HOME Top Market Reports Subsea Control Systems Market by Types (Underwater and Topside), Application (Production, Processing & Others), Components (SCM, Umbilical Termination Assembly, Umbilical, MCS, Sensors, & Others) & by Region- Global Trends and Forecasts to 2019

Subsea Control Systems Market by Types (Underwater and Topside), Application (Production, Processing & Others), Components (SCM, Umbilical Termination Assembly, Umbilical, MCS, Sensors, & Others) & by Region- Global Trends and Forecasts to 2019

By: marketsandmarkets.com
Publishing Date: February 2015
Report Code: EP 3158

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The global subsea control systems market is segmented on the basis of its major types which are underwater control systems and topside control systems. The market is segmented on the basis of its applications, which include production, processing, and others. Furthermore, the market is segmented on the basis of major components of subsea control systems such as subsea control module, umbilical termination assembly, umbilical, master control systems, sensors, and others. The market is also segmented on the basis of major regions like North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. Each segment has been analyzed with respect to its market trends, growth trends, and future prospects. The data has been analyzed from 2012 to 2019, and all quantitative data regarding segmentation is mentioned in terms of value ($Million).

Europe dominating the subsea control systems market

Norway and the U.K. are the two major countries in the region with a combined market share of more than 95% of the European subsea control systems market. The demand for subsea control systems is highly attributed to the increasing deepwater drilling activities in the region along with the increasing subsea spending in countries like Norway and the U.K. The European subsea control systems market is expected to reach $1,733.3 million by 2019 with a CAGR of 7.7% in the next five years period. The Middle East and Africa, and South America stood at the second and third positions respectively in the global subsea control systems market. The following figure represents the market share of the region in the global subsea control systems market in 2013.

Subsea Control Systems Market Share (Value), By Region, 2013

Subsea Control Systems Market

Source: MarketsandMarkets Analysis

The global subsea control systems market is also analyzed with respect to Porter's Five Force model. Different market forces such as suppliers’ power, buyers’ power, degree of competition, threat from substitutes, and threat from new entrants, are analyzed with respect to the subsea control systems industry. The report also provides a competitive landscape of major market players that includes developments, mergers and acquisition, expansion and investments, agreements and contracts, new technologies developments, and others. A number of these developments are spotted by key industry players that suggest the growth strategy of these companies as well as of the overall industry.

The report also provides a comprehensive review of major market drivers, restraints, opportunities, winning imperatives, and key burning issues in the subsea control systems market. Key players in the industry are profiled in detail with their recent developments. Some of these include companies such as Aker Solutions (Norway), Drill-Quip Inc. (U.S.), FMC Technologies Inc. (U.S.), GE Oil & Gas (U.S.), Weatherford International Ltd. (Ireland) Halliburton (U.S.), and OneSubsea (Norway).

Table Of Contents 
 
1 Introduction
  1.1 Objectives Of The Study
  1.2 Market Definition
  1.3 Study Scope
      1.3.1 Years
  1.4 Currency & Pricing
  1.5 Limitations
  1.6 Stakeholders

2 Research Methodology
  2.1 Research Data
      1.1.1 Secondary Data  Key Data From Secondary Sources 
      2.1.1 Primary Data
      2.1.2 Key Data From Primary Sources
  2.2 Factor Analysis
      2.2.1 Introduction 
            2.2.1.1 High Price of Related Goods 
            2.2.1.2 Huge Offshore Expenditure 

3 Executive Summary

4 Premium Insights
  4.1 Attractive Opportunities In Subsea Control Systems Market
  4.2 Subsea Control Systems Market: Top Three Components Segment
  4.3 Subsea Control Systems Market In Europe
  4.4 Brazil To Dominate The Global Subsea Control Systems Market During The Forecast Period
  4.5 Subsea Control Equipment Market: Middle East & Africa
  4.6 Subsea Control Systems Market: Developing Vs Developed Nations

5 Market Overview
  5.1 Introduction
  5.2 By Components
      5.2.1 Introduction
      5.2.2 Subsea Control Module (SCM)
      5.2.3 Umbilical Termination Assembly (Uta)
      5.2.4 Master Control System
      5.2.5 Umbilical
      5.2.6 Sensors
      5.2.7 Others
  5.3 By Types
      5.3.1 Introduction
      5.3.2 Topside Subsea Equipment
      5.3.3 Underwater Subsea Equipment
  5.4 By Applications
      5.4.1 Introduction
      5.4.2 Production
      5.4.3 Processing
      5.4.4 Others
  5.5 Market Dynamics
      5.5.1 Drivers
            5.5.1.1 Recent Trend of Deepwater &Ultra-Deepwater Production
            5.5.1.2 Growing Offshore Oil & Gas Sector
            5.5.1.3 Growth In Subsea Well Installation
      5.5.2 Restraints
            5.5.2.1 Difficulty In Manufacturing of Subsea Control System Suitable In The Harsh Underwater Conditions
            5.5.2.2 Rising Raw Material Cost
      5.5.3 Opportunities
            5.5.3.1 Rapid Discovery of Hydrocarbon Reserves
            5.5.3.2 Need For The Replacement of Shallow Water Basin
      5.5.4 Challenge
            5.5.4.1 Geopolitical Turmoil

6 Industry Trends
  6.1 Introduction
  6.2 Supply Chain Analysis
  6.3 Porter’s Five Forces Analysis
      6.3.1 Threat of Substitutes
      6.3.2 Threat of New Entrants
      6.3.3 Bargaining Power of Buyers
      6.3.4 Bargaining Power of Suppliers
      6.3.5 Degree of Competition

7 Subsea Control Systems Market, By Types
  7.1 Introduction
  7.2 Topside Subsea Control Systems
  7.3 Underwater Subsea Control Systems
  7.4 North America Subsea Control System Market, By Type
  7.5 South America Subsea Control System Market, By Type
  7.6 Europe  Subsea Control System Market, By Type
  7.7 Asia-Pacific Subsea Control System Market, By Type
  7.8 Middle East & Africa Subsea Control System Market, By Type

8 Subsea Control Systems Market, By Components
  8.1 Introduction
  8.2 Subsea Control Module Market
  8.3 Umbilical Termination Assembly Market
  8.4 Umbilical Market
  8.5 Master Control Systems (Mcs) Market
  8.6 Sensors Market
  8.7 Others Market

9 Subsea Control Systems Market, By Applications
  9.1 Introduction
  9.2 Production Subsea Control Systems Market
  9.3 Processing Subsea Control Systems Market
  9.4 Other Applications of Subsea Control Equipment Market
10 Subsea Control Systems Market, By Region
   10.1 Introduction
   10.2 Europe
        10.2.1 By Country
              10.2.1.1 Norway
              10.2.1.2 U.K.
              10.2.1.3 Others
        10.2.2 By Components
   10.3 Middle East & Africa
        10.3.1 By Country
              10.3.1.1 Angola
              10.3.1.2 Nigeria
              10.3.1.3 Saudi Arabia
              10.3.1.4 U.A.E
              10.3.1.5 Others
   10.4 South America
        10.4.1 By Country
              10.4.1.1 Brazil
              10.4.1.2 Others
   10.5 North America
        10.5.1 By Country
              10.5.1.1 United States (U.S.)
              10.5.1.2 Canada
              10.5.1.3 Mexico
   10.6 Asia-Pacific
        10.6.1 By Country
               10.6.1.1 Australia
               10.6.1.2 Malaysia
               10.6.1.3 India
               10.6.1.4 Indonesia
               10.6.1.5 China
               10.6.1.6 Thailand
               10.6.1.7 Others

11 Competitive Landscape
   11.1 Overview
   11.2 Growth Strategies In The Subsea Control Systems Market
        11.2.1 Contracts & Agreements Lead The Way 
11.3 Competitive Situation & Trends
        11.3.1 Analysis of Market Developments

