The Middle East and Africa subsea production system market was valued at $4,223.3 million in 2013, and is forecasted to reach $6,192.9 million by 2018. It is expected to grow at a moderate CAGR of 8.0% from 2013 to 2018. Surf technology, the largest technology in this region, was accounted for $1,690.9 million in 2013, due to the presence of ample oil and gas reserves and offshore industry emergence. This is followed by a hefty investment in infrastructure.
The report ‘Middle East and Africa 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 Middle East and Africa subsea production system market, and is expected to reach around 42% share by the end of 2018.
Africa provides vast quantities of fossil energy resources. Furthermore, the continent has witnessed frequent and substantial new discoveries of oil and gas reserves. In the past years, oil and gas reserves have grown massively. Africa’s rich oil fields and the prospects for more discoveries have transformed it into an important player and a key target in global oil production and hydrocarbon resource extraction.
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 the Middle East and Africa. It is expected to growth with a CAGR of 9.1% from 2013 to 2018.
The report also provides an extensive competitive landscaping of companies operating in 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
Please fill in the form below to receive a free copy of the Summary of this Report
Please visit http://www.micromarketmonitor.com/custom-research-services.html to specify your custom Research Requirement
Middle East and Africa Subsea Equipments
The presence of rich oil fields in Africa and new discoveries of oil & gas reserves along with the ever increasing energy demand are driving the Middle East & African subsea equipment market. This market is expected to grow approximately at a CAGR of 9% from 2014 to 2019.
North America Subsea Equipments
The rising deep water exploration activities along with technological advancement are driving the North American subsea equipment market. This market is expected to grow approximately at a CAGR of 7% from 2014 to 2019.
Latin America Subsea Equipments
The rising offshore exploration activities along with increasing capital spending are driving the Latin American subsea equipment market. This market is expected to grow approximately at a CAGR of 8% from 2014 to 2019.
Europe Subsea Equipments
The rising offshore exploration activities along with technological advancement are driving the European subsea equipment market. This market in Europe is expected to grow approximately at a CAGR of 6% from 2014 to 2019.
Asia-Pacific Subsea Equipments
The new offshore field discoveries along with the technological advancement are driving the Asia-Pacific subsea equipment market. This market is expected to grow approximately at a CAGR of 6% from 2014 to 2019.