Subsea Manifolds Market by Application - Global Industry Analysis and Forecast to 2023
Published On : February 2018 Pages : 80 Category: Packaging Report Code : CM02582
Industry Trend Analysis
The global Subsea Manifolds Market was worth USD 2.89 billion in 2017 and is expected to reach approximately USD 4.60 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 5.31% during the forecast period. With headways in innovation, oil and gas administrators are continuously using subsea advancements for the improvement of seaward hydrocarbon holds. Subsea advances are outlined, considering the brutal working conditions in deep water territories and can be redone relying upon the dirt properties. In the current years, greater part of the hydrocarbon disclosures made in seaward territories was situated in deep water. Accordingly, subsea advancements are swinging to be more alluring than regular topside creation innovations. Oil and gas investigation organizations working in seaward creating fields with substantial oils and low supply weights incline toward introducing subsea advances for accomplishing streamlined generation levels. Subsea complex frameworks are key hardware, which are intended to coordinate the spill out of subsea generation wells into various creation flow line headers. Subsea manifolds shape a basic piece of subsea creation frameworks as they enable administrators to adjust to changing working conditions.
Application Outlook and Trend Analysis
On the Basis of Application, subsea manifolds market is segmented into Production and Offshore. The adaptable outline of the subsea manifolds enables the administrators to set up stream line associations, and furthermore empowers the gas lift conveyance, from different wells in the meantime. These frameworks can be used to achieve vertical or flat stream line associations. The advantages and highlights of the vertical stream line associations incorporate smaller basic plan, guide mounting to the coveted establishment, configurable by methods for retrievable or inner pigging circles for round-trip pigging, and establishment of a streamlined jumper.
Regional Outlook and Trend Analysis
Asia-Pacific is anticipated to rule the subsea manifolds market amid the forecast period, owing expanding acreages in shale bowls combined with governments intends to extend the current creation limit of the shale gas in this district is required to drive the market development in this area.
Competitive Insights
The leading players in the market are Weatherford International Inc., Halliburton Company, Baker Hughes Incorporated, Schlumberger Limited, and Trendsetter Engineering. New contracts and product launches were the major development factors implemented by the organizations in the subsea manifolds market.
The Subsea Manifolds Market is segmented as follows-
By Application:
- Production
- Offshore
By Region
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest of Asia Pacific
- Rest of the World
- Brazil
- South Africa
- Saudi Arabia
- United Arab Emirates
- Others
Some of the key questions answered by the report are:
- What was the market size in 2017 and forecast from 2017 to 2023?
- What will be the industry market growth from 2017 to 2023?
- What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
- What are the major segments leading the market growth and why?
- Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Market Classification
- Subsea Manifolds Market, By Application, Estimates and Forecast, 2014-2023($Million)
- Production
- Offshore
- Subsea Manifolds Market, By Region, Estimates and Forecast, 2014-2023($Million)
- North America
- North America Subsea Manifolds Market, By Country
- North America Subsea Manifolds Market, By Application
- U.S. Subsea Manifolds Market, By Application
- Canada Subsea Manifolds Market, By Application
- Mexico Subsea Manifolds Market, By Application
-
- Europe
- Europe Subsea Manifolds Market, By Country
- Europe Subsea Manifolds Market, By Application
- Germany Subsea Manifolds Market, By Application
- France Subsea Manifolds Market, By Application
- UK Subsea Manifolds Market, By Application