12 Battle For Market Share: Contracts & Agreements Was The Key Strategy
   12.1 Contracts & Agreements

13 Company Profiles
   13.1 Aker Solutions
        13.1.1 Business Overview
        13.1.2 Products
        13.1.3 Recent Developments
        13.1.4  SWOT Analysis
        13.1.5 Mnm View
   13.2 Fmc Technologies Inc.
        13.2.1 Business Overview
        13.2.2 Products
        13.2.3 Recent Developments
        13.2.4  SWOT Analysis
   13.25 Mnm View 
   13.3 Ge Oil & Gas Spa
        13.3.1 Business Overview
        13.3.2 Products
        13.3.3 Recent Developments
        13.3.4  SWOT Analysis
        13.3.5 Mnm View 
   13.4 Halliburton Company
        13.4.1 Business Overview
        13.4.2 Products
        13.4.3 Recent Developments
        13.4.4  SWOT Analysis
        13.4.5 Mnm View 
   13.5 Onesubsea
        13.5.1 Business Overview
        13.5.2 Products
        13.5.3 Recent Developments
        13.5.4  SWOT Analysis
        13.5.5 Mnm View 
   13.6 Dril-Quip, Inc.
        13.6.1 Business Overview
        13.6.2 Products
        13.6.3 Key Strategy
        13.6.4 Recent Developments
   13.7 Expro
        13.7.1 Business Overview
        13.7.2 Products
        13.7.3 Key Strategy
        13.7.4 Recent Developments
   13.8 Hitec Products
        13.8.1 Business Overview
        13.8.2 Products
        13.8.3 Key Strategy
        13.8.4 Recent Developments
   13.9 Oceaneering International, Inc.
        13.9.1 Business Overview
        13.9.2 Oceaneering International, Inc.: Business Overview
        13.9.3 Products
        13.9.4 Key Strategy
        13.9.5 Recent Developments
   13.1 Proserv.
        13.10.1 Business Overview
        13.10.2 Products
        13.10.3 Key Strategy
        13.10.4 Recent Developments
   13.11 Siemens Ag
        13.11.1 Business Overview
        13.11.2 Products
        13.11.3 Key Strategy
        13.11.4 Recent Developments
   13.12 Weatherford International Ltd.
        13.12.1 Business Overview
        13.12.2 Products & Services
        13.12.3 Key Strategy
        13.12.4 Recent Developments

14 Appendix
   14.1 Insights of Industry Experts
   14.2 Discussion Guide
   14.3 Introducing RT: Real Time Market Intelligence
   14.4 Available Customizations
   14.5 Related Reports
 
List of Tables (62 Tables)

