Global Information Inc. would like to present a new market research report, "The World Subsea Hardware Market Forecast 2013-2017" by Douglas-Westwood.
The outlook for the subsea hardware business is one of near and long term opportunity. Trends towards deepwater exploration and production are forecast to provide greater opportunities across the supply chain.
Now in its third edition, Douglas-Westwoods (DW) Subsea Hardware Market Forecast analyses the market through to 2017. DW examines the key hardware activity trends to provide detailed insight for major players and new entrants alike.
Forecasts are split out by region for all subsea production hardware, SURF and trunklines with data provided for each hardware type for Capex and units/km installed. Regional forecasts are further detailed within Western Europe for Norway and the UK.
The Market
DW forecast spend during 2013-2017 to double to $124 billion compared to the preceding five-year period. Deepwater activity is booming in the Golden Triangle; Brazil, West Africa and the Gulf of Mexico, which is forecast to account for 44% of total subsea hardware expenditure. The downturn in offshore installation activity between 2009 and 2011 is being followed by strong recovery and is expected to continue through to 2017.
Trunkline projects are of particular significance with major deepwater connections planned for, and extending beyond, the forecast period.
Key Themes
The Report details specific subsea hardware trends by region supported by analysis and insight for strategy teams within the operators, subsea manufacturing, subsea services, financial institutions, offshore construction and drilling contractors.
Essential reading for companies working within the subsea industry, the report focuses on:
- Key drivers - a discussion of factors driving subsea hardware installation activity including robust oil & gas prices and deepwater production to offset declining production from onshore and shallow water basins.
- Supply chain - detailing the key players within the subsea hardware market and analysis of top manufacturers subsea orders and backlog.
- Regional forecasts - forecast Capex by region, noting key projects and operators.
- Component forecasts - covering subsea production hardware (trees, controls, templates & manifolds, flying leads, jumpers), SURF and trunklines; data splits provided for each hardware type for Capex and units/km installed.
The Douglas-Westwood Approach
The DW approach to market forecasting is trusted by sector players worldwide. Clients include the worlds top-10 oil & gas companies, the top-9 oilfield services companies and top-10 private equity firms. Our proven process includes:
- Industry Consultation - discussions with a wide-range of companies including: equipment manufacturers, engineering consultancies and private equity firms.
- Unique and proprietary data - detailed by project in our in-house databases. Updated year-round from both published sources and insight gained from industry consultation.
- Methodology - our forecast assumes a medium-case scenario for market activity, drawn from our databases, which enables the forecasts to be established on a project-by-project basis; taking into account factors such as project size, location, progress to date, etc.
- Market forecasts - by region, depth and hardware type: subsea production hardware, SURF and trunklines.
Why purchase the World Subsea Hardware Market Forecast?
Our forecasts are underpinned by thorough scrutiny of identified fields/prospects in the Douglas-Westwood oil and gas database.
Our data and analysis are strengthened by extensive consultation with many companies from all sectors of the deepwater market. Throughout the report we highlight pertinent quotes, related to specific aspects of the market.
Consistent with DWs commitment to delivering value for our clients, all our market publications have a concise layout consisting of industry background and supporting materials condensed to enable quick review with speed-read summaries of key points throughout.
