LONDON--(BUSINESS WIRE)--Technavio has been monitoring the subsea production systems market and it is poised to grow by USD 1 bn during 2020-2024, progressing at a CAGR of almost 3% 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, Dril-Quip Inc., General Electric Co., Halliburton Co., National Oilwell Varco Inc., Nexans SA, Prysmian Spa, Schlumberger Ltd., Siemens AG, and TechnipFMC Plc are some of the major 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.
Rising deep and ultra-deepwater drilling projects have been instrumental in driving the growth of the market.
Subsea Production Systems Market 2020-2024 : Segmentation
Subsea Production Systems Market is segmented as below:
-
Type
- SURF
- Pressure Control System
- Subsea Trees
- Manifold
-
Geography
- Europe
- APAC
- North America
- MEA
- South America
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Subsea Production Systems 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 production systems market report covers the following areas:
- Subsea Production Systems Market size
- Subsea Production Systems Market trends
- Subsea Production Systems Market industry analysis
This study identifies the adoption of ERD technology as one of the prime reasons driving the subsea production systems market growth during the next few years.
Subsea Production Systems Market 2020-2024 : Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the subsea production systems market, including some of the vendors such as Aker Solutions ASA, Dril-Quip Inc., General Electric Co., Halliburton Co., National Oilwell Varco Inc., Nexans SA, Prysmian Spa, Schlumberger Ltd., Siemens AG, and TechnipFMC Plc Backed with competitive intelligence and benchmarking, our research reports on the subsea production systems 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 Production Systems Market 2020-2024 : Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist subsea production systems market growth during the next five years
- Estimation of the subsea production systems market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the subsea production systems market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of subsea production systems market vendors
Table Of Contents :
Executive Summary
Market Landscape
- Market ecosystem
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Equipment Type
- Market segments
- Comparison by Equipment type
- SURF - Market size and forecast 2019-2024
- Pressure control system - Market size and forecast 2019-2024
- Subsea trees - Market size and forecast 2019-2024
- Manifold - Market size and forecast 2019-2024
- Market opportunity by Equipment type
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Aker Solutions ASA
- Dril-Quip Inc.
- General Electric Co.
- Halliburton Co.
- National Oilwell Varco Inc.
- Nexans SA
- Prysmian Spa
- Schlumberger Ltd.
- Siemens AG
- TechnipFMC Plc
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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