Technological Advances & Increasing Investments in the Global Subsea Processing Market Will Ensure Quicker ROI for Vendors: TechNavio

LONDON--()--According to research firm TechNavio, the Global Subsea Processing Market is expected to grow in tandem with rising global demand for oil and gas, projecting a CAGR of 18.5 percent from 2014-2018.

Governments worldwide are focusing on subsea processing technologies to increase their overall production, which is expected to positively affect market growth.

About the Report

The new report from TechNavio highlights rapid advances in technology that have led to improved techniques for oil recovery from reservoirs. These technological advances include unlocking the potential of processing in harsh temperatures and pressures, as well as boosting techniques through advanced booster pumps and gas injection for increased recovery.

“Market vendors are increasing their investment in R&D, in order to reduce the time and risks associated with processing technologies. The overall volume of production has increased, while cost and risk have been significantly reduced because of these advances,” says Faisal Ghaus, Vice President of TechNavio.

“Many vendors are investing in subsea processing systems to increase oil recovery and reduce fluid loss and oil leakage during the drilling process. They are also investing a huge amount of funds to reduce the adverse effects of drilling fluids on the marine environment, which is expected to boost investments in this sphere over the next few years.”

Key Information Covered in the Report:

  • Market segmentation, size and forecast through 2018
  • Market Growth Drivers:
    • Increase in Global Oil and Gas Consumption
    • For a full detailed list, view our report.
  • Market Challenges:
    • Uncertainty Associated with Subsea Production
    • For a full detailed list, view our report.
  • Market Trends:
  • Key Vendors:
    • Aker Solutions
    • Cameron
    • FMC Technologies Inc.
    • GE Energy
  • Other Prominent Vendors:
    • National Oilwell Varco
    • Oceaneering International
    • Transocean
    • Vallourec

TechNavio currently has more than 3000 market research reports on a huge range of topics, including 50+ reports on oil recovery:

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

TechNavio Research
Jes Ellacott
US: +1 630 333 9501 UK: +44 208 123 1770
Media & Marketing Executive
www.technavio.com
media@technavio.com

Release Summary

According to research firm TechNavio, the Global Subsea Processing Market is expected to grow in tandem with rising global demand for oil and gas, projecting a CAGR of 18.5 percent from 2014-2018.

Contacts

TechNavio Research
Jes Ellacott
US: +1 630 333 9501 UK: +44 208 123 1770
Media & Marketing Executive
www.technavio.com
media@technavio.com