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Subsea Control Systems Market Share & Growth | Forecast 2031
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Subsea Control Systems Market Share & Growth | Forecast 2031

Segments - Subsea Control Systems Market by Types (Topside Subsea Control System and Underwater Subsea Control System), Components (Umbilical Assembly, Subsea Control Module, Master Control System, and Others), Applications (Production, Processing, and Others), and Regions (Asia Pacific, North America, Latin America, Europe and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

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Author : Raksha Sharma
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Editor : Rucha Phatak

Upcoming | Report ID :CM-4396 | 4.1 Rating | 76 Reviews | 210 Pages | Format : PDF Excel PPT

Report Description


The global subsea control systems market size is projected to expand at a CAGR of more than 2% during the forecast period, 2021-2028. The growth of the market is attributed to the increasing exploration and production of deep-water and ultra-deep-water.

Subsea Control Systems Market Key Takeaways

Subsea technology is a highly specialized field of application that is used for offshore production of oil & gas. The subsea control system is defined as a system that monitors and controls oil & gas subsea assets such as valves, subsea trees, templates, and pipelines. A subsea control system generally consists of components such as master control stations, hydraulic power units, electrical power units, subsea umbilical termination assembly, subsea control module, and others. It is a relatively low-cost system in comparison to the cost of drilling, pipe line installation, and others.

The oil & gas industry is driving the global economy. The oil & gas industry is not only a primary energy generator, but a major supplier of raw materials for chemical products such as fertilizers, pesticides, pharmaceuticals, and others. The global subsea control systems market plays an important role in ensuring stable and reliable operations of the oil & gas industry.  

  • Increasing subsea drilling activities from both developed and developing countries is expected to accelerate the market growth over the forecast period.
  • Expansion of oil & gas industry is the primary driver for the global subsea control systems market.
  • Fluctuating crude oil prices reduce investments on oil & gas industries significantly, which restrains the market growth.
  • Complex underwater conditions can make the operation of subsea control systems extremely difficult, which hinders the market growth.
  • Difficulties in manufacturing and maintaining subsea equipment hampers the market growth.
  • High raw material costs and expensive manufacturing technology are expected to restrain the demand for subsea control systems in the market.
  • Subsea wells installation trend is increasing, which is anticipated to drive the market in the forecast period.

Scope of the Report

The report on the global subsea control systems market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Subsea Control Systems Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Types (Topside Subsea Control System and Underwater Subsea Control System), Components (Umbilical Assembly, Subsea Control Module, Master Control System, and Others), and Applications (Production, Processing, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Dril-Quip, Inc.; TechnipFMC PLC.; Schlumberger Limited (OneSubsea); Oceaneering International; and Deep Down Inc. 

Market Segment Insights

Underwater subsea control system drives the market

On the basis of types, the subsea control systems market is bifurcated into topside subsea control system and underwater subsea control system. The underwater subsea control system segment is projected to drive the market during the forecast period. Rapid depletion of onshore oil & gas resources increased the exploration of subsea or underwater resources. Increasing subsea activities in countries such as the US, Egypt, Brazil, Qatar, and Iran is expected to create opportunities for market growth.

Subsea Control Systems Market By Types

Master control system holds major share of the market

Based on components, the market is segmented into umbilical assembly, subsea control module, master control system, and others. Out of these components, the master control system segment is expected to dominate the market during the forecast period. It is a fully integrated system, in which engineering, testing, and upgrades are carried out through a single system. The master control system works for both topside and subsea. The master control system, with its ability to monitor and control the subsea control system, remotely drives the market.

Processing segment fuels the market

In terms of applications, the market is divided into production, processing, and others. Though a relatively young technology, processing demonstrates reliability and serviceability of the subsea control system and its component units. This makes subsea processing a major driver of the market through the forecast period. Subsea processing includes subsea compression system, subsea boosting system, subsea injection systems and subsea separation systems.

Latin America dominates the market

On the basis of regions, the market is segregated into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Out of these regions, Latin America dominates the market. Libra oil field in Santos Basin is the largest oil field in Brazil with recoverable oil resources in the range of 7.9 - 15 billion barrels. Its development is expected to be completed in the forecast period. This is expected to maintain Latin America’s stronghold on the market.

