Global Subsea Pumps Market

- Size, Trend, Share, Opportunity Analysis, and Forecast, 2014-2025

  • Date March 2017
  • price $3619
 
 

Subsea pumping is considered as one of the most promising solution for increasing oil recovery by reducing the backpressure on reservoirs. Reduction in backpressure results in an increase in the flow rate and total recoverable reserves. The benefits of using subsea pumps include accelerated production, enhanced recovery & extended field life, reduction in operating expenses, increased production from low energy reservoirs, improvement in flow assurance performance, and safer start-up of low energy wells in relatively less time. A pumping system basically consists of equipment for power generation, power transmission, and power conditioning & control. The use of subsea pumps in the offshore industry started approximately two decades ago. The global subsea pumps market is expected to grow at a CAGR of 12.6% from 2017 to 2025.

On the basis of type, the subsea pump market is segmented into helico-axial, centrifugal, electrical submersible pump (ESP), hybrid, twin screw, and counter-axial. Based on application, it is categorized into subsea boosting, subsea separation, subsea injection, and subsea compression. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Market Dynamics:

Drivers:

  • Newly explored oil & gas fields coupled with expanding demand for oil is expected to fuel the demand for subsea pumps.
  • Advantages of using subsea pumps, such as extension in the life of reservoirs, high production, and reduction in operating expenses is increasing the demand for subsea pumps.

Restraints:

  • Falling prices of crude oil is expected to hinder market growth during the forecast period.

Market Players:

The major players in the global subsea pump market are Aker Solutions ASA, FMC Technologies, Inc., SPX Corporation, Flowserve Corporation, Baker Hughes Incorporated, General Electric Company, Sulzer AG, OneSubsea, Framo AS, and ITT Bornemann GmbH.

KEY TAKEAWAYS
Global Subsea Pumps Market

MARKET LANDSCAPE

By Type

  • Helico-axial
  • Centrifugal
  • Electrical Submersible Pump (ESP)
  • Hybrid
  • Twin Screw
  • Counter-axial

By Application

  • Subsea Boosting
  • Subsea Separation
  • Subsea Injection
  • Subsea Compression

