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Global Subsea Umbilicals, Risers, and Flow Lines (SURF) Market 2017-2021

Global Subsea Umbilicals, Risers, and Flow Lines (SURF) Market 2017-2021

About Subsea Umbilicals Risers and Flowlines (SURF)

Subsea umbilicals, riser, and flow lines act as a vital link between various operation centers in subsea drilling. They are designed to withstand high mechanical and chemical stresses and high operating temperatures and pressures to ensure the continuous and reliable supply of services in challenging environmental conditions below the sea. The global SURF market is highly dependent on the growth of the upstream oil and gas industry, which, in turn, is dependent on global crude oil prices.

Technavio’s analysts forecast the global subsea umbilicals risers and flowlines (SURF) market to grow at a CAGR of 7.84% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global subsea umbilicals risers and flowlines (SURF) market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Subsea Umbilicals Risers and Flowlines (SURF) Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Aker Solutions
  • Prysmian Group
  • Schlumberger (OneSubsea)
  • TechnipFMC
Other prominent vendors
  • ABB
  • Airborne Oil and Gas
  • Dril-Quip
  • EMAS Offshore
  • FMC Technologies
  • General Electric Company
  • Kongsberg Gruppen
  • McDermott International
  • National Oilwell Varco
  • Nexans
  • Oceaneering International
  • Parker Hannifin
  • Saipem
  • Siemens
  • Subsea 7
  • VALLOUREC
Market driver
  • Deepwater drilling turns economical
  • For a full, detailed list, view our report
Market challenge
  • Uncertainties associated with low crude oil prices
  • For a full, detailed list, view our report
Market trend
  • New-generation automated drilling rigs
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Subsea Umbilicals Risers and Flowlines (SURF) Market 2017-2021

Technavio recognizes the following companies as the key players in the global subsea umbilicals risers and flowlines (SURF) market: Aker Solutions, Prysmian Group, Schlumberger (OneSubsea), and TechnipFMC.

Other Prominent Vendors in the market are: ABB, Airborne Oil and Gas, Dril-Quip, EMAS Offshore, FMC Technologies, General Electric Company, Kongsberg Gruppen, McDermott International, National Oilwell Varco, Nexans, Oceaneering International, Parker Hannifin, Saipem, Siemens, Subsea 7, and VALLOUREC.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is new-generation automated drilling rigs. The recent slump in crude oil prices, which started in July 2014, has led to reduced capital expenditure for exploration activities. The decline in crude oil prices continues to shrink profit margins of upstream companies, thus calling for improving operational efficiencies.”

According to the report, one driver in the market is deepwater drilling turns economical. Oil companies have been exploring oil in far-flung locations since the time conventional oil reserves started to deplete, extracting oil from ultra-deepwater, Arctic offshore, and heavy oil sands. This required significant investments and advanced technologies. The shale boom that led to a sharp decline in oil prices in mid-2014 made it difficult for companies operating in deepwater to extract oil feasibly. Since crude oil prices slipped below the $50/barrel mark, it became almost impossible for companies drilling in deepwater to break-even, since costs incurred in deep sea drilling were high.

Further, the report states that one challenge in the market is uncertainties associated with low crude oil prices. Crude oil has always been one of the most volatile commodities. This volatility in crude oil prices can be attributed to the complex and interweaved value chains and supply chain arrangements that are a result of the over-dependence of almost all world economies on oil. The price of crude oil has witnessed several ups and downs in the past decades. The rise and fall in crude oil prices have followed a vague trend over the past few years, which is now identified as the crude oil price cycle.

Companies Mentioned

Aker Solutions, Prysmian Group, Schlumberger (OneSubsea), TechnipFMC, ABB, Airborne Oil and Gas, Dril-Quip, EMAS Offshore, FMC Technologies, General Electric Company, Kongsberg Gruppen, McDermott International, National Oilwell Varco, Nexans, Oceaneering International, Parker Hannifin, Saipem, Siemens, Subsea 7, and VALLOUREC.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Basic functions of subsea umbilicals, risers, and flow lines
      • Table Current market scenario and future projections of each product type
      • Table Current market scenario and future projections of each region
  • Market landscape
    • Market overview
      • Table Global SURF market
    • Market size and forecast
      • Table Global SURF market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by Product
    • Market segmentation by product type
      • Table Global SURF market by product type 2016 (%)
      • Table Global SURF market by product type 2021 (%)
    • Market share
      • Table Change in market share during the forecast period
    • Flow lines
      • Table Global SURF market by flow lines 2016-2021 ($ billions)
    • Umbilicals
      • Table Global SURF market by umbilicals 2016-2021 ($ billions)
    • Risers
      • Table Global SURF market by risers ($ billions)
      • Table Different types of risers used in oil and gas industry
  • Regional landscape
    • Geographical segmentation
      • Table Americas - market size & forecast
    • Regional comparison
      • Table Regional comparison
    • Americas - market size & forecast
      • Table Americas - market size & forecast
      • Table Americas - Year-over-year growth
      • Table Top 3 countries in Americas
    • EMEA - market size & forecast
      • Table EMEA - market size & forecast
      • Table EMEA - Year-over-year growth
      • Table Top 3 countries in EMEA
    • APAC - market size & forecast
      • Table APAC - market size & forecast
      • Table APAC - Year-over-year growth
      • Table Top 3 countries in APAC
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global liquid fuel consumption 2007-2018 (mbpd)
    • Market challenges
      • Table Global crude oil price volatility over last decade
  • Market trends
    • New-generation automated drilling rigs
    • Laser drilling technology in oil and gas industry
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • Aker Solutions
      • Table Aker Solutions: Product portfolio
    • Prysmian Group
      • Table Prysmian Group: Product portfolio
    • Schlumberger (OneSubsea)
      • Table Schlumberger (OneSubsea): Product portfolio
    • TechnipFMC
      • Table TechnipFMC: Product portfolio
  • Appendix
    • List of abbreviations
  • Explore Technavio

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