The report "Subsea Pumps Market By Type (Helico-Axial, ESP, Centrifugal, Twin-Screw, Hybrid, Counter-Axial), By Application (Subsea Boosting, Subsea Injection, Subsea Separation, Subsea Gas Compression), & By Geography - Global Trends & Forecast to 2018 " ,defines and segments the subsea pumps market with the analysis and forecast of the global revenue.
Browse 62 market data tables and 33 figures spread through 171 pages and in-depth TOC on "Subsea Pumps Market By Type (Helico-Axial, ESP, Centrifugal, Twin-Screw, Hybrid, Counter-Axial), By Application (Subsea Boosting, Subsea Injection, Subsea Separation, Subsea Gas Compression), & By Geography - Global Trends & Forecast to 2018 "
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The subsea pumps market is valued at $996.1 million in 2013 and is forecasted to grow at a CAGR of 16% from 2013 to 2018 to reach $2,092.1 million by 2018. The latest exploration and highly advanced technology required in Latin America and European regions is expected to experience the highest revenue growth during the next 5 years. Europe & the U.S. have the highest CAGR of about 32.4% & 7.8%, respectively, from 2013 to 2018.
The subsea pumps market is likely to grow reasonably in the coming years. The long-term drivers of the subsea pumps market are well known. The relentless depletion of onshore and shallow-water fields has compelled oil companies to focus on deep-water areas where a combination of floating and subsea systems is used to extract hydrocarbons. In recent years, this trend has been reinforced by operators who favor technological risks over political risks, with oil companies preferring to leverage their technological capabilities in deeper waters rather than engage in places such as Iran and Venezuela that have an unpredictable business environment for investors.
This report breaks the market into smaller product segments. In order to provide a deeper understanding of the competitive landscape, the report profiles 10 companies in the subsea pumps market.
For this report, the major players in the subsea pumps market are identified through secondary and primary research, based on which, their market shares are evaluated. This includes a study of the annual reports of top market players and interviews with key opinion leaders such as CEOs, Directors, and marketing people.
The size of the overall market is determined by forecasting techniques based on the demands in different regions, which is validated through primary sources. The market value for various types of subsea pumps are determined and evaluated using primary and secondary research. The market data is available from 2011 to 2018 with the CAGR from 2013 to 2018.
This subsea pumps market report analyzes various marketing trends and establishes the most effective growth strategies. It identifies various industry dynamics such as drivers, opportunities, burning issues, and winning imperatives. Major companies such Aker Solutions (Norway), GE Oil and Oas (U.S.), Flow Serve (U.S.), FMC Technologies Inc. (U.S.), and Baker Hughes (U.S.), have also been profiled in this report.
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