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Subsea Systems Market Worth 20.5 Billion USD by 2020


News provided by

MarketsandMarkets

23 Oct, 2015, 13:30 GMT

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PUNE, India, October 23, 2015 /PRNewswire/ --

The report "Subsea Systems Market by Subsea Production Technology (SURF, Trees, Manifolds, Control system), by Subsea Processing Technology (Boosting, Separation, Injection, Compression), & by Region - Global Trends & Forecast to 2020" published by MarketsandMarkets, The global Subsea Systems Market will grow from an estimated value of USD 15.9 Billion in 2015 to USD 20.5 Billion by 2020 with a CAGR of 5.25% from 2015 to 2020.

Browse 92 market data Tables and 70 Figures spread through 167 Pages and in-depth TOC on "Subsea Systems Market - Global Trends & Forecast to 2020"

http://www.marketsandmarkets.com/Market-Reports/subsea-production-processing-systems-market-938.html
Early buyers will receive 10% customization on this report.

The market report defines and segments the market with regional forecast and segment revenue estimates till 2020. The global Subsea Systems Market will grow from an estimated value of USD 15.9 Billion in 2015 to USD 20.5 Billion by 2020 with a CAGR of 5.25% from 2015 to 2020. Top market players from the industry have been studied in order to track developments, technologies, and other key business strategies that define the market environment.

This market study includes, in depth analysis for subsea systems of various subsea production technologies, subsea processing technologies. In terms of subsea production technology, the Subsea Systems Market is segmented into SURF (Subsea Umbilicals Risers Flowlines), subsea trees, subsea control systems and subsea manifolds. The subsea processing technology is classified into subsea boosting system, subsea separation system, subsea injection system, and subsea compression system.

In terms of region, the market is classified into North America, South America, Europe, Asia-Pacific, Middle East and Africa. The regions are further segmented on the basis of major countries and in-depth analysis for countries have been provided.

Download Free Sample Pages: http://www.marketsandmarkets.com/requestsample.asp?id=938

Europe: The largest market for subsea systems 

Europe was the largest estimated market for subsea systems in 2014, largely driven by the developments in countries such as Norway, U.K. and Netherlands. These developments are due to policy changes by governments to increase the production. Moreover, the offshore oil reserves in U.K., and Norway provide attractive business opportunities for major oil operators to invest which will further drive the Subsea Systems Market.

SURF: Biggest market by subsea production technology 

SURF (Subsea Umbilicals Risers Flowlines) are the important equipment in subsea production systems. Umbilical system is a bundled arrangement of piping, tubing and electrical conductors which are bounded in armored sheath. The main applications of umbilicals are to transmit the control fluids, and used to monitor pressures & inject fluids. A drilling riser is a channel that provides temporary extension of a subsea oil well to a surface drilling facility. Subsea flowlines are the pipelines that carry hydrocarbon fluids from the wellhead to the riser. The rising focus on deep water drilling is the major driver for SURF market and moreover the oil discoveries in emerging economies especially Africa provide further positive contributions to the Subsea Systems Market.

Major Players in the Subsea Systems Market include Aker Solutions (Norway), General Electric (U.S.), FMC Technologies (U.S.), National Oilwell Varco Inc. (U.S.), and One Subsea (U.S.). Competitive analysis of the major players has been included in the report, along with market share for the top five players in the subsea systems.

Recent developments and other key strategies adopted by major players have also been analyzed to identify the most followed growth strategy in the industry. Impact analysis of various developments is also provided along with the competitive landscape.

Browse Related Reports 

Offshore Support Vessel Market by Type (Anchor Handling, Towing and Supply Vessel, Platform Supply Vessel, Multi-Purpose Service Vessel, Crew Vessels, Standby and Rescue Vessels, Others), by Geography (North America, South America, Asia-Pacific, Europe, West & South Africa, Middle East and ROW) - Global Trends to 2019

http://www.marketsandmarkets.com/Market-Reports/offshore-support-vessel-market-1212.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:

Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Tel: 1-888-600-6441

Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/energy-and-power
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

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