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Global Subsea Processing Systems Market 2018-2022

Global Subsea Processing Systems Market 2018-2022

About Subsea Processing System

The oil and gas sector has extended its reach from land-based drilling to the offshore segment to tap the richness of the earth covered by water. The environmental conditions in the offshore sector are challenging as they vary greatly from the onshore sector. There were two major developments witnessed as drillers approached oceans for producing crude oil and natural gas.

Technavio’s analysts forecast the global subsea processing system market to grow at a CAGR of 3.13% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global subsea processing system market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Subsea Processing System Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Aker Solutions
  • GENERAL ELECTRIC
  • National Oilwell Varco
  • Schlumberger
  • TechnipFMC


  • Other prominent vendors
  • Forum Energy Technologies
  • ITT
  • Halliburton
  • Leistritz Advanced Technologies
  • MAN
  • Saipem
  • Siemens
  • SPX FLOW
  • SUBSEA 7
  • Weatherford
Market driver
  • Growth in the number of deep and ultra-deepwater drilling projects
  • For a full, detailed list, view our report
Market trend
  • ERD Technologies
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Subsea Processing System Market 2018-2022

Technavio recognizes the following companies as the key players in the global subsea processing system market: Aker Solutions, GENERAL ELECTRIC, National Oilwell Varco, Schlumberger, and TechnipFMC.

Other Prominent Vendors in the market are: Forum Energy Technologies, ITT, Halliburton, Leistritz Advanced Technologies, MAN, Saipem, Siemens, SPX FLOW, SUBSEA 7, and Weatherford.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is ERD Technologies. The use of extended reach drilling (ERD) technology in the current oil and gas scenario is not economically feasible. However, the real situation is quite the opposite, as using this technology is about the economics and the demanding market conditions. In the last two years of low crude oil prices, operators have adopted these technologies, which has made the overall project commercially viable. This is because the benefits from this technology are for the long-term projects.”

According to the report, one driver in the market is growth in the number of deep and ultra-deepwater drilling projects. Deep and ultra-giggp,projects have gradually started resuming operations with the gradual stabilization of the crude oil prices. The growing focus of oil majors on operational improvements has resulted in a reduction in the CAPEX and OPEX, which, in turn, has reduced the breakeven value for crude oil production. This translates into the oil companies better sustaining in the market at the current oil price of around $56/01 as of September 2017.

Companies Mentioned

Aker Solutions, GENERAL ELECTRIC, National Oilwell Varco, Schlumberger, TechnipFMC, Forum Energy Technologies, ITT, Halliburton, Leistritz Advanced Technologies, MAN, Saipem, Siemens, SPX FLOW, SUBSEA 7, and Weatherford.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Major segments of oil and gas industry
  • Market landscape
    • Market ecosystem
      • Table Parent market
      • Table Global oilfield services market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global – Market size and forecast 2017-2022 ($ millions)
      • Table Global – Year-over-year growth 2018-2022 (%)
      • Table Stages of petroleum upstream activities
      • Table Reasons for low crude oil prices
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by technology
    • Segmentation by technology
      • Table Technology – Market share 2017-2022 (%)
    • Comparison by technology
      • Table Comparison by technology
    • Boosting – Market size and forecast 2017-2022
      • Table Boosting – Market size and forecast 2017-2022 ($ millions)
      • Table Boosting – Year-over-year growth 2018-2022 (%)
    • Separation – Market size and forecast 2017-2022
      • Table Separation – Market size and forecast 2017-2022 ($ millions)
      • Table Separation – Year-over-year growth 2018-2022 (%)
    • Injection – Market size and forecast 2017-2022
      • Table Injection – Market size and forecast 2017-2022 ($ millions)
      • Table Injection – Year-over-year growth 2018-2022 (%)
    • Compression – Market size and forecast 2017- 2022
      • Table Compression – Market size and forecast 2017-2022 ($ millions)
      • Table Compression – Year-over-year growth 2018-2022 (%)
    • Market opportunity by technology
      • Table Market opportunity by technology
  • Customer landscape
    • Table Customer landscape
  • Regional landscape
    • Geographical segmentation
      • Table Global – Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • EMEA – Market size and forecast 2017-2022
      • Table EMEA – Market size and forecast 2017-2022 ($ millions)
      • Table EMEA – Year-over-year growth 2018-2022 (%)
    • Americas – Market size and forecast 2017-2022
      • Table Americas – Market size and forecast 2017-2022 ($ millions)
      • Table Americas – Year-over-year growth 2018-2022 (%)
    • APAC – Market size and forecast 2017-2022
      • Table APAC – Market size and forecast 2017-2022 ($ millions)
      • Table APAC – Year-over-year growth 2018-2022 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global liquid fuel consumption 2009-2018 (mbpd)
    • Market challenges
      • Table Global crude oil price 2012-2017 ($/bbl)
  • Market trends
    • ERD Technologies
    • Industry 4.0: Trends impacting upstream producers
    • Discovery of new oil fields
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive Scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Aker Solutions
      • Table Vendor overview
      • Table Aker Solutions – Business segments
      • Table Aker Solutions – Organizational developments
      • Table Aker Solutions – Geographic focus
      • Table Aker Solutions – Segment focus
      • Table Aker Solutions – Key offerings
    • GENERAL ELECTRIC
      • Table Vendor overview
      • Table GENERAL ELECTRIC – Business segments
      • Table GENERAL ELECTRIC – Organizational developments
      • Table GENERAL ELECTRIC – Geographic focus
      • Table GENERAL ELECTRIC – Segment focus
      • Table GENERAL ELECTRIC – Key offerings
    • National Oilwell Varco
      • Table Vendor overview
      • Table National Oilwell Varco – Business segments
      • Table National Oilwell Varco – Organizational developments
      • Table National Oilwell Varco – Geographic focus
      • Table National Oilwell Varco – Segment focus
      • Table National Oilwell Varco – Key offerings
    • Schlumberger
      • Table Vendor overview
      • Table Schlumberger – Business segments
      • Table Schlumberger – Organizational developments
      • Table Schlumberger – Geographic focus
      • Table Schlumberger – Segment focus
      • Table Schlumberger – Key offerings
    • TechnipFMC
      • Table TechnipFMC overview
      • Table TechnipFMC – Business segments
      • Table TechnipFMC – Organizational developments
      • Table TechnipFMC – Geographic focus
      • Table TechnipFMC – Segment focus
      • Table TechnipFMC – Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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