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Pulished Date January, 2021
ID: 10832
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Subsea Tree Market Segmentation By Product (Vertical Subsea Trees and Horizontal Subsea Tree), by Application (Depth (max) <1,000 Meters and Depth (max) >1,000 Meters) and Region - Industry Forecast of 2021 to 2026

Pulished: January, 2021
ID: 10832
Pages: 175

Subsea Tree Market Value and Growth Analysis (2021-2026):

The global subsea tree market is estimated to grow by USD xx million by the end of 2021 and is predicted to grow at a CAGR of 6% throughout the forecast period.

The subsea tree is a configuration of complex valves and components installed at the wellhead to control and monitor the production flow and regulate the injection of gas or fluids. It has become an essential part of offshore installations. Subsea trees are controlled and monitored by umbilicals suspended in the form of a catenary and protected in splash zones by tubes attached to the structure. The main purpose of the subsea tree is to control the flow and injection of chemicals and water. The submarine constitutes two types of subsea trees, horizontal and vertical. In a horizontal subsea tree, a tube support is installed in the well body instead of the well head. On the other hand, the main valves are configured on the tube support in a submarine vertical axis.

Subsea Tree Market Trends:

The oil and gas industry is moving to deeper regions in search of oil and gas to meet the risingcall. Therefore, the share of subsea production systems is predicted to be the largest among subsea trees segments and further drive the market. As the call for energy grows rapidly, several countries and large companies and investors are looking to deep water because it offers the potential of a guaranteed supply of oil and gas for a few decades. However, this requires the use of advanced technologies to produce oil and gas reserves buried thousands of meters deep on the ocean floor and has increased the need for subsea trees to increase recovery and reduce total cost.

Recent Developments in the Subsea Tree Market:

  • GE and VetcoGray continue to expand the use of the SemStar 5 to power the ModPodsubsea control module and extend its modular design and proven technology employed in the SVXT Shallow-Water S-Series shaft.
  • Aker Solutions introduces a latest workover system for offshore fields. The modified workover system will let safe access to the wells for subsea installation and completion.

Subsea Tree Market Drivers:

Increased offshore drilling activity due to increased call for oil and gas around the world is likely to drive the global subsea tree market. Rapid industrialization and globalization are also supposed to stimulate call for oil and gas from various end users. Escalating exploration and new discoveries of deep and ultra-deep water oil and gas reservoirs are driving the market for subsea trees. BP's recent discovery of more than 1 billion barrels of oil at its Thunder Horse field in the Gulf of Mexico is likely to lead to exploration and drilling operations spanning several years.The rising focus on managing capital expenditures for offshore development and the recovery in oil prices will drive the subsea tree market. The increasing implementations of restraint systems and the escalating popularity of the equipment among operators will increase the prospects of the industry. The architecture enables companies to utilize the existing platform, pipelines, and infrastructure, with potential new projects tied to the old platform.

Subsea Tree Market Restraints:

The low price of crude oil on the international market is a limitation for the subsea tree market. The continuing drop in oil prices has led to massive cuts in exploration and production spending by major oil companies around the world. Expensive offshore projects are thought twice, taking into account the prevailing scenario.

Opportunities in the Subsea Tree Market:

Escalating investments in offshore exploration and production activities, as well as a substantial reduction in operating costs through continuous technological advancements, will drive the subsea tree market. Greater use of efficient monitoring and control systems, as well as robust development of automated devices will complete the business landscape. Also, strict government standards and industry requirements to ensure safe oil production and operations in deep and ultra-high reservoirs will affect the expansion of the industry. Rapid deep-sea discoveries coupled with growing energy call in emerging countries will drive the subsea equipment market. Most of the producing onshore wells have reached maturity, causing a drop in production. As a result, industry players are focusing on developing offshore fields that drive call for products.

Challenges in the Subsea Tree Market:

The high price of installing subsea tree along with the risks related with offshore drilling are predicted to limit the expansion of the subsea trees industry.

Subsea Tree Market Segmentation:

By product:

  • Vertical Subsea Trees
  • Horizontal Subsea Trees

By application:

  • Depth (max) <1,000 Meters
  • Depth (max) >1,000 Meters

Subsea Tree Regional Analysis:

  • North America 
  • Europe 
  • Asia Pacific
  • Latin America 
  • Middle East & Africa 

North America dominated the worldwide subsea tree market in 2018. The trend is estimated to continue during the conjecture period due to the discovery of shale gas reserves in the United States and the presence of 'a large number of private oil companies in the region. Europe is predicted to represent a key part of the worldwide subsea tree market during the outlook period. The North Sea has a large number of offshore platforms installed. The Asia-Pacific market is expected to grow at a sustained pace due to increased offshore exploration activities and increased investment in power generation activities. The Middle East and Africa have significant onshore and offshore oil reserves. Discoveries and development offshore, especially in the Red Sea region, by countries such as Qatar, the United Arab Emirates and Saudi Arabia are predicted to boost the market for subsea trees in the region. The Latin American market is anticipated to develop at a slow pace during the envisioned period.

