Home > Energy & Power > Oil and Gas > Upstream > Middle East & Africa Subsea Flowlines Market
Middle East & Africa Subsea Flowlines Market Size
- Report ID: GMI10958
- Published Date: Aug 2024
- Report Format: PDF
Middle East & Africa Subsea Flowlines Market Size
Middle East & Africa Subsea Flowlines Market was valued at over USD 1.1 billion in 2023 and is anticipated to grow at a CAGR of 5.6% between 2024 and 2032. Ongoing expansion of exploration and operations in deep offshore oil fields is driving the demand for reliable systems for transportation of oil and gas to processing facilities, further complementing the industry landscape.
Flourishing investments in exploring hydrocarbon reserves in water bodies, along with rising installation of floating rigs, will further influence the business dynamics. For instance, in July 2024, The Egyptian government has unveiled USD 200 million investment in five companies, including the Egyptian General Petroleum Corporation and the Egyptian Natural Gas Holding Company, to boost oil and gas exploration efforts.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Middle East & Africa Subsea Flowlines Market Size in 2023: | USD 1.1 Billion |
| Forecast Period: | 2024 – 2032 |
| Forecast Period 2024 – 2032 CAGR: | 5.6% |
| 2024 – 2032 Value Projection: | USD 1.9 Billion |
| Historical Data for: | 2021-2023 |
| No. of Pages: | 65 |
| Tables, Charts & Figures: | 10 |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Frequently Asked Questions (FAQ) :
Middle East & Africa Subsea Flowlines Market Scope
