Global Subsea Pump System Market Size study & Forecast, by Deployment (Shallow water, Deepwater), by Application (Boosting, Separation, Injection, Others) and Regional Analysis, 2023-2030

Description

List of Tables

A subsea pump system is a set of equipment and components designed to pump fluids, such as oil or gas, from beneath the seabed in offshore oil and gas production. It is used in subsea production systems to enhance the flow of hydrocarbons from the reservoir to the surface facilities. The main component of the system, the subsea pump, is installed on the seabed close to the wellhead. It is responsible for increasing the pressure of the fluid and facilitating its flow to the surface. The key factors such as rising exploration across subsea oil & gas exploration sites and increasing deep-water activities, longer tiebacks, and recoverable reserves are anticipated to support the market growth during the forecast period.

Moreover, rising oil and gas production drives the demand for subsea pump systems. due to offshore exploration and production activities, the need for deepwater and ultra-deepwater projects, the adoption of enhanced oil recovery techniques, and technological advancements in the industry. According to the IOGP's new Global Production Report, oil consumption was 30% higher in 2018 than it was in 2000, while natural gas demand rose by 60% during the same period. Also, according to the International Energy Agency's (IEA) publication "Oil 2020- Analysis," global oil production capacity is expected to exceed 5.9 million barrels per day by 2025. Additionally, rising technological advancement in subsea pump systems and new offshore discoveries are anticipated to create lucrative opportunities for the market during the forecast period. However, the stringent government regulatory norms and operational and environmental concerns stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Subsea Pump System Market study include: Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the presence of key market players, growing North American deepwater oil and gas production is a major factor driving the market for subsea pumps to expand significantly. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as increasing dependence on oil and gas imports due to increased energy demand, which is fueled by fast economic growth. Due to this dependency, nations have adopted a multifaceted strategy for ensuring energy security. Increasing domestic oil and gas production through the expansion of offshore production, which is anticipated to contribute to the Asia Pacific subsea pump market's continued growth, is one of the key efforts.

Major market players included in this report are:

FMC Technologies, Inc.
OneSubsea
General Electric Company
Aker Solutions ASA
Baker Hughes Incorporated
Flowserve Corporation
SPX Corporation
ITT Bornemann GmbH
Leistritz AG
Sulzer Ltd.

Recent Developments in the Market:

Jan. 2022, the government of Argentina made steps that promote deep-water exploration. The government unfrozen a 3D seismic project that operator Equinor and partners had planned to conduct in the Argentina Basin's blocks CAN-100, CAN-108, and CAN-114 in water depths between 1,500 m and 3,500 m, around 290 km from Mar del Plata.

Global Subsea Pump System Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Deployment, Application, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Deployment offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Deployment:

Shallow water
Deepwater

By Application:

Boosting
Separation
Injection
Others

By Region:

North America

U.S.
Canada

Europe

UK
Germany
France
Spain
Italy
ROE

Asia Pacific

China
India
Japan
Australia
South Korea
RoAPAC

Latin America

Brazil
Mexico

Middle East & Africa

Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Subsea Pump System Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Subsea Pump System Market, by Deployment, 2020-2030 (USD Billion)
- 1.2.3. Subsea Pump System Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Subsea Pump System Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Subsea Pump System Market Dynamics

3.1. Subsea Pump System Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Rising exploration across subsea oil & gas exploration sites
  - 3.1.1.2. Increasing deep-water activities, longer tiebacks, and recoverable reserves
- 3.1.2. Market Challenges
  - 3.1.2.1. Stringent government regulatory norms
  - 3.1.2.2. Operational and environmental concerns
- 3.1.3. Market Opportunities
  - 3.1.3.1. Technological advancement in subsea pump systems
  - 3.1.3.2. New offshore discoveries

Chapter 4. Global Subsea Pump System Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Subsea Pump System Market, by Deployment

5.1. Market Snapshot
5.2. Global Subsea Pump System Market by Deployment, Performance - Potential Analysis
5.3. Global Subsea Pump System Market Estimates & Forecasts by Deployment 2020-2030 (USD Billion)
5.4. Subsea Pump System Market, Sub Segment Analysis
- 5.4.1. Shallow water
- 5.4.2. Deepwater

Chapter 6. Global Subsea Pump System Market, by Application

6.1. Market Snapshot
6.2. Global Subsea Pump System Market by Application, Performance - Potential Analysis
6.3. Global Subsea Pump System Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Subsea Pump System Market, Sub Segment Analysis
- 6.4.1. Boosting
- 6.4.2. Separation
- 6.4.3. Injection
- 6.4.4. Others

