Report on UK, APAC, and MEA Subsea System Services Market Research Information by Service Type, By Application, By Region -Europe, APAC, and MEA Forecast to 2032

Description

List of Tables

Report on UK, APAC, and MEA Subsea System Services Market Research Information by Service Type (Inspection, Repair, And Maintenance, Subsea Construction, Decommissioning, Cable-Lay Services, Diving Services, Plug And Abandonment, and Others), By Application (Oil & Gas, Subsea Mining, Telecommunication, Renewable Energy, and Others), By Region -Europe, APAC, and MEA Forecast to 2032

Overview of the Market

The market size for subsea system services in the UK, APAC, and MEA was estimated at USD 5,645.48 million in 2023. The market for subsea system services in the UK, APAC, and MEA is expected to expand at a compound annual growth rate (CAGR) of 7.07% from 2024 to 2032, from USD 6,209.28 million in 2024 to USD 10,721.43 million.

A variety of specialized services and solutions pertaining to the planning, building, running, maintaining, and dismantling of subsea structures utilized in the oil, gas, and renewable energy sectors are together referred to as subsea design services. While decommissioning focuses on the safe disposal of outdated systems, subsea building include the creation and implementation of new projects. When building and maintaining subsea systems, engineering and design are crucial, with thorough planning for particular business requirements. incorporating creative fixes. When combined, these services guarantee subsea infrastructure's effectiveness and security.

Perspectives on Market Segments

Inspection, repair, and maintenance, subsea construction, decommissioning, cable-lay services, diving services, plug and abandonment, and other service types are the categories into which the UK, APAC, and MEA Subsea System Services market has been divided.

In order to maintain operational integrity and safety, the subsea system market-which includes technology utilized beneath the ocean's surface for oil and gas production, renewable energy, and numerous research applications-heavily depends on strong inspection, repair, and maintenance (IRM) procedures. These systems, which include subsea production equipment, risers, and underwater pipelines, function in demanding and high-pressure settings that call for careful and ongoing IRM procedures. Advanced techniques like autonomous underwater vehicles (AUVs) for thorough and regular evaluations or remotely operated vehicles (ROVs) outfitted with sonar, cameras, and sensors are frequently used in inspection approaches.

The market for subsea system services in the UK, APAC, and MEA is divided into segments based on application, including renewable energy, telecommunication, oil and gas, and undersea mining.

Regional Perspectives

The market for subsea system services in the UK, APAC, and MEA is divided into three regions: Europe, Asia-Pacific, and the Middle East & Africa. With the greatest market revenue share of 46.08% in 2023, the APAC region is predicted to rise at a compound annual growth rate (CAGR) of 7.22% from 2024 to 2032.

With a major impact on the administration and exploitation of subsea resources, the European subsea system market is an essential part of the nation's larger offshore oil and gas sector. This market includes the development, production, and installation of underwater technology and equipment necessary for offshore operations.

Furthermore, the market for subsea systems in Europe is intimately related to the nation's larger commitment to renewable energy. The UK has been investing in offshore wind farms and other renewable energy sources as part of its shift to a low-carbon economy. These projects require advanced subsea infrastructure for the installation and upkeep of wind turbines and subsea cables.

Important Market Participants

Wood plc, SLB, Halliburton, Subsea7, Oceaneering International, Inc., TechnipFMC plc, DeepOcean, Helix Energy Solutions, and Baker Hughes are important players in the UK, APAC, and MEA subsea system services market.

Product Code: MRFR/E&P/30903-CR

1 EXECUTIVE SUMMARY

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

3.1 OVERVIEW
3.2 DATA FLOW
- 3.2.1 DATA MINING PROCESS
3.3 PURCHASED DATABASE:
3.4 SECONDARY SOURCES:
- 3.4.1 SECONDARY RESEARCH DATA FLOW:
3.5 PRIMARY RESEARCH:
- 3.5.1 PRIMARY RESEARCH DATA FLOW:
3.6 APPROACHES FOR MARKET SIZE ESTIMATION:
- 3.6.1 TRADE ANALYSIS APPROACH
3.7 DATA FORECASTING
- 3.7.1 DATA FORECASTING TECHNIQUE
3.8 DATA MODELING
- 3.8.1 MICROECONOMIC FACTOR ANALYSIS:
- 3.8.2 DATA MODELING:
3.9 TEAMS AND ANALYST CONTRIBUTION

