Subsea Manifolds Market Report 2025

The subsea manifolds market size has grown steadily in recent years. It will grow from $4.01 billion in 2024 to $4.19 billion in 2025 at a compound annual growth rate (CAGR) of 4.6%. The growth in the historic period can be attributed to growing offshore oil and gas exploration, increasing deepwater discoveries, focus on cost-efficient production, rise in subsea tieback projects, government initiatives for offshore development, increasing demand for energy.

The subsea manifolds market size is expected to see steady growth in the next few years. It will grow to $5.04 billion in 2029 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to growing focus on enhanced oil recovery (eor), increasing investment in subsea infrastructure, focus on environmental sustainability, rapid growth in floating production systems, integration of digitalization and automation. Major trends in the forecast period include technological innovations in material design, advancements in subsea technologies, integrated subsea production systems, digitalization and remote monitoring, high-pressure, high-temperature (hpht) applications.

The anticipated surge in offshore production is poised to drive the growth of the subsea manifolds market. Offshore production involves the extraction of oil and gas from beneath the seabed, typically in ocean waters. Subsea manifolds play a pivotal role in offshore production by connecting wells to pipelines and risers, managing the distribution of injected water, gas, and chemicals, and optimizing the flow of production fluids within the system. For example, as reported by the Energy Information Administration, a US-based government agency, approximately 14.5% of crude oil in the U.S. was produced from wells situated in the Federal Offshore Gulf of Mexico in 2022, with an additional 0.1% from the Federal Offshore Pacific (California). Hence, the increasing trend in offshore production serves as a driving force for the subsea manifolds market.

The escalating demand for oil and gas is expected to fuel the future growth of the subsea manifolds market. Oil and gas encompass all materials derived or extracted in connection with petroleum, natural gas, and other hydrocarbons or minerals with similar properties. Subsea manifolds have been integral in oil and gas fields for transferring oil or gas from wellheads into pipelines. For instance, as of March 2023, based on information from the US Energy Information Administration, the US is projected to experience an increase in crude oil output to 12.4 million b/d in 2023, surpassing the previous record of 11.7 million b/d in 2022. Furthermore, in September 2022, the US recorded an average consumption of 86.6 billion cubic feet of natural gas per day (Bcf/d), marking the highest annual consumption of natural gas in the country compared to the previous year. Therefore, the surge in demand for oil and gas acts as a catalyst for the growth of the subsea manifolds market.

Technological advancements represent a prominent trend gaining traction in the subsea manifolds market. Companies within the subsea manifolds market are embracing innovative and advanced technologies to maintain their competitive standing. For example, in May 2022, Baker Hughes Incorporated, a US-based oil field services company, introduced the MS-2 Annulus Seal, a novel subsea manifold wellhead technology aimed at reducing well construction and installation costs. This innovation contributes to cost savings by minimizing rig trips and operational expenses. The MS-2 Annulus Seal enhances intervention options, reduces well construction and intervention costs, and ensures well integrity even in challenging conditions. Serving as the latest technological enhancement to Baker Hughes' existing wellhead seal, the MS-SN, it instills operator confidence in well integrity and extends well life.

Major companies in the subsea manifolds market are increasingly focused on developing field-proven hydraulic choke technologies to enhance flow control, improve operational efficiency, and ensure the safety and reliability of subsea production systems. A field-proven hydraulic choke is a device utilized in subsea and onshore oil and gas production to manage the flow of fluids such as oil, gas, and water from a well. This hydraulic choke regulates fluid flow by adjusting the size of the flow passage, enabling operators to manage production rates, control pressure, and optimize reservoir performance. For example, in March 2023, CORTEC, a U.S.-based company specializing in corrosion control technologies, launched a new remotely operated hydraulic choke designed to withstand harsh operating environments. These field-proven hydraulic chokes are made from high-quality materials that resist corrosion, wear, and fatigue.

In November 2022, Advanced Innergy Solutions (AIS), a UK-based subsea manufacturing company, successfully acquired CRP Subsea for an undisclosed amount. This strategic acquisition enhanced AIS's market position and expanded its portfolio to offer customers a broader range of cutting-edge subsea solutions. CRP Subsea, a UK-based manufacturer, specializes in offshore riser, umbilical, pipeline, and cable condition-based monitoring systems.

Major companies operating in the subsea manifolds market include TechnipFMC, Subsea 7, Aker Solutions, GE Company, Schlumberger, McDermott International, National Oilwell Varco, Oceaneering International, Kongsberg Maritime, Vallourec, Petrofac, Saipem, Wood Group, Forum Energy Technologies, Siemens Energy, Halliburton, L&T Hydrocarbon Engineering, Dril-Quip, Hitec Products, NOV Wellstream, Weatherford International, OneSubsea, Aquaterra Energy, IntecSea, Zamil Offshore Services, Genesis Oil & Gas, DNV GL, Expro Group, ABB, Allseas Group.

Europe was the largest region in the subsea manifolds market in 2024. The regions covered in the subsea manifolds market report are Asia-Pacific, 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, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Subsea manifolds are structures designed to connect flow lines and subsea trees, facilitating flow routing in underwater environments. They play a crucial role in optimizing subsea layout configurations and reducing the number of risers attached to the platform. Comprising pipes and valves, subsea manifolds are instrumental in distributing injected water, gas, and chemicals, while also consolidating the flow from multiple subsea wells for transfer into production flow lines.

The primary types of subsea manifolds include template manifold, cluster manifold, and pipeline end manifold (PLEM), each serving various functions such as choke and kill manifolds, squeeze manifolds, frac manifolds, production manifolds, and injection manifolds. A template manifold is strategically positioned to collect produced fluids and distribute injected fluids, catering to different water depths such as shallow water, deep water, and ultra-deepwater. Moreover, these manifolds find applications in various scenarios, including both production and injection processes.

The subsea manifolds market research report is one of a series of new reports that provides subsea manifolds market statistics, including subsea manifolds industry global market size, regional shares, competitors with a subsea manifolds market share, detailed subsea manifolds market segments, market trends and opportunities, and any further data you may need to thrive in the subsea manifolds industry. The subsea manifolds market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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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