Segments

The global subsea control systems market has been segmented on the basis of

Types
  • Topside Subsea Control System
  • Underwater Subsea Control System
Components
  • Umbilical Assembly
  •  Subsea Control Module
  •  Master Control System
  •  Others
Applications
  • Production
  • Processing
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players

Competitive Landscape

The global subsea control systems market is moderately consolidated with the presence of key players such as Dril-Quip, Inc.; TechnipFMC PLC.; Schlumberger Limited (OneSubsea); Oceaneering International; and Deep Down Inc. Players use techniques such as mergers, collaborations, partnerships, acquisitions, and product launches to strengthen their hold on the market.

Subsea Control Systems Market By Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Subsea Control Systems Market Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Subsea Control Systems Market Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Subsea Control Systems Market Market - Supply Chain
  4.5. Global Subsea Control Systems Market Market Forecast
     4.5.1. Subsea Control Systems Market Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Subsea Control Systems Market Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Subsea Control Systems Market Market Absolute $ Opportunity
5. Global Subsea Control Systems Market Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Subsea Control Systems Market Market Size and Volume Forecast by Types
     5.3.1. Topside Subsea Control System
     5.3.2. Underwater Subsea Control System
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Subsea Control Systems Market Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Subsea Control Systems Market Market Size and Volume Forecast by Applications
     6.3.1. Production
     6.3.2. Processing
     6.3.3. Others
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Subsea Control Systems Market Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Subsea Control Systems Market Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Subsea Control Systems Market Demand Share Forecast, 2019-2026
8. North America Subsea Control Systems Market Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Subsea Control Systems Market Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Subsea Control Systems Market Market Size and Volume Forecast by Types
     8.4.1. Topside Subsea Control System
     8.4.2. Underwater Subsea Control System
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Subsea Control Systems Market Market Size and Volume Forecast by Applications
     8.7.1. Production
     8.7.2. Processing
     8.7.3. Others
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Subsea Control Systems Market Demand Share Forecast, 2019-2026
9. Latin America Subsea Control Systems Market Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Subsea Control Systems Market Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Subsea Control Systems Market Market Size and Volume Forecast by Types
     9.4.1. Topside Subsea Control System
     9.4.2. Underwater Subsea Control System
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Subsea Control Systems Market Market Size and Volume Forecast by Applications
     9.7.1. Production
     9.7.2. Processing
     9.7.3. Others
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Subsea Control Systems Market Demand Share Forecast, 2019-2026
10. Europe Subsea Control Systems Market Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Subsea Control Systems Market Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Subsea Control Systems Market Market Size and Volume Forecast by Types
     10.4.1. Topside Subsea Control System
     10.4.2. Underwater Subsea Control System
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Subsea Control Systems Market Market Size and Volume Forecast by Applications
     10.7.1. Production
     10.7.2. Processing
     10.7.3. Others
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Subsea Control Systems Market Demand Share Forecast, 2019-2026
11. Asia Pacific Subsea Control Systems Market Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Subsea Control Systems Market Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Subsea Control Systems Market Market Size and Volume Forecast by Types
     11.4.1. Topside Subsea Control System
     11.4.2. Underwater Subsea Control System
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Subsea Control Systems Market Market Size and Volume Forecast by Applications
     11.7.1. Production
     11.7.2. Processing
     11.7.3. Others
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Subsea Control Systems Market Demand Share Forecast, 2019-2026
12. Middle East & Africa Subsea Control Systems Market Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Subsea Control Systems Market Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Subsea Control Systems Market Market Size and Volume Forecast by Types
     12.4.1. Topside Subsea Control System
     12.4.2. Underwater Subsea Control System
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Subsea Control Systems Market Market Size and Volume Forecast by Applications
     12.7.1. Production
     12.7.2. Processing
     12.7.3. Others
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Subsea Control Systems Market Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Subsea Control Systems Market Market: Market Share Analysis
  13.2. Subsea Control Systems Market Distributors and Customers
  13.3. Subsea Control Systems Market Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Dril-Quip, Inc.
     13.4.2. TechnipFMC PLC
     13.4.3. Schlumberger Limited (OneSubsea)
     13.4.4. Oceaneering International
     13.4.5. Deep Down Inc.

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