Introduction
The oil and gas industry is one of the most important industries in the world. It’s responsible for providing energy to power our homes, businesses, and vehicles. And while there are many different aspects to this industry, one of the most critical is subsea umbilicals, risers, and flowlines (SURF). SURF systems are used to transport oil and gas from the seabed to an offshore platform or facility. These systems are essential for the safe and efficient operation of offshore oil and gas facilities. The global oil and gas SURF market is expected to grow at a CAGR of 5.5% from 2022 to 2029. This growth is being driven by the increasing demand for oil and gas, as well as the need for more efficient transportation methods.
Market Overview
The oil and gas industry is one of the most important industries in the world economy. The industry includes many upstream and downstream activities starting from the extraction of crude oil and natural gas to refining them into various finished products such as gasoline, propane, etc. Subsea umbilicals, risers & flowlines (SURF) play an important role in this industry by connecting offshore oil & gas production facilities with onshore refineries through a network of pipelines.
The SURF market is classified into three segments namely, umbilicals, risers and flowlines. Umbilicals are flexible pipes that connect subsea equipment with surface facilities. Risers are used to connect subsea equipment with floating production platforms. Flowlines are used to transport hydrocarbons from subsea wells to processing facilities. The rising demand for energy coupled with technological advancement in the oil and gas industry is expected to drive the growth of SURF market during the forecast period.
Government initiatives such as Make in India campaign launched by the Indian government and National Offshore Wind Strategy released by the US Department of Energy are some of the factors that are expected to create huge demand for SURF in near future. Some of the key players operating in this market include Aker Solutions
Market Opportunities
The global oil and gas subsea umbilicals, risers & flowlines (SURF) market is expected to grow at a CAGR of 4.13% during the forecast period from 2019 to 2027. The market was valued at USD 10.79 billion in 2018 and is projected to reach USD 14.40 billion by 2027.
The growth of the SURF market is primarily driven by the increasing offshore oil and gas exploration activities, coupled with the rising demand for energy. Additionally, the development of new fields and the extension of existing ones are also anticipated to fuel the market growth over the forecast period. However, the high installation cost associated with SURF systems is expected to restrain market growth in the coming years.
The SURF market has been segmented on the basis of components, location, water depth, application, and region. On the basis of components, the market has been bifurcated into umbilicals, risers & flowlines (SURF), and subsea connectors & jumpers. Among these segments, umbilicals held a dominant position in 2018 owing to their wide use in deepwater applications for transmitting hydraulic power as well as electrical and fiber optic signals between subsea equipment and surface facilities. Based on location, the global SURF market has been divided into onshore and offshore segments. The offshore segment led the overall SURF market in 2018 due to a growing number of offshore oil & gas exploration activities
Report Includes
An overview of the global Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) Industry market, and related technologies and developments. Analyses of global market trends, with historical data from 2018, 2019, and 2020 estimates and projections of CAGRs through 2029. It also includes breakdowns of the overall Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) Industry market along with various segments, and by geographic region. Analysis of the stakeholder value chain in the Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) Industry market and comprehensive profiles of leading companies in the industry
Report Scope
The report forecasts the size of the Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) Industry market for components from 2022 through 2029
The Executive Summary provides a snapshot of the key findings of the report. The introduction chapter includes the research scope, market segmentation, research methodology, and definitions and assumptions. It involves extremely rigorous scientific methods, tools, and techniques to estimate the market size. Exhaustive secondary research is being carried out to collect information related to the market, the parent market, and the peer market. Primary research is undertaken to validate the assumptions, findings, and sizing with industry experts and professionals across the value chain of the market. Both top-down and bottom-up approaches are employed to estimate the complete market size.
