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Published Date: 2016-02-02Number of Pages: 102

Subsea Boosting Systems Market (Shallow Water and Deep Water) for Oil and Gas Industry - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 - 2023

Depleting oil and gas resources led oil and gas companies to explore offshore oil and gas fields. Subsea technologies used in combination with floating production systems have increased interest among exploration and production companies to focus on deep water areas. These technologies are used to extract hydrocarbons from offshore oilfields. Increasing oil and gas drilling activities and rising oil and gas demand have compelled oil and gas service providing companies to utilize subsea technologies. Innovation in subsea boosting technology provides higher reliability, performance, and endurance which have led to increase in demand for subsea technologies. Growing population and rising urbanization are likely to fuel the demand for energy across the globe. Depleting oil and gas reserves at onshore locations coupled with growing opportunities in deep water oil and gas exploration and production are expected to boost subsea activities in the near future. A subsea boosting system is an arrangement deployed at the topside of the well to ensure the flow of fluid (oil and condensate) from the oilfields at an economical rate. Some of the key parameters that lead to subsea boosting system installations are increased water depth, increased distance from the host, heavy oil, higher number of field tiebacks to the host, and low reservoir pressure. A subsea boosting system primarily includes multiphase and down-hole boosting, gas compression, and raw subsea water injection. Subsea boosting process helps in safer and faster start-up of low-energy wells, increases the economic life of the field, increases production and recovery, and enables a different production strategy.

The subsea boosting systems market has been analyzed in terms of revenue (US$ Mn). Additionally, the market has been segmented on the basis of water depth, application, and geography. Based on water depth, the market has been segmented into shallow water and deep water. The shallow water segment held the largest share of 57.8% of the subsea boosting systems market in 2014. In terms of application, the market has been segmented into oil fields and gas fields. The oil fields segment accounted for the largest share of 69.4% of the subsea boosting systems market, by application, in 2014.

In terms of geography, the subsea boosting systems market has been segmented into six regions: North America, Asia Pacific, Europe, South & Central America, Africa, and the Middle East. Asia Pacific was the largest market for subsea boosting systems, accounting for 25.0% of the global market share in 2014. Asia Pacific is emerging as a key oil and gas producing region. Subsea activities in the region are largely concentrated in countries such as China, Indonesia, and Australia. Apart from these countries, the Philippines, South Korea, and India also have a few subsea projects. Increased energy demand coupled with the need to boost offshore oilfield production has propelled the demand for subsea boosting systems. Europe was the second-largest market for subsea boosting systems in 2014. Growing demand for energy and need for increased production from offshore oilfield are expected to drive the demand for subsea boosting systems in the near future. Africa was the third-largest market for subsea boosting systems in 2014. The market in South & Central America is expected to witness significant growth in the near future, with Brazil leading the market.

 

subsea-boosting-systems-market

 

Section 1 Preface

  • Report Description
  • Market Segmentation
  • Research Scope
  • Research Methodology

Section 2 Executive Summary

  • Global Subsea Boosting Systems Market Estimates and Forecasts (US$ Mn)
  • Overview

Section 3 Industry Analysis

  • Introduction
  • Value Chain Analysis of Subsea Boosting Systems Market
  • Market Dynamics
    • Driver 1 – Maturing oil and gas reserves and flat reserves-to-production ratio
    • Driver 2 – Technological advancements in subsea boosting equipment
    • Driver 3 – Growing subsea capital expenditure on production hardware
    • Restraint 1 – Fluctuating crude oil prices
    • Opportunity 1 – Rising number of offshore oil and gas discoveries
    • Opportunity 2 – Increase in drilling activities in deepwater and ultra-deepwater
  • Porter’s Five Forces Analysis
  • Market Attractiveness Analysis of Subsea Boosting Systems Market, 2014
  • Company Market Share, Subsea Boosting Systems Market (%) 2014

Section 4 Subsea Boosting Systems Market: Water Depth Overview

  • Global Subsea Boosting Systems Market, Estimates and Forecast, By Water Depth, 2014–2023 (US$ Mn)
  • Global Subsea Boosting Systems Market, Estimates and Forecast, By Shallow Water, 2014–2023 (US$ Mn)
  • Global Subsea Boosting Systems Market, Estimates and Forecast, By Deep Water, 2014–2023 (US$ Mn)

Section 5 Subsea Boosting Systems Market: Application Overview

  • Global Subsea Boosting Systems Market, Estimates and Forecast, By Application, 2014–2023 (US$ Mn)
  • Global Subsea Boosting Systems Market, Estimates and Forecast, by Oil Fields, 2014–2023 (US$ Mn)
  • Global Subsea Boosting Systems Market, Estimates and Forecast, by Gas Fields, 2014–2023 (US$ Mn)

