Subsea Production and Processing System - Global Market Outlook (2016-2022)

Subsea Production and Processing System - Global Market Outlook (2016-2022)

  • Published: September 2016
  • ID: SMRC15920

According to Stratistics MRC, the Global Subsea Production and Processing System market is expected to grow from $16.76 billion in 2015 to reach $26.69 billion by 2022 with a CAGR of 6.9%. Growing new oil discoveries as well growing number of offshore drilling activities in subsea areas of emerging economies is influencing the market growth. In addition, raising emphasis on deep water drilling, and huge hydrocarbon reserves are propelling the market growth, over the forecast period. On the other hand, instability in crude oil and gas prices brought together with political, technological and operational risks are anticipated to hinder the market.

Europe commands the markets in terms of market size, during the forecast period. Asia Pacific is expected to witness high growth rate during the forecast period. It is attributed to improved exploration activity into deep water areas and smooth government regulations towards offshore exploration. By subsea production technologies, the subsea umbilicals risers flowlines (SURF) segment leads the market globally with the biggest market share and is expected to grow with a high CAGR during the forecast period.

Some of the key players in global subsea production and processing system market include ABB Ltd., Aker Solutions, Dril-Quip Inc., FMC Technologies, GE Oil & Gas, Kongsberg, National Oilwell Varco, Nexans SA, Oceaneering International, Inc., Onesubsea, Parker Hannifin Corporation, Siemens AG, Technip, Twister BV, and Vallourec. 

Subsea Processing Technologies Covered:
• Subsea Boosting System
• Subsea Compression System
• Subsea Injection System
• Subsea Separation System

Subsea Production Technologies Covered:
• Subsea Control Systems
• Subsea Manifolds
• Subsea Trees
• Subsea Umbilicals Risers Flowlines (SURF)

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain     
o Rest of Europe 
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• Rest of the World
o Middle East
o Brazil
o Argentina
o South Africa
o Egypt

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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