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Global Subsea Systems Market By Type (Subsea Processing System & Subsea Production System), By Subsea Production Component (SURF; Subsea Control System; Subsea Trees & Subsea Manifolds), By Subsea Processing Technology (Subsea Boosting System; Subsea Sepa

Global Subsea Systems Market By Type (Subsea Processing System & Subsea Production System), By Subsea Production Component (SURF; Subsea Control System; Subsea Trees & Subsea Manifolds), By Subsea Processing Technology (Subsea Boosting System; Subsea Separation System & Others), By Region, Competition, Forecast & Opportunities, 2024

Global subsea systems market was valued at $ 15.7 billion in 2018 is predicted to grow at a CAGR of more than 4% to cross $ 19.3 billion by 2024. The growth of the market for subsea systems is majorly attributable to the high energy demand coupled with continuous conventional onshore petroleum reserves depletion. Moreover, recovery of oil prices in the last few years is further leading to growth of subsea systems market globally. Additionally, exploration and production companies are investing greatly in offshore development projects, which is further anticipated to bolster growth of the market during forecast period.

In terms of type, global subsea systems market is categorized into subsea processing system and subsea production system, of which the former is anticipated to grow at a healthy pace throughout the forecast period. The growth of this category is majorly attributable to the need for improving recovery rates in shallow water fields, particularly across the North Sea.

  • n the basis of regions, global subsea systems market is categorized into Europe, Asia-Pacific, North America, South America and Middle East & Africa. Of all, North America is anticipated to witness the fastest growth during forecast period on account of rising investments in major oil producing countries in the region.
Players in global subsea systems market are focusing on winning large number of contracts & agreements to increase their market size and strengthen their market foothold in the regional markets. Major players operating in global subsea systems market are Subsea 7 SA, TechnipFMC Plc., GE Oil & Gas, Aker Solutions, Dril-Quip Inc., National Oilwell Varco, Oceaneering International Inc., among others.

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020-2024
  • bjective of the Study:
  • To analyze and forecast global subsea systems market size.
  • To forecast global subsea systems market based on type, subsea production component, subsea processing technology and regional distribution.
  • To identify drivers and challenges for global subsea systems market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc. in global subsea systems market.
  • To conduct pricing analysis for global subsea systems market.
  • To identify and analyze the profile of leading players operating in global subsea systems market.
Some of the leading players in global subsea systems market are Subsea 7 SA, TechnipFMC Plc., GE Oil & Gas, Aker Solutions, Dril-Quip Inc., National Oilwell Varco, Oceaneering International, Inc., Kongsberg Gruppen, Nexans SA, Parker Hannifin Corporation, Vallourec, Onesubsea, Twister BV, Proserv Group Inc., etc.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of subsea system providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include the developers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product offerings and presence of all major subsea system developers across the globe.

TechSci Research calculated global subsea systems market size using a top down and bottom-up approach, wherein data for various application across various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:
  • Subsea systems manufacturers/suppliers
  • Subsea systems end-user industries
  • Organizations, forums and alliances related to subsea systems market
  • Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers/suppliers, partners and end users. The study would also help them in identifying which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth of the market.

Report Scope:

In this report, global subsea systems market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
  • Market, By Type:
  • Subsea Production System
  • Subsea Processing System
  • Market, By Subsea Production Component:
  • SURF (Subsea Umbilicals, Risers, Flowlines)
  • Subsea Trees
  • Subsea Control System
  • Subsea Manifolds
  • Market, By Subsea Processing Technology:
  • Subsea Boosting System
  • Subsea Separation System
  • Subsea Injection System
  • Subsea Compression System
  • Market, by Region:
  • North America
United States

Mexico

Canada
  • Middle East & Africa
Saudi Arabia

UAE

Iran

Nigeria

Rest of MEA
  • Asia-Pacific
China

Thailand

India

Indonesia

Malaysia

Rest of APAC
  • Europe
Russia

Norway

United Kingdom

Denmark

Germany

Rest of Europe
  • South America
Brazil

Argentina

Colombia

Rest of South America

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global subsea systems market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information
  • Detailed analysis and profiling of additional market players (up to five).
Profit Margin Analysis
  • Profit margin analysis in case of direct and indirect sales channel.
Please Note: Printing is not available on single-user licenses.


