Subsea Manifolds Market Research Report- Global Forecast to 2023

Global Subsea Manifold Market Research Report: Information By Product (Template, Cluster, and pipeline end), Application (Production and Injection (gas, water, chemicals)) and Region (North America, Europe, APAC, Middle East & Africa) - Forecast Till 2023

ID: MRFR/E&P/2260-HCR | February 2021 | Region: Global | 111 pages

Market Scenario


Manifolds are connecting systems that are elementary units for infrastructure in the deep sea oil production projects. Subsea infrastructures require manifolds for connecting wells to pipelines and risers, onwards to reach floaters, platforms and other facilities. The application of manifolds lies in merging the flow from the multi-well template and transferring the flow to production flowlines and for managing the distribution of injected water, gas, and chemicals. Any field that is under development process to produce oil from the subsea beds provide the market for subsea manifolds. Manifolds are amongst the greatest cost-effective and operation efficient systems of the development of oil fields while diminishing the demand for subsea pipelines and risers. Subsea manifolds are designed to combine, distribute, control and monitor the flow of fluids from the wells. The subsea manifolds are installed in the deep sea beds by either conventional methods, which involve installation by cables and drilling risers or non-conventional methods including the sheave installation method and pendulous installation method.


The subsea manifold market is driven by facts such as the increasing number of offshore oil discoveries, more multi-well templates in the subsea beds and, harsher geography drilling in offshore basins. In 2017, out of ten new oil discoveries, five were done in deep-water environment.  The geography of the subsea beds is harsher than of onshore. Thus it requires superior infrastructure. The types of subsea manifolds which include template manifold, cluster manifold and pipeline end manifold are designed to withstand tough and ultra-deep conditions. However, the lower crude oil prices are hampering the market for subsea manifolds.  


Global Subsea Manifolds market has been segmented on the basis of products, application and regions. Based on the products, the market is further classified as template manifold, cluster manifold, and pipeline end manifold. Among this classification, cluster manifold segment is expected to dominate the market for subsea manifolds. Cluster manifold are superior than template manifolds as they provide flexibility for segregation of wells, can include chemical injection, unlike the typical manifolds, and allow the re-use of exploration wells. On the basis of application, the market is segmented as production and injection. Among these segments the injection application can additionally be categorized as gas injection, water injection and chemical injection. Geography-wise, the market is segmented into the four regions of North America, AsiaPacific, Europe and Rest of world.


Subsea manifold industry is anticipated to have sharp rise in advancements with respect to technology over the forecast period owing to the continuous developments in the oil industry along with increasing number of projects in the offshore location. Moreover, the market is expected to experience high expansion activities by major players by virtue of focus for offshore field development infrastructure.


Global Subsea Manifold Market is expected to expand at ~4.85% CAGR during the forecast period.


Market Segmentation


 Subsea manifold market


Global Subsea Manifold Market


The global subsea manifold market is anticipated to witness remarkable growth during the forecast period. Europe region is expected to dominate the market with the largest market share in the forecast period. In April 2018, Norwegian oil major Statoil started the installation of the first topside for the Johan Sverdrup field development offshore Norway. A higher number of projects in the deep locations in North Sea, are likely to enhance the market for subsea manifolds. North America region is likely to follow the market share with discoveries in the Gulf of Mexico. In 2018, W&T Offshore Inc. and GE’s Baker Hughes has signed a strategic partnership for W&T’s exploration and development plan in the Gulf of Mexico. A higher number of projects are also coming from Mediterranean Sea region from Africa, which will drive the market for subsea manifold in the Africa region.


Key Players


The key players of global subsea manifold markets are ABB (Switzerland), Aker Solutions ASA (Norway), Baker Hughes Incorporated (U.S), TechnipFMC Technologies Inc. (U.S.), General Electric (U.S.), and ITT Bornemann GmbH (Germany). One Subsea (U.S.), Subsea 7 S.A. (U.K.), Schlumberger (U.S.), Halliburton (U.S.), Siemens AG (Germany), and Drill Quip (U.S.) are among others.



Frequently Asked Questions (FAQ) :


The global market of subsea manifolds can thrive at 4.85% CAGR in the review period.

