Press release
Centrifugal Subsea Pumps Market Booming Segments; Investors Seeking Growth - Aker Solutions, Framo, General Electric, Flowserve, Sulzer and FMC Technologies
Centrifugal Subsea Pumps Market
Centrifugal subsea pumps work by conversion of rotational kinetic energy to the hydrodynamic energy of the fluid flow. The centrifugal subsea pump has two types, single phase pumps and a multiphase pump. Subsea single and multiphase pumps are commonly used in mature offshore fields to boost recovery rates by reducing reservoir backpressure and thereby boosting flow rates and total recoverable reserves. Centrifugal Subsea pumps are vertically constructed, with an oil-filled engine at the top and the pump component at the bottom.
Furthermore, the pump and motor are fully contained in a pressure enclosure designed for subsea installation and capable of holding the motor at depths of up to 3,000 meters and pressures of up to 15,000 psi. Furthermore, centrifugal subsea pumps have taken into account the demand for significant oil production off the coast.
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Increase in exploration across subsea oil and gas exploration sites is the key driving factor for the market growth. Additionally, the depletion of shallow and onshore oil and gas reserves forces companies to focus more on deep sea deposits, boosting market growth. Moreover, rapid continuous recovery of oil and gas reserves beneath the water's surface, as well as related lengthier tiebacks and subsea pumping systems, are likely to improve offshore reserves. However, presence of stringent government regulations and environmental issues are expected to restrain market growth.
Top Dominating Key Players:
1. Aker Solutions
2. Framo
3. Baker Hughes Company
4. Leistritz Pumpen GmbH
5. Schlumberger Limited
6. General Electric
7. Flowserve Corporation
8. Sulzer
9. FMC Technologies
10. ITT Bornemann GmbH
Market Segmentation :
The global Centrifugal subsea pumps market is segmented as, product type and application. Based on product type the market is segmented as, single phase pump and multi-phase pumps. Based on application the market is segmented as, oil and gas, water treatment and chemical process.
Key Benefits:
To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Centrifugal Subsea Pumps Market.
To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa).
The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Centrifugal Subsea Pumps Market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Centrifugal Subsea Pumps Market segments and regions.
Scope of the study:
The research on the Centrifugal Subsea Pumps Market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the Centrifugal Subsea Pumps Market on the basis of end user, product type, application, and demography for the forecast period 2020 - 2028. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.
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Reasons to Buy the Report:
Learn about the driving factors, affecting the market growth.
Imbibe the advancements and progress in the market during the forecast period.
Understand where the market opportunities lies.
Compare and evaluate various options affecting the market.
Pick up on the leading market players within the market.
Envision the restrictions and restrains that are likely to hamper the market.
Contact Us:
The Insight partners,
Phone: +1-646-491-9876
Email: sales@theinsightpartners.com
Website: www.theinsightpartners.com
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
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