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The Subsea Well Access and BOP System Market is segmented by Subsea Well Access System Type (Vessel-based Well Access Systems and Rig-based Well Access Systems), Subsea BOP System Type (Annular BOP and Ram BOP), and Geography (North America (United States, Canada, Rest of North America), Europe (Russia, United Kingdom, Norway, Rest of Europe), Asia-Pacific (Australia, China, India, Indonesia, Rest of Asia-Pacific), South America (Brazil, Venezuela, Rest of South America), Middle-East and Africa (Saudi Arabia, Iran, Qatar, Egypt, Rest of Middle-East and Africa))
Study Period:
2016 - 2026
Base Year:
2019
Fastest Growing Market:
South America
Largest Market:
Europe
CAGR:
6 %
The subsea well access and BOP system market is expected to register a CAGR of less than 6% during 2020-2025. Rising deepwater offshore development activities, owing to the increasing viability of the offshore oil and gas projects, is expected to drive the subsea well access and BOP system market, globally. The costs of several offshore oil and gas projects have reduced significantly, as the upstream companies have been ensuring the viability in a lower price environment, such as shale oil and gas play. However, higher oil price volatility during the recent years, owing to the supply-demand gap, geopolitics, and several other factors, has been restraining the growth of the subsea well access and BOP system market.
The subsea well access and BOP system market report include:
Subsea Well Access System - By Type | |
Vessel-based Well Access Systems | |
Rig-based Well Access Systems |
Subsea BOP System - By Type | |
Annular BOP | |
Ram BOP |
Geography | |||||||
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The subsea well access and BOP system market is partially consolidated, due to the small number of companies operating in the industry. The key players in this market include Baker Hughes Company, Schlumberger Limited, National Oilwell Varco Inc., Shandong Kerui Holding Group Co. Ltd, and Weatherford International PLC.
1. INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2. EXECUTIVE SUMMARY
3. RESEARCH METHODOLOGY
4. MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2025
4.3 Recent Trends and Developments
4.4 Market Dynamics
4.4.1 Drivers
4.4.2 Restraints
4.5 Supply Chain Analysis
4.6 Porter's Five Forces Analysis
4.6.1 Bargaining Power of Suppliers
4.6.2 Bargaining Power of Consumers
4.6.3 Threat of New Entrants
4.6.4 Threat of Substitutes Products and Services
4.6.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Subsea Well Access System - By Type
5.1.1 Vessel-based Well Access Systems
5.1.2 Rig-based Well Access Systems
5.2 Subsea BOP System - By Type
5.2.1 Annular BOP
5.2.2 Ram BOP
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Rest of North America
5.3.2 Europe
5.3.2.1 Russia
5.3.2.2 United Kingdom
5.3.2.3 Norway
5.3.2.4 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 Australia
5.3.3.2 China
5.3.3.3 India
5.3.3.4 Indonesia
5.3.3.5 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Venezuela
5.3.4.3 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 Iran
5.3.5.3 Qatar
5.3.5.4 Egypt
5.3.5.5 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Aker Solutions ASA
6.4.2 Baker Hughes Company
6.4.3 Halliburton Company
6.4.4 Schlumberger Limited
6.4.5 Weatherford International PLC
6.4.6 National-Oilwell Varco Inc.
6.4.7 Oceaneering International
6.4.8 TechnipFMC PLC
6.4.9 Kerui Group Co. Ltd
6.4.10 Rongsheng Machinery Manufacture Ltd
6.4.11 Expro Holdings UK2 Limited
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability