Market Overview:
The global tie-in system market is expected to grow from USD 1.02 billion in 2018 to USD 1.48 billion by 2030, at a CAGR of 5.0% from 2018 to 2030. The growth of the global tie-in system market can be attributed to the increasing demand for oil and gas across the globe and rising investments in offshore exploration and production activities. However, the high installation cost of tie-in systems may restrain the growth of this market during the forecast period. Based on type, the global tie-in system market can be segmented into vertical tie-in systems and horizontal tie-in systems. In terms of application, the global Tie -In System Market can be divided into flowlines and subsea control systems . Based on region ,the global Tie -In System Market can be segmented into North America , Latin America , Europe Asia Pacific ,and Middle East & Africa .
Product Definition:
A tie-in system is a pipeline, conduit or other type of infrastructure used to connect two or more separate systems. The purpose of a tie-in system is to allow the transfer of material, energy or information between the separate systems.
Vertical Tie-in Systems:
Vertical tie-in systems are used to connect a vessel to an offshore drilling system. The vertical tie-in system is the most important component in the entire tie-in systems as it provides mechanical and electrical connections from the surface to rig floor, and vice versa. It also helps in maintaining water pressure at rig floor, which is essential for continuous operation of drilling equipment.
Horizonal Tie-in Systems:
Horizontal tie-in systems are used to connect two or more rigs with a centralizer. Horizonal tie-in systems can be used in various applications such as wind turbines, subsea production & storage, and onshore oil & gas infrastructure among others. The market for horizontal tie-in system is expected to witness growth over the forecast period owing to increasing demand for renewable energy coupled with growing offshore exploration activities particularly in Europe and Asia Pacific regions.
Application Insights:
The subsea control systems segment dominated the global tie-in system market in terms of revenue share in 2017. The growth can be attributed to the rising demand for oil & gas from emerging economies such as China, India and Brazil. These countries are located along the Pacific and Indian Oceans which makes it easier for companies to access these markets through pipeline projects. For instance, a pipeline project between South America and Asia is expected to increase the supply of oil & gas from Venezuela by 300%. This project is likely to be completed by 2019 which will open new avenues for offshore exploration activities in both hemispheres.
Flowlines are used extensively across various regions owing to their ability provide flexibility while transporting crude oil or petroleum products over long distances onshore or offshore at sea level with minimal disruption along with cost-effective solutions that comply with environmental regulations.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of active wells, which need tie-in systems for completion and isolation operations. Also, increasing exploration activities in this region are anticipated to drive demand for these products over the forecast period.
North America accounted for a significant share of revenue owing to growing offshore oil & gas E&P activities coupled with rising subsea engineering projects across major offshore basins such as Gulf of Mexico (GOM), Mississippi River Delta (MRD), Alaskan North Slope (ANS) among others. Europe is also estimated to witness steady growth due to increasing expenditure on wellhead isolation valves by companies operating in various sectors including oil & gas, power generation, chemicals among others.
Growth Factors:
- Increasing demand for smart and connected cars
- Rising demand for electric vehicles
- Proliferation of autonomous vehicles
- Development of advanced driver assistance systems (ADAS)
- Growing popularity of ride-sharing services
Scope Of The Report
Report Attributes
Report Details
Report Title
Tie-in System Market Research Report
By Type
Vertical Tie-in Systems, Horizonal Tie-in Systems
By Application
Flowlines, Subsea Control Systems
By Companies
TechnipFMC plc, Aker Solutions, Baker Hughes, National Oilwell Varco, Schlumberger Limited, Oceaneering International, Inc, Freudenberg Oil?Gas Technologies, SPT Energy Group, Halliburton, Great Western Drilling Company, Zamam Offshore Services Limited, National Oilwell Varco, ADL Completions LLC
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Tie-in System Market Report Segments:
The global Tie-in System market is segmented on the basis of:
Types
Vertical Tie-in Systems, Horizonal Tie-in Systems
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
Flowlines, Subsea Control Systems
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:
- TechnipFMC plc
- Aker Solutions
- Baker Hughes
- National Oilwell Varco
- Schlumberger Limited
- Oceaneering International, Inc
- Freudenberg Oil?Gas Technologies
- SPT Energy Group
- Halliburton
- Great Western Drilling Company
- Zamam Offshore Services Limited
- National Oilwell Varco
- ADL Completions LLC
Highlights of The Tie-in 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:
- Vertical Tie-in Systems
- Horizonal Tie-in Systems
- By Application:
- Flowlines
- Subsea Control Systems
- 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 Tie-in 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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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 tie-in system is a marketing strategy that uses a preexisting product or service to promote another product or service. The first product or service can be called the anchor, and the second can be called the tie-in. When people buy the anchor product, they are more likely to also buy the tie-in.