The subsea manifolds market can attain lucrative valuation by 2023.

Aker Solutions ASA (Norway), TechnipFMC Technologies Inc. (U.S.), Baker Hughes Incorporated (U.S), and General Electric (U.S.) are some renowned players of the subsea manifolds market.

The rise in offshore oil recoveries can impel the global subsea manifolds market growth.

Increase in number of subsea projects can propel the North America subsea manifolds market growth.

Table of content

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market size Estimation

2.5 Forecast Model


3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat of New Entrants

3.1.2 Bargaining power of buyers

3.1.3 Bargaining power of suppliers

3.1.4 Threat of substitutes

3.1.5 Segment rivalry

3.2 Value Chain/Supply Chain Analysis


4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends


5 Global Subsea Manifold Market, By Product

5.1 Introduction

5.2 Template

5.2.1 Market Estimates & Forecast, 2017-2023

5.2.2 Market Estimates & Forecast by Region, 2017-2023

5.3 Cluster

5.3.1 Market Estimates & Forecast, 2017-2023

5.3.2 Market Estimates & Forecast by Region, 2017-2023

5.4 Pipeline end manifold

5.4.1 Market Estimates & Forecast, 2017-2023

5.4.2 Market Estimates & Forecast by Region, 2017-2023


6 Global Subsea Manifold Market, By Application

6.1 Introduction

6.2 Production

6.2.1 Market Estimates & Forecast, 2017-2023

6.2.2 Market Estimates & Forecast by Region, 2017-2023

6.3 Injection

6.3.1 Market Estimates & Forecast, 2017-2023

6.3.2 Market Estimates & Forecast by Region, 2017-2023

7 Global Subsea Manifold Market, By Region

7.1 Introduction

7.2 North America

7.2.1 Market Estimates & Forecast, 2017-2023

7.2.2 Market Estimates & Forecast by Product, 2017-2023

7.2.3 Market Estimates & Forecast by Application, 2017-2023

7.2.4 The U.S.

7.2.4.1 Market Estimates & Forecast, 2017-2023

7.2.4.2 Market Estimates & Forecast by Product, 2017-2023

7.2.4.3 Market Estimates & Forecast by Application, 2017-2023

7.2.5 Canada

7.2.5.1 Market Estimates & Forecast, 2017-2023

7.2.5.2 Market Estimates & Forecast by Product, 2017-2023

7.2.5.3 Market Estimates & Forecast by Application, 2017-2023

7.3 Europe

7.3.1 Market Estimates & Forecast, 2017-2023

7.3.2 Market Estimates & Forecast by Product, 2017-2023

7.3.3 Market Estimates & Forecast by Application, 2017-2023

7.3.4 U.K.

7.3.4.1 Market Estimates & Forecast, 2017-2023

7.3.4.2 Market Estimates & Forecast by Product, 2017-2023

7.3.4.3 Market Estimates & Forecast by Application, 2017-2023

7.3.5 Germany

7.3.5.1 Market Estimates & Forecast, 2017-2023

7.3.5.2 Market Estimates & Forecast by Product, 2017-2023

7.3.5.3 Market Estimates & Forecast by Application, 2017-2023

7.3.6 France

7.3.6.1 Market Estimates & Forecast, 2017-2023

7.3.6.2 Market Estimates & Forecast by Product, 2017-2023

7.3.6.3 Market Estimates & Forecast by Application, 2017-2023

7.3.8 Italy

7.3.8.1 Market Estimates & Forecast, 2017-2023

7.3.8.2 Market Estimates & Forecast by Product, 2017-2023

7.3.8.3 Market Estimates & Forecast by Application, 2017-2023

7.3.6 Rest of Europe

7.3.9.1 Market Estimates & Forecast, 2017-2023

7.3.9.2 Market Estimates & Forecast by Product, 2017-2023

