North America Subsea Production and Processing System Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The North America Subsea Production and Processing System Market is Segmented by Production System (Subsea Trees, Subsea Umbilicals, Risers, and Flowlines, Subsea Wellhead, and Other Production Systems), Processing System (Boosting, Separation, Injection, and Gas Compression), and Geography (United States, Canada, and Mexico).

North America Subsea Production & Processing System Market Size

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North America Subsea Production & Processing System Market Analysis

The North America Subsea Production and Processing System Market is expected to register a CAGR of greater than 2% during the forecast period.

  • Due to the high demand for subsea trees, risers, flowlines, umbilicals, and wellheads, subsea production is expected to dominate the market.
  • The increasing crude oil prices due to the war between Ukraine and Russia may encourage countries in North America, primarily the United States, to produce their crude oil, principally as offshore shale oil and gas. This factor may directly aid the North American production and processing system market and provide an opportunity during the forecast period.
  • The United States is the largest market in the region for subsea production and processing systems, as it has an abundance of offshore oil and gas reserves.

The United States is the Largest Market in the Region

  • The United States is the largest market for subsea production and processing system market in the region. It has the highest reserves for oil and gas in the region, complemented by the increased demand for refined petroleum products.
  • In addition, the country has the highest number of offshore rigs in the region, which is due to the availability of oil in the Gulf of Mexico and offshore shale gas reserves, making it a significant market for subsea production and processing systems.
  • Further, in 2022, there may be more deepwater exploration and project sanctions in the Gulf of Mexico due to the robust oil and gas prices because of the war between Ukraine and Russia. Also, about 12 deepwater projects in the US gulf discoveries were made, directly aiding the subsea production and processing system market during the forecast period.
  • In March 2022, Shell PLC announced that it had started production of subsea development at the Powernap located in the Gulf of Mexico, with estimated peak production of 20,000 barrels of oil equivalent per day.
  • Overall, the United States is expected to hold a major share of the North American subsea production and processing system market, as it holds the most amount of reserves.

North America Subsea Production & Processing System Industry Overview

The North American subsea production and processing system market is moderately consolidated. The major companies include Subsea 7 SA, TechnipFMC PLC, Aker Solutions, Oceaneering International Inc., and General Electric Company.

North America Subsea Production & Processing System Market Leaders

  1. Aker Solutions

  2. Subsea 7 SA

  3. TechnipFMC PLC

  4. Oceaneering International Inc.

  5. General Electric Company

  6. *Disclaimer: Major Players sorted in no particular order
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North America Subsea Production & Processing System Market News

  • In 2022, IKM Subsea Internation, SAAB, and L3 showcased a remote and unscrewed vehicle where these remote piloted ROVs and autonomous unscrewed vehicles for subsea services.
  • In December 2021, Subsea 7 received a contract from Aker BP for the Hanz Field development in the North Sea. The company will provide a 15-km subsea tie-back and include EPCI for production, gas-lift pipeline, and associated subsea infrastructure, using the Subsea 7 vessels.

North America Subsea Production & Processing System Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2027
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitute Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION?

  • 5.1 Production System
    • 5.1.1 Subsea Trees
    • 5.1.2 Subsea Umbilicals
    • 5.1.3 Risers and Flowlines
    • 5.1.4 Subsea Wellhead
    • 5.1.5 Other Production Systems
  • 5.2 Processing System
    • 5.2.1 Boosting
    • 5.2.2 Separation
    • 5.2.3 Injection
    • 5.2.4 Gas Compression
  • 5.3 Geography
    • 5.3.1 United States
    • 5.3.2 Canada
    • 5.3.3 Mexico

6. COMPETITIVE LANDSCAPE?

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Subsea 7 SA
    • 6.3.2 TechnipFMC PLC
    • 6.3.3 Aker Solutions
    • 6.3.4 Baker Hughes Co.
    • 6.3.5 NOV Inc.
    • 6.3.6 Schlumberger NV
    • 6.3.7 Oceaneering International Inc.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
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North America Subsea Production & Processing System Industry Segmentation

The scope of the North American subsea production and processing system market report includes:

Production System Subsea Trees
Subsea Umbilicals
Risers and Flowlines
Subsea Wellhead
Other Production Systems
Processing System Boosting
Separation
Injection
Gas Compression
Geography United States
Canada
Mexico
Production System
Subsea Trees
Subsea Umbilicals
Risers and Flowlines
Subsea Wellhead
Other Production Systems
Processing System
Boosting
Separation
Injection
Gas Compression
Geography
United States
Canada
Mexico
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North America Subsea Production & Processing System Market Research FAQs

What is the current North America Subsea Production and Processing System Market size?

The North America Subsea Production and Processing System Market is projected to register a CAGR of greater than 2% during the forecast period (2025-2030)

Who are the key players in North America Subsea Production and Processing System Market?

Aker Solutions, Subsea 7 SA, TechnipFMC PLC, Oceaneering International Inc. and General Electric Company are the major companies operating in the North America Subsea Production and Processing System Market.

What years does this North America Subsea Production and Processing System Market cover?

The report covers the North America Subsea Production and Processing System Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the North America Subsea Production and Processing System Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

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North America Subsea Production and Processing System Industry Report

Statistics for the 2025 North America Subsea Production and Processing System market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Subsea Production and Processing System analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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