Subsea Production and Processing Systems Market worth $24.6 Billion by 2018
DALLAS, March 4, 2014 /PRNewswire/ –
The report “Subsea Production & Processing Systems Market by Technology/Components
(Subsea Umbilicals, Risers, Flowlines, Trees, Control Modules, Manifolds), Types
(Boosting, Injection, Separation, Compression) & Geography – Global Trends & Forecast to
2018″, defines and segments the subsea production and processing systems market with
analysis and forecasting of the global revenue.
Browse more than 54 market data tables with 27 figures spread through 249 pages and
in-depth TOC on “Subsea Production & Processing Systems – Global Trends & Forecast to
Early buyers will receive 10% customization on this report.
The Subsea Production and Processing Systems Market is likely to grow reasonably in
upcoming years. The long-term drivers of the subsea market are well known. The relentless
depletion of onshore and shallow water fields has compelled oil companies to focus on deep
water areas where a combination of floating and subsea production units is used to extract
hydrocarbons. In recent years, this trend has been reinforced by operators favoring
technological risks over political risks, with oil companies preferring to leverage their
technological capability in deeper water play than to engage in places such as Iran and
Venezuela that have an unpredictable business environment for investors.
The market has been estimated from demand side. This report breaks the market into
smaller product segments. In order to provide a deeper understanding of the competitive
landscape, the report profiles 23 companies in the Subsea Production and Processing
The Subsea Production and Processing Systems Market is valued at over $18 billion in
2013 and is forecasted to grow at a CAGR of 6% from 2013 to 2018 to reach more than $24
billion by 2018. Subsea production systems are the major revenue generating equipment
which generated around $17 billion revenue in 2013 and is expected to reach more than $22
billion by 2018.
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