Centrifugal Subsea Pumps Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Centrifugal subsea pumps work by conversion of rotational kinetic energy to the hydrodynamic energy of the fluid flow. The centrifugal subsea pump has two types, single phase pumps and a multiphase pump. Subsea single and multiphase pumps are commonly used in mature offshore fields to boost recovery rates by reducing reservoir backpressure and thereby boosting flow rates and total recoverable reserves. Centrifugal Subsea pumps are vertically constructed, with an oil-filled engine at the top and the pump component at the bottom. Furthermore, the pump and motor are fully contained in a pressure enclosure designed for subsea installation and capable of holding the motor at depths of up to 3,000 meters and pressures of up to 15,000 psi. Furthermore, centrifugal subsea pumps have taken into account the demand for significant oil production off the coast.
MARKET DYNAMICS
Increase in exploration across subsea oil and gas exploration sites is the key driving factor for the market growth. Additionally, the depletion of shallow and onshore oil and gas reserves forces companies to focus more on deep sea deposits, boosting market growth. Moreover, rapid continuous recovery of oil and gas reserves beneath the water's surface, as well as related lengthier tiebacks and subsea pumping systems, are likely to improve offshore reserves. However, presence of stringent government regulations and environmental issues are expected to restrain market growth.
MARKET SCOPE
The "Global Centrifugal subsea pumps Market Analysis to 2031" is a specialized and in-depth study of the Centrifugal subsea pumps Market with a special focus on the global market trend analysis. The report aims to provide an overview of Centrifugal subsea pumps market with detailed market segmentation by product type and application. The global Centrifugal subsea pumps market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Centrifugal subsea pumps market player and offers key trends and opportunities in the Centrifugal subsea pumps market.
MARKET SEGMENTATION
The global Centrifugal subsea pumps market is segmented as, product type and application. Based on product type the market is segmented as, single phase pump and multi-phase pumps. Based on application the market is segmented as, oil and gas, water treatment and chemical process.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Centrifugal subsea pumps market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Centrifugal subsea pumps market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Centrifugal subsea pumps market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Centrifugal subsea pumps market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Centrifugal subsea pumps market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Centrifugal subsea pumps market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Centrifugal subsea pumps market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Centrifugal subsea pumps market in these regions.
MARKET PLAYERS
The reports cover key developments in the Centrifugal subsea pumps market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Centrifugal subsea pumps market are anticipated to lucrative growth opportunities in the future with the rising demand for Centrifugal subsea pumps market. Below mentioned is the list of few companies engaged in the Centrifugal subsea pumps market.
The report also includes the profiles of key Centrifugal subsea pumps market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Aker Solutions
- Framo
- Baker Hughes Company
- Leistritz Pumpen GmbH
- Schlumberger Limited
- General Electric
- Flowserve Corporation
- Sulzer
- FMC Technologies
- ITT Bornemann GmbH
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Centrifugal Subsea Pumps Market - By Product Type
1.3.2 Centrifugal Subsea Pumps Market - By Application
1.3.3 Centrifugal Subsea Pumps Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CENTRIFUGAL SUBSEA PUMPS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. CENTRIFUGAL SUBSEA PUMPS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. CENTRIFUGAL SUBSEA PUMPS MARKET - GLOBAL MARKET ANALYSIS
