Global SURF (Subsea Umbilicals, Risers and Flowlines) Market: 2018 World Market Review and Forecast to 2023

Transcription

1 Global SURF (Subsea Umbilicals, Risers and Flowlines) Market: 2018 World Market Review and Forecast to 2023 By Water Depth Shallow Water and Deep Water By Type- Umbilical, Riser and Flowlines By Umbilical Type- Hydraulic, Electro Hydraulic, Electro Fiber Optic Hydraulic, Electro Hydraulic and Electro Fiber Optical Hydraulic with Medium Voltage cores By Riser Type- Production Riser, Drilling Riser, Work Over Riser and Others By Region - North America, South America, Europe, Africa, Asia Pacific and Middle East By Country - US, Mexico, Brazil, Argentina, U.K., Norway, Nigeria, Angola, China, Australia, Saudi Arabia October 2018

2 Global SURF (Subsea Umbilicals, Risers and Flowlines) Market: 2018 World Market Review and Forecast to 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, Saudi Arabia) Scope of the g Study Global Coverage Regional Coverage Country Coverage Segment Coverage By Type By Umbilical Type By Riser Type Region (North America, South America, Europe, Africa, Asia Pacific and Middle East) Country (United States, Mexico, Brazil, Argentina, U.K., Norway, Nigeria, Angola, China, Australia and Saudi Arabia) Global Coverage Regional Coverage Country Coverage Company Coverage Global SURF Market By Value ( ) Breakdown-By Water Depth ( ) Shallow Water Deep Water Breakdown-By Type ( ) Umbilical, Riser and Flowline Breakdown-By Umbilical Type ( ) Hydraulic, Electro Hydraulic, Electro Fiber Optic Hydraulic, Electro Hydraulic and Electro Fiber Optical Hydraulic with Medium Voltage cores Breakdown-By Riser Type ( ) Production Riser, Drilling Riser, Work Over Riser and Others North America South America Europe Africa Asia Pacific Middle East SURF Market- By Value ( ) SURF Market, By Type, By Value ( ) U.S. Mexico Brazil Argentina U.K. Norway Nigeria Angola China Australia Saudi Arabia SURF Market : By Value ( ) Prysmian group Aker Solutions TechnipFMC Subsea7 Saipem McDermott International Inc. DeepOcean Group Holding BV Ocean Installer AS Actuant Corporation Financial Analysis Sales Business Overview Product Launches 2

3 Table of Content S.No Particulars Page No. 1. Research Methodology Executive Summary Strategic Recommendation Increasing demand for Subsea tiebacks Rapid transition towards Electro Hydraulic and Electro-Fibre optical Hydraulic Umbilical with medium voltage cores Global Oil and Gas Industry Outlook Global Subsea Outlook Global SURF Product Overview Global SURF (Subsea Umbilical, Riser and Flowline) Market: Growth and Forecast Global SURF (Subsea Umbilical, Riser and Flowline) Market, By Value By Value ( ) By Value ( ) Global SURF (Subsea Umbilical, Riser and Flowline) Market: By Water Depth (Shallow Water and Deep Water): Breakdown (%) By Water Depth, 2017 (%) By Water Depth, 2023 (%) Global SURF (Subsea Umbilical, Riser and Flowline) Market: By Water Depth (Shallow Water and Deep Water) By Value ( ) By Value ( ) 46 3

4 Table of Content S. No Particulars Page No. 7.4 Global SURF Market: By Type (Umbilical, Riser and Flowline): Breakdown(%) By Type, 2017 (%) By Type, 2023 (%) Global SURF Market: By Type (Umbilical, Riser and Flowline) By Value ( ) By Value ( ) Global SURF Market: By Umbilical Type (Hydraulic Umbilical, Electro-Hydraulic Umbilical, Electro Hydraulic and Electro-Fibre optical, Electro Hydraulic and Electro-Fibre optical Hydraulic Umbilical with medium voltage cores) By Value ( ) By Value ( ) Global SURF Market: By Riser Type (Production Riser, Drilling Riser, Work Over Riser and Others) By Value ( ) By Value ( ) Global SURF Market-By Region (North America, Europe, APAC and ROW): Breakdown(%) Global SURF Market Size, By Region, 2017 (%) Global SURF Market Size, By Region, 2023 (%) North America SURF Market: Growth and Forecast North America SURF Market: Growth and Forecast By Value ( ) By Value ( ) 65 4

