Subsea Umbilical Risers and Flowline Market

Subsea Umbilical Risers and Flowline Market
Poised to Expand at a Robust Pace Over 2025
“The Subsea Umbilical Risers and Flowline Market is expected to witness substantial
growth over the forecast. In the last few years, offshore oil exploration extraction activity
has been on an increase. Innovative platforms are being constantly installed in different
areas of world and operate in deeper waters.”
The Subsea Umbilical Riser s and Flowline Market is expected to witness substantal gr owth over the for
ecast. In the last
few year s, ofshor e oil explor aton extr acton actvity has been on an incr ease. Innovatve plator ms ar
e being constantly
installed in difer ent ar eas of world and oper ate in deeper water s. Safe and efcient inter connecton fr om top plator
m &
vessels to the well head s and pumps on the seafoor is cr ucial to cond uct tr ansmission of power and d ata to ensur
e
hydr aulic and other fuid s to cond uct seamless oil extr acton oper atons. Subsea Umbilical Riser s and Flowlines for
m a
vital link in var ious oper atons as they ofer efciency, seamless tr ansmission and mor e over ar
e cost-efcient. On the
basis of type, the global subsea umbilical riser s and fowline mar ket is segmented into umbilicals, riser s, and
fowlines.
Umbilicals provid e a full r ange of solutons with innovatve d esigns, mater ials and state-of-the-ar t pr ocesses to addr
ess
all requir ements of sea oper atons. Over all, umbilicals ar e designed to match statc and d ynamic applicatons in water
and compr ise any possible combinaton of hydr aulic lines, low-voltage electr ical cables, medium-power
voltage
tr ansmission and
optcal signal elements.
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With the gr owth in commer cial mar ine trad e and oper atons, the demand for efcient subsea umbilical riser s and
fowlines have increase d . Thus, the global mar ket is antcipated to gr ow at a higher CAGR dur ing the for ecast perio d.
The key dr iving factor s r esponsible for the gr owth of global subsea umbilical riser s and fowline mar ket includ e gr
owth in
ofshor e feld d evelopment owing to technological d evelopments allowing safe oper atons and efcient inter
connectons
between top plator ms and vessels to wellhead s mounted on seabe d . Add itonally, recover y in crud
e oil costs to enhance
ofshor e explor aton and prod ucton actvites is expected to boost the mar ket gr owth. Moreove r , technological
innovatons in line with oil feld ser vice companies provid ing r easonable d iscounts ar e antcipated to boost the mar
ket
gr owth. On the basis of applicaton, the global subsea umbilical riser s and fowline mar ket is segmented
into shallow
water oil & gas feld s, deepwater oil & gas feld s, Ultrawater deepwater oil & gas felds.
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On the basis of geogr aphic segmentaton, the global subsea umbilical riser s and fowline mar ket spans Nor th Amer
ica,
Latn Amer ica, Eur ope, Midd le-East, Asia-Pacifc and Afr ica. Midd le-East r egions ar e antcipated to gr ow dur
ing the
signifcant period owing to pr esence of oil-feld s and oil-wells in the r egion. Nor th Amer ica is antcipated to gr ow dur
ing
the for ecast period in ter ms of value and safety. APAC r egions such as China, Ind ia and Japan ar e estmated
to witness a
higher CAGR gr owth dur ing the for ecast perio d.
The key player s in the global subsea umbilical riser s and fowline mar ket includ e ABB Lt d , Airbor
ne Oil & Gas B.V.,
CAM ERON INTERNATIONAL CORPORATION, Aker Solutons ASA, Dr il-Quip Inc, EM AS Ofshor e Limite d , Gener al Electr
ic
Company, Konsber g Gr uppen, McDer mot Inter naton Inc, Natonal Oilwell Var co Inc, Nexans SA, Pr
ysmian S.p.A, Saipem
SpA, Oceaneeing Inter natonal Inc, Siemens AG, Subsea 7 SA, Technip, and Vallourec.
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