Subsea Manifolds Market Analysis By Application (Production, Injection), By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa), And Segment Forecasts, 2014 - 2025

  • ID: 4312559
  • Report
  • Region: Africa, America, Asia, Asia Pacific, East Africa, Europe, Middle East, North America, United States
  • 122 pages
  • Grand View Research
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FEATURED COMPANIES

  • Aker Solutions ASA
  • Baker Hughes Incorporated
  • Dril-Quip Inc.
  • FMC Technologies, Inc.
  • General Electric
  • Halliburton Company
  • MORE
The global subsea manifolds market is expected to be valued at USD 5.08 billion by 2025. Increasing deepwater drilling activities and favorable revised offshore regulations have been a major factor driving the market growth.

Subsea manifolds are utilized to direct fracturing fluids to the wells and to extract the produced fluids from the well into the flow lines. Subsea manifolds are devised to withstand the harsh conditions in deepwater. These systems are customizable as per the type of the soil in the sea bed. The manifolds can be utilized for horizontal or vertical connections with the resource bed in deepwater. They have a highly customizable design and are able to connect to multiple wells at the same time.

Subsea manifolds facilitate the employment of a number of Enhanced Oil Recovery (EOR) strategy. The production manifold is employed for various applications by E&P companies including, isolations, testing, allocation management, and sampling. They are also employed to bring the produced fluids on to the surface via flow lines. Owing to these factors, production segment had the largest market share of 61.1% in 2016, and is anticipated to show a steady growth over the next eight years.

Injection is projected to grow at an estimated CAGR of 5.4% over the forecast period of 2016 to 2025, and thus be the fastest-growing segment in the application category. Injection manifolds can be customized to handle various types of fluids including, water-alternating-gas, gas, water, oil-based fluids, synthetic-based fluids, and foam-based fluids. These manifolds are subjected to immense pressure in deepwater and need to be built to withstand the harsh operating conditions; which thus makes their manufacturing cost high. This factor is anticipated to positively drive the injection segment growth over the forecast period of 2017 to 2025.

Further key findings from the report suggest:
  • The global subsea manifolds demand was valued at USD 3.31 billion in 2016 and is expected to grow at a CAGR of 5.0% from 2017 to 2025
  • Production emerged as the largest application segment in 2016 and is estimated to generate revenue of USD 3.02 billion by 2025
  • Injection is anticipated to be the fastest growing application segment over the next eight years and is estimated to grow at a CAGR of 5.4%
  • Global subsea manifolds demand in production application was valued at USD 2.02 billion in 2016 and is anticipated to witness steady growth over the next eight years
  • The U.S. subsea manifolds market in applications category was valued at USD 0.38 billion in 2016 and is estimated to be valued at USD 0.57 billion by 2025
  • The Asia Pacific region is anticipated to witness high growth at a CAGR of 5.3% by 2025. Increasing financial aid tax benefits and government initiatives to exploit hydrocarbon reserves sustainably in South Korea, China, and India, is expected to drive market penetration in this region over the next few years.
  • Major players in the industry include Schlumberger, Weatherford International, Halliburton, Archer Limited, and Baker Hughes. In order to expand their product portfolio and gain market share, these major players are often indulged in mergers, joint ventures, & acquisitions.
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FEATURED COMPANIES

