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Middle East & Africa Subsea Risers Market Size

Report ID: GMI11285
Published Date: Sep 2024
Report Format: PDF

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Middle East & Africa Subsea Risers Market Size

Middle East & Africa Subsea Risers Market was valued at over USD 331.7 million in 2023 and is anticipated to grow at a CAGR of 7.5% between 2024 and 2032.

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Ongoing expansion of operations in offshore oil fields to transport oil & gas across processing facilities will augment the business outlook. Growing investments in exploring hydrocarbon reserves in water bodies, coupled with increasing installation of floating rigs, will further complement the industry landscape.

Middle East & Africa Subsea Risers Market Report Attributes
Report Attribute	Details
Base Year:	2023
Middle East & Africa Subsea Risers Market Size in 2023:	USD 331.7 Million
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	7.5%
2032 Value Projection:	USD 634.5 Million
Historical Data for:	2021 - 2023
No. of Pages:	65
Tables, Charts & Figures:	12
Segments covered:	Depth, Product and Country
Growth Drivers:	Increasing investments for exploration of oil reserves across water bodies Growing inclination toward development of marginal fields
Pitfalls & Challenges:	High drilling associated cost

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Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

Middle East & Africa subsea risers market size was worth over USD 331.7 million in 2023 and is expected to register 7.5% CAGR from 2024 to 2032, due to the ongoing expansion of operations in offshore oil fields to transport oil & gas across processing facilities in the region.

Middle East & Africa subsea risers industry from the shallow depth segment is expected to reach over USD 350 million by 2032, due to the rising investments in offshore oil and gas project expansions and the ongoing use of advanced recovery techniques.

UAE subsea risers industry is expected to reach over USD 120 million by 2032, due to abundant offshore oil and gas reserves, coupled with active exploration and production activities in the country.

Aquaterra Energy Limited, Baker Hughes Company, Dril-Quip, Inc., Hunting plc, John Wood Group PLC, Kinetic Pressure Control, Oil States Industries, Inc., SLB, Subsea7, TechnipFMC plc, Tenaris, Vallourec, and Weatherford, are some of the major subsea risers companies in Middle East & Africa.