Global Subsea Pumps market to grow at a CAGR of 18.9% over the period 2014-2019; Finds New Report

Report forecast the Global Subsea Pumps market to grow at a CAGR of 18.9 percent over the period 2014-2019.

Subsea pumps are used in the Oil and Gas industry to enhance oil recovery and to maintain the flow of fluids in subsea production systems. These pumps accelerate the production process and improve the flow assurance in subsea oil and gas reservoirs. With the development of subsea infrastructure and increasing number of subsea projects, the adoption of subsea pumps is expected to increase substantially in the future.

The report covers the present scenario and the growth prospects of the Global Subsea Pumps market for the period 2015-2019. The market can be segmented into four: Helico-axial, Electrical Submersible, Centrifugal, and Others.

According to the report, maturation of onshore oil reserves, which leads to a shift and investment in offshore production from the conventional onshore production, predominantly drives the market growth. As a result, governments worldwide are focusing on upgrading subsea pump technologies to increase their overall oil and gas production.

Further, the report states that one key challenge that the market faces is the increase in the prices of raw materials used to manufacture the pumps. High technical expertise and expensive raw materials are required to build subsea pumps that can withstand harsh subsea weather conditions, which increases the overall cost of the system.

The Global Subsea Pumps Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the APAC and EMEA regions; it also covers the Global Subsea Pumps market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key players in the Global Subsea Pumps Market: Aker Solutions, Flowserve, FMC Technologies, GE Energy and OneSubsea

Other Prominent Vendors in the market are: National Oilwell Varco, Oceaneering International and Transocean.

Key Regions

• Americas
• APAC
• EMEA 

Market Driver

• Maturing Onshore Oil Reserves
• For a full, detailed list, view our report

Market Challenge

• Increase in Price of Raw Materials
• For a full, detailed list, view our report

Market Trend

• Rapid Technological Advancements
• For a full, detailed list, view our report

Key Questions Answered in this Report

• What will the market size be in 2019 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 72 pages, “Global Subsea Pumps Market 2015-2019” report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Market Segmentation by Type, Geographical Segmentation, Key Leading Countries, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.

For further information on this report, please visit- http://mrr.cm/4AZ

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