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North America Subsea Umbilicals, Risers and Flowlines (SURF) Market Size
- Report ID: GMI11415
- Published Date: Sep 2024
- Report Format: PDF
North America Subsea Umbilicals, Risers and Flowlines Market Size
North America Subsea Umbilicals, Risers and Flowlines Market size was valued at USD 644.4 million in 2023 and is anticipated to expand at over 8.3% CAGR from 2024 to 2032. Expanding deep offshore oil field operations and the growing need for reliable systems to transport oil & gas to processing facilities are shaping industry dynamics. Increased investments in hydrocarbon exploration and the rising installation of floating rigs are set to boost the business outlook.
For instance, in July 2024, Mexico's hydrocarbon regulator approved a request from state energy firm Pemex to broaden a natural gas initiative in the Gulf of Mexico, necessitating additional investments exceeding USD 400 million to revise the field's production approach, focusing on well recovery and termination, production management, and hydrocarbon commercialization.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| North America Subsea Umbilicals, Risers and Flowlines Market Size in 2023: | USD 644.4 Million |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 8.3% |
| 2032 Value Projection: | USD 1.3 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 70 |
| Tables, Charts & Figures: | 12 |
| Segments covered: | Water Depth, Product, and Country |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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North America Subsea Umbilicals, Risers and Flowlines Market Scope
