The report covers a forecast and an analysis of the oil & gas subsea umbilical, risers & flowlines market on a global and regional level. The study provides historical data from 2013 to 2018 and a forecast from 2019 to 2027 based on revenue (USD Billion). The study includes drivers and restraints of the oil & gas subsea umbilical, risers & flowlines market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the oil & gas subsea umbilical, risers & flowlines market on a global level.
In order to give the users of this report a comprehensive view of the oil & gas subsea umbilical, risers & flowlines market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis.
The study provides a decisive view of the oil & gas subsea umbilical, risers & flowlines market by segmenting it based on type, water depth, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2027. The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The rising offshore field vessel demand across the globe is the major growth driver of the oil & gas subsea umbilical, risers & flowlines market in the years ahead. The exploration and production of oil & gas reservoirs across different water depths is a challenge for the offshore industry currently. Since these subsea developments are moving further offshore and into deeper waters, these projects’ technical challenges are continuously increasing. For deep-water developments, several subsea layouts and production systems, greatly different in complexities, are utilized. Due to the high pressures, potentially large temperature gradients and harsh deep-water environment, subsea systems and equipment are subjected to critical and complex load cases. Thus, subsea field development safely maximizes economic gain via the most reliable, safe, and cost-effective solutions available, which is driving the oil & gas subsea umbilical, risers & flowlines market.
By type, the market is categorized into riser, flowlines, and umbilical. Based on water depth, the market is sectored into shallow, deep, and ultra-deep.
Key players operating in the oil & gas subsea umbilical, risers & flowlines market are Dril-Quip, Subsea 7, Arcelor Mittal, McDermott, Acteon Group, Aker Solutions, Saipem, Baker Hughes, Oceaneering International, TechnipFMC, EMAS Offshore Limited, Prysmian Group, Schlumberger Limited, and VALLOUREC, among others.
Global Oil & Gas Subsea Umbilical, Risers & Flowlines : Regional Segment Analysis
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