Posted 3/11/2024, 11:33:00 AM
Subsea Manifolds Market to Reach $7 Billion by 2036 Driven by Offshore Oil and Gas Exploration
- Global subsea manifolds market size to reach $7 billion by 2036, growing at a CAGR of 5% from 2024-2036
- Increasing offshore oil and gas exploration activities driving demand for corrosion-resistant subsea manifolds
- Europe to account for 35% market share by 2036 due to major players and developed offshore industry in North Sea
- Asia Pacific to register fastest growth rate owing to government initiatives to boost shale gas production
- Key players include Baker Hughes, Aker Solutions, TechnipFMC, Schlumberger, Chevron Australia, Mitsui Marine Development, and others