7.3.9.3 Market Estimates & Forecast by Application, 2017-2023

7.4 Asia Pacific

7.4.1 Market Estimates & Forecast, 2017-2023

7.4.2 Market Estimates & Forecast by Product, 2017-2023

7.4.3 Market Estimates & Forecast by Application, 2017-2023

7.4.4 China

7.4.4.1 Market Estimates & Forecast, 2017-2023

7.4.4.2 Market Estimates & Forecast by Product, 2017-2023

7.4.4.3 Market Estimates & Forecast by Application, 2017-2023

7.4.5 Japan

7.4.5.1 Market Estimates & Forecast, 2017-2023

7.4.5.2 Market Estimates & Forecast by Product, 2017-2023

7.4.5.3 Market Estimates & Forecast by Application, 2017-2023

7.4.6 India

7.4.6.1 Market Estimates & Forecast, 2017-2023

7.4.6.2 Market Estimates & Forecast by Product, 2017-2023

7.4.6.3 Market Estimates & Forecast by Application, 2017-2023

7.4.7 Rest of Asia Pacific

7.4.7.1 Market Estimates & Forecast, 2017-2023

7.4.7.2 Market Estimates & Forecast by Product, 2017-2023

7.4.7.3 Market Estimates & Forecast by Application, 2017-2023

7.5 Rest of the World

7.5.1 Market Estimates & Forecast, 2017-2023

7.5.2 Market Estimates & Forecast by Product, 2017-2023

7.5.3 Market Estimates & Forecast by Application, 2017-2023

8 Competitive Landscape


9 Company Profile

9.1 ABB Ltd. (Switzerland)

9.1.1 Company Overview

9.1.2 Product/Services Offering

9.1.3 Financial Overview

9.1.4 Key Developments

9.1.5 Strategy

9.1.6 SWOT Analysis

9.2 Aker Solutions ASA (Norway)

9.2.1 Company Overview

9.2.2 Product /Services Offering

9.2.3 Financial Overview

9.2.4 Key Developments

9.2.5 Strategy

9.2.6 SWOT Analysis

9.3 GE Baker Hughes Incorporated (U.S)

9.3.1 Company Overview

9.3.2 Product /Services Offering

9.3.3 Financial Overview

9.3.4 Key Developments

9.3.5 Strategy

9.3.6 SWOT Analysis

9.4 TechnipFMC Technologies Inc. (U.S.)

9.4.1 Company Overview

9.4.2 Product /Services Offering

9.4.3 Financial Overview

9.4.4 Key Developments

9.4.5 Strategy

9.4.6 SWOT Analysis

9.5 ITT Bornemann GmbH (Germany)

9.5.1 Company Overview

9.5.2 Product /Services Offering

9.5.3 Financial Overview

9.5.4 Key Developments

9.5.5 Strategy

9.5.6 SWOT Analysis

9.6 One Subsea (U.S.)

9.6.1 Company Overview

9.6.2 Product /Services Offering

9.6.3 Financial Overview

9.6.4 Key Developments

9.6.5 Strategy

9.6.6 SWOT Analysis

9.7 Subsea 7 S.A. (U.K.)

9.7.1 Company Overview

9.7.2 Product /Services Offering

9.7.3 Financial Overview

9.7.4 Key Developments

9.7.5 Strategy

9.7.6 SWOT Analysis

9.8 Schlumberger (U.S.)

9.8.1 Company Overview

9.8.2 Product /Services Offering

9.8.3 Financial Overview

9.8.4 Key Developments

9.8.5 Strategy

9.8.6 SWOT Analysis

9.9 Halliburton (U.S.),

9.9.1 Company Overview

9.9.2 Product /Services Offering

9.9.3 Financial Overview

9.9.4 Key Developments

9.9.5 Strategy

9.9.6 SWOT Analysis

9.10 Siemens AG (Germany)

9.10.1 Company Overview

9.10.2 Product /Services Offering

9.10.3 Financial Overview

9.10.4 Key Developments

9.10.5 Strategy

9.11 Drill Quip (U.S.)

9.11.1 Company Overview

9.11.2 Product /Services Offering

9.11.3 Financial Overview

9.11.4 Key Developments

9.11.5 Strategy

9.11.6 SWOT Analysis


List of Tables

Table 1 Global Subsea Manifold Market: By Region, 2017-2023

Table 2 North America Subsea Manifold Market: By Country, 2017-2023

Table 3 Europe Subsea Manifold Market: By Country, 2017-2023

Table 4 Asia Pacific Subsea Manifold Market: By Country, 2017-2023

Table 5 RoW Subsea Manifold Market: By Country, 2017-2023

Table 6 Global Subsea Manifold Market, by Product, By Regions, 2017-2023

Table 7 North America Subsea Manifold Market, by Product, By Country, 2017-2023

Table 8 Europe Subsea Manifold Market, by Resin type, By Country, 2017-2023

Table 9 Asia Pacific Subsea Manifold Market by Product, By Country, 2017-2023

Table 10 RoW Subsea Manifold Market by Product, By Country, 2017-2023

Table 11 Global Subsea Manifold Market by Application Market: By Regions, 2017-2023

Table 12 North America Subsea Manifold Market by Application: By Country, 2017-2023

Table 13 Europe Subsea Manifold Market by Application: By Country, 2017-2023

Table 14 Asia Pacific Subsea Manifold Market by Application: By Country, 2017-2023

Table 15 RoW Subsea Manifold Market by Application: By Country, 2017-2023

Table 16 Global Subsea Manifold Market: By Region, 2017-2023

Table 17 Global Subsea Manifold Market: By Region, 2017-2023

Table 18 Global Subsea Manifold Market: By Region, 2017-2023

Table 19 North America Subsea Manifold Market, By Country

Table 20 North America Subsea Manifold Market, by Product

Table 21 North America Subsea Manifold Market, by Application

Table 22 Europe: Subsea Manifold Market, By Country

Table 23 Europe: Subsea Manifold Market, by Product

Table 24 Europe: Subsea Manifold Market, by Application

Table 25 Asia-Pacific: Subsea Manifold Market, By Country

Table 26 Asia-Pacific: Subsea Manifold Market, by Product

Table 27 Asia-Pacific: Subsea Manifold Market, by Application

Table 28 RoW: Subsea Manifold Market, By Region

Table 29 RoW Subsea Manifold Market, by Product

Table 30 RoW Subsea Manifold Market, by Application



List of Figures

FIGURE 1 RESEARCH PROCESS OF MRFR

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH

FIGURE 3 MARKET DYNAMICS

FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS

FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS

FIGURE 6 PORTER’S FIVE FORCES ANALYSIS

FIGURE 7 VALUE CHAIN ANALYSIS

FIGURE 8 GLOBAL SUBSEA MANIFOLD MARKETSHARE, BY PRODUCT, 2016 (%)

FIGURE 9 GLOBAL SUBSEA MANIFOLD MARKET, BY PRODUCT, 2015-2023 (USD MILLION)

FIGURE 10 GLOBAL SUBSEA MANIFOLD MARKETSHARE, BY EQUIPMENT, 2016 (%)

FIGURE 9 GLOBAL SUBSEA MANIFOLD MARKET, BY EQUIPMENT, 2015-2023 (USD MILLION)

FIGURE 12 GLOBAL SUBSEA MANIFOLD MARKET SHARE (%), BY REGION, 2016

FIGURE 13 GLOBAL SUBSEA MANIFOLD MARKET, BY REGION, 2015-2023 (USD MILLION)

FIGURE 14 NORTH AMERICA SUBSEA MANIFOLD MARKETSHARE (%), 2016

FIGURE 15 NORTH AMERICA SUBSEA MANIFOLD MARKETBY COUNTRY, 2015-2023 (USD MILLION)

FIGURE 16 EUROPE SUBSEA MANIFOLD MARKETSHARE (%), 2016

FIGURE 17 EUROPE SUBSEA MANIFOLD MARKETBY COUNTRY, 2015-2023 (USD MILLION)

FIGURE 18 ASIA PACIFIC SUBSEA MANIFOLD MARKETSHARE (%), 2016

FIGURE 19 ASIA PACIFIC SUBSEA MANIFOLD MARKETBY COUNTRY, 2015-2023 (USD MILLION)

FIGURE 20 REST OF THE WORLD SUBSEA MANIFOLD MARKETSHARE (%), 2016

FIGURE 21 REST OF THE WORLD SUBSEA MANIFOLD MARKETBY COUNTRY, 2015-2023 (USD MILLION)