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Subsea Well Access System Market by Type (Rig-Based and Vessel-Based), and Region - Global Forecasts to 2022

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Date: 18-Jul-2017
No. of pages: 169
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“The subsea well access system market is projected to grow at a CAGR of 4.79%,by value, from 2017 to 2022.” 

The subsea well access system market is projected to reach USD 3.62billion,by 2022, growing at a CAGR of 4.79%, from 2017 to 2022. Subsea well access systems are widely used during exploratory and production of oil & gas wells. Increasing in oil & gas production and new offshore discoveries are expected to drive the subsea well access system market in North America and Asia-Pacific.  

“The rig-based well access system segment is expected to grow at the highest CAGR from 2017 to 2022.”

Based on type, the rig-based well access system segment is estimated to be the fastest growing market from 2017 to 2022.The increase in production activities in the offshore segment led to increase in development of the rig-based well access system. Factors such as the increase in demand from deep offshore oil & gas fields is expected to drive the growth of the rig-based well access system segment of the subsea well access system market.

“North America: The largest market for subsea well access system.”

The market in North America is currently the largest market for subsea well access system, followed by the Middle East and Asia-Pacific. Increasing oil &gas production activities in the U.S., are driving the subsea well access system market. The market in the U.S. is estimated to be the fastest growing market in the region, followed by the market in Canada, during the forecast period.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:


  • By Company Type: Tier 1- 62%, Tier 2- 23%, Tier 3- 15%

  • By Designation: C-Level- 25%, D-Level- 35%, Others- 40%

  • By Region: America- 52%, Asia-Pacific-24%, Europe-16%,RoW- 8%


Note: The tier of the companies has been defined on the basis of their total revenue; as of 2015: Tier 1 = >USD 10 billion, Tier 2 = USD 1 billion to USD 10 billion, and Tier 3 =< USD 1 billion 

The leading players in the subsea well access system market include Schlumberger Limited (U.S.), Halliburton (U.S.), GE Oil & Gas (U.K.), Baker Hughes Incorporated (U.S.), and National Oilwell Varco (U.S.)

Research Coverage:

The report provides a picture of the subsea well access system market across industries and regions. It aims at estimating the market size and future growth potential of the market across different segments such as by type, by end-user, and by region. Furthermore, the report also includes an in-depth competitive analysis of key players in the market along with their company profiles, recent developments, and key market strategies.

This report also includes the study of Blowout Preventers (BOP) Market.

Why buy this report?


  • The report identifies and addresses key markets for subsea well access system market, which would help suppliers review the growth in demand

  • The report helps solution providers understand the pulse of the market and provides insights into drivers, restraints, and challenges.

  • The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.

Subsea Well Access System Market by Type (Rig-Based and Vessel-Based), and Region - Global Forecasts to 2022

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Introduction
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions
2.4.1 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Subsea Well Access System Market, By Type
4.2 BOP Market, By Type
4.3 BOP Market, By End-User
4.4 North America: the Largest Well Access System Market During the Forecast Period, By Region
4.5 North America: the Largest BOP Market During the Forecast Period, By Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Offshore Investments in Growing Economies
5.2.1.2 Revitalization of Aging Oil Fields/Wells
5.2.1.3 Increase in Oil & Gas Production
5.2.2 Restraints
5.2.2.1 Oil Price Volatility
5.2.2.2 Strict Environment Regulations on E&P Activities
5.2.3 Opportunities
5.2.3.1 New Offshore Discoveries
5.2.3.2 Demand for Well Access System in Subsea
5.2.4 Challenges
5.2.4.1 High Temperature Intervention Challenges

6 Blowout Preventer (BOP) Market, By Type
6.1 Introduction
6.2 Annular BOP
6.3 Ram BOP

7 Blowout Preventer (BOP) Market, By End-User
7.1 Introduction
7.2 Offshore
7.3 Onshore

8 Subsea Well Access System Market, By Type
8.1 Introduction
8.2 Vessel-Based Well Access System
8.3 Rig-Based Well Access System
8.3.1 Completion Workover Riser System
8.3.2 Landing String System
8.3.3 Others (Through Tubing Rotary Drilling Technology)