Section 6 Subsea Boosting Systems Market - Regional Overview

  • Subsea Boosting Systems Market - Regional Overview
  • Subsea Boosting Systems Market - Asia Pacific
  • Asia Pacific Subsea Boosting Systems Market, Estimates and Forecast, By Water Depth, By Value, 2014-2023 (US$ Mn)
    • Australia Subsea Boosting Systems Market, by Revenue, 2014–2023 (US$ Mn)
    • China Subsea Boosting Systems Market, by Revenue, 2014–2023 (US$ Mn)
    • Rest of Asia Pacific Subsea Boosting Systems Market, by Revenue, 2014–2023 (US$ Mn)
  • Subsea Boosting Systems Market - Europe
  • Europe Subsea Boosting Systems Market , Estimates and Forecast, By Water Depth, By Value, 2014-2023 (US$ Mn)
    • Norway Subsea Boosting Systems Market, by Revenue, 2014–2023 (US$ Mn)
    • U.K. Subsea Boosting Systems Market, by Revenue, 2014–2023 (US$ Mn)
    • Rest of Europe Subsea Boosting Systems Market, by Revenue, 2014–2023 (US$ Mn)
  • Subsea Boosting Systems Market - Africa
  • Africa Subsea Boosting Systems Market, Estimates and Forecast, By Water Depth, By Value, 2014-2023 (US$ Mn)
    • Nigeria Subsea Boosting Systems Market, by Revenue, 2014–2023 (US$ Mn)
    • Angola Subsea Boosting Systems Market, by Revenue, 2014–2023 (US$ Mn)
    • Rest of Africa Subsea Boosting Systems Market, by Revenue, 2014–2023 (US$ Mn)
  • Subsea Boosting Systems Market - South & Central America
  • South & Central America Subsea Boosting Systems Market, Estimates and Forecast, By Water Depth, By Value, 2014-2023 (US$ Mn)
    • Brazil Subsea Boosting Systems Market, by Revenue, 2014–2023 (US$ Mn)
    • Venezuela Subsea Boosting Systems Market, by Revenue, 2014–2023 (US$ Mn)
    • Rest of South & Central America Subsea Boosting Systems Market, by Revenue, 2014–2023 (US$ Mn)
  • Subsea Boosting Systems Market – North America
  • North America Subsea Boosting Systems Market, Estimates and Forecast, By Water Depth, By Value, 2014–2023 (US$ Mn)
    • U.S. Subsea Boosting Systems Market, by Revenue, 2014–2023 (US$ Mn)
    • Mexico Subsea Boosting Systems Market, by Revenue, 2014–2023 (US$ Mn)
    • Rest of North America Subsea Boosting Systems Market, by Revenue, 2014–2023 (US$ Mn)
  • Subsea Boosting Systems Market – Middle East
  • Middle East Subsea Boosting Systems Market, Estimates and Forecast, By Water Depth, By Value, 2014–2023 (US$ Mn)
    • Saudi Arabia Subsea Boosting Systems Market, by Revenue, 2014–2023 (US$ Mn)
    • U.A.E. Subsea Boosting Systems Market, by Revenue, 2014–2023 (US$ Mn)
    • Rest of Middle East Subsea Boosting Systems Market, by Revenue, 2014–2023 (US$ Mn)

Section 7 Company Profiles

  • Aker Solutions
  • Baker Hughes Incorporated
  • Flowserve Corporation
  • FMC Technologies, Inc.
  • Framo AS
  • General Electric Company
  • ITT Bornemann GmbH
  • Leistritz Advanced Technologies Corp
  • OneSubsea
  • Sulzer Ltd. 

This research study analyzes the market for subsea boosting systems in terms of revenue (US$ Mn). The subsea boosting systems market has been segmented on the basis of water depth, application, and geography. The geographical segmentation includes regions which are further divided into twelve countries - major players in the global subsea boosting systems market. The report features a detailed regional segmentation with market growth forecasts for the 2015-2023 period. For the research, 2014 has been taken as the base year, while all forecasts have been given for the period from 2015 to 2023. Market data for all the segments has been provided at the regional as well as country-specific level from 2015 to 2023. The report provides a broad competitive analysis of companies engaged in the subsea boosting systems business. The report also includes the key market dynamics such as drivers, restraints, and opportunities affecting the global subsea boosting systems market. These market dynamics were analyzed in detail and are illustrated in the report with the help of supporting graphs and tables. The report also provides a comprehensive analysis of the global subsea boosting systems market with the help of Porter’s Five Forces model. This analysis helps in understanding the five major forces that affect the structure and profitability of the global subsea boosting systems market. The forces analyzed are bargaining power of buyers, bargaining power of suppliers, threat of new entrants, threat of substitutes, and degree of competition.  

The high-level analysis in the report provides detailed insights into the subsea boosting systems business globally. There are currently numerous drivers of the market. The most prominent drivers include growing deep water exploration and production (E&P) activities and rising investments to enhance recovery of oil and gas from maturing subsea wells. Subsea oil and gas proven reserves by various regions were also considered for market analysis. Market attractiveness analysis was carried out for the subsea boosting systems market on the basis of application. Market attractiveness was estimated on the basis of common parameters that directly impact the market in different regions.  

The subsea boosting systems market was segmented on the basis of water depth (shallow water and deep water), application (oil and gas), and geography. The subsea boosting systems market has been segmented into six regions: North America, Asia Pacific, Europe, South & Central America, Africa, and the Middle East. Regional data has been provided for each sub-segment of the subsea boosting systems market. Key players in the subsea boosting systems market include FMC Technologies, Inc., OneSubsea, GE Oil & Gas, Aker Solutions ASA, Baker Hughes Incorporated, ITT Bornemann GmbH, and Sulzer Ltd. The report provides an overview of these companies, followed by their financial details, business strategies, and recent developments.

Subsea Boosting Systems Market: By Water Depth

  • Shallow Water
  • Deep Water 

Subsea Boosting Systems Market: By Application

  • Oil
  • Gas 

Subsea Boosting Systems Market: By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Norway
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • Australia
    • China
    • Rest of Asia Pacific
  • South & Central America
    • Brazil
    • Venezuela
    • Rest of South & Central America
  • Africa
    • Nigeria
    • Angola
    • Rest of Africa
  • Middle East
    • Saudi Arabia
    • UAE
    • Rest of Middle East