Growth of Subsea Pumps Market 2014 - 2020

Transparency Market

Research

Subsea Pumps Market for - Global Industry Analysis, Size,

Share, Growth, Trends and Forecast 2014 - 2020

Published Date

2015-02-27

115 Page Report

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Press Release

Subsea Pumps Market Revenue is Estimated to Reach USD

1,539.1 Million by 2020

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Subsea Pumps Market

REPORT DESCRIPTION

Subsea pumping is one of the most common methods to enhance oil recovery from subsea oil and gas

reservoirs. The use of subsea pumps can make the low pressure oilfields viable by boosting their

production output. Subsea pumps also extend the life of existing Brownfield oil and gas reservoirs. Rising

need to boost the production from existing offshore Greenfield and Brownfield oil and gas projects is

expected to drive the demand for subsea pumps in the near future. Furthermore, increasing oil and gas

drilling activities and rising oil and gas demand have necessitated the usage of subsea technologies by oil

and gas service providers. The subsea pumps market is highly dependent on the development of offshore

hydrocarbon reserves across the globe. With the development of subsea technologies and increasing

number of subsea projects, the market for subsea pumps is expected to increase substantially during the

forecast period. Innovations in the subsea pumping technology have led to rise in demand for subsea

pumps.

Browse the full Subsea Pumps Market report

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This research study is designed to analyze the global market for subsea pumps in terms of revenue (USD

Million). The market for subsea pumps has been segmented based on products and applications. The

market has also been segmented on a regional level. Regional segments included in this study are North...