Subsea Production and Processing Systems Market worth $24.6 Billion by 2018 - A Report by MarketsandMarkets

The subsea production systems market is worth nearly $17.0 billion in 2013 and is estimated to reach over $24.6 billion by 2018; and Latin American and African offshore are the dominating regions and are expected to grow significantly in the estimated period. (http://www.marketsandmarkets.com/Market-Reports/subsea-production-processing-systems-market-938.html)

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Key Players in the market are Aker Solutions (Norway), General Electric Co. (U.S.), Cameron (U.S.), FMC Technologies Inc. (U.S.), National Oilwell Varco (U.S.), and Oceaneering International Inc. (U.S.).

(PRWEB) May 17, 2014

The report “Subsea Production & Processing Systems Market - Global Trends & Forecast to 2018” defines and segments the subsea production and processing systems market with analysis and forecasting of the global revenue.

Browse more than 54 market data tables with 27 figures spread through 249 pages and in-depth TOC on "Subsea Production & Processing Systems Market by Technology/Components (Subsea Umbilicals, Risers, Flowlines, Trees, Control Modules, Manifolds), Types (Boosting, Injection, Separation, Compression), & Geography - Global Trends & Forecast to 2018."
http://www.marketsandmarkets.com/Market-Reports/subsea-production-processing-systems-market-938.html

Early buyers will receive 10% customization on this report.

Enquire before buying at http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=938.

The subsea production and processing systems market is likely to grow reasonably in upcoming years. The long-term drivers of the subsea market are well known. The relentless depletion of onshore and shallow water fields has compelled oil companies to focus on deep water areas where a combination of floating and subsea production units is used to extract hydrocarbons. In recent years, this trend has been reinforced by operators favoring technological risks over political risks, with oil companies preferring to leverage their technological capability in deeper water plays than to engage in places such as Iran and Venezuela that have an unpredictable business environment for investors.

The market has been estimated from demand side. This report breaks the market into smaller product segments. In order to provide a deeper understanding of the competitive landscape, the report profiles 23 companies in the subsea production and processing systems market.

The subsea production and processing systems market is valued at over $18 billion in 2013 and is forecasted to grow at a CAGR of 6% from 2013 to 2018 to reach more thant $24 billion by 2018. Subsea production systems are the major revenue generating equipment which generated around $17 billion revenue in 2013 and is expected to reach more than $22 billion by 2018.

Download PDF sample at http://www.marketsandmarkets.com/pdfdownload.asp?id=938.

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