Subsea Production and Processing Systems Market worth $24.6 Billion by 2018
The report “Subsea Production & Processing Systems Market by Technology/Components (Subsea Umbilicals, Risers, Flowlines, Trees, Control Modules, Manifolds), Types (Boosting, Injection, Separation, Compression), & Geography - Global Trends & Forecast to 2018� defines and segments the subsea production and processing systems market with analysis and forecasting of the global revenue. Browse more than 54 market data tables with 27 figures spread through 249 pages and indepth TOC on "Subsea Production & Processing Systems Market - Global Trends & Forecast to 2018" http://www.marketsandmarkets.com/Market-Reports/subsea-production-processing-systemsmarket-938.html Early buyers will receive 10% customization of report. The subsea production and processing systems market is likely to grow reasonably in upcoming years. The long-term drivers of the subsea market are well known. The relentless depletion of onshore and shallow water fields has compelled oil companies to focus on deep water areas where a combination of floating and subsea production units is used to extract hydrocarbons. In recent years, this trend has been reinforced by operators favoring technological risks over political risks, with oil companies preferring to leverage their technological capability in deeper water play than to engage in places such as Iran and Venezuela that have an unpredictable business environment for investors. The market has been estimated from demand side. This report breaks the market into smaller product segments. In order to provide a deeper understanding of the competitive landscape, the report profiles 23 companies in the subsea production and processing systems market. The subsea production and processing systems market is valued at over $18 billion in 2013 and is forecasted to grow at a CAGR of 6% from 2013 to 2018 to reach more thant $24 billion by 2018. Subsea production systems are the major revenue generating equipment which generated around $17 billion revenue in 2013 and is expected to reach more than $22 billion by 2018. About MarketsandMarkets MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals, including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation,