The
report, available for sale on the company’s website, gives an
in-depth insight of the market trends leading the global subsea
manifolds market. It documents the key market drivers, restraints,
growth opportunities, and threats.
Browse
Subsea Manifolds Market Report with Full TOC at
http://www.transparencymarketresearch.com/subsea-manifolds-market.html
According
to the research report, the global subsea manifolds market was valued
at US$2.5 bn in 2013 and is expected to reach a figure of US$3.7 bn
by the end of 2020, growing at a whopping CAGR of 5.6% from 2014 to
2020. The report also indicates the pattern in which the global
subsea manifolds market is going to impact the global economy as
well.Several international oil and gas companies are looking at
developing offshore hydrocarbon reserves, which is driving the market
for subsea technologies. These technologies are being crafted in
order to combat the difficult operating conditions in deep waters and
to bring about flexibility in design to suit the soil properties in
respective areas. In recent years, oil and gas exploration companies
have preferred installing subsea technologies in offshore fields with
heavy oils and low reservoir pressures to achieve a better production
rate. These subsea manifold systems enable direct flow from subsea
wells to other multiple flowline headers for further production. This
equipment is crucial for subsea production systems, as they play a
major role in adapting to the changing operating conditions.
The
global subsea manifolds market has been segmented on the basis of
applications and regions. The applications of subsea manifolds are
seen in injection manifolds and production manifolds. In recent
times, the injections manifolds segment has witnessed big investments
as several international exploration companies are trying to enhance
their oil recovery techniques. Production manifolds are used when
subsea fields are developed in a manner where the produced fluids are
to be transferred into flowlines.
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In
terms of regions, the global subsea market has been segmented into
the Middle East, Latin America, North America, Africa, and Asia
Pacific. According to research analysts, Europe is the biggest market
for subsea manifolds, due to the pressure of adhering to template
structures to keep subsea instruments intact. The other factors
contributing to the growth of the subsea manifolds market in Europe
are the huge gas reserves in the North Sea and the strict
environmental guidelines that dictate development of offshore
reserves.
The
key players in the global subsea manifolds market are Aker Solutions
ASA, OneSubsea, FMC Technologies, Inc., Dril-Quip Inc., Subsea 7
S.A., Baker Hughes Incorporated, and General Electric. The report
provides an overview of these companies, followed by their financial
details, business strategies, and recent developments. The research
report profiles these companies to present their financial outlook,
business strategies, recent developments, and investment plans.
Subsea
Manifolds Market: Application Analysis
- Production Manifolds
- Injection Manifolds
Subsea
Manifolds Market: Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Browse
TMR Blog Energy Reports :
http://www.tmrblog.com/search/label/Energy
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