세계 해저 시스템 시장 예측(2023-2028년)

The subsea systems market is expected to grow at a CAGR of 3.43% from US$12.707 billion in 2021 to US$16.093 billion in 2028.

The need for energy worldwide, particularly in developing nations, is driving the necessity for subsea infrastructure to reach offshore deposits of gas and oil. The market is growing as a result of a move towards deepwater and ultra-deepwater exploration and continuing technical developments. Subsea technology development is being aided by tighter environmental laws and an increased focus on sustainability. The subsea systems market is also expanding and changing as a result of the emergence of offshore renewable energy projects, the requirement to replace ageing infrastructure, and the impact of geopolitical events and global economic circumstances.

To achieve speedier asset delivery, innovations in subsea hardware design, manufacturing processes, and supply chain management are essential. Digital twins and modular subsea equipment are two examples of cutting-edge technology that can hasten the installation of subsea systems.

Increasing demand for oil and gas

The global market for subsea systems is significantly impacted by the rising demand for gas and oil. Subsea systems are essential for exploration, drilling, and production in deepwater and ultra-deepwater areas as the hunt for offshore hydrocarbon reserves accelerates to satisfy growing energy requirements. The market is growing as a result of investments made in state-of-the-art subsea technologies, equipment, and infrastructure.

According to the Monthly Crude Oil and Natural Gas output report published by EIA, U.S. crude oil output increased by 5.6%, or 0.6 million barrels per day (b/d), in 2022 compared to 2021, averaging 11.9 million b/d. Texas and New Mexico, the two states that make up the Permian Basin, made up the largest portion of the rise in U.S. crude oil output in 2022. For the third year in a row, New Mexico saw the most increase in crude oil output in the United States in 2022. The output of New Mexico increased to 1.6 million b/d, a record for the state, by 0.3 million b/d.

Furthermore, according to the India Brand Equity Foundation, by 2045, it is expected that India's oil consumption will have doubled to 11 million barrels per day. By 2029-2030, diesel demand is predicted to quadruple to 163 MT, and by 2045, diesel and petrol will account for 58% of India's oil consumption. It is anticipated that India's natural gas consumption will increase by 25 billion cubic metres (BCM), growing at an average annual rate of 9% through 2024. A surge in industrial activity led to India's oil demand reaching a 24-year high in February 2023. It was the fifteenth straight year of demand growth.

The USA subsea systems market is anticipated to grow steadily.

The subsea system consists of flexible pipes, turrets, mooring, and other submerged ocean equipment which are mainly used to maintain the production & transportation of fluids, oil & chemicals by establishing wellheads and deepwater reserves on the sea bed. The growing oil production coupled with investment in onshore oil rigs in the US has provided a positive outlook to the subsea system market. According to the U.S Energy Information Administration, in 2022, average crude oil production stood at 11.8 million b/d and as per the same source, the average oil production is expected to reach 12.4 million b/d in 2023 and 12.8 million b/d in 2024.

Moreover, the well-established presence of major subsea system providers namely NOV Inc, Parker, and Hannifin Corporation which are actively investing in improving their subsea production portfolio has stimulated the overall market growth in the US. Likewise, the ongoing strategic collaborations and joint ventures to bolster subsea production technologies are also driving market growth. For instance, in October 2023, Aker Solutions, SLB, and Subsea7 formed a joint venture called "OneSubsea" which besides Oslo will also be headquartered in Houston, Texas, and will deal in extensive subsea processing & production technology for reservoirs. Additionally, in October 2023, Expro completed the acquisition of Texas-based offshore service provider PRT Offshore which would enable the former to strengthen its subsea well access offerings in North America.

Furthermore, the ongoing onshore oil production is also acting as an additional driving factor. For instance, in February 2023, Shell Offshore Inc. announced the starting of oil production at its Vito production facility near the US Gulf of Mexico. The company stated that the estimated peak production of the facility would be 100,000 b/d.

Market Key Developments

• In September 2023, Southern Cross Cables Limited (Southern Cross) and Equinix, Inc., the global leader in digital infrastructure, announced an extended partnership to supply a crucial U.S.-based interconnectivity access point for the Southern Cross NEXT underwater cable system. By utilising Equinix's next-generation cable landing station (CLS) architecture, SX NEXT enabled the cable network operator to save money and deliver faster provisioning.
• In June 2023, Azule Energy gave TechnipFMC a sizable contract to deliver subsea production equipment for the Block 18 Infills development, which is located offshore Angola. It comes after the announcement of a flexible pipe supply deal for Azule's Agogo Integrated West Hub Development and marks TechnipFMC's first subsea production systems contract with Azule Energy.
• In August 2022, Schlumberger, Aker Solutions, and Subsea 7 announced their joint venture to assist clients in unlocking reserves and shortening cycle times, which spurs innovation and efficiency in subsea production. To help clients achieve their decarbonization objectives, the deal combines a portfolio of cutting-edge technologies, including subsea gas compression, all-electric subsea production systems, and other electrification capabilities.

