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North America Subsea Well Access System (WAS) Market is Expected to Reach $534 Million in 2019 - New Report by MicroMarket Monitor
Date:8/6/2014

(PRWEB) August 06, 2014

The Subsea Well Access System Market in North America report defines and segments the Subsea Well Access System market in North America with analysis and forecast of revenue. The Subsea Well Access System market in North America is estimated to grow from around $391 Million in 2013 to $534 Million by 2019, at a CAGR of 7.8%, for the given period.

Browse through the TOC of the Subsea Well Access System Market in North America report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation in the Subsea Well Access System market in North America, and is supported by various tables and figures.
http://www.micromarketmonitor.com/market/north-america-subsea-well-access-system-was-7102578278.html

Rising energy demand has led to increased exploration and production activities at offshore sites in deep and ultra deep waters. Redevelopment of matured wells to increase production efficiency, technological advancements make shale reservoirs and oil sands commercially viable .These factors act as key drivers for Subsea Well Access System market in North America.

Early buyers will receive 10% customization on this report.
http://www.micromarketmonitor.com/contact/7102578278-request_for_customization.html

North America is one of the major markets and its share is rising in the Subsea Well Access System market globally. As of 2013, the Subsea Well Access System market in North America contributed a share of around 12.5% owing to developmental activities in offshore exploration and production.

This market is segmented and forecasted on the basis of types of Well Access System, such as Rig based well access system and Riserless well access system.

Get a copy of PDF Brochure at http://www.micromarketmonitor.com/contact/7102578278-download_pdf_brochure.html.

This report also includes the market share, supply chain and value chain analysis, and market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of key players in the market including major companies which provide Well Access System.

Related Reports:

Africa Subsea Well Access System (WAS) Market
The subsea well access system market in Africa was valued at $512 million in the year 2013, and is forecast to reach $829 million by the end of 2019. It is projected to grow at a CAGR of 8.0% from 2014 to 2019. The ‘Subsea Well Access System Market in Africa- forecast, 2012-2019’ report analyzes the subsea well access system market by technology. The subsea well access system market by technology covers riserless light well intervention (RLWI) and rig based well access system.

Subsea well access systems market in Africa will increase due to growing safety concerns and the need for improvised production efficiency. The increasing energy demand and offshore exploration activities are other factors, which will drive the subsea well access system market in Africa. The new riserless intervention technology can provide significant cost savings up to 40-60% and time saving in the intervention compared to the rig based structures, significantly driving the RLWI market.
http://www.micromarketmonitor.com/market/africa-subsea-well-access-system-was-9664347710.html

South America Subsea Well Access System (WAS) Market
The subsea well access system Market in South America was valued at $605 million in the year 2013, and is forecasted to reach $791 million by the end of 2019. It is projected to grow at a CAGR of 4.2% from 2014 to 2019.The ‘Subsea Well Access System Market in South America- forecast, 2012-2019’ report analyzes the subsea well access system market by technology. The subsea well access system market by technology covers riserless light well intervention (RLWI) and rig based well access system.

Subsea well access systems in South America will increase due to Increasing offshore drilling activities and developments in the region. The increasing energy demand and the need for improvised production efficiency are other factors which will drive the subsea well access system market in South America. The new riserless intervention technology can provide significant cost savings up to 40-60% and time saving in the intervention compared to the rig based structures, significantly driving the RLWI market.
http://www.micromarketmonitor.com/market/south-america-subsea-well-access-system-was-7572361772.html

Europe Subsea Well Access System (WAS) Market
The Subsea Well Access System market in Europe was valued at $1238 million in the year 2013, and is forecasted to reach $1557 million by the end of 2019. It is expected to grow at a CAGR of 4.8% from 2014 to 2019.The ‘Subsea Well Access System Market in Europe- forecast, 2012-2019’ report analyzes the subsea well access system market by technology. The subsea well access system market by technology covers riserless light well intervention (RLWI) and rig based well access system.

The subsea well access market is growing in Europe due to increased safety regulation, offshore drilling activities, and the rising need of production efficiency. With the increasing demand of energy, the offshore exploration activities are emerging as a new avenue of investment, thus escalating the number of well interventions, which in turn will lead to higher demand of well access systems. The new riserless intervention technology can provide significant cost savings up to 40-60% and time saving in the intervention compared to the rig based structures, significantly driving the RLWI market.
http://www.micromarketmonitor.com/market/europe-subsea-well-access-system-was-1679195751.html

About MicroMarket Monitor:

MicroMarket Monitor identifies and attends to various unmet needs of different industrial verticals, which include value chain impact analysis. The company publishes about 12000 Market Research Reports on various Micro Markets across the world. The graphical nature and multidimensional analysis of these reports provide advanced Business Intelligence Tools to the clients in that particular target market.

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Email: sales(at)micromarketmonitor(dot)com
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