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This report estimates the subsea control systems market, in terms of market size. The market has been segmented into types (underwater & topside), applications (production, processing, & others), components (subsea control module, umbilical termination assembly, umbilical, master control systems, sensors, & others) and regions (North America, Europe, Asia-Pacific, the Middle East & Africa, and South America).
The subsea control system operates the valves and chokes on subsea trees, manifold/templates, and pipelines. It also receives and transmits the data between the surface and subsea, which helps engineers monitoring the status of production by indicating temperatures, pressures, sand detection, and so on.
Various secondary sources such as encyclopedia, directories, and databases have been used to identify and collect information useful for this extensive commercial study of global subsea control systems market. The primary sources, experts from industry and suppliers have been interviewed to obtain and verify critical information as well as to assess the future prospects of the subsea control systems market.
Europe held the largest market share in global subsea control systems market in 2013 and is expected to be the dominating region during the forecast period. The Middle East and Africa and South America stood at the second and third position, respectively in the global subsea control systems market. The subsea control systems market is led by players such as Aker Solutions (Norway), Drill-Quip Inc. (U.S.), FMC Technologies Inc. (U.S.), GE Oil & Gas (U.S.), Weatherford International Ltd. (Ireland), Halliburton (U.S.), and OneSubsea (Norway).
The report also touches upon various important aspects of the market. These include analysis of the value chain, supply chain, drivers, restraints, opportunities, challenges, Porter’s Five Forces model, and the competitive landscape. In addition to this, 12 key players of this market have also been profiled.