1. Product Overview
2. Product Overview
3. Research Methodology
4. Executive Summary
5. Voice of Customer
5.1. Factors considered while selecting a supplier
5.2. Product awareness and applicability & usage analysis
5.3. Challenges/issues faced post purchase
5.4. Unmet needs
6. Global Subsea Systems Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Type [Subsea Production System; Subsea Processing System]
6.2.2. By Subsea Production Component [SURF (Subsea Umbilicals, Risers, Flowlines); Subsea Trees; Subsea Control System; Subsea Manifolds]
6.2.3. By Subsea Processing Technology [Subsea Boosting System; Subsea Separation System; Subsea Injection System; Subsea Compression System]
6.2.4. By Region [North America; MEA; Asia-Pacific; Europe; South America]
6.2.5. By Company [2018]
6.3. Market Attractiveness Index [By Type; By Subsea Production Component; By Subsea Processing Technology; By Region]
7. North America Subsea Systems Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Type
7.2.2. By Subsea Production Component
7.2.3. By Subsea Processing Technology
7.2.4. By Country
7.3. United States Subsea Systems Market Outlook
7.3.1. Market Size & Forecast
7.3.1.1. By Value
7.3.2. Market Share & Forecast
7.3.2.1. By Type
7.3.2.2. By Subsea Production Component
7.4. Mexico Subsea Systems Market Outlook
7.4.1. Market Size & Forecast
7.4.1.1. By Value
7.4.2. Market Share & Forecast
7.4.2.1. By Type
7.4.2.2. By Subsea Production Component
7.5. Canada Subsea Systems Market Outlook
7.5.1. Market Size & Forecast
7.5.1.1. By Value
7.5.2. Market Share & Forecast
7.5.2.1. By Type
7.5.2.2. By Subsea Production Component
8. Middle East and Africa Subsea Systems Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Type
8.2.2. By Subsea Production Component
8.2.3. By Subsea Processing Technology
8.2.4. By Country
8.3. Saudi Arabia Subsea Systems Market Outlook
8.3.1. Market Size & Forecast
8.3.1.1. By Value
8.3.2. Market Share & Forecast
8.3.2.1. By Type
8.3.2.2. By Subsea Production Component
8.4. UAE Subsea Systems Market Outlook
8.4.1. Market Size & Forecast
8.4.1.1. By Value
8.4.2. Market Share & Forecast
8.4.2.1. By Type
8.4.2.2. By Subsea Production Component
8.5. Iran Subsea Systems Market Outlook
8.5.1. Market Size & Forecast
8.5.1.1. By Value
8.5.2. Market Share & Forecast
8.5.2.1. By Type
8.5.2.2. By Subsea Production Component
8.6. Nigeria Subsea Systems Market Outlook
8.6.1. Market Size & Forecast
8.6.1.1. By Value
8.6.2. Market Share & Forecast
8.6.2.1. By Type
8.6.2.2. By Subsea Production Component
9. Asia-Pacific Subsea Systems Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Type
9.2.2. By Subsea Production Component
9.2.3. By Subsea Processing Technology
9.2.4. By Country
9.3. China Subsea Systems Market Outlook
9.3.1. Market Size & Forecast
9.3.1.1. By Value
9.3.2. Market Share & Forecast
9.3.2.1. By Type
9.3.2.2. By Subsea Production Component
9.4. Thailand Subsea Systems Market Outlook
9.4.1. Market Size & Forecast
9.4.1.1. By Value
9.4.2. Market Share & Forecast
9.4.2.1. By Type
9.4.2.2. By Subsea Production Component
9.5. India Subsea Systems Market Outlook
9.5.1. Market Size & Forecast
9.5.1.1. By Value
9.5.2. Market Share & Forecast
9.5.2.1. By Type
9.5.2.2. By Subsea Production Component
9.6. Indonesia Subsea Systems Market Outlook
9.6.1. Market Size & Forecast
9.6.1.1. By Value
9.6.2. Market Share & Forecast
9.6.2.1. By Type
9.6.2.2. By Subsea Production Component
9.7. Malaysia Subsea Systems Market Outlook
9.7.1. Market Size & Forecast
9.7.1.1. By Value
9.7.2. Market Share & Forecast
9.7.2.1. By Type
9.7.2.2. By Subsea Production Component
10. Europe Subsea Systems Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Type
10.2.2. By Subsea Production Component
10.2.3. By Subsea Processing Technology
10.2.4. By Country
10.3. Russia Subsea Systems Market Outlook