- Italy Subsea Manifolds Market, By Application
- Spain Subsea Manifolds Market, By Application
- Rest of Europe Subsea Manifolds Market, By Application
-
- Asia-Pacific
- Asia-Pacific Subsea Manifolds Market, By Country
- Asia-Pacific Subsea Manifolds Market, By Application
- Japan Subsea Manifolds Market, By Application
- Australia Subsea Manifolds Market, By Application
- India Subsea Manifolds Market, By Application
- South Korea Subsea Manifolds Market, By Application
- Rest of Asia-Pacific Subsea Manifolds Market, By Application
- Asia-Pacific
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- Rest of the World
- Rest of the World Subsea Manifolds Market, By Country
- Rest of the World Subsea Manifolds Market, By Application
- Brazil Subsea Manifolds Market, By Application
- South Africa Subsea Manifolds Market, By Application
- Saudi Arabia Subsea Manifolds Market, By Application
- Turkey Subsea Manifolds Market, By Application
- United Arab Emirates Subsea Manifolds Market, By Application
- Others Subsea Manifolds Market, By Application
- Rest of the World
Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.1.1. Rising Demand in End-User Industries
3.2.2. Restraints
3.2.2.1. Volatile Raw Material Prices
3.2.3. Opportunities
3.2.3.1. Emerging Markets to Offer Lucrative Growth Opportunities
4. Subsea Manifolds Market, By Application
4.1. Introduction
4.2. Global Subsea Manifolds Sales, Revenue and Market Share by Application (2017-2017)
4.2.1. Global Subsea Manifolds Sales and Sales Share by Application (2017-2017)
4.2.2. Global Subsea Manifolds Revenue and Revenue Share by Application (2017-2017)
4.3. Subsea Manifolds Market Assessment and Forecast, By Application, 2017-2023
4.4. Production
4.4.1. Market Assessment and Forecast, By Region, 2017-2023($Million)
4.5. Offshore
4.5.1. Market Assessment and Forecast, By Region, 2017-2023($Million)
5. Subsea Manifolds Market , By Region
5.1. Introduction
5.2. Subsea Manifolds Market Assessment and Forecast, By Region, 2017-2023($Million)
5.3. Global Subsea Manifolds Sales, Revenue and Market Share by Regions
5.3.1. Global Subsea Manifolds Sales by Regions (2017-2017)
5.3.2. Global Subsea Manifolds Revenue by Regions (2017-2017)
5.4. North America
5.4.1. North America Subsea Manifolds Sales and Growth Rate (2017-2017)
5.4.2. Market Assessment and Forecast, By Country, 2017-2023($Million)
5.4.3. Market Assessment and Forecast, By Application, 2017-2023($Million)
5.4.4. U.S.
5.4.4.1. Market Assessment and Forecast, By Application, 2017-2023($Million)
5.4.5. Canada
5.4.5.1. Market Assessment and Forecast, By Application, 2017-2023($Million)
5.4.6. Mexico
5.4.6.1. Market Assessment and Forecast, By Application, 2017-2023($Million)
5.5. Europe
5.5.1. Europe Subsea Manifolds Sales and Growth Rate (2017-2017)
5.5.2. Market Assessment and Forecast, By Country, 2017-2023($Million)
5.5.3. Market Assessment and Forecast, By Application, 2017-2023($Million)
5.5.4. Germany
5.5.4.1. Market Assessment and Forecast, By Application, 2017-2023($Million)
5.5.5. France
5.5.5.1. Market Assessment and Forecast, By Application, 2017-2023($Million)
5.5.6. UK
5.5.6.1. Market Assessment and Forecast, By Application, 2017-2023($Million)
5.5.7. Italy
5.5.7.1. Market Assessment and Forecast, By Application, 2017-2023($Million)
5.5.8. Spain
5.5.8.1. Market Assessment and Forecast, By Application, 2017-2023($Million)
5.5.9. Rest of Europe
5.5.9.1. Market Assessment and Forecast, By Application, 2017-2023($Million)
5.6. Asia-Pacific
5.6.1. Asia-Pacific Subsea Manifolds Sales and Growth Rate (2017-2017)
5.6.2. Market Assessment and Forecast, By Country, 2017-2023($Million)
5.6.3. Market Assessment and Forecast, By Application, 2017-2023($Million)
5.6.4. Japan
5.6.4.1. Market Assessment and Forecast, By Application, 2017-2023($Million)
5.6.5. China
5.6.5.1. Market Assessment and Forecast, By Application, 2017-2023($Million)
5.6.6. Australia
5.6.6.1. Market Assessment and Forecast, By Application, 2017-2023($Million)
5.6.7. India
5.6.7.1. Market Assessment and Forecast, By Application, 2017-2023($Million)
5.6.8. South Korea
