8.1.1 Market Overview
8.1.2 Market Opportunities
8.1.3 Market Risk
8.1.4 Market Driving Force
8.1.5 Porter's Five Forces Analysis
8.1.6 SWOT Analysis
9 Production Chokes Related Market Analysis
9.1 Upstream Analysis
9.1.1 Macro Analysis of Upstream Markets
9.1.2 Key Players in Upstream Markets
9.1.3 Upstream Market Trend Analysis
9.1.4 Production Chokes Manufacturing Cost Analysis
9.2 Downstream Market Analysis
9.2.1 Macro Analysis of Down Markets
9.2.2 Key Players in Down Markets
9.2.3 Downstream Market Trend Analysis
9.2.4 Sales Channel, Distributors, Traders and Dealers
10 Research Findings and Conclusion
Tables & Figures:
List of Tables and Figures
Figure Product Picture Production Chokes
Figure Market Concentration Ratio and Market Maturity Analysis of Production Chokes
Figure Bottom-up and Top-down Approaches for This Report
Figure Part of Our External Database
Figure Part of Our External Database
Figure Key Executives Interviewed
Table Global Production Chokes Market Size by Big Type
Figure Global Market Share of Production Chokes by Big Type in 2022
Figure Fixed Chokes Picture (2018-2023)
Global Production Chokes Market Size by Big Application
Table Global Production Chokes Market Size by Application
Figure Global Production Chokes Market Share by Big Application in 2022
Figure Onshore Picture
Figure Offshore Picture
Table Global Production Chokes Comparison by Regions (M USD) （2018-2028）
Figure Global Production Chokes Market Size (Million US$) (2018-2028)
Figure North America Production Chokes Revenue (Million US$) Growth Rate (2018-2028)
Figure Europe Production Chokes Revenue (Million US$) Growth Rate (2018-2028)
Figure China Production Chokes Revenue (Million US$) Growth Rate (2018-2028)
Figure Japan Production Chokes Revenue (Million US$) Growth Rate (2018-2028)
Figure Southeast Asia Production Chokes Revenue (Million US$) Growth Rate (2018-2028)
Table Business Impact Assessment - Covid-19
Table Market Trends and Production Chokes Potential Opportunities in the COVID-19 Landscape
Table Measures / Proposal against Covid-19
Table Global Production Chokes Sales by Manufacturer (2018-2023)
Figure Global Production Chokes Sales Market Share by Manufacturer in 2022
Table Global Production Chokes Revenue by Manufacturer (2018-2023)
Figure Global Production Chokes Revenue Market Share by Manufacturer in 2022
Table Global Production Chokes Manufacturers Market Concentration Ratio (CR5 and HHI)
Figure Top 5 Production Chokes Manufacturer (Revenue) Market Share in 2022
Figure Top 10 Production Chokes Manufacturer (Revenue) Market Share in 2022
Table Date of Key Manufacturers Enter into Production Chokes Market
Table Key Manufacturers Production Chokes Product Type
Table Mergers & Acquisitions Planning
Table BHGE Company Profile
Table Production Chokes Product Introduction, Application and Specification of BHGE
Table Production Chokes Sales (K Unit), Price (USD/Unit), Revenue (M USD) and Gross Margin of Company One 2018-2023
Table Company One Main Business
Table Company One Recent Development
Table Schlumberger Company Profile
Table Production Chokes Product Introduction, Application and Specification of Schlumberger
Table Production Chokes Sales (K Unit), Price (USD/Unit), Revenue (M USD) and Gross Margin of Company Two 2018-2023
Table Schlumberger Recent Development
Table Halliburton Company Profile
Table Production Chokes Product Introduction, Application and Specification of Halliburton
Table Production Chokes Sales (K Unit), Price (USD/Unit), Revenue (M USD) and Gross Margin of Company Two 2018-2023
Table Halliburton Main Business
Table Halliburton Recent Development
Table National Oilwell Varco Company Profile
Table Production Chokes Product Introduction, Application and Specification of National Oilwell Varco
Table Production Chokes Sales (K Unit), Price (USD/Unit), Revenue (M USD) and Gross Margin of Company Two 2018-2023
Table National Oilwell Varco Main Business
Table National Oilwell Varco Recent Development
Table National Oilwell Varco Main Business
Table National Oilwell Varco Recent Development
Table Weatherford International Company Profile
Table Production Chokes Product Introduction, Application and Specification of Weatherford International
Table Production Chokes Sales (K Unit), Price (USD/Unit), Revenue (M USD) and Gross Margin of Company Two 2018-2023
Table Weatherford International Main Business
Table Weatherford International Recent Development
Table Cortec Corporation Company Profile
Table Production Chokes Product Introduction, Application and Specification of Cortec Corporation
Table Production Chokes Sales (K Unit), Price (USD/Unit), Revenue (M USD) and Gross Margin of Company Two 2018-2023