6.1. CENTRIFUGAL SUBSEA PUMPS - GLOBAL MARKET OVERVIEW
6.2. CENTRIFUGAL SUBSEA PUMPS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CENTRIFUGAL SUBSEA PUMPS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. SINGLE-PHASE PUMP
7.3.1. Overview
7.3.2. Single-phase pump Market Forecast and Analysis
7.4. MULTIPHASE PUMPS
7.4.1. Overview
7.4.2. Multiphase pumps Market Forecast and Analysis
8. CENTRIFUGAL SUBSEA PUMPS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. OIL AND GAS
8.3.1. Overview
8.3.2. Oil and Gas Market Forecast and Analysis
8.4. WATER TREATMENT
8.4.1. Overview
8.4.2. Water Treatment Market Forecast and Analysis
8.5. CHEMICAL PROCESS
8.5.1. Overview
8.5.2. Chemical Process Market Forecast and Analysis
9. CENTRIFUGAL SUBSEA PUMPS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Centrifugal Subsea Pumps Market Overview
9.1.2 North America Centrifugal Subsea Pumps Market Forecasts and Analysis
9.1.3 North America Centrifugal Subsea Pumps Market Forecasts and Analysis - By Product Type
9.1.4 North America Centrifugal Subsea Pumps Market Forecasts and Analysis - By Application
9.1.5 North America Centrifugal Subsea Pumps Market Forecasts and Analysis - By Countries
9.1.5.1 United States Centrifugal Subsea Pumps Market
9.1.5.1.1 United States Centrifugal Subsea Pumps Market by Product Type
9.1.5.1.2 United States Centrifugal Subsea Pumps Market by Application
9.1.5.2 Canada Centrifugal Subsea Pumps Market
9.1.5.2.1 Canada Centrifugal Subsea Pumps Market by Product Type
9.1.5.2.2 Canada Centrifugal Subsea Pumps Market by Application
9.1.5.3 Mexico Centrifugal Subsea Pumps Market
9.1.5.3.1 Mexico Centrifugal Subsea Pumps Market by Product Type
9.1.5.3.2 Mexico Centrifugal Subsea Pumps Market by Application
9.2. EUROPE
9.2.1 Europe Centrifugal Subsea Pumps Market Overview
9.2.2 Europe Centrifugal Subsea Pumps Market Forecasts and Analysis
9.2.3 Europe Centrifugal Subsea Pumps Market Forecasts and Analysis - By Product Type
9.2.4 Europe Centrifugal Subsea Pumps Market Forecasts and Analysis - By Application
9.2.5 Europe Centrifugal Subsea Pumps Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Centrifugal Subsea Pumps Market
9.2.5.1.1 Germany Centrifugal Subsea Pumps Market by Product Type
9.2.5.1.2 Germany Centrifugal Subsea Pumps Market by Application
9.2.5.2 France Centrifugal Subsea Pumps Market
9.2.5.2.1 France Centrifugal Subsea Pumps Market by Product Type
9.2.5.2.2 France Centrifugal Subsea Pumps Market by Application
9.2.5.3 Italy Centrifugal Subsea Pumps Market
9.2.5.3.1 Italy Centrifugal Subsea Pumps Market by Product Type
9.2.5.3.2 Italy Centrifugal Subsea Pumps Market by Application
9.2.5.4 United Kingdom Centrifugal Subsea Pumps Market
9.2.5.4.1 United Kingdom Centrifugal Subsea Pumps Market by Product Type
9.2.5.4.2 United Kingdom Centrifugal Subsea Pumps Market by Application
9.2.5.5 Russia Centrifugal Subsea Pumps Market
9.2.5.5.1 Russia Centrifugal Subsea Pumps Market by Product Type
9.2.5.5.2 Russia Centrifugal Subsea Pumps Market by Application
9.2.5.6 Rest of Europe Centrifugal Subsea Pumps Market
9.2.5.6.1 Rest of Europe Centrifugal Subsea Pumps Market by Product Type
9.2.5.6.2 Rest of Europe Centrifugal Subsea Pumps Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Centrifugal Subsea Pumps Market Overview
9.3.2 Asia-Pacific Centrifugal Subsea Pumps Market Forecasts and Analysis
9.3.3 Asia-Pacific Centrifugal Subsea Pumps Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Centrifugal Subsea Pumps Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Centrifugal Subsea Pumps Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Centrifugal Subsea Pumps Market
9.3.5.1.1 Australia Centrifugal Subsea Pumps Market by Product Type
9.3.5.1.2 Australia Centrifugal Subsea Pumps Market by Application
9.3.5.2 China Centrifugal Subsea Pumps Market
9.3.5.2.1 China Centrifugal Subsea Pumps Market by Product Type
9.3.5.2.2 China Centrifugal Subsea Pumps Market by Application
