Choke and Kill Manifold Market Size, Share, and Industry Analysis, By Commodity (Oil and Gas), By Application (Onshore and Offshore), and Regional Forecast, 2025-2032

The global choke and kill manifold market is anticipated to expand as it is a crucial system used in drilling operations to control well kicks and manage well pressure. The choke manifold regulates downhole pressure by opening and closing valves and is employed during well kicks to circulate drilling mud when blowout preventers are closed. It is also useful for pressure control during kicks and well-clean-up or blow-off operations. On the other hand, the kill manifold pumps heavy slurry into the well to restore pressure balance, particularly during emergencies such as well kicks or blowouts. Together, these manifolds ensure safety and effective pressure management during drilling.

Choke and Kill Manifold Market Driver

Ongoing Discovery of Additional Oil & Gas Wells to Lead the Market Growth

The ongoing discovery of additional oil and gas wells drives the growth of the choke and kill manifold market. As exploration activities increase globally, the demand for equipment that ensures safety and well pressure control, such as choke and kill manifolds, is rising.

• In August 2024, India's ONGC (Oil & Natural Gas Corporation) announced five new oil and gas discoveries in its exploration efforts for FY 2025. Since May 2024, ONGC has made three additional finds: one onshore and two offshore. Two are considered prospective (one onshore and one offshore) and one is a new pool discovery onshore.

Choke and Kill Manifold Market Restraint

Penetration of Renewable Energy to Limit the Choke and Kill Manifold Demand

With the transition of global energy toward cleaner and more sustainable energy sources, the focus on oil and gas exploration is gradually shifting. With investments increasingly directed toward renewable energy projects such as solar, wind, and hydrogen, traditional oil and gas equipment demand may slow down, including choke and kill manifolds.

• In November 2023, at the COP28 climate conference in Dubai, over 130 governments, including the EU, agreed to collaborate on tripling global renewable energy capacity to at least 11,000 GW by 2030.

Choke and Kill Manifold Market Opportunity

Technological Advancement in the Oil & Gas Drilling to Positively Influence the Market Growth

Technological advancements play a significant role in enhancing the performance and efficiency of choke and kill manifolds. Modern innovations have improved these systems' reliability, automation, and precision, making them more effective in controlling well pressure and preventing blowouts during drilling operations.

Segmentation

Key Insights

The report covers the following key insights:

• Key Emerging Trends – For Major Countries
• Latest Technological Advancement
• Insight on Regulatory Landscape
• Porters Five Forces Analysis
• Impact of COVID-19 on the market 

Analysis by Commodity

Based on commodity, the market is divided into oil and gas.

The oil segment holds the dominating share in the market as it involves more complex and high-pressure scenarios, necessitating reliable choke and kill systems for effective pressure management and blowout prevention. Many drilling operations focus on oil extraction, especially in regions where oil reserves are more abundant, leading to a higher demand for choke and kill manifolds in these operations.

Analysis by Application

Based on application, the market is bifurcated into onshore and offshore.

Offshore applications holds a significant share due to the increasing complexity and scale of offshore drilling projects. Technological advancements that enable the management of high pressures and depths, significant investments in deep-water and ultra-deepwater exploration, and stringent safety regulations necessitate reliable pressure management systems in the offshore sector.

Regional Analysis

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Based on region, the market is segmented into North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America.

North America holds the largest market share due to extensive oil and gas exploration activities in the U.S. shale regions and offshore projects in the Gulf of Mexico. In addition, the robust investments in drilling technologies that enhance operational efficiency and safety are also playing a key role in the regional market growth.

• In April 2024, the Who Dat East exploration/appraisal well began drilling operations offshore in the U.S. Gulf of Mexico at a depth of around 1,300 meters. Located about 27 kilometers east of the Who Dat Floating Production System (FPS), this well aims to assess an existing discovery and explore additional prospective targets.

The Asia Pacific region is projected to grow at the fastest pace due to increasing drilling activities in China, India, and Australia. The rise of offshore projects, particularly in Southeast Asia, contributes to the demand for choking and killing manifolds. In addition, due to the depletion of oil & gas reserves at a significant rate, the government of the nations is focusing on the discovery of additional oil & gas reserves for sustainability.

• In May 2024, Mubadala Energy, based in Abu Dhabi, announced a major gas discovery in Indonesia. The Tangkulo-1 Exploration well, located about 65 kilometers off the coast of North Sumatra, reached a depth of 3,400 meters in 1,200 meters of water. It found an 80-meter gas column in high-quality Oligocene sandstone. This is Mubadala Energy's second deep-water well in the region, following the Layaran-1 discovery made a few months earlier.

Furthermore, various initiatives and investments are being made in other regions, such as Europe, the Middle East & Africa and Latin America, positively impacting the global choke and kill manifold market.

Key Players Covered

The global choke and kill manifold market is fragmented, with many group and standalone providers.

The report includes the profiles of the following key players:

• Slb (U.S.)
• AXON Pressure Products (U.S.)
• SRI Energy, Inc. (U.S.)
• TechnipFMC (U.K.)
• National Oilwell Varco (U.S.)
• UZTEL S.A. (Romania)
• Lake Petro (China)
• Worldwide Oilfield Machine (U.S.)
• Forum Energy Technologies Inc. (U.S.)

Key Industry Developments

• In March 2023, CORTEC successfully field-tested its new NX1 hydraulic choke, designed for remote operation. The NX1 offers increased service life during harsh flow-back operations and is easy for end users to service in the field. This compact, two-inch 1502 model controls pressure and flow rates in drilling applications. Its lightweight design allows easy integration into existing manifolds, with options for union or flanged end connections.
• In September 2021, SPM Oil & Gas introduced the KOP AM20 Series Gate Valves, designed to reduce non-productive time (NPT) and lower the risk of well loss while cutting inventory costs. These valves manage flow in the wellhead and tree systems and choke and kill manifolds across the drilling, completion, pumping, and production stages. They provide a gas-tight seal at pressures from 10,000 to 50 psi, with an advanced coating that enhances wear resistance and corrosion protection and reduces operating torque.