Table Cortec Corporation Main Business
Table Cortec Corporation Recent Development
Table Lancaster Flow Automation Company Profile
Table Production Chokes Product Introduction, Application and Specification of Lancaster Flow Automation
Table Production Chokes Sales (K Unit), Price (USD/Unit), Revenue (M USD) and Gross Margin of Company Two 2018-2023
Table Lancaster Flow Automation Main Business
Table Lancaster Flow Automation Recent Development
Figure Global Production Chokes Sales and Growth Rate (2018-2023)
Figure Global Production Chokes Revenue and Growth Rate (2018-2023)
Table Global Production Chokes Sales by Regions (2018-2023)
Figure Global Production Chokes Sales Market Share by Regions in 2022
Table Global Production Chokes Revenue by Regions (2018-2023)
Figure Global Production Chokes Revenue Market Share by Regions in 2022
Figure North America Production Chokes Sales and Growth Rate (2018-2023)
Figure Europe Production Chokes Sales and Growth Rate (2018-2023)
Figure China Production Chokes Sales and Growth Rate (2018-2023)
Figure Japan Production Chokes Sales and Growth Rate (2018-2023)
Figure Southeast Asia Production Chokes Sales and Growth Rate (2018-2023)
Figure Other Regions Production Chokes Sales and Growth Rate (2018-2023)
Table Global Production Chokes Sales by Big Type (2018-2023)
Table Global Production Chokes Sales Market Share by Big Type (2018-2023)
Figure Global Production Chokes Sales Market Share by Big Type in 2020
Table Global Production Chokes Revenue by Big Type (2018-2023)
Table Global Production Chokes Revenue Market Share by Big Type (2018-2023)
Table Global Production Chokes Revenue Market Share by Big Type in 2020
Figure Global Fixed Chokes Sales Growth Rate (2018-2023)
Figure Global Fixed Chokes Price (2018-2023)
Figure Global Adjustable Chokes Sales Growth Rate (2018-2023)
Table Global Production Chokes Sales by Big Application (2018-2023)
Table Global Production Chokes Sales Market Share by Big Application (2018-2023)
Figure Global Production Chokes Sales Market Share by Big Application in 2020
Figure Global Onshore Sales Growth Rate (2018-2023)
Figure Global Offshore Sales Growth Rate (2018-2023)
Figure Global Production Chokes Sales and Growth Rate (2023-2028)
Figure Global Production Chokes Revenue and Growth Rate (2023-2028)
Table Global Production Chokes Sales Forecast by Regions (2023-2028)
Table Global Production Chokes Market Share Forecast by Regions (2023-2028)
Figure North America Sales Production Chokes Market Forecast (2023-2028)
Figure Europe Sales Production Chokes Market Forecast (2023-2028)
Figure China Sales Production Chokes Market Forecast (2023-2028)
Figure Japan Sales Production Chokes Market Forecast (2023-2028)
Figure Southeast Asia Sales Production Chokes Market Forecast (2023-2028)
Figure Other Regions Sales Production Chokes Market Forecast (2023-2028)
Table Global Production Chokes Sales Forecast by Type (2023-2028)
Table Global Production Chokes Market Share Forecast by Type (2023-2028)
Table Global Production Chokes Sales Forecast by Application (2023-2028)
Table Global Production Chokes Market Share Forecast by Application (2023-2028)
Table Market Opportunities in Next Few Years
Table Market Risks Analysis
Table Market Drivers
Figure Porter's Five Forces Analysis
Table Macro Analysis of Upstream Markets
Table Key Players in Upstream Markets
Table Key Players of Upstream Markets
Table Key Raw Materials
Figure Price Trend of Key Raw Materials
Table Key Suppliers of Raw Materials
Figure Manufacturing Cost Structure of Production Chokes
Table Macro Analysis of Down Markets
Table Key Players in Down Markets
Table Key Players of Downstream Markets
Figure Sales Channel
Figure North America Production Chokes Sales (K Units) Growth Rate Forecast (2022-2026)
Figure North America Production Chokes Revenue (Million US$) Growth Rate Forecast (2022-2026)
Figure Europe Production Chokes Sales (K Units) Growth Rate Forecast (2022-2026)
Figure Europe Production Chokes Revenue (Million US$) Growth Rate Forecast (2022-2026)
Figure Japan Production Chokes Production (K Units) Growth Rate Forecast (2022-2026)
Figure Japan Production Chokes Revenue (Million US$) Growth Rate Forecast (2022-2026)
Figure China Production Chokes Production (K Units) Growth Rate Forecast (2022-2026)
Figure China Production Chokes Revenue (Million US$) Growth Rate Forecast (2022-2026)
Figure Methodology/Research Approach
Figure Market Size Estimation
Figure Author List
Research Methodology:
Production Chokes Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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