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Oil & Gas Subsea Umbilicals, Risers, and Flowlines (SURF) Market Size, Share - Global Industry Trend and Forecast 2017 - 2025
The objective of this report is to define, describe, and forecast the market on the basis of type, application, medical condition, and region. It provides detailed information regarding the major factors influencing the growth of the market. This report also tracks and analyzes competitive developments of the key players in terms of market developments, product portfolios, and financials.Acute Renal Failure Market: Industry Size, Share, Growth, Forecasts.
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Oil & Gas Subsea Umbilicals, Risers, and Flowlines: Market Overview
Offshore oil extraction activities have been increasing since the last few years. The major oil companies and its contractors have been banking on the low crude oil prices. Strategic oil storage is one of the major reasons to undertake offshore oil and gas projects despite the fluctuation in crude oil prices.
The reserves from onshore fields and shallow water wells are in almost depletion state. Hence, exploration and production companies are focusing on deeper water prospects. New platforms are being unceasingly installed in different parts of the world and operate in deeper waters (300m to 3,050 m). The safe and efficient interconnection from the topside of the platform /vessels to well heads and pumps on the seafloor is necessary to transfer products, power, and data. Hydraulic and other fluids are also transferred from one platform to another in same or different reservoir blocks to guarantee reliable oil extraction operations.
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Oil & Gas Subsea Umbilicals, Risers, and Flowlines Market: Dynamics and Trends
Electric power is locally generated and distributed to various appliances, platforms, and onshore sites in order to lower the overall operational costs of oil and gas exploration and production projects. Broadband communication systems play an important role in modern communication and process control systems. Subsea risers, umbilicals, and flowlines form a vital link between multiple centers of operation within the field of exploration and production. These SURF can withstand high mechanical and chemical stresses, and high operating temperatures and pressures. They ensure continuous and reliable supply of services in harsh environments below the sea.
Subsea umbilicals are designed to suit static and dynamic applications in water depths of up to 2,500 meters. They are composed of a combination of hydraulic lines (thermoplastic hoses or steel alloy tubes), low-voltage electrical control cables, medium-voltage power transmission cores, and optical signal components.
Subsea line pipes (flowlines) can withstand extreme environments, and offer high tubing performance, enhanced weldability, and high resistance to corrosion. Thermoplastic composite pipes (TCP) or flexible pipes, risers, and spools commonly cope with challenging conditions such as extreme water depth, sour service, and high pressures. TCP-made jumpers, risers, flowlines, and spools have the capability to reduce the cost of transportation and installation of seam/seamless rigid metal pipes by more than half. TCP also has low weight, excellent fatigue performance, and sour service capability.
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Oil & Gas Subsea Umbilicals, Risers, and Flowlines Market Segmentation
In terms of water depth, the oil & gas subsea umbilicals, risers, and flowlines market can be segmented into shallow, deep, and ultra-deep. Based on subsea connection, the market can be divided into manifold, subsea tee, pipe, pumps, and others. In terms of topside connection, the market can be segregated into jacket leg (fixed platform), FPSO, TLP, spar platform, onshore platform, and others. Based on region, the global oil & gas subsea umbilicals, risers, and flowlines market can be classified into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Oil & Gas Subsea Umbilicals, Risers, and Flowlines Market: Key Players
Key players operating in the global oil & gas subsea umbilicals, risers, and flowlines market include Airborne Oil and Gas, VALLOUREC, Schlumberger, Prysmian Group, and Baker & Hughes.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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