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Subsea Power Grid Systems

Subsea Power Grid Systems

This report analyzes the worldwide markets for Subsea Power Grid Systems in US$ Thousand. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Middle East, Africa, and Latin America. Annual estimates and forecasts are provided for the period 2013 through 2020. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs. The report profiles 40 companies including many key and niche players such as -

ABB Ltd.
Aker Solutions ASA
BPP-Cables
General Electric Company
Hydro Group PLC


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I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS
Study Reliability and Reporting Limitations
Disclaimers
Data Interpretation & Reporting Level
Quantitative Techniques & Analytics
Product Definition and Scope of Study
II. EXECUTIVE SUMMARY
1. INDUSTRY OVERVIEW
Subsea Power Grid to Catalyze Development of Subsea Factories & Subsea Power Stations
Deepwater & Ultra Deepwater Reservoirs: The New Frontier for Exploration and Production (E&P) Companies
Table 1: Global Oil Demand by Type of Resource (2020P): Percentage Breakdown of Oil Demand Met from Deepwater, Onshore, Shale, and Shallow Water (includes corresponding Graph/Chart)
Table 2: Number of New Subsea Wells Worldwide: 2011-2015 (includes corresponding Graph/Chart)
Table 3: Worldwide Oil and Gas Production by Type of Wells (2010, 2015E & 2020P): Percentage Breakdown of Production Volume for Onshore and Offshore Wells (includes corresponding Graph/Chart)
Table 4: Worldwide Offshore Oil and Gas Production by Type of Wells (2010, 2015E & 2020P): Percentage Breakdown of Production Volume for Shallow and Deepwater Wells (includes corresponding Graph/Chart)
Table 5: Global Oil Discoveries (in billion b/d) and Oil Production (in million bpd): 1900, 1930, 1960, 1990, and 2020P (includes corresponding Graph/Chart)
Table 6: Global Oil Price (US$/bb) and Upstream CAPEX Index (%) Compared over the Period 2000-2012 (includes corresponding Graph/Chart)
Subsea Oil and Gas Processing Critical for Boosting Capacity, Lifespan of Underwater Wells
Table 7: Global Demand for Subsea Processing Hardware by Type of Electric Powered Equipment (2015E & 2020P): Percentage Breakdown of Unit Volumes for Boosting Pumps, Compressors, Electrical Submersible Pumps, and Separators (includes corresponding Graph/Chart)
Subsea Electrification Technologies: Key Enabler for Subsea E&P Operations
Market Fortunes Intrinsically Tied to the Oil & Gas Industry
Table 8: Global Energy Demand by Region/Country (2010 & 2040P): Percentage Share Breakdown of Demand for Asia-Pacific (China, India, and Rest of Asia-Pacific), North America (US, and Rest of North America), Europe, Russia & Caspian Region, Africa, Middle East, and Latin America (includes corresponding Graph/Chart)
Table 9: Global Energy Demand by Source (2010 & 2040P): Percentage Share Breakdown of Demand for Oil, Gas, Coal, Nuclear, Biomass & Waste, Hydro, and Other Renewables (includes corresponding Graph/Chart)
Table 10: Global Proven Oil Reserves by Geographic Region (2014): Percentage Share Breakdown of Volume Reserves for Africa, Asia-Pacific, Central & South America, Eurasia, Europe, Middle East, and North America (includes corresponding Graph/Chart)
Table 11: Top 10 Countries Worldwide with Proven Oil Reserves (in Billion Barrels): 2014 (includes corresponding Graph/Chart)
Table 12: Global Natural Gas Reserves by Geographic Region (2014): Percentage Share Breakdown of Volume Reserves for Africa, Asia-Pacific, Eurasia, Europe, Latin America, Middle East, and North America (includes corresponding Graph/Chart)
Oil and Gas Prices Play an Influential Role
Table 13: Global Oil and Gas Price Trends (2009-2014) (includes corresponding Graph/Chart)
Table 14: Global Oil and Gas Price Trends (Sep 2014 - Feb 2015) (includes corresponding Graph/Chart)
Declining Oil Prices & Uncertain Exploration Investments Dampens Business Climate in 2015
Table 15: Recent Disruptions in Oil Prices: Breakdown of World Crude Oil (Petroleum) Prices (In US$) from January 2013 to February 2015 (includes corresponding Graph/Chart)
Drop in Drilling Activity in Oil Industry Slows Down Market Growth
