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Subsea Flowlines Market Analysis

Report ID: GMI7907
Published Date: Nov 2024
Report Format: PDF

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Subsea Flowlines Market Analysis

Subsea Flowlines Market Size, By Depth, 2022 - 2034 (USD Billion)

The shallow segment is set to cross over USD 2.5 billion by 2034. The shallow subsea flowlines segment is set to witness significant growth owing to increased investment in exploration and production and rising demand for oil and gas from refineries and petrochemicals. New discoveries, marginal oil reserve exploration, and improved system designs for better efficiency will accelerate the product deployment. Ongoing advancements in the field coupled with incorporation of digital solutions for continuous monitoring and preventive maintenance with and aim to improve overall efficiency and reliability will contribute to the industry growth.

U.S. Subsea Flowlines Market Size, 2022 - 2034 (USD Million)

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U.S. subsea flowlines market is anticipated to reach USD 495 million by 2034. Increasing investments in exploring newly discovered crude oil reserves and positive outlook for unconventional resource development are shaping the business dynamics. Shifting focus on digitalization and automation of drilling operations, aimed at increasing crude oil production rates, will complement the industry landscape. Shifting focus on exploring offshore oil and gas reserves coupled with accelerating production and refining activities will accelerate the product deployment.

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

The global market for subsea flowlines was reached USD 2.4 billion in 2024 and is estimated to grow at a 6.8% CAGR from 2025 to 2034, driven by increasing deep and ultra-deep water hydrocarbon exploration.

The shallow subsea flowlines segment is projected to exceed USD 2.5 billion by 2034, due to heightened investments in exploration and production and rising demand from refineries and petrochemicals.

The U.S. subsea flowlines market is anticipated to reach USD 495 million by 2034, led by increased investments in newly discovered crude oil reserves and a positive outlook for unconventional resource development.

Key industry players include Aker Solutions, Allseas, ArcelorMittal, Baker Hughes, Cabot, Dynamic Sealing Technologies, Hohn Group, John Wood Group, Oceaneering, Saipem, Strohm, Subsea7, Syensqo, TechnipFMC, Tenaris, and Vallourec.