(Entertainment-NewsWire.com, April 26, 2018 ) According to publisher the 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)”, the global market is projected to display growth at CAGR of ~12.5% during 2017 – 2022, chiefly driven by high demand for energy in the American and Asian regions. Increasing deep sea development activities has driven the market for Subsea systems along with subsea production systems including umbilical, riser and flowline.
Escalating demand for oil and gas coupled with increasing deep sea developments has facilitated growth in the market for SURF (subsea umbilical, riser and flowline). Increasing demand for using capital intensive techniques in unconventional sources, and increase in deep water explorations to increase oil productivity has further accelerated SURF installations in the offshore oil and gas production projects.
Decline in crude oil prices, depleting oil reserves and global economic slowdown has presented fresh challenges to explore undiscovered reservoirs. In terms of segmentation, market is categorized on basis of type (umbilical, riser and flowline). South America has been leading the market due to offshore activities in Brazil with the share of around 30%, APAC and Middle East is expected to witness a higher growth rate till 2022.
1. Research Methodology 2. Executive Summary 3. Strategic Recommendations 4. Global Oil and Gas Industry Outlook 5. Global Subsea Outlook 6. Global SURF Product Overview 7. Global SURF (Subsea Umbilical, Riser and Flowline) Market: Growth and Forecast 8. North America SURF Market: Growth and Forecast 9. South America SURF Market: Growth and Forecast 10. Europe SURF Market: Growth and Forecast 11. Africa SURF Market: Growth and Forecast Continue....
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