Research Reports Subsea Switchgear Market 2015 - 2023

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Subsea Switchgear Market - Global Industry
Analysis, Size, Share, Trends, Analysis,
Growth and Forecast 2015 - 2023
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Increasing investment in offshore reserves by exploration and production companies to meet energy
demand has resulted in increasing offshore production activities. There are various methods to produce oil
and gas from offshore reserves including FPSO (floating production storage and offloading) vessels and
subsea production. The subsea switchgear market is driven by the growth of the subsea installations
market. Subsea production units are expected to be more favorable due to its various advantages over
other offshore production systems. Subsea systems are capable of operating in harsh environmental
conditions such as the Arctic.
In-depth research report on Subsea Switchgear Market with Full TOC at :
These systems will eliminate the need of an offshore production facility and will also provide cost benefits
when compared with a huge production platform which results in huge operating cost. This also eliminates
the need of long power lines ultimately results in less expenditure. The first ever subsea power distribution
system to go into operation was the Ormen Lange pilot in Egersund Norway.
Subsea units will use high voltage distribution equipment to operate the subsea systems. The earlier
subsea facility was powered from the surface making it reliable but very costly. In order to reduce the
operational cost, companies started to place the electricity distribution system on the seabed. This
resulted in cost reduction but the reliability was not hampered. Thus the electrical equipment are now
located near the electricity generation facility which is a common practice in onshore facilities. Improved
and reliable technology is required to overcome the subsea installation constraints such as high pressure
and presence of salt water. System aspects plays an important role in selecting the individual devices in
order to be sure that the devices are fit for all operating conditions. The switchgear is an important
component for subsea power grid.
The subsea switchgear market can be segmented on the basis of voltage into extreme high voltage (EHV),
ultra high voltage (UHV), high voltage (HV), medium voltage (MV) and low voltage (LV). Subsea high and
low voltage switchgear is a key enabling component for subsea processing units. The majority of
connections between different equipments are made by using the low voltage switchgear cubicles. In order
to reduce the length of HV busbar and its support system, the HV equipment are placed together. The
transformers are installed between HV circuit breakers and LV cubicles making it a symmetrical
Rising oil prices are boosting the confidence of oil companies to invest such amount in deepwater drilling
and production facilities. This investment is expected to increase in the near future with the increasing
energy demand and depleting onshore oil reserves. Increasing deep and ultra deep water drilling activity is
increasing the demand of subsea production facilities which ultimately drive the subsea switchgear
market. An enormous opportunity lies with the vast number of unexplored deep and ultra deep reserves
across the globe which will require subsea installation. The Golden Triangle constituting of GOM (the gulf of
Mexico), Brazil and West Africa is expected to be the most attractive region for offshore oil and gas
production during the forecast period.
Some of the key players in subsea switchgear market include ABB Limited, Mitsubishi Hitachi Power
Systems Americas, Inc., Siemens AG, Schneider Electric, Aker Solutions, Pelamis Wave Power Ltd.,
Cameron International Corporation, General Electric Company and FMC Technologies, Inc. among others.
This research report analyzes this market on the basis of its market segments, major
geographies, and current market trends. Geographies analyzed under this research report
North America
Asia Pacific
Middle East and Africa
Latin America
This report provides comprehensive analysis of
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It
provides market projections for the coming years. It includes analysis of recent developments in
technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing market players and new entrants
along with detailed value chain analysis.
Reasons for Buying this Report
This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of
It helps in making informed business decisions by having complete insights of market and by
making in-depth analysis of market segments
It provides distinctive graphics and exemplified SWOT analysis of major market segments
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Transparency Market Research has compiled large amounts of data on the global industries in the energy and mining sector. One such report is titled “Subsea Switchgear Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast 2015 – 2023,” and it provides facts to help stakeholders understand this market better. The report utilizes current and recent market trends along with proven market analytics in order to derive a feasible forecast for the market. View summary of this report @ : The primary driver of the global subsea switchgear market is the growing amount of investments made in the exploration and production of offshore crude reserves. Companies are exploring deeper into offshore sources of oil in order to meet the rising global demand for energy and fuel. The global subsea switchgear market is a direct benefactor of the growing market for subsea installations, and therefore can find a larger scope of use as the investments increase.