Subsea Manifolds Market to Reach US$3.7 bn by 2020

The global subsea manifolds market is examined in detail in a recent market research report published by Transparency Market Research. The report states that the market will expand at a moderate 5.6% CAGR between 2014 and 2020. As a result, the market will rise from a valuation of US$2.5 bn in 2013 to US$3.7 bn by 2020.The report is titled “Subsea Manifolds Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 – 2020”. It presents an in-depth analysis of the key elements of the market and the impact of the critical factors driving the market, restraining its growth, and major trends on market’s overall development.

The report segments the global subsea manifolds market on the basis of two criteria: application and geography. On the basis of application, the market has been segmented into production manifolds and injection manifolds. In the past few years, the segment of injection manifolds has witnessed increasing investments from international vendors.

On the basis of geography, the report segments the market into North America, Asia Pacific, Middle East and Africa, Latin America, and Europe. Of these, Europe led the global subsea manifolds market in 2013, majorly owing to the pressure of abiding by a template structure for keeping subsea instruments intact.

The report also presents a detailed overview of the competitive landscape of the global subsea manifolds market with the help of business profiles of some of the key companies operating in the market, market attractive analysis, and recent developments. Some of the key companies in the market, profiled in the report, are Dril-Quip Inc., Aker Solutions ASA, Baker Hughes Incorporated, FMC Technologies, Inc., General Electric, Subsea 7 S.A., and OneSubsea.

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Ganesh Rajput

As one of the lead news writers on CMFE News, Ganesh’s specialization lies in the science and technology domains. His passion for the latest developments in cloud technology, connected devices, nanotechnology, and virtual reality, among others, shines through in the most recent industry coverage he provides. Ganesh’s take on the impact of digital technologies across the science, technology, and business domains gives his writing a fresh and modern outlook.

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