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Silicone elastomers market size, share industry analysis & forecast, 2023

Global silicone elastomers market size is forecast to reach USD 12.8 billion by 2023; as per a new research report by Global Market Insights, Inc. Superior mechanical and chemical properties, compared to other elastomers and positive growth outlook across application market is likely to drive silicone elastomers market size to over 1,500 kilo tons by 2023.

U.S. silicone elastomers market size, by application, 2013-2023 (KT)

U.S. silicone elastomers market size, by application, 2013-2023 (KT)

Extended lifetime and a wide temperature operating range, low toxicity, low flammability, low smoke density, inertness to chemicals & solvents, oil & fuel resistance, and high productivity are some key attributes assisting industry penetration. Strong R&D focus for application development should create growth opportunities.

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HTV (High Temperature Vulcanize) silicone elastomer market size is forecast to witness 5.2% CAGR growth from 2016 to 2023. Room Temperature Vulcanize (RTV) industry revenue is forecast to exceed USD 1.3billion by 2023.

Silicone elastomers market share holds over 45% of the overall silicone industry. Silicone can be transformed into a number of products including adhesives, coatings, sealants, lubricants oils, and resins. Rise in ageing population and urge to stay personable in the generation are some major factors that are expected to fuel the silicone implant industry.

Key insights from the report include:

  • Global silicone elastomer market size was over USD 7.1 billion in 2015, with 7.6% CAGR expectation from 2016 to 2023.
  • Construction silicone elastomers market share is forecast to exceed USD 5.5 billion by 2023. With infrastructure spending in China, India and South-east Asia expected to rise by 10% every year; APAC will be the most attractive region for these applications.

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  • Electronic silicone elastomers market growth should be over 8% CAGR from 2016 to 2023. Healthcare is a relatively unexplored application for industry participants. Technology innovation and demographic trends are likely to offer potential growth throughout the forecast period.
  • APAC was dominated by India and China silicone elastomers market share. Other developing markets such as Middle East & Africa are projected to experience brisk growth in areas such as automotive, construction, healthcare, consumer goods and electrical & electronics.
  • South Korea silicone elastomers industry saw over 76 kilo tons consumption in 2015. Europe and North America are relatively sluggish regions. Smaller regional avenues such as Central & South America are expected to witness strong overall growth.
  • The global industry is fairly concentrated, with over 80% share being dominated by top companies. Dow, Wacker, Momentive and Shin-Etsu dominate the production landscape.
  • Industry value chain comprises raw material producers, silicone elastomer manufacturers, distributors, and end-use applications.

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Global synthetic paper market size to exceed USD 405 million by 2023: Global Market Insights, Inc.

Global synthetic paper market size was estimated at 130.8 kilo tons in 2015, as per the latest research report by Global Market Insights, Inc. Stringent environment protection regulations for sustainability will drive global synthetic paper market size as an alternative to wood pulp.

Packaging & labeling industry expansion and the need to have sustainable and environment friendly paper solution will play an important role in instigating demand. Biaxially Oriented Polypropylene (BOPP) synthetic paper market segment was the largest, with consumption of over 77 kilo tons in 2015. Easy coating, laminating, and printing process coupled with cost benefits were key influencing factors.

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Global non-label synthetic paper market share is projected to exceed 127 kilo tons up to 2023. Non label applications were the most preferable owing to longer life span and are majorly used in making banners, maps, and graphics.

MEA synthetic paper market size, by product, (KT), 2012-2023

MEA synthetic paper market size, by product, (KT), 2012-2023

Europe high density polyethylene (HDPE) synthetic paper industry was close to USD 26 million in 2015 and is predicted to grow at rapid pace with over 6.3% CAGR up to 2023.

Low crude oil prices over the last two years have resulted in correction of synthetic paper market price. This trend may witness a slight upswing in industry costing from 2017 with expected recovery in crude oil prices. Being key feedstock, HDPE and polypropylene (PP) costs play a significant role in deciding industry profitability.

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Key insights from the report include:

  • Global synthetic paper market size is projected to register 209.7 kilo tons by 2023, with an estimated gains at 6.1%.
  • Label market growth is estimated to be the highest, with gains at 6.3% up to 2023 and predicted to exceed 80 kilo tons. Important uses include stack & shrink labels, pressure sensitive, in-mold and wraparound labels.
  • HDPE product revenue exceeded USD 87 million in 2015 with 7% CAGR forecast up to 2023.
  • APAC, led by China synthetic paper market size, was the dominant regional industry and accounted for more than 37% of the total demand in 2015. BOPP demand was the highest in APAC and registered close to USD 55 million in 2015.
  • Low manufacturing cost in India and China may attract new investment in the region.
  • North America, influenced by U.S. industry growth and regulatory compliance, registered over USD 55 million in 2015 North America label market is predicted to witness significant growth at 7.0% in revenue terms up to 2023 due to strong application scope in pharmaceutical and food & beverages packaging.
  • Synthetic paper market share is highly consolidated with key MNCs holding large market share and catering to over 75% of the total demand. Yopu Corporation, PPG Industries, Arjobex, and DuPont were among the leading MNCs. Joint Venture and product portfolio expansion are among the key growth strategies.
  • Other industry participants include Hop Industries, American Profol, Taghleef Industries, Neenah Paper, and Nan Ya Plastics.

Marine lubricants market size to exceed $13 billion by 2023: Global Market Insights, Inc.

Marine lubricants market size was estimated at 2.6 million tons in 2015, as per the latest research report by Global Market Insights, Inc. Increase in seaborne trade coupled with shipbuilding industry development should benefit marine lubricants market growth. According to International Chamber of Shipping (ICS), approximately 90% of the global trade was carried out by the international shipping industry.