5 Table of Content S. No Particulars Page No. 8.2 North America SURF Market: By Type (Umbilical, Riser and Flowline) By Value ( ) By Value ( ) North America SURF Market: Country Analysis (United States & Mexico): Breakdown (%) By Country, 2017 (%) By Country, 2023 (%) United States SURF Market By Value ( ) By Value ( ) Mexico SURF Market By Value ( ) By Value ( ) South America SURF Market: Growth and Forecast South America SURF Market: Growth and Forecast By Value ( ) By Value ( ) South America SURF Market: By Type (Umbilical, Riser and Flowline) By Value ( ) By Value ( ) South America SURF Market: Country Analysis (Brazil & Argentina): Breakdown (%) By Country, 2017 (%) By Country, 2023 (%) 85 5

6 Table of Content S. No Particulars Page No. 9.4 Brazil SURF Market By Value ( ) By Value ( ) Argentina SURF Market By Value ( ) By Value ( ) Europe SURF Market: Growth and Forecast Europe SURF Market: Growth and Forecast By Value ( ) By Value ( ) Europe SURF Market: By Type (Umbilical, Riser and Flowline) By Value ( ) By Value ( ) Europe SURF Market: Country Analysis (United Kingdom and Norway): Breakdown (%) By Country, 2017 (%) By Country, 2023 (%) United Kingdom SURF Market By Value ( ) By Value ( ) Norway SURF Market By Value ( ) By Value ( ) 101 6

7 Table of Content S. No Particulars Page No. 11. Africa SURF Market: Growth and Forecast Africa SURF Market: Growth and Forecast By Value ( ) By Value ( ) Africa SURF Market: By Type (Umbilical, Riser and Flowline) By Value ( ) By Value ( ) Africa SURF Market: Country Analysis (Nigeria and Angola): Breakdown (%) By Country, 2017 (%) By Country, 2023 (%) Nigeria SURF Market By Value ( ) By Value ( ) Angola SURF Market By Value ( ) By Value ( ) Asia Pacific SURF Market: Growth and Forecast Asia Pacific SURF Market: Growth and Forecast By Value ( ) By Value ( ) 123 7

8 Table of Content S. No Particulars Page No Asia Pacific SURF Market: By Type (Umbilical, Riser and Flowline) By Value ( ) By Value ( ) Asia Pacific SURF Market: Country Analysis (China and Australia): Breakdown (%) By Country, 2017 (%) By Country, 2023 (%) China SURF Market By Value ( ) By Value ( ) Australia SURF Market By Value ( ) By Value ( ) Middle East SURF Market: Growth and Forecast Middle East SURF Market: Growth and Forecast By Value ( ) By Value ( ) Middle East SURF Market: By Type (Umbilical, Riser and Flowline) By Value ( ) By Value ( ) 134 8

9 Table of Content S. No Particulars Page No Middle East SURF Market: Country Analysis (Saudi Arabia): Breakdown (%) By Country, 2017 (%) By Country, 202 (%) Saudi Arabia SURF Market By Value ( ) By Value ( ) Market Dynamics Drivers Challenges Market Trends Porter Five Force Analysis SWOT Analysis Policy and Regulatory Landscape Company Profiling Prysmian group Aker Solutions Technip FMC Subsea Saipem McDermott International Inc

10 Table of Content S. No Particulars Page No DeepOcean Group Holding BV Ocean Installer AS Actuant Corporation About us & Disclaimer

11 List of Figures Figure No. Figure Title Page No. Figure 1: Global Crude Oil Production Market, By Volume, (Million tonnes) 22 Figure 2: Global Natural Gas Production Market, By Volume, (Million tonnes) 22 Figure 3: Global SURF (Subsea Umbilical, Risers and Flowlines) Market Size, By Value, (USD Billion) 32 Figure 4: Global Offshore Investments (USD Billion) 34 Figure 5: Global Oil Demand Forecast, Billion Tonnes/year ( ) 36 Figure 6: Global Gas Demand Forecast, Billion Tonnes/year ( ) 36 Figure 7: Global Crude Oil Prices Actual and Forecast, USD per barrel; Brent ( ) 37 Figure 8: Global SURF (Subsea Umbilical, Risers and Flowlines) Market Size, By Value, Forecast, (USD Billion) 38 Figure 9: Global SURF Market Size, By Water Depth, 2017 (%) 44 Figure 10: Global SURF Market Size, By Water Depth, 2023 (%) 45 Figure 11: Global SURF Market: By Water Depth, By Value, (USD Billion) 46 Figure 12: Global SURF Market Size, By Type, 2017 (%) 49 Figure 13: Global SURF Market Size, By Type, 2023 (%) 50 Figure 14: Global SURF Market: By Type, By Value, (USD Billion) 51 Figure 15: Global SURF Market: By Umbilical Type, By Value, (USD Billion) 54 Figure 16: Global Umbilical Cord Component Market Share (%), Figure 17: Global SURF Market: By Riser Type, By Value, (USD Billion) 58 Figure 18: Global SURF Market Size, By Region, 2017 (%) 60 Figure 19: Global SURF Market Size, By Region, 2023 (%) 61 11

