Market Overview:
The global subsea tree systems market is expected to grow from USD 1.5 billion in 2018 to USD 3.2 billion by 2030, at a CAGR of 10.8% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for oil and gas across the globe and rising investments in deepwater and ultra-deepwater oil & gas fields. Based on type, the global subsea tree systems market is segmented into dual bore subsea trees, standard configurable trees (SCTs), high pressure high temperature trees (HPHT), and others. The SCTs segment is projected to lead the global subsea tree systems market during the forecast period owing to its low installation cost as compared with other types of subsea trees available in the market. Based on application, the global subsea tree systems market is segmented into shallow water oil & gas fields, deepwater oil & gas fields, ultra deepwater oil & gas fields, and others.
Product Definition:
A subsea tree system is a collection of valves, spools, and connectors used to control the flow of fluids in an oil or gas production system. The components are mounted on a frame that is lowered into a wellhead on the seafloor. The subsea tree system allows for the deployment of multiple production lines from a single wellhead and provides an efficient way to manage fluid flows in complex offshore production systems.
Dual Bore Subsea Tree:
Dual bore subsea tree, also known as the “doubler” or “daisy chain” is a series of connected subsea equipment used to increase the production capacity in offshore oil and gas wells. The first type of dual-bore system was developed by Shell in England and has been used since then for various applications across the world.
Standard Configurable Trees (SCTs):
The global standard configurable trees (SCTs) and it's usage in subsea tree systems market size was valued at USD 6.5 billion in 2016. The increasing demand for efficient and flexible subsea drilling solutions is expected to drive the SCTs market over the forecast period.
Subsea drilling activities are highly cost-intensive, which makes them a lucrative target for offshore oil & gas producers as well as investment firms with high return on investments requirements.
Application Insights:
The global subsea tree systems market is segmented by application into shallow water oil & gas fields, deepwater oil & gas fields, and ultra-deepwater oil & gas fields. The shallow water oil &gas field segment accounted for the largest share in 2017 and is expected to witness a CAGR of XX% from 2018 to 2030.
Shallow waters are those that are located below the seabed up to a certain depth where hydrocarbons can be extracted using muds or oils as drilling fluids. These types of wells require little or no intervention after the well has been drilled; however, they may require periodic maintenance if they have been operating for an extended period of time.
Regional Analysis:
Asia Pacific region dominated the global market in terms of revenue in 2017. The presence of major oil & gas E&P companies such as Total SA, ExxonMobil Corp., and ConocoPhillips is expected to drive subsea tree system demand over the forecast period. In addition, increasing offshore drilling activities due to favorable government regulations are also expected to boost regional product demand over the forecast period.
North America accounted for a significant share of revenue in 2017 owing to high deepwater drilling activities along with growing shale exploration projects off the coast of Louisiana and Mississippi (U.S.). Furthermore, technological advancements coupled with rising offshore wellhead costs are anticipated to further increase North American players' inclination towards subsea tree systems technology development projects thereby driving regional growth during the projected period.
The Middle East & Africa region is anticipated witness substantial growth over the next eight years owing its continuous efforts for hydrocarbon resource development through various unconventional means such as enhanced oil recovery (EOR).
Growth Factors:
- Increasing demand for oil and gas due to population growth and industrialization
- Rising investment in subsea infrastructure development
- Proliferation of new deepwater exploration projects
- Advances in technology that enable more efficient production from subsea wells
- Growing focus on environmental sustainability and reducing greenhouse gas emissions
Scope Of The Report
Report Attributes
Report Details
Report Title
Subsea Tree Systems Market Research Report
By Type
Dual Bore Subsea Tree, Standard Configurable Trees (SCTs), High Pressure High Temperature Trees (HPHT), Others
By Application
Shallow Water Oil & Gas Fields, Deepwater Oil & Gas Fields, Ultra Deepwater Oil & Gas Fields
By Companies
Baker Hughes, Schlumberger (OneSubsea&Cameron), Aker Solutions, Solar Alert, TechnipFMC, Expro Group, Dril-Quip, MSP/DRILEX, Shenkai, Jiangshu Jinshi, Baker Hughes, PROFI
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
217
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Subsea Tree Systems Market Report Segments:
The global Subsea Tree Systems market is segmented on the basis of:
Types
Dual Bore Subsea Tree, Standard Configurable Trees (SCTs), High Pressure High Temperature Trees (HPHT), Others
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
Shallow Water Oil & Gas Fields, Deepwater Oil & Gas Fields, Ultra Deepwater Oil & Gas Fields
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:
- Baker Hughes
- Schlumberger (OneSubsea&Cameron)
- Aker Solutions
- Solar Alert
- TechnipFMC
- Expro Group
- Dril-Quip
- MSP/DRILEX
- Shenkai
- Jiangshu Jinshi
- Baker Hughes
- PROFI
Highlights of The Subsea Tree Systems 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:
- Dual Bore Subsea Tree
- Standard Configurable Trees (SCTs)
- High Pressure High Temperature Trees (HPHT)
- Others
- By Application:
- Shallow Water Oil & Gas Fields
- Deepwater Oil & Gas Fields
- Ultra Deepwater Oil & Gas Fields
- 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 Tree Systems 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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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?