Global marine lubricants market size looks poised for USD 13.1 billion revenue by 2023. Government initiatives such as the creation of Transatlantic Free Trade Area, Transatlantic Trade and Investment Partnership as well as other existing initiative such as Asia Pacific Trade agreements may favor marine lubricants demand.

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Engine oil application was dominant and accounted for over 44% of the overall demand in 2015. Increasing ship engine capacity and efficiency has led to growth in engine oils demand.

   South America marine lubricants market size, by application, 2012 – 2023 (USD Million)

South America marine lubricants market size, by application, 2012 - 2023 (USD Million)

Marine engine oils classification includes TPEO (trunk piston engine oils) and MDCL (marine diesel cylinder lubricants). TPEOs are majorly employed in four stroke engine lubrication of costal and cruise ships, while MDCLs are employed in two stroke engines for large cargo or container ships.

Key issues, recyclability, aqueous toxicity and biodegradability, may challenge marine lubricant market share. Most additives used in product formulation are petrochemical derived; they can pose serious threat to water pollution.

According to MARPOL Annex VI regulation 13, by MEPC under IMO, NOx Tier III limits must be met. This requires lubes to prevent an increase in soot and visible exhaust emissions.

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EPA has formulated a directive named Environmentally Acceptable Lubricants in which specifications for lubes to be used in vessels are prescribed and can help in reducing impact on aquatic environment.

Industry collaboration with biotechnology companies to manufacture bio based lubes coupled with tax incentives to manufacture eco friendly products may pave opportunities for marine lubes market size. Companies are expected to invest heavily in manufacturing product using bio-based raw materials such palm oil, castor oil, and animal derived oils.

Key insights from the report include:

  • Global marine lubricant market size is forecast to attain gains at 3.7% CAGR and register 3.47 million tons by 2023.
  • Mineral lubes market size was dominant by accounting over 86% the overall demand in 2015. Key supporting factors, low cost and easy availability of mineral oils, will most likely benefit this segment.
  • Europe marine lubricants market size, with Germany and UK as major contributors, dominated the overall consumption with over 1.07 million tons in 2015. Synthetic lube in Europe is forecast to attain highest gains at over 6.4% in revenue terms and register more than USD 500 million by 2023.
  • Asia Pacific, led by China, Japan and South Korea, is estimated to witness highest gains at over 3.9% CAGR up to 2023. Hydraulic oil application in Asia Pacific may grow significantly and register over USD 970 million by 2023.
  • North America, dominated by the U.S. shipping industry, may experience moderate gains and register over USD 1.65 billion by 2023. U.S. marine lubricants market size is forecast to reach over 340 kilo tons by 2023 with expected gains at above 3.2% CAGR.
  • Global marine lubricants market share is competitive and moderately consolidated. Notable industry participants include Chevron, ExxonMobil, BP Marine, Royal Dutch Shell and Total. Major industry participants are partnering with biotechnology companies to gain competitive advance.
  • Other prominent companies include LUKOIL, Sinopec, Quepet and Gulf Oil Corporation. Industry has witnessed joint ventures and mergers & acquisitions as key growth strategy.

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Waterproof Breathable Textiles Market size over $2 billion by 2022

Waterproof Breathable Textiles (WBT) Market size is forecast to hit USD 2.18 billion in revenue by 2022, as per a new research report by Global Market Insights, Inc. Expansion of eco-friendly products coupled with rising demand in active sportswear is anticipated to drive demand over the forecast timeframe.

Waterproof breathable garments market size was valued at over USD 875 million in 2014. It is anticipated to witness gains at 5.1% CAGR from 2015 to 2022. Increasing adoption in several applications such as mountain sports and trekking has driven global demand. Footwear is projected to surpass USD 550 million by 2022, at an estimated CAGR of 6.0% over the coming six years.

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Growing popularity of fitness-related sports such as running, walking, swimming, and cycling owing to health awareness has generated demand for sports apparel and shoes, which is expected to fuel consumption over the coming few years. These products deliver more strength, lighter weight, longer durability, and are thereby used across several outdoor recreation products that include backpacks, tents and other fabric-based garments or gear.

       Europe waterproof breathable textiles market size by textile, 2012-2022 (USD Million)

Europe waterproof breathable textiles market size by textile, 2012-2022 (USD Million)

Increasing use of recycled PET bottles in fabric production is also expected to fuel waterproof breathable textiles industry growth. Change in consumer preferences in outdoor activities could pose a challenge for industry participants.

Key insights from the report include:

  • High densely woven waterproof breathable textile market price trend and mounting demand from application areas including military, medical and work wear is likely to drive revenue to USD 231.5 million by 2022.
  • The use of coatings is expected to witness slow growth owing to increasing popularity of membrane technology.
  • Active sportswear will continue accounting for over 80% of the global waterproof breathable textiles market share through the forecast timeframe. Breathability is of vital importance in sports to ensure ventilation to the skin during perspiration; as a result, a large number of manufacturers ensure the presence of this attribute.

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  • Europe waterproof breathable garments market size leads global demand with revenue forecast to exceed USD 690 million by 2022. Rising consciousness towards health and fitness issues along with increasing sports activities in this region is likely to drive growth from 2015 to 2022. Asia Pacific waterproof breathable textiles market share is anticipated to grow at 7.2% in terms of volume.
  • Key industry participants include W. L. Gore & Associates and eVent (General Electric). The players offer environmentally viable products that are PTFE-free, PFC-free and recyclable. Other participants include APT Fabrics, Columbia Sportswear, Heartland Textiles Co. Ltd., Patagonia, The North Face, Helly Hansen, Jack Wolfskin, Nike, and Mountain Hardwear among others.
  • Manufacturers offer products ideal for cycling-wear, skiwear, and outdoor clothing such as hunting and mountaineering jackets, sailing apparel, rainwear, golf-wear, windbreakers, etc.
  • A few others offer products for medical and military & defense applications. They emphasize mainly on cost savings by manufacturing products in low-cost regions, and aim on decreasing overhead cost by implementing measures such as outsourcing arrangements and additional relocation of production plants.

