HOME Top Market Reports Subsea Production & Processing Systems Market by Technology/Components (Subsea Umbilicals, Risers, Flowlines, Trees, Control Modules, Manifolds), Types (Boosting, Injection, Separation, Compression), & Geography - Global Trends & Forecast to 2018

Subsea Production & Processing Systems Market by Technology/Components (Subsea Umbilicals, Risers, Flowlines, Trees, Control Modules, Manifolds), Types (Boosting, Injection, Separation, Compression), & Geography - Global Trends & Forecast to 2018

By: marketsandmarkets.com
Publishing Date: March 2014
Report Code: EP 2250

 

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Growing demand of energy with increasing investment in offshore exploration and production activities is expected to drive the global subsea production systems market. It is estimated to reach $24.6 billion by 2018, with a CAGR of 6.0% from 2013 to 2018. The latest exploration and highly advanced technology required in African and European regions are expected to experience the highest revenue growth during the next five years. The Africa & Middle East region is having the highest CAGR of around 8.0% from 2013 to 2018.

The ever increasing demand for energy and maturity of onshore oil & gas fields are increasingly drawing the attention towards offshore field exploration. The continuous advancement of technology is also creating new opportunities to reach deeper depths in water. Subsea processing systems handle the produced fluids at the seabed itself thereby saving time and human efforts. The continuous appetite of enhancing the oil and gas production ensures the bright future for the subsea production market globally. The need to satisfy the rising energy demand and maturity of onshore oil and gas fields is expected to enhance the growth prospects of the market. The lucrative and high-investment areas such as Latin America and Africa & Middle East are the key driving factors for the exponential growth of the subsea processing systems market.

Capital spending of the subsea market has significantly increased recently, which clearly depicts the growth of the subsea sector globally. Subsea equipment such as umbilicals, risers & flowlines, subsea trees, and subsea control systems are the essential subsea infrastructure for efficient operation.

Top players in the subsea production systems market include Aker Solutions (Norway), General Electric Co. (U.S.), Cameron (U.S.), FMC Technologies Inc. (U.S.), National Oilwell Varco (U.S.), and Oceaneering International Inc. (U.S.). These companies represent the largest share of the  market globally.

Subsea Production & Processing Systems: Market Revenue, 2013-2018 ($Million)

Subsea Production Market, Processing Systems Market

Source: MarketsandMarkets Analysis

For this report, the major players in the market are identified through secondary and primary research which helps evaluate their market share. This includes a study of the annual reports of top market industry players and interviews with key opinion leaders such as CEOs, Directors, and marketing people.

The size of the overall market is determined by forecasting techniques based on the production & processing systems demand in different regions, which is validated through primary sources. The market revenue and volume for various types of subsea production and processing systems are determined and evaluated using primary and secondary research. The subsea production systems market data is available from 2011 to 2018 with a CAGR from 2013 to 2018.

This report analyzes various marketing trends and establishes the most effective growth strategy. It identifies market dynamics such as drivers, opportunities, burning issues, and winning imperatives. Major companies such Aker Solutions, General Electric Co., Cameron, FMC Technologies Inc., and Oceaneering International Inc. have also been profiled in this report.

Scope of the report:

On basis of production systems components type:

  • Subsea Umbilicals, Risers, & Flowlines (SURF)
  • Control Modules
  • Subsea Trees
  • Subsea Manifolds

On basis of processing systems technology type:

  • Subsea Boosting
  • Subsea Compression
  • Subsea Separation
  • Subsea Injection

On basis of geography:

  • North America
  • Europe
  • Latin America
  • Asia-Pacific
  • Africa & Middle East

Table Of Contents

1 Introduction (Page No. -  18)
  1.1 Key Take-Aways
  1.2 Analyst Insights
  1.3 Report Description
  1.4 Market Definitions
  1.5 Market Segmentation & Aspects Covered
  1.6 Stakeholders
  1.7 Research Methodology
      1.7.1 Approach
      1.7.2 Market Size Estimation
      1.7.3 Market Crackdown & Data Triangulation
      1.7.4 Key Data Points Taken From Secondary Sources
      1.7.5 Key Secondary Sources Used
      1.7.6 Key Data Points Taken From Primary Sources
      1.7.7 Assumptions Made For This Report
 
