Subsea transformers are used in subsea power distribution systems to supply power to subsea components. A subsea transformer is a step-down unit that converts high voltage to low voltage, which is suitable to operate compressors, pumps, and motors while providing reliable performance and cost benefits. It enables declining oil and gas fields to be more productive and helps make new deep water fields accessible.
Increasing capital spending on subsea infrastructure along with an increasing deep water exploration drive the global subsea transformer market. The global subsea transformers market is expected to grow at a brisk pace from 2014 to 2019.
Increasing attention of E&P companies towards offshore fields due to the maturity of onshore fields increases power requirements in the subsea region. The demand for subsea transformers is driven due to its necessity in the distribution of power in offshore regions.
The market is segmented and forecast based on water depth and geography. The water depth includes shallow water and deep water. The market is further segmented based on major regions such as Asia-Pacific, Europe, North America, and Rest of the World.
The market share analysis, by revenue, of the top companies has also been included in the report. The market share analysis of these key players are arrived at, based on key facts, annual financial information, and interviews with key opinion leaders such as CEOs, Directors, and marketing executives.
In order to present an in-depth understanding of the competitive landscape, this report on the global subsea transformers market consists of company profiles of key market players. This report also includes the market share and value chain analyses, along with market metrics such as drivers and restraints.
1.1 Analyst Insights
1.2 Market Definitions
1.3 Market Segmentation & Aspects Covered
1.4 Research Methodology
2 Executive Summary
3 Market Overview
4 By Applications
4.1 Power Generation
4.2 Power Transmission
4.3 Power Distribution
4.4 Subsea Power Grid
5 By Voltages
5.1 Ultra High Voltage (UHV)
5.2 Extra High Voltage (EHV)
5.3 High Voltage (HV)
5.4 Medium Voltage (MV)
6 By Companies
6.1 ABB LTD
6.2 General Electric
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