Subsea Manifolds Market Report 2026

The subsea manifolds market size has grown steadily in recent years. It will grow from $4.18 billion in 2025 to $4.36 billion in 2026 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to growth of offshore oil exploration, development of subsea production systems, rising offshore field complexity, demand for reduced surface infrastructure, early deepwater investments.

The subsea manifolds market size is expected to see strong growth in the next few years. It will grow to $5.36 billion in 2030 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to increasing offshore energy demand, expansion of ultra deepwater projects, technological advancements in subsea engineering, focus on cost efficient subsea architectures, integration of digital subsea control systems. Major trends in the forecast period include growing deployment of deepwater subsea manifolds, increasing use of modular manifold designs, rising integration of digital monitoring systems, expansion of ultra deepwater oil and gas projects, increasing focus on subsea production optimization.

The growing demand for oil and gas is expected to drive the expansion of the subsea manifolds market in the coming years. Oil and gas encompass all materials produced or extracted in connection with petroleum, natural gas, and similar hydrocarbons or minerals. This demand is increasing due to rapid industrialization and urbanization, which are boosting global energy consumption, particularly in transportation, manufacturing, and power generation. The subsea manifolds market addresses this demand by enabling efficient control and distribution of oil and gas from multiple underwater wells, enhancing production efficiency and extending the lifespan of offshore energy resources. For example, in December 2025, the U.S. Energy Information Administration reported that in December 2024, U.S. oil production averaged 13.4 million barrels per day (b/d) and natural gas production averaged 128.8 billion cubic feet per day (Bcf/d), up from 13.3 million b/d of oil and 128 Bcf/d of natural gas in 2023. Therefore, the rising demand for oil and gas is fueling growth in the subsea manifolds market.

Leading companies in the subsea manifolds market are focusing on developing innovative solutions, such as the Subsea 2 configurable manifold technology, to improve deepwater oil and gas production efficiency, shorten lead times, and provide modular systems for demanding offshore environments. A Subsea 2 manifold is a seabed structure that combines, distributes, controls, and monitors fluid flows from multiple wells, using pre-engineered piping, valves, and control systems to simplify traditional bespoke designs. For example, in December 2025, TechnipFMC plc, a UK-based energy technology provider, launched its Subsea 2 platform, featuring configurable manifolds and integrated 800 Series controls designed to streamline subsea engineering and support scalable deepwater projects. This technology reduces engineering complexity, accelerates delivery, and offers the flexibility to meet diverse field requirements, enhancing predictability and reliability compared with conventional custom-built manifolds.

In December 2024, Westcon Yards AS and Westcon Helgeland AS, Norway-based maritime and subsea technology and service companies, acquired Agility AS for an undisclosed sum. Through this acquisition, Westcon aims to strategically strengthen its presence in the subsea market by combining expertise in subsea production systems (SPS) and subsea umbilicals, risers, and flowlines (SURF), enabling more comprehensive solutions and access to new market opportunities. Agility AS, based in Norway, specializes in designing and manufacturing subsea manifolds and structures for the global energy sector.

Major companies operating in the subsea manifolds market are TechnipFMC, Aker Solutions, Schlumberger, McDermott International, National Oilwell Varco (NOV), Oceaneering International, Petrofac, Saipem, Wood Group, Halliburton, L&T Hydrocarbon Engineering, Dril-Quip, NOV Wellstream, Weatherford International, OneSubsea, Hitec Products, Forum Energy Technologies, IntecSea, Aquaterra Energy, Allseas Group, Kongsberg Maritime, Zamil Offshore Services, Genesis Oil & Gas.

Europe was the largest region in the subsea manifolds market in 2025. The regions covered in the subsea manifolds market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the subsea manifolds market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The subsea manifolds market consists of sales of tie-in structures, riser bases, and gas export systems, over trawlable and fishing-friendly designs. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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