Oil and Gas Subsea Power Grid Market (Component: Variable Speed Drivers, Transformers, Switch Gear, Power Cables, Connectors, Others; Configuration: Topside/Shore, Seabed; End User: Production Facilities, Drilling Rigs, Floating Production System, Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2017 - 2023

Category : Energy and Power | Delivery Format : PDF | Status: Published | Pages : 131

Introduction

An interconnected network of transformers, power cables, variable speed drives and switchgear forms subsea power grid system. The development of oil and gas industry lies with the future growth of complex reserves. In the production of oil and gas, the subsea processing system in the offshore wells is a cost-effective solution. To power the subsea processing equipment, the oil and gas subsea power grid is quintessential such as pumps, subsea compressor, and motors among others. Oil and gas subsea power grid not only offers constant power supply to the subsea process facilities, but also contributes in increasing power requirement.

Market Dynamics

Rise in subsea power load, high reliability and minimum maintenance cost, increasing energy demand and increasing deep-sea oil and gas operations are some key factors driving the growth of this market. However, low investments by countries in oil and gas sector and volatile prices of oil and gas are restraining the growth of this market. Marinization of existing equipment and technology and rising CAPEX on subsea oil and gas facilities are the factors proving to be ongoing trend in this market. In addition, increasing use of subsea processing system in oil and gas production is also a major trend for this market growth. Progress of seabed power grid and development of power system constituents operating at high sea depth are expected to provide future growth opportunity to oil and gas subsea power grid market.

Based on Geography, Middle East Africa (MEA), in 2016, dominated the oil and gas subsea power grid market. Subsea plans in African region in large-scale is expected to compel the evolution of this market during the forecast period. South America, followed by Middle East & Africa (MEA), was the second largest market segment in 2016. Furthermore, Brazil with many arenas of subsea procedures has turn out to be a center of subsea evolution in South American region. The enhancement in long step out power grid configuration has compelled the trading for subsea power cables. The oil and gas trade is progressively deploying the beneficial subsea processing system to surge production. The progression of power grid constituents that can bear the extraordinary force of water column drives the development of seabed power grid segment.

Report coverage

Market

 Global Oil and Gas Subsea Power Grid Market

Analysis Period

2013 – 2023

Base Year

2016

Forecast Data

2017 – 2023

Market Stratification

Component, Configuration, End User, Geography

Regional Scope

North America, Europe, Asia-Pacific, Middle East & Africa (MEA) and Rest of the World (RoW)

Report Coverage

Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis,

Player Profiling, Value Chain Analysis

 

The market research study on Oil and Gas Subsea Power Grid Market (Component: Variable Speed Drivers, Transformers, Switch Gear, Power Cables, Connectors, Others; Configuration: Topside/Shore, Seabed; End User: Production Facilities, Drilling Rigs, Floating Production System, Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2017 – 2023 offers a detailed study on oil and gas subsea power grid market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact analysis are provided. Information about Porter's five forces analysis is also mentioned. The report provides insights on global oil and gas subsea power grid market, its component, configuration, end user, and major geographic regions. The report covers the basic development policies and layouts of technology development processes. Secondly, the report covers global oil and gas subsea power grid market size, and the segment markets by component, configuration, end user, and geography along with the information on companies operating in the market. The oil and gas subsea power grid market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Middle East & Africa (MEA) and Rest of the World (RoW). For each region, the market sizes for different segments have been covered under the scope of report. There are large numbers of oil and gas subsea power grid manufacturers present in the market. Some of the major manufacturers include Expro International Group Holdings Limited, Subsea Technology Group AS, General Electric, Aker Solutions, Drill-Quip Inc., Siemens, Cameron International Corporation, FMC Technology, ABB and Schneider Electric among others.

