Press Release

Global Subsea Umbilicals, Risers, and Flow Lines (SURF) market Business Prospects, Development Status, Upcoming Opportunities and Growth Forecast

Global Subsea Umbilicals, Risers, and Flow Lines (SURF) market Business Prospects, Development Status, Upcoming Opportunities and Growth Forecast

WiseGuyReports have announced the addition of a new report titled “Global Subsea Umbilicals, Risers, and Flow Lines (SURF) Market Research Report 2019”.

Global Subsea Umbilicals, Risers, and Flow Lines (SURF) market 2019-2025 

The global Subsea Umbilicals, Risers, and Flow Lines (SURF) market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Subsea Umbilicals, Risers, and Flow Lines (SURF) volume and value at global level, regional level and company level. From a global perspective, this report represents overall Subsea Umbilicals, Risers, and Flow Lines (SURF) market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan. The flowline is also called the production line or import line in some cases and is separate from the pipeline system. Risers connect the flowlines to the surface facility. They provide transportation of the production fluid, as well as transporting injection fluids, control fluids and gas lift to the subsea system.
Escalating demand for oil and gas coupled with increasing deep sea developments has facilitated growth in the market for SURF (subsea umbilical, riser and flowline). Increasing demand for using capital intensive techniques in unconventional sources, and increase in deep water explorations to increase oil productivity has further accelerated SURF installations in the offshore oil and gas production projects.

Global Market Outline: Subsea Umbilicals, Risers, and Flow Lines (SURF) Market

Equipment commonly refers to tools, machinery, and other objects that are generally used to accomplish a particular task. Equipment is mainly used in the construction and manufacturing industrial sectors.

The industry is one of the primary drivers of many global economies, and introduces many breakthroughs globally, by combining significant technologies of electronics, materials, robotics, and software, in order to ensure the product and service efficiency offered by the equipment industry. There is a constant demand from these industries, which maintains the high revenue generation of the equipment industry.

In this study, the years considered to estimate the market size of Subsea Umbilicals, Risers, and Flow Lines (SURF) are as follows:

History Year: 2013-2017

Base Year: 2017

Estimated Year: 2019

Forecast Year 2019 to 2025

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The key players covered in this study

Prysmian group
Aker Solutions
Technip FMC
McDermott International
Ocean Installer
Actuant Corporation

Market segment by Type, the product can be split into

Flow lines
Umbilicals
Risers

Market segment by Application, split into

Oil Industry
Natural Gas Industry
Others

Market segment by Regions/Countries, this report covers

United States

Europe

China

Japan

Southeast Asia

India

Central & South America

Market size by Region

North America

United States

Canada

Mexico

Asia-Pacific

China

India

Japan

South Korea

Australia

Indonesia

Singapore

Malaysia

Philippines

Thailand

Vietnam

Europe

Germany

France

UK

Italy

Spain

Russia

Central & South America

Brazil

Rest of Central & South America

Middle East & Africa

GCC Countries

Turkey

Egypt

South Africa

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This report includes the estimation of market size for value (million US$) and volume (K MT). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Subsea Umbilicals, Risers, and Flow Lines (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.

The study objectives of this report are:

To study and analyze the global Subsea Umbilicals, Risers, and Flow Lines (SURF) market size (value & volume) by company, key regions/countries, products and application, history data from 2013 to 2017, and forecast to 2025.

To understand the structure of Subsea Umbilicals, Risers, and Flow Lines (SURF) market by identifying its various sub-segments.

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 Subsea Umbilicals, Risers, and Flow Lines (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 Subsea Umbilicals, Risers, and Flow Lines (SURF) with respect to individual growth trends, future prospects, and their contribution to the total market.

To project the value and volume of Subsea Umbilicals, Risers, and Flow Lines (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.

Economic Growth and Investments

Healthy macroeconomic growth with growing income per capita owing to the expanding working class globally, favorable demographics with the growing number of the skilled labor force are supporting the industry. The growth in public infrastructure and urbanization projects are serving as an opportunity for smaller sized construction machinery, and subsequently increased the demand for construction equipment globally. Investments towards infrastructural development, construction sector, and rise in the mining industry consequently contribute to the growth of the equipment industry.

Additionally, technological advancements in the industry in order to improve the quality and efficiency of equipment is fueling the investment towards research and development activities.

The governments of multiple countries are contributing to the growth of the equipment industry by increasing their expenditure on the infrastructural development of residential areas, highways, bridges to improve regional connectivity, in the nations, especially in developing countries.

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