With new fields being discovered in the offshore regions, the declining recovery rate, and production from ageing fields, solutions in the form of new technology are highly imperative. This report discusses the driving and restraining factors that are expected to impact the future growth of the North American subsea production system market.
The North American subsea production system market was valued at $3,099.2 million in 2013, and is forecasted to reach $4,015.3 million by 2018. It is projected to grow at a CAGR of 5.3% from 2013 to 2018. Surf technology in subsea production system accounted for $1,277.2 million in 2013, due to increase in deep and ultra-deep water activity.
The report ‘North America Subsea Production System Market forecast, 2013-2018’ analyzes the subsea production technology in terms of value. This technology includes surf, trees, controls, and manifolds.
Surf technology market holds around 41% share of the North American subsea production system market, and is expected to reach around 44% share by the end of 2018. North American offshore fields are pretty mature and are producing hydrocarbons since a long time. Hence, the subsea production systems market is experiencing a slow growth in this region.
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 North America. It is expected to growth with a CAGR of 6.7% 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, Oceaneering, 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
- Global perspectives subsea market provides following information:
- Field Operator
- Project Name
- Project Status (Operational/Installed, Planned)
- Numbers of Subsea Wells
- Field Production Rates
- Water Depths
- Depletion Date/Year
- 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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