Subsea Umbilicals, Risers, And Flow Lines (SURF) Market 2024-2028
The subsea umbilicals, risers, and flow lines (SURF) market is forecasted to grow by USD 4.9 bn during 2023-2028, accelerating at a CAGR of 9.53% during the forecast period. The report on the subsea umbilicals, risers, and flow lines (SURF) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in new exploration policies, surge in energy demand, and declining E&P cost of deep water and ultra-deepwater oil and gas projects.
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
8.24%
CAGR
9.53%
Incremental Value
$4.9 bn
Technavio's subsea umbilicals, risers, and flow lines (SURF) market is segmented as below:
By Product
Flowlines
Umbilicals
Risers
By Type
Shallow water
Deep water
Ultra deep water
By Geographical Landscape
APAC
Europe
North America
Middle East and Africa
South America
This study identifies the advances in subsea processing as one of the prime reasons driving the subsea umbilicals, risers, and flow lines (SURF) market growth during the next few years. Also, using laser technology in workover rigs and emergence of next-generation automated drilling rigs will lead to sizable demand in the market.
The report on the subsea umbilicals, risers, and flow lines (SURF) market covers the following areas:
Subsea umbilicals, risers, and flow lines (SURF) market sizing
Subsea umbilicals, risers, and flow lines (SURF) market forecast
Subsea umbilicals, risers, and flow lines (SURF) market industry analysis
The vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading subsea umbilicals, risers, and flow lines (SURF) market vendors that include ABB Ltd., Aker Solutions ASA, ArcelorMittal SA, Baker Hughes Co., Bureau Veritas SA, Dril Quip Inc., FIRST Exploration and Petroleum Development Co. Ltd., Havfram, Kongsberg Gruppen ASA, McDermott International Ltd., Nexans SA, NOV Inc., Oceaneering International Inc., Parker Hannifin Corp., Prysmian Spa, Saipem S.p.A., Schlumberger Ltd., Subsea 7 SA, TechnipFMC PLC, and Vallourec SA. Also, the subsea umbilicals, risers, and flow lines (SURF) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Product
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ billion)
Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Subsea Umbilicals, Risers, And Flow Lines (Surf) Market 2018 - 2022
Historic Market Size - Data Table on Global Subsea Umbilicals, Risers, And Flow Lines (Surf) Market 2018 - 2022 ($ billion)