The chapter on market dynamics includes market drivers, restraints, and opportunities which helps familiarise with market potential and upcoming opportunities. The chapter on key insights includes emerging trends from major countries, latest technological advancement, regulatory landscape, SWOT analysis, and porters five forces analysis. This chapter provides detailed insights into the market, which derives the market trends, changing phase of investments, scope of profit potential, and helps to take appropriate business decisions. The chapter on competitive analysis includes profiling of leading companies in the global market to map the leading companies and their focus of interest in the market.
After deriving the market size from the market size estimation process, the total market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments, data triangulation and market breakdown procedures is being used. The data triangulation is carried out by studying various factors and trends from demand and supply perspectives.
Segmentation Analysis:
The Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) Industry market is segmented on the basis of Type, Application , and Region.
Global Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) Industry Market Competitive Analysis:
Key players in the Global Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) Industry market are Aker Solutions, Technip, FMC Technologies, Prysmian Group, Vallourec, Nexans, JDR, Oceaneering, and other players.
*All our reports are customizable as per customer requirements
This study forecasts revenue and volume growth at global, regional, and country levels from 2018 to 2029. Global Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) Industry market is distributed on the basis of the below-mentioned segments:
Global Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) Industry Market, By Type:
The oil and gas industry is one of the most important industries in the world. It’s responsible for providing energy to power our homes, businesses, and vehicles. And while there are many different aspects to this industry, one of the most critical is subsea umbilicals, risers, and flowlines (SURF). SURF systems are used to transport oil and gas from the seabed to an offshore platform or facility. These systems are essential for the safe and efficient operation of offshore oil and gas facilities. The global oil and gas SURF market is expected to grow at a CAGR of 5.5% from 2022 to 2029. This growth is being driven by the increasing demand for oil and gas, as well as the need for more efficient transportation methods.
Market Overview
The oil and gas industry is one of the most important industries in the world economy. The industry includes many upstream and downstream activities starting from the extraction of crude oil and natural gas to refining them into various finished products such as gasoline, propane, etc. Subsea umbilicals, risers & flowlines (SURF) play an important role in this industry by connecting offshore oil & gas production facilities with onshore refineries through a network of pipelines.
The SURF market is classified into three segments namely, umbilicals, risers and flowlines. Umbilicals are flexible pipes that connect subsea equipment with surface facilities. Risers are used to connect subsea equipment with floating production platforms. Flowlines are used to transport hydrocarbons from subsea wells to processing facilities. The rising demand for energy coupled with technological advancement in the oil and gas industry is expected to drive the growth of SURF market during the forecast period.
Government initiatives such as Make in India campaign launched by the Indian government and National Offshore Wind Strategy released by the US Department of Energy are some of the factors that are expected to create huge demand for SURF in near future. Some of the key players operating in this market include Aker Solutions
Market Opportunities
The global oil and gas subsea umbilicals, risers & flowlines (SURF) market is expected to grow at a CAGR of 4.13% during the forecast period from 2019 to 2027. The market was valued at USD 10.79 billion in 2018 and is projected to reach USD 14.40 billion by 2027.
The growth of the SURF market is primarily driven by the increasing offshore oil and gas exploration activities, coupled with the rising demand for energy. Additionally, the development of new fields and the extension of existing ones are also anticipated to fuel the market growth over the forecast period. However, the high installation cost associated with SURF systems is expected to restrain market growth in the coming years.