Table 16: Global Rig Count by Region (2014): Percentage Breakdown for Africa, Asia-Pacific, Canada, Europe, Latin America, Middle East, and the US (includes corresponding Graph/Chart)
Global Outlook
Competitive Landscape
Table 17: Leading Subsea Processing Equipment Companies Worldwide (2015E): Market Share Breakdown for Aker Solutions, Cameron International, FMC Technologies, General Electric, Technip SA, and Others (includes corresponding Graph/Chart)
2. MARKET TRENDS, ISSUES & DRIVERS
Rising Capital Expenditure on Subsea Oil and Gas Production: A Strong Growth Driver
Table 18: Offshore Oil and Gas Exploration & Production Expenditure Worldwide (in US$ Billion): 2010, 2014 & 2018P (includes corresponding Graph/Chart)
Table 19: Offshore Oil and Gas Exploration & Production Expenditure Worldwide by Segment (2014-2018): Percentage Breakdown of Expenditure for Drilling, Engineering, Procurement, Construction, Installation (EPCI), Life of Field, Offshore Supply Vehicle, and Subsea (includes corresponding Graph/Chart)
Table 20: Subsea Capital Expenditure Worldwide by Depth of Installation (2015E & 2020P): Percentage Breakdown of CAPEX for Installations at Depth of Below 99 Meters, 100-499, 500-999, 1000-1499, and 1500 Meters and Above (includes corresponding Graph/Chart)
Table 21: Global Subsea Capital Expenditure by Geographic Region (2015E & 2020P): Percentage Breakdown for Africa, Asia-Pacific, Europe, Latin America, Middle East, and North America (includes corresponding Graph/Chart)
Table 22: Subsea CAPEX by Leading E&P Companies in North America (2015-2020): Percentage Breakdown of Spending by Andarko, BP, Shell, and Others (includes corresponding Graph/Chart)
Table 23: Offshore Oil and Gas Exploration & Production Expenditure Worldwide by Geographic Region (2014-2018): Percentage Breakdown of Expenditure for Africa, Asia-Pacific, Latin America, Middle East, North America, Western Europe, and Others (includes corresponding Graph/Chart)
Subsea Power Grid Operators Expected to Switch from AC to DC Transmission in Near Future
Formidable Technological Challenges Lay Ahead for Subsea Power Grid System Developers
Volatility in Crude Oil Prices to Upset Development of Subsea Power Grid Technology
Standardization Key to Reducing Hardware Costs and Boosting Adoption
Cables to Capture Biggest Chunk of Component Sales
Captive Power Generation Systems: Dominant Source of Power for Subsea Installations
Buoyant Offshore Wind Power Spurs Investment in Subsea Power Grid
Table 24: Global Offshore Wind Energy Installed Base (Total) by Country (2013): Percentage Breakdown of Installed Capacity for Belgium, China, Denmark, Finland, Germany, Ireland, Japan, Sweden, the Netherlands, the United Kingdom, and Others (includes corresponding Graph/Chart)
Table 25: Global Offshore Wind Energy Installed Base (New) by Country (2013): Percentage Breakdown of Capacity Installed for Belgium, Denmark, Germany, Sweden, the United Kingdom, and Others (includes corresponding Graph/Chart)
Development of Subsea Power Grid Systems Critical for Viability of Tidal Power Farms
Favorable Macroeconomic and Demographic Dynamics Spur Energy Demand and E&P Activity
Table 26: Global Population Estimates (in Billion): 2000-2050P (includes corresponding Graph/Chart)
Table 27: Top 25 Countries Worldwide in Terms of Population: 2007 & 2014 (includes corresponding Graph/Chart)
Table 28: Estimated Global Demand for Primary Energy (in Mtoe): 2015, 2020, 2025, 2030, and 2035 (includes corresponding Graph/Chart)
Table 29: Global Energy Demand by End-use Sector (1990 & 2035P): Percentage Breakdown of Demand for Industry, Power, and Transport (includes corresponding Graph/Chart)
Table 30: Global Oil & Gas Demand (in Million Tons of Oil Equivalent): 2000, 2005, 2010, 2015, 2020, 2025, 2030, and 2035 (includes corresponding Graph/Chart)
Table 31: Percentage Breakdown of Global Demand (in mb/d) for OECD and Non-OECD Countries: 2000, 2010, 2020P & 2030P (includes corresponding Graph/Chart)
3. PRODUCT OVERVIEW
Subsea Power Cables
Variable Speed Drives
Subsea Transformers
Subsea Switchgears
4. RECENT INDUSTRY ACTIVITY
Acteon Sets Up Clarus Subsea Integrity
