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Subsea Pumps Market

Subsea Pumps Market (Product - Helico-axial Pumps, Electrical Submersible Pump (ESP), and Centrifugal Pumps; Application - Subsea Boosting, Subsea Separation, Subsea Compression, and Subsea Injection) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

Global Subsea Pumps Market: Snapshot 

The global subsea pumps market is primarily dependent on the advancement of offshore hydrocarbon reserves across numerous regions. Owing to the increasing inclination of recoverable oil and gas reserves toward ultra-deep water and deep water reservoirs, the technology of subsea pumping and other related technologies are poised to gain importance. The players in this market have been competing in terms of both technology and prices.

The global subsea pumps market stood at US$0.9 bn in 2013 and is predicted to reach US$1,539.1 mn by 2020, rising at a 7.10% CAGR between 2014 and 2020. The market is poised to rise owing to the increasing count of subsea projects and the advancement of subsea technologies. In addition, the growing requirement to fuel the production of the already present brownfield oil and gas projects and offshore Greenfield will also positively impact market development. The increasing oil and gas upstream expenditures also fuel the demand for subsea pumps. Furthermore, the developments in subsea technologies ensure top operational abilities and huge economic benefits. The untapped markets for oil and gas reserves and the newly discovered oilfields present key opportunities in the global subsea pumps market.

High Employment of Helicon-Axial Subsea Pumps in Oil and Gas Boosting Operations

There are mainly four types of products present in the market, namely helico-axial, centrifugal, electrical submersible pump (ESP), and others including hybrid pump, counter-axial, and twin-screw. Of these, the segment of helicon-axial led the market in 2013. These kind of subsea pumps are mainly employed in oil and gas boosting operations. This segment is poised to lead the market and will rise at the highest growth rate over the forecast horizon. On the other hand, ESPs have emerged as an effective and economical means for lifting of process fluids from immense depths in harsh environmental conditions. ESPs are made for operating at flow rates ranging between 1000 barrels per day and 20,000 barrels per day.

Stable Political System to Make Brazil a Lucrative Market

Geographically, the report categorizes market into Europe, Asia Pacific, North America, Latin America, and the Middle East and Africa (MEA). Of these, the Latin America subsea pumps market led the market for subsea pumps in 2013 and is poised to maintain its superiority over the forecast horizon. In Latin America, Brazil is amongst the most swiftly developing nations due to the development of subsea technologies and infrastructure in this nation. In addition, a stable political system and currency makes this nation promising for investments by companies operating in production and exploration. Furthermore, in Brazil, financial stimulus and supportive government policies will be also be augmenting the development of the market. The pre-salt reserves’ development in Brazil’s deep water basins is also amongst the key factors increasing investments within subsea technologies of this nation.

On the other hand, the Middle East and Africa (MEA) trailed Latin America on the basis of market share in 2013. This swift advancement in subsea production systems for deployment within deep water offshore hydrocarbon reserves within the West coast of Africa has immensely driven subsea pumps installations. In addition, huge installations of both ESP and helicon-axial subsea pumps have been planned in the region of MEA, which fill further drive the development of the market here.

The leading players in the global subsea pumps market are FMC Technologies, Inc., OneSubsea, General Electric Company, Aker Solutions ASA, Baker Hughes Incorporated, Flowserve Corporation, SPX Corporation, ITT Bornemann GmbH, Leistritz AG, and Sulzer Ltd., among others.

     

    Chapter 1 Preface

    1.1 Report Description

    1.2 Research Scope

    1.3 Market Segmentation

    1.4 Research Methodology

     

    Chapter 2 Executive Summary

     

