Subsea Systems Market Share, By Key Companies, Trends & Forecasts to 2021

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Subsea Systems Market by Subsea Production ,
Subsea Processing , and Region - Global Forecast
to 2021
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Subsea Systems Market by Subsea Production
(Subsea Umbilicals, Risers, Flowlines (SURF),
Trees, Manifolds, Control System), Subsea
Processing (Boosting, Separation, Injection,
Compression), and Region - Global Forecast to
2021 The global subsea systems market is
estimated to be USD 15.78 Billion in 2016, and is
expected to grow at a CAGR of 2.02 from 2016 to
2021. Increasing deepwater production and
exploration activities and investments by
emerging economies in offshore exploration are
major factors driving the subsea systems
market. PDF Brochure http//www.marketsandma
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Subsea Production The largest segment by
type The subsea systems market has been broadly
classified on the basis of type into production
system and processing system. Subsea production
system segment accounted for the largest share of
the market in 2015, while subsea processing
system segment is projected to grow at a faster
pace among the two segments. Subsea production
will witness demand from continuing deepwater
activities in Africa, the U.S. Gulf of Mexico,
and South America. The subsea processing system
market will be driven by the need for improving
recovery rates in shallow water fields,
particularly across the North Sea. Request
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SURF Biggest market by subsea production
technology Subsea Umbilicals Risers and
Flowlines (SURF) are important equipment in
subsea production systems. Umbilical system is a
bundled arrangement of piping, tubing, and
electrical conductors which are bounded in
armored sheath. The primary application of
umbilical is to transmit control fluids. It is
also used to monitor pressures and inject fluids.
The rising focus on deepwater drilling is the
major driver for the SURF market. Moreover, the
oil discoveries in emerging economies, especially
in Africa, provide further positive contributions
to the subsea systems market. Request Sample
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Europe The largest market for subsea
systems The European region was the largest
estimated market for subsea systems in 2015,
driven largely by the developments in Norway and
the U.K. These developments took place due to
policy changes by governments to increase the
production. Moreover, the offshore oil reserves
in the U.K. and Norway provide attractive
business opportunities for major oil operators to
invest which will further drive the subsea
systems market. Speak to analyst _at_
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To enable an in-depth understanding of the
competitive landscape, the report includes
profiles of some of the top players in the subsea
systems market. These players include Subsea 7
(U.K.), FMC Technologies (U.S.), GE Oil Gas
(U.S.), Aker Solutions (Norway), One Subsea
(U.S.), Technip (France), Dril-Quip, Inc. (U.S.),
and Kongsberg Oil Gas Technologies (Norway).
Leading players are trying to penetrate
developing markets such as Africa and
Asia-Pacific, and are adopting various strategies
to increase their market share.
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Browse gtgt 69 market data
tables 49 figures
159 pages and in-depth TOC on Subsea
Systems Market- Global Forecast to 2021 Early
buyers will receive 10 customization on this
report. This is a Premium Report Priced at US
5650 for single user. Corporate User
US8150 This study answers several questions for
the stakeholders, primarily which market segments
to focus on in the next two to five years to
prioritize efforts and investments.
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