Global subsea systems market is
predicted to grow at a steady pace over the course of next five years. The
growth of the market for subsea systems is majorly attributable to the high
energy demand coupled with continuous conventional onshore petroleum reserves
depletion. Moreover, recovery of oil prices in the last few years is further
leading to growth of subsea systems market, globally. Additionally, exploration
and manufacturing companies are investing greatly in offshore development
projects, which is further anticipated to bolster growth of the market during
forecast period.
In terms of type, global subsea
systems market is categorized into subsea processing system and subsea
production system, of which the former is anticipated to grow at a healthy pace
throughout the forecast period. The growth of this category is majorly attributable
to the need for improving recovery rates in shallow water fields, particularly
across the North Sea.
On the basis of regions, global subsea
systems market is categorized into Europe, Asia-Pacific, North America, South
America and Middle East & Africa. Of all, Middle East & Africa subsea
systems market is anticipated to witness the fastest growth during forecast
period on account of rising investments in major oil producing countries in the
region, specially the African region.
Players in global subsea systems
market are focusing on winning large number of contracts & agreements to
increase their market size and strengthen their market foothold in the regional
markets. Major players operating in global subsea systems market are Subsea 7
SA, Technip, FMC Technologies, GE Oil & Gas, Aker Solutions, Dril-Quip
Inc., National Oilwell Varco, Oceaneering International Inc., among others.
Years
considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024
Objective of the Study:
- To analyze and forecast global subsea systems market size.
- To forecast global subsea
systems market based on type, subsea production component, subsea
processing technology and regional distribution.
- To identify drivers and challenges for global subsea systems
market.
- To examine competitive developments such as expansions, new product
launches, mergers & acquisitions, etc. in global subsea systems
market.
- To conduct pricing analysis for global subsea systems market.
- To identify and analyze the profile of leading players operating in
global subsea systems market.
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Some of the leading players in global subsea systems market
are Subsea 7 SA, Technip, FMC Technologies, GE Oil &
Gas, Aker Solutions, Dril-Quip Inc., National Oilwell Varco, Oceaneering
International, Inc., Kongsberg Gruppen, Nexans SA, Parker Hannifin
Corporation, Vallourec, Onesubsea, Twister BV, Proserv Group Inc., etc.
TechSci Research performed both primary
as well as exhaustive secondary research for this study. Initially, TechSci
Research sourced a list of subsea system developers across the globe.
Subsequently, TechSci Research conducted primary research surveys with the
identified companies. While interviewing, the respondents were also enquired
about their competitors. Through this technique, TechSci Research was able to include
the developers which could not be identified due to the limitations of
secondary research. TechSci Research analyzed the product offerings and
presence of all major subsea system developers across the globe.
TechSci
Research calculated global subsea systems market size
using a top down approach, wherein data for various application across various end-user segments
was recorded and forecast for the future years. TechSci Research sourced these values
from the industry experts and company representatives and externally validated
through analyzing historical data of these product types and applications for
getting an appropriate, overall market size. Various secondary sources such as
company websites, news articles, press releases, company annual reports,
investor presentations and financial reports were also studied by TechSci
Research.
Key Target
Audience:
- Subsea
system developers
- Subsea
system end-user industries
- Organizations,
forums and alliances related to subsea systems market
- Market
research and consulting firms
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as developers, partners
and end users. The study would also help them in identifying which market
segments should be targeted over the coming years in order to strategize
investments and capitalize on growth of the market.
Report Scope:
In this report, global subsea systems market has
been segmented into following categories, in addition to the industry trends
which have also been detailed below:
- Market, By Type:
- Subsea Production System
- Subsea Processing System
- Market, By Subsea
Production Component:
- SURF (Subsea Umbilicals, Risers,
Flowlines)
- Subsea Trees
- Subsea Control System
- Subsea Manifolds
- Market, By
Subsea Processing Technology:
- Subsea Boosting System
- Subsea Separation System
- Subsea Injection System
- Subsea Compression System
- Market, by Region:
- Asia-Pacific
- China
- India
- Malaysia
- Australia
- Indonesia
- Japan
- Europe & CIS
- United Kingdom
- Russia
- Italy
- Norway
- Germany
- North America
- United States
- Mexico
- Canada
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- Iraq
- Saudi Arabia
- Iran
- Algeria
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in global subsea systems market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
Profit
Margin Analysis
- Profit margin analysis in case of direct and indirect sales
channel.
In case you don’t find what you are
looking for, please get in touch with our custom research team at sales@techsciresearch.com
It is an upcoming report to
be released soon. If you wish an early delivery of this report or want to
confirm the date of release, please contact us at sales@techsciresearch.com