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA
1. Executive summary
1.1. Key Findings
1.2. Market Attractiveness and Trend analysis
1.3. Competitive Landscape and recent industry development analysis
2. Introduction
2.1. Report Description
2.2. Scope and Definitions
2.3. Research Methodology
3. Market landscape
3.1. Growth Drivers
3.1.1. Impact Analysis
3.2. Restrains and Challenges
3.2.1. Impact Analysis
3.3. Porter’s Analysis
3.3.1. Bargaining power of buyers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of substitutes
3.3.4. Industry rivalry
3.3.5. Threat of new entrants
3.4. Global Subsea Pump Market Shares Analysis, 2014-2025
3.4.1. Global subsea pump market share by type, 2014-2025
3.4.2. Global subsea pump market share by application, 2014-2025
3.4.3. Global subsea pump market share by geography, 2014-2025
4. Market by Type
4.1. Helico-axial
4.1.1. Historical Market Size by Region, 2014-2016
4.1.2. Market Forecast by Region, 2017-2025
4.2. Centrifugal
4.2.1. Historical Market Size by Region, 2014-2016
4.2.2. Market Forecast by Region, 2017-2025
4.3. Electrical Submersible Pump (ESP)
4.3.1. Historical Market Size by Region, 2014-2016
4.3.2. Market Forecast by Region, 2017-2025
4.4. Hybrid
4.4.1. Historical Market Size by Region, 2014-2016
4.4.2. Market Forecast by Region, 2017-2025
4.5. Twin Screw
4.5.1. Historical Market Size by Region, 2014-2016
4.5.2. Market Forecast by Region, 2017-2025
4.6. Counter-axial
4.6.1. Historical Market Size by Region, 2014-2016
4.6.2. Market Forecast by Region, 2017-2025
5. Market by Application
5.1. Subsea Boosting
5.1.1. Historical Market Size by Region, 2014-2016
5.1.2. Market Forecast by Region, 2017-2025
5.2. Subsea Separation
5.2.1. Historical Market Size by Region, 2014-2016
5.2.2. Market Forecast by Region, 2017-2025
5.3. Subsea Injection
5.3.1. Historical Market Size by Region, 2014-2016
5.3.2. Market Forecast by Region, 2017-2025
5.4. Subsea Compression
5.4.1. Historical Market Size by Region, 2014-2016
5.4.2. Market Forecast by Region, 2017-2025
6. Market by Geography
6.1. North America
6.1.1. U.S.
6.1.1.1. Historical Market Size, 2014-2016
6.1.1.2. Market Forecast, 2017-2025
6.1.2. Canada
6.1.2.1. Historical Market Size, 2014-2016
6.1.2.2. Market Forecast, 2017-2025
6.1.3. Mexico
6.1.3.1. Historical Market Size, 2014-2016
6.1.3.2. Market Forecast, 2017-2025
6.2. Europe
6.2.1. UK
6.2.1.1. Historical Market Size, 2014-2016
6.2.1.2. Market Forecast, 2017-2025
6.2.2. Germany
6.2.2.1. Historical Market Size, 2014-2016
6.2.2.2. Market Forecast, 2017-2025
6.2.3. France
6.2.3.1. Historical Market Size, 2014-2016
6.2.3.2. Market Forecast, 2017-2025
6.2.4. Spain
6.2.4.1. Historical Market Size, 2014-2016
6.2.4.2. Market Forecast, 2017-2025
6.2.5. Italy
6.2.5.1. Historical Market Size, 2014-2016
6.2.5.2. Market Forecast, 2017-2025
6.2.6. Rest of Europe
6.2.6.1. Historical Market Size, 2014-2016
6.2.6.2. Market Forecast, 2017-2025
6.3. Asia-Pacific
6.3.1. China
6.3.1.1. Historical Market Size, 2014-2016
6.3.1.2. Market Forecast, 2017-2025
6.3.2. Japan
6.3.2.1. Historical Market Size, 2014-2016
6.3.2.2. Market Forecast, 2017-2025
6.3.3. India
6.3.3.1. Historical Market Size, 2014-2016
6.3.3.2. Market Forecast, 2017-2025
6.3.4. Australia
6.3.4.1. Historical Market Size, 2014-2016
6.3.4.2. Market Forecast, 2017-2025
6.3.5. South Korea
6.3.5.1. Historical Market Size, 2014-2016
6.3.5.2. Market Forecast, 2017-2025
6.3.6. Rest of Asia-Pacific
6.3.6.1. Historical Market Size, 2014-2016
6.3.6.2. Market Forecast, 2017-2025
6.4. LAMEA
6.4.1. Brazil
6.4.1.1. Historical Market Size, 2014-2016
6.4.1.2. Market Forecast, 2017-2025
6.4.2. South Arabia
6.4.2.1. Historical Market Size, 2014-2016
6.4.2.2. Market Forecast, 2017-2025
6.4.3. South Africa
6.4.3.1. Historical Market Size, 2014-2016
6.4.3.2. Market Forecast, 2017-2025
6.4.4. Rest of LAMEA
6.4.4.1. Historical Market Size, 2014-2016
6.4.4.2. Market Forecast, 2017-2025
7. Company profiles
7.1. Aker Solutions ASA
7.1.1. Overview
7.1.2. Financials and business segments
7.1.3. Recent developments
7.2. Baker Hughes Incorporated
7.2.1. Overview
7.2.2. Financials and business segments
7.2.3. Recent developments
7.3. FMC Technologies, Inc.
7.3.1. Overview
7.3.2. Financials and business segments
7.3.3. Recent developments
7.4. Flowserve Corporation
7.4.1. Overview
7.4.2. Financials and business segments
7.4.3. Recent developments
7.5. Framo AS
7.5.1. Overview
7.5.2. Financials and business segments
7.5.3. Recent developments
7.6. General Electric Company
7.6.1. Overview
7.6.2. Financials and business segments
7.6.3. Recent developments
7.7. ITT Bornemann GmbH
7.7.1. Overview
7.7.2. Financials and business segments
7.7.3. Recent developments
7.8. OneSubsea
7.8.1. Overview
7.8.2. Financials and business segments
7.8.3. Recent developments
7.9. SPX Corporation
7.9.1. Overview
7.9.2. Financials and business segments
7.9.3. Recent developments
7.10. Sulzer AG
7.10.1. Overview
7.10.2. Financials and business segments
7.10.3. Recent developments

