ENG
Subsea Systems Market: Global Research Analysis and Forecast (2024-2030) Size, Share, Growth, Trend
Subsea Systems Market size was valued at US$ 11.12 Bn. in 2023. Global Subsea Systems Market is estimated to grow at a CAGR of 6.1% over the forecast period
Format : PDF | Report ID : SMR_357
Subsea Systems Market Overview:
Treatment and handling of produced fluids before reaching an onshore facility or production platform are referred to as subsea processing systems. A production system and a processing system are the two major components of subsea systems. They are typical wells found on seabeds in deep or shallow water. Floating production systems are another name for them. Subsea wells, seabed wellheads, a subsea tie-in to flowline system, subsea tree, subsea equipment, and control facilities are all part of modern subsea production systems. Oil production is going into deeper water due to rising demand, raising the required cost of production. Subsea systems are a major invention that allows industries to operate in deeper water, which helps to limit rising costs. The subsea systems market report is come up with the PESTLE analysis, PORTER's five force analysis and segment analysis on the basis of type, component, technology and region.
In recent years, there has been a substantial increase in demand for machineries and controls specifically developed for operations in deep- and ultra-deep-water settings due to the increased focus on the production of offshore oil and gas deposits. The logistics backbone of the subsea oil and gas production industry is often referred to as subsea control systems. As a result, the rapid increase in oil and gas production activities in subsea areas is going to drive the subsea systems market during the forecast period.
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Subsea Systems Market Dynamics:
Unique Advantages of Subsea System:
Subsea systems are good solutions for maximizing oil recovery in maturing offshore wells while also maintaining the stability of offshore basins. Subsea processing systems include equipment for hydrocarbon processing at the seabed, such as subsea boosting, separation, injection, and compression. Through proper field management, subsea processing increases the volume of oil and gas produced from offshore wells.
Growing Investment in Subsea System:
The subsea system market is being driven by increased activities linked to deepwater drilling along with increased investments in the oil and gas sectors in emerging nations. Sluggish oil prices across the globe are a major stumbling block to the market's growth. The liberalization of the oil and gas industry in Mexico presents the subsea systems market with numerous potential opportunities. In addition, rising E&P capital expenditures in nations like China, Nigeria, India, Angola, Ghana, and Equatorial Guinea provide oil operators exciting market development potential throughout the forecast period. The growth of the subsea systems market is being hampered by stringent environmental and safety requirements.
Growing Oil and Gas Business:
The global oil and gas business is shifting its focus to the offshore oil and gas industry due to rising global consumption of petrochemical goods, massive growth in demand for power and fuel, and the depletion of traditional onshore oil and gas deposits. This thriving offshore oil and gas industry is crucial to the global subsea systems market's strong growth prospects. The global subsea control systems market is also being driven by an increase in the number of exploration activities being conducted in non-traditional oil and gas exploration zones such as Latin America and Africa, as well as technological advancements enabling the development of precise and highly effective subsea production systems.
Due to the complexities of undersea circumstances, developing subsea control systems is extremely difficult. To some extent, this aspect may operate as a restraint on the subsea systems market. Despite this, the growing demand for effective subsea control systems in the offshore oil and gas industry will help enterprises get a good return on their research and development investmen
Subsea system manufacturer’s significant advancements:
- Halliburton's newest subsea safety solutions are intended for a variety of applications, including exploration, appraisal, completion, and intervention. Their technologies handle deep water safety issues while also providing the necessary well control in highly regulated environments. From emergency well shutoffs to active monitoring, Halliburton subsea solutions keep wells flowing without causing environmental damage.
- Similarly, OneSubsea's latest Agile Subsea Production Systems (SPS) deliver the responsiveness, functionality, and reliability that a lifetime of subsea production necessitates. Agile SPS increases subsea performance from appraisal through abandonment by leveraging the industry’s most dynamic and flexible subsea production technologies. This allows the field to attain its full economic potential.