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Global Semi-Submersible Rigs Industry 2016 Industry Chain, Efficient Management, Eminent Growth, Developments & Revenues

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The recently published report titled Global Semi-Submersible Rigs Industry 2016 Market Research Report is an in depth study providing complete analysis of the industry for the period 2016 – 2021. It provides complete overview of Global Semi-Submersible Rigs market considering all the major industry trends, market dynamics and competitive scenario.

The Global Semi-Submersible Rigs Industry Report 2016 is an in depth study analyzing the current state of the Global Semi-Submersible Rigs market. It provides brief overview of the market focusing on definitions, market segmentation, end-use applications and industry chain analysis. The study on Global Semi-Submersible Rigs market provides analysis of market covering the industry trends, recent developments in the market and competitive landscape. Competitive analysis includes competitive information of leading players in market, their company profiles, product portfolio, capacity, production, and company financials. In addition, report also provides upstream raw material analysis and downstream demand analysis along with the key development trends and sales channel analysis. Research study on Global Semi-Submersible Rigs market also discusses the opportunity areas for investors.

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With tables and figures, the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

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The research report will enrich your decision-making capability by helping you to –
Design and improve your product development and sales strategies and enhancing your marketing activities
Develop business strategies by understanding the market dynamics and developments driving the Global Semi-Submersible Rigs market
Develop market-entry strategies and effective ways to sustain competition
Create merger and acquisition opportunities by identifying the market players with the most innovative pipelines
Identify the regional market potential which would further help in designing regional market strategies
Understand the competitive scenario in the Global Semi-Submersible Rigs market
Take more informed business decisions by relying on the insightful opinions from industry experts

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Table of Contents

1 Industry Overview of Semi-Submersible Rigs
1.1 Definition and Specifications of Semi-Submersible Rigs
1.1.1 Definition of Semi-Submersible Rigs
1.1.2 Specifications of Semi-Submersible Rigs
1.2 Classification of Semi-Submersible Rigs
1.3 Applications of Semi-Submersible Rigs
1.4 Industry Chain Structure of Semi-Submersible Rigs
1.5 Industry Overview and Major Regions Status of Semi-Submersible Rigs
1.5.1 Industry Overview of Semi-Submersible Rigs
1.5.2 Global Major Regions Status of Semi-Submersible Rigs
1.6 Industry Policy Analysis of Semi-Submersible Rigs
1.7 Industry News Analysis of Semi-Submersible Rigs

2 Manufacturing Cost Structure Analysis of Semi-Submersible Rigs
2.1 Raw Material Suppliers and Price Analysis of Semi-Submersible Rigs
2.2 Equipment Suppliers and Price Analysis of Semi-Submersible Rigs
2.3 Labor Cost Analysis of Semi-Submersible Rigs
2.4 Other Costs Analysis of Semi-Submersible Rigs
2.5 Manufacturing Cost Structure Analysis of Semi-Submersible Rigs
2.6 Manufacturing Process Analysis of Semi-Submersible Rigs

3 Technical Data and Manufacturing Plants Analysis of Semi-Submersible Rigs
3.1 Capacity and Commercial Production Date of Global Semi-Submersible Rigs Major Manufacturers in 2015
3.2 Manufacturing Plants Distribution of Global Semi-Submersible Rigs Major Manufacturers in 2015
3.3 R&D Status and Technology Source of Global Semi-Submersible Rigs Major Manufacturers in 2015
3.4 Raw Materials Sources Analysis of Global Semi-Submersible Rigs Major Manufacturers in 2015

4 Capacity, Production and Revenue Analysis of Semi-Submersible Rigs by Regions, Types and Manufacturers
4.1 Global Capacity, Production and Revenue of Semi-Submersible Rigs by Regions 2011-2016
4.2 Global and Major Regions Capacity, Production, Revenue and Growth Rate of Semi-Submersible Rigs 2011-2016
4.3 Global Capacity, Production and Revenue of Semi-Submersible Rigs by Types 2011-2016
4.4 Global Capacity, Production and Revenue of Semi-Submersible Rigs by Manufacturers 2011-2016

5 Price, Cost, Gross and Gross Margin Analysis of Semi-Submersible Rigs by Regions, Types and Manufacturers
5.1 Price, Cost, Gross and Gross Margin Analysis of Semi-Submersible Rigs by Regions 2011-2016
5.2 Price, Cost, Gross and Gross Margin Analysis of Semi-Submersible Rigs by Types 2011-2016
5.3 Price, Cost, Gross and Gross Margin Analysis of Semi-Submersible Rigs by Manufacturers 2011-2016

6 Consumption Volume, Consumption Value and Sale Price Analysis of Semi-Submersible Rigs by Regions, Types and Applications
6.1 Global Consumption Volume and Consumption Value of Semi-Submersible Rigs by Regions 2011-2016
6.2 Global and Major Regions Consumption Volume, Consumption Value and Growth Rate of Semi-Submersible Rigs 2011-2016
6.3 Global Consumption Volume and Consumption Value of Semi-Submersible Rigs by Types 2011-2016
6.4 Global Consumption Volume and Consumption Value of Semi-Submersible Rigs by Applications 2011-2016
6.5 Sale Price of Semi-Submersible Rigs by Regions 2011-2016
6.6 Sale Price of Semi-Submersible Rigs by Types 2011-2016
6.7 Sale Price of Semi-Submersible Rigs by Applications 2011-2016
6.8 Market Share Analysis of Semi-Submersible Rigs by Different Sale Price Levels

