Technavio’s report on “Subsea Production Systems Market by Equipment Type and Geography – Forecast and Analysis 2020-2024” reveals that the market has the potential to reach USD 1.00 billion, progressing at a CAGR of almost 3%.
Leading Regional Analysis of Subsea Production Systems Market 2020-2024:
Technavio identifies APAC as the second-highest country, where the subsea production systems market will have the potential to reach USD 1.85 billion by 2024. Factors such as increasing energy demands from India, China, Japan, South Korea, and Indonesia and several offshore projects will increase the demand for the subsea production systems market in APAC during the forecast period.
North America will be the third-highest country, where the subsea production systems market will have the potential to reach USD 1.50 billion by 2024. Factors such as the increase in offshore oil and gas investments and subsea oil and gas projects are likely to drive the subsea production systems market in North America during the forecast period.
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Subsea Production Systems Market in the Oil & Gas Equipment & Services Industry during 2020-2024: Vendor Analysis and Scope
To help businesses improve their market position, the subsea production systems market report provide a detailed analysis of around 25 vendors operating in the market. Some of these vendors include Aker Solutions ASA, Dril-Quip Inc., General Electric Co., Halliburton Co., National Oilwell Varco Inc., Nexans SA, Prysmian Spa, Schlumberger Ltd., Siemens AG, and TechnipFMC Plc.
The report also covers the following areas:
- Subsea Production Systems Market Size
- Subsea Production Systems Market Trends
- Subsea Production Systems Market Analysis
Key Topics Covered
- Executive Summary
- Market Landscape
- Market Sizing
- Five Forces Analysis
- Market Segmentation by Equipment type
- Market Segmentation by Geography
- Customer landscape
- Geographic Landscape
- Vendor Landscape
- Vendor Analysis
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Global Subsea Manifolds Market– The subsea manifolds market is segmented by application (production and injection) and geography (Europe, APAC, North America, MEA, and South America).
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Global Offshore Drilling Market– The offshore drilling market is segmented by application (shallow water, deepwater, and ultra-deepwater) and geography (North America, APAC, Europe, MEA, and South America).
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