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Global Subsea Systems Market

  • Published Date: 06 Apr 2018
  • Number of Pages: 193
  • Category: Industrial
  • Country: Global
Subsea systems are fully submerged equipment used for offshore drilling of oil reserves. On account of rapid depletion of onshore oil reserves the demand for extracting oil from deep sea wells is rising. The subsea systems consist of mainly two components which are subsea production systems and subsea processing system. The subsea production system is used for reduction of cost while subsea processing system enhances the offshore oil recovery process from mature wells.

End User/ Technology

Subsea systems are used to extract oil and gas from offshore reserves. The oil extraction can range from single well to a cluster of interconnected wells. The extracted oil is then transferred to a fixed platform or FPSO (Floating Production Storage and Offloading). Based on oil extraction techniques the subsea production system can be segregated into two parts shallow water extracting systems (i.e jack-up drilling rigs, fixed offshore structure etc.) and deep water extracting systems (i.e floating drilling vessels, floating platforms, and remotely operated underwater vehicles). This is a specialized field which requires high engineering acumen and skills in simulation techniques. Modern data-driven technology is used for virtual testing of underwater equipment to detect faults at an earlier stage for various conditions under which the system is likely to operate.

Market Dynamics

Rising energy demand and depleting onshore oil reserves are driving the need for offshore oil extraction. The continuous technological development is helping to reduce the extraction cost and to enhance the oil recovery process. Favourable regulatory norms and massive investment from industrial giants are ensuring the growth of the requirement of subsea equipment. On the other hand, hard operating condition and strict environmental regulations are the main challenges for the industry.

Market Segments

Subsea systems market is mainly divided into two parts- subsea production systems and subsea processing systems. The subsea production system is further subdivided into Subsea Umbilical RIsers, Flowlines (SURF), manifolds, trees, multiphase pumps, and control system while subsea processing system market is consisting of subsea boosting system, subsea operation system, subsea injection system and subsea compression system. By market size the largest component is SURF.

Regional/Geographic Analysis

The subsea systems market can be regionally segmented into five parts Europe (France, Germany, Italy, Spain, and U.K.) North America (US, Canada, Mexico), South America (i.e Brazil, Argentina), Asia Pacific (China, Japan, India and Australia) and Middle East & Africa. Europe is the current market leader. The growth in the European market is due to large offshore reserves in Norway and U.K. Technological advancement, massive capital investment, favorable govt. policies and increasing demand ensure the growth in European countries. Emerging economies like Africa is showing good prospects for the subsea systems market on account of oil discovery in deep seas.

Opportunities

Continous demand for energy, depletion of onshore oil reserves, technological advancement and favorable Govt. support for offshore oil extraction are creating lots of opportunities in the subsea systems market. Increasing capital expenditures in the countries like India, China, Nigeria, Ghana, and Angola explains promising market growth opportunities in near future.

Key Players

Some of the major players in the market include Schlumberger Ltd., Aker Solutions, GE Energy, FMC Technologies, Baker Hughes Inc, Transocean, and Technip.

Report Contents:

> Market segments
> Market Drivers, Restraints and Opportunities
> Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Market - Current Trends
> Competition & Major Companies
> Technology and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada


> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America


> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Western Europe


> Eastern Europe

>> Russia
>> Poland
>> Rest of Eastern Europe


> Asia Pacific

>> China
>> India
>> Japan
>> Australia and New Zealand
>> Rest of Asia Pacific


> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
>> South Africa
>> North Africa
>> Rest of Middle East and Africa



This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in Market and impact
> Research Status and Technology Overview
> Extensive Industry Structure Coverage

Publisher Name : Market Litmus
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