The global subsea manifolds market is examined in
detail in a recent market research report published by Transparency
Market Research. The report states that the market will expand at a
moderate 5.6% CAGR between 2014 and 2020. As a result, the market
will rise from a valuation of US$2.5 bn in 2013 to US$3.7 bn by
2020.The report is titled “Subsea Manifolds Market - Global
Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 -
2020”. It presents an in-depth analysis of the key elements of the
market and the impact of the critical factors driving the market,
restraining its growth, and major trends on market’s overall
development.
This 81 page report gives readers a
comprehensive overview of the Subsea Manifolds market. Browse Market
Research Report @
echnological advancements in the field of subsea
technologies and the rising shift of major oil and gas producers from
the rapidly depleting conventional onshore reserves to complex subsea
reserves are major factors driving the global market for subsea
manifolds. The ability of subsea manifolds to easily adapt to varying
operational conditions is also a major factor driving the increased
adoption of subsea manifolds across the globe. However, the factor of
volatile crude oils prices is expected to hamper the overall growth
of the market to a certain extent.
Nevertheless, the mounting demand for oil and gas
and many related products is expected to open numerous growth avenues
for the global subsea manifolds market over the report’s forecast
period.The rising interest of a number of international oil and gas
companies in developing offshore sites has provided a significant
boost to the markets for numerous subsea technologies. Companies are
increasingly exploring ways to develop subsea technologies that can
suit better to the difficult working conditions commonly observed in
deep-water oil exploration activities. The fact that a significant
reduction in the overall capital expenditure incurred for an
exploration activity can be achieved by installing subsea manifolds
is also working in favor of the global subsea manifolds market.
The report segments the global subsea manifolds
market on the basis of two criteria: application and geography. On
the basis of application, the market has been segmented into
production manifolds and injection manifolds. In the past few years,
the segment of injection manifolds has witnessed increasing
investments from international vendors.
On the basis of geography, the report segments the
market into North America, Asia Pacific, Middle East and Africa,
Latin America, and Europe. Of these, Europe led the global subsea
manifolds market in 2013, majorly owing to the pressure of abiding by
a template structure for keeping subsea instruments intact.
Get accurate market forecast and analysis on
the Subsea Manifolds market. Request a sample to stay abreast on the
key trends impacting this market@
The report also presents a detailed overview of
the competitive landscape of the global subsea manifolds market with
the help of business profiles of some of the key companies operating
in the market, market attractive analysis, and recent developments.
Some of the key companies in the market, profiled in the report, are
Dril-Quip Inc., Aker Solutions ASA, Baker Hughes Incorporated, FMC
Technologies, Inc., General Electric, Subsea 7 S.A., and OneSubsea.
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