9 Subsea Well Access System & BOP Market, By Region
9.1 North America
9.1.1 Subsea Well Access System, By Type
9.1.2 BOP, By Type
9.1.3 BOP, By End-User
9.1.3.1 By Country
9.1.3.1.1 U.S.
9.1.3.1.2 Canada
9.1.3.1.3 Mexico
9.2 South America
9.2.1 Subsea Well Access System, By Type
9.2.2 BOP, By Type
9.2.3 BOP, By End-User
9.2.3.1 By Country
9.2.3.1.1 Brazil
9.2.3.1.2 Venezuela
9.2.3.1.3 Rest of South America
9.3 Asia-Pacific
9.3.1 Subsea Well Access System, By Type
9.3.2 BOP, By Type
9.3.3 BOP, By End-User
9.3.3.1 By Country
9.3.3.1.1 China
9.3.3.1.2 India
9.3.3.1.3 Malaysia
9.3.3.1.4 Indonesia
9.3.3.1.5 Australia
9.3.3.1.6 Rest of Asia-Pacific
9.4 Europe
9.4.1 Subsea Well Access System By Type
9.4.2 BOP, By Type
9.4.3 BOP, By End-User
9.4.3.1 By Country
9.4.3.1.1 Norway
9.4.3.1.2 Denmark
9.4.3.1.3 U.K.
9.4.3.1.4 Russia
9.4.3.1.5 Rest of Europe
9.5 Middle East
9.5.1 Subsea Well Access System, By Type
9.5.2 BOP, By Type
9.5.3 BOP, By End-User
9.5.3.1 By Country
9.5.3.1.1 Saudi Arabia
9.5.3.1.2 U.A.E.
9.5.3.1.3 Iran
9.5.3.1.4 Qatar
9.5.3.1.5 Rest of Middle East
9.6 Africa
9.6.1 Subsea Well Access System, By Type
9.6.2 BOP, By Type
9.6.3 BOP, By End-User
9.6.3.1 By Country
9.6.3.1.1 Nigeria
9.6.3.1.2 Angola
9.6.3.1.3 Algeria
9.6.3.1.4 Rest of Africa

10 Competitive Landscape
10.1 Overview
10.2 Key Players of the Subsea Well Access System & BOP Market
10.2.1 Growth Strategies in the Subsea Well Access System & BOP Market
10.3 Market Share Analysis
10.3.1 Global Market Scenario
10.4 Competitive Situations & Trends
10.5 Competitive Leadership Mapping
10.5.1 Vanguards Visionary Leaders
10.5.2 Dynamic Differentiators
10.5.3 Innovators
10.5.4 Emerging Companies
10.6 Analysis of the Product Portfolio of Major Players in the Subsea Well Access System & BOP Market (25 Companies)
10.7 Business Strategy Adopted By Major Players in the Subsea Well Access System & BOP Market (25 Companies)

* Top 25 Companies Analyzed for This Study Are- Aker Solutions (Norway), Baker Hughes Incorporated (U.S.), Circle T Service & Rental, Ltd. (Canada), Cor International, LLC (U.A.E.), Diamond Offshore Drilling, Inc. (U.S.), Drilling Services Limited (U.K.), Dril-Quip, Inc. (U.S.), GE Oil & Gas (U.K.), Halliburton (U.S.), Island Offshore (Norway), Key Energy Services (U.S.), Kit Oil and Gas Equipment Industry, LLC (U.A.E.), National Oilwell Varco, Inc. (U.S.), Oceaneering International, Inc. (U.S.), Optime Subsea Services (U.S.), Parker Hannifin Corp (U.K.), Proserv (U.S.), Rongsheng Machinery Manufacture, Ltd. of Huabei Oilfield Hebei (China), Schlumberger Limited (U.S.), Technipfmc, PLC (U.S.), Tenaris (Luxembourg), Uztel S.A (Romania), Vallourec (France), Weatherford International Limited (U.S.), and 4subsea (Norway)