2 Executive Summary (Page No. - 30)
 
3 Market Overview (Page No. - 32)
  3.1 Introduction
  3.2 Market Segmentation
      3.2.1 Subsea Production Systems
      3.2.2 Subsea Processing Systems
  3.3 Value Chain Analysis
      3.3.1 Original Equipment Manufacturers/Suppliers
      3.3.2 Service Providers/Automation Companies
      3.3.3 Oil Field Operators
  3.4 Market Dynamics
      3.4.1 Drivers
            3.4.1.1 Subsea Infrastructure Market Growth
            3.4.1.2 Oil & Gas Production
            3.4.1.3 Continuous Rise In Global Deep Water Drilling Activities
      3.4.2 Restraint
            3.4.2.1 High Installation & Operational Risks
      3.4.3 Winning Imperative
            3.4.3.1 Growing Demand Of Subsea Well Intervention Operations Opens New Gates For Automation Companies
      3.4.4 Burning Issue
            3.4.4.1 Lack Of Technical Expertise
  3.5 Porter’s Five Forces Analysis
      3.5.1 Threat Of New Entrants
      3.5.2 Threat Of Substitutes
      3.5.3 Suppliers’ Power
      3.5.4 Buyers’ Power
      3.5.5 Degree Of Competition

4 Industry Analysis (Page No. - 51)
  4.1 Related Market
      4.1.1 Global Offshore Drilling Market
  4.2 Subsea Market Insights
      4.2.1 Present Scenario
            4.2.1.1 Global Offshore Oil & Gas Production
                    4.2.1.1.1 Global Offshore Oil Production
                    4.2.1.1.2 Global Offshore Gas Production
            4.2.1.2 Recent Deep Water Discoveries
                    4.2.1.2.1 North America
                    4.2.1.2.2 Latin America
                    4.2.1.2.3 Africa
                    4.2.1.2.4 Europe
                    4.2.1.2.5 Asia-Pacific
      4.2.2 Subsea Scenario By 2030
            4.2.2.1 Top Influencing Events
                    4.2.2.1.1 Arctic Region
                    4.2.2.1.2 Collaboration
                    4.2.2.1.3 Projects Underway
                              4.2.2.1.3.1 Anadarko
                              4.2.2.1.3.2 Apache
                              4.2.2.1.3.3 Chevron
                              4.2.2.1.3.4 Shell
                              4.2.2.1.3.5 Tullow Oil/Kosmos
                              4.2.2.1.3.6 Noble Energy
                              4.2.2.1.3.7 Petrobras
                              4.2.2.1.3.8 Statoil
            4.2.2.2 Technology Developments Expected
                    4.2.2.2.1 Arctic Region
                    4.2.2.2.2 Key Drivers For Technology Development
                    4.2.2.2.3 Upcoming Technologies
 
5 Subsea Production Systems Market, By Technology/Component (Page No. - 68)
  5.1 Introduction
  5.2 Subsea Production Systems Market Analysis
  5.3 Technology/Component Analysis
      5.3.1 Subsea Umbilicals, Risers, & Flowlines (Surf)
            5.3.1.1 Definition & Description
            5.3.1.2 Market Analysis
            5.3.1.3 By Geography Analysis
      5.3.2 Subsea Tree
            5.3.2.1 Definition & Description
            5.3.2.2 Market Analysis, By Geography
      5.3.3 Subsea Control Modules
            5.3.3.1 Definition & Description
            5.3.3.2 Topside Equipment
                    5.3.3.2.1 Definition & Description
                    5.3.3.2.2 Market Analysis
            5.3.3.3 Geography Analysis
      5.3.4 Subsea Manifolds
            5.3.4.1 Definition & Description
            5.3.4.2 Market Analysis, By Geography
 
