Monday 17 April 2017

Based on the component, the market is segmented into surf, subsea trees, subsea control systems, and subsea manifolds. Global subsea systems market is expected to grow at a CAGR of 4.4% from 2017 to 2025.

Subsea systems are incorporated in offshore drilling practices, where these systems help in cost reduction and enhanced oil recovery process. Subsea production systems are used to reduce costs associated with topside facilities, while subsea processing systems are used to enhance the process of oil recovery in mature offshore wells.

Subsea processing systems boost the production of oil & gas from offshore wells by providing essential equipment and technologies required for enhanced oil recovery.

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