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Subsea Well Access System Market Worth 3.62 Billion USD by 2022


News provided by

MarketsandMarkets

18 Jul, 2017, 16:30 GMT

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PUNE, India, July 18, 2017 /PRNewswire/ --

The report "Subsea Well Access System Market by Type (Rig-Based and Vessel-Based), and Region - Global Forecasts to 2022", published by MarketsandMarkets™, the Subsea Well Access System Market is expected to grow from an estimated USD 2.86 Billion in 2017 to USD 3.62 Billion by 2022, at a CAGR of 4.79%. The Subsea Well Access System Market is set to witness growth, due to increasing new offshore discoveries and demand for well access system in subsea.

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Browse 94 Market Data Tables and 39 Figures spread through 169 Pages and in-depth TOC on "Subsea Well Access System Market"

http://www.marketsandmarkets.com/Market-Reports/subsea-well-access-bop-system-market-231420747.html

Early buyers will receive 10% customization on this report 

The rig-based well access system is expected to hold the largest share of the Subsea Well Access System Market, by type, during the forecast period 

The rig-based well access system dominated the Subsea Well Access System Market during the forecast period. The market in Europe is the largest market consisting large number of existing wells which require substantial overhaul. The increase in demand from deep offshore oil & gas fields, is expected to drive the rig-based well access system segment.

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North America: The leading market for the Subsea Well Access System Market 

The market in North America is expected to dominate the global Subsea Well Access System Market, given growing unconventional hydrocarbon production in the region.  The region is the new swing producer in global oil markets owing to the boom in production from both shale operations and deepwater exploration and production in the Gulf of Mexico. Exploration and production activities in the region are also expected to gain momentum with increased capital spending by major oil companies. All these factors are expected to drive the North American Subsea Well Access System Market.

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To enable an in-depth understanding of the competitive landscape, the report includes some of the top players in the Subsea Well Access System Market . These players include Aker Solutions (Norway), Baker Hughes Incorporated (U.S.), Circle T Service & Rental, Ltd. (Canada), COR International, LLC (U.A.E.), Diamond Offshore Drilling, Inc. (U.S.), Drilling Services Limited (U.K.), Dril-Quip, Inc. (U.S.), GE Oil & Gas (U.K.), Halliburton Company (U.S.), Island Offshore (Norway), Key Energy Services (U.S.), KIT Oil and Gas Equipment Industry, LLC (U.A.E.), National Oilwell Varco, Inc. (U.S.), Oceaneering International, Inc. (U.S.), Optime Subsea Services (U.S.), Parker Hannifin, Corp. (U.K.), Proserv (U.S.), Rongsheng Machinery Manufacture, Ltd. Of Huabei Oilfield Hebei (China), Schlumberger Limited (U.S.), TechnipFMC, PLC (U.S.), Tenaris (Luxembourg), UZTEL S.A. (Romania), Vallourec (France), Weatherford International Limited (U.S.), and 4Subsea (Norway) among others. Leading players are trying to understand the markets in developing economies and are adopting various strategies to increase their market share.

Browse Related Reports: 

Well Intervention Market by Services (Logging & Bottomhole Survey, Tubing/Packer Failure & Repair, Stimulation, Sand Control, Artificial Lift, Fishing, Others), Application (Onshore & Offshore), and Region - Global Trends & Forecast to 2022

http://www.marketsandmarkets.com/Market-Reports/well-intervention-market-1099.html

Oilfield Equipment Rental Market by Equipment (Drilling Equipment (Drill Pipe, Drill Collars, Hevi-Wate, and Subs), Pressure & Flow Control Equipment, and Fishing Equipment), Application (Onshore and Offshore), and Region - Global Forecasts to 2022

http://www.marketsandmarkets.com/Market-Reports/oilfield-equipment-rental-market-1083.html

Subscribe Reports from Energy & Power Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets'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.

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