Subsea Control systems Market Highlights
The
Global Subsea Control
systems Market is estimated to
expand at 9.15% CAGR during the forecast period. Subsea control system is a
system which provides monitoring and control to oil & gas subsea assets
such as valves, subsea trees, templates, and pipelines. This system involves
the receiving and transmission of data between the surface and subsea systems.
The main component of a typical subsea control systems include electrical power
unit, master control stations, hydraulic power units, subsea umbilical
termination assembly, umbilicals, electrical & hydraulic flying leads, and
subsea control module. The subsea control system and auxiliary monitoring
devices can be installed near to subsea trees with open architecture
communications and modular designs.
Subsea control system is a framework which offers
control and monitoring to oil & gas subsea assets such as subsea trees,
valves, pipelines, and templates. This system requires obtaining and
transmitting data between the subsea and surface systems. The primary elements
of a typical subsea control system include master control stations, electrical
power unit, subsea umbilical termination assembly, hydraulic power units,
electrical & hydraulic flying leads, subsea control module, and umbilicals.
The auxiliary monitoring devices and subsea control system can be installed
close to subsea trees with modular designs and open architecture
communications.
The
growing demand for subsea control systems is attributed to recent trends of
deepwater and ultra-deepwater production. Moreover, growing offshore oil &
gas sector is also driving the market for subsea control systems. One of the
major restraints of the subsea control systems is difficulty in manufacturing
of subsea control system suitable for the harsh underwater environment.
Industry Segmentation
The
market for Subsea control systems is segmented based on component as subsea
control module, umbilical assembly, master control systems, and sensors, among
others.
Based
on component, the market is segmented as subsea control module, umbilical
assembly, master control systems, and sensors, among others. Subsea control
module segment is estimated to dominate the market during the forecast period
due to the fact that it is the brain of the tree. Moreover, it consists of
various other component which are an integral part of subsea control
systems.
The
subsea control module segment dominates the market due to the fact that it is
the brain of the tree. Moreover, it consists of various other component which
are an integral part of subsea control systems. This component include CPU,
communication boards, digital transmitter modules, hydraulic valves, and subsea
electronic module, among others.
Access Full Research Report at: https://www.marketresearchfuture.com/reports/subsea-control-systems-market-7141
Regional Analysis
Europe has been likely to lead the market for subsea
control systems. Region wise, in 2017, Europe held the highest market share of
the global subsea control systems market. The nations contributing to the key
market share of the region include Norway and UK. The demand for subsea control
systems, particularly in these regions can be increasingly attributed to the
surging deepwater drilling activities in the region along with growing subsea
outlays in these economies. These factors are propelling the demand for Subsea
control systems in this region.
Leading Players
The
key players of the global Subsea control systems Market are FMC Technologies
Inc. (US), Halliburton (US), GE Oil
& Gas Spa (US), Aker Solutions ASA (Norway), OneSubsea (US), Baker Hughes
(US), Kongsberg Gruppen (Norway), Proserve Group Inc. (UK), Oceaneering
International, Inc. (US), Siemens AG (Germany), Weatherford International (US),
and Hitec Products (Norway), among others.
About Market Research Future:
At
Market Research Future (MRFR), we enable our customers to unravel the complexity
of various industries through our Cooked Research Report (CRR), Half-Cooked
Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research
(CFR), and Market Research & Consulting Services.
No comments:
Post a Comment