The global oil and gas subsea umbilicals market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 3.2 billion by 2030. The growth in this market can be attributed to the increasing demand for offshore exploration and production activities, which is driving the need for subsea umbilicals. The increasing number of offshore projects in various regions such as North America, Latin America, Europe, Asia Pacific and Middle East & Africa are also contributing to the growth of this market.
Thermoplastic Hose Umbilical accounted for over 50% share in 2017 owing to its low cost and easy installation process. Steel Tube Umbilical accounted for over 30% share due to its high strength properties that make it suitable for deep water applications with high pressure requirements such as drilling rigs or platforms with large topsides weighting more than 10 million pounds (4200 metric tons). Power Umbilical accounted for over 10% share due to its ability to transmit power from surface vessels or platforms down into subsea installations without any interruption in power supply during emergencies or when there is a need for maintenance work on surface vessels or platforms. Integrated Services Umbilicals accounted for less than 5% share due their higher cost compared with other types of umbilicals owing their ability provide services such as data transmission, video surveillance etc, which are not available on other types of umbilicals.
- The increasing demand for oil and gas is driving the growth of the subsea umbilicals market.
- The need to reduce costs and increase efficiency in offshore drilling operations is also driving the growth of this market.
- The increasing number of offshore drilling rigs, which are used to extract oil and gas from deep-water wells, is also a factor that drives the growth of this market.
- Increasing investments in offshore exploration activities by major players such as ExxonMobil Corporation, Royal Dutch Shell plc., BP plc., Chevron Corporation, Total SA, ConocoPhillips Company, Anadarko Petroleum Corporation and others are also factors that drive the growth of this market.
- Increasing demand for natural gas in Asia Pacific countries such as China and India is another factor that drives the growth of this market.
Industry Growth Insights published a new data on “Oil & Gas Subsea Umbilicals Market”. The research report is titled “Oil & Gas Subsea Umbilicals Market research by Types (Thermoplastic Hose Umbilical, Steel Tube Umbilical, Power Umbilical, Integrated Services Umbilical), By Applications (<500m, 501m-1000m, 1001m-1500m, >1500m), By Players/Companies Oceaneering, Aker Solutions, Nexans, Technip, Prysmian, Subsea 7, Vallourec, Parker, Cortland, Orient Cable”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Oil & Gas Subsea Umbilicals Market Research Report
By Type
Thermoplastic Hose Umbilical, Steel Tube Umbilical, Power Umbilical, Integrated Services Umbilical
By Application
<500m, 501m-1000m, 1001m-1500m, >1500m
By Companies
Oceaneering, Aker Solutions, Nexans, Technip, Prysmian, Subsea 7, Vallourec, Parker, Cortland, Orient Cable
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Oil & Gas Subsea Umbilicals Market Report Segments:
The global Oil & Gas Subsea Umbilicals market is segmented on the basis of:
Types
Thermoplastic Hose Umbilical, Steel Tube Umbilical, Power Umbilical, Integrated Services Umbilical
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
<500m, 501m-1000m, 1001m-1500m, >1500m
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:
- Oceaneering
- Aker Solutions
- Nexans
- Technip
- Prysmian
- Subsea 7
- Vallourec
- Parker
- Cortland
- Orient Cable
Highlights of The Oil & Gas Subsea Umbilicals 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:
- Thermoplastic Hose Umbilical
- Steel Tube Umbilical
- Power Umbilical
- Integrated Services Umbilical
- By Application:
- <500m
- 501m-1000m
- 1001m-1500m
- >1500m
- 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 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?
Oil & Gas Subsea Umbilicals are long, thin tubes used to transport oil and gas from the surface to a well.
Some of the major players in the oil & gas subsea umbilicals market are Oceaneering, Aker Solutions, Nexans, Technip, Prysmian, Subsea 7, Vallourec, Parker, Cortland, Orient Cable.
