Global Subsea Manifolds Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global subsea manifolds market in its upcoming report titled, “Global Subsea Manifolds Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global subsea manifolds market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global subsea manifolds market report has been segmented on the basis of type, application, and region.
Subsea manifold is a metal equipment, made up of valves and pipes that are used to transfer oil and gas from wellheads into a pipeline. Manifolds vary in size and shape, though can be huge structures that have height in excess of 30 meters. Subsea manifolds are installed on the seabed to collect produced oil or to inject water or gas into wells. Subsea manifold structural framework consists of popes, valves, flow meter, control module, etc.
Increasing deep-water oil and gas exploration and production (E&P) activities across the globe is a key factor driving growth of the global subsea manifolds market. In addition, subsea manifolds provide various flexible functionalities such as high-integrity pressure protection system operations and also can work under harsh environments, are other factors expected to propel growth of the target market over the forecast period. Moreover, technological advancements in subsea manifolds is another factor expected to drive growth of the global market to a significant extent.
However, high cost of products is a major factor restraining growth of the global subsea manifolds market. Additionally, problems to manifolds owing to its presence in seawater for long intervals of time and stringent government and environmental regulations for preservation of marine and aquatic life are other factors expected to hamper growth of the global market over the forecast period.
The market in Asia Pacific is expected to account for highest share in terms of revenue and is expected to maintain its dominance over the forecast period. This dominance can be attributed to growing offshore drilling activities in emerging economies such as China and India. The market in North America is expected to account for second-highest share in terms of revenue over the forecast period, owing to technological advancements in subsea manifolds and rising oil and gas drilling activities in countries in the region. Moreover, market in the Middle East is projected to witness moderate growth in the global market over the forecast period, owing to presence of untapped hydrocarbons reserves in the region.
Global subsea manifolds market segmentation:
- Template manifold
- Cluster manifold
- Pipeline end manifold (PLEM)
- Production manifolds
- Injection manifolds
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Schlumberger Limited
- Halliburton Company
- Trendsetter engineering
- Dril-Quip, Inc.
- Aker Solutions ASA
- FMC Technologies, Inc.
- General Electric Company
- Subsea 7 S.A.
- TechnipFMC plc
- Worldwide Oilfield Machine, Inc.
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