Global Subsea Pumps Market Analysis 2019 - Expected to Reach $3.5 Billion by 2026 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Feb 13, 2019--The “Global Subsea Pumps Market Analysis 2019” report has been added to ResearchAndMarkets.com’s offering.
The Global Subsea Pumps market is expected to reach $3,500.23 million by 2026 growing at a CAGR of 13.3% during 2018 to 2026.
Subsea single and multiphase pumps are deployed primarily among offshore mature fields to improve the recovery rate by reducing back-pressure on the reservoirs, thereby increasing flow rates and total recoverable reserves. Subsea pumps are configured vertically with an oil-filled motor, which is installed at the top and the pump section at the bottom. In addition, Subsea pump allow for boosting either hydrocarbon fluids or water in case of water injection directly on the seabed.
Subsea pumps are based on proven and efficient centrifugal pump technology that utilizes various stages of impellers to provide the required pressure increase. Rising Deep-Water Activities combined with Longer Tiebacks, & Recoverable Reserves, Increasing Reserves Access Difficulties and time owing to handling of produced water in proximity to production site. Moreover, Volatile crude oil prices and uncertain offshore drilling investments are restraining the market growth. One of the major opportunities in the market is New Offshore Discoveries that has potential outcome to the market players.
By application, seabed boosting is deployed to make sure the flow of fluids from fields at the essential rate after the natural reservoir pressure declines. It includes seabed multi-phase and down-hole boosting, raw seawater injection, and gas compression. Key drivers that encourage the operators to adopt subsea boosting are the existence of heavy oil, the increased distance from the host, and rise in water depth, lower reservoir pressure, and a greater number of field tiebacks to the host.
Key Questions Answered
- How this market evolved since the year 2016
- Market size estimations, forecasts and CAGR for all the segments presented in the scope
- Key Market Developments and financials of the key players
- Opportunity Analysis for the new entrants
- SWOT Analysis of the key players
- Fastest growing markets analysed during the forecast period
1 Market Synopsis
2 Research Outline
2.1 Research Snapshot
2.2 Research Methodology
2.3 Research Sources
2.3.1 Primary Research Sources
2.3.2 Secondary Research Sources
3 Market Dynamics
4 Market Environment
4.1 Bargaining Power of Suppliers
4.2 Bargaining Power of Buyers
4.3 Threat of Substitutes
4.4 Threat of New Entrants
4.5 Competitive Rivalry
5 Global Subsea Pumps Market, By Type
5.5 Hybrid Pump
5.6 Twin Screw
5.7 Electrical Submersible Pump (ESP)
6 Global Subsea Pumps Market, By Application
6.2 Gas Compression
6.3 Subsea Injection
6.4 Subsea Boosting
6.5 Subsea Separation
7 Global Subsea Pumps Market, By Geography
7.2 North America
7.4 Asia Pacific
7.5 South America
7.6 Middle East & Africa
8 Strategic Benchmarking
9 Vendors Landscape
9.1 Baker Hughes A GE Co.
9.2 GE Energy
9.3 Aker Solutions ASA
9.4 Halliburton Company
9.5 Flow Serve
9.6 FMC Technologies
9.8 Schlumberger Limited
9.9 National-Oilwell Varco Inc.
9.10 TechnipFMC PLC
9.11 Weatherford International PLC
9.12 Rongsheng Machinery Manufacture Ltd.
9.14 Oceaneering International
9.15 Kerui Group Co. Ltd.
List of Data Tables
Table 1 Global Subsea Pumps Market Outlook, By Region (2016-2026) ($MN)
Table 2 Global Subsea Pumps Market Outlook, By Type (2016-2026) ($MN)
Table 3 Global Subsea Pumps Market Outlook, By Centrifugal (2016-2026) ($MN)
Table 4 Global Subsea Pumps Market Outlook, By Counter-Axial (2016-2026) ($MN)
Table 5 Global Subsea Pumps Market Outlook, By Helico-Axial (2016-2026) ($MN)
Table 6 Global Subsea Pumps Market Outlook, By Hybrid Pump (2016-2026) ($MN)
Table 7 Global Subsea Pumps Market Outlook, By Twin Screw (2016-2026) ($MN)
Table 8 Global Subsea Pumps Market Outlook, By Electrical Submersible Pump (ESP) (2016-2026) ($MN)
Table 9 Global Subsea Pumps Market Outlook, By Application (2016-2026) ($MN)
Table 10 Global Subsea Pumps Market Outlook, By Gas Compression (2016-2026) ($MN)
Table 11 Global Subsea Pumps Market Outlook, By Subsea Injection (2016-2026) ($MN)
Table 12 Global Subsea Pumps Market Outlook, By Subsea Boosting (2016-2026) ($MN)
Table 13 Global Subsea Pumps Market Outlook, By Subsea Separation (2016-2026) ($MN)
For more information about this report visit https://www.researchandmarkets.com/research/63ffb3/global_subsea?w=4
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PUB: 02/13/2019 10:26 AM/DISC: 02/13/2019 10:26 AM