The key driving factors responsible for the growth of global subsea umbilical risers and flowline market include
growth in offshore field development owing to technological developments allowing safe operations and
efficient interconnections between top platforms and vessels to wellheads mounted on seabed. Additionally,
recovery in crude oil costs to enhance offshore exploration and production activities is expected to boost the
market growth.
Moreover, technological innovations in line with oil field service companies providing reasonable discounts are
anticipated to boost the market growth. On the basis of application, the global subsea umbilical risers and
flowline market is segmented into shallow water oil & gas fields, deepwater oil & gas fields, Ultrawater
deepwater oil & gas fields.
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On the basis of geographic segmentation, the global subsea umbilical risers and flowline market spans North
America, Latin America, Europe, Middle-East, Asia-Pacific and Africa. Middle-East regions are anticipated to
grow during the significant period owing to presence of oil-fields and oil-wells in the region. North America is
anticipated to grow during the forecast period in terms of value and safety. APAC regions such as China, India
and Japan are estimated to witness a higher CAGR growth during the forecast period.
The key players in the global subsea umbilical risers and flowline market include ABB Ltd, Airborne Oil & Gas
B.V., CAMERON INTERNATIONAL CORPORATION, Aker Solutions ASA, Dril-Quip Inc, EMAS Offshore Limited,
General Electric Company, Konsberg Gruppen, McDermott Internation Inc, National Oilwell Varco Inc, Nexans
SA, Prysmian S.p.A, Saipem SpA, Oceaneeing International Inc, Siemens AG, Subsea 7 SA, Technip, and Vallourec.
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