11 Company Profiles
11.1 Indroduction
11.2 Aker Solutions ASA
11.2.1 Business Overview
11.2.2 Product Offering Scorecard
11.2.3 Business Strategy Scorecard
11.2.4 Recent Developments
11.3 Baker Hughes Incorporated
11.3.1 Overview
11.3.2 Product Offering Scorecard
11.3.3 Business Strategy Scorecard
11.3.4 Recent Developments
11.4 Halliburton Company
11.4.1 Overview
11.4.2 Product Offering Scorecard
11.4.3 Business Strategy Scorecard
11.4.4 Recent Developments
11.5 Schlumberger Limited
11.5.1 Overview
11.5.2 Product Offering Scorecard
11.5.3 Business Strategy Scorecard
11.5.4 Recent Developments
11.6 Riverstone Holdings, LLC
11.6.1 Overview
11.6.2 Product Offering Scorecard
11.6.3 Business Strategy Scorecard
11.6.4 Recent Developments
11.7 Parker-Hannifin Corporation
11.7.1 Overview
11.7.2 Product Offering Scorecard
11.7.3 Business Strategy Scorecard
11.7.4 Recent Developments
11.8 Weatherford International Limited
11.8.1 Overview
11.8.2 Product Offering Scorecard
11.8.3 Business Strategy Scorecard
11.8.4 Recent Developments
11.9 Oceaneering International, Inc.
11.9.1 Overview
11.9.2 Product Offering Scorecard
11.9.3 Business Strategy Scorecard
11.9.4 Recent Developments
11.10 Drilling Services Limited
11.10.1 Overview
11.10.2 Product Offering Scorecard
11.10.3 Business Strategy Scorecard
11.10.4 Recent Developments
11.11 National Oilwell Varco, Inc.
11.11.1 Overview
11.11.2 Company Scorecard
11.11.3 Product Offering Scorecard
11.11.4 Business Strategy Scorecard
11.11.5 Recent Developments
11.12 Dril-Quip, Inc.
11.12.1 Overview
11.12.2 Product Offering Scorecard
11.12.3 Business Strategy Scorecard
11.12.4 Recent Developments
11.13 Technipfmc, PLC
11.13.1 Overview
11.13.2 Product Offering Scorecard
11.13.3 Business Strategy Scorecard
11.13.4 Recent Developments
11.14 GE Oil & Gas
11.14.1 Overview
11.14.2 Product Offering Scorecard
11.14.3 Business Strategy Scorecard
11.14.4 Recent Developments

12 Appendix
12.1 Insights of Industry Experts
12.2 Introducing RT: Real-Time Market Intelligence
12.3 Available Customizations
12.4 Related Reports

