The global subsea manifolds market is expected to be valued at USD 5.08 billion by 2025, according to a new report by Radiant Insights, Inc. 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.
To Access Browse Full Research Report @:
http://www.radiantinsights.com/research/subsea-manifolds-market
Further key findings from the report suggest:
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research scope and assumptions
1.3 List of data services
Chapter 2 Executive Summary
2.1 Subsea Manifolds - Industry snapshot
Chapter 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
To Access Request A Sample Copy Of This Report at: http://www.radiantinsights.com/research/subsea-manifolds-market/request-sample
About Radiant Insights:
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email: sales@radiantinsights.com
Phone: (415) 349-0054
Address: 28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States
For more information, Visit: http://www.radiantinsights.com
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.
To Access Browse Full Research Report @:
http://www.radiantinsights.com/research/subsea-manifolds-market
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.
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research scope and assumptions
1.3 List of data services
Chapter 2 Executive Summary
2.1 Subsea Manifolds - Industry snapshot
Chapter 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
To Access Request A Sample Copy Of This Report at: http://www.radiantinsights.com/research/subsea-manifolds-market/request-sample
About Radiant Insights:
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email: sales@radiantinsights.com
Phone: (415) 349-0054
Address: 28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States
For more information, Visit: http://www.radiantinsights.com
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