Subsea Umbilicals, Risers and Flowlines (SURF) Market

1. Global Subsea Umbilicals, Risers, and Flowlines (SURF) Market to Witness Growth by a CAGR of ~7% throughout 2022 – 2030 Ascribing to the Rising Demand for Oil and Gas Across the World Research Nester published a report titled “Subsea Umbilicals, Risers and Flowlines (SURF)Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers a detailed overview of the global subsea umbilicals, risers and flowlines (SURF) market in terms of market segmentation by product type, depth, and by region. Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with a detailed discussion on current and future market trends that are associated with the growth of the market.

2. The global subsea umbilicals, risers and flowlines (SURF) market is estimated to occupy a large revenue by growing at a CAGR of ~7% during the forecast period, i.e., 2022 – 2030, owing to the escalating demand for oil and gas globally, and rising emphasis on deep sea developments. Apart from these, a growing number of deep-water exploration activities for improving oil productivity is also expected to drive market growth in the forthcoming years. The market is segmented by product type and depth. Based on product type, the subsea umbilicals segment is anticipated to grab the largest market share during the forecast period on the back of high reliability and cost-effectiveness to transfer chemical fluid and electric signals efficiently. Additionally, by depth, the deep-water segment is projected to gather the largest share over the forecast period ascribing to the increasing investments in deep hydrocarbon fields. Geographically, the global subsea umbilicals, risers, and flowlines (SURF) market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America is evaluated to grab the largest share in the market during the forecast period attributing to the increasing investments in explorations for new crude oil discoveries and enhanced oil recovery, and rising automation of drilling operations in the region. Moreover, the market in Asia Pacific is projected to witness noteworthy growth during the forecast period ascribing to the rapidly growing urbanization and industrialization. The research is global in nature and covers a detailed analysis of the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy,

3. Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook, etc. have also been covered and displayed in the research report. Rising Demand for Oil and Gas Worldwide to Drive Market Growth A report by the International Energy Agency suggests that the total oil demand was 4,428 million tons and 4,408 million tons in 2018 and 2017 respectively, which grew up to 4,456 million tons by the end of 2019. As the slope of demand for oil and gas has been on the rise since the last 2 decades, the need for efficient systems that can seamlessly bring crude oil and gas to the processing plants is rising, coupled with increasing investments for subsea umbilicals. These factors in turn are considered to be of significance, in terms of driving boosted sales to the market in the near future. However, the large cost of offshore drilling is expected to operate as a key restraint to the growth of the global subsea umbilicals, risers, and flowlines (SURF) market over the forecast period.

4. This report also provides the existing competitive scenario of some of the key players of the global subsea umbilicals, risers and flowlines (SURF) market which includes company profiling of DeepOcean Group Holding BV, Prysmian S.p.A., McDermott International Inc., Actuant Corporation, Technip S.A., Saipem S.p.A., Subsea 7 S.A., Ocean Installer AS, Aker Solutions ASA, Vallourec S.A., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global subsea umbilicals, risers, and flowlines (SURF) market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future. Request Report Sample@ https://www.researchnester.com/sample-request-3604 Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided the right guidance at the right time is available through strategic minds. Our out-of-the-box thinking helps our clients to make wise decisions in order to avoid future uncertainties. Contact for more Info:

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