Press release
SURF (Subsea Umbilicals, Risers and Flowlines) market Comprehensive Growth on Aker Solutions, Technip FMC, Subsea 7, Saipem, McDermott International Inc., DeepOcean Group Holding BV
Moreover, escalating demand for oil and gas coupled with increasing deep-sea developments has facilitated growth in the market for SURF (subsea umbilical, riser and flowline). Increasing demand for using capital intensive techniques in unconventional sources, and increase in deep water explorations to increase oil productivity has further accelerated SURF installations in the offshore oil and gas production projects.
Decline in crude oil prices, depleting oil reserves and global economic slowdown has presented fresh challenges to explore undiscovered reservoirs. In terms of segmentation, market is categorized on basis of type (umbilical, riser and flowline). South America has been leading the market due to offshore activities in Brazil with the share of around 30%, APAC and Middle East is expected to witness a higher growth rate till 2023.
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Global SURF (Subsea Umbilicals, Risers and Flowlines) Market: 2018 World Market Review and Forecast to 2023analyses the SURF market By Region (North America, South America, Africa, Europe, Middle East, APAC) and By Country (U.S., Mexico, Brazil, Argentina, U.K., Norway, Angola, Nigeria, Australia, China, Saudi Arabia). The report also analyses the market by Umbilical Type (Hydraulic Umbilical, Electro Hydraulic Umbilical, Electro- Fiber Optical Hydraulic Umbilical and Electro Hydraulic and Electro- Fiber Optical Hydraulic Umbilical with medium voltage cores); By Riser Type (Production Riser, Drilling Riser, Work Over Riser and Others). The report assesses the Subsea Umbilicals, Risers and Flowlines market for the actual period of 2013-2017 and the forecast period of 2018-2023.
According research report Global SURF (Subsea Umbilicals, Risers and Flowlines) Market: 2018 World Market Review and Forecast to 2023, global market is projected to display a robust growth represented by a CAGR of 11.63% during 2018 2023, chiefly driven by high demand for energy in the American and Asian regions.
Prominent Key Player Operating in this Market include includes
Prysmian group, Aker Solutions, Technip FMC, Subsea 7, Saipem, McDermott International Inc., DeepOcean Group Holding BV, Ocean Installer AS, Actuant Corporation
Scope of the Report
By Type - Umbilical, Riser and Flowline
By Umbilical Type - Hydraulic Umbilical, Electro Hydraulic Umbilical, Electro- Fiber Optical Hydraulic Umbilical and Electro Hydraulic and Electro- Fiber Optical Hydraulic Umbilical with medium voltage cores
By Riser Type - Production Riser, Drilling Riser, Work Over Riser, Others)
Regional Markets North America, South America, Europe, Africa, APAC and Middle East (Actual Period: 2013-2017, Forecast Period: 2018-2023)
By Type - Umbilical, Riser and Flowline
Country Analysis - US, Mexico, Brazil, Argentina, U.K., Norway, Angola, Nigeria, Australia, China and Saudi Arabia (Actual Period: 2013-2017, Forecast Period: 2018-2023)
By Type - Umbilical, Riser and Flowline
Other Report Highlights
Market Dynamics Trends, Drivers, Challenges
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The report titled Global SURF (Subsea Umbilicals, Risers and Flowlines) Market: 2018 World Market Review and Forecast to 2023 has covered and analysed the potential of Global SURF Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global SURF market. Additionally, the report also highlights market entry strategies for various companies across the globe.
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The study objectives of this report are:
• To analyze and study the global SURF (Subsea Umbilicals, Risers and Flowlines) capacity, production, value, consumption, status (2013-2018) and forecast (2018-2023);
• Focuses on the key SURF (Subsea Umbilicals, Risers and Flowlines) manufacturers, to study the capacity, production, value, market share and development plans in future.
• Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
• To strategically profile the key players and comprehensively analyze their growth strategies.
Complete report for 2018-2023 on SURF (Subsea Umbilicals, Risers and Flowlines) market is now available at https://www.marketstudyreport.com/reports/global-surf-subsea-umbilicals-risers-and-flowlines-market-2018-world-market-review-and-forecast-to-2023
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