Captive Generation Market in Subsea worth $2,365.1 Million By 2018 - PowerPoint PPT Presentation

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Captive Generation Market in Subsea worth $2,365.1 Million By 2018

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[241 Pages Report] Power Grid System Market in Subsea report categorizes the global market by Offshore Power Supply (Captive Generation, Wind Power, Others) by Components (Cables, Variable Speed Drives, Transformers, Switchgears, Others) & by Geography-A PPT – PowerPoint PPT presentation

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Title: Captive Generation Market in Subsea worth $2,365.1 Million By 2018


1
MarketsandMarkets Presents
Captive Generation Market in Subsea worth
2,365.1 Million By 2018

http//www.marketsandmarkets.com/Market-Reports/su
bsea-power-grid-offshore-supply-market-1100.html
2
  • The report "Power Grid System Market In Subsea,
    By Offshore Power (Captive Generation, Wind
    Power, Others), Components (Cables, Variable
    Speed Drives, Transformers, Switchgears, Others),
    and Geography - Global Trends Forecast To
    2018. defines and segments the global subsea
    power grid market with analysis and forecast of
    the global revenue. Subsea power grid market will
    grow from an estimated 1,196.6 million in 2013
    to 2,365.1 million by 2018, with a CAGR of 11.9
    through 2018.
  • Browse gtgt
  • 99 market data tables
  • 25 figures
  • 241 pages and in-depth TOC on  Power Grid
    System Market
  • Early buyers will receive 10 customization of
    this report.
  • http//www.marketsandmarkets.com/Market-Reports/su
    bsea-power-grid-offshore-supply-market-1100.html

3
Power grid system market in subsea is mainly
driven by growing demand for energy and
increasing investment in offshore infrastructure.
High rate of exploration and production of
offshore oil wells and thriving investment in oil
fields developments in deeper waters, is the
major growth engine for this market. African
region is the largest end user market for subsea
power grid services and solutions and is expected
to continue with the same trend. Subsea and
offshore industry acts as the parent market of
power grids system market in subsea. Its growth
and demand is highly influenced by the parent
market. Capital spending of the subsea has
significantly increased, which clearly depicts
the growth of the subsea sector globally. Subsea
equipment like compressors, boosters, etc.,
requires power supply for various subsea
exploration processes, and this is provided by
the subsea power grid system, which is quite
essential in order to have an efficient subsea
operation. The deepwater subsea market is
growing and will continue to grow significantly
over the next five years, with West Africa, North
America, and Europe leading the way in total
expenditures. This has created a considerable
market for power grids in subsea and power supply
equipment, and will continue to expand with the
subsea market. This trend makes the subsea power
grid system industry lucrative for both
grid/components manufacturers and service
operators. On account of heavy offshore
infrastructure development and shifting focus
towards renewable energy sources, the power grid
system market in subsea will experience a
tremendous increase in demand in the years to
come.
4
In the current global power grid system market in
subsea, the cables are the key component on the
basis of market size and are projected to grow
with significant rate in the near future. The
cables demand is projected to increase heavily
due to the increased subsea equipments requiring
power supply. Europe is representing a huge
potential in terms of renewable energy supply for
subsea power grids system. Subsea power grid
manufactures and solution providers are
continuously trying to integrate their existing
technologies in order to provide a more cost
effective and efficient solution, which in turn
helps them to secure bulk supply and service
contracts. Being a high technologically
innovative market, it has a few number of
industry players which are well established.
Contracts, agreements, joint ventures and
partnership activities are some of the key
strategies followed by leading industry players
to increase their market penetration in various
regions. Leading industry players of this market
include FMC Technologies Inc. (U.S.), ABB Ltd
(Switzerland), General Electrics Co. (U.S.), Aker
Solutions ASA (Norway), Cameron International
Corp (U.S.), and Siemens AG (Germany). The report
forecasts global revenue of power grid system
market in subsea and its various submarkets with
respect to six main regions such as Africa, Latin
America, Europe, Asia-Pacific, North America, and
Rest of World. Enquiry Before Buying
_at_ http//www.marketsandmarkets.com/Enquiry_Before_
Buying.asp?id1100
5
About MarketsandMarkets
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