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.
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 global Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) market was 5180 million US$ in 2018 and is expected to 7010 million US$ by the end of 2025, growing at a CAGR of 3.9% between 2019 and 2025.
This report studies the Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
By the product type, the market is primarily split into
Risers and Flowlines
By the end users/application, this report covers the following segments
Shallow Water Oil & Gas Fields
Deepwater Oil & Gas Fields
Ultra Deepwater Oil & Gas Fields
We can also provide the customized separate regional or country-level reports, for the following regions:
Rest of Asia-Pacific
Rest of Europe
Central & South America
Rest of Central & South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives of this report are:
To study and analyze the global Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) market size (value & volume) by company, key regions/countries, products and application, history data from 2014 to 2018, and forecast to 2025.
To understand the structure of Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
This report includes the estimation of market size for value (million USD) and volume (Km). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Raw material suppliers
Regulatory bodies, including government agencies and NGO
Commercial research & development (R&D) institutions
Importers and exporters
Government organizations, research organizations, and consulting firms
Trade associations and industry bodies
With the given market data, offers customizations according to the company's specific needs. The following customization options are available for the report:
Further breakdown of Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) market on basis of the key contributing countries.
Detailed analysis and profiling of additional market players.