Transparency Market Research Subsea Boosting Systems Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 - 2023 Published Date 02-Feb-2016 102 Page Report Buy Now Request Sample Press Release Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com [email protected] Subsea Boosting Systems Market REPORT DESCRIPTION Subsea Boosting Systems Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 - 2023 A subsea boosting system mostly comprises a raw subsea water injection, gas compression, and multiphase and down-hole boosting. This procedure helps in faster and safer start-up of low-energy wells, surges production and recovery, enhances the economic life of the field, and allows for an innovative production strategy. The increasing depth of oilfields, low reservoir pressure, growing distance from the host, rising number of field tiebacks to the host, and heavy oil are some of the major factors that are estimated to boost the demand for the global subsea boosting systems market in the next few years. Complete Report Subsea Boosting Systems Market with TOC : http://www.transparencymarketresearch.com/subsea-boosting-systems-market.html In 2014, the global market for subsea boosting systems was worth US$1.3 bn and is anticipated to reach a value of more than US$3 bn by the end of 2023. The market is projected to register a progressive 9.70% CAGR between 2015 and 2023. Technologically Advanced Subsea Boosting Systems to Boost Production Capacities of Oil and Gas Companies In recent years, the global market for subsea boosting systems market registered significant growth owing to the technological developments in this sector. The advancements in this market have resulted in boosting the production of ultra-deep water hydrocarbon, exploration of oil and gas in the Artic region, and enhancement of the recovery from existing reserves. The introduction of advanced and innovative subsea boosting systems has further helped major oil and gas companies in optimizing their production capacities. Based on water depth, the global market for subsea boosting systems can be classified into deep water and shallow water systems. In 2014, the shallow water segment accounted for a 57.8% share in the global subsea boosting systems market. Furthermore, based on application, the global market for subsea boosting systems can be segmented into gas and oil fields. In 2014, the segment of oil fields accounted for the dominant share of 69.4% in the overall market. Brazil to Lead South and Central America Market for Subsea Boosting Systems by 2023 By geography, the global market for subsea boosting systems can be divided into North America, South and Central America, Asia Pacific, Africa, the Middle East, and Europe. In 2014, Asia Pacific accounted for the largest share of 25% in the global subsea boosting systems market. The high growth of this region can be contributed to the increasing production of gas and oil. Australia, Indonesia, and China are some of the countries that are contributing immensely towards the growth of the subsea boosting systems market in Asia Pacific. In addition, India, the Philippines, and South Korea are also a part of the subsea boosting systems market. Asia Pacific is followed by Europe and Africa in the global regional hierarchy. The increasing demand for energy, along with the requirement for increasing offshore oilfield production, is the Transparency Market Research 2 Subsea Boosting Systems Market major factor expected to drive the Europe market in the coming years. The South and Central America market for subsea boosting systems is anticipated to exhibit substantial growth in the next few years, with Brazil as the leading market in the region. The prominent players operating in the global market for subsea boosting systems are OneSubsea, ITT Bornemann GmbH, Aker Solutions ASA, FMC Technologies, Inc., Sulzer Ltd., GE Oil & Gas, and Baker Hughes Incorporated. TABLE OF CONTENT Section 1 Preface Report Description Market Segmentation Research Scope Research Methodology Section 2 Executive Summary Global Subsea Boosting Systems Market Estimates and Forecasts (US$ Mn) Overview Section 3 Industry Analysis Introduction Value Chain Analysis of Subsea Boosting Systems Market Transparency Market Research 3 Subsea Boosting Systems Market Market Dynamics Driver 1 – Maturing oil and gas reserves and flat reserves-to-production ratio Driver 2 – Technological advancements in subsea boosting equipment Driver 3 – Growing subsea capital expenditure on production hardware Restraint 1 – Fluctuating crude oil prices Opportunity 1 – Rising number of offshore oil and gas discoveries Opportunity 2 – Increase in drilling activities in deepwater and ultra-deepwater Porter’s Five Forces Analysis Market Attractiveness Analysis of Subsea Boosting Systems Market, 2014 Company Market Share, Subsea Boosting Systems Market (%) 2014 Section 4 Subsea Boosting Systems Market: Water Depth Overview Global Subsea Boosting Systems Market, Estimates and Forecast, By Water Depth, 2014–2023 (US$ Mn) Global Subsea Boosting Systems Market, Estimates and Forecast, By Shallow Water, 2014–2023 (US$ Mn) Global Subsea Boosting Systems