Global Subsea Pumps Market, By Type (Helico-Axial, ESP, Centrifugal, Twin-Screw, Hybrid, Counter-Ax

Published Date: | Report Code : EP1958385


Global Subsea Pumps Market, By Type (Helico-Axial, ESP, Centrifugal, Twin-Screw, Hybrid, Counter-Axial, Other), By Application (Subsea Boosting, Subsea Injection, Subsea Separation, Subsea Gas Compression, Other), By Region (North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, Rest of the World) – Market Size & Forecasting(2016-2025)

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Domain : Energy

Report Code : EP1958385

Status : Upcoming

The Subsea Pump is an equipment that is used for boosting either hydrocarbon fluids or water. This equipment is fully submerged in the ocean. It helps in reducing backpressure on the reservoirs, which results in increasing flow rates and total recoverable reserves. Subsea pumps are arranged in vertically with an oil-filled motor, which is normally installed at the top. The global subsea pumps market is expected high demand due to the high oil production in the Middle East and North Africa along with factors such as rise in exploration across subsea oil & gas exploration sites. However, the decline of shallow and onshore oil & gas reserves which force the companies to increase their focus on deepwater reserves. The challenges for this market are volatile crude oil prices and uncertain offshore drilling investments.

Segment Analysis

The global subsea pumps market is segmented based on type and application. On the basis of type, it is divided into helico-axial, electrical submersible pump (ESP), centrifugal, twin screw, hybrid, and counter-axial. The global subsea pumps market is expected to boom in Europe due to the offshore activity in the Russian fields and the fields in the North Sea adjoining the United Kingdom and Norway. This market is also anticipated to grow rapidly in the Middle East and Africa because of the high production of oil.

Key Factors Impacting Market Growth:
    • Maturing onshore oilfields coupled with growing energy demand
    • Discovery of commercially viable offshore hydrocarbon reservoirs 

Regional Analysis:

The regional outlook for subsea pump market provides detailed information for markets including North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World. North America and Western Europe are estimated to be key regions for subsea pump market during the forecast period. Being one of the industrialized regions, the energy & power sector is key to the operations of various industries in this region. This is one of the important factors governing the growth of subsea pump market in these regions. 

Some of the major countries covered in this region include US, Germany, UK, France, Italy, Canada, and so on. Asia Pacific is estimated one of the fastest growing regions for subsea pump market during the forecast period. Some of the fastest growing economies and increasing demand for energy & power to cater high population & industries is expected to drive the demand in this region. China and India are projected to register major demand during the forecast period. Middle East that includes UAE, Saudi Arabia, Iran, Qatar, and others promises high market potential during the forecast period. Rest of the World including South America and Africa are emerging regions in terms of market demand during the forecast period.

Companies Covered: Aker Solutions ASA, Baker Hughes A GE Co, Halliburton Company, Schlumberger Limited, Weatherford International PLC, National-Oilwell Varco Inc., Oceaneering International, TechnipFMC PLC, Kerui Group Co. Ltd and Rongsheng Machinery Manufacture Ltd...

Market Segmentation:
By Type:
    • Helico-Axial
    • ESP, Centrifugal
    • Twin-Screw
    • Hybrid
    • Counter-Axial
    • Other

By Application:
    • Subsea Boosting
    • Subsea Injection
    • Subsea Separation
    • Subsea Gas Compression
    • Other

By Region:
    • North America
        ◦ By Country (US, Canada, Mexico)
        ◦ By Type
        ◦ By Application
    • Western Europe
        ◦ By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
        ◦ By Type
        ◦ By Application
    • Eastern Europe
        ◦ By Country (Russia, Turkey, Rest of Eastern Europe)
        ◦ By Type
        ◦ By Application
    • Asia Pacific
        ◦ By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
        ◦ By Type
        ◦ By Application
    • Middle East 
        ◦ By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
        ◦ By Type
        ◦ By Application
    • Rest of the World
        ◦ By Region (South America, Africa)
        ◦ By Type
        ◦ By Application

Reasons To Buy This Report:
    • Market size estimation of the global subsea pumps market on a regional and global basis 
    • Unique research design for market size estimation and forecast 
    • Profiling of major companies operating in the market with key developments
    • Broad scope to cover all the possible segments helping every stakeholder in the market

We provide customization of the study to meet specific requirements:
    • By Segment 
    • By Sub-segment 
    • By Region/Country
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