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Global Subsea Processing Systems Market 2018-2022

  • Published: Jan 2018
  • Pages: 121
  • SKU: IRTNTR20210
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This industry research report identifies Aker Solutions, GENERAL ELECTRIC, National Oilwell Varco, Schlumberger, and TechnipFMC as the key vendors in the global subsea processing systems market. The report also presents a detailed analysis of the market by technology (boosting, separation, injection, and compression) and by geography (the Americas, APAC, and EMEA).

Overview of the global subsea processing systems market

Owing to the gradual stabilization of crude oil prices, deep and ultra-deepwater projects are reviving. Growing offshore operations are rendering the market conditions extremely demanding. Consequently, extended reach wells are economically viable as they reduce the operating cost involved. Technavio’s market study identifies the growing number of deep and ultra-deepwater drilling projects to be one of the primary growth factors for the subsea processing systems market. Low oil rig rates and reduced oilfield service cost have encouraged several companies to resume their projects. Also, companies are formulating cost-cutting methodology to reduce the breakeven cost for crude oil production. Our market analysts estimate that the market will earn a revenue of more than USD 8.3 billion by 2022.

With the low prices of crude oil, the adoption of extended reach drilling (ERD) technology by operators makes projects commercially viable. ERD wells offer several advantages such as early production, drilling done on platform reduces logistical cost, easy access to resources, and increased recovery and production. The reduced cost of offshore infrastructure that minimizes the environmental impact due to smaller drilling footprint, drives the adoption of ERD technology. The advent of ERD technologies drives the growth of the subsea processing systems market.

Competitive landscape and key vendors

The subsea processing systems market is moderately fragmented owing to the presence of several well-diversified international, regional, and local vendors. Established vendors are competent in terms of quality, features, functionalities, and services, with the new entrants struggling to compete profitably. Growing technological innovations, product extensions, and M&A will boost the competitive environment of the subsea production equipment market.

The leading vendors in the market are

  • Aker Solutions
  • GENERAL ELECTRIC
  • National Oilwell Varco
  • Schlumberger
  • TechnipFMC

The other prominent vendors in the market are Forum Energy Technologies, ITT, Halliburton, Leistritz Advanced Technologies, MAN, Saipem, Siemens, SPX FLOW, SUBSEA 7, and Weatherford.

Segmentation by technology and analysis of the subsea processing systems market

  • Boosting
  • Separation
  • Injection
  • Compression

Subsea processing systems with boosting technology accounts for the major share of the subsea production equipment market due to its effective performance in tough environmental conditions and deeper waters. The reducing easy availability of oil is driving the usage of subsea boosting applications as they increase the production rates. Subsea boosting pumps improves the flow rates of the reservoir.

Geographical segmentation and analysis of the subsea processing systems market

  • Americas
  • APAC
  • EMEA

EMEA will be the major revenue contributor to the subsea production equipment market as the Middle Eastern regions offer low-cost production capability. Also, this region implements effective cost-cutting techniques in the upstream operations that increase the exploration and drilling activities carried out. The presence of major gas discoveries and growing exploration activities further drive the growth of the subsea processing systems market.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2022?
  • What are the key factors driving the global subsea processing systems market?
  • What are the key market trends impacting the growth of the global subsea processing systems market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global subsea processing systems market?
  • What are the market opportunities and threats faced by the vendors in the global subsea processing systems market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global subsea processing systems market? 

Technavio also offers customization on reports based on specific client requirement.

Table of Contents

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: INTRODUCTION

  • Market outline

PART 05: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 06: MARKET SIZING

  • Market definition
  • Market sizing 2017
  • Market size and forecast 2017-2022

PART 07: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 08: MARKET SEGMENTATION BY TECHNOLOGY

  • Segmentation by technology
  • Comparison by technology
  • Boosting – Market size and forecast 2017-2022
  • Separation – Market size and forecast 2017-2022
  • Injection – Market size and forecast 2017-2022
  • Compression – Market size and forecast 2017-2022
  • Market opportunity by technology

PART 09: CUSTOMER LANDSCAPE

PART 10: REGIONAL LANDSCAPE

  • Geographical segmentation
  • Regional comparison
  • EMEA – Market size and forecast 2017-2022
  • Americas – Market size and forecast 2017-2022
  • APAC – Market size and forecast 2017-2022
  • Key leading countries
  • Market opportunity

PART 11: DECISION FRAMEWORK

PART 12: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 13: MARKET TRENDS

  • ERD Technologies
  • Industry 4.0: Trends impacting upstream producers
  • Discovery of new oil fields

PART 14: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive Scenario

PART 15: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Aker Solutions
  • GENERAL ELECTRIC
  • National Oilwell Varco
  • Schlumberger
  • TechnipFMC

PART 16: APPENDIX

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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