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Shallow Depth SURF Market Share

Report ID: GMI10016
Published Date: Jun 2024
Report Format: PDF

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Shallow Depth SURF Market Share

Shallow Depth SURF Market Company Share Analysis, 2023

The shallow depth SURF industry is significantly competitive, driven by various technological advancements, digital integration, efficient project management & execution, and other parameters to serve the critical nature of subsea operations. The industry is fairly dominated by large multinational companies including Baker Hughes, Aker Solutions, TechnipFMC, Schlumberger, and Saipem, among others on account of their extensive resources, global reach, and a broad range of capabilities, enabling them to serve complex projects. Moreover, the industry players are continuously focusing to innovate, maintain high standards of efficiency & reliability, and adopt sustainable practices to gain market share and shape the industry dynamics.

Shallow Depth SURF Market Companies

Key players operating across the market consists of:

Acteon Group Operations (UK) Limited
Aker Solutions
ArcelorMittal Downstream Solutions
Baker Hughes Company
DeRegt Cables
Dril-Quip, Inc.
Halliburton
JDR Cable Systems Ltd
John Wood Group PLC
Oceaneering International, Inc.
Prysmian Group
Saipem
Schlumberger Limited
TechnipFMC plc
Tenaris
VALLOUREC

Authors: Ankit Gupta , Divyendu Sharma

Frequently Asked Questions (FAQ) :

Market size for shallow depth SURF was valued at USD 2.8 billion in 2023 and is projected to observe 6.4% CAGR from 2024 to 2032, owing to the increasing investments in offshore hydrocarbon exploration & production.

Shallow depth SURF market share from the flowline segment is set to surpass USD 2.4 billion by 2032, on account of the increasing adoption of advanced systems with the integration of sensors & digital technologies.

Middle East & Africa market is projected to cross USD 2.4 billion by 2032, attributed to the increased investment for expansion of offshore projects.

Acteon Group Operations (UK) Limited, Aker Solutions, ArcelorMittal Downstream Solutions, Baker Hughes Company, DeRegt Cables, Dril-Quip, Inc., Halliburton, JDR Cable Systems Ltd, and John Wood Group PLC among others.