Market Overview:
The global steel tube umbilical market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for steel tube umbilicals from the dynamic application and static application segments. In terms of type, the super duplex stainless steel ( Cr25) segment is expected to grow at a higher CAGR than other segments during the forecast period. Geographically, North America is expected to lead the global market in terms of revenue by 2030 owing to high demand from oil & gas exploration and production activities in this region.
Product Definition:
A steel tube umbilical is a type of umbilical cable that is made up of steel tubes. These cables are used to provide power, communication, and other services between a platform and an offshore installation. Steel tube umbilicals are often used in harsh environments where traditional umbilicals may not be able to withstand the conditions.
Super Duplex Stainless Steel ( Cr25):
Super duplex stainless steel is a Duplex stainless steel which has two layers of chromium and two of nickel. It has the highest corrosion resistance among all types of stainless steels. The material is used in various applications due to its excellent properties including high strength, low carbon%, good formability, ease in welding & forming and good electrical properties.
316L Steel:
The steel tube umbilical market is expected to grow at a significant rate owing to the increasing demand for offshore oil & gas E&P. The growing number of subsea wells and platforms globally is likely to boost the product demand over the forecast period.
316L steel has higher carbon content as compared to other grades of low-alloyed steels such as CRS, CRES, and CSH.
Application Insights:
The dynamic application segment accounted for the largest market share in 2017 and is anticipated to witness significant growth over the forecast period. This can be attributed to increasing infrastructure spending in emerging economies of Asia Pacific and Latin America. In addition, dynamic applications require minimal maintenance as compared to static applications.
Static application of steel tubes is gaining popularity as it offers several advantages including ease of handling, low cost, weight reduction and greater strength when compared with its counterparts made from other materials such as aluminum alloys or plastics. These are widely used in residential construction for window frames & sashes along with single-piece glass units where durability is essential.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, and Japan. These countries are among the largest consumers of steel tube umbilicals owing to their large power generation sectors coupled with rapid industrialization. In addition, increasing investments in nuclear power plants by various governments across Asia Pacific are likely to have a positive impact on industry growth over the coming years.
Europe accounted for a significant share of global revenue in 2017 owing to high demand from end-use industries such as oil & gas and renewable energy sector across major countries including Germany, France Italy Russia Spain U.K., etc.). However; some member states within Europe such as Greece may face economic difficulties which may affect product demand from dynamic applications segment (power generation).
Growth Factors:
- Increasing demand for oil and gas from developing countries
- Rising investment in the oil and gas sector
- Growing exploration and production activities of oil and gas reserves
- Technological advancements in steel tube umbilical manufacturing process
- Stringent government regulations for safety in offshore drilling
Scope Of The Report
Report Attributes
Report Details
Report Title
Steel Tube Umbilical Market Research Report
By Type
Super Duplex Stainless Steel ( Cr25), 316L Steel
By Application
Dynamic Application, Static Application
By Companies
Aker, JDR Cables, Technic FMC, Nexans, Oceaneering, Tratos, MFX Umbilicals, Vallourec, Parker, Prysmian, 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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Steel Tube Umbilical Market Report Segments:
The global Steel Tube Umbilical market is segmented on the basis of:
Types
Super Duplex Stainless Steel ( Cr25), 316L Steel
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
Dynamic Application, Static Application
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:
- Aker
- JDR Cables
- Technic FMC
- Nexans
- Oceaneering
- Tratos
- MFX Umbilicals
- Vallourec
- Parker
- Prysmian
- Orient Cable
Highlights of The Steel Tube Umbilical 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:
- Super Duplex Stainless Steel ( Cr25)
- 316L Steel
- By Application:
- Dynamic Application
- Static Application
- 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 Steel Tube Umbilical 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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- Product & Brand 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?
A steel tube umbilical is a type of cable used to transfer data and power between two points. It is made from a sturdy, durable metal that can withstand high levels of stress. This cable is often used in industrial settings, where it needs to be able to handle heavy loads and withstand harsh conditions.
