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Market Research Report

Subsea Pumps Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

Published by IMARC Services Private Limited Product code 919640
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Subsea Pumps Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024
Published: December 10, 2019 Content info: 102 Pages
Description

The global subsea pumps market is expected to grow at a CAGR of around 7% during 2019-2024. Subsea pumps are motorized devices which are used for underwater operations conducted on the seabed. The device consists of a power generator, conditioner, controller and transmitter. These pumps are utilized to boost production streams and multiphase mixtures of water, gas and oil through helico-axial and centrifugal forces. They can transport untreated hydrocarbons, condensates and solids by applying pressure through the pipelines. They also have a retrievable pump unit and pump base skid that are tied into the production flowline system and are deployed to increase hydrocarbon recovery in low-pressure reservoirs.

The continuously increasing demand for oil and gas from industrial, transportation and residential sectors is one of the major factors driving the market growth. The substantial decline in the shallow and onshore gas reserves has shifted the extraction activities to deep-sea reserves, thereby driving the product demand. Furthermore, significant advancements in subsea technologies, ensuring high operational efficiencies and economic benefits, are also augmenting the market growth. For instance, the Remote Flooding Console (RFC), which utilizes subsea pumps, is used for flooding and pigging operations by small vessels that have minimal desk space. Additionally, the discovery of commercially usable offshore hydrocarbon reservoirs is enhancing the adoption of these pumps across the globe. Also, various product innovations, including the utilization of high voltage motors to prevent voltage drops, the development of large pump hardware with improved capabilities, along with the advancements in pump designs and motor drive resulting in lower weight requirements and the cost-effectiveness of these pumps, are also projected to drive the market further.

IMARC Group's latest report provides a deep insight into the global subsea pumps market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the subsea pumps market in any manner.

Report Coverage:

Historical, Current and Future Market Trends

Market Breakup by Type:

  • Centrifugal
  • Helico-Axial
  • Hybrid Pump
  • Twin Screw
  • Co-Axial
  • ESP (Electrical Submersible Pump)

Market Breakup by Application:

  • Subsea Boosting
  • Subsea Separation
  • Subsea Injection
  • Subsea Gas Compression

Market Breakup by Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

Competitive Landscape

The report has also analyzed the competitive landscape of the market with some of the key players being Aker Solutions, Baker Hughes, FMC Technologies, Halliburton, General Electric Company, Flowserve, Leistritz Pumps GmbH, OneSubsea, Sulzer, SPX Corporation, Hayward Tyler Group, National Oilwell Varco, Oceaneering International, Framo AS, ITT Bornemann GmbH, etc.

Key Questions Answered in This Report:

  • How has the global subsea pumps market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global subsea pumps industry?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the global subsea pumps industry?
  • What are the key driving factors and challenges in the global subsea pumps industry?
  • What is the structure of the global subsea pumps industry and who are the key players?
  • What is the degree of competition in the global subsea pumps industry?
Table of Contents
Product Code: SR1019G86_Report

Table of Contents

1. Preface

2. Scope and Methodology

  • 2.1. Objectives of the Study
  • 2.2. Stakeholders
  • 2.3. Data Sources
    • 2.3.1. Primary Sources
    • 2.3.2. Secondary Sources
  • 2.4. Market Estimation
    • 2.4.1. Bottom-Up Approach
    • 2.4.2. Top-Down Approach
  • 2.5. Forecasting Methodology

3. Executive Summary

4. Introduction

  • 4.1. Overview
  • 4.2. Key Industry Trends

5. Global Subsea Pumps Market

  • 5.1. Market Overview
  • 5.2. Market Performance
  • 5.3. Market Breakup by Type
  • 5.4. Market Breakup by Application
  • 5.5. Market Breakup by Region
  • 5.6. Market Forecast

6. SWOT Analysis

  • 6.1. Overview
  • 6.2. Strengths
  • 6.3. Weaknesses
  • 6.4. Opportunities
  • 6.5. Threats

7. Value Chain Analysis

8. Porter's Five Forces Analysis

  • 8.1. Overview
  • 8.2. Bargaining Power of Buyers
  • 8.3. Bargaining Power of Suppliers
  • 8.4. Degree of Competition
  • 8.5. Threat of New Entrants
  • 8.6. Threat of Substitutes

9. Market Breakup by Type

  • 9.1. Centrifugal
    • 9.1.1. Market Trends
    • 9.1.2. Market Forecast
  • 9.2. Helico-Axial
    • 9.2.1. Market Trends
    • 9.2.2. Market Forecast
  • 9.3. Hybrid Pump
    • 9.3.1. Market Trends
    • 9.3.2. Market Forecast
  • 9.4. Twin Screw
    • 9.4.1. Market Trends
    • 9.4.2. Market Forecast
  • 9.5. Co-Axial
    • 9.5.1. Market Trends
    • 9.5.2. Market Forecast
  • 9.6. ESP (Electrical Submersible Pump)
    • 9.6.1. Market Trends
    • 9.6.2. Market Forecast

10. Market Breakup by Application

  • 10.1. Subsea Boosting
    • 10.1.1. Market Trends
    • 10.1.2. Market Forecast
  • 10.2. Subsea Separation
    • 10.2.1. Market Trends
    • 10.2.2. Market Forecast
  • 10.3. Subsea Injection
    • 10.3.1. Market Trends
    • 10.3.2. Market Forecast
  • 10.4. Subsea Gas Compression
    • 10.4.1. Market Trends
    • 10.4.2. Market Forecast

