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Subsea Power Grid System Market: Offshore Power, Components and Geography - Global Trends & Forecast To 2018 - Product Image Special Offer Sale Banner

Subsea Power Grid System Market: Offshore Power, Components and Geography - Global Trends & Forecast To 2018

  • Published: June 2013
  • Region: Global
  • 241 Pages
  • Markets and Markets
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FEATURED COMPANIES

  • ABB Ltd
  • Bandak Group AS
  • FMC Technologies Inc
  • Nexans SA
  • Schlumberger Limited
  • Siemens AG
  • MORE

This report covers the subsea global power grid system market including a look at various components of the subsea power grid system, types of power supply sources, and other related segments. It studies the extent of end use of subsea power grid solutions in different application areas with respect to different regions. It also analyses the market with respect to drivers, opportunities, and winning imperatives related to the industry.

The qualitative analysis of subsea power grid system - with respect to its concept, components, technology, innovations, and power supply sources - is in-depth and conclusive. It discusses components such as cables, variable speed drives (VSDs), transformers, switchgears, others; and power supply sources such as captive generation, wind power, and others. Subsea power grids system are gaining worldwide importance as the oil field operators are heading towards deep and ultra deep waters for the hunt of oil and gas. In these deep waters a continuous power supply source is required in order to keep equipments running. Furthermore, the shifting focus towards renewable energy generation is also triggering companies to generate energy from renewable READ MORE >

1 Introduction
1.1 Key Take Aways
1.2 Report Description
1.3 Markets Covered
1.4 Stakeholders
1.5 Research Methodology
1.5.1 Market Size
1.5.2 Key Data Points From Secondary Sources
1.5.3 Key Data Points From Primary Sources
1.5.4 Assumptions

2 Executive Summary

3 Premium Insights
3.1 Africa Dominates The Global Demand
3.2 Double Digit Growth For Regional Markets
3.3 Cables & Variable Speed Drives - Major Component Markets
3.4 Captive Generation Holds A Major Share
3.5 Good Market Transition For Africa, APAC & Row
3.6 Agreements & Contracts: Major Growth Strategies By Market Players
3.7 FMC Technologies, General Electric, & Siemens: Huge Diversified Product Portfolio

4 Market Overview
4.1 Introduction
4.2 Value Chain Analysis
4.2.1 Grid Manufacturing
4.2.2 Grid Installation
4.2.3 End Users
4.3 Market Dynamics
4.3.1 Drivers
4.3.1.1 Subsea Infrastructure Market Growth
4.3.1.2 Increasing Deep Water Exploration
4.3.1.3 Global Oil & Gas Market Demand
4.3.1.3.1 Demand & Supply Scenario Of Crude Oil
4.3.1.3.2 Demand & Supply Scenario Of Natural Gas
4.3.2 Restraints
4.3.2.1 Technological Issues For Long Ranges
4.3.2.2 High Installation And Operational Risks
4.3.3 Opportunities
4.3.3.1 Tidal Power For Subsea Power Requirement
4.3.4 Winning Imperatives
4.3.4.1 Growing Demand Of Well Intervention In Subsea
4.3.5 Burning Issues
4.3.5.1 Lack Of Technical Professionals In Subsea Industry
4.4 Porter's Five Force Analysis
4.4.1 Threat Of New Entrants
4.4.2 Threat Of Substitutes
4.4.3 Buyers Power
4.4.4 Suppliers Power
4.4.5 Degree Of Competition
4.5 Market Share Analysis
4.6 Patents Analysis
4.6.1 Patent Registration Trend
4.6.2 By Companies
4.6.3 By Countries/Regions

5 Subsea Power Grid System Market, By Components
5.1 Introduction
5.2 Market Analysis
5.2.1 Cables
5.2.1.1 Definition & Description
5.2.1.2 Largest Required Component Of The Grid
5.2.1.3 The Americas' Subsea Power Grid Cable Market
5.2.2 Variable Speed Drives
5.2.2.1 Definition & Description
5.2.2.2 Highest Growth Rate Among All Components
5.2.2.3 The Americas' Subsea Power Grid Variable Speed Drive Market
5.2.3 Transformers
5.2.3.1 Definition & Description
5.2.3.2 The Americas' Subsea Power Grid Transformers Market
5.2.4 Switchgears
5.2.4.1 Definition & Description
5.2.4.2 Switchgears Revenue Forecast
5.2.4.3 The Americas' Subsea Power Grid Switchgears Market
5.2.5 Others
5.2.5.1 Definition & Description
5.2.5.2 Revenue Forecast
5.2.5.3 The Americas' Subsea Power Grid Other Components Market