Market, Estimates and Forecast, By Deep Water, 2014–2023 (US$ Mn) Section 5 Subsea Boosting Systems Market: Application Overview Global Subsea Boosting Systems Market, Estimates and Forecast, By Application, 2014–2023 (US$ Mn) Global Subsea Boosting Systems Market, Estimates and Forecast, by Oil Fields, 2014–2023 (US$ Mn) Transparency Market Research 4 Subsea Boosting Systems Market Global Subsea Boosting Systems Market, Estimates and Forecast, by Gas Fields, 2014–2023 (US$ Mn) Section 6 Subsea Boosting Systems Market - Regional Overview Subsea Boosting Systems Market - Regional Overview Subsea Boosting Systems Market - Asia Pacific Asia Pacific Subsea Boosting Systems Market, Estimates and Forecast, By Water Depth, By Value, 20142023 (US$ Mn) Australia Subsea Boosting Systems Market, by Revenue, 2014–2023 (US$ Mn) China Subsea Boosting Systems Market, by Revenue, 2014–2023 (US$ Mn) Rest of Asia Pacific Subsea Boosting Systems Market, by Revenue, 2014–2023 (US$ Mn) Subsea Boosting Systems Market - Europe Europe Subsea Boosting Systems Market , Estimates and Forecast, By Water Depth, By Value, 20142023 (US$ Mn) Norway Subsea Boosting Systems Market, by Revenue, 2014–2023 (US$ Mn) U.K. Subsea Boosting Systems Market, by Revenue, 2014–2023 (US$ Mn) Rest of Europe Subsea Boosting Systems Market, by Revenue, 2014–2023 (US$ Mn) Subsea Boosting Systems Market - Africa Africa Subsea Boosting Systems Market, Estimates and Forecast, By Water Depth, By Value, 2014-2023 (US$ Mn) Nigeria Subsea Boosting Systems Market, by Revenue, 2014–2023 (US$ Mn) Angola Subsea Boosting Systems Market, by Revenue, 2014–2023 (US$ Mn) Rest of Africa Subsea Boosting Systems Market, by Revenue, 2014–2023 (US$ Mn) Transparency Market Research 5 Subsea Boosting Systems Market Subsea Boosting Systems Market - South & Central America South & Central America Subsea Boosting Systems Market, Estimates and Forecast, By Water Depth, By Value, 2014-2023 (US$ Mn) Brazil Subsea Boosting Systems Market, by Revenue, 2014–2023 (US$ Mn) Venezuela Subsea Boosting Systems Market, by Revenue, 2014–2023 (US$ Mn) Rest of South & Central America Subsea Boosting Systems Market, by Revenue, 2014–2023 (US$ Mn) Subsea Boosting Systems Market – North America North America Subsea Boosting Systems Market, Estimates and Forecast, By Water Depth, By Value, 2014–2023 (US$ Mn) U.S. Subsea Boosting Systems Market, by Revenue, 2014–2023 (US$ Mn) Mexico Subsea Boosting Systems Market, by Revenue, 2014–2023 (US$ Mn) Rest of North America Subsea Boosting Systems Market, by Revenue, 2014–2023 (US$ Mn) Subsea Boosting Systems Market – Middle East Middle East Subsea Boosting Systems Market, Estimates and Forecast, By Water Depth, By Value, 2014– 2023 (US$ Mn) Saudi Arabia Subsea Boosting Systems Market, by Revenue, 2014–2023 (US$ Mn) U.A.E. Subsea Boosting Systems Market, by Revenue, 2014–2023 (US$ Mn) Rest of Middle East Subsea Boosting Systems Market, by Revenue, 2014–2023 (US$ Mn) Get FREE Sample PDF file of : http://www.transparencymarketresearch.com/sample/sample.php? flag=S&rep_id=5378 Section 7 Company Profiles Aker Solutions Transparency Market Research 6 Subsea Boosting Systems Market Baker Hughes Incorporated Flowserve Corporation FMC Technologies, Inc. Framo AS General Electric Company ITT Bornemann GmbH Leistritz Advanced Technologies Corp OneSubsea Sulzer Ltd. Complete Report Subsea Boosting Systems Market with TOC : http://www.transparencymarketresearch.com/subsea-boosting-systems-market.html About Us Transparency Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forwardlooking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Contact Transparency Market Research 90 State Street, Suite 700, Transparency Market Research 7 Subsea Boosting Systems Market Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-552-3453 Email: [email protected] Website: http://www.transparencymarketresearch.com/ Transparency Market Research 8
The top companies operating in the global subsea boosting systems market are FMC Technologies, Inc., GE Oil & Gas, and OneSubsea, among others. These three players constitute a dominant share of 78% in the market, as per Transparency Market Research. The increasing count of strategic subsea partnerships amongst the top service providers of subsea boosting technology services have enabled these top companies in consolidating the market share amongst them. The threat of substitutes in the market will remain low, while the degree of competition is estimated to shift to medium from high from 2015 to 2023. The global subsea boosting system market is predicted to grow at a 9.70% CAGR between 2015 and 2023 and is predicted to value US$3.07 bn by 2023 end. In terms of application, the segment of oil field is predicted to lead the market. This is due to the rising investments in shallow water oil drilling and the utilization of helicoaxial pumps having enhanced subsea boosting systems. In addition, owing to the increasing research activities taking place by companies for oil field discovery, this application segment is predicted to hold a share of 67.7% by 2023, in terms of revenue.
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