Market Overview:
The global offshore drilling riser market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for oil and gas across the globe. Additionally, the increasing investment in offshore drilling activities is also contributing to the growth of this market. The global offshore drilling riser market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into marine drilling risers and tie-back drilling risers. Marine drilling risers are used for deepwater applications, whereas tie-back drilling risers are used for shallow water applications. On the basis of application, it can be classified into shallow water, deep water, and ultra deep water segments. Shallow water segment dominates this market owing to high exploration & production activities in this region as compared to other regions such as Europe and Asia Pacific . North America accounted for majority share in terms revenue generated by this market due increased spending by oilfield service providers on new technology & equipment upgradation that would result improved efficiency during operations across various basins located off U S coasts .
Product Definition:
Offshore drilling risers are pipes that connect the drill bit on the ocean floor to the drilling platform. They are typically made of steel and can be quite large in diameter. Offshore drilling risers are important because they allow oil and gas companies to extract resources from beneath the ocean floor. Without them, it would be difficult or impossible to drill into these depths.
Marine Drilling Riser:
The marine drilling riser is a device used to raise and lower the drill string in the wellbore. It consists of a series of tubes connected by valves which open and close as required to allow circulation between the surface pressure, borehole pressure and downhole environment. The product has gained wide acceptance globally due to its ability to reduce risks associated with blowouts, overbalanced loads, lost circulation or stuck pipes at high depth which can lead to loss of life or equipment.
Tie-back Drilling Riser:
A tie-back drilling riser is a device used to raise the equipment into position for performing operations such as drilling and well testing. It consists of a long metal arm with a bend at the end, which is attached to the rig floor by means of heavy-duty clamps or hitches. The drill string is then connected to this riser using one or more short pieces known as pigging arms.
Application Insights:
The global offshore drilling riser market is segmented by application into shallow water, deep water and ultra-deep water. In 2017, the shallow water segment dominated the overall industry with a revenue share of over 60%. The dominance is attributed to factors such as low cost and easy availability of equipment in comparison to other regions.
Ultra-deepwater was the fastest growing application in 2017 owing to technological advancements that have led to an increase in drilling activities for oil & gas exploration at great depths below sea level. Drilling operations at such extreme depths require specialized equipment including long steel pipes that can withstand high pressure without getting bent or breaking. This has led to an increased demand for riser systems from ultra-deepwater applications over the past few years.
Regional Analysis:
North America dominated the global offshore drilling riser market in 2017. The region is expected to witness moderate growth over the forecast period owing to stringent government regulations regarding offshore drilling activities and rising awareness among people about potential hazards of oil spills. However, increasing deepwater exploration activities in this region are anticipated to drive regional demand for well intervention services, thereby driving industry growth.
Asia Pacific is estimated to be the fastest-growing regional market from 2018 to 2030 owing high economic development along with growing energy demand in emerging countries such as China and India. In addition, increasing number of new projects off the coast of China is further expected boost industry expansion over next eight years.
Growth Factors:
- Increasing demand for oil and gas due to population growth and industrialization in developing countries
- Rising investment in offshore drilling activities by oil and gas companies to explore new reserves
- Proliferation of deepwater drilling projects across the globe as energy companies shift their focus towards unconventional reserves
- Development of advanced riser systems that can withstand harsh environmental conditions for deepwater drilling operations
- Growing concerns over climate change and its impact on the environment, which is likely to lead to increased investments in renewable energy sources
Scope Of The Report
Report Attributes
Report Details
Report Title
Offshore Drilling Riser Market Research Report
By Type
Marine Drilling Riser, Tie-back Drilling Riser
By Application
Shallow Water, Deep Water, Ultra Deep Water
By Companies
Tenaris, Schlumberger, Aker Solutions, Parker Hannifin, Dril-Quip, Baker Hughes, a GE Company, Claxton Engineering, SUBSEA 7, Weatherford, TechnipFMC
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Offshore Drilling Riser Market Report Segments:
The global Offshore Drilling Riser market is segmented on the basis of:
Types
Marine Drilling Riser, Tie-back Drilling Riser
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Shallow Water, Deep Water, Ultra Deep Water
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Tenaris
- Schlumberger
- Aker Solutions
- Parker Hannifin
- Dril-Quip
- Baker Hughes, a GE Company
- Claxton Engineering
- SUBSEA 7
- Weatherford
- TechnipFMC
Highlights of The Offshore Drilling Riser Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Marine Drilling Riser
- Tie-back Drilling Riser
- By Application:
- Shallow Water
- Deep Water
- Ultra Deep Water
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Offshore Drilling Riser Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An offshore drilling riser is a long, thin tube that is inserted into the ground to help drillers reach deep underground.
Some of the major companies in the offshore drilling riser market are Tenaris, Schlumberger, Aker Solutions, Parker Hannifin, Dril-Quip, Baker Hughes, a GE Company, Claxton Engineering, SUBSEA 7, Weatherford, TechnipFMC.
The offshore drilling riser market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Offshore Drilling Riser Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Offshore Drilling Riser Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Offshore Drilling Riser Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Offshore Drilling Riser Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Offshore Drilling Riser Market Size & Forecast, 2020-2028
4.5.1 Offshore Drilling Riser Market Size and Y-o-Y Growth
4.5.2 Offshore Drilling Riser Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Marine Drilling Riser
5.2.2 Tie-back Drilling Riser
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Shallow Water
6.2.2 Deep Water
6.2.3 Ultra Deep Water
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Offshore Drilling Riser Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Offshore Drilling Riser Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Marine Drilling Riser
9.6.2 Tie-back Drilling Riser
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Shallow Water
9.10.2 Deep Water
9.10.3 Ultra Deep Water
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Marine Drilling Riser
10.6.2 Tie-back Drilling Riser
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Shallow Water
10.10.2 Deep Water
10.10.3 Ultra Deep Water
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Marine Drilling Riser
11.6.2 Tie-back Drilling Riser
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Shallow Water
11.10.2 Deep Water
11.10.3 Ultra Deep Water
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Marine Drilling Riser
12.6.2 Tie-back Drilling Riser
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Shallow Water
12.10.2 Deep Water
12.10.3 Ultra Deep Water
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Marine Drilling Riser
13.6.2 Tie-back Drilling Riser
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Shallow Water
13.10.2 Deep Water
13.10.3 Ultra Deep Water
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Offshore Drilling Riser Market: Competitive Dashboard
14.2 Global Offshore Drilling Riser Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Tenaris
14.3.2 Schlumberger
14.3.3 Aker Solutions
14.3.4 Parker Hannifin
14.3.5 Dril-Quip
14.3.6 Baker Hughes, a GE Company
14.3.7 Claxton Engineering
14.3.8 SUBSEA 7
14.3.9 Weatherford
14.3.10 TechnipFMC
