Authored By: Sarah
17 Sep 2021

Subsea Production Systems Market: Leading Regions and Market Trends

Geographical Analysis and Market Highlights 2021-2025

The subsea production systems market is set to grow by $ 967.58 mn, accelerating at a CAGR of almost 2.96% during the forecast period. This research report analyses the growth trajectory of the market with a purview to prevalent market scenario, trends, and drivers. It also provides competitive bench-marking of the key market players and their product portfolios.


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Subsea Production Systems Market: Europe to lead market growth during the forecast period

  • 29% of the market growth will originate from Europe during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Subsea Production Systems Market size.
  • One of the key drivers that is likely to drive market growth is the rising deep and ultra-deepwater drilling projects. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market.  These insights will equip clients with all the information they need to plan COVID-19 recovery and growth strategies.
  • The report segments the market by Geography (Europe, APAC, North America, MEA, and South America). A detailed analysis of each segment and its contribution to the market share is provided along with factors that are likely to boost the market growth.

Subsea Production Systems Market to Post Incremental Growth of $ 967.58 mn During 2021-2025 | Key Geographies that will Drive Growth

Subsea Production Systems Market: Competitive Landscape

Some of the leading vendors in this market are Aker Solutions ASA, Dril-Quip Inc., General Electric Co., Halliburton Co., Nexans SA, NOV Inc., Prysmian Spa, Schlumberger Ltd., Siemens AG, and TechnipFMC Plc. The market is fragmented and the growth of the players in this market is dependent on several factors such as prevalent market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.

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The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of almost 2.96%.
     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 967.58 mn through 2021-2025.
     
  3. What is a key factor driving this market?
    Rising deep and ultra-deepwater drilling projects will drive market growth over the forecast period.
     
  4. What are the key regions covered in this market research report?
    Europe, APAC, North America, MEA, and South America are the key regions featured in this research report.
     
  5. Which is the leading geographic region for this market:
    29% growth will originate from Europe
     
  6. Who are the leading market vendors?
    The leading vendors in this market are Aker Solutions ASA, Dril-Quip Inc., General Electric Co., Halliburton Co., Nexans SA, NOV Inc., Prysmian Spa, Schlumberger Ltd., Siemens AG, and TechnipFMC Plc
     
  7. What are the market segments covered in this report?
    The market is segmented by Geography (Europe, APAC, North America, MEA, and South America).

Market Segmentation by Geography

    • Subsea Production Systems Market Split by Geography
      • Europe
      • APAC
      • North America
      • MEA
      • South America

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Competitive scenario
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Aker Solutions ASA
  • Dril-Quip Inc.
  • General Electric Co.
  • Halliburton Co.
  • Nexans SA
  • NOV Inc.
  • Prysmian Spa
  • Schlumberger Ltd.
  • Siemens AG
  • TechnipFMC Plc

Subsea Production Systems Market Size to Grow by $ 1.00 bn During 2020-2024

Technavio has been monitoring the subsea production systems market and it is expected to grow by $ 1.00 bn, accelerating at a CAGR of almost 3% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking


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Subsea Production Systems Market: Europe to lead market growth during the forecast period

  • 29% of the market growth will originate from Europe during the forecast period.
  • Different reservoir characteristics will be a key trend that will influence market growth significantly.
  • The Rising deep and ultra-deepwater drilling projects will be a significant factor in driving the growth of the subsea production systems market.

Subsea Production Systems Market to Post Incremental Growth of $ 967.58 mn During 2021-2025 | Key Geographies that will Drive Growth

Subsea Production Systems Market: Key Competitors

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Aker Solutions ASA, Dril-Quip Inc., General Electric Co., Halliburton Co., National Oilwell Varco Inc., Nexans SA, Prysmian Spa, Schlumberger Ltd., Siemens AG, and TechnipFMC Plc are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

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Subsea Production Systems Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive subsea production systems market growth during the next five years
  • Precise estimation of the subsea production systems market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the subsea production systems market industry across Europe, APAC, North America, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of subsea production systems market vendors
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