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Middle East & Africa Subsea Umbilicals, Risers and Flowlines Market Size
- Report ID: GMI10741
- Published Date: Aug 2024
- Report Format: PDF
Middle East & Africa Subsea Umbilicals, Risers and Flowlines Market Size
Middle East & Africa Subsea Umbilicals, Risers and Flowlines Market was valuated at USD 2.3 billion in 2023 and is projected to observe around 6.1% CAGR between 2024 and 2032. Rising exploration and operations across deep offshore oil fields along with increasing demand for reliable systems able to transport O&G to the processing facilities will influence the industry dynamics.
Accelerating investments for exploration of hydrocarbon reserves across water bodies and rising installation of floating rigs is set to complement the business landscape. For instance, in July 2024, Egyptian government announced to invest USD 200 million with five companies including Egyptian General Petroleum Corporation and Egyptian Natural Gas Holding Company among others for the exploration of oil & gas.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| MEA Subsea Umbilicals, Risers and Flowlines Market Size in 2023: | USD 2.3 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 6.1% |
| 2032 Value Projection: | USD 3.9 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 65 |
| Tables, Charts & Figures: | 12 |
| Segments covered: | Water Depth, Product, and Country |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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MEA Subsea Umbilicals, Risers and Flowlines Market Scope