  • Aker Solutions ASA
  • Baker Hughes Incorporated
  • Dril-Quip Inc.
  • FMC Technologies, Inc.
  • General Electric
  • Halliburton Company
  • MORE
1 Methodology and Scope
1.1 Research Methodology
1.2 Research scope and assumptions
1.3 List of data services
2 Executive Summary
2.1 Subsea Manifolds - Industry snapshot
3 Subsea Manifolds Market Variables, Trends & Scope
3.1 Market segmentation & scope
3.2 Penetration & growth prospect mapping
3.3 Value chain analysis
3.4 Market dynamics
3.5 Technological landscape
3.6 Regulatory Scenario
3.7 Market driver analysis
3.7.1 Subsea manifolds - Key market driver impact
3.7.1.1 Increasing deepwater drilling activities
3.7.1.2 Favorable revised offshore regulations
3.7.2 Subsea manifolds - Key market restraints impact
3.7.2.1 Indecision in crude oil prices
3.8 Key opportunities prioritized
3.9 Industry analysis - Porter’s
3.10 PESTLE analysis
4 Subsea Manifolds Market: Application Estimates & Trend Analysis
4.1 Global subsea manifolds market share, by application, 2016 & 2025
4.1.1 Production
4.1.1.1 Global production market estimates and forecast, 2014 - 2025 (USD Million)
4.1.1.2 Global production market estimates and forecast by region, 2014 - 2025 (USD Million)
4.1.2 Injection
4.1.2.1 Global injection polymers market estimates and forecast, 2014 - 2025 (USD Million)
4.1.2.2 Global injection polymers market estimates and forecast by region, 2014 - 2025 (USD Million)
5 Subsea Manifolds Market: Regional Estimates & Trend Analysis
5.1 Subsea manifolds market share by region, 2016 & 2025
5.2 Global subsea manifolds market estimates and forecast by region, 2014 - 2025 (USD Million)
5.3 North America
5.3.1 North America subsea manifolds market estimates and forecast, 2014 - 2025 (USD Million)
5.3.2 North America subsea manifolds market estimates and forecast by application, 2014 - 2025 (USD Million)
5.3.3 U.S.
5.3.3.1 U.S. subsea manifolds market estimates and forecast, 2014 - 2025 (USD Million)
5.3.3.2 U.S. subsea manifolds market estimates and forecast by application, 2014 - 2025 (USD Million)
5.3.4 Canada
5.3.4.1 Canada subsea manifolds market estimates and forecast, 2014 - 2025 (USD Million)
5.3.4.2 Canada subsea manifolds market estimates and forecast by application, 2014 - 2025 (USD Million)
5.3.5 Mexico
5.3.5.1 Mexico subsea manifolds market estimates and forecast, 2014 - 2025 (USD Million)
5.3.5.2 Mexico subsea manifolds market estimates and forecast by application, 2014 - 2025 (USD Million)
5.4 Europe
5.4.1 Europe subsea manifolds market estimates and forecast, 2014 - 2025 (USD Million)
5.4.2 Europe subsea manifolds market estimates and forecast by application, 2014 - 2025 (USD Million)
5.4.3 UK
5.4.3.1 UK subsea manifolds market estimates and forecast, 2014 - 2025 (USD Million)
5.4.3.2 UK subsea manifolds market estimates and forecast by application, 2014 - 2025 (USD Million)
5.4.4 Norway
5.4.4.1 Norway subsea manifolds market estimates and forecast, 2014 - 2025 (USD Million)
5.4.4.2 Norway subsea manifolds market estimates and forecast by application, 2014 - 2025 (USD Million)
5.5 Asia Pacific
5.5.1 Asia Pacific subsea manifolds market estimates and forecast, 2014 - 2025 (USD Million)
5.5.2 Asia Pacific subsea manifolds market estimates and forecast by application, 2014 - 2025 (USD Million)
5.5.3 China
5.5.3.1 China subsea manifolds market estimates and forecast, 2014 - 2025 (USD Million)
5.5.3.2 China subsea manifolds market estimates and forecast by application, 2014 - 2025 (USD Million)
5.5.4 Indonesia
5.5.4.1 Indonesia subsea manifolds market estimates and forecast, 2014 - 2025 (USD Million)
5.5.4.2 Indonesia subsea manifolds market estimates and forecast by application, 2014 - 2025 (USD Million)
5.6 Middle East & South Africa (MEA)
5.6.1 MEA subsea manifolds market estimates and forecast, 2014 - 2025 (USD Million)
5.6.2 MEA subsea manifolds market estimates and forecast by application, 2014 - 2025 (USD Million)
5.7 Central & South America (CSA)
5.7.1 CSA subsea manifolds market estimates and forecast, 2014 - 2025 (USD Million)
5.7.2 CSA subsea manifolds market estimates and forecast by application, 2014 - 2025 (USD Million)
6 Competitive Landscape
6.1 Vendor landscape
6.2 Competitive environment
6.3 Strategy framework
7 Company Profiles
7.1 Schlumberger Limited
7.1.1 Company overview
7.1.2 Financial performance
7.1.3 Industries and Services Catered
7.1.4 Product/Service benchmarking
7.1.5 Strategic initiatives
7.2 Baker Hughes Incorporated
7.2.1 Company overview
7.2.2 Financial performance
7.2.3 Industries and services catered
7.2.4 Service benchmarking
7.2.5 Strategic initiatives
7.3 Halliburton Company
7.3.1 Company overview
7.3.2 Financial performance
7.3.3 Industries and services catered
7.3.4 Service benchmarking
7.3.5 Strategic initiatives
7.4 Weatherford International Inc.
7.4.1 Company overview
7.4.2 Financial performance
7.4.3 Industries and services catered
7.4.4 Product/Service benchmarking
7.4.5 Strategic initiatives
7.5 Dril-Quip Inc.
7.5.1 Company overview
7.5.2 Financial performance
7.5.3 Industries and services catered
7.5.4 Product/Service benchmarking
7.5.5 Strategic initiatives
7.6 Aker Solutions ASA
7.6.1 Company overview
7.6.2 Financial performance
7.6.3 Industries and services catered
7.6.4 Product/Service benchmarking
7.6.5 Strategic initiatives
7.7 FMC Technologies, Inc.
7.7.1 Company overview
7.7.2 Industries and services catered
7.7.3 Product/Service benchmarking
7.7.4 Strategic initiatives
7.8 General Electric
7.8.1 Company overview
7.8.2 Financial performance
7.8.3 Industries and services catered
7.8.4 Product/Service benchmarking
7.8.5 Strategic initiatives
7.9 Subsea 7 S.A.
7.7.1 Company Overview
7.9.2 Financial performance
7.9.3 Industries and services catered
7.7.4 Product/Service benchmarking
7.7.5 Strategic initiatives
7.10 OneSubsea
7.10.1 Company Overview
7.10.2 Financial performance
7.10.3 Industries and services catered
7.10.4 Product/Service benchmarking
7.10.5 Strategic initiatives
7.11 Trendsetter Engineering
7.11.1 Company Overview
7.11.2 Financial performance
7.11.3 Industries and services catered
7.11.4 Product/Service benchmarking
7.11.5 Strategic initiatives

