Subsea Manifolds Market - Global Industry Analysis, Forecast 2014 – 2020

Transparency Market Research announces the publication of a new report, titled “Subsea Manifolds Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2020”. The report, available for sale on the company’s website, gives an in-depth insight of the market trends leading the global subsea manifolds market. It documents the key market drivers, restraints, growth opportunities, and threats.

Browse the full Subsea Manifolds Market report at : http://www.transparencymarketresearch.com/subsea-manifolds-market.html

According to the research report, the global subsea manifolds market was valued at US$2.5 bn in 2013 and is expected to reach a figure of US$3.7 bn by the end of 2020, growing at a whopping CAGR of 5.6% from 2014 to 2020. The report also indicates the pattern in which the global subsea manifolds market is going to impact the global economy as well.Several international oil and gas companies are looking at developing offshore hydrocarbon reserves, which is driving the market for subsea technologies. These technologies are being crafted in order to combat the difficult operating conditions in deep waters and to bring about flexibility in design to suit the soil properties in respective areas. In recent years, oil and gas exploration companies have preferred installing subsea technologies in offshore fields with heavy oils and low reservoir pressures to achieve a better production rate. These subsea manifold systems enable direct flow from subsea wells to other multiple flowline headers for further production. This equipment is crucial for subsea production systems, as they play a major role in adapting to the changing operating conditions.

The global subsea manifolds market has been segmented on the basis of applications and regions. The applications of subsea manifolds are seen in injection manifolds and production manifolds. In recent times, the injections manifolds segment has witnessed big investments as several...