4 MARKET DYNAMICS

4.1 INTRODUCTION
4.2 DRIVERS
- 4.2.1 INCREASING OFFSHORE OIL AND GAS PRODUCTION
- 4.2.2 HIGH OIL AND GAS RESERVES IN THE MEA REGION
4.3 RESTRAINTS
- 4.3.1 HIGH CAPITAL AND OPERATIONAL COSTS
4.4 OPPORTUNITY
- 4.4.1 TECHNOLOGICAL ADVANCEMENTS
4.5 IMPACT ANALYSIS OF COVID-19 SUBSEA SYSTEM SERVICES MARKET
4.6 IMPACT OF RUSSIA-UKRAINE WAR MARKET

5 MARKET FACTOR ANALYSIS

5.1 SUPPLY/VALUE CHAIN ANALYSIS
- 5.1.1 ENGINEERING & DESIGN
- 5.1.2 MANUFACTURERS
  - 5.1.2.1 MANUFACTURING AND FABRICATION
  - 5.1.2.2 INSTALLATION SERVICES
- 5.1.3 SERVICE PROVIDERS
  - 5.1.3.1 SALES AND MARKETING STRATEGIES
- 5.1.4 END USE INDUSTRY
  - 5.1.4.1 CUSTOMER NEEDS, PREFERENCES, PAIN POINTS & APPLICATIONS
  - 5.1.4.2 LIST OF POTENTIAL END-USERS (COMPANY NAME, END-USER, HEADQUARTERS, AND CONTACT DETAILS)
5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 BARGAINING POWER OF SUPPLIERS
- 5.2.3 THREAT OF SUBSTITUTES
- 5.2.4 BARGAINING POWER OF BUYERS
- 5.2.5 INTENSITY OF RIVALRY
5.3 PESTEL ANALYSIS
5.4 TECHNOLOGICAL ADVANCEMENTS
- 5.4.1 ENHANCED SUBSEA PROCESSING
- 5.4.2 ADVANCED ROBOTICS AND AUTOMATION
- 5.4.3 FIBER OPTIC SENSING
5.5 REGULATORY FRAMEWORK
- 5.5.1 GOVERNMENT POLICIES
- 5.5.2 CERTIFICATIONS & STANDARDS
- 5.5.3 PATENT ANALYSIS*
5.6 RESEARCH AND DEVELOPMENT UPDATE
- 5.6.1 CURRENT SCENARIO
- 5.6.2 FUTURE ROADMAP
- 5.6.3 CHALLENGES
- 5.6.4 NOVEL APPLICATIONS
- 5.6.5 KEY DEVELOPMENT

6 EUROPE, APAC AND MEA SUBSEA SYSTEM SERVICES MARKET, BY SERVICE TYPE

6.1 INTRODUCTION
6.2 INSPECTION, REPAIR, AND MAINTENANCE
- 6.2.1 PIPELINE INSPECTION AND REPAIR
- 6.2.2 STRUCTURAL INSPECTION
- 6.2.3 EQUIPMENT MAINTENANCE
6.3 SUBSEA CONSTRUCTION
6.4 DECOMMISSIONING
6.5 CABLE-LAY SERVICES
6.6 DIVING SERVICES
- 6.6.1 SATURATION (SAT) DIVING
- 6.6.2 AIR DIVING
- 6.6.3 INSPECTION AND REPAIR
6.7 PLUG AND ABANDONMENT
6.8 OTHERS

7 EUROPE, APAC AND MEA SUBSEA SYSTEM SERVICES MARKET, BY APPLICATION

7.1 INTRODUCTION
7.2 OIL & GAS
7.3 SUBSEA MINING
7.4 TELECOMMUNICATION
7.5 RENEWABLE ENERGY
7.6 OTHERS

8 EUROPE, APAC AND MEA SUBSEA SYSTEM SERVICES MARKET, BY REGION

8.1 OVERVIEW
8.2 EUROPE
- 8.2.1 UK
- 8.2.2 REST OF EUROPE
8.3 ASIA-PACIFIC
- 8.3.1 CHINA
- 8.3.2 INDIA
- 8.3.3 JAPAN
- 8.3.4 SOUTH KOREA
- 8.3.5 MALAYSIA
- 8.3.6 THAILAND
- 8.3.7 INDONESIA
- 8.3.8 REST OF ASIA PACIFIC
8.4 MIDDLE EAST & AFRICA
- 8.4.1 EGYPT
- 8.4.2 IRAN
- 8.4.3 OMAN
- 8.4.4 UAE
- 8.4.5 ALGERIA
- 8.4.6 SOUTH AFRICA
- 8.4.7 REST OF MIDDLE EAST & AFRICA

