Transparency Market Research Subsea Boosing Systems Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 - 2023 Published Date 02-Feb-2016 Buy Now Press Release 102 Page Report Request Sample Increasing Exploration Activities by Oil and Gas Companies to Boost Demand for Subsea Boosting Systems, reports TMR Transparency Market Research StateTower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com sales@transparencymarketresearch.com Subsea Boosing Systems Market REPORT DESCRIPTION Subsea Boosing Systems Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 - 2023 Due to a limited number of manufacturers of subsea boosing systems, the degree of compeiion in the global subsea boosing systems market is expected to substanially increase, reports Transparency Market Research (TMR) in a new study. The leading manufacturers of subsea boosing systems are focusing on pricing strategies to atract consumers and maintain their leading posiion in the industry. The top three companies, FMC Technologies, OneSubsea, and GE Oil & Gas, together accounted for approximately 78% of the global subsea boosing market in 2014. Browse Press Release of this Research Report: htp://www.transparencymarketresearch.com/subsea-boosing-systems-market.
Subsea Boosing Systems Market - Global Industry Analysîs, Sîze, Share, Growth Trends, and Forecast 2015 - 2023
Published Date 02-Feb-2016
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Increasing Exploration Activities by Oil and Gas Companies to Boost Demand for Subsea Boosting Systems, reports TMR
Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com sales@transparencymarketresearch.com
Subsea Boosing Systems Market
REPORT DESCRIPTION
Subsea Boosing Systems Market - Global Industry Analysîs, Sîze, Share, Growth Trends, and Forecast 2015 - 2023
Due to a limited number of manufacturers of subsea boosIng systems, the degree of compeIIon in the global subsea boosIng systems market is expected to substanIally increase, reports Transparency Market Research (TMR) in a new study. The leading manufacturers of subsea boosIng systems are focusing on pricing strategies to aract consumers and maintain their leading posiIon in the industry. The top three companies, FMC Technologies, OneSubsea, and GE Oil & Gas, together accounted for approximately 78% of the global subsea boosIng market in 2014.
The increasing need for enhancing oil and gas producIon has opened up new opportuniIes for manufacturers of subsea boosIng systems due to their extensive use in oil and gas drilling from deep and ultra-deep-water locaIons. The conInuous investments being made in projects to discover new oshore oil and gas drilling opportuniIes has augmented the demand subsea boosIng systems.
Increasîng Need to Extract Oîl and Gas from Mature Reservoîrs to Boost Sales of Subsea Boosing Systems
According to TMR analysts, the rising demand for fossil fuels has led to an increase in shallow water and onshore E&P acIviIes for oil and gas reservoirs. Due to the increasing E&P acIviIes, the reserves of oil and gas have depleted leading to a decrease in the producIon from mature reservoirs, such as low pressure oil îelds. As subsea boosIng systems help in the extracIon from the low pressure oil îelds, their demand in future is expected to increase substanIally.
Subsea boosIng systems have proven highly beneîcial in enhancing the deepwater and ultra-deepwater producIon from heavy oil and gas reservoirs in West Africa, Brazil, the North Sea, and the Gulf of Mexico. Thus, the need to prolong the economic lifeIme of oil and gas reservoirs through increasing producIon recovery is expected to drive the global sales of subsea boosIng systems.
Fluctuaing Crude Oîl Prîces to Negaively Aect Sales of Subsea Boosing Systems
The LuctuaIng prices of crude oil are likely to hamper drilling acIviIes worldwide, reports TMR in its study. E&P companies are struggling to maintain their producIon in comparison to the prices of crude oil and natural gas, thus slowing down the extracIon processes. Moreover, a decline in crude oil prices has brought about a substanIal decrease in oshore drilling acIviIes. With the tumbling prices of crude oil, many companies are likely to abandon numerous oil and gas projects in the North Sea and other oshore areas. Thus, the LuctuaIng crude oil prices are anIcipated to impede the sales of subsea boosIng systems due to the decrease in drilling acIviIes.
