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Subsea Pumps Market Worth $1,773.7 Million in 2020


News provided by

MarketsandMarkets

25 Jun, 2015, 11:30 GMT

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DALLAS, June 25, 2015 /PRNewswire/ --

The report "Subsea Pumps Market by Type (Helico-Axial, ESP, Centrifugal, Twin-Screw, Hybrid, Counter-Axial),  Application (Subsea Boosting, Subsea Injection, Subsea Separation, Subsea Gas Compression), & by Region - Global Trends & Forecast to 2020", published by MarketsandMarkets, The Global Subsea Pumps Market is projected to grow at a CAGR of 11.3% from 2015 to 2020, reaching a value of $1,773.7 Million in 2020.

Browse 76 market Tables and 54 Figures spread through 140 Pages and an in-depth TOC on "Subsea Pumps Market"

http://www.marketsandmarkets.com/Market-Reports/subsea-pumping-systems-market-112518945.html

Early buyers will receive 10% customization on this report. 

The market report defines and segments the Subsea Pumps Market with analysis of market size, market share of leading players, and forecast for future trends. It also identifies the driving forces, restraining factors, and challenges for the market, highlighting the latest trends, and identifying opportunities. The forecasts and estimations are done considering the current industry scenario and the future forecasts for the investments in the offshore industry

Further Report Inquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=112518945

In 2014, South America was the single largest regional market for subsea pumps across the globe and accounted for a market share of 31% by value. Offshore fields in the region have seen huge investments for new projects as well as mature assets in the past years. This trend is expected to continue after the oil prices return to normal. It is expected to reach around $80/bbl by the end of 2016.

The Global Subsea Pumps Market is projected to grow at a CAGR of 11.3% from 2015 to 2020, reaching a value of $1,773.7 Million in 2020. With depleting onshore reserves in many regions and vast reserves present in the sea beds, the offshore exploration and production activities are bound to increase during the forecast period. Brazil, West Africa, and Mozambique regions are expected to be the high growth avenues for the Subsea Pumps Market.

Leading players in the global Subsea Pumps Market include OneSubsea (U.S.), FMC Technologies (U.S.), Aker Solutions (Norway), General Electric (U.S.), and Baker Hughes (U.S.), among others. Players in the global Subsea Pumps Market make investments in R&D to enhance the efficiency of their products. These companies are expanding into new territories to take advantage of opportunities in the regions of West Africa, Europe, and South America through joint-ventures, mergers and acquisitions, and partnerships. This will help them in minimizing the risk associated with high capital investments in the offshore and oil price dependent projects.

Browse Related Reports 

Subsea Control Systems Market by Types (Underwater and Topside), Application (Production, Processing & Others), Components (SCM, Umbilical Termination Assembly, Umbilical, MCS, Sensors, & Others) & by Region- Global Trends and Forecasts to 2019

http://www.marketsandmarkets.com/Market-Reports/subsea-control-systems-market-64465256.html

Offshore Drilling Rigs Market by Type (Jackup, Semi-Submersibles, Drillships), by Application (Shallow Water, Deepwater, Ultra-Deepwater) & Geography (North America, Latin America, Europe, the Middle East, Asia-Pacific, Africa, ROW) - Global Forecast to 2019

http://www.marketsandmarkets.com/Market-Reports/offshore-drilling-rigs-market-222674436.html

About MarketsandMarkets 

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
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Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/energy-and-power
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