7 Supply, Import, Export and Consumption Analysis of Semi-Submersible Rigs
7.1 Supply, Consumption and Gap of Semi-Submersible Rigs 2011-2016
7.2 Global Capacity, Production, Price, Cost, Revenue, Supply, Import, Export and Consumption of Semi-Submersible Rigs 2011-2016
7.3 USA Capacity, Production, Price, Cost, Revenue, Supply, Import, Export and Consumption of Semi-Submersible Rigs 2011-2016
7.4 EU Capacity, Production, Price, Cost, Revenue, Supply, Import, Export and Consumption of Semi-Submersible Rigs 2011-2016
7.5 China Capacity, Production, Price, Cost, Revenue, Supply, Import, Export and Consumption of Semi-Submersible Rigs 2011-2016
7.6 Japan Capacity, Production, Price, Cost, Revenue, Supply, Import, Export and Consumption of Semi-Submersible Rigs 2011-2016

8 Major Manufacturers Analysis of Semi-Submersible Rigs
8.1 Ocean Rig
8.1.1 Company Profile
8.1.2 Product Picture and Specifications
8.1.2.1 Type I
8.1.2.2 Type II
8.1.2.3 Type III
8.1.3 Capacity, Production, Price, Cost, Gross and Revenue
8.1.4 Contact Information

8.2 Huisman Equipment
8.2.1 Company Profile
8.2.2 Product Picture and Specifications
8.2.2.1 Type I
8.2.2.2 Type II
8.2.2.3 Type III
8.2.3 Capacity, Production, Price, Cost, Gross and Revenue
8.2.4 Contact Information

8.3 Aker
8.3.1 Company Profile
8.3.2 Product Picture and Specifications
8.3.2.1 Type I
8.3.2.2 Type II
8.3.2.3 Type III
8.3.3 Capacity, Production, Price, Cost, Gross and Revenue
8.3.4 Contact Information

8.4 CIMC group
8.4.1 Company Profile
8.4.2 Product Picture and Specifications
8.4.2.1 Type I
8.4.2.2 Type II
8.4.2.3 Type III
8.4.3 Capacity, Production, Price, Cost, Gross and Revenue
8.4.4 Contact Information

9 Marketing Trader or Distributor Analysis of Semi-Submersible Rigs
9.1 Marketing Channels Status of Semi-Submersible Rigs
9.2 Traders or Distributors with Contact Information of Semi-Submersible Rigs by Regions
9.3 Ex-work Price, Channel Price and End Buyer Price Analysis of Semi-Submersible Rigs
9.4 Regional Import, Export and Trade Analysis of Semi-Submersible Rigs

10 Industry Chain Analysis of Semi-Submersible Rigs
10.1 Upstream Major Raw Materials Suppliers Analysis of Semi-Submersible Rigs
10.1.1 Major Raw Materials Suppliers with Contact Information Analysis of Semi-Submersible Rigs
10.1.2 Major Raw Materials Suppliers with Supply Volume Analysis of Semi-Submersible Rigs by Regions
10.2 Upstream Major Equipment Suppliers Analysis of Semi-Submersible Rigs
10.2.1 Major Equipment Suppliers with Contact Information Analysis of Semi-Submersible Rigs
10.2.2 Major Equipment Suppliers with Product Pictures Analysis of Semi-Submersible Rigs by Regions
10.3 Downstream Major Consumers Analysis of Semi-Submersible Rigs
10.3.1 Major Consumers with Contact Information Analysis of Semi-Submersible Rigs
10.3.2 Major Consumers with Consumption Volume Analysis of Semi-Submersible Rigs by Regions
10.4 Supply Chain Relationship Analysis of Semi-Submersible Rigs

11 Development Trend of Analysis of Semi-Submersible Rigs
11.1 Capacity, Production and Revenue Forecast of Semi-Submersible Rigs by Regions and Types
11.1.1 Global Capacity, Production and Revenue of Semi-Submersible Rigs by Regions 2016-2021
11.1.2 Global and Major Regions Capacity, Production, Revenue and Growth Rate of Semi-Submersible Rigs 2016-2021
11.1.3 Global Capacity, Production and Revenue of Semi-Submersible Rigs by Types 2016-2021
11.2 Consumption Volume and Consumption Value Forecast of Semi-Submersible Rigs by Regions, Types and Applications
11.2.1 Global Consumption Volume and Consumption Value of Semi-Submersible Rigs by Regions 2016-2021
11.2.2 Global and Major Regions Consumption Volume, Consumption Value and Growth Rate of Semi-Submersible Rigs 2016-2021
11.2.3 Global Consumption Volume and Consumption Value of Semi-Submersible Rigs by Types 2016-2021
11.2.4 Global Consumption Volume and Consumption Value of Semi-Submersible Rigs by Applications 2016-2021
11.3 Supply, Import, Export and Consumption Forecast of Semi-Submersible Rigs
11.3.1 Supply, Consumption and Gap of Semi-Submersible Rigs 2016-2021
11.3.2 Global Capacity, Production, Price, Cost, Revenue, Supply, Import, Export and Consumption of Semi-Submersible Rigs 2016-2021
11.3.3 USA Capacity, Production, Price, Cost, Revenue, Supply, Import, Export and Consumption of Semi-Submersible Rigs 2016-2021
11.3.4 EU Capacity, Production, Price, Cost, Revenue, Supply, Import, Export and Consumption of Semi-Submersible Rigs 2016-2021
11.3.5 China Capacity, Production, Price, Cost, Revenue, Supply, Import, Export and Consumption of Semi-Submersible Rigs 2016-2021
11.3.6 Japan Capacity, Production, Price, Cost, Revenue, Supply, Import, Export and Consumption of Semi-Submersible Rigs 2016-2021

12 New Project Investment Feasibility Analysis of Semi-Submersible Rigs
12.1 New Project SWOT Analysis of Semi-Submersible Rigs
12.2 New Project Investment Feasibility Analysis of Semi-Submersible Rigs

13 Conclusion of the Global Semi-Submersible Rigs Industry 2016 Market Research Report

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Abundant Deep Water Reserves to Create Heightened Demand for Offshore Lubricants, reports TMR

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The global offshore lubricants market is led by large MNCs, making for an expansive arena marked by intense competition. Companies such as Royal Dutch Shell, Total, Chevron, ExxonMobil, and Castrol have established strong brand equity over the years. This has resulted in a difficulty for new players to penetrate the market. For new entrants to gain a higher market share, creating a reliable distribution channel becomes a crucial factor, states a new report by Transparency Market Research (TMR). Since creating a good distribution channel requires time and capital, it is difficult for new entrants to survive in the market.

