Subsea manifold systems are key equipment designed to extend life of existing fields, increase oil recovery from deepwater reservoirs, and reduce the capital and operating costs in the production fields.

1. Subsea Manifolds Market (By Application - Production,
and Injection) - Global Industry Analysis, Size, Share,
Growth, Trends, and Forecast 2014 - 2020
Published By:
Transparency Market
Research
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2. Report Description
Subsea manifold systems are key equipment designed to extend life of existing fields,
increase oil recovery from deepwater reservoirs, and reduce the capital and operating costs
in the production fields. Recently, capital investments in the subsea manifold have
significantly increased across the globe. Many subsea manifold manufacturing companies
are now offering customized subsea production solutions based on the properties of the soil
in the target area. Many investors in the oil exploration companies are also focusing on
improving their oil recovery techniques using advanced subsea manifold systems. Such
aspects have given a boost to the overall subsea manifolds market.
According to a recent study by Ecopetrol S.A., hydrocarbon reserves in offshore areas are
mostly obtained in deepwater basins. Due to this factor the technological advancements
used for exploring the offshore hydrocarbon reserves have encouraged the growth of the
subsea manifold market.
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3. Scope
Injection manifolds and production manifolds are the two major application segments of the
subsea manifolds market.The production manifolds segment is the largest application segment
in terms of installations. In 2013, Europe accounted for the major market share in terms of
spending on subsea manifold systems. Many aging oil reserves in various European countries
are attracting huge investments in the injections manifolds market too.
In the next five years, North America’s subsea manifolds market will benefit from the
deepwater projects planned in the Gulf of Mexico. Various offshore activities in the areas of
the Gulf of Mexico and California are projected to stir growth and investments in the overall
market.

4. Key Players
The key players are ABB Limited,Aker Solutions ASA ,Baker Hughes Incorporated ,Dril-Quip
Inc. ,FMC Technologies Inc. , General Electric , ITT Bornemann GmbH,OneSubsea ,Siemens
AG ,Subsea 7 S.A. Technip S.A.
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