Global Oil & Gas Subsea Umbilicals 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. 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$ 3421 million in 2021 and is forecast to a readjusted size of US$ 3421 million by 2028 with a CAGR of 6.6% during the review period. Fully considering the economic change by this health crisis, by Type 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 by Type 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.
Global Oil & Gas Subsea Umbilicals Scope and Market Size
The global Oil & Gas Subsea Umbilicals market is segmented by company, region (country), 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 sales, revenue and forecast by region (country), 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 Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
By Company
Oceaneering
Aker Solutions
Nexans
Technip
Prysmian
Subsea 7
Vallourec
Parker
Cortland
Orient Cable