Global Subsea System Market Size study, by Component by Type and Regional Forecasts 2022-2032

Description

List of Tables

Global Subsea System Market is valued approximately USD 18.6 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 5.98% over the forecast period 2024-2032. Subsea systems are a complex network of equipment, pipelines, and structures used for offshore oil and gas production. These systems are designed to operate in the challenging conditions found beneath the ocean's surface. This includes various components such as subsea trees, manifolds, control systems, and wellheads. Subsea trees are installed on the wellhead to control the flow of oil or gas from the reservoir. Manifolds distribute production fluids to the surface facilities. Moreover, the growing interest in integrating renewable energy sources, such as offshore wind and wave energy, with subsea infrastructure. This includes the development of hybrid subsea systems that combine traditional oil and gas production with renewable energy generation, as well as the use of subsea infrastructure for the transmission and distribution of renewable energy.

Moreover, the increasing offshore exploration and production is anticipated to support the market growth. As onshore oil and gas reserves become more challenging to access, there has been a shift towards offshore exploration and production, particularly in deepwater and ultra-deepwater environment. Subsea systems enable the development of offshore fields by providing the infrastructure necessary for drilling, production, and processing. Additionally, other factors supporting the market growth are rising demand for oil and gas, expansion into new geographical areas, rising focus in deep water drilling, and growing advancements in subsea technologies. However, the ban on offshore exploration and production activities in multiple regions, and fluctuating oil price are expected to hinder the market growth during the forecast period 2024-2032.

The key regions considered for the global Subsea System market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Among these regions, Asia Pacific is the fastest-growing market. The key factors driving the growth of Subsea System market in Asia Pacific is increasing offshore exploration and production activities, supportive government initiatives and investments, growing development of offshore infrastructure, including pipelines, subsea processing facilities, and export terminals, and growing exploration of new frontiers. Also, as shallow-water reserves become depleted, there's a growing trend towards deepwater exploration and production activities. The Asia Pacific region has significant untapped offshore oil and gas reserves, particularly in regions like the South China Sea, which is propelling the demand for subsea systems. For instance, in March 2023, CNOOC has made a significant discovery at the Kaiping South oilfield in the South China Sea, adding over 100 million tons of oil equivalent in proved in-place volume. It marks China's first deep-water and deep-play oilfield surpassing this volume.

Major market player included in this report are:

Royal IHC Holding Company
OneSubsea ASA
TechnipFMC - TechnipFMC plc
UUV Technologie GmbH & Co. KG
C-Innovations GmbH
National Oilwell Varco Corporation
Aker Solutions ASA
FMC Technologies Incorporated
Subsea 7 S.A.
Saipem S.p.A.

The detailed segments and sub-segment of the market are explained below:

By Component

Surf
Subsea trees
Subsea control Systems
Subsea manifolds

By Type

Subsea boosting system
Subsea separation system
Subsea injection systems
Subsea compression systems

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
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market

Chapter 1. Global Subsea System Market Definition and Research Assumptions

1.1. Research Objective
1.2. Market Definition
1.3. Research Assumptions
- 1.3.1. Inclusion & Exclusion
- 1.3.2. Limitations
- 1.3.3. Supply Side Analysis
  - 1.3.3.1. Availability
  - 1.3.3.2. Infrastructure
  - 1.3.3.3. Regulatory Environment
  - 1.3.3.4. Market Competition
  - 1.3.3.5. Economic Viability (Consumer's Perspective)
- 1.3.4. Demand Side Analysis
  - 1.3.4.1. Regulatory frameworks
  - 1.3.4.2. Technological Advancements
  - 1.3.4.3. Environmental Considerations
  - 1.3.4.4. Consumer Awareness & Acceptance
1.4. Estimation Methodology
1.5. Years Considered for the Study
1.6. Currency Conversion Rates

Chapter 2. Executive Summary

2.1. Global Subsea System Market Size & Forecast (2022- 2032)
2.2. Regional Summary
2.3. Segmental Summary
- 2.3.1. By Component
- 2.3.2. By Type
2.4. Key Trends
2.5. Recession Impact
2.6. Analyst Recommendation & Conclusion

Chapter 3. Global Subsea System Market Dynamics

3.1. Market Drivers
3.2. Market Challenges
3.3. Market Opportunities

Chapter 4. Global Subsea 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
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economic
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Subsea System Market Size & Forecasts by Component 2022-2032

