Global Subsea Production and Processing Market 2022-2026

Description

List of Tables

Technavio has been monitoring the subsea production and processing market and it is poised to grow by $ 7.41 bn during 2022-2026, accelerating at a CAGR of 5.81% during the forecast period. Our report on the subsea production and processing market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growing consumption of oil and natural gas, rise in deep-water and ultra-deep-water E&P activities, and rising global energy demand.

The subsea production and processing market analysis includes the application segment and geographic landscape.

Technavio's subsea production and processing market is segmented as below:

By Application

Shallow water
Deepwater
Ultra-deepwater

By Geography

Europe
APAC
Middle East and Africa
South America
North America

This study identifies the advances in subsea processing as one of the prime reasons driving the subsea production and processing market growth during the next few years. Also, declining costs of offshore drilling projects and growing adoption of renewable energy will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on subsea production and processing market covers the following areas:

Subsea production and processing market sizing
Subsea production and processing market forecast
Subsea production and processing market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading subsea production and processing market vendors that include Aker Solutions ASA, Baker Hughes Co., Dril Quip Inc., Forum Energy Technologies Inc., Halliburton Co., HMH, Hunting Plc, NOV Inc., Oceaneering International Inc., Optime Subsea, Parker Hannifin Corp., Plexus Holdings Plc, Proserv UK Ltd., SAIPEM SpA, Schlumberger Ltd., Subsea 7 SA, TechnipFMC plc, Tenaris SA, Trendsetter Engineering Inc., and Worldwide Oilfield Machine Inc. Also, the subsea production and processing market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR40383

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market by Geography
Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
Exhibit 06: Executive Summary - Chart on Incremental Growth
Exhibit 07: Executive Summary - Data Table on Incremental Growth
Exhibit 08: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 09: Parent market
Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 11: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 12: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
Exhibit 17: Five forces analysis - Comparison between2021 and 2026
4.2 Bargaining power of buyers
Exhibit 18: Chart on Bargaining power of buyers - Impact of key factors 2021 and 2026
4.3 Bargaining power of suppliers
Exhibit 19: Bargaining power of suppliers - Impact of key factors in 2021 and 2026
4.4 Threat of new entrants
Exhibit 20: Threat of new entrants - Impact of key factors in 2021 and 2026
4.5 Threat of substitutes
Exhibit 21: Threat of substitutes - Impact of key factors in 2021 and 2026
4.6 Threat of rivalry
Exhibit 22: Threat of rivalry - Impact of key factors in 2021 and 2026
4.7 Market condition
Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

5.1 Market segments
Exhibit 24: Chart on Application - Market share 2021-2026 (%)
Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
5.2 Comparison by Application
Exhibit 26: Chart on Comparison by Application
Exhibit 27: Data Table on Comparison by Application
5.3 Shallow water - Market size and forecast 2021-2026
Exhibit 28: Chart on Shallow water - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on Shallow water - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on Shallow water - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Shallow water - Year-over-year growth 2021-2026 (%)
5.4 Deepwater - Market size and forecast 2021-2026
Exhibit 32: Chart on Deepwater - Market size and forecast 2021-2026 ($ million)
Exhibit 33: Data Table on Deepwater - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Chart on Deepwater - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Deepwater - Year-over-year growth 2021-2026 (%)
5.5 Ultra-deepwater - Market size and forecast 2021-2026
Exhibit 36: Chart on Ultra-deepwater - Market size and forecast 2021-2026 ($ million)
Exhibit 37: Data Table on Ultra-deepwater - Market size and forecast 2021-2026 ($ million)
Exhibit 38: Chart on Ultra-deepwater - Year-over-year growth 2021-2026 (%)
Exhibit 39: Data Table on Ultra-deepwater - Year-over-year growth 2021-2026 (%)
5.6 Market opportunity by Application
Exhibit 40: Market opportunity by Application ($ million)