- Similarly, a contract has been issued to Ocean Electricity Technologies (OPT) to examine the deployment and operational requirements of their PB3 PowerBuoy for providing "remotely regulated zero-carbon power" for subsea oil production. The study will investigate into using OPT's PB3 PowerBuoy and a subsea battery to reduce the cost and carbon emissions associated with powering and controlling standard subsea oil and gas production equipment.
Subsea Systems Market Segment Analysis:
By Type, the Subsea Systems Market is segmented into Subsea Production Systems and Subsea Processing Systems. The Subsea Production Systems segment dominated the market with 64.1% in 2023. Offshore exploration and production (E&P) activities have increased in recent years as the number of maturing onshore oilfields has increased. For example, in the Permian Region, which is currently the most important basin in terms of crude oil production, production from aging wells has begun to fall, and fresh discoveries in these areas are limited. Deepwater field output is predicted to reach 7.9 million barrels per day by 2027 and 9 million barrels per day by 2040, because of increased deepwater and ultra-deepwater activity in the South American, European, and North American regions. As a result, demand for subsea production systems is expected to rise, propelling the subsea system market growth.
Subsea Systems Market Regional Insights:
The South American region dominated the market with a 34% share in 2023. Brazil and the United States together produced more than 83% of the world's ultra-deepwater oil and gas in 2019. Brazil is a world leader in the development of deepwater and ultra-deepwater projects, according to the EIA. The Libra oil field in Brazil's Santos Basin is an ultra-deep-water basin that is the country's largest oil field. Such initiatives are expected to have a beneficial impact on the subsea systems market throughout the forecast period. The current investment and future projects in deepwater and ultra-deepwater in the region are expected to boost the growth of the subsea systems market in the South America region during the forecast period.
The Middle East and Africa region are expected to witness significant growth at a CAGR of 5.4% during the forecast period. The region’s growth is attributed to industrial operations in the GCC, such as Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. This region is a significant geographical zone in the case of the subsea systems market since it has 50% of the world's oil reserves.
The objective of the report is to present a comprehensive analysis of the Global Subsea Systems Market to the stakeholders in the industry. The report provides trends that are most dominant in the Global Subsea Systems Market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the global market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.
The qualitative and quantitative data provided in the Global Subsea Systems Market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Global Subsea Systems Market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the global market.
The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals are existing, who they are, and how their product quality is in the Global Subsea Systems Market. The report also analyses if the Global Subsea Systems Market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly if the market is dominated by a few players, etc.
The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Global Subsea Systems Market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Global Subsea Systems Market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Global Subsea Systems Market is aided by legal factors.
Subsea Systems Market Scope:
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Subsea Systems Market |
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Market Size in 2023 |
USD 11.12 Bn. |
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Market Size in 2030 |
USD 16.84 Bn. |
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CAGR (2024-2030) |
6.1% |
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Historic Data |
2018-2022 |
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Base Year |
2023 |
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Forecast Period |
2024-2030 |
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Segment Scope |
By Component
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By Type
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By Technology
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Regional Scope |
North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America |
Subsea Systems Market Key Players:
- Subsea 7 SA (U.K.)
- FMC Technologies (U.S.)
- GE Oil & Gas (U.S.)
- Aker Solutions (Norway)
- One Subsea (U.S.)
- Technip (France)
- Dril-Quip, Inc. (U.S.)
- Oceaneering International, Inc. (U.S.)
- Proserv Group Inc. (U.K.)
- Kongsberg Oil & Gas Technologies (Norway).
- Halliburton (U.S)
- Aker Solutions ASA (Norway)
- Baker Hughes (U.S)
- Siemens AG (Germany)
- Weatherford International (U.S)
- Hitec Products (Norway)
Frequently Asked Questions
The North American region is expected to hold the highest share in the Subsea Systems Market.
The market size of the Subsea Systems Market by 2030 is expected to reach at US$ 16.84 Bn.
