The global subsea manifolds market size is estimated to reach USD 8.66 billion by 2030, registering to grow at a CAGR of 6.5% from 2024 to 2030 according to a new report by Grand View Research, Inc. Increasing deepwater drilling activities and favorable revised offshore regulations have been a major factor driving the market growth.
Subsea manifolds are utilized to direct fracturing fluids to the wells and to extract the produced fluids from the well into the flow lines. Subsea manifolds are devised to withstand the harsh conditions in deepwater. These systems are customizable as per the type of the soil in the sea bed. The manifolds can be utilized for horizontal or vertical connections with the resource bed in deepwater. They have a highly customizable design and are able to connect to multiple wells at the same time.
Subsea manifolds facilitate the employment of a number of Enhanced Oil Recovery (EOR) strategy. The production manifold is employed for various applications by E&P companies including, isolations, testing, allocation management, and sampling. They are also employed to bring the produced fluids on to the surface via flow lines. Owing to these factors, production segment had the largest market share in 2023, and is anticipated to show a steady growth over the next eight years.
The injection segment is expected to grow at the fastest CAGR from 2024 to 2030, and thus be the fastest-growing segment in the application category. Injection manifolds can be customized to handle various types of fluids including, water-alternating-gas, gas, water, oil-based fluids, synthetic-based fluids, and foam-based fluids. These manifolds are subjected to immense pressure in deepwater and need to be built to withstand the harsh operating conditions; which thus makes their manufacturing cost high. This factor is anticipated to positively drive the injection segment growth over the forecast period of 2017 to 2025.
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The template manifold segment dominated the market and accounted for a revenue share of 44.7% in 2023.
The production segment dominated the market and accounted for the largest revenue share in 2023. Subsea manifolds are essential in deep-water production systems, providing the infrastructure for managing fluids at high pressures and temperatures.
North America subsea manifolds market held a significant market share in the global market in 2023.
Grand View Research has segmented the global subsea manifolds market based on type, application, and region:
Subsea Manifolds Type Outlook (Revenue, USD Million, 2018 - 2030)
Template Manifold
Cluster Manifold
Pipeline End Manifold (PLEM)
Subsea Manifolds Application Outlook (Revenue, USD Million, 2018 - 2030)
Production
Injection
Subsea Manifolds Regional Outlook (Revenue, USD Million; 2018 - 2030)
North America
U.S.
Canada
Mexico
Europe
UK
Germany
Spain
Russia
Asia Pacific
China
India
Japan
Australia
Latin America
Brazil
Argentina
Middle East & Africa (MEA)
South Africa
Saudi Arabia
UAE
List of Key Players in Subsea Manifolds Market
TechnipFMC plc
Aker Solutions
Baker Hughes Company
SLB
Subsea7
Halliburton Company
Dril-Quip, Inc.
Weatherford
NOV
Jotne Group
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