Thursday 9 April 2015,
The new report recognizes the following companies as the key players in the Global Subsea Processing Market: Aker Solutions, Cameron, FMC Technologies Inc. and GE Energy.
Other Prominent Vendors in the market are: National Oilwell Varco, Oceaneering International, Transocean and Vallourec.
Commenting on the report, an analyst from the report's team said: “One major trend in the market is the rapid advances in technology. Market players are investing huge amounts of funds to enhance oil and gas production. These technological advances include unlocking the potential of processing in harsh temperatures and pressures, boosting techniques through advanced booster pumps, gas injection for increased recovery, and the development of separation methods to separate oil at the production facility instead of separating it at the hub.”
According to the report, one of the main drivers in this market is the increase in the utilization of oil and gas across the world. As a result of increased utilization, governments worldwide are focusing on subsea processing technologies to increase their overall production. It is expected to propel the growth of the market during the forecast period.
Further, the report states that one of the major challenges confronting the market is the uncertainty associated with subsea production. Subsea processing requires a high level of technical expertise and any failure in the system may lead to revenue loss.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.