Europe Subsea Pumps Market Report, Size, Share, Trends and Forecast to 2020-2025
According to the latest report by IMARC Group, titled “Europe Subsea Pumps Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the market is currently witnessing moderate growth. Subsea pumps comprise power generators, controllers, conditioners, and transmitters. They are mainly utilized in transporting crude oil from the seabed to the production site. They assist in boosting the production streams and multiphase mixing of oil, gas, and water. They also aid in improving the recovery rate, reducing the final abandonment pressure and extending the duration of the peak production plateau, thereby increasing the number of fluids recovered from brownfield reservoirs.
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There is currently a considerable rise in the need for electricity across Europe. This is resulting in the increasing production of oil and sales of subsea pumps. Apart from this, leading market players operating in the region are investing in research and development (R&D) activities to enhance the temperature and pressure monitoring, control the flow of subsea pumps and minimize environmental footprint. This, along with the increasing utilization of high voltage motors to prevent voltage drops, is creating a favorable market outlook in the region. On account of these factors, the market is expected to continue its moderate growth during the forecast period (2020-2025).
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
The competitive landscape of the europe subsea pumps market has been studied in the report with the detailed profiles of the key players operating in the market.
Key Highlights of the Market Segmentation:
Breakup by Type:
- Hybrid Pump
- Twin Screw
- ESP (Electrical Submersible Pump)
Breakup by Application:
- Subsea Boosting
- Subsea Separation
- Subsea Injection
- Subsea Gas Compression
Breakup by Country:
- United Kingdom
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Key highlights of the report:
- Market Performance (2014-2019)
- Market Outlook (2020-2025)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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