Rising Offshore Oil & Gas Exploration and Production Activities to Aid Growth of Subsea Systems Market
Increase in the number of
offshore oil & gas projects along with technological advancements and
matured oil & gas fields to fuel global subsea systems market through 2024
According to a report published by TechSci Research on “Global
Subsea Systems Market By Type, By Subsea
Production Component, By Subsea Processing Technology, By Region, Competition,
Forecast & Opportunities, 2024”, global
subsea systems market is anticipated to witness growth at a CAGR of over
4% during forecast period on account of increasing focus on oil &
gas production from offshore fields, particularly activities in deep-water
reserves. Moreover, growing investments in oil and gas industry to meet the
rising demand is further bolstering the growth of global subsea systems market.
However, crude oil price
fluctuations and complex underwater conditions are restraining the growth of the
global subsea systems market.
Browse 2 market data Tables and 126 Figures
spread through 132 Pages and an in-depth TOC on " Global Subsea Systems Market"
https://www.techsciresearch.com/report/subsea-systems-market/4046.html
On the basis of type, global subsea
systems market is categorized into subsea processing system and subsea
production system. Among these types, subsea processing system category
accounted for a significant portion of the global subsea systems market in 2018.
The growth of this category can be attributed to increasing demand for oil and
gas technology upgradation.
Among
regions, North America accounts for a significant portion of global subsea
systems market on the back of offshore activities in the oil fields in the US and
Mexico. Moreover, APAC is also anticipated to witness
significant growth rate during the forecast period due to the reforms undertaken
by the governments for increasing oil production in the region.
Download
Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=4046
Customers
can also request for 10% free customization on this report.
“Global subsea systems market is likely to witness growth during
forecast period. Subsea systems market is witnessing a healthy growth in the MEA
region owing to rising investments in major oil producing African
nations, namely, Ghana, Nigeria, Angola, and Equatorial Guinea driven by large
new offshore discoveries. Additionally, it is also expected that growing demand
for energy in developing countries of Asia-Pacific, like China and Indonesia would
further fuel growth of global subsea systems market over the next five years.” said,
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“Global Subsea Systems Market By Type, By
Subsea Production Component, By Subsea Processing Technology, By Region,
Competition, Forecast & Opportunities, 2024” has evaluated the future growth
potential of global subsea systems market and provides statistics and
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges and
opportunities in global subsea systems market.
Contact
Mr.
Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]