10.3.1. Market Size & Forecast
10.3.1.1. By Value
10.3.2. Market Share & Forecast
10.3.2.1. By Type
10.3.2.2. By Subsea Production Component
10.4. Norway Subsea Systems Market Outlook
10.4.1. Market Size & Forecast
10.4.1.1. By Value
10.4.2. Market Share & Forecast
10.4.2.1. By Type
10.4.2.2. By Subsea Production Component
10.5. United Kingdom Subsea Systems Market Outlook
10.5.1. Market Size & Forecast
10.5.1.1. By Value
10.5.2. Market Share & Forecast
10.5.2.1. By Type
10.5.2.2. By Subsea Production Component
10.6. Denmark Subsea Systems Market Outlook
10.6.1. Market Size & Forecast
10.6.1.1. By Value
10.6.2. Market Share & Forecast
10.6.2.1. By Type
10.6.2.2. By Subsea Production Component
10.7. Germany Subsea Systems Market Outlook
10.7.1. Market Size & Forecast
10.7.1.1. By Value
10.7.2. Market Share & Forecast
10.7.2.1. By Type
10.7.2.2. By Subsea Production Component
11. South America Subsea Systems Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value
11.2. Market Share & Forecast
11.2.1. By Type
11.2.2. By Subsea Production Component
11.2.3. By Subsea Processing Technology
11.2.4. By Country
11.3. Brazil Subsea Systems Market Outlook
11.3.1. Market Size & Forecast
11.3.1.1. By Value
11.3.2. Market Share & Forecast
11.3.2.1. By Type
11.3.2.2. By Subsea Production Component
11.4. Argentina Subsea Systems Market Outlook
11.4.1. Market Size & Forecast
11.4.1.1. By Value
11.4.2. Market Share & Forecast
11.4.2.1. By Type
11.4.2.2. By Subsea Production Component
11.5. Colombia Subsea Systems Market Outlook
11.5.1. Market Size & Forecast
11.5.1.1. By Value
11.5.2. Market Share & Forecast
11.5.2.1. By Type
11.5.2.2. By Subsea Production Component
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends & Developments
14. Competitive Landscape
14.1. Competition Outlook
14.2. Company Profiles
14.2.1. Basic Details
14.2.2. Financials (As reported)
14.2.3. Supply Chain Analysis
14.2.4. Key Market Focus and Geographical Presence
14.2.5. Planned Investments
14.2.6. Pricing of Target Products
14.2.7. Market positioning
14.3. Global Players Profiled (Leading Companies)
14.3.1 Subsea 7 SA
14.3.2 TechnipFMC Plc.
14.3.3 GE Oil & Gas
14.3.4 Aker Solutions
14.3.5 Dril-Quip Inc.
14.3.6 National Oilwell Varco
14.3.7 Oceaneering International, Inc.
14.3.8 Kongsberg Gruppen
14.3.9 Onesubsea
14.3.10 Proserv Group Inc.
(Note: The companies list can be customized based on the client requirements)
15. Strategic Recommendations
List of Figures
Figure 1: Global Subsea Systems Market Size, By Value, 2014-2024F (USD Million)
Figure 2: Global Subsea Systems Market Share, By Type, By Value, 2014-2024F
Figure 3: Global Subsea Systems Market Share, By Subsea Production Component, By Value, 2014-2024F
Figure 4: Global Subsea Systems Market Share, By Subsea Processing Technology, By Value, 2014-2024F
Figure 5: Global Subsea Systems Market Share, By Region, By Value, 2018 & 2024F
Figure 6: Global Subsea Systems Market Share, By Company, By Value, 2018 & 2024F
Figure 7: Global Subsea Systems Market Attractiveness Index, By Subsea Production Component, By Value, 2014-2024F
Figure 8: Global Subsea Systems Market Attractiveness Index, By Subsea Processing Technology, By Value, 2014-2024F
Figure 9: Global Subsea Systems Market Attractiveness Index, By Region, By Value, 2014-2024F
Figure 10: North America Subsea Systems Market Size, By Value, 2014-2024F (USD Million)
Figure 11: North America Subsea Systems Market Share, By Type, By Value, 2014-2024F
Figure 12: North America Subsea Systems Market Share, By Subsea Production Component, By Value, 2014-2024F
Figure 13: North America Subsea Systems Market Share, By Subsea Processing Technology, By Value, 2014-2024F
Figure 14: North America Subsea Systems Market Share, By Country, By Value, 2014-2024F