The forecast period for the Subsea Systems Market is 2024-2030
The market size of the Subsea Systems Market in 2023 was valued at US$ 11.12 Bn.
Chapter 1 Scope of the Report
Chapter 2 Research Methodology
2.1. Research Process
2.2. Global Subsea Systems Market: Target Audience
2.3. Global Subsea Systems Market: Primary Research (As per Client Requirement)
2.4. Global Subsea Systems Market: Secondary Research
Chapter 3 Executive Summary
Chapter 4 Competitive Landscape
4.1. Market Share Analysis, By Value, 2023-2030
4.1.1. Market Share Analysis, By Region, By Value, 2023-2030 (In %)
4.1.1.1. North America Market Share Analysis, By Value, 2023-2030 (In %)
4.1.1.2. Europe Market Share Analysis, By Value, 2023-2030 (In %)
4.1.1.3. Asia Pacific Market Share Analysis, By Value, 2023-2030 (In %)
4.1.1.4. South America Market Share Analysis, By Value, 2023-2030 (In %)
4.1.1.5. Middle East and Africa Market Share Analysis, By Value, 2023-2030 (In %)
4.1.2. Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.1. North America Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.1.1. USA Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.1.2. Canada Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.1.3. Mexico Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.2. Europe Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.2.1. UK Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.2.2. France Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.2.3. Germany Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.2.4. Italy Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.2.5. Spain Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.2.6. Sweden Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.2.7. Austria Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.2.8. Rest of Europe Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.3. Asia Pacific Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.3.1. China Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.3.2. India Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.3.3. Japan Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.3.4. South Korea Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.3.5. Australia Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.3.6. ASEAN Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.3.7. Rest of APAC Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.4. South America Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.4.1. Brazil Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.4.2. Argentina Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.4.3. Rest of South America Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.5. Middle East and Africa Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.5.1. South Africa Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.5.2. GCC Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.5.3. Egypt Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.5.4. Nigeria Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.2.5.5. Rest of Middle East and Africa Market Share Analysis, By Type, By Value, 2023-2030 (In %)
4.1.3. Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.1. North America Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.1.1. USA Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.1.2. Canada Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.1.3. Mexico Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.2. Europe Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.2.1. UK Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.2.2. France Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.2.3. Germany Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.2.4. Italy Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.2.5. Spain Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.2.6. Sweden Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.2.7. Austria Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.2.8. Rest of Europe Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.3. Asia Pacific Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.3.1. China Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.3.2. India Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.3.3. Japan Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.3.4. South