The Latin American subsea production system market was valued at $3,711.2 million by 2013, and is forecasted to reach $5,414.6 million by 2018. It is expected to grow at a CAGR of 7.8% from 2013 to 2018. Surf technology in subsea production system accounted for $1,483.3 million in 2013, due to growing trend with the discovery of new reserves signifying high exports in this region.
The report ‘Latin America Subsea Production System Market forecast, 2013-2018’ analyzes by technology in terms of value. The subsea production technology includes surf, trees, controls, and manifolds.
Surf technology market holds around 40% share of the Latin America subsea production system market, and is expected to reach around 42% by the end of 2018. Latin America represents a huge potential market for subsea production systems in the near future.
Increasing oil and gas production works as a supplement for the subsea production and processing systems market. The growing demand of energy can be catered only by increasing the production of hydrocarbons, which is carried out by enhanced oil recovery to boost the production or by drilling new wells.
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 producer of subsea production system in South America. It is expected to grow at a CAGR of 9.0% 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, Oceneering, and FMC Technologies. Regional market shares, new product or service launches, M&A, and the product portfolio of the 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 or 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
- List of tree manufacturer
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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