Showing posts with label Subsea Electric Power Distribution Research. Show all posts
Showing posts with label Subsea Electric Power Distribution Research. Show all posts

Monday, 8 February 2016

Subsea Electric Power Distribution Market Benefits from Deepwater Oil Reserve Explorations


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.


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.

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Tuesday, 29 September 2015

Subsea Electric Power Distribution Market Growth and Forecast 2015 - 2023

Electric power distribution facilities in subsea locations are very different than those observed in offshore facilities or locations situated on land. Subsea locations are point to point electrical distribution systems and have a very limited set of routing alternatives. It is for the highly innovative, technically complex, and advanced power distribution systems made for subsea locations that the capabilities of some deep water oil and gas reserves are fully exploited.

Browse Subsea Electric Power Distribution Market Report with Full TOC at http://www.transparencymarketresearch.com/subsea-electric-power-distribution-market.html

Global subsea electrical power distribution systems market enable the proper supply of all electrical loads to subsea drilling, exploration, and other activities, using one single power cable. The typical elements of a subsea electric power distribution system include installation equipment, transformers, and subsea frequency convertors. For ensuring reliability, the equipment is usually kept enclosed in a liquid filled tank.

Existing Subsea Electric Power Distribution Systems
The electric power distribution solutions for subsea locations currently available in the market require the use of one cable dedicated to each pump or compressor (electricity consumer). As such, a major portion of costs incurred in deploying a subsea electric power distribution system is formed by the cost of cables used. Thus, cables represent an important segment that exhibits impressive opportunities for reducing the overall cost of any subsea electric power distribution system.

Subsea electrical power distribution systems enable the effective transmission, distribution, and control of electric power as per the subsea situations. The need for high voltage power supply in the megawatt range and availability of distribution system closer to the end-user system are facilitated by specially designed subsea power distribution systems. The use of lesser number of on-load and start-up motors in subsea power distribution systems lead to reduction in the several problems caused by resonance and harmonics.


Maturing Onshore Oil and Gas Reserves to Boost Subsea Exploration Activities

Across the globe, a rising number of onshore oil and gas reserves are nearing maturity and some have already matured. On the other hand, the ever increasing demand for oil and gas products from the global population, which again is rising at an extreme pace, presents the dire need to look for newer oil and gas reserves. Hence, leading oil and gas industries have focused their attention at potential deep seawater or subsea oil and gas reserves.

In the next few years, subsea exploration activities are projected to increase at a swift pace across the globe. With the expansion of subsea oil and gas exploration market in the future, subsidiary markets such as subsea boosting systems and subsea electrical power distribution system will also embark upon a good growth path.

Rising Demand in Latin America Presents Huge Growth Opportunities

The market is observing increased attention and adoption from the subsea oil and gas production regions of Africa, Middle East, and Latin America. The rising investment in the field of subsea exploration and production in these regions is expected to create significant growth opportunities for the global market for subsea electrical power distribution systems in the coming years. Latin America especially represents one of the most lucrative regions for the global subsea exploration and production market and for its supplementary markets.

Browse TMR Blog Energy Reports : http://www.tmrblog.com/search/label/Energy

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends 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.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact
Mr.Nachiket
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453