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Global Subsea Production Systems Market 2018-2022

Global Subsea Production Systems Market 2018-2022

About Subsea Production Systems

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 production systems market to grow at a CAGR of 3.21% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global subsea production systems 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 Production Systems 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
  • Dril-Quip
  • Halliburton
  • Hunting
  • Nexans
  • Parker Hannifin
  • Prysmian Group
  • Siemens
  • SUBSEA 7
  • Trendsetter
Market driver
  • Increase in global rig count
  • For a full, detailed list, view our report
Market trend
  • ERD technology
  • 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 Production Systems Market 2018-2022

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

Other Prominent Vendors in the market are: Dril-Quip, Halliburton, Hunting, Nexans, Parker Hannifin, Prysmian Group, Siemens, SUBSEA 7, and Trendsetter.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is ERD technology. Extended reach drilling (ERD) well is defined as the well with step-out to ND (True vertical depth) ratio of 2:1 or higher. There are certain other factors taken into consideration such as key drilling challenges, water depth, and rig capabilities. Though the use of ERD technology in the current oil and gas market is not feasible, it is expected to be used in time, as using this technology is about the economics and demand in the market. In the last two years of low crude oil price, the operators have adopted this technology, which made the overall project commercially viable.”

According to the report, one driver in the market is increase in global rig count. The upstream oil and gas industry is extremely reliant on the global crude oil prices. The recent crude oil price slump that started in mid-2014 severely affected the upstream industry. However, crude oil prices have now started to increase and are in the range of $50/W-$60/bbl. The decline in upstream operations was evident from the fact that the global active rig count had fallen dramatically. Reduced operations worldwide impacted major oil and gas exploration as well as service provider companies.

Companies Mentioned

Aker Solutions, GENERAL ELECTRIC, National Oilwell Varco, Schlumberger, TechnipFMC, Dril-Quip, Halliburton, Hunting, Nexans, Parker Hannifin, Prysmian Group, Siemens, SUBSEA 7, and Trendsetter.

  • 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 subsea production systems 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 Petroleum upstream activity stages
      • 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 equipment type
    • Segmentation by equipment type
      • Table Equipment type - Market share 2017-2022 (%)
    • Comparison by equipment type
      • Table Comparison by equipment type
    • SURF - Market size and forecast 2017-2022
      • Table SURF - Market size and forecast 2017-2022 ($ millions)
      • Table SURF - Year-over-year growth 2018-2022 (%)
      • Table Basic functions of subsea umbilicals, risers, and flowlines
    • Pressure control system - Market size and forecast 2017-2022
      • Table Pressure control system - Market size and forecast 2017-2022 ($ millions)
      • Table Pressure control system - Year-over-year growth 2018-2022 (%)
    • Subsea trees - Market size and forecast 2017- 2022
      • Table Subsea trees - Market size and forecast 2017-2022 ($ millions)
      • Table Subsea trees - Year-over-year growth 2018-2022 (%)
    • Manifold - Market size and forecast 2017-2022
      • Table Manifold - Market size and forecast 2017-2022 ($ millions)
      • Table Manifold - Year-over-year growth 2018-2022 (%)
    • Market opportunity by equipment type
      • Table Market opportunity by equipment type
  • 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 rig count 2016-2017
      • Table Global liquid fuel consumption 2009-2018 (mbpd)
    • Market challenges
      • Table Global crude oil price 2012-2017 ($/bbl)
  • Market trends
    • ERD technology
    • Industry 4.0: Trends impacting upstream producers
    • Different reservoir characteristics
  • 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 Aker Solutions 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 GENERAL ELECTRIC 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 National Oilwell Varco 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 Schlumberger 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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