The Asia-Pacific subsea production system market was valued at $1,547.7 million in 2013, and is forecasted to reach $1,958.2 million by 2018. It is expected to grow at a moderate CAGR of 4.8% from 2013 to 2018. Surf technology, the largest technology in this region, was accounted for $620.3 million in 2013. Due to the pressure of enhancing crude oil production in the Asia-Pacific region, exploration and production companies are driven towards new fields of exploration in offshore areas.
The report ‘Asia-Pacific Subsea Production System Market forecast, 2013-2018’ analyzes the subsea production system by technology. The subsea production technology includes surf, trees, controls, and manifolds.
Surf technology market holds around 40% share of the Asia-Pacific subsea production system market, and is expected to reach around 43% share by the end of 2018.
Top service providers in this region are Aker Solutions (Norway), GE (U.S.), Anadarko (U.S.), Cameron International Corporation (U.S.), and FMC Technologies (U.S.). Surf technology is the major segment of subsea production system in Asia-Pacific. It is expected to growth at a CAGR of 6.3% from 2013 to 2018.
The report also provides an extensive competitive landscaping of companies operating in the subsea production. Some of the key players operating in the market are Aker Solution, GE, Anadarko, Cameron, NOV, Oceaneering, and FMC Technologies. Regional market shares, new product or service launches, M&A, and the product portfolio of key market players have been detailed in the report.
Along with the market data, you can also customize MMM assessments that meet your company’s specific needs. Customize to get comprehensive industry standard and deep dive analysis of the following parameters:
Product benchmarking outlook
- Comparison of service portfolio of each company mapped at technology level
- Project status (operational/installed, Planned)
- Activity in every major deepwater basin
- Country wise investment opportunities analysis
Customer Segment Outlook
- Producing well count (country level data)
- Number of wells ( country level data)
- Total reserves (country level)
- Subsea tree installations by region
- Subsea tree installations by operator
- Subsea tree Installations by water depth
- Subsea equipment capex by region
Current Industry Challenges
- Challenges faced in subsea production industry
- Incidents and accidents in the subsea industry (Information about accident date, geographical area, type of unit, and main event is given for each accident)
- Developing technology to compress natural gas on the seabed
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