New ARC Advisory Group research on the subsea controls market reveals that suppliers should continue to make investments to develop new enhancements and functional capabilities for subsea controls that they currently provide to be able to address evolving customer requirements. Suppliers may want to consider leveraging IIoT technologies, where and when appropriate and feasible, to harness the power of connectivity to support real-time monitoring and predictive maintenance to help optimize production performance.
“The upstream oil & gas industry comprises many disparate and distributed assets that form one critical part of the entire oil & gas value chain, which runs from the wellhead to the gasoline pump or the gas heater. The emergence of IIoT and its promise of leveraging smart sensors to create smart machines, or assets, that can be monitored, measured, and controlled more efficiently, in a timelier manner, and to increase ROA and/or reduce costs will no doubt play a material role in increasing the adoption of subsea controls, given the tremendous potential benefits that could be realized,” according to Jyoti Prakash, Analyst at ARC Advisory Group and key author of ARC’s Subsea Controls Global Market Research report.
About the Subsea Controls Research
This ARC research explores current market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the subsea controls market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, plus five-year market forecasts by region, system type, communication protocol, revenue, application, sales channel, and customer type.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include a:
- Market Intelligence Workbook (Excel) – personalized spreadsheet includes the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
- Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
For more information on this and other available ARC market research,please visit our Market Data & Studies section.