Transparency Market Research (http://www.transparencymarketresearch.com) includes new market research report "Subsea Manifolds Market" to its huge collection of research reports.
Albany, NY -- (SBWIRE) -- 11/20/2014 -- Subsea manifold systems are an integral part of the subsea infrastructure which connects oil and gas production wells to onshore storage facilities. These systems are used to combine the output obtained from numerous subsea wells and to manage the distribution of injected water, chemicals and gas into the production wells. The increasing production activities in deep offshore locations have led to the increasing development of the global subsea manifolds market. Depending upon soil properties and seabed conditions, subsea manifolds have to be designed according to the need of the exploration companies. Many major market players are thus designing such manifold systems which can accommodate a wide variety of configuration requirements according to the need of the exploration companies. The manifold systems are manufactured to offer solutions to the flow-control challenges presented by today’s subsea production environments. The working pressure and optimal temperature compatibility are the major design specifications which have to be kept in mind while designing manifolds for deepwater locations. The market for subsea manifold systems is anticipated to rise at a substantial pace in the predicted period owing to increasing demand from deep offshore oil and gas drilling activities.
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The increasing development of deepwater oil and gas reserves and increasing demand for fossil fuels have bolstered investment in subsea manifolds market. 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, thus exploration companies have to install subsea systems for effective exploration from these areas. In case of small field developments, the subsea manifold systems are much cost effective when compared to fixed platform solutions. However, designing subsea systems for harsh operating conditions can act as a restraint for market players involved in this business. The increasing offshore discoveries in Latin America and Africa would provide further growth opportunities for this market.
The market for subsea manifolds can be segmented based on the depth of production field and end user applications of subsea manifolds. Based on depth of production field the market can be segmented as shallow water, deep water and ultra-deep water locations. The design complexity of subsea manifolds increases with the increasing depth of the production field. Based on end user applications the market can be segmented as oil production, gas lift injection, gas production and water injection.
The rising discovery rate of offshore fields in the Latin American region will provide the major market for subsea manifold market in the coming future. Many major exploration companies are heavily investing in deepwater locations in Brazil which would in turn impact the market for subsea manifolds in this country. Many prospective offshore gas wells in Africa will also provide a potential market for the growth of this market segment in future. Growth in North America is anticipated to be stagnant due to their increasing focus on shale gas reserves. Asia Pacific and Middle East are the other potential regions which are anticipated to increase investment in subsea manifolds market.
The market for subsea manifold systems is highly fragmented in nature. Some of the major market players involved in this business are Aker Solutions, Technip SA, General Electric Company, Helix Energy Production Facilities, FMC Subsea and Surface Technologies and Drill-Quip Inc.
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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