Market Overview:
The global subsea pumping system market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for oil and gas across the globe. Additionally, the increase in exploration and production activities in deepwater and ultra-deepwater regions is also contributing to the growth of this market. The helical axial flow type pumping system segment is expected to dominate the global subsea pumping system market during the forecast period. This segment accounted for a majority share of the global subsea pumping system market in 2017 and is projected to grow at a CAGR of 5.8% from 2018 to 2030.
Product Definition:
A subsea pumping system is a device that is used to pump fluid from one location to another. The fluid may be oil, gas, or water. The subsea pumping system may be used to transfer the fluid from a well on land to an offshore production platform, or it may be used to transfer the fluid between different parts of an offshore production platform.
Helical Axial Flow Type Pumping System:
Helical axial flow (HAF) is a subsea pumping system, which uses centrifugal force to move fluids. The pump impellers are mounted at the center of a three-dimensional rotor with its axis horizontal and its rotation powered by electric motors. As the fluid is pushed out from the center, it flows in an anticlockwise direction around the perimeter of the rotor and then returns towards its original position due to natural tendency of fluids to go towards lowest point.
Twin Screw Type Pumping System:
A twin screw type pumping system is a closed circulation pump system which consists of two independent rotating screws mounted together to form a cross-flow. The advantage of this type of pumping system is that it can be used for both offshore and onshore applications, thus making it one of the most preferred systems in the market.
The major application areas where twin screw pumps are used include subsea oil & gas production, refining, processing and transportation as well as petrochemical plants.
Application Insights:
The global subsea pumping system market is segmented by application into subsea boosting, subsea separation, subsea injection and gas compression. The surging demand for crude oil from the Middle East and Africa to feed refineries has resulted in an increased number of wells across the region. This factor is anticipated to boost the use of these systems in future thereby driving their demand over the forecast period.
Substantial investment made by various companies including Siemens Gamesa, Fluids & Power Ltd., Mitsubishi Electric Corporation and ABB for developing new technologies that improve operational efficiency is expected to drive product demand in near future. For instance, Siemens¢â‚¬â„¢ recent development of a turbine with integrated pump that can be deployed at depths up to 300 m below sea level represents a significant technological advancement enabling cost-effective deployment even at extreme depths.
Regional Analysis:
Asia Pacific region dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of major oil & gas E&P companies such as Total SA, ExxonMobil Corp., China National Offshore Oil Corporation (CNOOC), and ConocoPhillips; coupled with increasing government support for offshore projects in countries such as India, Indonesia, Vietnam, Philippines, Malaysia etc.; are some of the factors anticipated to drive regional growth.
The Middle East & Africa is estimated to be the fastest-growing regional market from 2018 to 2030 owing to increasing exploration activities off coast of Angola and Nigeria along with growing demand for oil across various industries including automotive industry. Moreover subsea separation applications are witnessing significant growth due to ongoing developments in unconventional hydrocarbon resources development which includes shale gas reserves found under deepwater Gulf of Mexico shelf area that can be utilized using modern helical axial flow subsea pumping systems technology.
Growth Factors:
- Increasing demand for oil and gas due to population growth and industrialization
- Rising investment in offshore drilling and production activities
- Proliferation of subsea infrastructure projects worldwide
- Technological advancements in subsea pumping systems that improve performance and efficiency
- Growing awareness about the benefits of using subsea pumping systems among end users
Scope Of The Report
Report Attributes
Report Details
Report Title
Subsea Pumping System Market Research Report
By Type
Helical Axial Flow Type Pumping System, Twin Screw Type Pumping System
By Application
Subsea Boosting, Subsea Separation, Subsea Injection, Gas Compression
By Companies
Aker Solutions, GE(Baker Hughes), Flowserve Corporation, FMC Technologies, GE, ITT Bornemann, OneSubsea, SPX Corporation, Sulzer, Leistritz
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
215
Number of Tables & Figures
151
Customization Available
Yes, the report can be customized as per your need.
Global Subsea Pumping System Market Report Segments:
The global Subsea Pumping System market is segmented on the basis of:
Types
Helical Axial Flow Type Pumping System, Twin Screw Type Pumping System
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Subsea Boosting, Subsea Separation, Subsea Injection, Gas Compression
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Aker Solutions
- GE(Baker Hughes)
- Flowserve Corporation
- FMC Technologies
- GE
- ITT Bornemann
- OneSubsea
- SPX Corporation
- Sulzer
- Leistritz
Highlights of The Subsea Pumping System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Helical Axial Flow Type Pumping System
- Twin Screw Type Pumping System
- By Application:
- Subsea Boosting
- Subsea Separation
- Subsea Injection
- Gas Compression
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Subsea Pumping System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A subsea pumping system is a type of oil and gas production infrastructure that uses water to move hydrocarbons from the reservoir to the surface. Subsea systems are typically used in offshore environments where access to land is not possible or prohibitively expensive.
Some of the major players in the subsea pumping system market are Aker Solutions, GE(Baker Hughes), Flowserve Corporation, FMC Technologies, GE, ITT Bornemann, OneSubsea, SPX Corporation, Sulzer, Leistritz.
The subsea pumping system market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Subsea Pumping System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Subsea Pumping System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Subsea Pumping System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Subsea Pumping System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Subsea Pumping System Market Size & Forecast, 2020-2028
4.5.1 Subsea Pumping System Market Size and Y-o-Y Growth
4.5.2 Subsea Pumping System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Helical Axial Flow Type Pumping System
5.2.2 Twin Screw Type Pumping System
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Subsea Boosting
6.2.2 Subsea Separation
6.2.3 Subsea Injection
6.2.4 Gas Compression
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Subsea Pumping System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Subsea Pumping System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Helical Axial Flow Type Pumping System
9.6.2 Twin Screw Type Pumping System
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Subsea Boosting
9.10.2 Subsea Separation
9.10.3 Subsea Injection
9.10.4 Gas Compression
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Helical Axial Flow Type Pumping System
10.6.2 Twin Screw Type Pumping System
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Subsea Boosting
10.10.2 Subsea Separation
10.10.3 Subsea Injection
10.10.4 Gas Compression
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Helical Axial Flow Type Pumping System
11.6.2 Twin Screw Type Pumping System
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Subsea Boosting
11.10.2 Subsea Separation
11.10.3 Subsea Injection
11.10.4 Gas Compression
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Helical Axial Flow Type Pumping System
12.6.2 Twin Screw Type Pumping System
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Subsea Boosting
12.10.2 Subsea Separation
12.10.3 Subsea Injection
12.10.4 Gas Compression
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Helical Axial Flow Type Pumping System
13.6.2 Twin Screw Type Pumping System
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Subsea Boosting
13.10.2 Subsea Separation
13.10.3 Subsea Injection
13.10.4 Gas Compression
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Subsea Pumping System Market: Competitive Dashboard
14.2 Global Subsea Pumping System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Aker Solutions
14.3.2 GE(Baker Hughes)
14.3.3 Flowserve Corporation
14.3.4 FMC Technologies
14.3.5 GE
14.3.6 ITT Bornemann
14.3.7 OneSubsea
14.3.8 SPX Corporation
14.3.9 Sulzer
14.3.10 Leistritz
