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(IndustryNews247.Com, October 18, 2017 ) According to Publisher, the Global Subsea Production and Processing System market is expected to grow from $16.76 billion in 2015 to reach $26.69 billion by 2022 with a CAGR of 6.9%. Growing new oil discoveries as well growing number of offshore drilling activities in subsea areas of emerging economies is influencing the market growth. In addition, raising emphasis on deep water drilling, and huge hydrocarbon reserves are propelling the market growth, over the forecast period. On the other hand, instability in crude oil and gas prices brought together with political, technological and operational risks are anticipated to hinder the market.
Europe commands the markets in terms of market size, during the forecast period. Asia Pacific is expected to witness high growth rate during the forecast period. It is attributed to improved exploration activity into deep water areas and smooth government regulations towards offshore exploration. By subsea production technologies, the subsea umbilicals risers flowlines (SURF) segment leads the market globally with the biggest market share and is expected to grow with a high CAGR during the forecast period.
For more information http://www.reportsweb.com/subsea-production-and-processing-system-global-market-outlook-2016-2022
Some of the key players in global subsea production and processing system market include ABB Ltd., Aker Solutions, Dril-Quip Inc., FMC Technologies, GE Oil & Gas, Kongsberg, National Oilwell Varco, Nexans SA, Oceaneering International, Inc., Onesubsea, Parker Hannifin Corporation, Siemens AG, Technip, Twister BV, and Vallourec.
Subsea Processing Technologies Covered: - Subsea Boosting System - Subsea Compression System - Subsea Injection System - Subsea Separation System
Subsea Production Technologies Covered: - Subsea Control Systems - Subsea Manifolds - Subsea Trees - Subsea Umbilicals Risers Flowlines (SURF)
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9 Company Profiling 9.1 ABB Ltd. 9.2 Aker Solutions 9.3 Dril-Quip Inc. 9.4 FMC Technologies 9.5 GE Oil & Gas 9.6 Kongsberg 9.7 National Oilwell Varco 9.8 Nexans SA 9.9 Oceaneering International, Inc. 9.10 Onesubsea 9.11 Parker Hannifin Corporation 9.12 Siemens AG 9.13 Technip 9.14 Twister BV 9.15 Vallourec
9 Company Profiling 9.1 Asahi Intecc Company Limited 9.2 Boston Scientific Corporation 9.3 Covidien AG 9.4 Lake Region manufacturing Inc. 9.5 LuMend Corporation 9.6 Merit Medical Systems Inc. 9.7 Micro Therapeutics Inc. 9.8 Terumo Europe N.V. 9.9 Volcano Corporation
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Source: EmailWire.Com
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