The threat of substitutes in the offshore lubricants market is low as lubricants are essential for every machine or moving part and there are no external substitutes for them. However, there does exist competition among different types of lubricants such as bio-based, synthetic, and semi-synthetic. Since the use of bio-degradable lubricants has been mandated by the EIA, there has been increased R&D into the production of cost effective bio-based lubricants. This is expected to increase the competition in the market.

Need to Improve Operational Life of Mechanical Parts Boosts Demand for Offshore Lubricants

The rise in the demand for energy is increasing by 1.5% per year, as per the BP Energy Outlook. Thus, there is a rise in the use of floating production storage and offloading (FPSOs) and offshore rigs in offshore exploration and production (E&P) activities. This in turn is increasing the demand for lubricants as they are extensively used in these activities. Constant developments in offshore lubricants are enhancing the operational life of mechanical parts, which in turn reduces unnecessary capital investments. This will further the demand for offshore lubricants.

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It is expected that many E&P activities will take place in Brazil and Africa. Thus, the demand for offshore rigs is steadily increasing and around 220 offshore rigs are under construction. These rigs are expected to be installed in various offshore fields across the globe and accelerate the growth of the offshore lubricants market.

Environmental Regulations Prohibit Use of Certain Lubricants

The growing environmental concerns over lubricant spills and leakages into the sea are forcing various government agencies to come up with new legislations compelling the use of eco-friendly lubricants. Guidelines set by the IMO state that seals, main propulsion, and stern tube bearings of ships operating in the ice covered waters in the Arctic, should not leak pollutants. Similarly, the Vessel General Permit regulation by the EPA has compelled ship owners to use environmentally acceptable lubricants (EAL). Oil companies are facing difficulty in the use of EALs as the many conventional rubber seal materials used are not compatible with the new EALs, says a TMR analyst. This, prohibits the use of EAL in these applications.

Offshore Fields in West Africa, Brazil, and Gulf of Mexico to Create Heightened Demand for Lubricants

High investments by major oil and gas exploration and production companies are creating a continuous demand for FPSOs and offshore rigs. There are many offshore fields in the Golden Triangle (West Africa, the Gulf of Mexico, and Brazil), which will result in large scale exploration and production activities. These fields have an average depth of around 1890 feet, thus requiring a large number of offshore rigs and FPSOs. This in turn is expected to create a heightened demand for offshore lubricants.

According to the report, the global market opportunity in offshore lubricants is expected to rise from US$134.67 mn in 2015 to US$183.50 mn by 2020. By end user, the offshore rigs segment led in the past and will continue to retain its leading position in the coming years. On the basis of application, the engine oil segment is expected to lead and account for 61.95% of the global offshore lubricants market by 2020. The Rest of the World, followed by Asia Pacific is anticipated to lead in the market in the coming years. The Rest of the World is expected to account for 32.49% of the global offshore lubricants market by 2020.

This information is based on the findings of a report published by Transparency Market Research titled “Offshore Lubricants Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020.”

The global offshore lubricants market is segmented as follows:

End User

  • Offshore rigs
  • FPSO

Application

  • Engine oil
  • Hydraulic oil
  • Gear oil
  • Grease
  • Others (turbine oil, compressor oil, circulating oil, etc.)

Region

  • North America
  • Europe
  • Middle East
  • Asia Pacific
  • RoW (Rest of the World)

Research Report: http://www.transparencymarketresearch.com/offshore-lubricants-market.html

About TMR

Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

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Subsea power grids market – A market waiting to boom as offshore exploration gathers steam

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The depleting onshore oil and gas reserves are driving more and more exploration companies to offshore locations. Setting up massive offshore rigs is a herculean exercise, but would prove pointless if there wasn’t enough energy to run these operations. This is where subsea power grids come into play. There have been limitations as to how much power could be transmitted via undersea cables and power transmission equipment. But companies are moving closer to offering a real, commercially-viable solution to this problem.

 

One of the most notable projects in this area is being undertaken by Siemens as it nears a test program for a subsea power distribution hub, which will be connected with a range of power transmission components. The soaring demand for subsea power transmission has created a sizeable subsea power grids market, which, analysts say, is expected display robust growth.

 

Currently, there are several limitations to subsea power transmission, the most critical drawback being limited the area across which power can be distributed underwater. Maintenance and repair of subsea components, notably transformers, is also assuming importance, and companies are developing prototypes that can be tested underwater to mitigate the impact of power-failure-related downtime at offshore rigs.

 

Browse Market Research on Subsea Power Grid Market: http://www.transparencymarketresearch.com/subsea-power-grid-market.html

 

However, there are also some companies that are getting to the root of the problem by developing innovative subsea power generation systems that can help curb costs associated with component repair and replacements in the event of a power failure. A case in point is Scotland-based East Coast Oil and Gas Engineering (ECOG) that has a grant from the Scottish government for its deep sea power generation system.

 

Currently, the many offshore oil and gas exploration activities reported in Latin America and Africa are expected to create appreciable demand for offshore power grids in these regions.

