Global SURF (Subsea Umbilicals, Risers and Flowlines) Market: Analysis By Type, By Region, By Country: Opportunities and Forecast (2017-2022)

Date: 23 September 2017

Declining crude oil prices coupled with the increasing efforts for restoration of mature fields is diverting oil and gas industry players to explore unconventional oil and gas reservoirs in deep sea. Low crude oil prices and surplus oil in market delayed the projects during 2014-2016 which declined the exploration and production activities. However, increasing deep sea developments for hydrocarbons have been triggering the offshore market further driving the demand for SURF. Moreover, increase in number of deep-sea production activities with delayed projects and newly proposed plans of oil and gas exploration and production is further anticipated to boost the overall SURF market in the coming years. 

 

According to Azoth Analytics research report, Global SURF (Subsea Umbilicals, Risers and Flowlines) Market: Analysis By Type, By Region, By Country: Opportunities and Forecast(2017-2022) - By Type (Umbilicals, Risers, Flowlines), By Region (N. America, S. America, Africa, Europe, Middle East, APAC), By Country (U.S., Mexico, Brazil, Argentina, U.K., Norway, Angola,Nigeria, Australia, China and Saudi Arabia)”,  global market is projected to grow at CAGR of 12.49 % during 2017 – 2022. The growth is driven by increasing concerns for depleting oil and gas reserves, rising energy demand, increasing demand for exploring unconventional reserves and growing techniques for offshore E&P activities.

 

Among all the types flowlines hold major share of the overall market. South America dominated the revenue contribution share in 2016 and the region is forecast to continue its domination through 2022.However, APAC and Middle East is predicted to advance at the highest rate,mainly driven by the growing economies in China, Australia and Saudi Arabia in the regions.

 

The report titled, Global SURF (Subsea Umbilicals, Risers and Flowlines) Market: Analysis By Type, By Region, By Country: Opportunities and Forecast (2017-2022) - By Type (Umbilicals, Risers,  Flowlines), By Region (N. America, S. America,Africa, Europe, Middle East, APAC), By Country (U.S., Mexico, Brazil,Argentina, U.K., Norway, Angola, Nigeria, Australia, China and Saudi Arabia) has covered and analysed the potential of Global SURF Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decisionmakers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global SURF market.

 

A comprehensive research report created through extensive primary research(inputs from industry experts, companies, stakeholders) and secondary research,the report aims to present the analysis of Global SURF Market By Region (N. America, S. America, Africa, Europe, Middle East and APAC) and By Country (U.S., Mexico, Brazil, Argentina, U.K., Norway, Angola, Nigeria,Australia, China and Saudi Arabia). 

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