    Chapter 3 Global Subsea Pumps Market – Industry Analysis

    3.1 Introduction

    3.2 Value Chain Analysis

    3.3 Market Dynamics

          3.3.1 Market Drivers

                  3.3.1.1 Need to Boost Production of Existing Offshore Greenfield and Brownfield Oil and Gas Projects

                  3.3.1.2 Advancements in Subsea Technologies Ensure Excellent Operational Abilities and High Economic Benefits

                  3.3.1.3 Rising Oil and Gas Upstream Expenditures Augment Subsea Pumps Demand Worldwide

          3.3.2 Market Restraints

                  3.3.2.1 Plummeting Prices of Oil and Gas Hampers Subsea Pumps Demand

          3.3.3 Market Opportunity

                  3.3.3.1 Untapped Potential Oil and Gas Reserves Exploration Accompanied by Newly Discovered Oilfields

    3.4 Porter’s Five Forces Analysis

          3.4.1 Bargaining Power of Suppliers

          3.4.2 Bargaining Power of Buyers

          3.4.3 Threat from Substitutes

          3.4.4 Threat from New Entrants

          3.4.5 Degree of Competition

    3.5 Market Attractiveness Analysis

          3.5.1 Market Attractiveness Analysis of Global Subsea Pumps Market, by Product Segment, 2013

          3.5.2 Market Attractiveness Analysis of Global Subsea Pumps Market, by Regional Segment, 2013

    3.6 Company Market Share Analysis

     

    Chapter 4 Global Subsea Pumps Market – Product Segment Analysis

    4.1 Global Subsea Pumps Market: Product Segment Overview

          4.1.1 Global Subsea Pumps Market Revenue Estimates and Forecast, by Product Segment, 2013 & 2020 (USD Million)

    4.2 Helico-axial

          4.2.1 Global Helico-axial Subsea Pumps Market Revenue Estimates and Forecast, by Region, 2013 & 2020 (USD Million)

          4.2.2 Global Helico-axial Subsea Pumps Market Revenue Estimates and Forecast, 2013 – 2020 (USD Million)

          4.2.3 Global Helico-axial Subsea Pumps Market Revenue Estimates and Forecast, by Region, 2013 – 2020 (USD Million)

    4.3 Electrical Submersible Pump (ESP)

          4.3.1 Global ESP Subsea Pumps Market Revenue Estimates and Forecast, by Region, 2013 & 2020 (USD Million)

          4.3.2 Global ESP Subsea Pumps Market Revenue Estimates and Forecast, 2013 – 2020 (USD Million)

          4.3.3 Global ESP Subsea Pumps Market Revenue Estimates and Forecast, by Region, 2013 – 2020 (USD Million)

    4.4 Centrifugal

          4.4.1 Global Centrifugal Subsea Pumps Market Revenue Estimates and Forecast, by Region, 2013 & 2020 (USD Million)

          4.4.2 Global Centrifugal Subsea Pumps Market Revenue Estimates and Forecast, 2013 – 2020 (USD Million)

          4.4.3 Global Centrifugal Subsea Pumps Market Revenue Estimates and Forecast, by Region, 2013 – 2020 (USD Million)

    4.5 Others

          4.5.1 Global Others (Twin-screw, Hybrid Pump and Counter Axial) Subsea Pumps Market Revenue Estimates and Forecast, by Region, 2013 & 2020 (USD Million)

          4.5.2 Global Others (Twin Screw, Hybrid Pumpand Counter Axial) Subsea Pumps Market Revenue Estimates and Forecast, 2013 – 2020 (USD Million)

          4.5.3 Global Others (Twin-screw, Hybrid and Counter Axial) Subsea Pumps Market Revenue Estimates and Forecast, by Region, 2013 – 2020 (USD Million)

     

    Chapter 5 Global Subsea Pumps Market – Application Segment Analysis

    5.1 Global Subsea Pumps Market: Application Segment Overview

          5.1.1 Global Subsea Pumps Market Revenue Estimates and Forecast, by Application Segment, 2013 & 2020 (USD Million)

    5.2 Subsea Boosting

          5.2.1 Global Subsea Boosting Market Revenue Estimates and Forecast, by Region, 2013 & 2020 (USD Million)

          5.2.2 Global Subsea Boosting Market Revenue Estimates and Forecast, 2013 – 2020 (USD Million)

          5.2.3 Global Subsea Boosting Market Revenue Estimates and Forecast, by Region, 2013 – 2020 (USD Million)

    5.3 Subsea Separation

          5.3.1 Global Subsea Separation Market Revenue Estimates and Forecast, by Region, 2013 & 2020 (USD Million)

          5.3.2 Global Subsea Separation Market Revenue Estimates and Forecast, 2013 – 2020 (USD Million)

          5.3.3 Global Subsea Separation Market Revenue Estimates and Forecast, by Region, 2013 – 2020 (USD Million)

    5.4 Subsea Compression

          5.4.1 Global Subsea Compression Market Revenue Estimates and Forecast, by Region, 2013 & 2020 (USD Million)

          5.4.2 Global Subsea Compression Market Revenue Estimates and Forecast, 2013 – 2020 (USD Million)

          5.4.3 Global Subsea Compression Market Revenue Estimates and Forecast, by Region, 2013 – 2020 (USD Million)

    5.5 Subsea Injection

          5.5.1 Global Subsea Injection Market Revenue Estimates and Forecast, by Region, 2013 & 2020 (USD Million)

          5.5.2 Global Subsea Injection Market Revenue Estimates and Forecast, 2013 – 2020 (USD Million)

          5.5.3 Global Subsea Injection Market Revenue Estimates and Forecast, by Region, 2013 – 2020 (USD Million)

     

