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Global Subsea Pumps Market was valued at USD 975.0 million in 2013 and is projected to reach USD 1,539.1 million by 2020, expanding at a CAGR of 7.1% between 2014 and 2020

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Transparency Market


Subsea Pumps Market - Global Industry Analysis, Size,

Share, Growth, Trends and Forecast 2014 - 2020

Published Date


155 Page Report

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Press Release

Subsea Pumps Market to Gain Momentum from Increasing

Utilization of Subsea Technologies for Oil Production

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Subsea Pumps Market


Subsea Pumps Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 -


Transparency Market Research’s (TMR) recent market study on the global subsea pumps market

provides valuable insights into the developments of the market between 2014 and 2020. Subsea

pumping is commonly used for increased oil recovery from subsea oil and gas reservoirs,

especially in low-pressure oil fields. Due to the increased utilization of subsea technologies in

offshore hydrocarbon exploration projects, the subsea pumps market will rise at a healthy 7.10%

CAGR from 2014 to 2020 to reach a valuation of US$1.5bn by the end of the forecast period.

Get Sample Of This Research Report At:


The global subsea pumps market was valued at US$0.9bn in 2013.The report is titled “Subsea

Pumps Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”

and is available for sale on the company website.

The report points out that the high economic benefits and flawless operational capabilities of

advanced subsea pumps are the major factors behind the rising demand for these products

across the world. The utilization of subsea pumps is aiding in extending the life of existent gas

and brownfield repositories, which, combined with the demand for boosting production of

existent projects, is bolstering growth of the global subsea pumps market.However, fluctuating

prices of oil and gas will hamper the market’s growth to some extent. To counter this, market

players can depend on newly discovered oilfields and a large number of untapped oil and gas

reserves that will drive this market in the years to come.

The report divides the global subsea pumps market on the basis of product type, application, and

region. By product, electrical centrifugal, helicon-axial, submersible pump, and others are the

segments of this market. Of these, it is the helicon-axial product segment that dominated the

overall market in 2013. The product segment enjoyed dominance due to the extensive use of

helicon-axial subsea pumps in boosting oil and gas operations. For the forecast period from 2014

to 2020, the demand for helicon-axial pumps will remain the highest, says the report. In 2013,

electrical submersible pumps held the second largest share in the overall market.


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Subsea Pumps Market

Application-wise, subsea separation, subsea injection, subsea compression, and subsea boosting

are the segments of the market. Amongst all, subsea boosting accounted for the largest share of

the subsea pumps market in 2013 and will continue to be the dominant segment during the

forecast period. In current times, increasing governmental expenditures for offshore exploration

and production has been the major factor responsible for the high demand for subsea boosting

applications, thereby benefitting the global subsea pumps market.

Browse The Full Research Report At:

The report divides the global subsea pumps market is divided into the regional segments of

North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa. In 2013, Latin

America stood as the largest regional segment due to the development of exploration and

production projects in deepwater pre-salt reservoirs off the coast of Brazil.

The global subsea pumps market is segmented as follows.

Global Subsea Pumps Market: Product Segment


Electrical Submersible Pump (ESP)


Others (Twin Screw, Hybrid and Counter-axial)

Global Subsea Pumps Market: Application Segment

Subsea Boosting

Subsea Separation

Subsea Compression

Subsea Injection


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Subsea Pumps Market

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About Us

Transparency Market Research is a market intelligence company providing global business information

reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-

looking insight for thousands of decision makers.

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