Global Subsea Manifold Market Research Report 2019 By Key Players like ABB, Aker Solutions ASA, Baker Hughes Incorporated, TechnipFMC Technologies, Schlumberger, Halliburton, Siemens AG, and Drill Quip.

As per the study conducted by Market Research Future, the global market for subsea manifold is likely to grow at the CAGR of around 4.85%. A subsea manifold is an equipment that is designed to increase oil recovery from deep water reservoirs. They increase the life of the existing oil fields and also help in reducing the capital and operating cost of the oil production facilities. Subsea manifolds are increasingly used in these areas to enhance the hydrocarbon production level.

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These manifolds can be employed in harshest of environmental conditions and can be heavily customized based on soil and operational environments. In recent years major hydrocarbon discoveries are made in the deep water basins around the world. Subsea manifolds are proving to be the main choice of oil extraction from these areas rather than conventional production technologies. For optimising the oil production operations, subsea manifolds are preferred by oil and gas companies to be operated in harshest environmental conditions and can enable direct flow of hydrocarbons from subsea production systems to production flow line headers.

Key Players

The key players of global subsea manifold markets are ABB (Switzerland), Aker Solutions ASA (Norway), Baker Hughes Incorporated (U.S), TechnipFMC Technologies Inc. (U.S.), General Electric (U.S.), and ITT Bornemann GmbH (Germany). One Subsea (U.S.), Subsea 7 S.A. (U.K.), Schlumberger (U.S.), Halliburton (U.S.), Siemens AG (Germany), and Drill Quip (U.S.) are among others.

Segmental Analysis

Global Subsea Manifolds market has been segmented on the basis of products, application and regions.

Based on the products, the market is further classified as template manifold, cluster manifold, and pipeline end manifold. Among this classification, cluster manifold segment is expected to dominate the market for subsea manifolds.

On the basis of application, the market is segmented as production and injection. Among these segments the injection application can additionally be categorized as gas injection, water injection and chemical injection.

Geography-wise, the market is segmented into the four regions of North America, Asia Pacific, Europe and Rest of world.

Industry News

In October, 2016 – Aker Solutions secured two contracts worth at least NOK 900 million from DEA Norge to deliver the subsea production system, maintenance and services at the Dvalin natural gas development offshore Norway.

In April, 2017 – Aibel has secured a contract from TechnipFMC to supply a subsea manifold and structure for an integrated foundation for Oda field in the Norwegian North Sea.

In September, 2017 – Baker Hughes, a GE company (NYSE: BHGE) announced a major subsea contract from Petrobel for phase two of the “supergiant” Zohr Gas Field situated in the Mediterranean Sea, off the Egyptian coast. The project underscores the company’s position as the world’s first and only integrated fullstream provider of cutting-edge subsea technology, products, services and digital solutions.

In December, 2017 – Aker Solutions won orders from Aker BP for the Skogul and Valhall Flank West oil fields offshore Norway. The company will deliver two subsea manifolds, a controls system and umbilicals for Skogul, which will be tied back to the North Sea Alvheim field. It will also provide umbilicals and detailed engineering of the topside for a normally unmanned installation (NUI) for Valhall Flank West, which will be tied back to the Valhall field center.

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List Of Figures

Figure 1 Research Process Of MRFR

Figure 2 Top Down & Bottom Up Approach

Figure 3 Market Dynamics

Figure 4 Impact Analysis: Market Drivers

Figure 5 Impact Analysis: Market Restraints

Figure 6 Porter’s Five Forces Analysis

Figure 7 Value Chain Analysis

Figure 8 Global Subsea Manifold Market share, By Product, 2016 (%)

Figure 9 Global Subsea Manifold Market, By Product, 2015-2023 (USD Million)

Figure 10 Global Subsea Manifold Market share, By Equipment, 2016 (%)

Figure 9 Global Subsea Manifold Market, By Equipment, 2015-2023 (USD Million)

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