The global oil and gas subsea power grid market is segmented as below:

Market Segmentation
 
Market By Component
  • Variable Speed Drivers
  • Transformers
  • Switch Gear
  • Power Cables
  • Connectors
  • Others
Market By Configuration
  • Topside/Shore
  • Seabed
Market By End User
  • Production Facilities
  • Drilling Rigs
  • Floating Production System
  • Others
Market By Geography
  • North America
    • U.S.
    • Canada 
    • Rest of North America
  • Europe
    • Norway
    • U.K.
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Australia
    • Malaysia
    • Rest of Asia-Pacific
  • Middle East and Africa (MEA)
    • Saudi Arabia
    • Nigeria
    • UAE
    • Abu Dhabi
    • Angola
    • Rest of Middle East and Africa (MEA)
  • Rest of the World (RoW)
    • Brazil
    • Argentina
    • Rest of the World (RoW)


FAQ

Biogas Market By Application (Heating, Electricity, CHP, Vehicle Fuel, Others), By Source (Agricultural Waste, Landfill, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019– 2026

The global biogas market is expected to grow at significant CAGR of over 5.8% over the forecast period 2019 to 2026 and will reach around US$ 32 billion by 2026. Biogas is a biofuel naturally formed from the breakdown of organic waste. It is generally used for direct combustion or heating, generating electricity, combined heat and power (CHP) generation, and other applications such

PV Inverter Market (By Product: String, Central, Micro, Other; By End Use: Residential, Commercial & Industrial, Utilities) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

The global PV inverter market size is expected to worth around US$ 12.1 billion by 2026 and forecasted to grow at a CAGR of 8.1% over the forecast time frame 2019 to 2026. The report provides analysis of global PV Inverter market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.  Market Insights Growing legislative worry to mitigate GHG emissions along with

Floating Liquefied Natural GAS (FLNG) Market ( By Technology: LNG EPSO, FSRU; By Capacity: Small Scale, Mid Scale, Large Scale; ) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

The global floating liquefied natural gas (FLNG) market is forecasted to grow at striking CAGR around 5.2% over the forecast time frame and reach around US$ 17.5 billion by 2026. The report provides analysis of global floating liquefied natural gas (FLNG) market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.  Market Insights Increasing demand for clean fu

Marine Engines Market (By Fuel: LNG, Hybrid, MDO, MGO, Others; by Power: 10,000-20,000 HP, > 20,000 HP, 5,000-10,000 HP, 1,000-5,000 HP, < 1,000 HP; by Technology: High Speed, Moderate Speed, Low Speed; By Propulsion: 4-stroke, 2-stroke; By Application: Recreational, Offshore, Commercial, Navy, Others) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

According to Acumen Research and Consulting, the global marine engines market size is expected to reach around US$ 14.4 billion by 2026 and anticipated to grow at a CAGR of 4.5 % over the forecast time period 2019 to 2026. Marine motors are used to power offshore ships, business ships and other naval ships working on a range of fuels, including gas oil, diesel petroleum, hybrids and LNG. The main considerations in item assembly include fuel efficiency, si

Hydraulic Fracturing Market (By Technology: Sliding Sleeve, Plug and Perf; By Material: Proppant, Others; By Application: Tight oil, Shale Gas, CBM, Tight Gas, Others) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

According to Acumen Research and Consulting, the global hydraulic fracturing market size is anticipated to hit around US$ 83 billion by 2026 and growing at a CAGR of 11.8% over the forecast time period 2019 to 2026. Hydraulic fracturing is a well-stimulated technique that allows the flux of hydrocarbon to the surface to create fractures in rock formations. Fractures consist of pumping big quantities of fluid at elevated stress, including proppants such as

Offshore Wind Cable Market (By Technology: Inter Array, Export; By Conductor Material: Copper, Aluminum) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

According to Acumen Research and Consulting, the global offshore wind cable market size is poised to worth around US$ 3 billion by 2026 and anticipated to grow at a CAGR of 16% from period 2019 to 2026. The report provides analysis of global offshore wind cable market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year. Market Insights  The ene

Cart Summary