- September 29, 2020
- ARC Advisory Group
The future of subsea oil and gas operations looks stable, as the industry technology heads toward deepwater oil and gas development sustained by higher oil prices, key technological improvements, and the need to replace maturing shallower water basins.
Dedham, Mass. - Sept. 29, 2020 - New ARC Advisory Group research on the global Subsea Controls market reveals that the major oil & gas companies have invested in deepwater and ultra-deepwater projects. The future of subsea oil and gas operations looks stable, as the industry technology heads toward deepwater oil and gas development sustained by higher oil prices, key technological improvements, and the need to replace maturing shallower water basins.
“Higher energy prices have forced consumers and businesses to make more significant adjustments to manage costs," according to Tim Shea, Senior Analyst at ARC Advisory Group and key author of ARC’s Subsea Controls Global Market Research report. "Operations that consume large amounts of energy have a greater opportunity for savings through optimization. A prime example of this is subsea systems where energy accounts for a significant share of the total lifecycle costs. As a result of the energy-intensive nature of production pumping systems and transfer systems, the energy saving advantages of subsea controls will be a significant contributor to growth."
Leading suppliers to the subsea controls market identified
In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offering. In alphabetical order, these include: Aker Solutions, Baker Hughes, Schlumberger, and TechnicFMC.
About the subsea controls research
This ARC research explores current and historical market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the subsea controls market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, plus five-year market forecasts by region, system type, communication protocol, revenue, application, sales channel, and customer type.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include:
Market Intelligence Workbook (Excel): personalized spreadsheet includes two years of historical data in addition to the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
Concise Market Analysis Report (PDF): provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
About ARC Advisory Group
ARC Advisory Group is the leading market research and advisory firm for industry, infrastructure, and smart cities. ARC analysts have the industry knowledge and firsthand experience to help clients find the best answers.Read more
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