Some of the major companies in the steel tube umbilical market are Aker, JDR Cables, Technic FMC, Nexans, Oceaneering, Tratos, MFX Umbilicals, Vallourec, Parker, Prysmian, Orient Cable.
The steel tube umbilical market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Steel Tube Umbilical 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. Steel Tube Umbilical Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Steel Tube Umbilical Market - Supply Chain
4.5. Global Steel Tube Umbilical Market Forecast
4.5.1. Steel Tube Umbilical Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Steel Tube Umbilical Market Size (000 Units) and Y-o-Y Growth
4.5.3. Steel Tube Umbilical Market Absolute $ Opportunity
5. Global Steel Tube Umbilical 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. Steel Tube Umbilical Market Size and Volume Forecast by Type
5.3.1. Super Duplex Stainless Steel ( Cr25)
5.3.2. 316L Steel
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Steel Tube Umbilical 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. Steel Tube Umbilical Market Size and Volume Forecast by Application
6.3.1. Dynamic Application
6.3.2. Static Application
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Steel Tube Umbilical 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. Steel Tube Umbilical 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 Steel Tube Umbilical 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. Steel Tube Umbilical 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 Steel Tube Umbilical Demand Share Forecast, 2019-2026
9. North America Steel Tube Umbilical 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 Steel Tube Umbilical 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 Steel Tube Umbilical Market Size and Volume Forecast by Application
9.4.1. Dynamic Application
9.4.2. Static Application
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Steel Tube Umbilical Market Size and Volume Forecast by Type
9.7.1. Super Duplex Stainless Steel ( Cr25)
9.7.2. 316L Steel
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 Steel Tube Umbilical Demand Share Forecast, 2019-2026
10. Latin America Steel Tube Umbilical 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 Steel Tube Umbilical 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 Steel Tube Umbilical Market Size and Volume Forecast by Application
10.4.1. Dynamic Application
10.4.2. Static Application
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Steel Tube Umbilical Market Size and Volume Forecast by Type
10.7.1. Super Duplex Stainless Steel ( Cr25)
10.7.2. 316L Steel
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 Steel Tube Umbilical Demand Share Forecast, 2019-2026
11. Europe Steel Tube Umbilical 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 Steel Tube Umbilical 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 Steel Tube Umbilical Market Size and Volume Forecast by Application
11.4.1. Dynamic Application
11.4.2. Static Application
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Steel Tube Umbilical Market Size and Volume Forecast by Type
11.7.1. Super Duplex Stainless Steel ( Cr25)
11.7.2. 316L Steel
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projectins 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 Steel Tube Umbilical Demand Share, 2019-2026
12. Asia Pacific Steel Tube Umbilical 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 Steel Tube Umbilical 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 Steel Tube Umbilical Market Size and Volume Forecast by Application
12.4.1. Dynamic Application
12.4.2. Static Application
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Steel Tube Umbilical Market Size and Volume Forecast by Type
12.7.1. Super Duplex Stainless Steel ( Cr25)
12.7.2. 316L Steel
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 Steel Tube Umbilical Demand Share, 2019-2026
13. Middle East & Africa Steel Tube Umbilical 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 Steel Tube Umbilical 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 Steel Tube Umbilical Market Size and Volume Forecast by Application
13.4.1. Dynamic Application
13.4.2. Static Application
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Steel Tube Umbilical Market Size and Volume Forecast by Type
13.7.1. Super Duplex Stainless Steel ( Cr25)
13.7.2. 316L Steel
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 Steel Tube Umbilical Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Steel Tube Umbilical Market: Market Share Analysis
14.2. Steel Tube Umbilical Distributors and Customers
14.3. Steel Tube Umbilical Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Aker
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. JDR Cables
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Technic FMC
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Nexans
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Oceaneering
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Tratos
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. MFX Umbilicals
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Vallourec
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Parker
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Prysmian
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Orient Cable
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
