Analysis of the Global Industrial Valves Market in the Subsea Oil and Gas Industry
NEW YORK, March 3, 2016 /PRNewswire/ -- Analysis of the Global Industrial Valves Market in the Subsea Oil and Gas Industry : The Flux in Crude Oil Prices and Subsequent Impact on the Subsea Valves Market
This study provides an analysis of the industrial valves in the global subsea oil and gas market. Market drivers and restraints have been provided for the forecast period, which lasts till 2020, with 2015 as the base year. The revenue and market share have been discussed with regard to the type of valve (includes isolation valves, control valves, and other valves) as well as actuators. The subsea oil and gas industry has been analyzed in detail. A detailed regional breakdown covering the Americas, Europe, the Middle East and Africa (MEA), and Asia-Pacific (APAC) has been provided with revenue forecasts for both product type and regions. Trends by technology and pricing have also been discussed.
Key Questions
Is the subsea valves market growing, how long will it continue to grow, and at what rate?
What are the qualitative and quantitative trends in the oil and gas industry affecting the subsea valves market during the forecast period ?
What are the current market dynamics and their resulting influence during the forecast period?
Who are the key market participates and what is their competitive share analysis?
Are the products offered today meeting customer needs or is additional development needed?
Are the vendors in the space ready to go it alone, or do they need partnerships to take their businesses to the next level?
Key Findings
The total market size of the global industrial valves in the subsea oil and gas application is estimated to be $ Million in 2015, with CAGR between 2015 to 2020 forecasted to be %.
The recent fall in the global oil and gas prices has a strong adverse affect on the market with a majority of the planned greenfield subsea extraction programs being deferred indeterminately in 2015.
The recent fall in investments in the global subsea industry has led to a drive towards extensive research for technological innovations to reduce both the capital and operational expenditure involved.
The competitive market space is highly concentrated with the top market share holders controlling more than % of the market.
System integrators and Engineering Procurement Commissioning Installation (EPCI) firms are the major entity in the supply chain, controlling a majority of the sales of new products. This is due to the nature of the commodity, which is sold as a part of a solution and not individually.
The shores of Latin America, West Africa, and Australia are the major regions. Most of the growth in this region is expected during the forecast period.
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