Category

Subsea Systems Market Size, Share, Opportunities, And Trends By Technology (Subsea Production System, Subsea Processing System), And Geography - Forecasts From 2019 To 2025

Published: Mar 2020 | Report Code:  KSI061610478 | Pages:  114

The subsea systems market is expected to grow at a CAGR of 1.67%, increasing from US$14.524 billion in 2019 to US$16.045 billion in 2025. Subsea systems are located on the seabed in shallow or deep water to enhance the oil recovery process by offering cost-effective solutions and helping in maintaining the stability of offshore basins. Growing focus on deep sea drilling is increasing the demand for subsea systems across the globe. Increasing demand for oil and gas products on account of rapidly growing urbanization and industrialization will improve the rate of exploration and production activities. A favourable environment for oil and gas extraction along with rising investments streaming into this industry will continue to fuel the demand for subsea systems. The Middle East and Africa and North America hold a significant share in the global subsea systems market on account of continuing exploration and production activities in these regions.

This research study examines the current market trends related to the demand, supply, and sales, in addition to the SWOT Analysis. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.

Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the pressure sensors value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.

Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the market.

Major industry players profiled as part of the report are Aker Solutions, GE Oil and Gas, FMC Technologies, Inc., Parker Hannifin Corporation, Oceaneering International, Inc., and National Oilwell Varco among others.

Segmentation

The subsea systems market has been analyzed through following segments:

By Technology

Subsea Production System

Subsea Drilling System

Subsea Manifolds and Jumper Systems

Subsea Christmas Trees and Wellhead Systems

Control Systems

Others

 

Subsea Processing System

Separators

Boosters

Others

 

By Geography

North America

U.S.

Canada

Others

 

South America

Brazil

Others

 

Europe

Norway

Russia

United Kingdom

Others

 

Middle East and Africa

Saudi Arabia

Iraq

United Arab Emirates

Others

 

Asia Pacific

China

India

Indonesia

Malaysia

Others


Frequently Asked Questions (FAQs)

Q1. What will be the subsea systems market size by 2025?
A1. The subsea systems market is expected to reach a market size of US$16.045 billion by 2025.
 
Q2. What is the size of subsea systems market?
A2. Subsea Systems market was valued at US$14.524 billion in 2019.
 
Q3. What are the growth prospects for subsea systems market?
A3. The subsea systems market is expected to grow at a CAGR of 1.67% over the forecast period.
 
Q4. What factors are anticipated to drive the subsea systems market growth?
A4. Growing focus on deep-sea drilling is increasing the demand for subsea systems across the globe.
 
Q5. Which region holds the largest market share in the subsea systems market?
A5. The Middle East and Africa and North America hold a significant share in the global subsea systems market on account of continuing exploration and production activities in these regions.

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