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Subsea Umbilicals, Risers & Flowlines Market Industry Analysis Report Regional Outlook

Author : Rahul Sankrityayan | Published Date : 2019-07-01 

Flourishing demand for the oil & gas geared with the rising deep and ultradeep sea development projects will propel the growth across subsea umbilicals riser & flowlines (SURF) market. Increasing deep water exploration and implementation of capital-intensive methods in recovering the unconventional resources to enhance the oil productivity will encourage the product installation.

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Growing complexities and stringent environmental regulation for the subsea production system will foster the SURF market. The system consists of the three elements including umbilicals, riser and flowlines. The umbilical cable is the dynamic or static cable which links the surface, processing & production system. In addition, growing deployments across the subsea production facilities in order to reduce the operational complexities will augment the industry outlook.

What Information does this report contain?

  • Historical data coverage: 2014 to 2018.
  • Growth Projections: 2019 to 2025.
  • Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
  • 6-7-year performance forecasts: major segments covering applications, top products and geographies.  
  • Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

Stringent safety standards across the subsea production facility will propel the subsea umbilicals riser & flowlines market growth. The risers provide the connectivity between flowlines and the surface facilities. while the flowlines are used to transport the unprocessed fluids to the riser from the subsea wells. The industry holds massive growth prospects with the array of products including bend restrictors, bend stiffeners, and crossing supports. These products are installed to enhance the operationality of the SURF equipment and provide the safe and secure operations.

Increasing research and development activities across the industry in order to develop durable, high strength equipment and high-quality raw material will drive the subsea umbilicals riser & flowlines market share. The complexity associated with the subsea production tends to rise due to the stringed environmental norms and deep & ultra-deep drilling. However, ongoing technological advancements to rectify the complexities in accordance with the standards and the norms will positively enhance the industry outlook.

Increasing number of mature fields across the Russia and Romania along with declining production from onshore fields will propel the Europe subsea umbilicals riser & flowlines market growth. The region holds maximum share of the global SURF market owing to rising production activities across Norway. In addition, substantial government investments and measures to boost the domestic production will further augment the industry landscape.

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North America subsea umbilicals riser & flowlines market is expected to grow on account of robust shale gas development and increased focus to develop subsea oilfield. Ongoing discoveries across the Permian Basin along with extensive technological capabilities will enhance the industry growth.

Eminent players operating across the SURF market includes TechnipFMC, Saipem, Ocean engineering, General Electric, C-innovation, Prsymian, Vallourec, Siemens AG, and Subsea7.

 

 

 

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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