List of Tables

Table 1 Subsea Well Access System Market Snapshot
Table 2 BOP Market Snapshot
Table 3 Blowout Preventer (BOP) Market Size, By Type, 2015–2022 (USD Million)
Table 4 Annular BOP: Blowout Preventer (BOP) Market Size, By Region, 2015–2022 (USD Million)
Table 5 Ram BOP: Blowout Preventer (BOP) Market Size, By Region, 2015–2022 (USD Million)
Table 6 Blowout Preventer (BOP) Market Size, By End-User, 2015–2022 (USD Million)
Table 7 Offshore: Blowout Preventer (BOP) Market Size, By Region, 2015–2022 (USD Million)
Table 8 Onshore: Blowout Preventer (BOP) Market Size, By Region, 2015–2022 (USD Million)
Table 9 Subsea Well Access System Market Size, By Type, 2015–2022 (USD Million)
Table 10 Vessel-Based Well Access System: Subsea Well Access System Market Size, By Region, 2015–2022 (USD Million)
Table 11 Rig-Based Well Access System: Subsea Well Access System Market Size, By Region, 2015–2022 (USD Million)
Table 12 North America: Subsea Well Access System Market Size, By Country, 2015–2022 (USD Million)
Table 13 North America: BOP Market Size, By Country, 2015–2022 (USD Million)
Table 14 North America: Subsea Well Access System Market Size, By Type, 2015–2022 (USD Million)
Table 15 North America: BOP Market Size, By Type, 2015–2022 (USD Million)
Table 16 North America: BOP Market Size, By End-User, 2015–2022 (USD Million)
Table 17 U.S.: Subsea Well Access System Market Size, By Type, 2015–2022 (USD Million)
Table 18 U.S.: BOP Market Size, By Type, 2015–2022 (USD Million)
Table 19 Canada: Subsea Well Access System Market Size, By Type, 2015–2022 (USD Million)
Table 20 Canada: BOP Market Size, By Type, 2015–2022 (USD Million)
Table 21 Mexico: Subsea Well Access System Market Size, By Type, 2015–2022 (USD Million)
Table 22 Mexico: BOP Market Size, By Type, 2015–2022 (USD Million)
Table 23 South America: Subsea Well Access System Market Size, By Country, 2015–2022 (USD Million)
Table 24 South America: BOP Market Size, By Country, 2015–2022 (USD Million)
Table 25 South America: Subsea Well Access System Market Size, By Type, 2015–2022 (USD Million)
Table 26 South America: BOP Market Size, By Type, 2015–2022 (USD Million)
Table 27 South America: BOP Market Size, By End-User, 2015–2022 (USD Million)
Table 28 Brazil: Subsea Well Access System Market Size, By Type, 2015–2022 (USD Million)
Table 29 Brazil: BOP Market Size, By Type, 2015–2022 (USD Million)
Table 30 Venezuela: Subsea Well Access System Market Size, By Type, 2015–2022 (USD Million)
Table 31 Venezuela: BOP Market Size, By Type, 2015–2022 (USD Million)
Table 32 Rest of South America.: Subsea Well Access System Market Size, By Type, 2015–2022 (USD Million)
Table 33 Rest of South America: BOP Market Size, By Type, 2015–2022 (USD Million)
Table 34 Asia-Pacific: Subsea Well Access System Market Size, By Country, 2015–2022 (USD Million)
Table 35 Asia-Pacific: BOP Market Size, By Country, 2015–2022 (USD Million)
Table 36 Asia-Pacific: Subsea Well Access System Market Size, By Type, 2015–2022 (USD Million)
Table 37 Asia-Pacific: BOP Market Size, By Type, 2015–2022 (USD Million)
Table 38 Asia-Pacific: BOP Market Size, By End-User, 2015–2022 (USD Million)
Table 39 China: Subsea Well Access System Market Size, By Type, 2015–2022 (USD Million)
Table 40 China: BOP Market Size, By Type, 2015–2022 (USD Million)
Table 41 Inida: Subsea Well Access System Market Size, By Type, 2015–2022 (USD Million)
Table 42 India: BOP Market Size, By Type, 2015–2022 (USD Million)
Table 43 Malaysia: Subsea Well Access System Market Size, By Type, 2015–2022 (USD Million)
Table 44 Malaysia: BOP Market Size, By Type, 2015–2022 (USD Million)
Table 45 Indonesia.: Subsea Well Access System Market Size, By Type, 2015–2022 (USD Million)
Table 46 Indonesia: BOP Market Size, By Type, 2015–2022 (USD Million)
Table 47 Australia: Subsea Well Access System Market Size, By Type, 2015–2022 (USD Million)
Table 48 Australia: BOP Market Size, By Type, 2015–2022 (USD Million)
Table 49 Rest of Asia-Pacific: Subsea Well Access System Market Size, By Type, 2015–2022 (USD Million)
Table 50 Rest of Asia-Pacific: BOP Market Size, By Type, 2015–2022 (USD Million)
Table 51 Europe: Subsea Well Access System Market Size, By Country, 2015–2022 (USD Million)
Table 52 Europe: BOP Market Size, By Country, 2015–2022 (USD Million)
Table 53 Europe: Subsea Well Access System Market Size, By Type, 2015–2022 (USD Million)
Table 54 Europe: BOP Market Size, By Type, 2015–2022 (USD Million)
Table 55 Europe: BOP Market Size, By End-User, 2015–2022 (USD Million)
Table 56 Norway: Subsea Well Access System Market Size, By Type, 2015–2022 (USD Million)
Table 57 Norway: BOP Market Size, By Type, 2015–2022 (USD Million)
Table 58 Denmark: Subsea Well Access System Market Size, By Type, 2015–2022 (USD Million)
Table 59 Denmark: BOP Market Size, By Type, 2015–2022 (USD Million)
Table 60 U.K.: Subsea Well Access System Market Size, By Type, 2015–2022 (USD Million)
Table 61 U.K.: BOP Market Size, By Type, 2015–2022 (USD Million)
Table 62 Russia: Subsea Well Access System Market Size, By Type, 2015–2022 (USD Million)
Table 63 Russia: BOP Market Size, By Type, 2015–2022 (USD Million)
Table 64 Rest of Europe: Subsea Well Access System Market Size, By Type, 2015–2022 (USD Million)
Table 65 Rest of Europe: BOP Market Size, By Type, 2015–2022 (USD Million)
Table 66 Middle East: Subsea Well Access System Market Size, By Country, 2015–2022 (USD Million)
Table 67 Middle East: BOP Market Size, By Country, 2015–2022 (USD Million)
Table 68 Middle East: Subsea Well Access System Market Size, By Type, 2015–2022 (USD Million)
Table 69 Middle East: BOP Market Size, By Type, 2015–2022 (USD Million)
Table 70 Middle East: BOP Market Size, By End-User, 2015–2022 (USD Million)
Table 71 Saudi Arabia: Subsea Well Access System Market Size, By Type, 2015–2022 (USD Million)
Table 72 Saudi Arabia: BOP Market Size, By Type, 2015–2022 (USD Million)
Table 73 U.A.E.: Subsea Well Access System Market Size, By Type, 2015–2022 (USD Million)
Table 74 U.A.E.: BOP Market Size, By Type, 2015–2022 (USD Million)
Table 75 Iran: Subsea Well Access System Market Size, By Type, 2015–2022 (USD Million)
Table 76 Iran: BOP Market Size, By Type, 2015–2022 (USD Million)
Table 77 Qatar: Subsea Well Access System Market Size, By Type, 2015–2022 (USD Million)
Table 78 Qatar: BOP Market Size, By Type, 2015–2022 (USD Million)
Table 79 Rest of Middle East: Subsea Well Access System Market, By Type, 2015–2022 (USD Million)
Table 80 Rest of Middle East: BOP Market Size, By Type, 2015–2022 (USD Million)
Table 81 Africa: Subsea Well Access System Market Size, By Country, 2015–2022 (USD Million)
Table 82 Africa: BOP Market Size, By Country, 2015–2022 (USD Million)
Table 83 Africa: Subsea Well Access System Market Size, By Type, 2015–2022 (USD Million)
Table 84 Africa: BOP Market Size, By Type, 2015–2022 (USD Million)
Table 85 Africa: BOP Market Size, By End-User, 2015–2022 (USD Million)
Table 86 Nigeria: Subsea Well Access System Market Size, By Type, 2015–2022 (USD Million)
Table 87 Nigeria: BOP Market Size, By Type, 2015–2022 (USD Million)
Table 88 Angola: Subsea Well Access System Market Size, By Type, 2015–2022 (USD Million)
Table 89 Angola: BOP Market Size, By Type, 2015–2022 (USD Million)
Table 90 Algeria: Subsea Well Access System Market Size, By Type, 2015–2022 (USD Million)
Table 91 Algeria: BOP Market Size, By Type, 2015–2022 (USD Million)
Table 92 Rest of Africa: Subsea Well Access System Market Size, By Type, 2015–2022 (USD Million)
Table 93 Rest of Africa: BOP Market Size, By Type, 2015–2022 (USD Million)
Table 94 Market Ranking Based on Revenue, 2016