6 Subsea Power Grid System Market, By Power Supply
6.1 Introduction
6.2 Market Analysis
6.2.1 Captive Generation
6.2.1.1 Definition & Description
6.2.1.2 Major Source Of Offshore Power Generation
6.2.1.3 The Americas' Captive Generation Subsea Power Grid System Market
6.2.2 Wind Power
6.2.2.1 Definition & Description
6.2.2.2 Highly Growing & Potential Market
6.2.3 Others
6.2.3.1 Definition & Description
6.2.3.1.1 Tidal Power
6.2.3.1.2 Solar Power
6.2.3.2 Small Market Share Due To Testing Phase
6.2.3.3 The Americas' Other Power Supply Modes Market For Subsea Power Grid

7 Subsea Power Grid System Market, By Geography
7.1 Introduction
7.2 Market Analysis
7.2.1 The Americas
7.2.1.1 Industry Trend
7.2.1.2 Subsea Power Cables Hold The Largest Market Share
7.2.1.3 Maximum Power Is Supplied By Captive Power Generation Capability
7.2.1.4 Latin America
7.2.1.4.1 Industry Trend
7.2.1.4.2 Market Analysis
7.2.1.4.2.1 By Components
7.2.1.4.2.2 By Power Supply Types
7.2.1.5 North America
7.2.1.5.1 Industry Trend
7.2.1.5.2 Market Analysis
7.2.1.5.2.1 By Components
7.2.1.5.2.2 By Power Supply Types
7.2.2 Africa
7.2.2.1 Industry Trend
7.2.2.2 Market Analysis
7.2.2.2.1 Largest Market For Subsea Power Grid
7.2.2.2.2 Renewable Sources Of Power Generation Are Absent
7.2.3 Europe
7.2.3.1 Industry Trend
7.2.3.2 Market Analysis
7.2.3.2.1 High Growth Potential Due To The North Sea Development
7.2.3.2.2 High Investments In Renewable Energy Leading The Highest Growth Of Offshore Wind Power
7.2.4 Asia-Pacific
7.2.4.1 Industry Trend
7.2.4.2 Market Analysis
7.2.4.2.1 Small, But Growing Market
7.2.4.2.2 Renewable Energy Generation Sources Are Gaining Pace
7.2.5 Rest Of World (Row)
7.2.5.1 Industry Trend
7.2.5.2 Market Analysis
7.2.5.2.1 By Components
7.2.5.2.2 By Power Supply Type

8 Competitive Landscape
8.1 Introduction
8.2 Growth Strategies In The Subsea Power Grid Market, 2010 – 2013
8.3 Most Active Companies In The Subsea Power Grid System Market
8.4 Mergers & Acquisitions
8.5 Contracts, Agreements, Partnerships, Collaborations & Joint Ventures
8.6 New Products Launch
8.7 Investments, Expansions & Others

9 Company Profiles (Overview, Financials, Products & Services, Strategy, And Developments)*
9.1 ABB Ltd
9.2 Aker Solutions ASA
9.3 Bandak Group AS
9.4 Cameron International Corp
9.5 Dril-Quip Inc.
9.6 Expro International Group Holdings Limited
9.7 FMC Technologies Inc.
9.8 General Electric Co.
9.9 JDR Cable Systems (Holdings) Ltd
9.10 Nexans SA
9.11 Norddeutsche Seekabelwerke Gmbh (NSW)
9.12 Oceaneering International Inc.
9.13 Parker Hannifin Corporation
9.14 Prysmian Group
9.15 Schlumberger Limited
9.16 SIEM Offshore Contractors
9.17 Siemens AG
9.18 Technip SA

*Details On Overview, Financials, Product & Services, Strategy, And Developments Might Not Be Captured In Case Of Unlisted Companies.

