Subsea Hardware Market Investigation of Leading Players, Drivers and Indicators 2015

World Subsea Hardware Market Forecast 2015-2019

Published Date:9-April-2015Geographical Coverage: GlobalReport URL: http://emarketorg.com/pro/world-subsea-hardware-market-forecast-2015-2019/

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Subsea Hardware Market Capex to hit $145 Billion by 2019 Subsea Hardware Market research forecasts global subsea hardware Capex will total $145 billion (bn) between 2015 and 2019. This represents growth of more than 27% compared with the preceding five-year period.

Subsea Hardware Spend To Remain High, Due to Order BacklogThis research forecasts global subsea hardware Capex will total $145 billion (bn) between 2015 and 2019. This represents growth of more than 27% compared with the preceding five-year period. The 350 subsea tree installations in 2014 represent the highest volume of installed units on record, a trend expected to continue until 2018 when lower orders in the current commercial environment will drive a decline in trees installed for that year.


The crude oil price decline, apparent since June 2014, presents a major challenge for operators of subsea developments. Subsea projects are typically among the most capital intensive and technologically challenging in the industry. As operators (and their investors) have increased focus on cash flow, the higher upfront costs associated with these projects have left them vulnerable to deferrals and cancellations. Tree orders in 2014 totalled 233, the lowest volume for a decade.

Despite these near-term concerns, the long-term fundamentals of the subsea hardware industry are strong and represent a growth story as they benefit from continued hydrocarbon demand growth, declining conventional reserves and technological improvements. Over the next five years, development activity in the established deepwater provinces, coupled with the start of field development in frontier areas, such as the Eastern Mediterranean and East Africa, will support expenditure.


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Subsea hardware spend will be the highest in Africa, Asia and Latin America, with the three regions combining to form almost half of the global total. Expenditure continues trending towards deeper waters with around 42% of total spend in the next five years targeting projects in water depths greater than 1,000 metres.

Subsea production equipment, SURF and pipelines each attract approximately one third of all expenditure by component, with higher capacity and capability equipment a theme throughout the sector. The development of remote fields, the addition of new project phases and the tie-back of satellite fields into subsea hubs continue to support SURF expenditure over the forecast period.






The World Subsea Hardware Market Forecast 2015-2019 details specific subsea hardware trends by region and component supported by analysis, insight and industry consultation, and includes:Drivers & indicators – a discussion of factors influencing subsea hardware installation activity including oil & gas prices and deepwater production to offset declining production from onshore and shallow water basins.Supply chain analysis – detailing the key players within the subsea hardware market and analysis of top manufacturers’ subsea orders and backlog.Regional & component forecasts – by region, noting key projects & operators and by subsea production hardware (trees, controls, templates & manifolds, flying leads, jumpers), SURF and trunklines Capex and units/km installed. Each regional forecast is broken down by water depth category.






Why purchase the World Subsea Hardware Market Forecast?The market forecasting is trusted by sector players worldwide, with clients including the world’s top-10 oil & gas companies, top-10 oilfield services companies and top-10 private equity firms. The report is relevant to strategy teams within subsea manufacturing, subsea services, drilling operations and offshore construction companies as well as financial institutions.






Proven approach includes:Unique and proprietary data – updated year-round from published sources and insight gained from industry consultation.Detailed methodology – based on a thorough scrutiny of data which enables forecasts to be established on a project-by-project basis, taking into account factors such as project size, location, progress to date, operator workload, etc. The research takes a conservative view of the prospects for the subsea sector, to reflect the delays and schedule overruns that are fairly common in the industry.Comprehensive market forecasts – examination, analysis and 10-year coverage of expenditure by region, depth and hardware type: subsea production hardware, SURF and trunklines.Concise report layout – consistent with a commitment to delivering value for clients, all market forecasts have a concise layout consisting of industry background and supporting materials condensed to enable quick review with ‘speed-read’ summaries of key points throughout.






Detailed Table of Contents for World Subsea Hardware Market report are: 1 Summary & Conclusions 7Summary 8Conclusions 92 Drivers & Indicators 10Population & GDP Growth Drive Energy Demand 11Offshore Oil & Gas12Oil – Supply & Demand 13Natural Gas 14Oil & Gas Challenges 15Impact of Oil Prices on Companies 16Importance of Brazil to the Subsea Market 17Deepwater Focus Areas 18






Detailed Table of Contents for World Subsea Hardware Market report are: Methodology: Market Modelling 32Hardware Assumptions 33The World Subsea Hardware Market – Regional Analysis 34The World Subsea Hardware Market – Component Analysis 35The World Subsea Hardware Market – Water Depth and Units 36Africa – Capex 37Africa – Units 38Asia – Capex 39Asia – Units 40Australasia – Capex 41Australasia – Units 42






Detailed Table of Contents World Subsea Hardware Market report are:

Eastern Europe & FSU – Capex 43Eastern Europe & FSU – Units 44Latin America – Capex 45Latin America – Units 46Middle East – Capex 47Middle East – Units 48North America – Capex 49North America – Units 50Norway – Capex 51Norway – Units 52






Detailed Table of Contents for World Subsea Hardware Market report are: 5 The Deepwater Market Forecast Introduction Forecasting and Potential Upside Assumptions Methodology The World Deepwater Market – By Region The World Deepwater Market – By Component Africa Asia Australasia Eastern Europe & FSU Latin America






Detailed Table of Contents for World Subsea Hardware Market report are: Rest of Western Europe – Capex 53Rest of Western Europe – Units 54United Kingdom – Capex 55United Kingdom – Units 566 Appendix 57Data and Text Conventions 58

Subsea Hardware market report is supported with 35 tables and 45 figures






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Subsea Hardware Market Investigation of Leading Players, Drivers and Indicators 2015