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Middle East & Africa Subsea Flowlines Market Trends

Report ID: GMI10958
Published Date: Aug 2024
Report Format: PDF

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Middle East & Africa Subsea Flowlines Market Trends

The Middle East & Africa subsea flowlines industry is anticipated to grow on account of driven by an intensified focus on developing deep offshore fields and evolving dynamics in offshore oil and gas exploration. Increased investments in hydrocarbon production and exploration across diverse water depths, along with spending on maintaining existing infrastructure, will bolster the industry's prospects. Furthermore, favorable regulatory landscape toward oil & gas sector and ongoing technological enhancements for rigid and flexible flowline solutions have positively influence the industry landscape.

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

The market size of Middle East & Africa subsea flowlines was worth over USD 1.1 billion in 2023 and is anticipated to record a 5.6% CAGR during 2024 to 2032, driven by ongoing expansion of exploration and operations in deep offshore oil fields.

Shallow depth segment of the Middle East & Africa subsea flowlines market is set to surpass USD 1.2 billion by 2032, driven by increased investments in the expansion of offshore oil & gas projects.

UAE subsea flowlines market is set to cross USD 360 million by 2032, driven by the availability of abundant offshore oil & gas reserves, active E&P activities, and shifting inclination toward energy conservation.

Aker Solutions, ArcelorMittal Energy Projects, Allseas, Baker Hughes Company, Cabot Corporation, Halliburton, John Wood Group PLC, NOV among others.