Subsea Manifolds Market (By Application - Production, and Injection) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 – 2020
Albany, NY -- (SBWIRE) -- 03/10/2015 -- This research study analyzes the market for subsea manifolds in terms of revenue. The subsea manifolds market has been segmented on the basis of application and geography. For the research, the base year is 2013, while the forecast is for the period 2014-2020. Market data for all segments has been provided on the regional level for the period 2013-2020.
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The report provides a comprehensive competitive landscape and features companies engaged in the manufacture of subsea manifolds. This report includes the key market dynamics affecting the demand for subsea manifolds globally. The report also provides a detailed industry analysis of the global subsea manifolds market with the help of Porter's Five Forces model. The Porter's Five Forces analysis aids in understanding the five major forces that affect the industry structure and profitability of the global subsea manifolds market. The forces analyzed include the bargaining power of buyers, bargaining power of suppliers, threat of new entrants, threat of substitutes, and degree of competition.
The high-level analysis provides detailed insights into the business of subsea manifolds globally. Major drivers, restraints, and opportunities of the subsea manifolds market were analyzed in detail and are illustrated in the report through graphs and tables. There are currently few drivers which attract investments in the subsea manifolds market. One of the most prominent drivers is the increasing hydrocarbon discoveries in deepwater offshore areas. Exploration companies operating in these areas are now investing in subsea technologies to optimize production levels. Substantial reduction in capital expenditure can be achieved by installing subsea manifolds. These instruments reduce the number of flowlines and umbilical required in offshore production activities. The number of risers can also be significantly reduced by using subsea manifolds. Market attractiveness analysis was carried out for the subsea manifolds industry on the basis of geography. Market attractiveness was estimated on the basis of regional parameters that directly impact the market.
The subsea manifolds market has been segmented into two broad categories on the basis of application as production and injection manifolds. The subsea manifolds market was analyzed across five geographies: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe accounted for the major market share in terms of expenditure on subsea manifolds in 2013. The North Sea, which is a predominantly shallow water region, accounts for a major share of the oil and natural gas production in Europe. Regional data has been provided for each sub-segment of the subsea manifolds market. Key market participants in the subsea manifold manufacturing business include Aker Solutions ASA, FMC Technologies, Inc., OneSubsea, and General Electric. The report provides an overview of these companies, followed by their financial details, business strategies, and recent developments.
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The market size of subsea manifolds has been estimated by studying the possible future subsea project installation trends. Detailed research on subsea investments in different regions has been undertaken to estimate and forecast the consumption and investments in the subsea manifolds industry. The global subsea manifolds market has been segmented as below:
Subsea Manifolds Market: Application Analysis
Subsea Manifolds Market: Regional Analysis
Middle East & Africa
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