Subsea Well Access System

Subsea Well Access System

Global Subsea Well Access Systems Market to Reach $4.5 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Subsea Well Access Systems estimated at US$3.4 Billion in the year 2020, is projected to reach a revised size of US$4.5 Billion by 2027, growing at aCAGR of 4.4% over the period 2020-2027. Rig-Based, one of the segments analyzed in the report, is projected to record 4.6% CAGR and reach US$2.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Vessel-Based segment is readjusted to a revised 3.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $974.4 Million, While China is Forecast to Grow at 4% CAGR

The Subsea Well Access Systems market in the U.S. is estimated at US$974.4 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$799.6 Million by the year 2027 trailing a CAGR of 4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 3.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.

Select Competitors (Total 11 Featured) -

• Aker Solutions ASA
• Baker Hughes, Inc.
• Drilling Services Limited
• Dril-Quip, Inc.
• GE Oil & Gas
• Halliburton
• National Oilwell Varco, Inc.
• Oceaneering International, Inc.
• Parker Hannifin Corporation
• Riverstone Holdings, LLC
• Schlumberger Ltd.
• TechnipFMC PLC
• Weatherford International Ltd.

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