Table 1 Subsea Control Equipment ,By Market Size, By Type, 2012-2019 ($Million)
Table 2 Topside Subsea Control Systems ,By Market Size, By Region, 2014-2019 ($Million)
Table 3 Underwater Subsea Control Systems ,By Market Size, By Region, 2012-2019 ($Million)
Table 4 North America: Subsea Control Systems ,By Market Size, By Type, 2012-2019, ($Million)
Table 5 South America: Subsea Control Systems,By  Market Size, By Type, 2012-2019($Million)
Table 6 Europe: Subsea Control Systems ,By Market Size  By Type, 2012-2019 ($Million)
Table 7 Asia-Pacific: Subsea Control Systems ,By Market Size, By Type, 2012-2019 ($Million)
Table 8 Middle East & Africa: Subsea Control Systems ,By Market Size, By Type, 2012-2019
Table 9 Subsea Control Systems Equipment With Finctions
Table 10 Subsea Control Systems ,By Market Size, By Components, 2012-2019 ($Million)
Table 11 Subsea Control Module (Scm) Market Size, By Region, 2012-2019($Million)
Table 12 Umbilical Termination Assembly Market Size, By Region, 2012-2019 ($Million)
Table 13 Umbilical Market Size, By Region, 2012-2019($Million)
Table 14 Master Control Systems Market Size, By Region, 2012-2019($Million)
Table 15 Sensors Market Size, By Region, 2012-2019 ($Million)
Table 16 Others Market Size, By Region, 2012-2019 ($Million)
Table 17 Subsea Control Systems ,By Market Size, By Application, 2012-2019 ($Million)
Table 18 Production Subsea Control System ,By Market Size, By Region, 2012-2019 ($Million)
Table 19 Processing Subsea Control Systems ,By Market Size, By Region, 2012-2019 ($Million)
Table 20 Other Applications of  Subsea Control Systems ,By Market Size, By Region, 2012-2019 ($Million)
Table 21 Subsea Control Systems Market Size, By Region, 2012-2019 ($Million)
Table 22 Europe: By Market Size, By Country, 2012-2019 ($Million)
Table 23 Norway: By Market Size,  By Components, 2012-2019 ($Million)
Table 24 U.K.: By Market Size,  By Components, 2012-2019($Million)78
Table 25 Others: By Market Size, By Components, 2012-2019 ($Million)
Table 26 Europe: Offshore Wells Drilled, By Country,  2011-2013
Table 27 Europe: By Market Size, By Components, 2012-2019 ($Million)  
Table 28 Europe: By Market Size,  By Applications, 2012-2019 ($Million) 
Table 29 Middle East & Africa: By Market Size,  By Country, 2012-2019 ($Million)
Table 30 Angola: By Market Size,  By Components, 2012-2019 ($Million)
Table 31 Nigeria: By Market Size, By Components, 2012-2019 ($Million)
Table 32 Saudi Arabia: By Market Size, By Components, 2012-2019 ($Million)
Table 33 U.A.E. By Market Size, By Components, 2012-2019 ($Million)
Table 34 Others: By Market Size, By Components, 2012-2019 ($Million)
Table 35 Middle East & Africa: By Market Size, By Components, 2012-2019 ($Million)
Table 36 Middle East & Africa: By Market Size,  By Applications, 2012-2019 ($Million)
Table 37 South America: Offshore Wells Drilled, By Country, 2011-2013
Table 38 South America: By Market Size,  By Country, 2012-2019 ($Million)
Table 39 Brazil: By Market Size, By Country, 2012-2019($Million)
Table 40 Others: By Market Size, ,  By Country, 2012-2019 ($Million)
Table 41 South America: By Market Size,  By Components, 2012-2019 ($Million)
Table 42 South America: By Market Size,  By Applications, 2012-2019 ($Million)
Table 43 North America: By Market Size, By Country, 2012-2019 ($Million)
Table 44 U.S.:By Market Size,  By Components, 2012-2019 ($Million)
Table 45 Canada: By Market Size, By Components, 2012-2019($Million)
Table 46 Mexico: By Market Size,  By Components, 2012-2019($Million)
Table 47 North America: By Market Size, By Components, 2012-2019 ($Million)
Table 48 North America: By Market Size,  By Applications, 2012-2019 ($Million)
Table 49 Asia-Pacific: By Market Size(Value), By Country, 201
Table 50 Australia: By Market Size,  By Components, 2012-2019 ($Million)
Table 51 Malaysia:By Market Size,  By Components, 2012-2019($Million)
Table 52 India: By Market Size, By Components, 2012-2019($Million)
Table 53 Indonesia: By Market Size, By Components, 2012-2019($Million)
Table 54 China: By Market Size, By Components, 2012-2019($Million)
Table 55 Thailand: By Market Size,  By Components, 2012-2019($Million)
Table 56 Others: By Market Size, By Components, 2012-2019($Million)
Table 57 Asia-Pacific: By Market Size,  By Components, 2012-2019 ($Million)
Table 58 Asia-Pacific: By Market Size, By Applications, 2012-2019 ($Million)
Table 59 Contracts & Agreements, 2012–2014
Table 60: Mergers & Acquisitions 2012–2014 
Table 61: Expansions 2012–2014 
Table 62: Other Developments, 2012–2014
 
List of Figures (47 Figures)
 