Korea Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.3.5. Australia Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.3.6. ASEAN Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.3.7. Rest of APAC Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.4. South America Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.4.1. Brazil Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.4.2. Argentina Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.4.3. Rest of South America Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.5. Middle East and Africa Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.5.1. South Africa Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.5.2. GCC Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.5.3. Egypt Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.5.4. Nigeria Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.5.5. Rest of Middle East and Africa Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.4. Market Share Analysis, By Technology, By Value, 2023-2030 (In %)
4.1.4.1. North America Market Share Analysis, By Technology, By Value, 2023-2030 (In %)
4.1.4.1.1. USA Market Share Analysis, By Technology, By Value, 2023-2030 (In %)
4.1.4.1.2. Canada Market Share Analysis, By Technology, By Value, 2023-2030 (In %)
4.1.4.1.3. Mexico Market Share Analysis, By Technology, By Value, 2023-2030 (In %)
4.1.4.2. Europe Market Share Analysis, By Technology, By Value, 2023-2030 (In %)
4.1.4.2.1. UK Market Share Analysis, By Technology, By Value, 2023-2030 (In %)
4.1.4.2.2. France Market Share Analysis, By Technology, By Value, 2023-2030 (In %)
4.1.4.2.3. Germany Market Share Analysis, By Technology, By Value, 2023-2030 (In %)
4.1.4.2.4. Italy Market Share Analysis, By Technology, By Value, 2023-2030 (In %)
4.1.4.2.5. Spain Market Share Analysis, By Technology, By Value, 2023-2030 (In %)
4.1.4.2.6. Sweden Market Share Analysis, By Technology, By Value, 2023-2030 (In %)
4.1.4.2.7. Austria Market Share Analysis, By Technology, By Value, 2023-2030 (In %)
4.1.4.2.8. Rest of Europe Market Share Analysis, By Technology, By Value, 2023-2030 (In %)
4.1.4.3. Asia Pacific Market Share Analysis, By Technology, By Value, 2023-2030 (In %)
4.1.4.3.1. China Market Share Analysis, By Technology, By Value, 2023-2030 (In %)
4.1.4.3.2. India Market Share Analysis, By Technology, By Value, 2023-2030 (In %)
4.1.4.3.3. Japan Market Share Analysis, By Technology, By Value, 2023-2030 (In %)
4.1.4.3.4. South Korea Market Share Analysis, By Technology, By Value, 2023-2030 (In %)
4.1.4.3.5. Australia Market Share Analysis, By Technology, By Value, 2023-2030 (In %)
4.1.4.3.6. ASEAN Market Share Analysis, By Technology, By Value, 2023-2030 (In %)
4.1.4.3.7. Rest of APAC Market Share Analysis, By Technology, By Value, 2023-2030 (In %)
4.1.4.4. South America Market Share Analysis, By Technology, By Value, 2023-2030 (In %)
4.1.4.4.1. Brazil Market Share Analysis, By Technology, By Value, 2023-2030 (In %)
4.1.4.4.2. Argentina Market Share Analysis, By Technology, By Value, 2023-2030 (In %)
4.1.4.4.3. Rest of South America Market Share Analysis, By Technology, By Value, 2023-2030 (In %)
4.1.4.5. Middle East and Africa Market Share Analysis, By Technology, By Value, 2023-2030 (In %)
4.1.4.5.1. South Africa Market Share Analysis, By Technology, By Value, 2023-2030 (In %)
4.1.4.5.2. GCC Market Share Analysis, By Technology, By Value, 2023-2030 (In %)
4.1.4.5.3. Egypt Market Share Analysis, By Technology, By Value, 2023-2030 (In %)
4.1.4.5.4. Nigeria Market Share Analysis, By Technology, By Value, 2023-2030 (In %)
4.1.4.5.5. Rest of Middle East and Africa Market Share Analysis, By Technology, By Value, 2023-2030 (In %)
4.2. Stellar Competition matrix
4.2.1. Global Stellar Competition Matrix
4.2.2. North America Stellar Competition Matrix
4.2.3. Europe Stellar Competition Matrix
4.2.4. Asia Pacific Stellar Competition Matrix
4.2.5. South America Stellar Competition Matrix
4.2.6. Middle East and Africa Stellar Competition Matrix
4.3. Key Players Benchmarking
4.3.1. Key Players Benchmarking By Type, Pricing, Market Share, Investments, Expansion Plans, Physical Presence and Presence in the Market.
