DUBLIN, July 20, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/6bjgdk/global_subsea) has announced the addition of the "Global Subsea Well Access Market 2015-2019" report to their offering.
The global subsea well access market to grow at a CAGR of 5.9% over the period 2014-2019
Subsea well access is an equipment used to ensure that subsea drilling and intervention activities are carried out efficiently. It is used to ensure the safe and reliable production from the field as the operators face increasing need for enhanced recovery rates and to extend exploration activities into the deeper and harsher territories.
Technological innovations not only increase the production capacity of the wells but also help in maintaining the ecology of the excavation area. The key vendors of the global well intervention services market have been investing heavily in their R&D to develop their process innovation. Riserless light-well intervention technique has been a great innovation in recent years and promises to change the market dynamics considerably during the forecast period.
According to the report, the global oil and gas consumption has seen a marked increase worldwide. The shift in focus toward offshore production favors market growth because of increased requirements for well interventions.
Further, the report states that the capital-intensive nature of the subsea well access equipment because of high technical expertise and complex procedures hinders the market growth.
The market can be segmented into two based on product type:
- Riserless well access systems
- Aker Solutions
- Cameron International
- FMC Technologies
- National Oilwell Varco
- Weatherford International Limited
Other prominent vendors
- Rongsheng Machinery Manufacture
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Market Landscape
- Market Segmentation by Product Type
- Geographical Segmentation
- Key Leading Countries
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/6bjgdk/global_subsea
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SOURCE Research and Markets