Market Snapshot
Global demand for subsea systems is expected to grow moderately in 2021, according to new Fact.MR data.
The subsea systems industry’s momentum strengthens as the COVID-19-induced slowdown eventually fades.
Historical data from 2016 to 2020, as well as estimates for 2021 to 2031, are included in the Subsea systems industry study report.
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Key Developments Undertaken by Subsea System Manufacturers
The latest subsea safety solutions from Halliburton are designed for a variety of uses, including exploration, appraisal, completion, and intervention.
Their solutions address deep water safety problems while also providing the well control required in highly regulated areas. Halliburton subsea systems keep wells running without causing environmental damage, from emergency well shutoffs to active monitoring.
Likewise, OneSubsea’s latest Agile Subsea Production Systems (SPS) provide the responsiveness, functionality, and surety that a lifetime of subsea production demands.
By utilizing the industry’s most dynamic and flexible subsea production systems, Agile SPS improves subsea performance from appraisal to abandonment, allowing the field to reach its full economic potential.
Similarly, Ocean Power Technologies (OPT) has been awarded a contract to investigate the deployment and operational needs of their PB3 PowerBuoy for providing “remotely regulated zero-carbon power” for subsea oil production.
The research will look into employing OPT’s PB3 PowerBuoy and a subsea battery to lower the cost and carbon emissions associated with traditional subsea oil and gas production equipment powering and control.
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Market: Segmentation
The global subsea systems market is segmented on the basis of type, subsea production components and subsea processing technology.
- Based on types, the global subsea systems is segmented as follows,
- Subsea Production System
- Subsea Processing System
- Based on subsea production components, the global subsea systems is segmented as follows:
- Subsea Trees
- SURF (Subsea Umbilical, Rivers, Flow line)
- Subsea manifolds
- Subsea Control System
- Based on subsea processing technology, the global subsea systems is segmented as follows:
- Subsea Separation System
- Subsea Boosting System
- Subsea Compression System
- Subsea Injection System
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Prominent Players
The prominent players of global subsea systems landscape are as follows:
- Drill-Quip Inc.
- GE Oil & Gas
- Aker Solutions,
- FMC Technologies Inc.
- OneSubsea
- Halliburton
- Weatherford International Ltd.
- Dril-Quip
- Oceaneering International
- Proserv Group
- Kongsberg Oil and Gas Technologies
For More Insights- https://www.einpresswire.com/article/557050105/demand-for-alumina-oxide-automotive-ceramics-market-is-expected-to-grow-at-a-cagr-of-5-over-the-forecast-period
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