6 Subsea Production Systems Market, By Geography (Page No. - 89)
  6.1 Introduction
  6.2 Analysis Of Subsea Production Systems Market
      6.2.1 Revenue & Forecast
      6.2.2 Market Analysis Of Regions, By Technology/Component
      6.2.3 North America
            6.2.3.1 Industry Trend
            6.2.3.2 Revenue Forecast
      6.2.4 Latin America
            6.2.4.1 Industry Trend
            6.2.4.2 Revenue Forecast
      6.2.5 Europe
            6.2.5.1 Industry Trend
            6.2.5.2 Revenue Forecast
      6.2.6 Africa & Middle East
            6.2.6.1 Industry Trend
            6.2.6.2 Revenue Forecast
      6.2.7 Asia-Pacific
            6.2.7.1 Industry Trend
            6.2.7.2 Revenue Forecast
 
7 Subsea Processing Systems: Market Analysis (Page No. - 108)
  7.1 Introduction
  7.2 Global Offshore Hydrocarbon Reserves
  7.3 Revenue Estimates & Forecast
  7.4 Market Analysis
      7.4.1 Subsea Boosting Systems
      7.4.2 Subsea Separation Systems
      7.4.3 Subsea Injection Systems
      7.4.4 Subsea Compression Systems
 
8 Competitive Landscape (Page No. - 126)
  8.1 Introduction
  8.2 Key Players Of Subsea Production & Processing Systems Market
      8.2.1 Regional Analysis
      8.2.2 Key Companies’ Focus Area
            8.2.2.1 Growth Strategies In The Global Subsea Production & Processing Systems Market
  8.3 Key To Success Is Jvs & Contracts
  8.4 Market Share Analysis & Rankings
      8.4.1 Subsea Production Systems
            8.4.1.1 Market Share Scenario
            8.4.1.2 Market Rankings Of The Industry Players
      8.4.2 Subsea Processing Systems
            8.4.2.1 Market Rankings Of The Industry Players
      8.4.3 Subsea Automation
  8.5 Competitive Situation & Trends
      8.5.1 Mergers & Acquisitions
      8.5.2 Investments & Expansions
      8.5.3 Joint Ventures & Contracts
      8.5.4 New Product Launches
      8.5.5 Contract Agreements
 
9 Company Profiles (Overview, Financial*, Products & Services, Strategy, And Developments) (Page No. - 162)
  9.1 Abb
  9.2 Aibel As
  9.3 Aker Solutions
  9.4 Bornemann
  9.5 Cameron
  9.6 Dril-Quip Inc.
  9.7 Fmc Technologies Inc.
  9.8 General Electric Co.
  9.9 Helix Energy Solutions Group Inc.
  9.10 Isleburn
  9.11 Kongsberg Oil & Gas Technologies As
  9.12 Magnum Subsea Systems Pte Ltd.
  9.13 National Oilwell Varco
  9.14 Nexans Sa
  9.15 Oceaneering International Inc.
  9.16 Proserv
  9.17 Prysmian Group
  9.18 Siemens Ag
  9.19 Sulzer
  9.20 Technip
  9.21 Transicon Ltd.
  9.22 Transocean Ltd.
  9.23 Vallourec *Details Might Not Be Captured In Case Of Unlisted Companies.


List Of Tables (54 Tables)