List of Tables

Table 1. Subsea Pump Market Share, by Type, 2014-2025, $million
Table 2. Subsea Pump Market Share, by Application, 2014-2025, $million
Table 3. Subsea Pump Market Share, by Region, 2014-2025, $million
Table 4. Subsea Pump Market Value for Helico-axial, by Region, 2017-2025, $million
Table 5. Subsea Pump Market Value for Centrifugal, by Region, 2017-2025, $million
Table 6. Subsea Pump Market Value for Electrical Submersible Pump (ESP), by Region, 2017-2025, $million
Table 7. Subsea Pump Market Value for Hybrid, by Region, 2017-2025, $million
Table 8. Subsea Pump Market Value for Twin Screw, by Region, 2017-2025, $million
Table 9. Subsea Pump Market Value for Counter-axial, by Region, 2017-2025, $million
Table 10. Subsea Pump Market Value for Subsea Boosting, by Region, 2017-2025, $million
Table 11. Subsea Pump Market Value for Subsea Separation, by Region, 2017-2025, $million
Table 12. Subsea Pump Market Value for Subsea Injection, by Region, 2017-2025, $million
Table 13. Subsea Pump Market Value for Subsea Compression, by Region, 2017-2025, $million
Table 14. Subsea Pump Market Value for North America, by Country, 2014-2025, $million
Table 15. Subsea Pump Market Value for North America, by Type, 2014-2025, $million
Table 16. Subsea Pump Market Value for North America, by Application, 2014-2025, $million
Table 17. Subsea Pump Market Value for Europe, by Country, 2014-2025, $million
Table 18. Subsea Pump Market Value for Europe, by Type, 2014-2025, $million
Table 19. Subsea Pump Market Value for Europe, by Application, 2014-2025, $million
Table 20. Subsea Pump Market Value for Asia-Pacific, by Country, 2014-2025, $million
Table 21. Subsea Pump Market Value for Asia-Pacific, by Type, 2014-2025, $million
Table 22. Subsea Pump Market Value for Asia-Pacific, by Application, 2014-2025, $million
Table 23. Subsea Pump Market Value for LAMEA, by Country, 2014-2025, $million
Table 24. Subsea Pump Market Value for LAMEA, by Type, 2014-2025, $million
Table 25. Subsea Pump Market Value for LAMEA, by Application, 2014-2025, $million
Table 26. Aker Solutions ASA - Company Snapshot
Table 27. Baker Hughes Incorporated - Company Snapshot
Table 28. FMC Technologies, Inc. - Company Snapshot
Table 29. Flowserve Corporation  - Company Snapshot
Table 30. Framo AS - Company Snapshot
Table 31. General Electric Company - Company Snapshot
Table 32. ITT Bornemann GmbH - Company Snapshot
Table 33. OneSubsea - Company Snapshot
Table 34. SPX Corporation - Company Snapshot
Table 35. Sulzer AG - Company Snapshot