Some of the major companies in the tie-in system market are TechnipFMC plc, Aker Solutions, Baker Hughes, National Oilwell Varco, Schlumberger Limited, Oceaneering International, Inc, Freudenberg Oil?Gas Technologies, SPT Energy Group, Halliburton, Great Western Drilling Company, Zamam Offshore Services Limited, National Oilwell Varco, ADL Completions LLC.
The tie-in system market is expected to grow at a compound annual growth rate of 5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Tie-in System 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. Tie-in System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Tie-in System Market - Supply Chain
4.5. Global Tie-in System Market Forecast
4.5.1. Tie-in System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Tie-in System Market Size (000 Units) and Y-o-Y Growth
4.5.3. Tie-in System Market Absolute $ Opportunity
5. Global Tie-in System 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. Tie-in System Market Size and Volume Forecast by Type
5.3.1. Vertical Tie-in Systems
5.3.2. Horizonal Tie-in Systems
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Tie-in System 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. Tie-in System Market Size and Volume Forecast by Application
6.3.1. Flowlines
6.3.2. Subsea Control Systems
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Tie-in System 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. Tie-in System 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 Tie-in System 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. Tie-in System 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 Tie-in System Demand Share Forecast, 2019-2026
9. North America Tie-in System 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 Tie-in System 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 Tie-in System Market Size and Volume Forecast by Application
9.4.1. Flowlines
9.4.2. Subsea Control Systems
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Tie-in System Market Size and Volume Forecast by Type
9.7.1. Vertical Tie-in Systems
9.7.2. Horizonal Tie-in Systems
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 Tie-in System Demand Share Forecast, 2019-2026
10. Latin America Tie-in System 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 Tie-in System 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 Tie-in System Market Size and Volume Forecast by Application
10.4.1. Flowlines
10.4.2. Subsea Control Systems
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Tie-in System Market Size and Volume Forecast by Type
10.7.1. Vertical Tie-in Systems
10.7.2. Horizonal Tie-in Systems
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 Tie-in System Demand Share Forecast, 2019-2026
11. Europe Tie-in System 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 Tie-in System 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 Tie-in System Market Size and Volume Forecast by Application
11.4.1. Flowlines
11.4.2. Subsea Control Systems
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Tie-in System Market Size and Volume Forecast by Type
11.7.1. Vertical Tie-in Systems
11.7.2. Horizonal Tie-in Systems
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.. By Application
11.10.4. By Sales Channel
11.11. Europe Tie-in System Demand Share, 2019-2026
12. Asia Pacific Tie-in System 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 Tie-in System 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 Tie-in System Market Size and Volume Forecast by Application
12.4.1. Flowlines
12.4.2. Subsea Control Systems
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Tie-in System Market Size and Volume Forecast by Type
12.7.1. Vertical Tie-in Systems
12.7.2. Horizonal Tie-in Systems
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 Tie-in System Demand Share, 2019-2026
13. Middle East & Africa Tie-in System 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 Tie-in System 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 Tie-in System Market Size and Volume Forecast by Application
13.4.1. Flowlines
13.4.2. Subsea Control Systems
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Tie-in System Market Size and Volume Forecast by Type
13.7.1. Vertical Tie-in Systems
13.7.2. Horizonal Tie-in Systems
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 Tie-in System Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Tie-in System Market: Market Share Analysis
14.2. Tie-in System Distributors and Customers
14.3. Tie-in System Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. TechnipFMC plc
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Aker Solutions
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Baker Hughes
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. National Oilwell Varco
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Schlumberger Limited
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Oceaneering International, Inc
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Freudenberg Oil?Gas Technologies
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. SPT Energy Group
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Halliburton
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Great Western Drilling Company
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Zamam Offshore Services Limited
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. National Oilwell Varco
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. ADL Completions LLC
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