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Subsea Pumping System Market - Global Industry Analysis, Size, Share, Trends, Growth & Forecast 2014 - 2020

Pre Book Price: $ 5216

Original Price: $ 5795

Subsea pumping system is an established technique for oil extraction from subsea tie backs. The increased investment in the offshore market for extracting oil and natural gas suggests that the demand for subsea pumping systems will also grow. According to the U.S. Energy Information System, the natural gas consumption is expected to increase by 0.9 percent per year. This increase in the consumption of oil and gas will directly increase the subsea pumping system market. Moreover, the subsea pumps are highly efficient and boost the rate of recovery, extend the time period of maximum production plateau and reduce the main abandonment pressure, thereby, increasing the total amount of fluids extracted from the basin or reservoir. These subsea pumping systems help to extend the life span of existing brownfields and aid to increased flow rates & total recoverable reserves. 

 

One of the key drivers of the global subsea pumping system market is the persistent depletion in the onshore and shallow water fields. This has bound the companies to focus on deep water areas, where a blend of systems and subsea pumps are used to extract hydrocarbon from the sea bed. The market of the subsea pumping system is expected to develop at a reasonable pace in coming years. Moreover, the increased shale gas production has increased the demand for innovative subsea pumps and technologies, which acts as another driver for the global subsea pumping system market. The restraints associated with the subsea pumping system market include the issues linked with the environment, lack of skilled professionals and geopolitical chaos. On the other hand, the increasing demand of energy and the augmented investment by the companies in offshore fields, will act as opportunities for the subsea pumping system market. In addition to this, continuous technological advancements will bring new opportunities to the market. As the recoverable reserves with extend into deeper water and longer tiebacks, subsea pumping systems are forecasted to contribute maximum in the offshore development.

 

The subsea pumping system market can be segmented on the basis of technology as:

  • Subsea trees
  • Subsea manifolds
  • Umbilical risers 
  • Flow lines and control modules

Globally subsea systems are used to enhance the production of hydrocarbons. On the basis of processing systems, the global market for subsea pumping systems market can be segmented as:

  • Boosting
  • Injection
  • Separation
  • Compression

The primary component for pumping system includes equipments for power conditioning and control, power generation, power transmission and a retrieval pump unit which is attached to production flow line system. The market for subsea pumping systems can be segmented on the basis of geography as:

  • North America
  • Europe
  • South America
  • Asia Pacific
  • Middle East

Globally, the North American and European region provides significant opportunities for the subsea pumping system market. In Europe, Norway and UK are characterized by high drilling of reservoirs whereas in the North America, the Gulf of Mexico is expected to host many new floating drilling platforms. Asia, Australia and Middle East region also provides emerging opportunities for the subsea pumping system market. In Asia, there has been an increase in the exploration and production activities for deep water seas. As a result, India, China, Indonesia, and Malaysia offer new investment opportunities in the subsea pump market. Some of the other factors such as increased exploration and production activities and discovering new offshore reserves will bolster the subsea pumping systems market in the coming years.

 

Some of key players in the subsea pumping system market are Sulzer, Aker Solutions, General Electric, FMC Technologies, Dynes, Bornemann and One Subsea.

 

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. This report provides comprehensive analysis of 

  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for upcoming years 

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis. 

 

Reasons for Buying this Report

  • This report provides pin-point analysis for changing competitive dynamics
  • It provides a forward looking perspective on different factors driving or restraining market growth 
  • It provides a six-year forecast assessed on the basis of how the market is predicted to grow 
  • It helps in understanding the key product segments and their future
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments 
  • It provides distinctive graphics and exemplified SWOT analysis of major market segments 


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