 

 

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About TMR

 

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

 

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

 

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Electrical submersible pumps (ESPs) market, revenue to grow to US$16.7 bn by 2022: TMR

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Electrical submersible pumps facilitate several operations in the oil and gas and water treatment industries. From pumping viscous material to handling solids and from pumping sludge to sewage, submersible pumps are designed to pump general effluent in rigorous conditions.

 

Typically, electrical submersible pumps can handle effluent in oil and water wells at depths of up to 15,000 feet in cases where the fluid output ranges from 200 bpd to 60,000 bpd. Despite falling prices, offshore explorations continue to be conducted off the coast of countries in South America and Africa. Moreover, as mature oilfields peak, the need to deploy high-efficiency pumps becomes a necessity. All of these factors will collectively play a part in taking the valuation of the global electrical submersible pumps market to US$16.7 billion by the end of 2022, from its valuation of US$10.6 billion as of 2013. This represents an 8.94% CAGR for the market for the period between 2014 and 2022.

 

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The oil and gas sector, which represents the largest consumer of electrical submersible pumps, is defined by disparate dynamics in different regions of the world. Here is a snapshot of the projected demand for electrical submersible pumps in different regions of the world:

 

Europe takes the lead in the global electrical submersible pumps market: The largest market for electrical submersible pumps exists in Europe. According to TMR analysts, the Europe ESPs market held just short of 60% of the global market in 2013. Analysts predict that Europe will continue to assert its dominance in the market thanks largely to a large number of mature oil fields in countries such as Kazakhstan, Russia, the U.K., and Norway. Europe was the largest market not just for onshore but also offshore ESPs. The region accounted for a share of 61.23% in the onshore electrical submersible pumps market and 55.81% in the offshore electrical submersible pumps market worldwide.

 

North America stands at a distant second with 20.28% of the global electrical submersible pumps market as of 2013. The North America electrical submersible pumps market has received an impetus from the increased shale gas production in the United States, causing a flurry of activity among manufacturers wanting to make the most of this emergent opportunity. Canada also contributes appreciably to the growth of the North America electrical submersible pumps market with installations of such pumps in the country having increased substantially over the recent past.

 

Asia Pacific could see increased ESP demand as China develops shale reserves: In the Asia Pacific region, there are several countries that help generate demand for electrical submersible pumps. Over the years, there has been a steady demand for ESPs from countries such as Malaysia, Australia, and China. China’s shale gas reserves are on course to being developed by 2017, presenting a veritable opportunity for companies in the electrical submersible pumps market. The Asia Pacific ESPs market is projected to be the most attractive over the next six years.

 

Although the market for electrical submersible pumps in Latin America has been slow to catch on, an uptick in the demand for such pumps from Central and South America will turn this scenario around.

 

Browse Industry Research Press Release: http://www.transparencymarketresearch.com/pressrelease/global-electrical-submersible-pumps-market.htm

 

 

About TMR

 

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

 

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

 

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Transparency Market Research

 

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Albany NY – 12207
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Subsea Production and Processing System – Industry Analysis and New Business Opportunities 2020

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The subsea environment is perhaps the most unexplored segment on earth. The isolation of subsea wells coupled with a complex interaction between ocean environment and subsea wells make monitoring, intervention and routine operation much complex. These systems are now being deployed in many fields to overcome the hurdles occurring at the time of production. One of the driving forces behind subsea production systems is the drastic reduction in development costs when compared with the traditional methods.  In most cases, the use of a subsea tieback is the only option to develop these resources.

 

With the rapid growth of subsea fields once thought to be less profitable due to the harsh conditions and huge expenses involved in the exploitation of the available resources, many companies are using subsea processing technology as one of the main methods of reducing operational expenditures. Traditional offshore development is mainly focused on the construction of fixed leg platforms in the shallow water. In deep waters, the emphasis has been on the use of floating production systems to existing production platforms.

 

However, with the applications of new methods industry is looking forward to new concepts like subsea processing. As opposed to the conventional method of processing reservoir fluids at process station, subsea processing holds promise in that, all the processing activities is carried out at the seafloor itself. Thus less cost is incurred and also it improves recovery factors from the reservoir. Other advantages comprise lesser susceptibility to hydrate formation and at lower operating expenditure.

 

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Subsea processing facilities holds the potential to off load equipment to the seafloor. This provides for a reduction in platform deck load requirements thereby reducing the backpressure imposed by the production riser. Subsea processing process can take place in numerous forms, comprising boosting scenarios and subsea separation. Strategic technologies that are essential for the successful implementation of subsea processing include compact separation, multiphase pumping and multiphase metering which varies in all the stages of maturity.

 

Multiphase pumps are used in conjunction with the other types of subsea processing schemes. Wet gas compressor or a multiphase pump represents the best choice for the gas stream.  If no gas stream is left to flow under its own pressure, a multiphase pump or wet gas compressor can boost the pressure of the gas stream even when it contains some amount of liquid by volume.

 

Cost of intervention in subsea wells is extremely high and has limited efforts to monitor wells. In general, pressure boosting at the seafloor is generally preferred rather than artificial lift in the wellbore due to the lower cost of intervention. Increasing flexibility using intelligent well technology is also seen as an alternative to well intervention.

 

Emerging economies and growing population are some of the key drivers of the subsea production and processing systems market. However, integration of new technology with the existing technology can hinder the growth of the market. Ample amount of opportunities are there for subsea production and processing system market as demand for energy is increasing at a healthy rate especially in Asia Pacific countries such as India and China.

 

Some of the key players in the subsea production and processing system market include FMC Technologies, Aker Solutions, GE Energy, Schlumberger Limited, Weatherford International, and Baker Hughes Inc. among others.

