The global subsea systems market is estimated to be USD 15.78 Billion in 2016, and is expected to grow at a CAGR of 2.02% from 2016 to 2021. Increasing deepwater production and exploration activities and investments by emerging economies in offshore exploration are major factors driving the subsea systems market.
Objectives of the Study
To define, describe, and forecast the global subsea systems market by type, component, technology, and region
To provide detailed information regarding major factors influencing the growth of the subsea systems market (drivers, restraints, opportunities, and industry-specific challenges)
To strategically analyze the subsea systems market with respect to individual growth trends, future prospects, and contribution of each segment to the market
To strategically profile key players and comprehensively analyze their market shares and core competencies
To track and analyze competitive developments such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the subsea systems market
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Research Methodology
This research study involved the use of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global subsea systems market. Primary sources are mainly industry experts from core and related industries, preferred suppliers, manufacturers, distributors, service providers, technology developers, standard and certification organizations of companies, and organizations related to all the segments of this industry’s value chain. The points given below explain the research methodology.
• Study of annual revenue and market developments of major players that provide subsea systems
• Analysis of major applications of and demand for subsea systems in oil & gas operations
• Assessment of future trends and growth of subsea production systems and subsea processing systems
• Study of market trends in various regions/countries with regards to the components of subsea production systems used
• Study of market trends in various regions with regards to the subsea processing technologies used
• Study of contracts and developments related to the subsea systems market by key players across different regions
• Finalization of overall market sizes by triangulating the supply-side data, which includes product developments, supply chain, and annual revenues of companies manufacturing subsea systems across the globe
After arriving at the overall market size, the total market has been split into several segments and subsegments. The figure given below illustrates the breakdown of primaries conducted during the research study on the basis of company type, designation, and region.
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Target Audience:
The report’s target audience includes:
• Associations [Subsea UK, American Petroleum Institute and European Subsea Cables Association (ESCA) among others]
• Drilling contractors and production planning consultancies
• Government and research organizations
• Institutional investors
• National and local government organizations
• National Oil Companies (NOCs)
• Oilfield service companies
• Private E&P companies
• Subsea systems equipment manufactur
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