Research and Markets: Subsea Pumps Market in EMEA 2015-2019: North Sea Offers Huge Subsea Potential, Driven By a Growing Number of Projects and Deepwater Explorations
May 12, 2015 | By Business Wire News
DUBLIN
Research and Markets (http://www.researchandmarkets.com/research/hncnz8/subsea_pumps) has announced the addition of the “Subsea Pumps Market in EMEA 2015-2019” report to their offering.
Subsea pumps are used in oil and gas industry to enhance the oil recovery process and maintain the flow of fluids in subsea production systems. These pumps accelerate the production process and improve flow assurance in subsea oil and gas reservoirs. With the development of subsea infrastructures and a rise in the number of projects, the adoption of these pumps is expected to increase substantially.
The analysts forecast the subsea pumps market in EMEA to grow at a CAGR of 19.5% over the period 2014-2019.
Covered in this Report
The subsea pumps market in EMEA is segmented into four types: Helico-axial, electrical submersible, centrifugal, and others.
Key Vendors
– Aker Solutions
– Flow Serve
– FMC Technologies
– GE Energy
– OneSubsea
Other Prominent Vendors
– National Oilwell Varco
– Oceaneering International
– Transocean
Commenting on the report, an analyst from the team said: Oil recovery from reservoirs has seen a marked improvement over the years, driven by advances in technology. Market vendors are increasing their investment in R&D, which has enhanced overall production volume and reduced the time and risks associated with processing technologies. Besides, researchers have unlocked potential ways to process oil in harsh temperatures and pressures, advanced booster pumps, improved gas injection for increased recovery, and developed methods to separate oil at the production facility instead of a hub. These factors will improve the ROI for vendors and result in steady market growth during the forecast period.
For more information visit http://www.researchandmarkets.com/research/hncnz8/subsea_pumps
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