Figure 1 Markets Covered: Subsea Control Systems Market
Figure 2 Research Design
Figure 3 Increase In Oil Consumption In The Top 10 Countries (2009 & 2013)
Figure 4 Increase In Gas Consumption In The Top 10 Countries (2009 & 2013)
Figure 5 Growing Subsea Well Installation
Figure 6 Bottom-Up Approach
Figure 7 Top-Down Approach
Figure 8 Assumptions of The Research Study
Figure 9 Limitations of The Research Study
Figure 10 Subsea Control Systems Overview
Figure 11 Subsea Control Module (SCM) Occupied The Largest Market Share Europe In 2013
Figure 12 Europe Is Expected To Dominate the Subsea Control Systems Market In Next Five Years
Figure 13 Subsea Control Systems, By Market Size, 2014-2019 ($Million)
Figure 14 Transition Towards Deepwater And Ultra Deepwater Drilling Would Increase The Demand For  Subsea Control Systems In Future
Figure 15 Umbilical To Grow At The Fastest Rate In The Top Three Subsea Control Systems Component
Figure 16 Subsea Control Module To Capture The Boggest Share In The European Subsea Control Systems Market
Figure 17 Subsea Control Module (SCM) Is Expected To Hold The Largest Market Size In Europe By 2019
Figure 18 Brazil Ranks First In Terms of Market Size(Value) In The Global Subsea Control Systems Market In 2013
Figure 19 Middle East & Africa Along With Europe Will Hold More Than Half of The Subsea Control Systems Market By 2019
Figure 20 Market Segmentation: By  Components, Types, Applications  & Region
Figure 21 Practice of Deep Water And Ultra Deep Water Production Drive The Subsea Control Systems Market
Figure 22 Supply Chain Analysis
Figure 23 Porter’s Five Force Analysis
Figure 24 Subsea Control Systems, By  Market  Share (Value), By Types, 2013
Figure 25 Subsea Control Systems , By Market Share(Value), By Components, 2013
Figure 26 Production Application Is Expected To Dominate The Subsea Control Systems  Market
Figure 27 Subsea Control Systems Market (Value), By Region, 2013
Figure 28 Subsea Expenditure In Australia, 2013-2017 ($Million)
Figure 29 Companies Adopted Product Contracts & Agreements As The Key Growth Strategy Over The Last Three Years
Figure 30 Subsea Control Systems: Key Growth Strategies’ Share, By Development, February 2012- December 2014
Figure 31 Subsea Control Systems Market Share Analysis of Top Companies, By Development, 2012-2014 100
Figure 32 Aker Solutions: Business Overview
Figure 33 SWOT Analysis
Figure 34 Dril-Quip, Inc.: Business Overview
Figure 35 Expro: Business Overview
Figure 36 Fmc Technologies Inc.: Business Overview
Figure 37 SWOT Analysis
Figure 38 Ge Oil & Gas Spa: Business Overview
Figure 39 SWOT Analysis
Figure 40 Halliburton Company: Business Overview
Figure 41 SWOT Analysis
Figure 42 Hitec Products: Business Overview
Figure 43 Onesubsea: Business Overview
Figure 44 SWOT Analysis
Figure 45 Proserv.: Business Overview
Figure 46 Siemens Ag: Business Overview
Figure 47 Weatherford International Ltd.: Business Overview 

 

The global subsea control systems market is expected to reach $6.47 billion industry by 2019, with a projected CAGR of around 8.5%, signifying a high demand for subsea control equipment’s (component’s) in both developed and developing countries.

Subsea control systems are used for the efficient provisioning of the subsea production system. The control systems is directly associated with the subsea tree installations, and it is expected that up to 2,000 deepwater subsea installations are expected globally between the period 2014 and 2019. Deepwater installation activity is leading by regions like Europe, West Africa, and South America.

The increasing activities of oil production, especially in the offshore fields would increase the demand for subsea control systems in future. The oil companies are moving towards deepwater and ultra-deepwater where an effective and robust monitoring is highly necessary to ensure the oil production. As of now, demand for subsea control systems is highly concentrated in Brazil, West Africa, the Gulf of Mexico, and the North Sea. The spending on the subsea production is expected to increase from $45 billion in 2014 to $115 billion by 2019.

Europe: Largest Market for Subsea Control Systems

Europe holds the largest market share of 28.0% in the global subsea control systems market in 2013, and is expected to dominate the market in the next five years as well. Norway and the U.K. are the two major countries in the region which contributes more than 95% of the total European market. In South America, Brazil is the leading subsea nation and holds around 18.6% of the global market for subsea control systems in 2013.

With the increasing focus on offshore drilling in countries like India, Australia, and Malaysia, Asia-Pacific is considered to be the fastest growing market in the next five years. The figure below shows the subsea control systems market share by region in 2013.

Subsea Control Systems Market Share (Value), By Region, 2013

Subsea Control Systems Market

Source: MarketsandMarkets Analysis

Contracts & Agreements: Key Strategy

Leading companies in the subsea control systems market have focused on contracts and agreements as one of the key strategies. The major reasons behind the widespread acceptance of contracts and agreements as a strategy in this market are, it creates a leading diversified subsea control component’s portfolio by adopting the expertise of the renowned companies, and enables market penetration in economies such as the U.S. and Gulf of Mexico. From 2011 to 2014, contracts & agreements have led the market developments, accounting for 70% of the total share.

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