Global Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) Sales Market Report 2022
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.
Market Analysis and Insights: Global Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) Market
Due to the COVID-19 pandemic, the global Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) market size is estimated to be worth US$ 6392 million in 2021 and is forecast to a readjusted size of US$ 6392 million by 2028 with a CAGR of 3.9% during the review period. Fully considering the economic change by this health crisis, by Type accounting for % of the Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Type segment is altered to an % CAGR throughout this forecast period.
The major players in global Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) market include Aker Solutions, Technip, FMC Technologies, etc. The top 3 players occupy about 45% shares of the global market. Europe and North America are main markets, they occupy about 70% of the global market. Risers and Flowlines is the main type, with a share about 60%. Deepwater Oil & Gas Fields is the main application, which holds a share about 45%.
Global Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) Scope and Market Size
The global Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) market is segmented by company, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
Segment by Type
Risers and Flowlines
Segment by Application
Shallow Water Oil & Gas Fields
Deepwater Oil & Gas Fields
Ultra Deepwater Oil & Gas Fields
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This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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