The Subsea Pumps Market is showing significant growth at an annual average of 6%, mainly relying on offshore exploration activities and mature offshore oil fields. The main factors encouraging operators to adopt subsea boosting are the presence of heavy oil, increased distance from the host, increased water depth, reduced reservoir pressure and the number of fields tie-backs to the host. However, due to recent supply and demand gaps, geopolitics and many other factors, the volatile crude oil price scenario is expected to hinder the growth of the investigated market during the forecast period.
A full report of Subsea Pumps Market available at: https://www.orionmarketreports.com/subsea-pumps-market/49778/
Subsea Pumps Market- Segmentation
By Type:
• Centrifugal
• Helico-axial
• Hybrid pump
• Twin screw
• Co-axial
• ESP
By Application
• Subsea boosting
• Subsea separation
• Subsea injection
• Gas compression
Key Companies
• Aker Solutions
• Baker Hughes
• Flowserve Corporation
• FMC Technologies
• General Electric Company
• ITT Bornemann
• OneSubsea
• SPX Corporation
• Sulzer
• Leistritz AG
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
