Maharashtra, India -- (SBWIRE) -- 04/08/2019 -- Oil and Gas Subsea Umbilicals Risers and Flowlines SURF Market
Summary
Subsea Umbilicals, Risers & Flowlines (SURF) refer to the cable those used in the operation of subsea oil or gas plant.
An umbilical, or umbilical cable, is a static or dynamic cable that is the vital link between subsea production and processing systems and the surface, as well as between elements within the larger subsea system via flying leads. Umbilicals are composite cables that have the ability to carry out a large range of processes. Flowlines transport unprocessed fluids from the subsea well to the riser. The riser then transports the fluids to the surface processing system.
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Scope of the Report:
Globally, the Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) industry market is concentrated as the manufacturing technology of Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) is quite high and held by a few of enterprises. The Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) market was worth $ 5363 million in 2015 and is expected to reach $ 6393 million in 2021. In the next five years, the global consumption of Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) will maintain an average 6% annual growth rate.
According to our research and analysis, the leading five companies in the market occupies about 65% of the production value shares. Major manufacturers in the market are Aker Solutions, Technip, FMC Technologies, Prysmian Group and Vallourec.
The worldwide market for Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) is expected to grow at a CAGR of roughly 4.4% over the next five years, will reach 6700 million US$ in 2024, from 5180 million US$ in 2019
Market Segment by Manufacturers, this report covers
Aker Solutions
Technip
FMC Technologies
Prysmian Group
Vallourec
Nexans
JDR
Oceaneering
Market Segment by Type, covers
Umbilicals
Risers and Flowlines
Market Segment by Applications, can be divided into
Shallow Water Oil & Gas Fields
Deepwater Oil & Gas Fields
Ultra Deepwater Oil & Gas Fields
Key Regions for this market: North America, Europe, APAC, Latin America, and the Middle East & Africa.
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Major Features:
The report provides a thorough analysis of some of the significant factors, which include cost, capacity, capacity utilization rate, production, revenue, production rate, consumption, import/export, supply/demand, gross, market share, CAGR, and gross margin. Besides, the report provides a comprehensive study of the key influencing factors and market inclinations, in addition to the relevant market segments and sub-segments.
Technological Advancements
The latest and advanced technologies used in the Oil and Gas Subsea Umbilicals Risers and Flowlines SURF Market can be helpful for collaborative seminars, meetings, lectures, and training for industry professionals. Furthermore, in order to introduce advanced products or solutions, leading competitors are expected to concentrate on product innovation through continuous investments in product development.
Key Benefits:
1. The research report provides a detailed analysis of the Oil and Gas Subsea Umbilicals Risers and Flowlines SURF Market along with the current and future growth prospects so as to shed light on the prominent investment pockets.
2. Information regarding key growth factors, constraints, and opportunities, along with their impact analysis on the Oil and Gas Subsea Umbilicals Risers and Flowlines SURF Market is provided.
3. Porter's fives forces analysis elaborates the effectiveness of buyers and suppliers operating in the market, globally and regionally.
4. The qualitative and quantitative analysis of the market from 2019 to 2024 is provided to put forth the market potential.
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Overall, this Oil and Gas Subsea Umbilicals Risers and Flowlines SURF market research report depicts thorough overview of the market, which, in turn, will help the industry participants, consultants, equipment manufacturers, as well as the existing key players searching for potential growth opportunities and the stakeholders to align their market-centric strategies in view of the on-going and projected trends in the coming years.
Key questions answered in the report include:
What will the market size and the growth rate by the end of the forecast period?
What are the key industry trends impacting the growth of the market?
What are the key factors driving and restraining the Oil and Gas Subsea Umbilicals Risers and Flowlines SURF market?
What are the challenges to market growth?
What are the market opportunities and threats faced by the key players in the market?
Who are the leading competitors functioning in the market for a Oil and Gas Subsea Umbilicals Risers and Flowlines SURF?
What are the key outcomes of Porter's five forces analysis of the Oil and Gas Subsea Umbilicals Risers and Flowlines SURF market?
Conclusion:
The report concludes with the profiles of major players in the Oil and Gas Subsea Umbilicals Risers and Flowlines SURF Market. The foremost market performers are accessed on the basis of various parameters such as company overview, product portfolio, and so on., as well as the latest development trends of the Market.
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