Appendix
U.S. Patents
Europe Patents
Japan Patents

List Of Tables (99 Tables)

Table 1 Global Subsea Power Grid Market Revenue, By Components, 2011 – 2018 ($Million)
Table 2 Regional Dominance & Key Market Players
Table 3 Geographical Market Growth: Subsea Powergrid
Table 4 Subsea Power Grid Components: Market Facts
Table 5 Offshore Power Supply: Market Scenario
Table 6 Subsea Power Grid: Growing Regional Markets
Table 7 Major Growth Strategies
Table 8 Product Portfolio Benchmarking Of Key Players
Table 9 Region Wise Subsea Capex ($Million)
Table 10 Total Offshore Oil Wells, 2012
Table 11 Demand Of Crude Oil, By Regions, 2007 – 2011 ('000 Bbl/Day)
Table 12 Supply Of Crude Oil, By Regions, 2007 – 2011 ('000 Bbl/Day)
Table 13 Demand Of Natural Gas, By Regions, (BCM), 2007 – 2011
Table 14 Supply Of Natural Gas, By Regions, (BCM), 2007 – 2011
Table 15 Subsea Power Grid System Market: Companies' Growth Status
Table 16 Patent Analysis, By Countries/Regions, 2009 – 2013
Table 17 Global Subsea Power Grid System Market Revenue, By Components, 2011 – 2018 ($Million)
Table 18 Cables: Key Manufacturers
Table 19 Global Subsea Power Grid Cables Market Revenue,By Geography, 2011 – 2018 ($Million)
Table 20 The Americas Subsea Power Grid Cables Market Revenue,By Regions, 2011 – 2018 ($Million)
Table 21 Types Of Variable Speed Drives
Table 22 Variable Speed Drives: Key Manufacturers
Table 23 Global Subsea Power Grid Variable Speed Drives Market Revenue, By Geography, 2011 – 2018 ($Million)
Table 24 The Americas Subsea Power Grid Variable Speed Drives Market Revenue, By Regions, 2011 – 2018 ($Million)
Table 25 Transformers: Crucial Properties & Testing Methods
Table 26 Subsea Power Grid Transformers: Key Manufacturers
Table 27 Global Subsea Power Grid Transformers Market Revenue,By Geography, 2011 – 2018 ($Million)
Table 28 The Americas Subsea Power Grid Transformers Market Revenue, By Regions, 2011 – 2018 ($Million)
Table 29 Subsea Power Grid Switchgears: Key Manufacturers
Table 30 Global Subsea Power Grid Switchgears Market Revenue,By Geography, 2011 – 2018 ($Million)
Table 31 The Americas' Subsea Power Grid Switchgears Market Revenue, By Regions, 2011 – 2018 ($Million)
Table 32 Global Subsea Power Grid Other Components Market Revenue, By Geography, 2011 – 2018 ($Million)
Table 33 The Americas' Subsea Power Grid Other Components Market Revenue, By Regions, 2011 – 2018 ($Million)
Table 34 Global Subsea Power Grid System Market Revenue, By Power Supplies, 2011 – 2018 ($Million)
Table 35 Global Captive Generation Subsea Power Grid System Market Revenue, By Geography, 2011 – 2018 ($Million)
Table 36 The Americas' Captive Generation Subsea Power Grid System Market Revenue, By Regions, 2011 – 2018 ($Million)
Table 37 Offshore Wind Farm Alliance & Market Scenario
Table 38 Worlds' Largest Offshore Wind Farms
Table 39 Global Wind Power Subsea Power Grid System Market Revenue,By Geography, 2011 – 2018 ($Million)
Table 40 Global Other Power Subsea Power Grid System Market Revenue,By Geography, 2011 – 2018 ($Million)
Table 41 The Americas' Other Power Subsea Power Grid System Market Revenue, By Regions, 2011 – 2018 ($Million)
Table 42 Global Subsea Power Grid System Market Revenue, By Geography, 2011 – 2018 ($Million)
Table 43 The Americas' Subsea Power Grid System Market Revenue,By Components, 2011 – 2018 ($Million)
Table 44 The Americas' Subsea Power Grid System Market Revenue, By Power Supply Types, 2011 – 2018 ($Million)
Table 45 Latin America Subsea Power Grid System Market Revenue,By Components, 2011 – 2018 ($Million)
Table 46 Latin America Subsea Power Grid System Market Revenue,By Power Supply Types, 2011 – 2018 ($Million)
Table 47 North America Subsea Power Grid System Market Revenue,By Components, 2011 – 2018 ($Million)
