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Subsea Umbilicals, Risers and Flowlines (SURF) Market Share

Report ID: GMI3515
Published Date: Jul 2023
Report Format: PDF

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Subsea Umbilicals, Risers and Flowlines Market Share

Various players operating across the subsea umbilicals, risers and flowlines market at the are focusing on creating strong partnerships and collaborations for new projects along with introducing advance technologies to enhance their market presence. The ongoing initiatives including mergers & acquisitions along with expansion of manufacturing facilities by the major industry participants will play a vital role in shaping the industry dynamics over the forecast period. Major industry players operating across the industry consist of :

Schlumberger Limited
TechnipFMC plc
Halliburton
VALLOUREC
Aker Solutions
Oceaneering International Inc.
Tenaris
Saipem
John Wood Group PLC
Prysmian Group
ArcelorMittal Downstream Solutions
SUBSEA7
Dril-Quip Inc.
Baker Hughes Company
DeRegt Cables

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

Subsea umbilicals, risers and flowlines (SURF) industry size was over USD 4.8 billion in 2023 and is projected to record over 7% CAGR from 2024 to 2032, due to rising adoption for the efficient and safe production of hydrocarbons in offshore environments.

Demand for umbilical subsea umbilicals, risers and flowlines is set to witness substantial expansion up to 2032 driven by the positive outlook for deepwater and ultra-deepwater drilling activities.

Middle East & Africa SURF market size reached more than USD 2.1 billion in 2022 and is set to witness significant growth through 2032 owing to the increasing investments in the exploitation of new crude oil discoveries.

Schlumberger Limited, TechnipFMC plc, Halliburton, VALLOUREC, Aker Solutions, Oceaneering International, Inc., Tenaris, Saipem, John Wood Group PLC, Prysmian Group, ArcelorMittal, and Downstream Solutions are some of the key umbilicals, risers and flowlines market players.