Market Overview:
The global oil & gas subsea umbilicals, risers & flowlines (SURF) 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. In addition, the increasing investment in offshore exploration and production is also contributing to the growth of this market. The SURF market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into 2 mg, 10 mg, 15 mg, and 20 mg segments. The 10 mg segment is expected to hold a major share in terms of revenue in 2018 owing to its high demand from various applications such as acute coronary syndrome (ACS) and venous thromboembolism (VTE). On the basis of application, it can be classified into onshore and offshore segments.
 Industry Outlook.svg)
Product Definition:
Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) is a term used to describe the systems and equipment that are used to bring oil and gas from the seabed to the surface for collection. The systems include pipelines, risers, umbilicals, and flowlines.
2.5 mg:
2.5 mg is a low concentration of salt solution used in the oil & gas industry for seawater desalination to produce fresh water. The process involves reverse osmosis, where the saltwater is forced through a membrane filter by pressure and electrical current, leaving freshwater behind. Freshwater produced can be used directly or can be stored in large quantities for use at a later date when required (for instance; during drought).
10 mg:
10 mg is a standard umbilical weight which is used in the oil & gas subsea umbilicals, risers and flow lines (SURF) market. It has been established by The American Petroleum Institute (API).
The API specification 10MG means that the weight should be made of material with a density less than 0.38 and total free fall in water below 6 feet should be less than 3 seconds.
Application Insights:
The use of oil and gas subsea riser systems is predominant in the production of ACS. The rising prevalence of this syndrome across the globe is anticipated to be a major factor driving the demand for these products over the forecast period. In addition, increasing exploration activities in offshore markets are expected to drive product demand over next eight years.
Venous thromboembolism (VTE) segment is also expected to witness significant growth during forecast period owing to factors such as growing awareness about VTE and its treatment among medical professionals coupled with rising incidence rates of this condition across several regions including North America and Europe.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of oil and gas reserves. The region is expected to maintain its dominance over the forecast period due to increasing offshore drilling activities in deepwater Gulf of Mexico, offshore North Carolina and Mississippi, and offshore California.
Asia Pacific is estimated to be the fastest-growing regional market from 2018 to 2030 owing with increasing government initiatives for developing unconventional energy resources such as shale gas & tight oil formation. China’s western provinces including Xinjiang Uygur Autonomous Region are anticipated to witness significant growth in natural gas production through hydraulic fracturing or ‘fracking’ over next few years which will drive regional SURF demand.
Growth Factors:
- Increasing demand for oil and gas due to population growth and industrialization in developing countries
- Rising investment in offshore exploration and production activities
- Proliferation of new technologies for deepwater drilling and production that require SURF systems
- Stringent safety and environmental regulations governing offshore operations that are driving the need for more reliable, safer, and environmentally friendly SURF systems
- Growing demand from emerging markets such as China, India, Brazil, Mexico, etc
Scope Of The Report
Report Attributes
Report Details
Report Title
Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) Market Research Report
By Type
2.5 mg, 10 mg, 15 mg, 20 mg
By Application
Acute Coronary Syndrome (ACS), Venous Thromboembolism (VTE)
By Companies
Bayer, J&J
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
225
Number of Tables & Figures
158
Customization Available
Yes, the report can be customized as per your need.
Global Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) Market Report Segments:
The global Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) market is segmented on the basis of:
Types
2.5 mg, 10 mg, 15 mg, 20 mg
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
Acute Coronary Syndrome (ACS), Venous Thromboembolism (VTE)
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:
- Bayer
- J&J
 Market Overview.svg)
Highlights of The Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) 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:
- 2.5 mg
- 10 mg
- 15 mg
- 20 mg
- By Application:
- Acute Coronary Syndrome (ACS)
- Venous Thromboembolism (VTE)
- 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 Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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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?
Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) are long, thin tubes used to transport oil and gas from the wellhead to the surface. They are made of high-quality steel or aluminum and can be submerged in water or air.
Some of the major players in the oil & gas subsea umbilicals, risers & flowlines (surf) market are Bayer, J&J.
The oil & gas subsea umbilicals, risers & flowlines (surf) 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 Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) 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 Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) 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 Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) 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 Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) Market Size & Forecast, 2020-2028
4.5.1 Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) Market Size and Y-o-Y Growth
4.5.2 Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) 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 2.5 mg
5.2.2 10 mg
5.2.3 15 mg
5.2.4 20 mg
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 Acute Coronary Syndrome (ACS)
6.2.2 Venous Thromboembolism (VTE)
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) 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 Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) 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 2.5 mg
9.6.2 10 mg
9.6.3 15 mg
9.6.4 20 mg
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 Acute Coronary Syndrome (ACS)
9.10.2 Venous Thromboembolism (VTE)
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 2.5 mg
10.6.2 10 mg
10.6.3 15 mg
10.6.4 20 mg
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 Acute Coronary Syndrome (ACS)
10.10.2 Venous Thromboembolism (VTE)
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 2.5 mg
11.6.2 10 mg
11.6.3 15 mg
11.6.4 20 mg
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 Acute Coronary Syndrome (ACS)
11.10.2 Venous Thromboembolism (VTE)
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 2.5 mg
12.6.2 10 mg
12.6.3 15 mg
12.6.4 20 mg
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 Acute Coronary Syndrome (ACS)
12.10.2 Venous Thromboembolism (VTE)
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 2.5 mg
13.6.2 10 mg
13.6.3 15 mg
13.6.4 20 mg
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 Acute Coronary Syndrome (ACS)
13.10.2 Venous Thromboembolism (VTE)
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 Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) Market: Competitive Dashboard
14.2 Global Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bayer
14.3.2 J&J