    Chapter 6 Global Subsea Pumps Market – Regional Analysis

    6.1 Global Subsea Pumps Market: Regional Overview

          6.1.1 Global Subsea Pumps Market Revenue Estimates and Forecast, by Region, 2013 & 2020 (USD Million)

    6.2 North America

          6.2.1 North America Subsea Pumps Market Revenue Estimates and Forecast, 2013 – 2020 (USD Million)

          6.2.2 North America Subsea Pumps Market Revenue Estimates and Forecast, by Product Segment, 2013 – 2020 (USD Million)

          6.2.3 North America Subsea Pumps Market Revenue Estimates and Forecast, by Application Segment, 2013 – 2020 (USD Million)

    6.3 Europe

          6.3.1 Europe Subsea Pumps Market Revenue Estimates and Forecast, 2013 – 2020 (USD Million)

          6.3.2 Europe Subsea Pumps Market Revenue Estimates and Forecast, by Product Segment, 2013 – 2020 (USD Million)

          6.3.3 Europe Subsea Pumps Market Revenue Estimates and Forecast, by Application Segment, 2013 – 2020 (USD Million)

    6.4 Asia Pacific

          6.4.1 Asia Pacific Subsea Pumps Market Revenue Estimates and Forecast, 2013 – 2020 (USD Million)

          6.4.2 Asia Pacific Subsea Pumps Market Revenue Estimates and Forecast, by Product Segment, 2013 – 2020 (USD Million)

          6.4.3 Asia Pacific Subsea Pumps Market Revenue Estimates and Forecast, by Application Segment, 2013 – 2020 (USD Million)

    6.5 Middle East and Africa (MEA)

          6.5.1 Middle East and Africa (MEA) Subsea Pumps Market Revenue Estimates and Forecast, 2013 – 2020 (USD Million)

          6.5.2 Middle East and Africa (MEA) Subsea Pumps Market Revenue Estimates and Forecast, by Product Segment, 2013 – 2020 (USD Million)

          6.5.3 Middle East and Africa (MEA) Subsea Pumps Market Revenue Estimates and Forecast, by Application Segment, 2013 – 2020 (USD Million)

    6.6 Latin America

          6.6.1 Latin America Subsea Pumps Market Revenue Estimates and Forecast, 2013 – 2020 (USD Million)

          6.6.2 Latin America Subsea Pumps Market Revenue Estimates and Forecast, by Product Segment, 2013 – 2020 (USD Million)

          6.6.3 Latin America Subsea Pumps Market Revenue Estimates and Forecast, by Application Segment, 2013 – 2020 (USD Million)

     

