Subsea Well Access System - Global Market Trajectory & Analytics

Global Subsea Well Access System Market to Reach $4.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Subsea Well Access System estimated at US$3.1 Billion in the year 2020, is projected to reach a revised size of US$4.2 Billion by 2027, growing at a CAGR of 4.6% over the period 2020-2027. Rig-Base, one of the segments analyzed in the report, is projected to record 4.9% CAGR and reach US$2.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Vessel-Based segment is readjusted to a revised 4% CAGR for the next 7-year period.



The U.S. Market is Estimated at $899.2 Million, While China is Forecast to Grow at 4.3% CAGR

The Subsea Well Access System market in the U.S. is estimated at US$899.2 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$739.6 Million by the year 2027 trailing a CAGR of 4.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 3.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR.

Select Competitors (Total 41 Featured):

• Aker Solutions ASA
• Baker Hughes, Inc.
• Drilling Services Limited
• Dril-Quip, Inc.
• GE Oil & Gas
• Halliburton
• National Oilwell Varco, Inc.
• Oceaneering International, Inc.
• Parker Hannifin Corporation
• Riverstone Holdings, LLC
• Schlumberger Ltd.
• TechnipFMC PLC
• Weatherford International Ltd.