Figure 15: North America Subsea Systems Market Attractiveness Index, By Country, By Value, 2014-2024F
Figure 16: United States Subsea Systems Market Size, By Value, 2014-2024F (USD Million)
Figure 17: United States Subsea Systems Market Share, By Type, By Value, 2014-2024F
Figure 18: United States Subsea Systems Market Share, By Subsea Production Component, By Value, 2014-2024F
Figure 20: Mexico Subsea Systems Market Size, By Value, 2014-2024F (USD Million)
Figure 21: Mexico Subsea Systems Market Share, By Type, By Value, 2014-2024F
Figure 22: Mexico Subsea Systems Market Share, By Subsea Production Component, By Value, 2014-2024F
Figure 23: Canada Subsea Systems Market Size, By Value, 2014-2024F (USD Million)
Figure 24: Canada Subsea Systems Market Share, By Type, By Value, 2014-2024F
Figure 25: Canada Subsea Systems Market Share, By Subsea Production Component, By Value, 2014-2024F
Figure 26: Middle East & Africa Subsea Systems Market Size, By Value, 2014-2024F (USD Million)
Figure 27: Middle East & Africa Subsea Systems Market Share, By Type, By Value, 2014-2024F
Figure 28: Middle East & Africa Subsea Systems Market Share, By Subsea Production Component, By Value, 2014-2024F
Figure 29: Middle East & Africa Subsea Systems Market Share, By Subsea Processing Technology, By Value, 2014-2024F
Figure 30: Middle East & Africa Subsea Systems Market Share, By Country, By Value, 2014-2024F
Figure 31: Middle East & Africa Subsea Systems Market Attractiveness Index, By Country, By Value, 2014-2024F
Figure 32: Saudi Arabia Subsea Systems Market Size, By Value (USD Million), 2014-2024F
Figure 33: Saudi Arabia Subsea Systems Market Share, By Type, By Value, 2014-2024F
Figure 34: Saudi Arabia Subsea Systems Market Share, By Subsea Production Component, By Value, 2014-2024F
Figure 35: UAE Subsea Systems Market Size, By Value, 2014-2024F (USD Million)
Figure 36: UAE Subsea Systems Market Share, By Type, By Value, 2014-2024F
Figure 37: UAE Subsea Systems Market Share, By Subsea Production Component, By Value, 2014-2024F
Figure 38: Iran Subsea Systems Market Size, By Value, 2014-2024F (USD Million)
Figure 39: Iran Subsea Systems Market Share, By Type, By Value, 2014-2024F
Figure 40: Iran Subsea Systems Market Share, By Subsea Production Component, By Value, 2014-2024F
Figure 41: Nigeria Subsea Systems Market Size, By Value, 2014-2024F (USD Million)
Figure 42: Nigeria Subsea Systems Market Share, By Type, By Value, 2014-2024F
Figure 43: Nigeria Subsea Systems Market Share, By Subsea Production Component, By Value, 2014-2024F
Figure 44: Asia-Pacific Subsea Systems Market Size, By Value, 2014-2024F (USD Million)
Figure 45: Asia-Pacific Subsea Systems Market Share, By Type, By Value, 2014-2024F
Figure 46: Asia-Pacific Subsea Systems Market Share, By Subsea Production Component, By Value, 2014-2024F
Figure 47: Asia-Pacific Subsea Systems Market Share, By Subsea Processing Technology, By Value, 2014-2024F
Figure 48: Asia-Pacific Subsea Systems Market Share, By Country, By Value, 2014-2024F
Figure 49: Asia Pacific Subsea Systems Market Attractiveness Index, By Country, By Value, 2014-2024F
Figure 50: China Subsea Systems Market Size, By Value, 2014-2024F (USD Million)
Figure 51: China Subsea Systems Market Share, By Type, By Value, 2014-2024F
Figure 52: China Subsea Systems Market Share, By Subsea Production Component, By Value, 2014-2024F
Figure 53: Thailand Subsea Systems Market Size, By Value, 2014-2024F (USD Million)
Figure 54: Thailand Subsea Systems Market Share, By Type, By Value, 2014-2024F
Figure 55: Thailand Subsea Systems Market Share, By Subsea Production Component, By Value, 2014-2024F
Figure 56: India Subsea Systems Market Size, By Value, 2014-2024F (USD Million)
Figure 57: India Subsea Systems Market Share, By Type, By Value, 2014-2024F
Figure 58: India Subsea Systems Market Share, By Subsea Production Component, By Value, 2014-2024F
