Global Subsea Power Grid System Market Report: Offshore Power, Components and Geography - Global Trends & Forecast To 2018

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Jul 04, 2013, 08:07 ET

DUBLIN, July 4, 2013 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/74b9vh/subsea_power_grid) has announced the addition of the "Subsea Power Grid System Market: Offshore Power, Components and Geography - Global Trends & Forecast To 2018" report to their offering.

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The subsea power grid system market will grow from an estimated $1,196.6 million in 2013 to $2,365.1 million by 2018, with a CAGR of 11.9% through 2018.

This report covers the subsea global power grid system market including a look at various components of the subsea power grid system, types of power supply sources, and other related segments. It studies the extent of end use of subsea power grid solutions in different application areas with respect to different regions. It also analyses the market with respect to drivers, opportunities, and winning imperatives related to the industry.

The qualitative analysis of subsea power grid system - with respect to its concept, components, technology, innovations, and power supply sources - is in-depth and conclusive. It discusses components such as cables, variable speed drives (VSDs), transformers, switchgears, others; and power supply sources such as captive generation, wind power, and others. Subsea power grids system are gaining worldwide importance as the oil field operators are heading towards deep and ultra deep waters for the hunt of oil and gas. In these deep waters a continuous power supply source is required in order to keep equipments running. Furthermore, the shifting focus towards renewable energy generation is also triggering companies to generate energy from renewable sources such as offshore wind power, tidal power, and solar power.

The continuous depletion of existing oil reserves are forcing oilfield E&P companies to operate in deeper offshore environments making it a huge potential market for subsea power grid system. According to a BP statistical report, the world's energy demand increased by 2.5% in 2011. To satisfy this increasing demand of oil and gas, oil companies are seeking to unlock the full potential of wells in deeper offshore environments. Hence, subsea power grid systems are vital to transmit the power to the required equipment.

The subsea power grid system market is also analyzed with respect to the Porters five forces model. Different market forces such as bargaining power of suppliers, bargaining power of buyers, degree of competition, and threat from substitutes and new entrants are analyzed with respect to the subsea power grid industry. This report also provides insights about the patent analysis by various market players for last three years and the market share analysis for different regions including Americas, Europe, Asia-Pacific, Middle East, and Africa. There are very few market players which lead the major market share. Africa represents the largest market supplemented by the rapid development of offshore fields. In Europe, there are few players with significant market share. Markets in other regions are currently emerging and industry is operated by companies based in these regions.

Key Topics Covered:

1 Introduction

2 Executive Summary

3 Premium Insights

4 Market Overview

5 Subsea Power Grid System Market, By Components

6 Subsea Power Grid System Market, By Power Supply

7 Subsea Power Grid System Market, By Geography

8 Competitive Landscape

9 Company Profiles (Overview, Financials, Products & Services, Strategy, And Developments)

- ABB Ltd
- Aker Solutions ASA
- Bandak Group AS
- Cameron International Corp
- Dril-Quip Inc
- Expro International Group Holdings Limited
- FMC Technologies Inc
- General Electric Co
- JDR Cable Systems (Holdings) Ltd
- Nexans SA
- Norddeutsche Seekabelwerke Gmbh (NSW)
- Oceaneering International Inc
- Parker Hannifin Corporation
- Prysmian Group
- SIEM Offshore Contractors
- Schlumberger Limited
- Siemens AG
- Technip SA

For more information visit http://www.researchandmarkets.com/research/74b9vh/subsea_power_grid

Research and Markets
Laura Wood, Senior Manager.
[email protected]
U.S. Fax: +1-646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Energy and Natural Resources

SOURCE Research and Markets