List of Figures

Figure 1. Subsea Pump: Helico-axial Market Value, 2014-2016, $million
Figure 2. Subsea Pump: Centrifugal Market Value, 2014-2016, $million
Figure 3. Subsea Pump: Electrical Submersible Pump (ESP) Market Value, 2014-2016, $million
Figure 4. Subsea Pump: Hybrid Market Value, 2014-2016, $million
Figure 5. Subsea Pump: Twin Screw Market Value, 2014-2016, $million
Figure 6. Subsea Pump: Counter-axial Market Value, 2014-2016, $million
Figure 7. Subsea Pump: Subsea Boosting Market Value, 2014-2016, $million
Figure 8. Subsea Pump: Subsea Separation Market Value, 2014-2016, $million
Figure 9. Subsea Pump: Subsea Injection Market Value, 2014-2016, $million
Figure 10. Subsea Pump: Subsea Compression Market Value, 2014-2016, $million
Figure 11. Subsea Pump: U.S. Market Value, 2014-2016, $million
Figure 12. Subsea Pump: U.S. Market Value, 2017-2025, $million
Figure 13. Subsea Pump: Canada Market Value, 2014-2016, $million
Figure 14. Subsea Pump: Canada Market Value, 2017-2025, $million
Figure 15. Subsea Pump: Mexico Market Value, 2014-2016, $million
Figure 16. Subsea Pump: Mexico Market Value, 2017-2025, $million
Figure 17. Subsea Pump: UK Market Value, 2014-2016, $million
Figure 18. Subsea Pump: UK Market Value, 2017-2025, $million
Figure 19. Subsea Pump: Germany Market Value, 2014-2016, $million
Figure 20. Subsea Pump: Germany Market Value, 2017-2025, $million
Figure 21. Subsea Pump: France Market Value, 2014-2016, $million
Figure 22. Subsea Pump: France Market Value, 2017-2025, $million
Figure 23. Subsea Pump: Spain Market Value, 2014-2016, $million
Figure 24. Subsea Pump: Spain Market Value, 2017-2025, $million
Figure 25. Subsea Pump: Italy Market Value, 2014-2016, $million
Figure 26. Subsea Pump: Italy Market Value, 2017-2025, $million
Figure 27. Subsea Pump: Rest of Europe Market Value, 2014-2016, $million
Figure 28. Subsea Pump: Rest of Europe Market Value, 2017-2025, $million
Figure 29. Subsea Pump: China Market Value, 2014-2016, $million
Figure 30. Subsea Pump: China Market Value, 2017-2025, $million
Figure 31. Subsea Pump: Japan Market Value, 2014-2016, $million
Figure 32. Subsea Pump: Japan Market Value, 2017-2025, $million
Figure 33. Subsea Pump: India Market Value, 2014-2016, $million
Figure 34. Subsea Pump: India Market Value, 2017-2025, $million
Figure 35. Subsea Pump: Australia Market Value, 2014-2016, $million
Figure 36. Subsea Pump: Australia Market Value, 2017-2025, $million
Figure 37. Subsea Pump: South Korea Market Value, 2014-2016, $million
Figure 38. Subsea Pump: South Korea Market Value, 2017-2025, $million
Figure 39. Subsea Pump: Rest of Asia-Pacific Market Value, 2014-2016, $million
Figure 40. Subsea Pump: Rest of Asia-Pacific Market Value, 2017-2025, $million
Figure 41. Subsea Pump: Brazil Market Value, 2014-2016, $million
Figure 42. Subsea Pump: Brazil Market Value, 2017-2025, $million
Figure 43. Subsea Pump: Saudi Arabia Market Value, 2014-2016, $million
Figure 44. Subsea Pump: Saudi Arabia Market Value, 2017-2025, $million
Figure 45. Subsea Pump: South Africa Market Value, 2014-2016, $million
Figure 46. Subsea Pump: South Africa Market Value, 2017-2025, $million
Figure 47. Subsea Pump: Rest of LAMEA Market Value, 2014-2016, $million
Figure 48. Subsea Pump: Rest of LAMEA Market Value, 2017-2025, $million
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