Subsea control system aims at dealing with challenging subsea environment. It also receives and transmits the data between the surface and subsea. The data so acquired is used by engineers to monitor the subsea production operations in all climate and water depths. There are many deciding factors which impact the selection of any subsea control system such as the distance between the control points, water depth, and required speed of response during the execution of subsea functions.

Recent trends of deepwater and ultra-deepwater production will drive the subsea control systems market. Moreover, need for the replacement of shallow water basin and rapid discovery of hydrocarbon reserves present significant opportunities for subsea control systems market. Also, developing markets of Asia-Pacific offers many opportunities to subsea control systems market as Asia-Pacific is reducing its dependency on imported oil & gas by upscaling its local offshore exploration and production activities. For instance, in April 2018, Google Inc. expanded its Asia Pacific cloud network with new subsea cables of 9,500 km installed undersea. This project is expected to be completed by the last quarter of 2019.

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Industry Segmentation

Based on component, the market is segmented as subsea control module, umbilical assembly, master control systems, and sensors, among others. Subsea control module segment is estimated to dominate the market during the forecast period due to the fact that it is the brain of the tree. Moreover, it consists of various other component which are an integral part of subsea control systems. These components include CPU, communication boards, digital transmitter modules, hydraulic valves, and subsea electronic module, among others. Considering the type, the market is segmented into topside control system and underwater control system. Topside control system segment is expected to lead the subsea control systems market in 2018 due to the fact that these control systems provide complete control and monitoring of both subsea equipment as well as surface electrical power units (EPU) including hydraulic power units (HPU).

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Regional Outlook

Region wise, Europe held the largest market share of the global subsea control systems market in 2017. The countries contributing to the largest market share of the region include UK and Norway. The demand for subsea control systems, especially in these countries is highly attributed to the increasing deepwater drilling activities in the region along with increasing subsea spending in these countries. These factors are driving the demand for Subsea control systems in this region.

Key Players:

The key players of global subsea control systems market are FMC Technologies Inc. (US), Halliburton (US), GE Oil & Gas Spa (US), Aker Solutions ASA (Norway), OneSubsea (US), Baker Hughes (US), Kongsberg Gruppen (Norway), Proserve Group Inc. (UK), Oceaneering International, Inc. (US), Siemens AG (Germany), Weatherford International (US), and Hitec Products (Norway), among others.

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