Subsea Manifolds Market Size To Cross USD 5.08 Billion By 2025 : Grand View Research Inc.
San Francisco, 19 November 2019: The Report Subsea Manifolds Market Analysis By Application (Production, Injection), By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa), And Segment Forecasts, 2018 – 2025 The global subsea manifolds market is expected to be valued at USD 5.08 billion by 2025, according to a new report by Grand View Research, Inc. Increasing deepwater drilling activities and favorable revised offshore regulations have been a major factor driving the market growth. Subsea manifolds are utilized to direct fracturing fluids to the wells and to extract the produced fluids from the well into the flow lines. Subsea manifolds are devised to withstand the harsh conditions in deepwater. These systems are customizable as per the type of the soil in the sea bed. The manifolds can be utilized for horizontal or vertical connections with the resource bed in deepwater. They have a highly...