9.3.5.3 India Centrifugal Subsea Pumps Market
9.3.5.3.1 India Centrifugal Subsea Pumps Market by Product Type
9.3.5.3.2 India Centrifugal Subsea Pumps Market by Application
9.3.5.4 Japan Centrifugal Subsea Pumps Market
9.3.5.4.1 Japan Centrifugal Subsea Pumps Market by Product Type
9.3.5.4.2 Japan Centrifugal Subsea Pumps Market by Application
9.3.5.5 South Korea Centrifugal Subsea Pumps Market
9.3.5.5.1 South Korea Centrifugal Subsea Pumps Market by Product Type
9.3.5.5.2 South Korea Centrifugal Subsea Pumps Market by Application
9.3.5.6 Rest of Asia-Pacific Centrifugal Subsea Pumps Market
9.3.5.6.1 Rest of Asia-Pacific Centrifugal Subsea Pumps Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Centrifugal Subsea Pumps Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Centrifugal Subsea Pumps Market Overview
9.4.2 Middle East and Africa Centrifugal Subsea Pumps Market Forecasts and Analysis
9.4.3 Middle East and Africa Centrifugal Subsea Pumps Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Centrifugal Subsea Pumps Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Centrifugal Subsea Pumps Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Centrifugal Subsea Pumps Market
9.4.5.1.1 South Africa Centrifugal Subsea Pumps Market by Product Type
9.4.5.1.2 South Africa Centrifugal Subsea Pumps Market by Application
9.4.5.2 Saudi Arabia Centrifugal Subsea Pumps Market
9.4.5.2.1 Saudi Arabia Centrifugal Subsea Pumps Market by Product Type
9.4.5.2.2 Saudi Arabia Centrifugal Subsea Pumps Market by Application
9.4.5.3 U.A.E Centrifugal Subsea Pumps Market
9.4.5.3.1 U.A.E Centrifugal Subsea Pumps Market by Product Type
9.4.5.3.2 U.A.E Centrifugal Subsea Pumps Market by Application
9.4.5.4 Rest of Middle East and Africa Centrifugal Subsea Pumps Market
9.4.5.4.1 Rest of Middle East and Africa Centrifugal Subsea Pumps Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Centrifugal Subsea Pumps Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Centrifugal Subsea Pumps Market Overview
9.5.2 South and Central America Centrifugal Subsea Pumps Market Forecasts and Analysis
9.5.3 South and Central America Centrifugal Subsea Pumps Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Centrifugal Subsea Pumps Market Forecasts and Analysis - By Application
9.5.5 South and Central America Centrifugal Subsea Pumps Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Centrifugal Subsea Pumps Market
9.5.5.1.1 Brazil Centrifugal Subsea Pumps Market by Product Type
9.5.5.1.2 Brazil Centrifugal Subsea Pumps Market by Application
9.5.5.2 Argentina Centrifugal Subsea Pumps Market
9.5.5.2.1 Argentina Centrifugal Subsea Pumps Market by Product Type
9.5.5.2.2 Argentina Centrifugal Subsea Pumps Market by Application
9.5.5.3 Rest of South and Central America Centrifugal Subsea Pumps Market
9.5.5.3.1 Rest of South and Central America Centrifugal Subsea Pumps Market by Product Type
9.5.5.3.2 Rest of South and Central America Centrifugal Subsea Pumps Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. CENTRIFUGAL SUBSEA PUMPS MARKET, KEY COMPANY PROFILES
11.1. AKER SOLUTIONS
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. FRAMO
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BAKER HUGHES COMPANY
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. LEISTRITZ PUMPEN GMBH
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. SCHLUMBERGER LIMITED
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. GENERAL ELECTRIC
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. FLOWSERVE CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SULZER
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. FMC TECHNOLOGIES
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. ITT BORNEMANN GMBH
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Aker Solutions
2. Framo
3. Baker Hughes Company
4. Leistritz Pumpen GmbH
5. Schlumberger Limited
6. General Electric
7. Flowserve Corporation
8. Sulzer
9. FMC Technologies
10. ITT Bornemann GmbH
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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