Market Overview

Insights & Forecast with Potential Impact of COVID-19 - Subsea Production Systems Market 2020-2024 | Rising Deep And Ultra-deepwater Drilling Projects to Boost Growth | Technavio

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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.

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Technavio has announced its latest market research report titled Global Subsea Production Systems Market 2020-2024 (Graphic: Business Wire)

Technavio has announced its latest market research report titled Global Subsea Production Systems Market 2020-2024 (Graphic: Business Wire)

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

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=IRTNTR43675

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

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.

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