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Deep Depth Subsea Umbilicals, Risers and Flowlines (SURF) Market Share

Report ID: GMI12109
Published Date: Nov 2024
Report Format: PDF

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Deep Depth Subsea Umbilicals, Risers and Flowlines Market Share

Deep Depth Subsea Umbilicals, Risers and Flowlines (SURF) Company Market Share Analysis, 2023

Key industry players are restructuring their R&D initiatives and expanding their product portfolio aiming to integrate advanced & sustainable technologies. These initiatives are designed to enhance their market presence and address a more diverse array of customer needs. Major companies in the deep depth subsea umbilicals, risers, and flowlines (SURF) market face intense competition, rapid technological changes, and strict regulatory requirements. Key manufacturers including Baker Hughes, John Wood Group, SLB, TechnipFMC, John Wood group, and Halliburton, aim to develop cost-effective and reliable solutions.

Deep Depth Subsea Umbilicals, Risers and Flowlines Market Companies

Key industry players operating across industry include:

Aker Solutions
ArcelorMittal Downstream Solutions
Baker Hughes
Bartell Machinery
Dril-Quip
Halliburton
John Wood Group
NOV
Oceaneering International
Prysmian Group
Saipem
SLB
Subsea7
TechnipFMC
Tenaris
VALLOUREC

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

The global market for deep depth subsea umbilicals, risers, and flowlines was reached USD 1.5 billion in 2023 and is projected to grow at a 7.9% CAGR from 2024 to 2032, driven by increasing exploration activities in deep-water offshore fields.

The flowlines segment is anticipated to reach over USD 1.2 billion by 2032, supported by evolving offshore oil and gas exploration and a focus on deeper offshore fields.

The U.S. market for deep depth subsea umbilicals, risers, and flowlines is estimated to exceed USD 600 million by 2032, driven by new reserve explorations and supportive government regulations.

Key industry players include Aker Solutions, ArcelorMittal Downstream Solutions, Baker Hughes, Bartell Machinery, Dril-Quip, Halliburton, John Wood Group, NOV, Oceaneering International, Prysmian Group, Saipem, SLB, Subsea7, TechnipFMC, Tenaris, and VALLOUREC.