Subsea Control Systems Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast 2014 - 2020
Transparency Market Research (http://www.transparencymarketresearch.com) includes new market research report "Subsea Control Systems Market" to its huge collection of research reports.
Albany, NY -- (SBWire) -- 11/12/2014 --A growing offshore oil and gas sector is one of the major demand drivers for subsea control systems in the future. The offshore exploration and production sector for both oil and gas has exhibited tremendous growth in various regions around the world. Subsea control systems make up an integral part of any subsea infrastructure. Subsea infrastructures are generally required for evacuating oil and gas produced from drilling sites to onshore storage terminals. The subsea control systems constitute the logistics backbone for the offshore oil and gas production industry. Subsea control systems comprise of multiple smaller components such as subsea manifolds, subsea trees and subsea well access systems. The subsea control system supervises a network of subsea wells. Functions performed include management of injection water, chemicals and gas distribution into the network of subsea wells. Subsea control systems employ proprietary software and communication protocols.
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These protocols are subject to a high degree of customization according to the specific task they would be utilized for. The increasing activity of oil production from various types of oil and gas wells has necessitated the use of robust subsea control systems. Currently the oil and gas industry is developing wells of various kinds, be it mature or new. Also the production industry is increasingly moving towards deep-water and ultra-deepwater environments where a robust control system framework is highly necessary to ensure safety and constant production levels. As the major oil and gas reserves located in shallow water areas have already been developed, new deepwater offshore locations are being developed to satisfy the growing energy needs. In such deepwater areas, production platforms cannot be fixed to the seabed. This results in exploration and production companies requiring installation of such subsea systems for effective production from these areas.
However it is difficult to manufacture subsea control systems for harsh underwater conditions which may prove to be a restraint for the market as one transition from deep to ultra deepwater locations. A rapidly growing offshore exploration and production sector for oil and gas is likely to emerge as one of the most attractive markets for subsea control systems within the forecast period. As most of the large oil and gas reserves located in shallow water areas have already been developed, there is an increasing need for developing new deepwater offshore locations. In such deepwater environments it is not feasible to fix production platforms to the seabed. Hence it is necessary for exploration companies to install subsea systems for effective exploration and production of oil and gas from these areas. The market for subsea control systems can be segmented on the basis of depth of operations as shallow water, deepwater and ultra deepwater. In terms of applications, the subsea control systems market can be segmented as oil production, gas lift injection, gas production and water injection.
A rapid discovery of offshore hydrocarbon reserves in the Latin American region is likely to present attractive opportunities for subsea control systems in the future. Multiple exploration majors have been investing in the deepwater locations of Brazil which has subsequently spiked the demand for subsea control systems. There are multiple undeveloped offshore gas wells in Africa which is likely to further bolster market growth The growth in demand in North America however is likely to remain stagnant owing to their increased focus on shale gas development and production. Some of the major market players dealing in subsea control systems are Aker Solutions, General Electric Company, FMC Technologies, Zetechtics Ltd., KW Ltd., HCS Control Systems and Cameron International among others.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends.
Geographies analyzed under this research report include:
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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