List of Tables

Table 1 Subsea Manifolds - Key market driver impact
Table 2 Subsea Manifolds - Key market restraints impact
Table 3 Global subsea manifolds market estimates & forecasts, from production, 2014 - 2025 (USD Million)
Table 4 Global subsea manifolds market estimates & forecasts, from production, by region, 2014 - 2025 (USD Million)
Table 5 Global subsea manifolds market estimates & forecasts, from injection, 2014 - 2025 (USD Million)
Table 6 Global subsea manifolds market estimates & forecasts, from injection, by region, 2014 - 2025 (USD Million)
Table 7 North America subsea manifolds market estimates & forecasts, 2014 - 2025 (USD Million)
Table 8 North America subsea manifolds market estimates & forecasts by application, 2014 - 2025 (USD Million)
Table 9 U.S. subsea manifolds market estimates & forecasts, 2014 - 2025 (USD Million)
Table 10 U.S. Subsea Manifolds market estimates & forecasts by application, 2014 - 2025 (USD Million)
Table 11 Canada subsea manifolds market estimates & forecasts, 2014 - 2025 (USD Million)
Table 12 Canada subsea manifolds market estimates & forecasts by application, 2014 - 2025 (USD Million)
Table 13 Mexico subsea manifolds market estimates & forecasts, 2014 - 2025 (USD Million)
Table 14 Mexico subsea manifolds market estimates & forecasts by application, 2014 - 2025 (USD Million)
Table 15 Europe subsea manifolds market estimates & forecasts, 2014 - 2025 (USD Million)
Table 16 Europe subsea manifolds market estimates & forecasts by application, 2014 - 2025 (USD Million)
Table 17 UK subsea manifolds market estimates & forecasts, 2014 - 2025 (USD Million)
Table 18 UK subsea manifolds market estimates & forecasts by application, 2014 - 2025 (USD Million)
Table 19 Norway subsea manifolds market estimates & forecasts, 2014 - 2025 (USD Million)
Table 20 Norway subsea manifolds market estimates & forecasts by application, 2014 - 2025 (USD Million)
Table 21 Asia Pacific subsea manifolds market estimates & forecasts, 2014 - 2025 (USD Million)
Table 22 Asia Pacific subsea manifolds market estimates & forecasts by application, 2014 - 2025 (USD Million)
Table 23 China subsea manifolds market estimates & forecasts, 2014 - 2025 (USD Million)
Table 24 China subsea manifolds market estimates & forecasts by application, 2014 - 2025 (USD Million)
Table 25 Indonesia subsea manifolds market estimates & forecasts, 2014 - 2025 (USD Million)
Table 26 Indonesia subsea manifolds market estimates & forecasts by application, 2014 - 2025 (USD Million)
Table 27 CSA subsea manifolds market estimates & forecasts, 2014 - 2025 (USD Million)
Table 28 CSA subsea manifolds market estimates & forecasts by application, 2014 - 2025 (USD Million)
Table 29 MEA subsea manifolds market estimates & forecasts, 2014 - 2025 (USD Million)
Table 30 MEA subsea manifolds market estimates & forecasts by service, 2014 - 2024 (USD Million)
Table 31 MEA subsea manifolds market estimates & forecasts by application, 2014 - 2025 (USD Million)

List of Figures

Figure 1 Subsea manifolds market share, 2015 (Revenue)
Figure 2 Subsea manifolds market segmentation
Figure 3 Global subsea manifolds market, 2014 - 2025 (USD Million)
Figure 4 Value chain analysis
Figure 5 Value chain analysis
Figure 6 Subsea manifolds market dynamics
Figure 7 Key opportunities - Prioritized
Figure 8 Subsea Manifolds - Porter’s analysis
Figure 9 Subsea Manifolds PESTLE analysis
Figure 10 Global subsea manifolds market share by service, 2016 & 2025 (By Revenue)
Figure 11 Global subsea manifolds market share by product, 2016 & 2025 (By Revenue)
Figure 12 Global subsea manifolds market share by application, 2016 & 2025 (By Revenue)
Figure 13 Global subsea manifolds market share by region, 2016 & 2025 (By Revenue)
Figure 14 Competitive environment
Figure 15 Competitive strategy adopted by leading players
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  • Schlumberger Limited
  • Baker Hughes Incorporated
  • Halliburton Company
  • Weatherford International Inc.
  • Dril-Quip Inc.
  • Aker Solutions ASA
  • FMC Technologies, Inc.
  • General Electric
  • Subsea 7 S.A.
  • OneSubsea
  • Trendsetter Engineering
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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