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Subsea Umbilicals, Risers and Flowlines Market Share

Report ID: GMI3515
Published Date: Nov 2024
Report Format: PDF

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Subsea Umbilicals, Risers and Flowlines Market Share

Various companies in the subsea umbilicals, risers, and flowlines industry, are forging partnerships and embracing new technologies to strengthen their market positions. Key industry players are engaging in mergers, acquisitions, and production facility expansions, introducing technological advancements is expected to significantly influence the industry dynamics.

Subsea Umbilicals, Risers and Flowlines Market Companies

Major players operating across the industry include:

Aker Solutions
ArcelorMittal
Baker Hughes
DeRegt Cables
Dril-Quip
Halliburton
JDR Cable Systems
John Wood Group
Oceaneering International
Oil States Industries
Prysmian Group
Saipem
Schlumberger
Subsea7
TechnipFMC
Tenaris
Vallourec

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

The market size of subsea umbilicals, risers, and flowlines reached USD 5.1 billion in 2024 and is set to grow at over 7.3% CAGR from 2025 to 2034, driven by a heightened focus on exploring and operating in deeper offshore fields.

The shallow segment is anticipated to exceed USD 5.5 billion by 2034, led by ongoing exploration of marginal oil reserves and technological advancements in system design.

The U.S. market is poised to cross USD 1 billion by 2034, supported by growing investments in energy-intensive sectors and continuous exploration activities.

Key players in the industry include Aker Solutions, ArcelorMittal, Baker Hughes, DeRegt Cables, Dril-Quip, Halliburton, JDR Cable Systems, John Wood Group, Oceaneering International, Oil States Industries, Prysmian Group, Saipem, Schlumberger, Subsea7, TechnipFMC, Tenaris, and Vallourec.