Pre & Post COVID-19 Market Estimates-Subsea Well Access and Blowout Preventer System Market 2020-2024 | Rise in Deepwater and Ultra-deepwater E&P Activities to Boost Growth | Technavio

Technavio has announced its latest market research report titled Global Subsea Well Access and Blowout Preventer System Market 2020-2024 (Graphic: Business Wire)

LONDON--()--Technavio has been monitoring the subsea well access and blowout preventer system market and it is poised to grow by USD 2.85 bn during 2020-2024, progressing at a CAGR of about 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please request Latest Free Sample Report on COVID-19 Impact

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Aker Solutions ASA, Baker Hughes a GE Co., Dril-Quip Inc., Eaton Corp. Plc, Halliburton Co., National Oilwell Varco Inc., Oceaneering International Inc., Schlumberger Ltd., TechnipFMC Plc, and Weatherford International Plc, are some of the major market participants. Although the rise in deepwater and ultra-deepwater E&P activities will offer immense growth opportunities, fluctuations in price of crude oil will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Rise in deepwater and ultra-deepwater E&P activities has been instrumental in driving the growth of the market. However, fluctuations in price of crude oil might hamper market growth.

Subsea Well Access and Blowout Preventer System Market 2020-2024 : Segmentation

Subsea well access and blowout preventer system market is segmented as below:

  • Product
    • Subsea BOP
    • Subsea WAS
  • Geographic Landscape
    • APAC
    • Europe
    • MEA
    • North America
    • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41579

Subsea Well Access and Blowout Preventer System Market 2020-2024 : Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our subsea well access and blowout preventer system market report covers the following areas:

  • Subsea Well Access and Blowout Preventer System Market Size
  • Subsea Well Access and Blowout Preventer System Market Trends
  • Subsea Well Access and Blowout Preventer System Market Industry Analysis

This study identifies growing demand for oil and natural gas as one of the prime reasons driving the subsea well access and blowout preventer system market growth during the next few years.

Subsea Well Access and Blowout Preventer System Market 2020-2024 : Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the subsea well access and blowout preventer system market, including some of the vendors such as Aker Solutions ASA, Baker Hughes a GE Co., Dril-Quip Inc., Eaton Corp. Plc, Halliburton Co., National Oilwell Varco Inc., Oceaneering International Inc., Schlumberger Ltd., TechnipFMC Plc, and Weatherford International Plc. Backed with competitive intelligence and benchmarking, our research reports on the subsea well access and blowout preventer system market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Subsea Well Access and Blowout Preventer System Market 2020-2024 : Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist subsea well access and blowout preventer system market growth during the next five years
  • Estimation of the subsea well access and blowout preventer system market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the subsea well access and blowout preventer system market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of subsea well access and blowout preventer system market vendors

Table Of Contents :

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product placement
  • Subsea BOP - Market size and forecast 2019-2024
  • Subsea WAS - Market size and forecast 2019-2024
  • Market opportunity by Product

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • MEA - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher-priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption
  • Vendor Analysis

Vendors covered

  • Market positioning of vendors
  • Aker Solutions ASA
  • Baker Hughes, a GE Co.
  • Dril-Quip Inc.
  • Eaton Corp. Plc
  • Halliburton Co.
  • National Oilwell Varco Inc.
  • Oceaneering International Inc.
  • Schlumberger Ltd.
  • TechnipFMC Plc
  • Weatherford International Plc

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The subsea well access and blowout preventer system market size has the potential to grow by USD 2.85 billion during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/