Subsea Tree Systems is a global provider of innovative technology and services for the offshore oil and gas industry. The company's products include subsea tree systems, which are used to install fiber optic cables in harsh environments. Subsea Tree Systems also provides services such as cable installation, maintenance, and repair.
Some of the major companies in the subsea tree systems market are Baker Hughes, Schlumberger (OneSubsea&Cameron), Aker Solutions, Solar Alert, TechnipFMC, Expro Group, Dril-Quip, MSP/DRILEX, Shenkai, Jiangshu Jinshi, Baker Hughes, PROFI.
The subsea tree systems market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Subsea Tree Systems 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 Tree Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Subsea Tree Systems 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 Tree Systems 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 Tree Systems Market Size & Forecast, 2018-2028
4.5.1 Subsea Tree Systems Market Size and Y-o-Y Growth
4.5.2 Subsea Tree Systems Market Absolute $ Opportunity
Chapter 5 Global Subsea Tree Systems 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 Tree Systems Market Size Forecast by Type
5.2.1 Dual Bore Subsea Tree
5.2.2 Standard Configurable Trees (SCTs)
5.2.3 High Pressure High Temperature Trees (HPHT)
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Subsea Tree Systems 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 Tree Systems Market Size Forecast by Applications
6.2.1 Shallow Water Oil & Gas Fields
6.2.2 Deepwater Oil & Gas Fields
6.2.3 Ultra Deepwater Oil & Gas Fields
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Subsea Tree Systems 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 Tree Systems 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 Tree Systems Analysis and Forecast
9.1 Introduction
9.2 North America Subsea Tree Systems 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 Tree Systems Market Size Forecast by Type
9.6.1 Dual Bore Subsea Tree
9.6.2 Standard Configurable Trees (SCTs)
9.6.3 High Pressure High Temperature Trees (HPHT)
9.6.4 Others
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 Tree Systems Market Size Forecast by Applications
9.10.1 Shallow Water Oil & Gas Fields
9.10.2 Deepwater Oil & Gas Fields
9.10.3 Ultra Deepwater Oil & Gas Fields
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 Tree Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Subsea Tree Systems 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 Tree Systems Market Size Forecast by Type
10.6.1 Dual Bore Subsea Tree
10.6.2 Standard Configurable Trees (SCTs)
10.6.3 High Pressure High Temperature Trees (HPHT)
10.6.4 Others
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 Tree Systems Market Size Forecast by Applications
10.10.1 Shallow Water Oil & Gas Fields
10.10.2 Deepwater Oil & Gas Fields
10.10.3 Ultra Deepwater Oil & Gas Fields
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 Tree Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Subsea Tree Systems 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 Tree Systems Market Size Forecast by Type
11.6.1 Dual Bore Subsea Tree
11.6.2 Standard Configurable Trees (SCTs)
11.6.3 High Pressure High Temperature Trees (HPHT)
11.6.4 Others
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 Tree Systems Market Size Forecast by Applications
11.10.1 Shallow Water Oil & Gas Fields
11.10.2 Deepwater Oil & Gas Fields
11.10.3 Ultra Deepwater Oil & Gas Fields
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 Tree Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Subsea Tree Systems 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 Tree Systems Market Size Forecast by Type
12.6.1 Dual Bore Subsea Tree
12.6.2 Standard Configurable Trees (SCTs)
12.6.3 High Pressure High Temperature Trees (HPHT)
12.6.4 Others
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 Tree Systems Market Size Forecast by Applications
12.10.1 Shallow Water Oil & Gas Fields
12.10.2 Deepwater Oil & Gas Fields
12.10.3 Ultra Deepwater Oil & Gas Fields
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 Tree Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Subsea Tree Systems 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 Tree Systems Market Size Forecast by Type
13.6.1 Dual Bore Subsea Tree
13.6.2 Standard Configurable Trees (SCTs)
13.6.3 High Pressure High Temperature Trees (HPHT)
13.6.4 Others
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 Tree Systems Market Size Forecast by Applications
13.10.1 Shallow Water Oil & Gas Fields
13.10.2 Deepwater Oil & Gas Fields
13.10.3 Ultra Deepwater Oil & Gas Fields
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 Tree Systems Market: Competitive Dashboard
14.2 Global Subsea Tree Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Baker Hughes
14.3.2 Schlumberger (OneSubsea&Cameron)
14.3.3 Aker Solutions
14.3.4 Solar Alert
14.3.5 TechnipFMC
14.3.6 Expro Group
14.3.7 Dril-Quip
14.3.8 MSP/DRILEX
14.3.9 Shenkai
14.3.10 Jiangshu Jinshi
14.3.11 Baker Hughes
14.3.12 PROFI