 

Research Report: http://www.transparencymarketresearch.com/subsea-production-processing-system-market.html

 

About TMR

 

Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

 

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Subsea valves market – business opportunities and forecasts 2016 – 2023

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The global subsea valves market is expected to grow owning to the increasing offshore oil and gas and subsea projects. Increasing energy demand coupled with declining onshore reserves has forced oil and gas exploration and production companies to increase investment and activities in offshore reserves which, accelerate the demand for subsea valves across the globe during the forecast period.

Subsea valves are used in various oil and gas exploration and production process across the globe. Subsea valves should be able to withstand all fluids that pass through them. These valves are used in marine environments ranging from a depth from shallow to deep and ultra-deep water. The size of valve specified is related to the volume of fluids that need to flow through it. The oil and gas industry is hazardous in nature. Hence, it is governed with various stringent regulations. The equipment used in subsea systems are very expensive, moreover any mishap can lead to environmental degradation and loss of produced fluids and delay in operations. This ultimately effects the earnings of a company. Hence, the valve used for the process should be able to withstand the harsh subsea conditions for safe and reliable operations. The type of valve to be used in a project is predetermined by operator engineers in the planning phase of the project. Then the company place order for valves with specification to the supplier.

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The global subsea valve market can be segmented on the basis of product type and geography. Various types of subsea valves are used such as subsea ball valve, subsea check valve, subsea gate valve, subsea needle valve and others. A subsea ball valve provides the user with a soft seating quarter turn isolation solution. The valve can be used for isolation of chemical and hydraulic fluids. Subsea needle valves are normally used on Christmas trees to isolate gasket test lines and down hole safety valve lines. Subsea gate valves are of various types: rotator gate valves, hydraulic actuated gate valves and manually actuated gate valves (ROV). These valves are suitable for high pressure and high temperature conditions. The use of high pressure and high temperature valves are mainly concentrated in the North Sea and the Gulf of Mexico due to harsh climate conditions. However, these valves also find application in some projects in Asia Pacific. There are several new exploration and production projects planned in regions such as West Africa and Brazil. Majority of investments in the offshore oil and gas industry is in these two regions.

Increasing investment in deep and ultra-deep reserves to fulfill the increasing energy demand and to reduce reliance on onshore reserves, the global offshore oil and gas industry is expected to grow in the forecast period. This will accelerate the growth of various associated industry such as subsea processing systems and subsea valves. Abundant untapped offshore deep and ultra-deep water reserves are expected to provide a great opportunity to the company in the coming year. However, unstable crude oil prices which make certain projects economically non-feasible are expected to hamper the global subsea valves market between 2015 and 2023.

Some of the key players in the global subsea valvesmarketare Oliver Valves Ltd., PetrolValves, BuTech, DAFRAM S.p.A., Perar S.p.A, Flowserve Corporation, Cameron, L.B. Bentley Ltd., and Cortec LLC among others.

Research Report: http://www.transparencymarketresearch.com/subsea-valves-market.html

About TMR

Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

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Electrical Submersible Pump (ESP) Cables Industry to Exhibit 4.70% CAGR by 2023, owing to Increasing Exploration Activities Worldwide

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Transparency Market Research, a global market intelligence firm, announces the publication of a new research report made available on the company website. The market research report, titled “Electrical Submersible Pump Cables Market – Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2023,” provides a detailed analysis of the market. According to the research report, in 2014, the global electrical submersible pump (ESP) Cables market was valued at more than US$3 bn and is anticipated to reach a value of US$4.5 bn by the end of 2023. The market is projected to register a healthy 4.70% CAGR between 2014 and 2023.

 

Electrical submersible pump cables transmit surface power to the pump motor and are specially designed to perform under the downhole well setting. ESP cables are three-phase cables and differ mostly depending on the well specifications and geography. The increasing demand for ESPs worldwide and increase in the depth of oil wells are the major factors fuelling the growth of the global ESP cables market. In addition, the growing production from oil sands across the globe has provided huge opportunities for the growth of the major players operating in the market. However, limited usability in shale gas fields and the recent drop in oil prices has resulted in a reduction in production spending and offshore exploration, thus hampering the growth of the market.

 

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On the basis of application, the global ESP cables market has been classified into offshore and onshore ESP cables. In 2014, the onshore segment led the market, holding a 69.88% share in the global ESP cables market. The configuration of ESP cables depends on the surface and sub-surface components, differentiating it for offshore and onshore oilfields. On the basis of type, the global ESP cables market has been categorized into polypropylene, EPDM, and others. In 2014, the EPDM cables segment dominated the market, holding a 57.27% share in the overall market, whereas the polypropylene cables and others segments accounted for a 34.69% and 8.03% share, respectively, in the global ESP cables market.

 

By geography, the global ESP cables market has been segmented into South and Central America, North America, the Middle East and Africa, Europe, and Asia Pacific. In 2014, Europe dominated the market, accounting for a 60% share in the global ESP cables market. This region is anticipated to remain in the leading position throughout the forecast period, owing to the rising number of mature fields in the U.K., Kazakhstan, Russia, and Norway. Europe is followed by North America, which held a 20% share in the global ESP cables market in 2014. The substantial share of the North America market can be attributed to the rising production from oil sands in Canada and growing shale oil production in the U.S., which are the key contributors to the growth in ESP cable installations in the region. The increasing exploration and production activities in the South China Sea are estimated to augment the growth of the Asia Pacific ESP cables market in the next few years.

 

The research study has further provided a clear picture of the competitive scenario of the global ESP cables market. Some of the prominent players operating in the market are Borets Company, LLC, General Cable Corporation, Prysmian Group, Hitachi Metals, Ltd., Kerite, Weatherford International, Schlumberger Limited, Halliburton Company, and GE Oil & Gas.