The SURF market has been segmented on the basis of components, location, water depth, application, and region. On the basis of components, the market has been bifurcated into umbilicals, risers & flowlines (SURF), and subsea connectors & jumpers. Among these segments, umbilicals held a dominant position in 2018 owing to their wide use in deepwater applications for transmitting hydraulic power as well as electrical and fiber optic signals between subsea equipment and surface facilities. Based on location, the global SURF market has been divided into onshore and offshore segments. The offshore segment led the overall SURF market in 2018 due to a growing number of offshore oil & gas exploration activities
Report Includes
An overview of the global Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) Industry market, and related technologies and developments. Analyses of global market trends, with historical data from 2018, 2019, and 2020 estimates and projections of CAGRs through 2029. It also includes breakdowns of the overall Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) Industry market along with various segments, and by geographic region. Analysis of the stakeholder value chain in the Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) Industry market and comprehensive profiles of leading companies in the industry
Report Scope
The report forecasts the size of the Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) Industry market for components from 2022 through 2029
The Executive Summary provides a snapshot of the key findings of the report. The introduction chapter includes the research scope, market segmentation, research methodology, and definitions and assumptions. It involves extremely rigorous scientific methods, tools, and techniques to estimate the market size. Exhaustive secondary research is being carried out to collect information related to the market, the parent market, and the peer market. Primary research is undertaken to validate the assumptions, findings, and sizing with industry experts and professionals across the value chain of the market. Both top-down and bottom-up approaches are employed to estimate the complete market size.
The chapter on market dynamics includes market drivers, restraints, and opportunities which helps familiarise with market potential and upcoming opportunities. The chapter on key insights includes emerging trends from major countries, latest technological advancement, regulatory landscape, SWOT analysis, and porters five forces analysis. This chapter provides detailed insights into the market, which derives the market trends, changing phase of investments, scope of profit potential, and helps to take appropriate business decisions. The chapter on competitive analysis includes profiling of leading companies in the global market to map the leading companies and their focus of interest in the market.
After deriving the market size from the market size estimation process, the total market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments, data triangulation and market breakdown procedures is being used. The data triangulation is carried out by studying various factors and trends from demand and supply perspectives.
Segmentation Analysis:
The Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) Industry market is segmented on the basis of Type, Application , and Region.
Global Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) Industry Market Competitive Analysis:
Key players in the Global Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) Industry market are Aker Solutions, Technip, FMC Technologies, Prysmian Group, Vallourec, Nexans, JDR, Oceaneering, and other players.
*All our reports are customizable as per customer requirements
This study forecasts revenue and volume growth at global, regional, and country levels from 2018 to 2029. Global Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) Industry market is distributed on the basis of the below-mentioned segments:
Global Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) Industry Market, By Type:
- Umbilicals
- Risers and Flowlines
- Shallow Water Oil & Gas Fields
- Deepwater Oil & Gas Fields
- Ultra-Deepwater Oil & Gas Fields
- Others
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
