Global Oil & Gas Subsea Umbilicals Market Insights and Forecast to 2028

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. Their purpose includes: hydraulic power and chemicals; electric power; and telecommunications (fibre optics). Umbilicals are able to complete an assortment of tasks, including activating wells, managing subsea control panels, feeding information about temperatures, pressures, flows and well integrity back to the surface control teams, supplying hydraulic and electric power to wellheads and manifolds, as well as delivering chemicals to the subsea wells and into the production flows.
Market Analysis and Insights: Global Oil & Gas Subsea Umbilicals Market
Due to the COVID-19 pandemic, the global Oil & Gas Subsea Umbilicals market size is estimated to be worth US$ 3666 million in 2022 and is forecast to a readjusted size of US$ 5379.4 million by 2028 with a CAGR of 6.6% during the review period. Fully considering the economic change by this health crisis, Thermoplastic Hose Umbilical accounting for % of the Oil & Gas Subsea Umbilicals global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Below 500m segment is altered to an % CAGR throughout this forecast period.
Europe is the largest Oil & Gas Subsea Umbilicals market with about 32% market share. North America is follower, accounting for about 26% market share.
The key players are Oceaneering, Aker Solutions, Nexans, Technip, Prysmian, Subsea 7, Vallourec, Parker, Cortland, Orient Cable etc. Top 3 companies occupied about 40% market share.
In terms of production side, this report researches the Oil & Gas Subsea Umbilicals capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Oil & Gas Subsea Umbilicals by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Oil & Gas Subsea Umbilicals Scope and Segment
Oil & Gas Subsea Umbilicals market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Oil & Gas Subsea Umbilicals market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Thermoplastic Hose Umbilical
Steel Tube Umbilical
Power Umbilical
Integrated Services Umbilical
Segment by Application
Below 500m
501m-1000m
1001m-1500m
Above 1500m
By Company
Oceaneering
Aker Solutions
Nexans
Technip
Prysmian
Subsea 7
Vallourec
Parker
Cortland
Orient Cable
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E