DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Subsea Power Grid Market - Market Analysis by Geography, Components, Competitive Landscape, Key Company Information - Growth Trends and Forecasts (2015-2020)" report to their offering.
Reliable power supply and transmission is pretty much vital for subsea systems. Continuous power supply is required in order to keep all the equipments running without interruption. Efficient power grid systems plays a major role in todays subsea exploration and production operations as the subsea oil and gas activity is growing at a faster rate from the last few years.
To ensure cost savings, systems service life extension, and maintenance costs reduction subsea systems need dedicated power management systems. Integrated management systems will monitor the integrity of the grid, evaluate changes and predict failure situations before leading to unexpected shutdowns.
Operational key data will be stored, enabling the optimization of operations. Globally oil and gas reserves were decreasing, efforts are now underway to explore new areas for oil and gas exploration.
Africa is poised to lead the market in the coming decade as a result of development of new offshore fields. The market is still in developing stage in other parts of the world. Regions such as the North Sea, where the current exploratory activity is mainly focused on deep water areas and Gulf of Mexico, which is one of the major offshore regions for oil and gas exploration and production, are expected to witness a major growth in the coming decade in terms of market demand.
1. Executive Summary
2. Research Methodology
3. Markets Covered
4. Market Overview
5. Drivers, Constraints and Opportunites
6. Subsea Powergrid Industry Value Chain Analysis
7. Subsea Powergrid Industry Market Analysis, by Components
8. Subsea Power Industry Market Analysis, by Geography
9. Key Company Analysis
10. Competitive Landscape
For more information about this report visit http://www.researchandmarkets.com/research/7vv4rs/global_subsea