List of Figures

Figure 1 Market Segmentation: Subsea Well Access System & BOP Market
Figure 2 Countries Covered
Figure 3 Subsea Well Access System & BOP Market: Research Design
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Data Triangulation Methodology
Figure 8 The Market for Rig-Based Subsea Well Access System to Register the Highest Growth Between 2017 & 2022
Figure 9 Market for Annular BOP, By BOP Type, to Register the Highest Growth Between 2017 & 2022
Figure 10 Market for Onshore, By BOP End-User, to Register the Highest Growth Between 2017 & 2022
Figure 11 Asia-Pacific to Dominate the Subsea Well Access System Market Between 2017 and 2022
Figure 12 Asia-Pacific to Dominate the BOP Market Between 2017 and 2022
Figure 13 Attractive Market Opportunities in the Subsea Well Access System Market
Figure 14 Attractive Market Opportunities in the BOP Market
Figure 15 Susbea Well Access System Market Share (Value), By Type, 2017–2022
Figure 16 Annular BOP Segment is Estimated to Dominate the BOP Market By 2022
Figure 17 Onshore Segment is Estimated to Dominate the BOP Market By 2022
Figure 18 Asia-Pacific is Expected to Grow at the Fastest Pace During the Forecast Period
Figure 19 North America is Expected to Grow at the Fastest Pace During the Forecast Period
Figure 20 Market Dynamics: Subsea Well Access System & BOP Market
Figure 21 World Crude Oil Annual Production, 2015–2018
Figure 22 Oil Price Volatility, 2012–2017
Figure 23 Blowout Preventer (BOP) Market Share (Value), 2022
Figure 24 Companies Adopted Contracts & Agreements and New Product Launches as the Key Strategies to Capture the Market, 2014–2017
Figure 25 Market Evaluation Framework: Contracts & Agreements, Mergers & Acquisitions & Partnerships, and New Product Launches Have Fueled the Growth of the Companies, 2014–2017
Figure 26 Vendor Dive Matrix
Figure 27 Aker Solutions ASA: Company Snapshot
Figure 28 Baker Hughes Incorporated: Company Snapshot
Figure 29 Halliburton Company: Company Snapshot
Figure 30 Schlumberger Limited: Company Snapshot
Figure 31 Riverstone Holding, LLC: Company Snapshot
Figure 32 Parker-Hannifin Corporation: Company Snapshot
Figure 33 Weatherford International Limited: Company Snapshot
Figure 34 Oceaneering International, Inc.: Company Snapshot
Figure 35 Drilling Services Limited: Company Snapshot
Figure 36 National Oilwell Varco, Inc.: Company Snapshot
Figure 37 Dril-Quip, Inc.: Company Snapshot
Figure 38 Technipfmc PLC: Company Snapshot
Figure 39 GE Oil & Gas: Company Snapshot

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