Press release
Global Subsea Production Systems Market: Industry Size, Share, Growth, Forecasts 2018-2022
The oil and gas sector has extended its reach from land-based drilling to the offshore segment to tap the richness of the earth covered by water. The environmental conditions in the offshore sector are challenging as they vary greatly from the onshore sector. There were two major developments witnessed as drillers approached oceans for producing crude oil and natural gas.
Technavios analysts forecast the global subsea production systems market to grow at a CAGR of 3.21% during the period 2018-2022.
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Covered in this report
The report covers the present scenario and the growth prospects of the global subsea production systems market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Subsea Production Systems Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
Aker Solutions
GENERAL ELECTRIC
National Oilwell Varco
Schlumberger
TechnipFMC
Other prominent vendors
Dril-Quip
Halliburton
Hunting
Nexans
Parker Hannifin
Prysmian Group
Siemens
SUBSEA 7
Trendsetter
Market driver
Increase in global rig count
For a full, detailed list, view our report
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Market trend
ERD technology
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2022 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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