Subsea Umbilicals Risers and Flowlines Market Analysis

Depth (Shallow Water, Deep Water, Ultra Deep Water)

The global subsea umbilical’s, risers and flowlines (SURF) market is segmented and analyzed for demand and supply by depth into shallow water, deep water, and ultra deep water. Out of the three segments, the deep-water segment is estimated to gain the largest market share over the projected time frame. The growth of the segment can be attributed to the increasing demand for fossil fuels. For instance, the exploration and production sector has been forced to drill in deep seas between 1000 and 5000 feet to meet the demand for oil and gas. Further, increased deepwater oil and gas exploration with midstream oil and gas equipments for the production are anticipated to be driven by growing investments and soaring demand for oil and gas exports mostly in the Middle East region. This, as a result, is anticipated to create numerous opportunities for the growth of the segment in the coming years. According to recent estimates, currently more than 60% of all global energy demand is met by the use of fossil fuels.

Product Type (Umbilicals, Risers, Flowlines)

The global subsea umbilical’s, risers and flowlines (SURF) market is also segmented and analyzed for demand and supply by product type into subsea umbilical’s, risers, and flowlines. Amongst these three segments, the flowlines segment is expected to garner a significant share. Fluids are transported by flowlines in the oil and gas sector between a wellhead and a collection station. Raw crude oil, and natural gas is transported using flowlines. These devices are more in demand than other SURFs since they are more affordable, shorter, and don't require a costly long-distance cable connection. As a result, it is projected that this would generate lots of prospects for the segment's growth in the years to come.

Our in-depth analysis of the global market includes the following segments: