Boston, MA -- (ReleaseWire) -- 05/16/2014 -- Subsea Well Access and BOP System Market by Type [Well Access System Type (Riserbased WAS and Riserless WAS) and BOP Type (Annular BOP and RAM Type BOP)] and Geography - Global Trends & Forecasts to 2019
This report estimates the subsea well access and BOP systems market in terms of volume and value. The volume market is estimated on the basis of offshore drilling activities till 2019.The report estimates the market size of subsea well access systems for products comprising Rig Based Well Access System, and Vessel based Well Access System, which is further, classified into Completion Workover Riser System, Landing String System, and Others (which includes systems like Through Tubing Rotary Drilling). On the other hand, the market size of the subsea blowout preventers is categorized on the basis of type of BOP such as Annular type and RAM type BOPs. The study has been broken down as per technology as well as geography.
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The subsea well access systems and blowout preventers market is driven by increment in exploration activities, rising safety concerns, growing investments of subsea infrastructure, alternative solutions to costly rig based systems, improvised production efficiency in offshore wells, and the requirement of intervention in brown field projects. The leading market for subsea well access systems is Europe due to its higher numbers of aged wells required for interventions, followed by the South America, whereas, for the BOP market, Asia-Pacific is the biggest source of production, followed by North America, and South America.
We have used various secondary sources such as encyclopedias, directories, and databases to identify and collect information that was useful for this extensive commercial study of the global subsea well access and BOP market. The primary sources-experts, manufacturers and service providers from the industry, have all been interviewed to obtain and verify critical information, as well as to assess the future prospects of the subsea well access and BOP market.
Asia-Pacific dominates the global subsea BOP market and Europe leads the well access systems market. In Asia-Pacific, China is the largest market in terms of exploration. FMC Technologies (U.S.) and Cameron International Corporation (U.S.)are the global leaders in the field of manufacturing and supplying of subsea well access systems and blowout preventers.
The report covers major regions such as North America, South America, the Middle East, Europe, Africa, and Asia-Pacific.
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