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Mar 11 2023
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Business
Market Overview and Forecast
The global subsea manifolds market was valued at approximately USD 5–6.6 billion in 2024 and is projected to grow to USD 9–10 billion by 2030, expanding at a CAGR of 5–7%. The rise in offshore oil and gas activities, particularly in deepwater and ultra-deepwater zones, underpins this robust growth.
Key Drivers:
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Maturing onshore fields push investment offshore
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Greater focus on Enhanced Oil Recovery (EOR) through injection
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Standardization and modular manifold designs improve project economics
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Surge in offshore exploration in Latin America, Africa, and Asia
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