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Subsea Boosing Systems Market
Rîsîng Deepwater and Ultra-Deepwater Drîllîng Acivîies to Provîde Manufacturers of Subsea Boosing Systems wîth Future Growth Opportunîies
Drilling acIviIes have received a substanIal boost in emerging economies such as ïndia, China, and Brazil due to the growing demand for oil and gas in these regions. To fulîll high fossil fuel demands, leading private and naIonal companies are discovering new oil and gas reserves. Due to the increase in oshore oil and gas exploraIon acIviIes, the requirement for subsea oil and gas equipment has also increased. Thus, companies operaIng in the global subsea boosIng systems market are projected to gain beneît from the new crude oil and natural gas discoveries along with the high potenIal reserves. As a result of this, the oil îelds applicaIon segment is expected to dominate the global subsea boosIng systems market with a share of 67.7% in 2023.
The global subsea boosIng systems market is thus esImated to rise at a CAGR of 9.7% from 2015 to 2023. The systems market was valued at US$1.46 bn in 2015 and is projected to touch a valuaIon of US$3.07 bn by 2023. Asia Paciîc is expected to lead the global market for subsea boosIng systems with a share of 23.9% in 2023. The review has been based on the îndings of a TMR report Itled, “Subsea BoosIng Systems Market - Global ïndustry Analysis, Size, Share, Growth Trends, and Forecast 2015 – 2023.” Fîll the form for an exclusîve sample of thîs report @hp://www.transparencymarketresearch.com/sample/sample.php?Lag=S&rep_îd=5378
Key Takeaways: Asia Paciîc to lead the subsea boosIng systems market unIl 2023 with 23.9% of the overall revenue share. Oil îelds subsea boosIng equipment applicaIon segment to maintain its lead in the global subsea boosIng systems market as a result of conInuous oshore oil îelds discoveries. Global sales of subsea boosIng systems to reach a valuaIon of US$3.07 bn by the end of 2023. The global subsea boosIng systems market has been segmented as follows:
Subsea Boosing Systems Market: By Water Depth
-Shallow Water -Deep Water Subsea Boosing Systems Market: By Applîcaion
-Oil -Gas Subsea Boosing Systems Market: By Regîon
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Subsea Boosing Systems Market
-North America
-U.S. -Canada -Mexico -Europe -Norway -U.K. -Rest of Europe
-Asia Paciîc -Australia -China
-Rest of Asia Paciîc
-South & Central America -Brazil -Venezuela
-Rest of South & Central America -Africa -Nigeria -Angola -Rest of Africa
-Middle East
-Saudi Arabia -UAE
TABLE OF CONTENT
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Subsea Boosing Systems Market
Secion 1 Preface
Report DescripIon
Market SegmentaIon
Research Scope
Research Methodology
Secion 2 Execuive Summary
Global Subsea BoosIng Systems Market EsImates and Forecasts (US$ Mn)
Overview Secion 3 Industry Analysîs
ïntroducIon
Value Chain Analysis of Subsea BoosIng Systems Market
Market Dynamics
Driver 1 – Maturing oil and gas reserves and Lat reserves-to-producIon raIo
Driver 2 – Technological advancements in subsea boosIng equipment
Driver 3 – Growing subsea capital expenditure on producIon hardware
Restraint 1 – FluctuaIng crude oil prices
Opportunity 1 – Rising number of oshore oil and gas discoveries
Opportunity 2 – ïncrease in drilling acIviIes in deepwater and ultra-deepwater