Table 1 Global Subsea Production & Processing Systems Market, By Type, 2011-2018 ($Million)
Table 2 Supply Of Crude Oil, By Geography, 2007–2011, Bbl/Day (‘000)
Table 3 Total Offshore Wells Drilled, 2011–2012
Table 4 Global Offshore Drilling Market Value, By Services, 2011–2018 ($Million)
Table 5 U.S. Gom: Recent Deep Water Discoveries, 2011-2012
Table 6 Latin America: Recent Deep Water Discoveries, 2011-2012
Table 7 Africa: Recent Deep Water Discoveries, 2011-2012
Table 8 Europe: Recent Deep Water Discoveries, 2011-2012
Table 9 Asia-Pacific: Recent Deep Water Discoveries, 2011-2012
Table 10 Subsea Projects: Present Vs Planned
Table 11 Expected Subsea Technologies In Future
Table 12 Global Offshore Oil Production, By Water Depth, 2011–2018 (‘000 Bbl)
Table 13 Global Subsea Production Systems Market, By Technology, 2011-2018 ($Million)
Table 14 Global Surf Market Value, By Type, 2011-2018 ($Million)
Table 15 Global Surf Market Volume, By Type, 2011-2018 (Km)
Table 16 Global Surf Market Value, By Geography, 2011-2018 ($Million)
Table 17 Global Surf Market Volume, By Geography, 2011-2018 (Km)
Table 18 Global Subsea Trees Market Value, By Geography, 2011-2018 ($Million)
Table 19 Global Subsea Trees Market Volume, By Geography, 2011-2018 (No. Of Units)
Table 20 Global Subsea Control Modules Market Value, By Component, 2011-2018 ($Million)
Table 21 Global Topside Equipment Market Value, By Type, 2011-2018 ($Million)
Table 22 Global Subsea Control Modules Market Value, By Geography, 2011-2018 ($Million)
Table 23 Global Subsea Control Modules Market Volume, By Geography, 2011-2018 (No. Of Units)
Table 24 Global Subsea Manifolds Market Value, By Geography, 2011-2018 ($Million)
Table 25 Global Subsea Manifolds Market Volume, By Geography, 2011-2018 (No. Of Units)
Table 26 Offshore Drilling Activities, By Geography, 2011-2012 (Million Feet)
Table 27 Global Subsea Production Systems Market Value, By Geography, 2011-2018 ($Million)
Table 28 North America: Offshore Wells Drilled, By Country, 2011–2013
Table 29 North America: Subsea Production Systems Market Value, By Technology, 2011-2018 ($Million)
Table 30 Latin America: Offshore Wells Drilled, By Country, 2011-2013
Table 31 Latin America: Subsea Production Systems Market Value, By Technology, 2011-2018 ($Million)
Table 32 Europe: Offshore Wells Drilled, By Country, 2011–2013
Table 33 Europe: Subsea Production Systems Market Value, By Technology, 2011-2018 ($Million)
Table 34 Africa: Offshore Wells Drilled, By Country, 2011–2013
Table 35 Middle East: Offshore Wells Drilled, By Country, 2011–2013
Table 36 Africa & Middle East: Subsea Production Systems Market Value, By Technology, 2011-2018 ($Million)
Table 37 Asia-Pacific: Offshore Wells Drilled, By Country, 2011–2013
Table 38 Asia-Pacific: Subsea Production Systems Market Value, By Technology, 2011-2018 ($Million)
Table 39 World Offshore Hydrocarbon Proven Reserves, By Region, (Billion Boe)
Table 40 Distribution Of World Offshore Hydrocarbon Reserves, By Water Depth (Billion Boe)
Table 41 Global Subsea Processing Systems Market, By Technology, 2011-2018 ($Million)
Table 42 Subsea Boosting Projects, By Field & Water Depth, 2010-2016
Table 43 Subsea Boosting Projects Awarded Till Date, By Region
Table 44 Subsea Separation Projects, By Field & Water Depth, 2010-2017
Table 45 Subsea Separation Projects Awarded Till Date, By Region
Table 46 Subsea Injection Projects, By Field & Water Depth, 2001-2013
Table 47 Subsea Injection Projects Awarded Till Date, By Region
Table 48 Subsea Compression Projects, By Field & Water Depth, 2011-2021
Table 49 Subsea Compression Projects Awarded Till Date, By Region
Table 50 Mergers & Acquisitions, 2011-2013
Table 51 Investments & Expansions, 2011-2013
Table 52 Joint Ventures & Contracts, 2011-2013
Table 53 New Product Launches, 2011-2013
Table 54 Contract Agreements, 2011-2013
 

List Of Figures (27 Figures)   