Table 48 North America Subsea Power Grid System Market Revenue, By Power Supply Types, 2011 – 2018 ($Million)
Table 49 Africa Subsea Power Grid System Market Revenue, By Components, 2011 – 2018 ($Million)
Table 50 Africa Subsea Power Grid System Market Revenue, By Power Supply Types, 2011 – 2018 ($Million)
Table 51 Europe Subsea Power Grid System Market Revenue, By Components, 2011 – 2018 ($Million)
Table 52 Europe Subsea Power Grid Market Revenue, By Power Supply Types, 2011 – 2018 ($Million)
Table 53 Asia-Pacific Subsea Power Grid System Market Revenue,By Components, 2011 – 2018 ($Million)
Table 54 Asia-Pacific Subsea Power Grid System Market Revenue, By Power Supply Types, 2011 – 2018 ($Million)
Table 55 Rest Of World Subsea Power Grid System Market Revenue,By Components, 2011 – 2018 ($Million)
Table 56 Rest Of World Subsea Power Grid System Market Revenue, By Power Supply Types, 2011 – 2018 ($Million)
Table 57 Mergers & Acquisitions, 2010 – 2013
Table 58 Agreements, Partnerships, Collaborations & Joint Ventures, 2010 – 2013
Table 59 New Products Launch, 2010 – 2013
Table 60 Investments, Expansions & Other Developments, 2010 – 2013
Table 61 ABB: Annual Revenue, By Business Segments,2011 – 2012 ($Million)
Table 62 ABB: Annual Revenue, By Geography, 2011 – 2012 ($Million)
Table 63 ABB: Products & Its Description
Table 64 Aker: Annual Revenues, By Business Segments,2011 – 2012 ($Million)
Table 65 Aker: Annual Revenues, By Geography, 2011 – 2012 ($Million)
Table 66 Aker: Products & Its Description
Table 67 Bandak: Products & Its Description/Applications
Table 68 Cameron: Annual Revenue, By Business Segments,2011 – 2012 ($Million)
Table 69 Cameron: Annual Revenue, By Geography,2011 – 2012 ($Million)
Table 70 Cameron: Products & Its Description
Table 71 Dril-Quip: Products & Its Description
Table 72 Expro: Products/Services & Its Description
Table 73 FMC: Annual Revenue, By Business Segments,2011 – 2012 ($Million)
Table 74 FMC: Annual Revenue, By Geography, 2011 – 2012 ($Million)
Table 75 FMC: Products & Its Description
Table 76 GE: Annual Revenue, By Business Segments,2011 – 2012 ($Million)
Table 77 GE: Products & Its Description
Table 78 JDR: Products & Its Description
Table 79 Nexans: Annual Revenue, By Business Segments,2011 – 2012 ($Million)
Table 80 Nexans: Annual Revenue, By Geography, 2011 – 2012 ($Million)
Table 81 Nexans: Products & Its Applications/Description
Table 82 Norddeutsche: Products & Its Description/Applications
Table 83 Oceaneering: Annual Revenue, By Business Segments,2011 – 2012 ($Million)
Table 84 Oceaneering: Annual Revenue, By Regions,2011 – 2012 ($Million)
Table 85 Oceaneering: Products & Its Applications/Description
Table 86 Parker: Annual Revenue, By Business Segments,2011 – 2012 ($Million)
Table 87 Parker: Annual Revenue, By Geography, 2011 – 2012 ($Million)
Table 88 Parker: Products & Its Description/Applications
Table 89 Prysmian: Annual Revenue, By Business Segments,2011 – 2012 ($Million)
Table 90 Prysmian: Annual Revenue, By Geography,2011 – 2012 ($Million)
Table 91 Prysmian: Products & Its Applications/Description
Table 92 Schlumberger: Annual Revenue, By Business Segments,2011 – 2012 ($Million)
Table 93 Schlumberger: Annual Revenue, By Geography,2011 – 2012 ($Million)
Table 94 Schlumberger: Products & Its Applications/Description
Table 95 Siemens: Annual Revenue, By Business Segments,2011 – 2012 ($Million)
Table 96 Siemens: Annual Revenue, By Geography,2011 – 2012 ($Million)
Table 97 Siemens: Technology, Services, & Solutions
Table 98 Technip: Annual Revenue, By Business Segments,2011 – 2012 ($Million)
Table 99 Technip: Annual Revenue, By Geography, 2011 – 2012 ($Million)