5.1. Surf
5.2. Subsea trees
5.3. Subsea control Systems
5.4. Subsea manifolds

Chapter 6. Global Subsea System Market Size & Forecasts by Type 2022-2032

6.1. Subsea boosting system
6.2. Subsea separation system
6.3. Subsea injection systems
6.4. Subsea compression systems

Chapter 7. Global Subsea System Market Size & Forecasts by Region 2022-2032

7.1. North America Subsea System Market
- 7.1.1. U.S. Subsea System Market
  - 7.1.1.1. Component breakdown size & forecasts, 2022-2032
  - 7.1.1.2. Type breakdown size & forecasts, 2022-2032
  - 7.1.1.3. SEGMENT 3 breakdown size & forecasts, 2022-2032
- 7.1.2. Canada Subsea System Market
7.2. Europe Subsea System Market
- 7.2.1. U.K. Subsea System Market
- 7.2.2. Germany Subsea System Market
- 7.2.3. France Subsea System Market
- 7.2.4. Spain Subsea System Market
- 7.2.5. Italy Subsea System Market
- 7.2.6. Rest of Europe Subsea System Market
7.3. Asia-Pacific Subsea System Market
- 7.3.1. China Subsea System Market
- 7.3.2. India Subsea System Market
- 7.3.3. Japan Subsea System Market
- 7.3.4. Australia Subsea System Market
- 7.3.5. South Korea Subsea System Market
- 7.3.6. Rest of Asia Pacific Subsea System Market
7.4. Latin America Subsea System Market
- 7.4.1. Brazil Subsea System Market
- 7.4.2. Mexico Subsea System Market
- 7.4.3. Rest of Latin America Subsea System Market
7.5. Middle East & Africa Subsea System Market
- 7.5.1. Saudi Arabia Subsea System Market
- 7.5.2. South Africa Subsea System Market
- 7.5.3. Rest of Middle East & Africa Subsea System Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Royal IHC Holding Company
  - 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. Market Strategies
- 8.3.2. OneSubsea ASA
- 8.3.3. TechnipFMC - TechnipFMC plc
- 8.3.4. UUV Technologie GmbH & Co. KG
- 8.3.5. C-Innovations GmbH
- 8.3.6. National Oilwell Varco Corporation
- 8.3.7. Aker Solutions ASA
- 8.3.8. FMC Technologies Incorporated
- 8.3.9. Subsea 7 S.A.
- 8.3.10. Saipem S.p.A.

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

LIST OF TABLES

TABLE 1. Global Subsea System market, report scope
TABLE 2. Global Subsea System market estimates & forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Subsea System market estimates & forecasts by Component 2022-2032 (USD Billion)
TABLE 4. Global Subsea System market estimates & forecasts by Type 2022-2032 (USD Billion)
TABLE 5. Global Subsea System market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 6. Global Subsea System market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 7. Global Subsea System market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Global Subsea System market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Global Subsea System market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Global Subsea System market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Global Subsea System market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Global Subsea System market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Global Subsea System market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Global Subsea System market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. U.S. Subsea System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. U.S. Subsea System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 17. U.S. Subsea System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 18. Canada Subsea System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 19. Canada Subsea System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 20. Canada Subsea System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 21. UK Subsea System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 22. UK Subsea System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 23. UK Subsea System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 24. Germany Subsea System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 25. Germany Subsea System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 26. Germany Subsea System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 27. France Subsea System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 28. France Subsea System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 29. France Subsea System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 30. Italy Subsea System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 31. Italy Subsea System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 32. Italy Subsea System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 33. Spain Subsea System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 34. Spain Subsea System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 35. Spain Subsea System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 36. RoE Subsea System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 37. RoE Subsea System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 38. RoE Subsea System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 39. China Subsea System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 40. China Subsea System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 41. China Subsea System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 42. India Subsea System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 43. India Subsea System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 44. India Subsea System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 45. Japan Subsea System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 46. Japan Subsea System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 47. Japan Subsea System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 48. Australia Subsea System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 49. Australia Subsea System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 50. Australia Subsea System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 51. South Korea Subsea System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 52. South Korea Subsea System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 53. South Korea Subsea System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 54.
TABLE 55. RoAPAC Subsea System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 56. RoAPAC Subsea System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 57. RoAPAC Subsea System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 58. Brazil Subsea System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 59. Brazil Subsea System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 60. Brazil Subsea System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 61. Mexico Subsea System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 62. Mexico Subsea System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 63. Mexico Subsea System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 64. RoLA Subsea System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 65. RoLA Subsea System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 66. RoLA Subsea System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 67. Saudi Arabia Subsea System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 68. Saudi Arabia Subsea System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 69. Saudi Arabia Subsea System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 70. South Africa Subsea System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 71.
TABLE 72. South Africa Subsea System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 73. South Africa Subsea System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 74. RoMEA Subsea System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 75. RoMEA Subsea System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 76. RoMEA Subsea System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 77. List of secondary sources, used in the study of Global Subsea System Market.
TABLE 78. List of primary sources, used in the study of Global Subsea System Market.
TABLE 79. Years considered for the study.
TABLE 80. Exchange rates considered

LIST OF FIGURES

FIG 1. Global Subsea System market, research methodology
FIG 2. Global Subsea System market, market estimation techniques
FIG 3. Global market size estimates & forecast methods.
FIG 4. Global Subsea System market, key trends 2023
FIG 5. Global Subsea System market, growth prospects 2022-2032
FIG 6. Global Subsea System market, porters 5 force model
FIG 7. Global Subsea System market, pestel analysis
FIG 8. Global Subsea System market, value chain analysis
FIG 9. Global Subsea System market by segment, 2022 & 2032 (USD Billion)
FIG 10. Global Subsea System market by segment, 2022 & 2032 (USD Billion)
FIG 11. Global Subsea System market by segment, 2022 & 2032 (USD Billion)
FIG 12. Global Subsea System market by segment, 2022 & 2032 (USD Billion)
FIG 13. Global Subsea System market by segment, 2022 & 2032 (USD Billion)
FIG 14. Global Subsea System market, regional snapshot 2022 & 2032
FIG 15. North America Subsea System market 2022 & 2032 (USD Billion)
FIG 16. Europe Subsea System market 2022 & 2032 (USD Billion)
FIG 17. Asia pacific Subsea System market 2022 & 2032 (USD Billion)
FIG 18. Latin America Subsea System market 2022 & 2032 (USD Billion)
FIG 19. Middle East & Africa Subsea System market 2022 & 2032 (USD Billion)
FIG 20. Global Subsea System market, company market share analysis (2023)