Segmentation:

By Technology

• Subsea Production System
• Subsea Drilling System
• Subsea Manifolds and Jumper Systems
• Subsea Christmas Trees and Wellhead Systems
• Control Systems
• Others
• Subsea Processing System
• Separators
• Boosters
• Others

By Geography

• North America

By Technology

By Country

• U.S.
• Canada
• Mexico
• South America

By Technology

By Country

• Brazil
• Argentina
• Others
• Europe

By Technology

By Country

• Norway
• Russia
• United Kingdom
• Germany
• France
• Others
• Middle East and Africa

By Technology

By Country

• Saudi Arabia
• United Arab Emirates
• Others
• Asia Pacific

By Technology

By Country

• China
• India
• Japan
• Thailand
• Indonesia
• Malaysia
• Others

TABLE OF CONTENTS

1. INTRODUCTION

• 1.1. Market Overview
• 1.2. Market Definition
• 1.3. Scope of the Study
• 1.4. Market Segmentation
• 1.5. Currency
• 1.6. Assumptions
• 1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY

• 2.1. Research Data
• 2.2. Assumptions

3. EXECUTIVE SUMMARY

• 3.1. Research Highlights

4. MARKET DYNAMICS

• 4.1. Market Drivers
• 4.2. Market Restraints
• 4.3. Porter's Five Force Analysis
  • 4.3.1. Bargaining Power of Suppliers
  • 4.3.2. Bargaining Power of Buyers
  • 4.3.3. Threat of New Entrants
  • 4.3.4. Threat of Substitutes
  • 4.3.5. Competitive Rivalry in the Industry
• 4.4. Industry Value Chain Analysis

5. SUBSEA SYSTEMS MARKET BY TECHNOLOGY

• 5.1. Introduction
• 5.2. Subsea Production System
  • 5.2.1. Subsea Drilling System
  • 5.2.2. Subsea Manifolds and Jumper Systems
  • 5.2.3. Subsea Christmas Trees and Wellhead Systems
  • 5.2.4. Control Systems
  • 5.2.5. Others
• 5.3. Subsea Processing System
  • 5.3.1. Separators
  • 5.3.2. Boosters
  • 5.3.3. Others

6. SUBSEA SYSTEMS MARKET BY GEOGRAPHY

• 6.1. Introduction
• 6.2. North America
  • 6.2.1. By Technology
  • 6.2.2. By Country
  • 6.2.2.1. U.S.
  • 6.2.2.2. Canada
  • 6.2.2.3. Mexico
• 6.3. South America
  • 6.3.1. By Technology
  • 6.3.2. By Country
  • 6.3.2.1. Brazil
  • 6.3.2.2. Argentina
  • 6.3.2.3. Others
• 6.4. Europe
  • 6.4.1. By Technology
  • 6.4.2. By Country
  • 6.4.2.1. Norway
  • 6.4.2.2. Russia
  • 6.4.2.3. United Kingdom
  • 6.4.2.4. Germany
  • 6.4.2.5. France
  • 6.4.2.6. Others
• 6.5. Middle East and Africa
  • 6.5.1. By Technology
  • 6.5.2. By Country
  • 6.5.2.1. Saudi Arabia
  • 6.5.2.2. United Arab Emirates
  • 6.5.2.3. Others
• 6.6. Asia Pacific
  • 6.6.1. By Technology
  • 6.6.2. By Country
  • 6.6.2.1. China
  • 6.6.2.2. India
  • 6.6.2.3. Japan
  • 6.6.2.4. Thailand
  • 6.6.2.5. Indonesia
  • 6.6.2.6. Malaysia
  • 6.6.2.7. Others

7. COMPETITIVE ENVIRONMENT AND ANALYSIS

• 7.1. Major Players and Strategy Analysis
• 7.2. Market Share Analysis
• 7.3. Mergers, Acquisitions, Agreements, and Collaborations

8. COMPANY PROFILES

• 8.1. Aker Solutions (Aker Holding)
• 8.2. National Oilwell Varco (NOV Inc.)
• 8.3. TechnipFMC Plc.
• 8.4. Dril-Quip, Inc.
• 8.5. Parker Hannifin Corporation
• 8.6. Expro Group (Frank's International)
• 8.7. Schlumberger Limited
• 8.8. Oceaneering International, Inc.
• 8.9. GE Oil & Gas (Baker Hughes)