The global subsea connection systems market is expected to grow at a CAGR of 4.5% during the forecast period, from 2021 to 2030. The growth of this market is attributed to the increasing demand for subsea connections in deepwater applications and shallowater applications. The deepwater application segment is expected to grow at a CAGR of 5.2% during the forecast period, while the shallowater application segment is expected to grow at a CAGR of 3%. The flowline connection segment accounted for over 50% share in 2017 and it is projected that it will continue its dominance throughout the forecast period as well. The umbilical control connection segment accounted for over 30% share in 2017 and it is projected that it will continue its dominance throughout the forecast period as well.
Some Of The Growth Factors Of This Market:
- The increasing demand for oil and gas exploration in the offshore industry is expected to drive the subsea connection systems market.
- The need for more efficient and cost-effective solutions to connect subsea wells with onshore facilities is expected to drive the market growth.
- The increasing demand for deepwater drilling, which requires more complex subsea connection systems, is also expected to fuel the market growth over the forecast period.
- Increasing investments in offshore exploration activities by major players such as ExxonMobil Corporation, Royal Dutch Shell plc., BP plc., Chevron Corporation, Total SA, ConocoPhillips Company are also driving the market growth of subsea connection systems over the forecast period.
- Increasing focus on renewable energy sources such as wind power and solar power is also driving this market.
Industry Growth Insights published a new data on “Subsea Connection Systems Market”. The research report is titled “Subsea Connection Systems Market research by Types (Flowline Connections, Umbilical Control Connections), By Applications (Shallow-water Applications, Deepwater Applications), By Players/Companies FMC Technologies, Baker Hughes, Schlumberger, SCHOTT North America?Inc, Systems Engineering & Assessment Ltd, Subsea IMR, TE CONNECTIVITY, SEACON, Teledyne Marine, Glenair, Freudenberg Oil?Gas Technologies, AFGlobal”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Subsea Connection Systems Market Research Report
By Type
Flowline Connections, Umbilical Control Connections
By Application
Shallow-water Applications, Deepwater Applications
By Companies
FMC Technologies, Baker Hughes, Schlumberger, SCHOTT North America?Inc, Systems Engineering & Assessment Ltd, Subsea IMR, TE CONNECTIVITY, SEACON, Teledyne Marine, Glenair, Freudenberg Oil?Gas Technologies, AFGlobal
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Subsea Connection Systems Market Report Segments:
The global Subsea Connection Systems market is segmented on the basis of:
Types
Flowline Connections, Umbilical Control Connections
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 Applications, Deepwater Applications
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:
- FMC Technologies
- Baker Hughes
- Schlumberger
- SCHOTT North America?Inc
- Systems Engineering & Assessment Ltd
- Subsea IMR
- TE CONNECTIVITY
- SEACON
- Teledyne Marine
- Glenair
- Freudenberg Oil?Gas Technologies
- AFGlobal
Highlights of The Subsea Connection 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:
- Flowline Connections
- Umbilical Control Connections
- By Application:
- Shallow-water Applications
- Deepwater Applications
- 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 Connection 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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- 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?
Subsea Connection Systems is a global provider of innovative subsea connectivity solutions. We provide our customers with the most advanced and reliable technology to connect offshore platforms, production facilities and other assets in harsh environments. Our products are used by some of the world's leading oil and gas companies to improve safety, efficiency and operational performance.
Some of the major players in the subsea connection systems market are FMC Technologies, Baker Hughes, Schlumberger, SCHOTT North America?Inc, Systems Engineering & Assessment Ltd, Subsea IMR, TE CONNECTIVITY, SEACON, Teledyne Marine, Glenair, Freudenberg Oil?Gas Technologies, AFGlobal.
The subsea connection systems market is expected to register a CAGR of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Subsea Connection Systems Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Subsea Connection Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Subsea Connection Systems Market - Supply Chain
4.5. Global Subsea Connection Systems Market Forecast
4.5.1. Subsea Connection Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Subsea Connection Systems Market Size (000 Units) and Y-o-Y Growth
4.5.3. Subsea Connection Systems Market Absolute $ Opportunity
5. Global Subsea Connection Systems Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Subsea Connection Systems Market Size and Volume Forecast by Type
5.3.1. Flowline Connections
5.3.2. Umbilical Control Connections
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Subsea Connection Systems Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Subsea Connection Systems Market Size and Volume Forecast by Application
6.3.1. Shallow-water Applications
6.3.2. Deepwater Applications
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Subsea Connection Systems Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Subsea Connection Systems Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Subsea Connection Systems Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Subsea Connection Systems Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Subsea Connection Systems Demand Share Forecast, 2019-2026
9. North America Subsea Connection Systems Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Subsea Connection Systems Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Subsea Connection Systems Market Size and Volume Forecast by Application
9.4.1. Shallow-water Applications
9.4.2. Deepwater Applications
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Subsea Connection Systems Market Size and Volume Forecast by Type
9.7.1. Flowline Connections
9.7.2. Umbilical Control Connections
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Subsea Connection Systems Demand Share Forecast, 2019-2026
10. Latin America Subsea Connection Systems Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Subsea Connection Systems Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Subsea Connection Systems Market Size and Volume Forecast by Application
10.4.1. Shallow-water Applications
10.4.2. Deepwater Applications
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Subsea Connection Systems Market Size and Volume Forecast by Type
10.7.1. Flowline Connections
10.7.2. Umbilical Control Connections
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Subsea Connection Systems Demand Share Forecast, 2019-2026
11. Europe Subsea Connection Systems Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Subsea Connection Systems Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Subsea Connection Systems Market Size and Volume Forecast by Application
11.4.1. Shallow-water Applications
11.4.2. Deepwater Applications
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Subsea Connection Systems Market Size and Volume Forecast by Type
11.7.1. Flowline Connections
11.7.2. Umbilical Control Connections
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growh Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Subsea Connection Systems Demand Share, 2019-2026
12. Asia Pacific Subsea Connection Systems Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Subsea Connection Systems Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Subsea Connection Systems Market Size and Volume Forecast by Application
12.4.1. Shallow-water Applications
12.4.2. Deepwater Applications
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Subsea Connection Systems Market Size and Volume Forecast by Type
12.7.1. Flowline Connections
12.7.2. Umbilical Control Connections
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Subsea Connection Systems Demand Share, 2019-2026
13. Middle East & Africa Subsea Connection Systems Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Subsea Connection Systems Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Subsea Connection Systems Market Size and Volume Forecast by Application
13.4.1. Shallow-water Applications
13.4.2. Deepwater Applications
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Subsea Connection Systems Market Size and Volume Forecast by Type
13.7.1. Flowline Connections
13.7.2. Umbilical Control Connections
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Subsea Connection Systems Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Subsea Connection Systems Market: Market Share Analysis
14.2. Subsea Connection Systems Distributors and Customers
14.3. Subsea Connection Systems Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. FMC Technologies
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Baker Hughes
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Schlumberger
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. SCHOTT North America?Inc
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Systems Engineering & Assessment Ltd
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Subsea IMR
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. TE CONNECTIVITY
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. SEACON
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Teledyne Marine
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Glenair
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Freudenberg Oil?Gas Technologies
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. AFGlobal
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook