Market Overview:
The global subsea vessel market is expected to grow from USD 9.5 billion in 2018 to USD 17.8 billion by 2030, at a CAGR of 7.0% from 2018 to 2030. The growth of the global subsea vessel market can be attributed to the increasing demand for oil and gas production, submarine communications, power transmission, and other applications across the globe. Based on type, the installation vessels segment is projected to lead the global subsea vessel market during the forecast period. Installation vessels are used for installing various offshore structures such as pipelines, cables, umbilicals systems etc., which helps in boosting oil & gas production and enhancing safety operations at sea.
Product Definition:
A subsea vessel is a type of ship that operates beneath the surface of the water. These vessels are used for a variety of purposes, including oil and gas exploration, offshore construction, and marine science research.
Installation Vessels:
The global installation vessels market size was valued at USD 1.6 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The growth can be attributed to increasing deep-water drilling activities, particularly in North America & West Africa, coupled with growing subsea infrastructure across the globe.
Maintenance Vessel:
Maintenance vessel is a ship which is used to perform maintenance operations in the fleet. It's main function includes oil and gas production platforms, offshore drilling rigs, floating production storage and offloading (FPSO) vessels as well as other subsea units. Maintenance vessel can be seen in various sizes ranging from 100 tons to over 1,500 tons; they are utilized for performing several tasks including general cargo services such as fuel supply and water treatment facility among others.
Application Insights:
The oil & gas segment dominated the global subsea vessel market in 2017, accounting for over 45% of the overall revenue. The segment is expected to witness significant growth over the forecast period owing to increasing demand for deep-water drilling rigs and an increase in exploration activities.
Substantial investments are being made by various companies including BP, StatoilHydro, Repsol YPF among others to expand their operations at existing offshore locations as well as explore new areas for future development. Technological advancements coupled with advanced management techniques are enabling operators to reduce costs and optimize asset performance while improving safety standards on board vessels operating in harsh environments such as deep water.
Regional Analysis:
Asia Pacific and North America are anticipated to be the key regional markets over the forecast period. The Asia Pacific region is expected to witness significant growth in terms of revenue owing to increasing offshore projects in China, India, Indonesia, Malaysia and Thailand. In addition, rising demand for oil & gas from emerging economies such as China and India will drive market growth over the next eight years.
The North American subsea vessels market is also expected to grow at a considerable rate due to increasing offshore drilling activities coupled with growing energy demand from Mexico’s expanding economy. Furthermore, technological advancements such as autonomous vehicles for marine operations are anticipated fuel industry growth across this region which would further boost product penetration rates during the forecast period.
Growth Factors:
- Increasing demand for energy due to population growth and industrialization in developing countries
- Rising investment in oil and gas exploration and production
- Proliferation of subsea infrastructure projects, such as pipelines, cables, and wells
- Growing popularity of floating production systems (FPSOs)
- Advances in technology that make subsea vessels more efficient and cost-effective
Scope Of The Report
Report Attributes
Report Details
Report Title
Subsea Vessel Market Research Report
By Type
Installation Vessels, Maintenance Vessel, Offshore Support Vessels
By Application
Oil & Gas, Submarine Communications, Power, Others
By Companies
Pella Sietas, Samsung Heavy Industries, Lamprell, CSSC, GustoMSC, CRIST, Keppel Singmarine, Royal IHC, CSIC (Qingdao Wuchuan Heavy Industry), COSCO Shipyard, Shanghai Zhenhua, Sinopacific Shipbuilding Group
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Subsea Vessel Market Report Segments:
The global Subsea Vessel market is segmented on the basis of:
Types
Installation Vessels, Maintenance Vessel, Offshore Support Vessels
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
Oil & Gas, Submarine Communications, Power, 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:
- Pella Sietas
- Samsung Heavy Industries
- Lamprell
- CSSC
- GustoMSC
- CRIST
- Keppel Singmarine
- Royal IHC
- CSIC (Qingdao Wuchuan Heavy Industry)
- COSCO Shipyard
- Shanghai Zhenhua
- Sinopacific Shipbuilding Group
Highlights of The Subsea Vessel 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:
- Installation Vessels
- Maintenance Vessel
- Offshore Support Vessels
- By Application:
- Oil & Gas
- Submarine Communications
- Power
- 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 Vessel 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 vessel is a type of underwater vessel that is used for oil and gas exploration, production, transportation and storage.