Offshore Renewable Energy Catapult Collaborates with GnoSys Global
Chevron Enters Viper Subsea’s JIP
Siem Secures Contract for Veja Mate OWF Cable Project
National Grid Inks Ownership Agreement with Statnett for NSN Link
ABB Secures Subsea Cable System Contract from Energinet.dk
Nexans Secures NordLink Project for 525 kV Cable Subsystems between Norway and UK
Siemens Transfers HelWin1 Grid Connection to TenneT
Siemens Transfers BorWin2 to TenneT
Maritech Completes Subsea Power Cable Installation Contract with Newfoundland Power
Prysmian Group Receives Contract from Iberdrola Renovables Offshore for Wind Turbine Power Cable System
First Subsea Wins GROW Funding for Monopile Interface Connector, Hang off Cable Connector
Jee Ltd Secures Contract for Subsea Electrical Array Cable Solutions from Scottish Enterprise
ABB Develops 525kV HVDC Subsea Power Transmission Cable System
TenneT Establishes Offshore Netherlands Department
Siem Offshore Secures Contract for Nordsee One Offshore Wind Farm
Siemens Completes Installation of Platform for SylWin1 DC link
Prysmian Group Secures Power Cable Contract from 50Hertz Offshore
ABB Secures Caithness-Moray HDVC Link contract from Scottish Hydro Electric
Prysmian Group Showcases HV Submarine Power Transmission Portfolio
Prysmian Group Ramps Up Production Capabilities for Submarine Power Cables
ABB and Statoil Commence JIP for Developing Subsea Power Grid Solutions
Prysmian Group Secures Submarine Cables System Contract from ExxonMobil
5. FOCUS ON SELECT GLOBAL PLAYERS
ABB Ltd (Switzerland)
Aker Solutions ASA (Norway)
BPP-Cables (UK)
General Electric Company (US)
Hydro Group PLC (UK)
J+S Ltd. (UK)
JDR (UK)
Nexans S.A. (France)
Ningbo Orient Wires & Cables Co., Ltd (China)
OneSubsea (US)
Parker Hannifin Corporation (US)
Parker Parflex Division (US)
Prysmian Group (Italy)
Siemens AG (Germany)
Schlumberger Limited (US)
Schneider Electric SE (France)
6. GLOBAL MARKET PERSPECTIVE
Table 32: World Recent Past, Current and Future Analysis for Subsea Power Grid Systems by Geographic Region/Country - US, Canada, Europe, Asia-Pacific, Middle East, Africa, and Latin America Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2013 through 2020 (includes corresponding Graph/Chart)
Table 33: World 8-Year Perspective for Subsea Power Grid Systems by Geographic Region/Country - Percentage Breakdown of Dollar Sales for US, Canada, Europe, Asia-Pacific, Middle East, Africa, and Latin America Markets for Years 2013, 2015 and 2020 (includes corresponding Graph/Chart)
III. MARKET
1. THE UNITED STATES
A. Market Analysis
Current & Future Analysis
Table 34: North America Offshore Oil and Gas Exploration & Production Expenditure by Type of Well (2010, 2014 & 2018P): Percentage Breakdown of Expenditure for Deepwater Wells, and Shallow Wells (includes corresponding Graph/Chart)
Oil & Natural Gas Exploration: A Key Application Market
Table 35: Oil and Gas Drilling Rigs Count in the US (2008 -2014): Breakdown of Number of Rigs for Oil Drilling Rigs, Gas Drilling Rigs, and Others (includes corresponding Graph/Chart)
Table 36: Oil and Gas Drilling Rigs Count in the US (2008 -2014): Breakdown of Number of Rigs for Land-Based Rigs and Offshore Rigs (includes corresponding Graph/Chart)
Strategic Corporate Developments
Select Key Players
B. Market Analytics
Table 37: US Recent Past, Current and Future Analysis for Subsea Power Grid Systems Analyzed with Annual Sales Figures in US$ Thousand for Years 2013 through 2020 (includes corresponding Graph/Chart)
2. CANADA
A. Market Analysis
Market Overview
Strategic Corporate Development
B. Market Analytics
Table 38: Canadian Recent Past, Current and Future Analysis for Subsea Power Grid Systems Analyzed with Annual Sales Figures in US$ Thousand for Years 2013 through 2020 (includes corresponding Graph/Chart)
3. EUROPE
A. Market Analysis
Current & Future Analysis
Europe’s Offshore CAPEX Driven by Norway, UK and Russia
B. Market Analytics
Table 39: European Recent Past, Current and Future Analysis for Subsea Power Grid Systems by Geographic Region/Country - UK, Norway, Russia, and Rest of Europe Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2013 through 2020 (includes corresponding Graph/Chart)