List Of Figures (25 Figures)

Figure 1 Global Subsea Power Grid System Market: Regional Scenario,2011 – 2018
Figure 2 Global Subsea Power Grid System Market Dynamics
Figure 3 Subsea Power Grid Components: Regional Market
Figure 4 Power Supply: Regional Market
Figure 5 Subsea Power Grid Market: 2013 – 2018
Figure 6 Market Growth Strategies By Key Players
Figure 7 Benchmarking The Major Players
Figure 8 Key Components – Subsea Power Grid
Figure 9 Subsea Power Grid Market: Value Chain Analysis
Figure 10 Capital Spending – Subsea Market ($Million)
Figure 11 Oil And Gas Investments: 2006 – 2011 ($Million)
Figure 12 Porter's Five Force Analysis
Figure 13 Global Subsea Power Grid System Market: Market Share Analysis,2012
Figure 14 Subsea Power Grid: Patent Registration Trends, 2009 – 2013
Figure 15 Subsea Power Grid Patents, By Companies, 2009 – 2013
Figure 16 Subsea Power Grid Patents, By Geography, 2009 – 2013
Figure 17 Components: Subsea Power Grid
Figure 18 Subsea Power Grid: Power Supply Modes
Figure 19 Subsea Power Grid: Other Power Supply Modes
Figure 20 Growth Strategies In The Subsea Power Grid System Market,2010 – 2013
Figure 21 Subsea Power Grid Industry Developments, By Companies, 2010 – 2013
Figure 22 Merger & Acquisitions, 2010 – 2013
Figure 23 Contracts, Agreements, Partnership & Joint Ventures,2010 – 2013
Figure 24 New Products Launch, 2010 – 2013
Figure 25 Investments, Expansions & Others, 2010 – 2013

On an overall basis, the subsea power grid system market will grow from an estimated $1,196.6 million in 2013 to $2,365.1 million by 2018, with a CAGR of 11.9% through 2018.

The global subsea power grid system market is witnessing decent growth based on increased energy demand and large investments for offshore oil field developments around the globe, especially in Africa and Americas. Africa holds the major market share followed by Latin America and Europe. In terms of components of the subsea power grid system, the market is dominated by cables due to the long distance connections of power consuming equipments on seabed which makes it largest end used component of subsea power grid systems.

Major players of this market are FMC Technologies Inc. (U.S.), ABB Ltd (Switzerland), General Electrics Co. (U.S.), Aker Solutions ASA (Norway), Cameron International Corp (U.S.), and Siemens AG (Germany).

Most of these companies mainly relied on growth strategies such as agreements and contracts, joint ventures and collaborations, mergers and acquisitions, and expansions in diversified geographic areas. The growing demand for technologically advanced power supply solutions to the offshore equipments has prompted most of the companies to launch highly innovative and integrated subsea power grid solutions, thus inviting more supply contracts to improve their market share.

The companies involved in subsea power grid solutions business are thus expanding into emerging markets such as Africa and Latin America. Technologically innovative and environmental friendly power grid systems are the key strategies that are helping the companies to maximize their revenue, for deeper market penetration of the existing market, and expansion into the new and emerging markets. Africa has the largest market due to the rapid growth of offshore oil and gas infrastructure development. Africa represents the major potential for subsea power grid system market complemented by high investments in offshore field exploration and production related developments.

Major subsea power grid system components include cables, variable speed drives, transformers, switchgears, and others (connectors, sensors etc.). Cables are the largest components in terms of revenue generating around half of the revenue. The major power supply source for these power grid systems in subsea is captive generation. The focus is also shifting towards renewable energy sources such as offshore wind farms, tidal power, and solar energy. Europe is implementing the largest offshore wind power generation facility to supply power to the offshore equipments. The increasing investment in offshore oilfields development is nourishing the growth of subsea power grid system market in subsea and as a result the market should continue to grow at a very significant rate.

- ABB Ltd
- Aker Solutions ASA
- Bandak Group AS
- Cameron International Corp
- Dril-Quip Inc
- Expro International Group Holdings Limited
- FMC Technologies Inc
- General Electric Co
- JDR Cable Systems (Holdings) Ltd
- Nexans SA
- Norddeutsche Seekabelwerke Gmbh (NSW)
- Oceaneering International Inc
- Parker Hannifin Corporation
- Prysmian Group
- SIEM Offshore Contractors
- Schlumberger Limited
- Siemens AG
- Technip SA

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