DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Subsea Manifolds Market Analysis By Application (Production, Injection), By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa), And Segment Forecasts, 2014 - 2025" report to their offering.
The global subsea manifolds market is expected to be valued at USD 5.08 billion by 2025
Increasing deepwater drilling activities and favorable revised offshore regulations have been a major factor driving the market growth.
Subsea manifolds are utilized to direct fracturing fluids to the wells and to extract the produced fluids from the well into the flow lines. Subsea manifolds are devised to withstand the harsh conditions in deepwater. These systems are customizable as per the type of the soil in the sea bed. The manifolds can be utilized for horizontal or vertical connections with the resource bed in deepwater. They have a highly customizable design and are able to connect to multiple wells at the same time.
Injection is projected to grow at an estimated CAGR of 5.4% over the forecast period of 2016 to 2025, and thus be the fastest-growing segment in the application category. Injection manifolds can be customized to handle various types of fluids including, water-alternating-gas, gas, water, oil-based fluids, synthetic-based fluids, and foam-based fluids.
These manifolds are subjected to immense pressure in deepwater and need to be built to withstand the harsh operating conditions; which thus makes their manufacturing cost high. This factor is anticipated to positively drive the injection segment growth over the forecast period of 2017 to 2025.
Key Topics Covered:
1 Methodology and Scope
2 Executive Summary
3 Subsea Manifolds Market Variables, Trends & Scope
4 Subsea Manifolds Market: Application Estimates & Trend Analysis
5 Subsea Manifolds Market: Regional Estimates & Trend Analysis
6 Competitive Landscape
7 Company Profiles
- Schlumberger Limited
- Baker Hughes Incorporated
- Halliburton Company
- Weatherford International Inc.
- Dril-Quip Inc.
- Aker Solutions ASA
- FMC Technologies, Inc.
- General Electric
- Subsea 7 S.A.
- Trendsetter Engineering
For more information about this report visit https://www.researchandmarkets.com/research/mmf8jt/subsea_manifolds