Table 40: Europe 8-Year Perspective for Subsea Power Grid Systems by Geographic Region/Country - Percentage Breakdown of Dollar Sales for UK, Norway, Russia, and Rest of Europe Markets for Years 2013, 2015 and 2020 (includes corresponding Graph/Chart)
3a. THE UNITED KINGDOM
A. Market Analysis
Current & Future Analysis
Oil and Gas Industry: A Review
Strategic Corporate Developments
Select Key Players
B. Market Analytics
Table 41: The United Kingdom Recent Past, Current and Future Analysis for Subsea Power Grid Systems Analyzed with Annual Sales Figures in US$ Thousand for Years 2013 through 2020 (includes corresponding Graph/Chart)
3b. NORWAY
A. Market Analysis
Current & Future Analysis
Norway to Drive Offshore CAPEX in Arctic Waters
Strategic Corporate Developments
Select Key Players
B. Market Analytics
Table 42: Norwegian Recent Past, Current and Future Analysis for Subsea Power Grid Systems Analyzed with Annual Sales Figures in US$ Thousand for Years 2013 through 2020 (includes corresponding Graph/Chart)
3c. RUSSIA
A. Market Analysis
Current & Future Analysis
Oil & Gas Industry: A Review
B. Market Analytics
Table 43: Russian Recent Past, Current and Future Analysis for Subsea Power Grid Systems Analyzed with Annual Sales Figures in US$ Thousand for Years 2013 through 2020 (includes corresponding Graph/Chart)
3d. REST OF EUROPE
A. Market Analysis
Current & Future Analysis
Strategic Corporate Developments
Select Key Players
B. Market Analytics
Table 44: Rest of Europe Recent Past, Current and Future Analysis for Subsea Power Grid Systems Analyzed with Annual Sales Figures in US$ Thousand for Years 2013 through 2020 (includes corresponding Graph/Chart)
4. ASIA-PACIFIC
A. Market Analysis
Current & Future Analysis
Offshore CAPEX Remains Buoyant in Asia-Pacific
Table 45: Asia-Pacific Offshore Oil and Gas Exploration & Production Expenditure by Type of Well (2010, 2014 & 2018P): Breakdown of Expenditure for Deepwater Wells, and Shallow Wells (includes corresponding Graph/Chart)
Table 46: Asian Subsea Market by Country (2015E & 2018P): Percentage Breakdown of Subsea Installations for Brunei, China, India, Indonesia, Malaysia, Philippines, and Sri Lanka (includes corresponding Graph/Chart)
B. Market Analytics
Table 47: Asia-Pacific Recent Past, Current and Future Analysis for Subsea Power Grid Systems by Geographic Region/Country - Australia, India, Malaysia, and Rest of Asia-Pacific Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2013 through 2020 (includes corresponding Graph/Chart)
Table 48: Asia-Pacific 8-Year Perspective for Subsea Power Grid Systems by Geographic Region/Country - Percentage Breakdown of Dollar Sales for Australia, India, Malaysia, and Rest of Asia-Pacific Markets for Years 2013, 2015 and 2020 (includes corresponding Graph/Chart)
4a. AUSTRALIA
A. Market Analysis
Current & Future Analysis
Offshore Capital Expenditure to Remain Strong in Near Term
B. Market Analytics
Table 49: Australian Recent Past, Current and Future Analysis for Subsea Power Grid Systems Analyzed with Annual Sales Figures in US$ Thousand for Years 2013 through 2020 (includes corresponding Graph/Chart)
4b. INDIA
A. Market Analysis
Current & Future Analysis
B. Market Analytics
Table 50: Indian Recent Past, Current and Future Analysis for Subsea Power Grid Systems Analyzed with Annual Sales Figures in US$ Thousand for Years 2013 through 2020 (includes corresponding Graph/Chart)
4c. MALAYSIA
A. Market Analysis
Current & Future Analysis
B. Market Analytics
Table 51: Malaysian Recent Past, Current and Future Analysis for Subsea Power Grid Systems Analyzed with Annual Sales Figures in US$ Thousand for Years 2013 through 2020 (includes corresponding Graph/Chart)
4d. REST OF ASIA-PACIFIC
A. Market Analysis
Current & Future Analysis
Ningbo Orient Wires & Cables Co., Ltd – A Key Chinese Player
B. Market Analytics
Table 52: Rest of Asia-Pacific Recent Past, Current and Future Analysis for Subsea Power Grid Systems Analyzed with Annual Sales Figures in US$ Thousand for Years 2013 through 2020 (includes corresponding Graph/Chart)
5. MIDDLE EAST
A. Market Analysis
Current & Future Analysis
Middle East Subsea CAPEX Scenario
Table 53: Middle East Offshore Oil and Gas Exploration & Production Expenditure by Type of Well (2010, 2014 & 2018P): Percentage Breakdown of Expenditure for Deepwater Wells, and Shallow Wells (includes corresponding Graph/Chart)
B. Market Analytics
Table 54: Middle East Recent Past, Current and Future Analysis for Subsea Power Grid Systems Analyzed with Annual Sales Figures in US$ Thousand for Years 2013 through 2020 (includes corresponding Graph/Chart)
6. AFRICA
A. Market Analysis
Current & Future Analysis
Angola to Lead Growth of African Offshore E&P Sector
Table 55: West African Subsea Market by Country (2015E & 2018P): Percentage Breakdown of Subsea Installations for Angola, Congo, Equatorial Guinea, Ghana, Ivory Coast, and Nigeria (includes corresponding Graph/Chart)
B. Market Analytics
Table 56: Africa Recent Past, Current and Future Analysis for Subsea Power Grid Systems by Geographic Region/Country - Angola, Nigeria, and Rest of Africa Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2013 through 2020 (includes corresponding Graph/Chart)
Table 57: Africa 8-Year Perspective for Subsea Power Grid Systems by Geographic Region/Country - Percentage Breakdown of Dollar Sales for Angola, Nigeria, and Rest of Africa Markets for Years 2013, 2015 and 2020 (includes corresponding Graph/Chart)
6a. ANGOLA
A. Market Analysis
Current & Future Analysis
B. Market Analytics
Table 58: Angolan Recent Past, Current and Future Analysis for Subsea Power Grid Systems Analyzed with Annual Sales Figures in US$ Thousand for Years 2013 through 2020 (includes corresponding Graph/Chart)
6b. NIGERIA
A. Market Analysis
Current & Future Analysis
B. Market Analytics
Table 59: Nigerian Recent Past, Current and Future Analysis for Subsea Power Grid Systems Analyzed with Annual Sales Figures in US$ Thousand for Years 2013 through 2020 (includes corresponding Graph/Chart)
6c. REST OF AFRICA
A. Market Analysis
Current & Future Analysis
B. Market Analytics
Table 60: Rest of Africa Recent Past, Current and Future Analysis for Subsea Power Grid Systems Analyzed with Annual Sales Figures in US$ Thousand for Years 2013 through 2020 (includes corresponding Graph/Chart)
7. LATIN AMERICA
A. Market Analysis
Current & Future Analysis
Brazil Spearheads Subsea CAPEX in Latin America
Table 61: Latin America Offshore Oil and Gas Exploration & Production Expenditure by Type of Well (2010, 2014 & 2018P): Percentage Breakdown of Expenditure for Deepwater Wells, and Shallow Wells (includes corresponding Graph/Chart)
B. Market Analytics
Table 62: Latin American Recent Past, Current and Future Analysis for Subsea Power Grid Systems by Geographic Region/Country - Brazil, Mexico, and Rest of Latin America Markets Independently Analyzed with Annual Sales Figures in US$ Thousand for Years 2013 through 2020 (includes corresponding Graph/Chart)
Table 63: Latin American 8-Year Perspective for Subsea Power Grid Systems by Geographic Region/Country - Percentage Breakdown of Dollar Sales for Brazil, Mexico, and Rest of Latin America Markets for Years 2013, 2015 and 2020 (includes corresponding Graph/Chart)
7a. BRAZIL
A. Market Analysis
Current & Future Analysis
B. Market Analytics
Table 64: Brazilian Recent Past, Current and Future Analysis for Subsea Power Grid Systems Analyzed with Annual Sales Figures in US$ Thousand for Years 2013 through 2020 (includes corresponding Graph/Chart)
7b. MEXICO
A. Market Analysis
Current & Future Analysis
B. Market Analytics
Table 65: Mexican Recent Past, Current and Future Analysis for Subsea Power Grid Systems Analyzed with Annual Sales Figures in US$ Thousand for Years 2013 through 2020 (includes corresponding Graph/Chart)
7c. REST OF LATIN AMERICA
A. Market Analysis
Current & Future Analysis
B. Market Analytics
Table 66: Rest of Latin America Recent Past, Current and Future Analysis for Subsea Power Grid Systems Analyzed with Annual Sales Figures in US$ Thousand for Years 2013 through 2020 (includes corresponding Graph/Chart)
IV. COMPETITIVE LANDSCAPE
Total Companies Profiled: 40 (including Divisions/Subsidiaries - 44)
The United States (12)
Japan (4)
Europe (22)
- France (3)
- Germany (3)
- The United Kingdom (10)
- Italy (2)
- Rest of Europe (4)
Asia-Pacific (Excluding Japan) (6)

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