Increased deep-water drilling activity coupled with higher safety and security spending in Norway and the UK is predicted to drive market expansion in the region. Europe was followed by the Middle East and Africa (MEA) region. It is expected to be the fastest growing region for the market during the foreseen period. In this region, Saudi Arabia and the United Arab Emirates are the largest oil and gas exporters and plan to further expand their oil and gas production infrastructure.

Impact of COVID-19 on Subsea Tree Market:

Production levels at the Indian oil refinery India Oil Corporation reached 100% capacity in November for the first time since the government imposed lockdown restrictions related to coronavirus in March. Operating rates increased 88% in October and 99% in November 2019, as call for fuel returned to pre-pandemic levels. With the rollout of the Covid-19 vaccine imminent, the refinery expects a V-shaped recovery in the use of petroleum products. Qatar's oil revenue is predicted to decline by $ 33.4 billion in 2021, 27.6% less than the current year's budget estimate. The price of oil is predicted to average $ 40 a barrel as it has gone from falling to a nearly 20-year low in 2020, due to the impact of the coronavirus pandemic. Despite the recovery, prices are much lower compared to 2019 levels. Crude prices serve as a benchmark for gas prices, which has an effect on Qatar, as it is one of the largest exporters of LNG to the world.

Subsea Tree Market Key Players:

The major players operating in the global subsea tree market are Baker Hughes Company, TechnipFMC plc, Aker Solutions, Schlumberger Limited, Solar Alert Sdn Bhd., Delta Corp Ltd, Worldwide Oilfield Machine, The Weir Group PLC, Dril-Quip, Inc., Kingsa Industries (USA), Inc.


1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Subsea Tree Market, By Product                       

                                6.1.1 Vertical     

                                6.1.2 Horizontal

                                6.1.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.4 Y-o-Y Growth Rate Analysis             

                                6.1.5 Market Attractiveness Index          

                6.2 Subsea Tree Market, By Application                

                                6.2.1 Depth (max) <1,000 Meters            

                                6.2.2 Depth (max) >1,000 Meters            

                                6.2.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.4 Y-o-Y Growth Rate Analysis             

                                6.2.5 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              



                                7.2.2 By Product              

                                7.2.3 By Application        

                7.3 Europe                         

                                7.3.1 By Country              






                                       Rest of Europe

                                7.3.2 By Product              

                                7.3.3 By Application        

                7.4 Asia Pacific                  

                                7.4.1 By Country              




                                       South Korea

                                       South East Asia

                                       Australia & NZ

                                       Rest of Asia-Pacific

                                7.4.2 By Product              

                                7.4.3 By Application        

                7.5 Latin America                             

                                7.5.1 By Country              




                                       Rest of Latin America

                                7.5.2 By Product              

                                7.5.3 By Application        

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                       Middle East


                                7.6.2 By Product              

                                7.6.3 By Application        

8. Key Player Analysis                                    

                8.1 Baker Hughes Company                        

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 TechnipFMC plc                        

                8.3 Aker Solutions                           

                8.4 Schlumberger Limited                            

                8.5 Solar Alert Sdn Bhd                 

                8.6 Delta Corp Ltd                           

                8.7 Worldwide Oilfield Machine                

                8.8 The Weir Group PLC                               

                8.9 Dril-Quip, Inc                              

                8.10 Kingsa Industries (USA), Inc                              

9. Market Outlook & Investment Opportunities                                


                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The Segment-level analysis in terms of By Raw Material, Application, Function and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Subsea Tree Market By Region, From 2021-2026 ( USD Billion )
  2. Global Subsea Tree Market By Product, From 2021-2026 ( USD Billion )
  3. Global Vertical Market By Region, From 2021-2026 ( USD Billion )
  4. Global Horizontal Market By Region, From 2021-2026 ( USD Billion )
  5. Global Subsea Tree Market By Application, From 2021-2026 ( USD Billion )
  6. Global Depth (max) <1,000 Meters Market By Region, From 2021-2026 ( USD Billion )
  7. Global Depth (max) >1,000 Meters Market By Region, From 2021-2026 ( USD Billion )

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