9 COMPETITIVE LANDSCAPE

9.1 INTRODUCTION
9.2 COMPANY MARKET SHARE ANALYSIS, 2023 (%)
9.3 COMPETITIVE BENCHMARKING
9.4 COMPARATIVE ANALYSIS: KEY PLAYERS FINANCIAL,
9.5 KEY DEVELOPMENTS & GROWTH STRATEGIES
- 9.5.1 ACQUISITION
- 9.5.2 AGREEMENT

10 COMPANY PROFILES

10.1 WOOD PLC
- 10.1.1 COMPANY OVERVIEW
- 10.1.2 FINANCIAL OVERVIEW
- 10.1.3 PRODUCTS OFFERED
- 10.1.4 KEY DEVELOPMENTS
- 10.1.5 SWOT ANALYSIS
- 10.1.6 KEY STRATEGY
10.2 SLB
- 10.2.1 COMPANY OVERVIEW
- 10.2.2 FINANCIAL OVERVIEW
- 10.2.3 PRODUCTS OFFERED
- 10.2.4 KEY DEVELOPMENTS
- 10.2.5 SWOT ANALYSIS
- 10.2.6 KEY STRATEGY
10.3 HALLIBURTON
- 10.3.1 COMPANY OVERVIEW
- 10.3.2 FINANCIAL OVERVIEW
- 10.3.3 PRODUCTS OFFERED
- 10.3.4 KEY DEVELOPMENTS
- 10.3.5 SWOT ANALYSIS
- 10.3.6 KEY STRATEGY
10.4 SUBSEA7
- 10.4.1 COMPANY OVERVIEW
- 10.4.2 FINANCIAL OVERVIEW
- 10.4.3 PRODUCTS OFFERED
- 10.4.4 KEY DEVELOPMENTS
- 10.4.5 SWOT ANALYSIS
- 10.4.6 KEY STRATEGY
10.5 OCEANEERING INTERNATIONAL, INC.
- 10.5.1 COMPANY OVERVIEW
- 10.5.2 FINANCIAL OVERVIEW
- 10.5.3 PRODUCTS OFFERED
- 10.5.4 KEY DEVELOPMENTS
- 10.5.5 SWOT ANALYSIS
- 10.5.6 KEY STRATEGY
10.6 TECHNIPFMC PLC
- 10.6.1 COMPANY OVERVIEW
- 10.6.2 FINANCIAL OVERVIEW
- 10.6.3 PRODUCTS OFFERED
- 10.6.4 KEY DEVELOPMENTS
- 10.6.5 SWOT ANALYSIS
- 10.6.6 KEY STRATEGY
10.7 DEEPOCEAN
- 10.7.1 COMPANY OVERVIEW
- 10.7.2 FINANCIAL OVERVIEW
- 10.7.3 PRODUCTS OFFERED
- 10.7.4 KEY DEVELOPMENTS
- 10.7.5 SWOT ANALYSIS
- 10.7.6 KEY STRATEGY
10.8 HELIX ENERGY SOLUTIONS
- 10.8.1 COMPANY OVERVIEW
- 10.8.2 FINANCIAL OVERVIEW
- 10.8.3 PRODUCTS OFFERED
- 10.8.4 KEY DEVELOPMENTS
- 10.8.5 SWOT ANALYSIS
- 10.8.6 KEY STRATEGY
10.9 BAKER HUGHES
- 10.9.1 COMPANY OVERVIEW
- 10.9.2 FINANCIAL OVERVIEW
- 10.9.3 PRODUCTS OFFERED
- 10.9.4 KEY DEVELOPMENTS
- 10.9.5 SWOT ANALYSIS
- 10.9.6 KEY STRATEGY
10.10 AKER SOLUTIONS
- 10.10.1 COMPANY OVERVIEW
- 10.10.2 FINANCIAL OVERVIEW
- 10.10.3 PRODUCTS OFFERED
- 10.10.4 KEY DEVELOPMENTS
- 10.10.5 SWOT ANALYSIS
- 10.10.6 KEY STRATEGY
10.11 DATA CITATIONS