Figure 1 Research Methodology
Figure 2 Data Triangulation Methodology
Figure 3 Subsea Production Systems, Market Share, By Component, 2013
Figure 4 Subsea Production Systems, Market Share, By Technology, 2013
Figure 5 Value Chain Analysis Of Subsea Production And Processing Systems Market
Figure 6 Capital Spending – Subsea Market, 2012-2018 ($Million)
Figure 7 Change In Crude Oil Production, 2007-2011, Bbl/Day, (‘000)
Figure 8 Subsea Production & Processing Systems Market: Porter’s Analysis
Figure 9 Global Offshore Oil Production, By Geography, 2012 (Million Barrels Per Day)
Figure 10 Global Offshore Gas Production, By Geography, 2012 (Billion Cubic Feet Per Day)
Figure 11 Subsea Production Systems, Market Share, 2012-2013
Figure 12 Global Subsea Production Systems Market, 2011-2018 ($Billion)
Figure 13 Global Subsea Production Systems Market Share, By Geography, 2012
Figure 14 Global Subsea Boosting Projects, By Water Depth (1994–2016)
Figure 15 Global Subsea Boosting Projects, By Region (1994–2016)
Figure 16 Global Subsea Separation Projects, By Water Depth (2001–2017)
Figure 17 Global Subsea Gas Compression Projects, By Water Depth (2014–2022)
Figure 18 Subsea Production & Processing Systems Market, Growth Strategies, 2011-2013
Figure 19 Subsea Production Systems Market Share: Top 5 Companies Vs Others, 2012
Figure 20 Subsea Production Systems: Market Share Analysis, By Company, 2013
Figure 21 Subsea Processing Systems: Market Share Analysis, By Company, 2013
Figure 22 Subsea Processing Systems: Market Share Analysis, By Company, 2013
Figure 23 Mergers & Acquisitions, 2011-2013
Figure 24 Investments & Expansions, 2011-2013
Figure 25 Joint Ventures & Contracts, 2011-2013
Figure 26 New Product Launches, 2011-2013
Figure 27 Contract Agreements, 2011-2013

Subsea production and processing systems market is expected to be $24.6 billion by 2018, signifying a firm annualized growth rate of 6.0% from 2013 to 2018.

The subsea production systems market report provides an overview of the subsea developments, primary areas of utilization, major oil and service companies involved in pilot and actual projects for the technologies, economic and other risks, and the industry's innate conservatism and the lack of required complementary technologies being introduced.

Subsea production and processing consists of a range of technologies to allow production from offshore wells without needing surface production facilities. The most important benefits from using these technologies include production boosting, improved oil and gas recovery, increased Net Present Value (NPV), reduced surface production facility costs, and the lower likelihood of gas hydrate formation in flowlines.

There are, however, a number of issues that have kept subsea boosting and processing from being used more widely. These issues include the reliability of subsea units, subsea processing system failure, and increasing costs of intervention vessels.

The number of existing and proposed projects in the subsea production systems market has increased over the last few years. A majority of these units were awarded prior to the recent decline in offshore activity caused by the global economic downturn, pressures on the supply chain, and oil price volatility. Therefore, as a result of the timing of the contracts, several projects have gone ahead despite these conditions. Most operators involved in these technologies are either partly nationalized companies such as Petrobras (Brazil) and Statoil (Norway), or oil majors such as Shell and Total. Although several of these oil companies aim for additional cost savings in the short term, we believe that there will be a continued effort to push these techniques to improve oil and gas recovery, boost production, reduce the platform's operating cost, and reduce the likelihood of gas hydrate formation in the pipelines.

The major types of technologies/components of subsea production and processing systems are considered in the report to estimate their market value through feedback from secondary research and primary respondents. The major types of these production systems considered for the study are subsea umbilical, risers, and flowlines (SURF), subsea trees, subsea manifolds, and control modules. Control modules are further studied based upon its equipment types. Similarly, types of subsea processing systems considered for the study are boosting, separation, compression, and injection. Geographically, the market is studied for different regions such as North America, Latin America, Asia-Pacific, Europe, and Africa & Middle East.

Subsea Production Systems Market: Regional Revenue, 2011-2018

Subsea Production Market, Processing Systems Market

Source: MarketsandMarkets Analysis

The subsea production systems market is worth nearly $17.0 billion in 2013 and is estimated to reach over $22.6 billion by 2018. The Latin American and African offshore are the dominating regions and are expected to grow significantly in the estimated period.

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