5.6.8.1. Market Assessment and Forecast, By Application, 2017-2023($Million)
5.6.9. Rest of Asia-Pacific
5.6.9.1. Market Assessment and Forecast, By Application, 2017-2023($Million)
5.7. Rest of the World
5.7.1. Rest of the World Subsea Manifolds Sales and Growth Rate (2017-2017)
5.7.2. Market Assessment and Forecast, By Country, 2017-2023($Million)
5.7.3. Market Assessment and Forecast, By Application, 2017-2023($Million)
5.7.4. Brazil
5.7.4.1. Market Assessment and Forecast, By Application, 2017-2023($Million)
5.7.5. Turkey
5.7.5.1. Market Assessment and Forecast, By Application, 2017-2023($Million)
5.7.6. Saudi Arabia
5.7.6.1. Market Assessment and Forecast, By Application, 2017-2023($Million)
5.7.7. South Africa
5.7.7.1. Market Assessment and Forecast, By Application, 2017-2023($Million)
5.7.8. United Arab Emirates
5.7.8.1. Market Assessment and Forecast, By Application, 2017-2023($Million)
5.7.9. Others
5.7.9.1. Market Assessment and Forecast, By Application, 2017-2023($Million)
6. Company Profiles
6.1. Schlumberger Limited
6.1.1. Business Overview
6.1.2. Product Portfolio
6.1.3. Strategic Developments
6.1.4. Subsea Manifolds Sales, Revenue and Market Share
6.2. Baker Hughes Incorporated
6.2.1. Business Overview
6.2.2. Product Portfolio
6.2.3. Strategic Developments
6.2.4. Subsea Manifolds Sales, Revenue and Market Share
6.3. Halliburton Company
6.3.1. Business Overview
6.3.2. Product Portfolio
6.3.3. Strategic Developments
6.3.4. Subsea Manifolds Sales, Revenue and Market Share
6.4. Weatherford International Inc.
6.4.1. Business Overview
6.4.2. Product Portfolio
6.4.3. Strategic Developments
6.4.4. Subsea Manifolds Sales, Revenue and Market Share
6.5. Dril-Quip Inc.
6.5.1. Business Overview
6.5.2. Product Portfolio
6.5.3. Strategic Developments
6.5.4. Subsea Manifolds Sales, Revenue and Market Share
6.6. Aker Solutions ASA
6.6.1. Business Overview
6.6.2. Product Portfolio
6.6.3. Strategic Developments
6.6.4. Subsea Manifolds Sales, Revenue and Market Share
6.7. FMC Technologies, Inc.
6.7.1. Business Overview
6.7.2. Product Portfolio
6.7.3. Strategic Developments
6.7.4. Subsea Manifolds Sales, Revenue and Market Share
6.8. General Electric
6.8.1. Business Overview
6.8.2. Product Portfolio
6.8.3. Strategic Developments
6.8.4. Subsea Manifolds Sales, Revenue and Market Share
6.9. Subsea 7 S.A.
6.9.1. Business Overview
6.9.2. Product Portfolio
6.9.3. Strategic Developments
6.9.4. Subsea Manifolds Sales, Revenue and Market Share
6.10. OneSubsea
6.10.1. Business Overview
6.10.2. Product Portfolio
6.10.3. Strategic Developments
6.10.4. Subsea Manifolds Sales, Revenue and Market Share
7. Global Subsea Manifolds Market Competition, by Manufacturer
7.1. Global Subsea Manifolds Sales and Market Share by Manufacturer (2017-2017)
7.2. Global Subsea Manifolds Revenue and Market Share by Manufacturer (2017-2017)
7.3. Top 5 Subsea Manifolds Manufacturer Market Share
7.4. Market Competition Trend
List of Tables
*You can glance through the list of Tables and Figures when you view the sample copy of Subsea Manifolds Market.
Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
Data Collection Matrix
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Data Collection Matrix |
Supply Side |
Demand Side |
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Primary Data Sources |
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Secondary Data Sources |
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Market Modeling and Forecasting
We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.
- Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
- Number of patients for particular device or medical procedure and
- Repeated use of particular device depending on health and condition of patient
- Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.
We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.
Data Validation
We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.
Data Triangulation
Industry Analysis
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Qualitative Data |
Quantitative Data (2017-2025) |
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