11. Market Breakup by Region

  • 11.1. North America
    • 11.1.1. Market Trends
    • 11.1.2. Market Forecast
  • 11.2. Europe
    • 11.2.1. Market Trends
    • 11.2.2. Market Forecast
  • 11.3. Asia Pacific
    • 11.3.1. Market Trends
    • 11.3.2. Market Forecast
  • 11.4. Middle East and Africa
    • 11.4.1. Market Trends
    • 11.4.2. Market Forecast
  • 11.5. Latin America
    • 11.5.1. Market Trends
    • 11.5.2. Market Forecast

12. Price Analysis

13. Competitive Landscape

  • 13.1. Market Structure
  • 13.2. Key Players
  • 13.3. Profiles of Key Players
    • 13.3.1. Aker Solutions
    • 13.3.2. Baker Hughes
    • 13.3.3. FMC Technologies
    • 13.3.4. Halliburton
    • 13.3.5. General Electric Company
    • 13.3.6. Flowserve
    • 13.3.7. Leistritz Pumps GmbH
    • 13.3.8. OneSubsea
    • 13.3.9. Sulzer
    • 13.3.10. SPX Corporation
    • 13.3.11. Hayward Tyler Group
    • 13.3.12. National Oilwell Varco
    • 13.3.13. Oceaneering International
    • 13.3.14. Framo AS
    • 13.3.15. ITT Bornemann GmbH

List of Figures

  • Figure 1: Global: Subsea Pumps Market: Major Drivers and Challenges
  • Figure 2: Global: Subsea Pumps Market: Sales Value (in Billion US$), 2013-2018
  • Figure 3: Global: Subsea Pumps Market: Breakup by Type (in %), 2018
  • Figure 4: Global: Subsea Pumps Market: Breakup by Application (in %), 2018
  • Figure 5: Global: Subsea Pumps Market: Breakup by Region (in %), 2018
  • Figure 6: Global: Subsea Pumps Market Forecast: Sales Value (in Billion US$), 2019-2024
  • Figure 7: Global: Subsea Pumps Industry: SWOT Analysis
  • Figure 8: Global: Subsea Pumps Industry: Value Chain Analysis
  • Figure 9: Global: Subsea Pumps Industry: Porter's Five Forces Analysis
  • Figure 10: Global: Subsea Pumps (Centrifugal) Market: Sales Value (in Million US$), 2013 & 2018
  • Figure 11: Global: Subsea Pumps (Centrifugal) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 12: Global: Subsea Pumps (Helico-Axial) Market: Sales Value (in Million US$), 2013 & 2018
  • Figure 13: Global: Subsea Pumps (Helico-Axial) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 14: Global: Subsea Pumps (Hybrid Pump) Market: Sales Value (in Million US$), 2013 & 2018
  • Figure 15: Global: Subsea Pumps (Hybrid Pump) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 16: Global: Subsea Pumps (Twin Screw) Market: Sales Value (in Million US$), 2013 & 2018
  • Figure 17: Global: Subsea Pumps (Twin Screw) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 18: Global: Subsea Pumps (Co-Axial) Market: Sales Value (in Million US$), 2013 & 2018
  • Figure 19: Global: Subsea Pumps (Co-Axial) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 20: Global: Subsea Pumps (ESP) Market: Sales Value (in Million US$), 2013 & 2018
  • Figure 21: Global: Subsea Pumps (ESP) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 22: Global: Subsea Pumps (Subsea Boosting) Market: Sales Value (in Million US$), 2013 & 2018
  • Figure 23: Global: Subsea Pumps (Subsea Boosting) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 24: Global: Subsea Pumps (Subsea Separation) Market: Sales Value (in Million US$), 2013 & 2018
  • Figure 25: Global: Subsea Pumps (Subsea Separation) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 26: Global: Subsea Pumps (Subsea Injection) Market: Sales Value (in Million US$), 2013 & 2018
  • Figure 27: Global: Subsea Pumps (Subsea Injection) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 28: Global: Subsea Pumps (Subsea Gas Compression) Market: Sales Value (in Million US$), 2013 & 2018
  • Figure 29: Global: Subsea Pumps (Subsea Gas Compression) Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 30: North America: Subsea Pumps Market: Sales Value (in Million US$), 2013 & 2018
  • Figure 31: North America: Subsea Pumps Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 32: Europe: Subsea Pumps Market: Sales Value (in Million US$), 2013 & 2018
  • Figure 33: Europe: Subsea Pumps Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 34: Asia Pacific: Subsea Pumps Market: Sales Value (in Million US$), 2013 & 2018
  • Figure 35: Asia Pacific: Subsea Pumps Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 36: Middle East and Africa: Subsea Pumps Market: Sales Value (in Million US$), 2013 & 2018
  • Figure 37: Middle East and Africa: Subsea Pumps Market Forecast: Sales Value (in Million US$), 2019-2024
  • Figure 38: Latin America: Subsea Pumps Market: Sales Value (in Million US$), 2013 & 2018
  • Figure 39: Latin America: Subsea Pumps Market Forecast: Sales Value (in Million US$), 2019-2024

List of Tables

  • Table 1: Global: Subsea Pumps Market: Key Industry Highlights, 2018 and 2024
  • Table 2: Global: Subsea Pumps Market Forecast: Breakup by Type (in Million US$), 2019-2024
  • Table 3: Global: Subsea Pumps Market Forecast: Breakup by Application (in Million US$), 2019-2024
  • Table 4: Global: Subsea Pumps Market Forecast: Breakup by Region (in Million US$), 2019-2024
  • Table 5: Global: Subsea Pumps Market Structure
  • Table 6: Global: Subsea Pumps Market: Key Players
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