Subsea Systems Market by Subsea Production Technology, by Subsea Processing Technology, & by Region - Global Trends & Forecast to 2020
LONDON, Feb. 23, 2016 /PRNewswire/ -- Subsea systems are the ideal solutions for enhanced oil recovery in matured offshore wells. These solutions are cost effective, and increase the reliability of offshore basins. Increasing deep water drilling activities across the globe is the major driver for the subsea systems market. Increasing oil discoveries in emerging economies such as Asia and Africa are other major drivers to this market. The growth in emerging economies is attributed to increasing E&P capital expenditures in the countries such as, China, India, Nigeria, Angola, Ghana, and Equatorial Guinea. Kenya, Tanzania, and Mozambique also provide exciting market opportunities for oil operators in the near future.
Arctic discoveries provide attractive opportunities for market players. Majority of Arctic discoveries are in offshore which further provide positive contribution to the subsea system market. Mexican oil and gas liberalization is another opportunity for the global market players to capitalize on. Mexico is the third largest oil producer in North America after U.S. and Canada.
Active players in subsea systems market through recent developments and other strategic market moves include FMC Technologies (U.S.), GE Oil & Gas (U.S.), Aker Solutions (Norway), One Subsea (U.S.), and Kongsberg Oil & Gas Technologies (Norway).
Europe leads the subsea systems market with largest estimated market share in 2015 and is projected to continue its dominance till 2020. This growth can be attributed to the offshore reserves in Norway and U.K. Major reforms by both the governments for increasing oil production would provide decent growth for subsea systems market. Majority of subsea compression system projects are in pipeline in the North Sea which would subsequently contribute to the growth of subsea systems market in the region.
Subsea systems market report also includes Porter's Five Force model, value chain analysis. In addition, the report also focuses on the competitive landscape for major market players. Key developments have been mapped against the market players involved to determine the growth strategies implemented by key players within the segment. The report presents a comprehensive study of major market drivers, restraints, opportunities, and challenges to understand and evaluate the market.
Scope of the report:
The global subsea systems market is analyzed in terms of revenue (USD million) for the following segments:
By Subsea Production Technology
- SURF (Subsea Umbilicals Risers Flowlines)
- Subsea Trees
- Subsea Control System
- Subsea manifolds
By Subsea Processing Technology
- Subsea Boosting System
- Subsea Separation System
- Subsea Injection System
- Subsea Compression System
By Region
- North America
- Europe
- Asia-Pacific
- Middle East
- South America
- Africa
The report caters to:
- Subsea production & processing system manufacturers, dealers, and suppliers
- Consulting companies from the oil & gas sector
- Government and research organizations
- Offshore operators
- Investment banks
The report also offers the following paid customizations:
- Detailed analysis and profiling of additional market players (Up to 5).
- Regional analysis of the market for country specific information
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