Transparency Market
Research (TMR) presents a market study on the global subsea
electric power distribution market to analyze developments in
this market for the 2015-2023 period. The report is titled “Subsea
Electric Power Distribution Market - Global Industry Analysis, Size,
Share, Trends, Growth and Forecast 2015 – 2023” and is
available for sale on the company website. The report provides
answers for the many questions that are in purview of electrical
power distribution for subsea technologies. The market’s
performance in North America, Europe, Latin America, Asia Pacific,
and the Middle East and Africa is analyzed in the report.
Subsea electrical
power distribution offers myriad advantages. First and foremost, in
this distribution system, one single power cable enables supply to
all electrical loads. On the contrary, regular electrical power
distribution systems that currently exist require one dedicated cable
for each load, such as a pump or a compressor.
Subsea systems are
significantly important for the exploration of deepwater oil and gas
reserves, which was not possible otherwise. However, the high cost of
cabling limits the use of subsea technologies, which can be minimized
by subsea power distribution. Utilizing subsea technologies, cost
reduction is dependent on the distance of the load and the voltage at
which power is required at this load.
The other advantage
of subsea power distribution lies in the ease of electrical power
transmission over long distances. As such, this is utilizable for the
development of remote fields located far off from offshore
infrastructure.
Subsea electric
power distribution is advantageous for its power handling
capabilities. Using this system, high-voltage electrical power can be
transmitted. The distribution system is also close to the end
consumer, which is directly advantageous for reduction in power
losses and space requirements.
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In the future,
increased investments in subsea production technologies will result
in higher yield from deepwater oil and gas reservoirs. This will be
facilitated with subsea electric power distribution systems to mark
the end of several large offshore edifices.
Subsea technologies
and their ancillary processes have been exceptionally useful for
certain locations. For example, in oil exploration in ultra-deep
waters in the Arctic region, subsea systems have minimized
environmental risks without impacting yield. Lately, Brazil has
exhibited significant interest in deepwater and ultra-deep water
explorations to be undertaken. These initiatives will lead to the
discovery of new reserves significantly larger than the recently
discovered onshore reserves. Companies operating in Brazil, China,
and the Norwegian continental shelf are major players influential for
the global subsea electric power distribution systems market.
About
Us
Transparency
Market Research (TMR) is a global market intelligence company
providing business information reports and services. The company’s
exclusive blend of quantitative forecasting and trend analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of analysts, researchers, and consultants
use proprietary data sources and various tools and techniques to
gather and analyze information.
TMR’s
data repository is continuously updated and revised by a team of
research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
Contact
Mr.
Sudip S.
90
Sate Street, Suite 700
Albany,
NY 12207
Tel:
+1-518-618-1030
USA
- Canada Toll Free: 866-552-3453
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