 

Key Segments of the ESP Cables Market:

 

ESP Cables Market: By Application

 

  • Onshore
  • Offshore

 

ESP Cables Market: By Types

 

  • EPDM (Ethylene propylene diene monomer)
  • Polypropylene
  • Others

 

Research Report: http://www.transparencymarketresearch.com/electrical-submersible-pump-cables-market.html

 

About TMR

 

Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

 

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Artificial lift systems market characterized by ongoing alliances and expansion activities in vendor landscape

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Driven by the rising production of deepwater oil and the high volume of crude oil in matured reserves, the global artificial lift systems market is poised to expand at a 6.20% CAGR from 2014 to 2020. The value of the global market was pegged at US$13 bn in 2014 and this is projected to rise to US$19.8 bn by 2020.

Some of the top companies competing in the global artificial lift systems market are Flotek Industries, Inc., Weatherford International Ltd., Superior Energy Services, Inc., Kudu Industries, Inc., Schlumberger Limited, Halliburton Company, Borets Company LLC., Baker Hughes, Inc., Dover Artificial Lift, and National Oilwell Varco, Inc.

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Here’s a snapshot of some of the recent developments in the artificial lift systems market:

Weatherford’s Expanded Artificial Lift Systems Portfolio: Texas-based oil and natural gas service company Weatherford International Ltd. recently added a new product to its portfolio of existing artificial lift systems. The sand-tolerant pump is aimed at slowing production declines, optimizing the life of oil wells, and reducing workovers, and serves as a substitute for standard rod pumps in wells that have high sand production. The accumulation of sand in the plunger or barrel results in abrasions and the sand-tolerant pump prevents this accumulation, thereby reducing the chances of pump failure or inefficiency. The sand-tolerant pump has demonstrated the improvements made in the design of artificial lift pumps and the overall working in harsh and sand-laden environments.

Cimarron and Keane Group’s Acquisition Activities: Oklahoma-based oilfield equipment provider Cimarron Energy recently acquired North Dakota’s Diverse Energy Systems, bringing in significant design and production experience for operators in North Dakota’s oil and gas industry. Cimarron acquired Diverse’s field and manufacturing assets in North Dakota as well as Texas for an undisclosed amount and the company will now be able to offer artificial lift systems to its clients, along with other offerings such as processing, production, vapor handling, measurement/custody/transfer, and rental equipment. US-based well completion services company Keane Group acquired all of the US assets of Canada-based Trican Well Services for US$247 mn. These ongoing alliances have been significantly driving the North America artificial lift systems market.

Baker Hughes’ New Approach to Artificial Lift Systems: Texas-based Baker Hughes, one of the largest oil field services companies in the world, recently trialed a new adaptive production system, which it says, is a completely new approach to artificial lift systems. The Leap system was first installed in the Mississippi Lime play in Oklahoma at a depth of 5,200 feet. This new system is designed to adapt to changing production profiles that are typical in some of the most unconventional oil wells. Baker Hughes had set up its artificial lift research and technology center in 2014 and has been dedicatedly working on developing new artificial lift technologies.

Research Report: http://www.transparencymarketresearch.com/artificial-lift-system-market.html

About TMR

Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

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Subsea boosting systems market – extensive exploration activities propel adoption of subsea boosting systems

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The rising need for energy amongst the exponentially growing urban dwellers across the globe has led to a sharp decline in the oil and gas reserves. This deficit is expected to increase further due to rapid industrialization along with the rising number of opportunities for oil and gas exploration and production in deep water.

All of these factors are collectively expected to create a sizeable demand for subsea activities, thereby leading to growing adoption of subsea boosting systems in the near future, states report published by Transparency Market Research. The ongoing technological developments to deliver subsea equipment that has better reliability, endurance, and performance to make an effective recovery from the reserves.

According to the report, the opportunity in the global subsea boosting systems market will be worth US$3,078.6 mn by 2023 as compared to US$1.46 bn in 2015, as the market expands at a CAGR of 9.7% between 2015 and 2023. The positive CAGR of will also be supported by the ability of subsea boosting systems to improve recovery from oil and gas reservoirs across ultra-deepwater and deepwater areas.

The increasing investments in the development of subsea technologies and equipment are also resulting growth of this market. The increasing expenditure on compressors, pumps, and other subsea equipment for development of offshore oilfields will also offer lucrative growth opportunities to this market in the coming few years.

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Asia Pacific Leads Subsea Boosting Systems Market Due to Flourishing Exploration Activities

According to TMR, Asia Pacific dominated the global subsea boosting systems market in 2014 due to flourishing shallow water and deepwater projects across Malaysia and Australia. In the coming years, this region will maintain its leading stance as China, Vietnam, and Indonesia will witness a growth in subsea activities. As of 2015, Asia Pacific held a share of 25.0% in the overall subsea boosting systems market. Analysts predict that Central and South America will also be attractive markets for these systems as the regions are taking up development of pre-salt reserves in the deepwater of Brazil seriously.

Deepwater Exploration Holds Promise as Existing Reserves Deplete

An evaluation of the subsea boosting systems market on the basis of water depth showed that shallow water held a leading share of 58% in the overall market as of 2014. However, increasing emphasis on deepwater areas due to declining shallow water fields is expected to increase the share of deepwater explorations to 45% by the end of 2023. Though, the shallow water segment will hold the leading share in 2023, subsea boosting systems for deepwater exploration will show signs of remarkable progress. The growing number of deepwater discoveries have also increased the investments flowing into subsea exploration activities to cater to the insatiable demands and the decline reserves.

Some of the key operating players in the global subsea boosting systems market are FMC Technologies, Inc., OneSubsea, GE Oil & Gas, Aker Solutions ASA, Baker Hughes Incorporated, Flowserve Corporation, Framo AS, ITT Bornemann GmbH, and Sulzer Ltd. These companies are focusing on collaborating with smaller players to acquire competencies in technologies to establish leadership in the global market.

Research Report: http://www.transparencymarketresearch.com/subsea-boosting-systems-market.html

About TMR

Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

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