4.4. Mergers and Acquisitions in Industry
4.4.1. M&A by Region, Value and Strategic Intent
4.5. Market Dynamics
4.5.1. Market Drivers
4.5.2. Market Restraints
4.5.3. Market Opportunities
4.5.4. Market Challenges
4.5.5. PESTLE Analysis
4.5.6. PORTERS Five Force Analysis
4.5.7. Value Chain Analysis
Chapter 5 Global Subsea Systems Market Segmentation: By Type
5.1. Global Subsea Systems Market, By Type, Overview/Analysis, 2023-2030
5.2. Global Subsea Systems Market, By Type, By Value, Market Share (%), 2023-2030 (USD Million)
5.3. Global Subsea Systems Market, By Type, By Value, -
5.3.1. Subsea Production Systems
5.3.2. Subsea Processing Systems
Chapter 6 Global Subsea Systems Market Segmentation: By Component
6.1. Global Subsea Systems Market, By Component, Overview/Analysis, 2023-2030
6.2. Global Subsea Systems Market Size, By Component, By Value, Market Share (%), 2023-2030 (USD Million)
6.3. Global Subsea Systems Market, By Component, By Value, -
6.3.1. Surf
6.3.2. Subsea trees
6.3.3. Subsea control systems
6.3.4. Subsea manifolds
Chapter 7 Global Subsea Systems Market Segmentation: By Technology
7.1. Global Subsea Systems Market, By Technology, Overview/Analysis, 2023-2030
7.2. Global Subsea Systems Market Size, By Technology, By Value, Market Share (%), 2023-2030 (USD Million)
7.3. Global Subsea Systems Market, By Technology, By Value, -
7.3.1. Boosting
7.3.2. Separation
7.3.3. Injection
7.3.4. Compression System
Chapter 8 Global Subsea Systems Market Segmentation: By Region
8.1. Global Subsea Systems Market, By Region – North America
8.1.1. North America Subsea Systems Market Size, By Type, By Value, 2023-2030 (USD Million)
8.1.2. North America Subsea Systems Market Size, By Component, By Value, 2023-2030 (USD Million)
8.1.3. North America Subsea Systems Market Size, By Technology, By Value, 2023-2030 (USD Million)
8.1.4. By Country – U.S.
8.1.4.1. U.S. Subsea Systems Market Size, By Type, By Value, 2023-2030 (USD Million)
8.1.4.2. U.S. Subsea Systems Market Size, By Component, By Value, 2023-2030 (USD Million)
8.1.4.3. U.S. Subsea Systems Market Size, By Technology, By Value, 2023-2030 (USD Million)
8.1.4.4. Canada Subsea Systems Market Size, By Value, 2023-2030 (USD Million)
8.1.4.5. Mexico Subsea Systems Market Size, By Value, 2023-2030 (USD Million)
8.2. Europe Subsea Systems Market Size, By Value, 2023-2030 (USD Million)
8.2.1. UK
8.2.2. France
8.2.3. Germany
8.2.4. Italy
8.2.5. Spain
8.2.6. Sweden
8.2.7. Austria
8.2.8. Rest of Europe
8.3. Asia Pacific Subsea Systems Market Size, By Value, 2023-2030 (USD Million)
8.3.1. China
8.3.2. India
8.3.3. Japan
8.3.4. South Korea
8.3.5. Australia
8.3.6. ASEAN
8.3.7. Rest of APAC
8.4. Middle East and Africa Subsea Systems Market Size, By Value, 2023-2030 (USD Million)
8.4.1. South Africa
8.4.2. GCC
8.4.3. Egypt
8.4.4. Nigeria
8.4.5. Rest of Middle East and Africa
8.5. South America Subsea Systems Market Size, By Value, 2023-2030 (USD Million)
8.5.1. Brazil
8.5.2. Argentina
8.5.3. Rest of South America
Chapter 9 Company Profiles
9.1. Key Players
9.1.1. Subsea 7 SA (U.K.)
9.1.1.1. Company Overview
9.1.1.2. Tube Portfolio
9.1.1.3. Financial Overview
9.1.1.4. Business Strategy
9.1.1.5. Key Developments
9.1.2. FMC Technologies (U.S.)
9.1.3. GE Oil & Gas (U.S.)
9.1.4. Aker Solutions (Norway)
9.1.5. One Subsea (U.S.)
9.1.6. Technip (France)
9.1.7. Dril-Quip, Inc. (U.S.)
9.1.8. Oceaneering International, Inc. (U.S.)
9.1.9. Proserv Group Inc. (U.K.)
9.1.10. Kongsberg Oil & Gas Technologies (Norway).
9.1.11. Halliburton (U.S)
9.1.12. Aker Solutions ASA (Norway)
9.1.13. Baker Hughes (U.S)
9.1.14. Siemens AG (Germany)
9.1.15. Weatherford International (U.S)
9.1.16. Hitec Products (Norway)
9.2. Key Findings
9.3. Recommendations