The oil & gas subsea umbilicals market is expected to register a CAGR of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Oil & Gas Subsea Umbilicals Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Oil & Gas Subsea Umbilicals Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Oil & Gas Subsea Umbilicals Market - Supply Chain
4.5. Global Oil & Gas Subsea Umbilicals Market Forecast
4.5.1. Oil & Gas Subsea Umbilicals Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Oil & Gas Subsea Umbilicals Market Size (000 Units) and Y-o-Y Growth
4.5.3. Oil & Gas Subsea Umbilicals Market Absolute $ Opportunity
5. Global Oil & Gas Subsea Umbilicals Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Oil & Gas Subsea Umbilicals Market Size and Volume Forecast by Type
5.3.1. Thermoplastic Hose Umbilical
5.3.2. Steel Tube Umbilical
5.3.3. Power Umbilical
5.3.4. Integrated Services Umbilical
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Oil & Gas Subsea Umbilicals Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Oil & Gas Subsea Umbilicals Market Size and Volume Forecast by Application
6.3.1. <500m
6.3.2. 501m-1000m
6.3.3. 1001m-1500m
6.3.4. >1500m
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Oil & Gas Subsea Umbilicals Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Oil & Gas Subsea Umbilicals Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Oil & Gas Subsea Umbilicals Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Oil & Gas Subsea Umbilicals Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Oil & Gas Subsea Umbilicals Demand Share Forecast, 2019-2026
9. North America Oil & Gas Subsea Umbilicals Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Oil & Gas Subsea Umbilicals Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Oil & Gas Subsea Umbilicals Market Size and Volume Forecast by Application
9.4.1. <500m
9.4.2. 501m-1000m
9.4.3. 1001m-1500m
9.4.4. >1500m
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Oil & Gas Subsea Umbilicals Market Size and Volume Forecast by Type
9.7.1. Thermoplastic Hose Umbilical
9.7.2. Steel Tube Umbilical
9.7.3. Power Umbilical
9.7.4. Integrated Services Umbilical
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Oil & Gas Subsea Umbilicals Demand Share Forecast, 2019-2026
10. Latin America Oil & Gas Subsea Umbilicals Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Oil & Gas Subsea Umbilicals Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Oil & Gas Subsea Umbilicals Market Size and Volume Forecast by Application
10.4.1. <500m
10.4.2. 501m-1000m
10.4.3. 1001m-1500m
10.4.4. >1500m
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Oil & Gas Subsea Umbilicals Market Size and Volume Forecast by Type
10.7.1. Thermoplastic Hose Umbilical
10.7.2. Steel Tube Umbilical
10.7.3. Power Umbilical
10.7.4. Integrated Services Umbilical
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Oil & Gas Subsea Umbilicals Demand Share Forecast, 2019-2026
11. Europe Oil & Gas Subsea Umbilicals Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Oil & Gas Subsea Umbilicals Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Oil & Gas Subsea Umbilicals Market Size and Volume Forecast by Application
11.4.1. <500m
11.4.2. 501m-1000m
11.4.3. 1001m-1500m
11.4.4. >1500m
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Oil & Gas Subsea Umbilicals Market Size and Volume Forecast by Type
11.7.1. Thermoplastic Hose Umbilical
11.7.2. Steel Tube Umbilical
11.7.3. Power Umbilical
11.7.4. Integrated Services Umbilical
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Oil & Gas Subsea Umbilicals Demand Share, 2019-2026
12. Asia Pacific Oil & Gas Subsea Umbilicals Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Oil & Gas Subsea Umbilicals Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Oil & Gas Subsea Umbilicals Market Size and Volume Forecast by Application
12.4.1. <500m
12.4.2. 501m-1000m
12.4.3. 1001m-1500m
12.4.4. >1500m
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Oil & Gas Subsea Umbilicals Market Size and Volume Forecast by Type
12.7.1. Thermoplastic Hose Umbilical
12.7.2. Steel Tube Umbilical
12.7.3. Power Umbilical
12.7.4. Integrated Services Umbilical
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Oil & Gas Subsea Umbilicals Demand Share, 2019-2026
13. Middle East & Africa Oil & Gas Subsea Umbilicals Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Oil & Gas Subsea Umbilicals Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Oil & Gas Subsea Umbilicals Market Size and Volume Forecast by Application
13.4.1. <500m
13.4.2. 501m-1000m
13.4.3. 1001m-1500m
13.4.4. >1500m
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Oil & Gas Subsea Umbilicals Market Size and Volume Forecast by Type
13.7.1. Thermoplastic Hose Umbilical
13.7.2. Steel Tube Umbilical
13.7.3. Power Umbilical
13.7.4. Integrated Services Umbilical
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Oil & Gas Subsea Umbilicals Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Oil & Gas Subsea Umbilicals Market: Market Share Analysis
14.2. Oil & Gas Subsea Umbilicals Distributors and Customers
14.3. Oil & Gas Subsea Umbilicals Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Oceaneering
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Aker Solutions
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Nexans
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Technip
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Prysmian
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Subsea 7
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Vallourec
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Parker
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Cortland
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Orient Cable
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
