Research and Markets: Global Oil and Gas Subsea Pumps Market 2015-2019 with Aker Solutions, Flow Serve, FMC Technologies, GE Energy & OneSubsea Dominating
June 30, 2015 | By Business Wire News
DUBLIN
Research and Markets (http://www.researchandmarkets.com/research/clkmxl/global_subsea) has announced the addition of the “Global Subsea Pumps Market 2015-2019” report to their offering.
The Global Subsea Pumps market to grow at a CAGR of 18.9% over the period 2014-2019.
Subsea pumps are used in the Oil and Gas industry to enhance oil recovery and to maintain the flow of fluids in subsea production systems. These pumps accelerate the production process and improve the flow assurance in subsea oil and gas reservoirs. With the development of subsea infrastructure and increasing number of subsea projects, the adoption of subsea pumps is expected to increase substantially in the future.
One major trend emerging in the market is the rapid advances in technology. The use of advanced booster pumps and permanent magnet motors that improve the speed, flow regulation, and efficiency of a pump are the most notable developments that would bode well for the market growth in the future.
According to the report, maturation of onshore oil reserves, which leads to a shift and investment in offshore production from the conventional onshore production, predominantly drives the market growth. As a result, governments worldwide are focusing on upgrading subsea pump technologies to increase their overall oil and gas production.
Further, the report states that one key challenge that the market faces is the increase in the prices of raw materials used to manufacture the pumps. High technical expertise and expensive raw materials are required to build subsea pumps that can withstand harsh subsea weather conditions, which increases the overall cost of the system.
The market can be segmented into four:
- Helico-axial
- Electrical Submersible
- Centrifugal
- Others
Key Vendors
- Aker Solutions
- Flow Serve
- FMC Technologies
- GE Energy
- OneSubsea
Other Prominent Vendors
- National Oilwell Varco
- Oceaneering International
- Transocean
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Market Segmentation by Type
- Geographical Segmentation
- Key Leading Countries
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/clkmxl/global_subsea
View source version on businesswire.com: http://www.businesswire.com/news/home/20150630006483/en/
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Sector: Oilfield Equipment and Services, Pumps