Figure 59: Indonesia Subsea Systems Market Size, By Value, 2014-2024F (USD Million)
Figure 60: Indonesia Subsea Systems Market Share, By Type, By Value, 2014-2024F
Figure 61: Indonesia Subsea Systems Market Share, By Subsea Production Component, By Value, 2014-2024F
Figure 62: Malaysia Subsea Systems Market Size, By Value, 2014-2024F (USD Million)
Figure 63: Malaysia Subsea Systems Market Share, By Type, By Value, 2014-2024F
Figure 64: Malaysia Subsea Systems Market Share, By Subsea Production Component, By Value, 2014-2024F
Figure 65: Europe Subsea Systems Market Size, By Value, 2014-2024F (USD Million)
Figure 66: Europe Subsea Systems Market Share, By Type, By Value, 2014-2024F
Figure 67: Europe Subsea Systems Market Share, By Subsea Production Component, By Value, 2014-2024F
Figure 68: Europe Subsea Systems Market Share, By Subsea Processing Technology, By Value, 2014-2024F
Figure 69: Europe Subsea Systems Market Share, By Country, By Value, 2014-2024F
Figure 70: Europe Subsea Systems Market Attractiveness Index, By Country, By Value, 2014-2024F
Figure 71: Russia Subsea Systems Market Size, By Value, 2014-2024F (USD Million)
Figure 72: Russia Subsea Systems Market Share, By Type, By Value, 2014-2024F
Figure 73: Russia Subsea Systems Market Share, By Subsea Production Component, By Value, 2014-2024F
Figure 74: Norway Subsea Systems Market Size, By Value, 2014-2024F (USD Million)
Figure 75: Norway Subsea Systems Market Share, By Type, By Value, 2014-2024F
Figure 76: Norway Subsea Systems Market Share, By Subsea Production Component, By Value, 2014-2024F
Figure 77: United Kingdom Subsea Systems Market Size, By Value, 2014-2024F (USD Million)
Figure 78: United Kingdom Subsea Systems Market Share, By Type, By Value, 2014-2024F
Figure 79: United Kingdom Subsea Systems Market Share, By Subsea Production Component, By Value, 2014-2024F
Figure 80: Denmark Subsea Systems Market Size, By Value, 2014-2024F (USD Million)
Figure 81: Denmark Subsea Systems Market Share, By Type, By Value, 2014-2024F
Figure 82: Denmark Subsea Systems Market Share, By Subsea Production Component, By Value, 2014-2024F
Figure 83: Germany Subsea Systems Market Size, By Value, 2014-2024F (USD Million)
Figure 84: Germany Subsea Systems Market Share, By Type, By Value, 2014-2024F
Figure 85: Germany Subsea Systems Market Share, By Subsea Production Component, By Value, 2014-2024F
Figure 86: South America Subsea Systems Market Size, By Value, 2014-2024F (USD Million)
Figure 87: South America Subsea Systems Market Share, By Type, By Value, 2014-2024F
Figure 88: South America Subsea Systems Market Share, By Subsea Production Component, By Value, 2014-2024F
Figure 89: South America Subsea Systems Market Share, By Subsea Processing Technology, By Value, 2014-2024F
Figure 90: South America Subsea Systems Market Share, By Country, By Value, 2014-2024F
Figure 91: South America Subsea Systems Market Attractiveness Index, By Country, By Value, 2014-2024F
Figure 92: Brazil Subsea Systems Market Size, By Value, 2014-2024F (USD Million)
Figure 93: Brazil Subsea Systems Market Share, By Type, By Value, 2014-2024F
Figure 94: Brazil Subsea Systems Market Share, By Subsea Production Component, By Value, 2014-2024F
Figure 95: Argentina Subsea Systems Market Size, By Value, 2014-2024F (USD Million)
Figure 96: Argentina Subsea Systems Market Share, By Type, By Value, 2014-2024F
Figure 97: Argentina Subsea Systems Market Share, By Subsea Production Component, By Value, 2014-2024F
Figure 98: Colombia Subsea Systems Market Size, By Value, 2014-2024F (USD Million)
Figure 99: Colombia Subsea Systems Market Share, By Type, By Value, 2014-2024F
Figure 100: Colombia Subsea Systems Market Share, By Subsea Production Component, By Value, 2014-2024F

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