OIL & GAS SUBSEA UMBILICALS, RISERS & FLOWLINES (SURF) INDUSTRY MARKET STUDY GLOBAL MARKET ANALYSIS, INSIGHTS AND FORECAST, 2020-2027
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) Industry Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Segment 1
- 5.2.1. Sub-Segment 1
- 5.2.2. Sub-Segment 2
- 5.3. Market Analysis, Insights and Forecast – By Segment 2
- 5.3.1. Sub-Segment 1
- 5.3.2. Sub-Segment 2
- 5.3.3. Sub-Segment 3
- 5.3.4. Others
- 5.4. Market Analysis, Insights and Forecast – By Segment 3
- 5.4.1. Sub-Segment 1
- 5.4.2. Sub-Segment 2
- 5.4.3. Sub-Segment 3
- 5.4.4. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Latin America
- 5.5.3. Europe
- 5.5.4. Asia Pacific
- 5.5.5. Middle East and Africa
6. North America Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) Industry Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Segment 1
- 6.2.1. Sub-Segment 1
- 6.2.2. Sub-Segment 2
- 6.3. Market Analysis, Insights and Forecast – By Segment 2
- 6.3.1. Sub-Segment 1
- 6.3.2. Sub-Segment 2
- 6.3.3. Sub-Segment 3
- 6.3.4. Others
- 6.4. Market Analysis, Insights and Forecast – By Segment 3
- 6.4.1. Sub-Segment 1
- 6.4.2. Sub-Segment 2
- 6.4.3. Sub-Segment 3
- 6.4.4. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Latin America Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) Industry Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Segment 1
- 7.2.1. Sub-Segment 1
- 7.2.2. Sub-Segment 2
- 7.3. Market Analysis, Insights and Forecast – By Segment 2
- 7.3.1. Sub-Segment 1
- 7.3.2. Sub-Segment 2
- 7.3.3. Sub-Segment 3
- 7.3.4. Others
- 7.4. Market Analysis, Insights and Forecast – By Segment 3
- 7.4.1. Sub-Segment 1
- 7.4.2. Sub-Segment 2
- 7.4.3. Sub-Segment 3
- 7.4.4. Others
- 7.5. Insights and Forecast – By Country
- 7.5.1. Brazil
- 7.5.2. Mexico
- 7.5.3. Rest of Latin America
8. Europe Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) Industry Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Segment 1
- 8.2.1. Sub-Segment 1
- 8.2.2. Sub-Segment 2
- 8.3. Market Analysis, Insights and Forecast – By Segment 2
- 8.3.1. Sub-Segment 1
- 8.3.2. Sub-Segment 2
- 8.3.3. Sub-Segment 3
- 8.3.4. Others
- 8.4. Market Analysis, Insights and Forecast – By Segment 3
- 8.4.1. Sub-Segment 1
- 8.4.2. Sub-Segment 2
- 8.4.3. Sub-Segment 3
- 8.4.4. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. UK
- 8.5.2. Germany
- 8.5.3. France
- 8.5.4. Italy
- 8.5.5. Spain
- 8.5.6. Russia
- 8.5.7. Rest of Europe
9. Asia Pacific Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) Industry Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Segment 1
- 9.2.1. Sub-Segment 1
- 9.2.2. Sub-Segment 2
- 9.3. Market Analysis, Insights and Forecast – By Segment 2
- 9.3.1. Sub-Segment 1
- 9.3.2. Sub-Segment 2
- 9.3.3. Sub-Segment 3
- 9.3.4. Others
- 9.4. Market Analysis, Insights and Forecast – By Segment 3
- 9.4.1. Sub-Segment 1
- 9.4.2. Sub-Segment 2
- 9.4.3. Sub-Segment 3
- 9.4.4. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. China
- 9.5.2. India
- 9.5.3. Japan
- 9.5.4. Australia
- 9.5.5. South East Asia
- 9.5.6. Rest of Asia Pacific
10. Middle East & Africa Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) Industry Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Segment 1
- 10.2.1. Sub-Segment 1
- 10.2.2. Sub-Segment 2
- 10.3. Market Analysis, Insights and Forecast – By Segment 2
- 10.3.1. Sub-Segment 1
- 10.3.2. Sub-Segment 2
- 10.3.3. Sub-Segment 3
- 10.3.4. Others
- 10.4. Market Analysis, Insights and Forecast – By Segment 3
- 10.4.1. Sub-Segment 1
- 10.4.2. Sub-Segment 2
- 10.4.3. Sub-Segment 3
- 10.4.4. Others
- 10.5. Market Analysis, Insights and Forecast – By Country
- 10.5.1. GCC
- 10.5.2. South Africa
- 10.5.3. Rest of Middle East & Africa
11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2018
- 11.2. Key Industry Developments
- 11.3. Company Profile
- 11.3.1. Company 1
- 11.3.1.1. Business Overview
- 11.3.1.2. Segment 1 & Service Offering
- 11.3.1.3. Overall Revenue
- 11.3.1.4. Geographic Presence
- 11.3.1.5. Recent Development
- 11.3.2. Company 2
- 11.3.3. Company 3
- 11.3.4. Company 4
- 11.3.5. Company 5
- 11.3.6. Company 6
- 11.3.7. Company 7
- 11.3.8. Company 8
- 11.3.9. Company 9
- 11.3.10. Company 10
- 11.3.11. Company 11
- 11.3.12. Company 12
- 11.3.13. Company 13
- 11.3.1. Company 1
Research Process
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