    Chapter 7 Company Profiles

    7.1 Aker Solutions ASA

          7.1.1 Company Overview

          7.1.2 Financial Overview

          7.1.3 Product Portfolio

          7.1.4 Business Strategy

          7.1.5 Recent Developments

    7.2 Baker Hughes Incorporated

          7.2.1 Company Overview

          7.2.2 Financial Overview

          7.2.3 Product Portfolio

          7.2.4 Business Strategy

          7.2.5 Recent Developments

    7.3 Flowserve Corporation

          7.3.1 Company Overview

          7.3.2 Financial Overview

          7.3.3 Product Portfolio

          7.3.4 Business Strategy

          7.3.5 Recent Developments

    7.4 FMC Technologies, Inc.

          7.4.1 Company Overview

          7.4.2 Financial Overview

          7.4.3 Product Portfolio

          7.4.4 Business Strategy

          7.4.5 Recent Developments

    7.5 General Electric Company

          7.5.1 Company Overview

          7.5.2 Financial Overview

          7.5.3 Product Portfolio

          7.5.4 Business Strategy

          7.5.5 Recent Developments

    7.6 ITT Bornemann GmbH

          7.6.1 Company Overview

          7.6.2 Financial Overview

          7.6.3 Product Portfolio

          7.6.4 Business Strategy

          7.6.5 Recent Developments

    7.7 OneSubsea

          7.7.1 Company Overview

          7.7.2 Financial Overview

          7.7.3 Product Portfolio

          7.7.4 Business Strategy

          7.7.5 Recent Developments

    7.8 SPX Corporation

          7.8.1 Company Overview

          7.8.2 Financial Overview

          7.8.3 Product Portfolio

          7.8.4 Business Strategy

          7.8.5 Recent Developments

    7.9 Sulzer Ltd.

          7.9.1 Company Overview

          7.9.2 Financial Overview

          7.9.3 Product Portfolio

          7.9.4 Business Strategy

          7.9.5 Recent Developments

    7.10 Leistritz AG

          7.10.1 Company Overview

          7.10.2 Financial Overview

          7.10.3 Product Portfolio

          7.10.4 Business Strategy

          7.10.5 Recent Developments

    List of Tables

     

    TABLE 1 Global Subsea Pumps Market Snapshot

    TABLE 2 Market Drivers of Global Subsea Pumps Market: Impact Analysis

    TABLE 3 Market Restraints of Global Subsea Pumps Market: Impact Analysis

    TABLE 4 Marginal Production and Transportation Costs, (USD)

    TABLE 5 Market Opportunity of Global Subsea Pumps Market: Impact Analysis

    TABLE 6 Global Helico-axial Subsea Pumps Market Estimates and Forecast, by Region, 2013 – 2020 (USD Million)

    TABLE 7 Global ESP Subsea Pumps Market Estimates and Forecast, by Region, 2013 – 2020 (USD Million)

    TABLE 8 Global Centrifugal Subsea Pumps Market Estimates and Forecast, by Region, 2013 – 2020 (USD Million)

    TABLE 9 Global Others (Twin-screw, Hybrid Pump, Counter Axial, etc.) Subsea Pumps Market Estimates and Forecast, by Region, 2013 – 2020 (USD Million)

    TABLE 10 Global Subsea Boosting Market Estimates and Forecast, by Region, 2013 – 2020 (USD Million)

    TABLE 11 Global Subsea Separation Market Estimates and Forecast, by Region, 2013 – 2020 (USD Million)

    TABLE 12 Global Subsea Compression Market Estimates and Forecast, by Region, 2013 – 2020 (USD Million)

    TABLE 13 Global Subsea Injection Market Estimates and Forecast, by Region, 2013 – 2020 (USD Million)

    TABLE 14 North America Subsea Pumps Market Revenue Estimates and Forecast, by Product Segment, 2013 – 2020 (USD Million)

    TABLE 15 North America Subsea Pumps Market Revenue Estimates and Forecast, by Application Segment, 2013 – 2020 (USD Million)

    TABLE 16 Europe Subsea Pumps Market Revenue Estimates and Forecast, by Product Segment, 2013 – 2020 (USD Million)

    TABLE 17 Europe Subsea Pumps Market Revenue Estimates and Forecast, by Application Segment, 2013 – 2020 (USD Million)

    TABLE 18 Asia Pacific Subsea Pumps Market Revenue Estimates and Forecast, by Product Segment, 2013 – 2020 (USD Million)

    TABLE 19 Asia Pacific Subsea Pumps Market Revenue Estimates and Forecast, by Application Segment, 2013 – 2020 (USD Million)

    TABLE 20 Middle East and Africa (MEA) Subsea Pumps Market Revenue Estimates and Forecast, by Product Segment, 2013 – 2020 (USD Million)

    TABLE 21 Middle East and Africa (MEA) Subsea Pumps Market Revenue Estimates and Forecast, by Application Segment, 2013 – 2020 (USD Million)

    TABLE 22 Latin America Subsea Pumps Market Revenue Estimates and Forecast, by Product Segment, 2013 – 2020 (USD Million)

    TABLE 23 Latin America Subsea Pumps Market Revenue Estimates and Forecast, by Application Segment, 2013 – 2020 (USD Million)

    List of Figures

     

    FIG. 1 Global Subsea Pumps Market: Market Segmentation

    FIG. 2 Global Subsea Pumps Market Revenue Estimates and Forecast, 2013 – 2020 (USD Million)

    FIG. 3 Value Chain Analysis: Global Subsea Pumps Market

    FIG. 4 Brazil Status of Offshore Subsea Pumps and Separation Systems, 2014

    FIG. 5 Petrobras Expenditure Plan, 2012 - 2016 (% share)

    FIG. 6 Oil and Gas Upstream Expenditure Forecast, 2014 – 2020 (USD Billion)

    FIG. 7 Crude Oil Prices 2014 (USD/Barrel)

    FIG. 8 Recent Major Oil and Gas Discoveries

    FIG. 9 Global Subsea Pumps Market: Porter’s Five Forces Analysis

    FIG. 10 Market Attractiveness Analysis of Global Subsea Pumps Market, by Product Segment, 2013

    FIG. 11 Market Attractiveness Analysis of Global Subsea Pumps Market, by Regional Segment, 2013

    FIG. 12 Global Subsea Pumps Market: Company Market Share Analysis, 2013

    FIG. 13 Global Subsea Pumps Market Revenue Estimates and Forecast, by Product Segment, 2013 & 2020 (USD Million)

    FIG. 14 Global Helico-axial Subsea Pumps Market Revenue Estimates and Forecast, by Region, 2013 & 2020 (USD Million)

    FIG. 15 Global Helico-axial Subsea Pumps Market Revenue Estimates and Forecast, 2013 – 2020 (USD Million)

    FIG. 16 Global ESP Subsea Pumps Market Revenue Estimates and Forecast, by Region, 2013 & 2020 (USD Million)

    FIG. 17 Global ESP Subsea Pumps Market Revenue Estimates and Forecast, 2013 – 2020 (USD Million)

    FIG. 18 Global Centrifugal Subsea Pumps Market Revenue Estimates and Forecast, by Region, 2013 & 2020 (USD Million)

    FIG. 19 Global Centrifugal Subsea Pumps Market Revenue Estimates and Forecast, 2013 – 2020 (USD Million)

    FIG. 20 Global Others (Twin-screw, Hybrid Pump, Counter Axial, etc.) Subsea Pumps Market Revenue Estimates and Forecast, by Region, 2013 & 2020 (USD Million)

    FIG. 21 Global Others (Twin-screw, Hybrid Pump, Counter Axial, etc.) Subsea Pumps Market Revenue Estimates and Forecast, 2013 – 2020 (USD Million)

    FIG. 22 Global Subsea Pumps Market Revenue Estimates and Forecast, by Application Segment, 2013 & 2020 (USD Million)

    FIG. 23 Global Subsea Boosting Market Revenue Estimates and Forecast, by Region, 2013 & 2020 (USD Million)

    FIG. 24 Global Subsea Boosting Market Revenue Estimates and Forecast, 2013 – 2020 (USD Million)

    FIG. 25 Global Subsea Separation Market Revenue Estimates and Forecast, by Region, 2013 & 2020 (USD Million)

    FIG. 26 Global Subsea Separation Market Revenue Estimates and Forecast, 2013 – 2020 (USD Million)

    FIG. 27 Global Subsea Compression Market Revenue Estimates and Forecast, by Region, 2013 & 2020 (USD Million)

    FIG. 28 Global Subsea Compression Market Revenue Estimates and Forecast, 2013 – 2020 (USD Million)

    FIG. 29 Global Subsea Injection Market Revenue Estimates and Forecast, by Region, 2013 & 2020, (USD Million)

    FIG. 30 Global Subsea Injection Market Revenue Estimates and Forecast, 2013 – 2020 (USD Million)

    FIG. 31 Global Subsea Pumps Market Revenue Estimates and Forecast, by Region, 2013 & 2020 (USD Million)

    FIG. 32 North America Subsea Pumps Market Revenue Estimates and Forecast, 2013 – 2020 (USD Million)

    FIG. 33 Europe Subsea Pumps Market Revenue Estimates and Forecast, 2013 – 2020 (USD Million)

    FIG. 34 Asia Pacific Subsea Pumps Market Revenue Estimates and Forecast, 2013 – 2020 (USD Million)

    FIG. 35 Middle East and Africa (MEA) Subsea Pumps Market Revenue Estimates and Forecast, 2013 – 2020 (USD Million)

    FIG. 36 Latin America Subsea Pumps Market Revenue Estimates and Forecast, 2013 – 2020 (USD Million)

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Subsea Pumps Market

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