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Subsea Flowlines Market Share

  • Report ID: GMI7907
  • Published Date: Jan 2024
  • Report Format: PDF

Subsea Flowlines Market Share

The subsea flowlines industry is characterized by competition among several global and regional players. These companies were engaged in offering subsea flowline solutions for oil & gas applications. Various large-scale competitors including OneSubsea, TechnipFMC plc, Vallourec, Sapiem SpA, Halliburton and Baker Hughes Company among others, are actively competing in the industry and offering a wide range of flowlines solutions and introducing new products to boost their geographical footprint. The ongoing technological innovation attributed by the investments in the research & development by key players to introduce advanced features and functionalities in subsea flowlines will shape the subsea flowlines market dynamics.

 

For instance, in August 2022, Vallourec has unveiled an extensive pipe grade portfolio, including the introduction of the X80 steel grade. The first seamless X80 grade has been delivered for pipes with heavy wall thicknesses up to 40mm, catering to mild sour applications in NACE region 2. The X80 grade guarantees a maximum pipe hardness below 280 HV10 and an average toughness of 300J at -30°C in these specific applications. Moreover, growing need for energy-efficient systems capable of transporting crude oil and gas to processing plants along with rising investments in subsea projects, and increasing deployment of floating rigs and the escalating demand for energy will further complement the industry landscape.

 

Subsea Flowlines Market Companies

The key market players operating across the industry include:

  • Aker Solutions
  • Allseas
  • ArcelorMittal Energy Projects
  • Baker Hughes Company
  • Cabot Corporation
  • Halliburton
  • HOHN GROUP
  • Oceaneering International, Inc.
  • OneSubsea
  • Sapiem SpA
  • Strohm
  • SUBSEA7
  • TechnipFMC plc
  • Tenaris
  • Vallourec
Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The market size of subsea flowlines was reach USD 2.3 billion in 2023 and is set to observe over 6.5% CAGR from 2024 through 2032, due to the strategic focus on addressing the challenges associated with extracting resources from deeper waters, making cost-effective and reliable solutions.

The deep water segment is projected to record over 7.5% CAGR from 2024 to 2032, driven by the presence of oil fields and the production of natural gas & oil.

The Middle East & Africa subsea flowlines industry was worth USD 1.1 billion in 2023 and is anticipated to observe a significant growth till 2032, propelled by escalating investments in the exploration of newly discovered crude oil reserves and a favorable outlook for the development of unconventional resources.

Aker Solutions, Allseas, ArcelorMittal Energy Projects, Baker Hughes Company, Cabot Corporation, Halliburton, HOHN GROUP, Oceaneering International, Inc., OneSubsea, Sapiem SpA, Strohm, SUBSEA7, TechnipFMC plc, Tenaris, and Vallourec.

Subsea Flowlines Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 284
  • Countries covered: 21
  • Pages: 225
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