6 Customer Landscape

6.1 Customer landscape overview
Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
Exhibit 42: Chart on Market share by geography 2021-2026 (%)
Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
7.2 Geographic comparison
Exhibit 44: Chart on Geographic comparison
Exhibit 45: Data Table on Geographic comparison
7.3 Europe - Market size and forecast 2021-2026
Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
7.4 APAC - Market size and forecast 2021-2026
Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
7.5 Middle East and Africa - Market size and forecast 2021-2026
Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
7.6 South America - Market size and forecast 2021-2026
Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
7.7 North America - Market size and forecast 2021-2026
Exhibit 62: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 63: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 64: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on North America - Year-over-year growth 2021-2026 (%)
7.8 US - Market size and forecast 2021-2026
Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
7.9 Brazil - Market size and forecast 2021-2026
Exhibit 70: Chart on Brazil - Market size and forecast 2021-2026 ($ million)
Exhibit 71: Data Table on Brazil - Market size and forecast 2021-2026 ($ million)
Exhibit 72: Chart on Brazil - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on Brazil - Year-over-year growth 2021-2026 (%)
7.10 France - Market size and forecast 2021-2026
Exhibit 74: Chart on France - Market size and forecast 2021-2026 ($ million)
Exhibit 75: Data Table on France - Market size and forecast 2021-2026 ($ million)
Exhibit 76: Chart on France - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on France - Year-over-year growth 2021-2026 (%)
7.11 UK - Market size and forecast 2021-2026
Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
7.12 Saudi Arabia - Market size and forecast 2021-2026
Exhibit 82: Chart on Saudi Arabia - Market size and forecast 2021-2026 ($ million)
Exhibit 83: Data Table on Saudi Arabia - Market size and forecast 2021-2026 ($ million)
Exhibit 84: Chart on Saudi Arabia - Year-over-year growth 2021-2026 (%)
Exhibit 85: Data Table on Saudi Arabia - Year-over-year growth 2021-2026 (%)
7.13 Market opportunity by geography
Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers
8.2 Market challenges
8.3 Impact of drivers and challenges
Exhibit 87: Impact of drivers and challenges in 2021 and 2026
8.4 Market trends

9 Vendor Landscape

9.1 Overview
9.2 Vendor landscape
Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
9.3 Landscape disruption
Exhibit 89: Overview on factors of disruption
9.4 Industry risks
Exhibit 90: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
Exhibit 91: Vendors covered
10.2 Market positioning of vendors
Exhibit 92: Matrix on vendor position and classification
10.3 Aker Solutions ASA
Exhibit 93: Aker Solutions ASA - Overview
Exhibit 94: Aker Solutions ASA - Business segments
Exhibit 95: Aker Solutions ASA - Key offerings
Exhibit 96: Aker Solutions ASA - Segment focus
10.4 Baker Hughes Co.
Exhibit 97: Baker Hughes Co. - Overview
Exhibit 98: Baker Hughes Co. - Business segments
Exhibit 99: Baker Hughes Co. - Key news
Exhibit 100: Baker Hughes Co. - Key offerings
Exhibit 101: Baker Hughes Co. - Segment focus
10.5 Dril Quip Inc.
Exhibit 102: Dril Quip Inc. - Overview
Exhibit 103: Dril Quip Inc. - Business segments
Exhibit 104: Dril Quip Inc. - Key offerings
Exhibit 105: Dril Quip Inc. - Segment focus
10.6 Hunting Plc
Exhibit 106: Hunting Plc - Overview
Exhibit 107: Hunting Plc - Business segments
Exhibit 108: Hunting Plc - Key offerings
Exhibit 109: Hunting Plc - Segment focus
10.7 NOV Inc.
Exhibit 110: NOV Inc. - Overview
Exhibit 111: NOV Inc. - Business segments
Exhibit 112: NOV Inc. - Key news
Exhibit 113: NOV Inc. - Key offerings
Exhibit 114: NOV Inc. - Segment focus
10.8 Oceaneering International Inc.
Exhibit 115: Oceaneering International Inc. - Overview
Exhibit 116: Oceaneering International Inc. - Business segments
Exhibit 117: Oceaneering International Inc. - Key offerings
Exhibit 118: Oceaneering International Inc. - Segment focus
10.9 SAIPEM SpA
Exhibit 119: SAIPEM SpA - Overview
Exhibit 120: SAIPEM SpA - Business segments
Exhibit 121: SAIPEM SpA - Key offerings
Exhibit 122: SAIPEM SpA - Segment focus
10.10 Schlumberger Ltd.
Exhibit 123: Schlumberger Ltd. - Overview
Exhibit 124: Schlumberger Ltd. - Business segments
Exhibit 125: Schlumberger Ltd. - Key offerings
Exhibit 126: Schlumberger Ltd. - Segment focus
10.11 TechnipFMC plc
Exhibit 127: TechnipFMC plc - Overview
Exhibit 128: TechnipFMC plc - Business segments
Exhibit 129: TechnipFMC plc - Key offerings
Exhibit 130: TechnipFMC plc - Segment focus
10.12 Worldwide Oilfield Machine Inc.
Exhibit 131: Worldwide Oilfield Machine Inc. - Overview
Exhibit 132: Worldwide Oilfield Machine Inc. - Product / Service
Exhibit 133: Worldwide Oilfield Machine Inc. - Key offerings

11 Appendix

11.1 Scope of the report
11.2 Inclusions and exclusions checklist
Exhibit 134: Inclusions checklist
Exhibit 135: Exclusions checklist
11.3 Currency conversion rates for US$
Exhibit 136: Currency conversion rates for US$
11.4 Research methodology
Exhibit 137: Research methodology
Exhibit 138: Validation techniques employed for market sizing
Exhibit 139: Information sources
11.5 List of abbreviations
Exhibit 140: List of abbreviations
- In 2021, Brazil was the key contributing country to the subsea production and processing market in South America. The market in South America is expected to grow steadily, owing to the significant potential of subsea oil and gas production in the region.