Some of the major companies in the subsea vessel market are Pella Sietas, Samsung Heavy Industries, Lamprell, CSSC, GustoMSC, CRIST, Keppel Singmarine, Royal IHC, CSIC (Qingdao Wuchuan Heavy Industry), COSCO Shipyard, Shanghai Zhenhua, Sinopacific Shipbuilding Group.
The subsea vessel market is expected to grow at a compound annual growth rate of 7%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Subsea Vessel 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 Vessel Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Subsea Vessel Market - Supply Chain
4.5. Global Subsea Vessel Market Forecast
4.5.1. Subsea Vessel Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Subsea Vessel Market Size (000 Units) and Y-o-Y Growth
4.5.3. Subsea Vessel Market Absolute $ Opportunity
5. Global Subsea Vessel 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 Vessel Market Size and Volume Forecast by Type
5.3.1. Installation Vessels
5.3.2. Maintenance Vessel
5.3.3. Offshore Support Vessels
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Subsea Vessel 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 Vessel Market Size and Volume Forecast by Application
6.3.1. Oil & Gas
6.3.2. Submarine Communications
6.3.3. Power
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Subsea Vessel 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 Vessel 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 Vessel 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 Vessel 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 Vessel Demand Share Forecast, 2019-2026
9. North America Subsea Vessel 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 Vessel 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 Vessel Market Size and Volume Forecast by Application
9.4.1. Oil & Gas
9.4.2. Submarine Communications
9.4.3. Power
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Subsea Vessel Market Size and Volume Forecast by Type
9.7.1. Installation Vessels
9.7.2. Maintenance Vessel
9.7.3. Offshore Support Vessels
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 Vessel Demand Share Forecast, 2019-2026
10. Latin America Subsea Vessel 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 Vessel 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 Vessel Market Size and Volume Forecast by Application
10.4.1. Oil & Gas
10.4.2. Submarine Communications
10.4.3. Power
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Subsea Vessel Market Size and Volume Forecast by Type
10.7.1. Installation Vessels
10.7.2. Maintenance Vessel
10.7.3. Offshore Support Vessels
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 Vessel Demand Share Forecast, 2019-2026
11. Europe Subsea Vessel 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 Vessel 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 Vessel Market Size and Volume Forecast by Application
11.4.1. Oil & Gas
11.4.2. Submarine Communications
11.4.3. Power
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Subsea Vessel Market Size and Volume Forecast by Type
11.7.1. Installation Vessels
11.7.2. Maintenance Vessel
11.7.3. Offshore Support Vessels
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth 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 Vessel Demand Share, 2019-2026
12. Asia Pacific Subsea Vessel 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 Vessel 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 Vessel Market Size and Volume Forecast by Application
12.4.1. Oil & Gas
12.4.2. Submarine Communications
12.4.3. Power
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Subsea Vessel Market Size and Volume Forecast by Type
12.7.1. Installation Vessels
12.7.2. Maintenance Vessel
12.7.3. Offshore Support Vessels
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 Vessel Demand Share, 2019-2026
13. Middle East & Africa Subsea Vessel 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 Vessel 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 Vessel Market Size and Volume Forecast by Application
13.4.1. Oil & Gas
13.4.2. Submarine Communications
13.4.3. Power
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Subsea Vessel Market Size and Volume Forecast by Type
13.7.1. Installation Vessels
13.7.2. Maintenance Vessel
13.7.3. Offshore Support Vessels
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 Vessel Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Subsea Vessel Market: Market Share Analysis
14.2. Subsea Vessel Distributors and Customers
14.3. Subsea Vessel Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Pella Sietas
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Samsung Heavy Industries
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Lamprell
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. CSSC
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. GustoMSC
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. CRIST
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Keppel Singmarine
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Royal IHC
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. CSIC (Qingdao Wuchuan Heavy Industry)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COSCO Shipyard
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Shanghai Zhenhua
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Sinopacific Shipbuilding Group
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
