DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Subsea Pumps Market Outlook to 2020 - Market Analysis by Geography, Type, Application, Competitive Landscape, Key Company Information - Growth Trends and Forecasts" report to their offering.
Subsea pumping is one of the most mature solutions for increasing oil recovery from subsea tiebacks. The major advantages working with subsea pumps being:
2)Increases recovery and extension of field life
4)Facilitates production from low energy reservoirs
5)Improves flow assurance
Ever increasing energy demand, increasing offshore new exploration and production activities, increasing investments in oil and gas industry are driving the market. On the flip side, environmental issues, reliability of the subsea units and costs associated with intervention operations are restraining the market from growth.
North America is expected to lead the subsea pumps market in the coming decade, as the regions new exploration activity is at its all time high and the operators are often forced to work in much deeper waters which require sophisticated technology and equipment. On the flipside, maintenance and operational issues, costs associated with operating in subsea environment and government policies are constraining the market from growth.
With the number of installed and planned subsea pump projects are increasing across the globe, the market is poised to witness a huge growth in market demand in the coming decade. Also costs associated with subsea drilling are high at the beginning, as the companies need to move equipment and personnel to the well site.
2. Executive Summary
3. Market Overview
4. Drivers, Constraints and Opportunities
5. Subsea Pumps Value Chain Analysis
6. Global Subsea Pumps Market Analysis, by Geography
7. Global Subsea Pumps Market Analysis, by Type
8. Global Subsea Pumps Market Analysis, by Application
10. Key Company Analysis
11. Competitive Landscape
For more information about this report visit http://www.researchandmarkets.com/research/pb5cw2/global_subsea