Global Subsea Pumps Market was valued at US$ XX Mn in 2019 and is expected to reach XX Mn by
2027, at a CAGR of XX % during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders,
followers, and disruptors. Since the lockdown was implemented differently in various regions and
countries; the impact of the same is also seen differently by regions and segments. The report has
covered the current short-term and long-term impact on the market, and it would help the decision-
makers to prepare the outline and strategies for companies by region.
Global Subsea Pumps Market Dynamics:
Subsea pumping is one of the mature solutions for growing oil recovery from subsea tiebacks. The rising
requirement of fuel and growing brownfield oil and gas projects are expected to boost the global subsea
pumps market growth. Growing offshore greenfield is also contributing a significant share in the global
subsea pumps market. Additionally, the developments in subsea technologies confirm top abilities and
huge economic welfares, which is expected to discovered new oilfields are gaining several opportunities
for the key players in the market during the forecast period. Growing energy demand has resulted in
huge offshore production investment along with the development of onshore oilfields that are expected
to propel the market growth.
Global Subsea Pumps Market Segment Analysis:
The helical-axial segment is expected to dominate the global subsea pumps market during the forecast
period owing to the extensive usage of helicon-axial subsea pumps in boosting oil and gas production
Subsea boosting is projected to lead to the global subsea pumps market. Seabed boosting is deployed to
confirm the flow of fluids from fields at the mandatory rate after the natural reservoir pressure falloffs.
It contains seabed multi-phase and down-hole boosting, and gas compression presence of heavy oil, the
augmented distance from the host, enlarged water depth,