Market Overview:
The global subsea tensioner market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for subsea tensioners in the oil and gas industry for various applications such as subsea construction, subsea maintenance, and others. Based on type, the global subsea tensioner market can be segmented into compact type and non-compact type. The compact type segment is expected to hold a larger share of the market during the forecast period owing to its high performance and low weight characteristics. Based on application, the global subsea tensioner market can be divided into three segments:sub sea construction,sub sea maintenance,and others. The Others segment includes pipeline installation & repairs, umbilical laying & repairs etc.
Product Definition:
A subsea tensioner is a device used to apply tension to a line or cable. This is important for maintaining the position of pipelines, cables, and other underwater infrastructure.
Compact Type:
Compact type is a device used to lower the subsea pressure in oil & gas wells. It works by creating a vacuum that draws oil up to the surface where it can be recovered using an artificial lift system. The compact type tensioner market has witnessed significant growth over the past few years owing to its rising demand from onshore and offshore drilling activities across various regions including North America, Asia Pacific, Europe, and MEA.
Non-Compact Type:
Non-compact type is a method used to measure the force in subsea wells. It uses a cable that is wound around the wellbore and attached to an instrument at the surface. As oil or gas rises in response to pumping, the weight on the cable causes it to unwind and transmit data about depth, temperature, pressure etc. This technology has been around for many years but has recently undergone significant technological advancements resulting into more efficient products with higher accuracy levels.
Application Insights:
The subsea construction segment accounted for the largest revenue share of over 40% in 2017. The segment is expected to witness significant growth owing to the rising demand for deep-water infrastructure, such as pipelines and platforms. Tensioners are used in various types of structures, including tension leg platforms, floating production storage and offloading units (FPSO), fixed production storage units (FPSU), mobile offshore drilling units (MODUs) and others.
Non-compact type dominates the market due to its ability to withstand high stress levels without failure or damage. Compact type is widely used in tensioner applications as they provide higher reliability at a lower cost than non-compact types do. However, non-compact type has a higher installation cost than compact ones do since it requires fewer components on account of its simpler design structure compared with compact types do.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth of this region can be attributed to increasing offshore projects in countries, such as China and India. For instance, according to OGAE 2016 World Energy Outlook, China’s energy consumption increased by 11% from 2005 to 2013 while its energy production grew by 16%. This resulted in a rise in coal and gas imports which was used for power generation. However, with an aim towards reducing pollution levels and greenhouse emissions caused by fossil fuels, the government of China has undertaken numerous initiatives such as “13th Five Year Plan†that focus on shifting its economy toward renewable sources of energy such as wind and solar power generation for electricity generation along with other industrial applications like water desalination plants & oil well drilling platforms etc.
Growth Factors:
- Increasing demand for subsea production systems from the oil and gas industry
- Rising investments in subsea infrastructure development
- Proliferation of deepwater and ultra-deepwater drilling activities
- Growing popularity of subsea tensioners as a replacement for traditional mooring systems
- Technological advancements in tensioner design and manufacturing
Scope Of The Report
Report Attributes
Report Details
Report Title
Subsea Tensioner Market Research Report
By Type
Compact Type, Non-Compact Type
By Application
Subsea Construction, Subsea Maintenance, Others
By Companies
Hydratight, HYTORC, Atlas Copco, Hydraulics Technology Inc, HTL Group, Nord-Lock International, SPX Flow, Tri-Star, FPT Fluid Power Technology, Chaosheng
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
205
Number of Tables & Figures
144
Customization Available
Yes, the report can be customized as per your need.
Global Subsea Tensioner Market Report Segments:
The global Subsea Tensioner market is segmented on the basis of:
Types
Compact Type, Non-Compact Type
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 Construction, Subsea Maintenance, Others
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:
- Hydratight
- HYTORC
- Atlas Copco
- Hydraulics Technology Inc
- HTL Group
- Nord-Lock International
- SPX Flow
- Tri-Star
- FPT Fluid Power Technology
- Chaosheng
Highlights of The Subsea Tensioner 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:
- Compact Type
- Non-Compact Type
- By Application:
- Subsea Construction
- Subsea Maintenance
- Others
- 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 Tensioner 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.
How you may use our products:
- 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 tensioner is a device used to maintain the desired pressure on a pipeline.
Some of the major players in the subsea tensioner market are Hydratight, HYTORC, Atlas Copco, Hydraulics Technology Inc, HTL Group, Nord-Lock International, SPX Flow, Tri-Star, FPT Fluid Power Technology, Chaosheng.
The subsea tensioner market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Subsea Tensioner 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 Tensioner Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Subsea Tensioner 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 Tensioner 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 Tensioner Market Size & Forecast, 2018-2028
4.5.1 Subsea Tensioner Market Size and Y-o-Y Growth
4.5.2 Subsea Tensioner Market Absolute $ Opportunity
Chapter 5 Global Subsea Tensioner 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 Subsea Tensioner Market Size Forecast by Type
5.2.1 Compact Type
5.2.2 Non-Compact Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Subsea Tensioner 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 Subsea Tensioner Market Size Forecast by Applications
6.2.1 Subsea Construction
6.2.2 Subsea Maintenance
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Subsea Tensioner 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 Tensioner 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 Subsea Tensioner Analysis and Forecast
9.1 Introduction
9.2 North America Subsea Tensioner 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 Subsea Tensioner Market Size Forecast by Type
9.6.1 Compact Type
9.6.2 Non-Compact Type
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 Subsea Tensioner Market Size Forecast by Applications
9.10.1 Subsea Construction
9.10.2 Subsea Maintenance
9.10.3 Others
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 Subsea Tensioner Analysis and Forecast
10.1 Introduction
10.2 Europe Subsea Tensioner 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 Subsea Tensioner Market Size Forecast by Type
10.6.1 Compact Type
10.6.2 Non-Compact Type
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 Subsea Tensioner Market Size Forecast by Applications
10.10.1 Subsea Construction
10.10.2 Subsea Maintenance
10.10.3 Others
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 Subsea Tensioner Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Subsea Tensioner 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 Subsea Tensioner Market Size Forecast by Type
11.6.1 Compact Type
11.6.2 Non-Compact Type
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 Subsea Tensioner Market Size Forecast by Applications
11.10.1 Subsea Construction
11.10.2 Subsea Maintenance
11.10.3 Others
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 Subsea Tensioner Analysis and Forecast
12.1 Introduction
12.2 Latin America Subsea Tensioner 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 Subsea Tensioner Market Size Forecast by Type
12.6.1 Compact Type
12.6.2 Non-Compact Type
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 Subsea Tensioner Market Size Forecast by Applications
12.10.1 Subsea Construction
12.10.2 Subsea Maintenance
12.10.3 Others
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) Subsea Tensioner Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Subsea Tensioner 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) Subsea Tensioner Market Size Forecast by Type
13.6.1 Compact Type
13.6.2 Non-Compact Type
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) Subsea Tensioner Market Size Forecast by Applications
13.10.1 Subsea Construction
13.10.2 Subsea Maintenance
13.10.3 Others
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 Tensioner Market: Competitive Dashboard
14.2 Global Subsea Tensioner Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hydratight
14.3.2 HYTORC
14.3.3 Atlas Copco
14.3.4 Hydraulics Technology Inc
14.3.5 HTL Group
14.3.6 Nord-Lock International
14.3.7 SPX Flow
14.3.8 Tri-Star
14.3.9 FPT Fluid Power Technology
14.3.10 Chaosheng