Porter’s Five Forces Analysis
Market AracIveness Analysis of Subsea BoosIng Systems Market, 2014
Company Market Share, Subsea BoosIng Systems Market (%) 2014 Secion 4 Subsea Boosing Systems Market: Water Depth Overvîew Global Subsea BoosIng Systems Market, EsImates and Forecast, By Water Depth, 2014–2023 (US$ Mn)
Global Subsea BoosIng Systems Market, EsImates and Forecast, By Shallow Water, 2014–2023 (US$ Mn)
Global Subsea BoosIng Systems Market, EsImates and Forecast, By Deep Water, 2014–2023 (US$ Mn)
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Secion 5 Subsea Boosing Systems Market: Applîcaion Overvîew
Global Subsea BoosIng Systems Market, EsImates and Forecast, By ApplicaIon, 2014–2023 (US$ Mn)
Global Subsea BoosIng Systems Market, EsImates and Forecast, by Oil Fields, 2014–2023 (US$ Mn)
Global Subsea BoosIng Systems Market, EsImates and Forecast, by Gas Fields, 2014–2023 (US$ Mn) Secion 6 Subsea Boosing Systems Market - Regîonal Overvîew
Subsea Boosing Systems Market - Regîonal Overvîew
Subsea Boosing Systems Market - Asîa Pacîïc
Asia Paciîc Subsea BoosIng Systems Market, EsImates and Forecast, By Water Depth, By Value, 2014-2023 (US$ Mn)
Australia Subsea BoosIng Systems Market, by Revenue, 2014–2023 (US$ Mn)
China Subsea BoosIng Systems Market, by Revenue, 2014–2023 (US$ Mn)
Rest of Asia Paciîc Subsea BoosIng Systems Market, by Revenue, 2014–2023 (US$ Mn)
Subsea Boosing Systems Market - Europe
Europe Subsea BoosIng Systems Market , EsImates and Forecast, By Water Depth, By Value, 2014-2023 (US$ Mn)
Norway Subsea BoosIng Systems Market, by Revenue, 2014–2023 (US$ Mn)
U.K. Subsea BoosIng Systems Market, by Revenue, 2014–2023 (US$ Mn)
Rest of Europe Subsea BoosIng Systems Market, by Revenue, 2014–2023 (US$ Mn)
Subsea Boosing Systems Market - Afrîca
Africa Subsea BoosIng Systems Market, EsImates and Forecast, By Water Depth, By Value, 2014-2023 (US$ Mn)
Nigeria Subsea BoosIng Systems Market, by Revenue, 2014–2023 (US$ Mn)
Angola Subsea BoosIng Systems Market, by Revenue, 2014–2023 (US$ Mn)
Rest of Africa Subsea BoosIng Systems Market, by Revenue, 2014–2023 (US$ Mn)
Subsea Boosing Systems Market - South & Central Amerîca
South & Central America Subsea BoosIng Systems Market, EsImates and Forecast, By Water Depth, By Value, 2014-2023 (US$ Mn)
Brazil Subsea BoosIng Systems Market, by Revenue, 2014–2023 (US$ Mn)
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Venezuela Subsea BoosIng Systems Market, by Revenue, 2014–2023 (US$ Mn)
Rest of South & Central America Subsea BoosIng Systems Market, by Revenue, 2014–2023 (US$ Mn)
Subsea Boosing Systems Market – North Amerîca
North America Subsea BoosIng Systems Market, EsImates and Forecast, By Water Depth, By Value, 2014–2023 (US$ Mn)
U.S. Subsea BoosIng Systems Market, by Revenue, 2014–2023 (US$ Mn)
Mexico Subsea BoosIng Systems Market, by Revenue, 2014–2023 (US$ Mn)
Rest of North America Subsea BoosIng Systems Market, by Revenue, 2014–2023 (US$ Mn)
Subsea Boosing Systems Market – Mîddle East
Middle East Subsea BoosIng Systems Market, EsImates and Forecast, By Water Depth, By Value, 2014–2023 (US$ Mn)
Saudi Arabia Subsea BoosIng Systems Market, by Revenue, 2014–2023 (US$ Mn)
U.A.E. Subsea BoosIng Systems Market, by Revenue, 2014–2023 (US$ Mn)
Rest of Middle East Subsea BoosIng Systems Market, by Revenue, 2014–2023 (US$ Mn)
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