Chapter 7. Global Subsea Pump System Market, Regional Analysis

7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Subsea Pump System Market, Regional Market Snapshot
7.4. North America Subsea Pump System Market
- 7.4.1. U.S. Subsea Pump System Market
  - 7.4.1.1. Deployment breakdown estimates & forecasts, 2020-2030
  - 7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada Subsea Pump System Market
7.5. Europe Subsea Pump System Market Snapshot
- 7.5.1. U.K. Subsea Pump System Market
- 7.5.2. Germany Subsea Pump System Market
- 7.5.3. France Subsea Pump System Market
- 7.5.4. Spain Subsea Pump System Market
- 7.5.5. Italy Subsea Pump System Market
- 7.5.6. Rest of Europe Subsea Pump System Market
7.6. Asia-Pacific Subsea Pump System Market Snapshot
- 7.6.1. China Subsea Pump System Market
- 7.6.2. India Subsea Pump System Market
- 7.6.3. Japan Subsea Pump System Market
- 7.6.4. Australia Subsea Pump System Market
- 7.6.5. South Korea Subsea Pump System Market
- 7.6.6. Rest of Asia Pacific Subsea Pump System Market
7.7. Latin America Subsea Pump System Market Snapshot
- 7.7.1. Brazil Subsea Pump System Market
- 7.7.2. Mexico Subsea Pump System Market
7.8. Middle East & Africa Subsea Pump System Market
- 7.8.1. Saudi Arabia Subsea Pump System Market
- 7.8.2. South Africa Subsea Pump System Market
- 7.8.3. Rest of Middle East & Africa Subsea Pump System Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. FMC Technologies, Inc.
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Recent Developments
- 8.3.2. OneSubsea
- 8.3.3. General Electric Company
- 8.3.4. Aker Solutions ASA
- 8.3.5. Baker Hughes Incorporated
- 8.3.6. Flowserve Corporation
- 8.3.7. SPX Corporation
- 8.3.8. ITT Bornemann GmbH
- 8.3.9. Leistritz AG
- 8.3.10. Sulzer Ltd.

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Subsea Pump System Market, report scope
TABLE 2. Global Subsea Pump System Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Subsea Pump System Market estimates & forecasts by Deployment 2020-2030 (USD Billion)
TABLE 4. Global Subsea Pump System Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 5. Global Subsea Pump System Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6. Global Subsea Pump System Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Subsea Pump System Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Subsea Pump System Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Subsea Pump System Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Subsea Pump System Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Subsea Pump System Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Subsea Pump System Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Subsea Pump System Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Subsea Pump System Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. U.S. Subsea Pump System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Subsea Pump System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17. U.S. Subsea Pump System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. Canada Subsea Pump System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. Canada Subsea Pump System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Subsea Pump System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. UK Subsea Pump System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. UK Subsea Pump System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Subsea Pump System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Germany Subsea Pump System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. Germany Subsea Pump System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Subsea Pump System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. France Subsea Pump System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. France Subsea Pump System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Subsea Pump System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Italy Subsea Pump System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. Italy Subsea Pump System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Subsea Pump System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Spain Subsea Pump System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Spain Subsea Pump System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Subsea Pump System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. RoE Subsea Pump System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. RoE Subsea Pump System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Subsea Pump System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. China Subsea Pump System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. China Subsea Pump System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Subsea Pump System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. India Subsea Pump System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. India Subsea Pump System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Subsea Pump System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. Japan Subsea Pump System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. Japan Subsea Pump System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Subsea Pump System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. South Korea Subsea Pump System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. South Korea Subsea Pump System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Subsea Pump System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Australia Subsea Pump System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. Australia Subsea Pump System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Subsea Pump System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. RoAPAC Subsea Pump System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. RoAPAC Subsea Pump System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Subsea Pump System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Brazil Subsea Pump System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. Brazil Subsea Pump System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Subsea Pump System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Mexico Subsea Pump System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Mexico Subsea Pump System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Subsea Pump System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. RoLA Subsea Pump System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. RoLA Subsea Pump System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Subsea Pump System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Saudi Arabia Subsea Pump System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. South Africa Subsea Pump System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. RoMEA Subsea Pump System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Subsea Pump System Market
TABLE 70. List of primary sources, used in the study of global Subsea Pump System Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Subsea Pump System Market, research methodology
FIG 2. Global Subsea Pump System Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Subsea Pump System Market, key trends 2022
FIG 5. Global Subsea Pump System Market, growth prospects 2023-2030
FIG 6. Global Subsea Pump System Market, porters 5 force model
FIG 7. Global Subsea Pump System Market, pest analysis
FIG 8. Global Subsea Pump System Market, value chain analysis
FIG 9. Global Subsea Pump System Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Subsea Pump System Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Subsea Pump System Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Subsea Pump System Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Subsea Pump System Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Subsea Pump System Market, regional snapshot 2020 & 2030
FIG 15. North America Subsea Pump System Market 2020 & 2030 (USD Billion)
FIG 16. Europe Subsea Pump System Market 2020 & 2030 (USD Billion)
FIG 17. Asia Pacific Subsea Pump System Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Subsea Pump System Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Subsea Pump System Market 2020 & 2030 (USD Billion)