Technavio recognizes the following companies as the key players in Global Subsea Well Access Market 2015-2019: Aker Solutions, Cameron International, FMC Technologies, National Oilwell Varco and Weatherford International Limited
Other Prominent Vendors in the market are: Proserve, Rongsheng Machinery Manufacture and Uztel
Commenting on the report, an analyst from Technavio’s team said: “Technological innovations not only increase the production capacity of the wells but also help in maintaining the ecology of the excavation area. The key vendors of the global well intervention services market have been investing heavily in their R&D to develop their process innovation. Riserless light-well intervention technique has been a great innovation in recent years and promises to change the market dynamics considerably during the forecast period.”
According to the report, the global oil and gas consumption has seen a marked increase worldwide. The shift in focus toward offshore production favors market growth because of increased requirements for well interventions.
Further, the report states that the capital-intensive nature of the subsea well access equipment because of high technical expertise and complex procedures hinders the market growth.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit- https://www.technavio.com/report/global-subsea-well-access-market-2015-2019
Technavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit- https://www.technavio.com/energy
Follow us on Twitter @ Technavio
