Distributed Buoyancy Modules Market: Overview

The offshore oil & gas sector is slated to witness a rebound after drastic decline in prices of oil and gas in the last few of years. Increased risks associated with offshore drilling and stricter regulations have propelled the demand for distributed buoyancy modules for use in offshore oil and gas platforms.  Buoyancy element is composed of the syntactic foam which is encapsulated in external skin made of polyethylene. Flexible pipes used in offshore oil and gas production require specific geometric configuration to reduce tension loads in offshore platforms.
Distributed buoyancy modules allow achieving and maintaining these particular configurations by being fixed to the outside of the riser. Properties of the syntactic foam are optimized to reach the required buoyancy at the operating water depth for supporting offshore oil and gas platforms.

Distributed Buoyancy Modules Market: Key Segments

In the offshore industry, buoyancy modules are required so as to provide uplift to subsea risers, pipelines, cables, and umbilical and other structures. Discreet buoyancy units called distributed buoyancy modules (DBMs) are attached to floating conduits. The distributed buoyancy modules market has been segmented based on component, application, and region. Based on component, the distributed buoyancy modules market can be classified into clamp and floatation units. A clamp is designed to act as an interface between the conduit and the floatation column in an offshore platform. Based on application, the distributed buoyancy modules market can be divided into deep buoyancy systems, insulated risers, and offshore platforms.

Distributed buoyancy modules offer multiple benefits. It reduces top tension loads. It helps in maintaining project-specific riser configuration. It is fast, efficient, and it has safe offshore installation. It helps reduce the weight of the pipeline during installation. Discrete buoyancy modules can be strapped to the pipeline on board the vessel or in the case of a shore pull installed on land.

Distributed Buoyancy Modules Market: Drivers & Restraints

A key restraint for the distributed buoyancy modules market is that excess usage of these modules can prove to be capital-intensive. Another restraint is high cost of investment and production of distributed buoyancy modules. The subsea ecosystem is hampered, as distributed buoyancy modules are placed on the subsea structure or vessel platform. Repairing the damaged distributed buoyancy modules situated deep in the ocean bed is a tedious task.

Distributed Buoyancy Modules Market: Regional Outlook

The distributed buoyancy modules market in Asia Pacific is expanding due to rising population in the region. This has increased the need for exploration and production of oil from different sources beneath the water and has raised the demand for distributed buoyancy modules. Hotbed areas of subsea oil and gas activities in Asia Pacific are primarily located in countries such as Vietnam, Australia, China, Malaysia, and Indonesia. This, in turn, has led to increase in the demand for distributed buoyancy modules in the region. The market for distributed buoyancy modules in North America is emerging due to increased offshore oil and gas activities in the region. In Europe, countries such as France, Germany, and the U.K. are witnessing increase in the demand for distributed buoyancy modules, due to rapid increase in marine activities. Regions such as Latin America and Africa are expected to witness increase in the demand for distributed buoyancy modules in the near future.

Distributed Buoyancy Modules Market: Key Players

Key players operating in the global distributed buoyancy modules market are Deep Down Inc., Subsea, Fendercare Marine, Trelleborg, and Bardot Group.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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