12 List of Figures Figure No. Figure Title Page No. Figure 20: North America SURF (Subsea Umbilical, Risers and Flowlines) Market Size, By Value, (USD Billion) 63 Figure 21: North America SURF (Subsea Umbilical, Risers and Flowlines) Market Size, By Value, Forecast, (USD Billion) 65 Figure 22: North America offshore E&P Spending, (USD Billion) 66 Figure 23: North America SURF Market: By Type, By Value, (USD Billion) 67 Figure 24: North America SURF Market Size, By Country, 2017 (%) 70 Figure 25: North America SURF Market Size, By Country, 2023 (%) 71 Figure 26: United States SURF Market, By Value, (USD Billion) 72 Figure 27: Mexico SURF Market, By Value, (USD Billion) 75 Figure 28: South America SURF (Subsea Umbilical, Risers and Flowlines) Market Size, By Value, (USD Billion) 78 Figure 29: South America SURF (Subsea Umbilical, Risers and Flowlines) Market Size, By Value, Forecast, USD Billion) Figure 30: South America SURF Market: By Type, By Value, (USD Billion) 82 Figure 31: South America SURF Market Size, By Country, 2017 (%) 84 Figure 32: South America SURF Market Size, By Country, 2023 (%) 85 Figure 33: Brazil SURF Market, By Value, (USD Billion) 86 Figure 34: Argentina SURF Market, By Value, (USD Billion) 87 Figure 35: Europe SURF (Subsea Umbilical, Risers and Flowlines) Market Size, By Value, (USD Billion) 90 Figure 36: Europe SURF (Subsea Umbilical, Risers and Flowlines) Market Size, By Value, Forecast, (USD Billion) Figure 37: Europe SURF Market: By Type, By Value, (USD Billion) 94 Figure 38: Europe SURF Market Size, By Country, 2017 (%) 97 Figure 39: Europe SURF Market Size, By Country, 2023 (%)

13 List of Figures Figure No. Figure Title Page No. Figure 40: United Kingdom SURF Market, By Value, (USD Billion) 99 Figure 41: Norway SURF Market, By Value, (USD Billion) 101 Figure 42: Africa SURF (Subsea Umbilical, Risers and Flowlines) Market Size, By Value, (USD Billion) 105 Figure 43: Africa SURF (Subsea Umbilical, Risers and Flowlines) Market Size, By Value, Forecast, (USD Billion) Figure 44: Africa SURF Market: By Type, By Value, (USD Billion) 108 Figure 45: Africa SURF Market Size, By Country, 2017 (%) 110 Figure 46: Africa SURF Market Size, By Country, 2023 (%) 111 Figure 47: Nigeria SURF Market, By Value, (USD Billion) 112 Figure 48: Angola SURF Market, By Value, (USD Billion) 115 Figure 49: Asia Pacific SURF (Subsea Umbilical, Risers and Flowlines) Market Size, By Value, (USD Billion) 118 Figure 50: Asia Pacific SURF (Subsea Umbilical, Risers and Flowlines) Market Size, By Value, Forecast, (USD Billion) Figure 51: Asia Pacific Oil Reserves, By Country (Onshore & Offshore) 120 Figure 52: Asia Pacific Gas Reserves, By Country (Onshore & Offshore) 120 Figure 53: Asia Pacific SURF Market: By Type, By Value, (USD Billion) 121 Figure 54: Asia Pacific SURF Market Size, By Country, 2017 (%) 123 Figure 55: Asia Pacific SURF Market Size, By Country, 2023 (%) 124 Figure 56: China SURF Market, By Value, (USD Billion) 125 Figure 57: Australia SURF Market, By Value, (USD Billion) 126 Figure 58: Middle East SURF (Subsea Umbilical, Risers and Flowlines) Market Size, By Value, (USD Billion) 130 Figure 59: Middle East SURF (Subsea Umbilical, Risers and Flowlines) Market Size, By Value, Forecast, (USD Billion) Figure 60: Middle East SURF Market: By Type, By Value, (USD Million)

14 List of Figures Figure No. Figure Title Page No. Figure 61: Middle East SURF Market Size, By Country, 2017 (%) 136 Figure 62: Middle East SURF Market Size, By Country, 2023 (%) 137 Figure 63: Saudi Arabia SURF Market, By Value, (USD Billion) 138 Figure 64: Prysmian Group Percentage Revenue, By Geography (2017) 160 Figure 65: Prysmian Group Percentage, By Business area (2017) 160 Figure 66: Prysmian Group Revenue, USD Million ( ) 161 Figure 67: Prysmian Group Revenue, By Business Segment, By Oil and Gas, USD Million (2017) 161 Figure 68: Aker Solution Revenue, (USD Million) 163 Figure 69: Aker Solutions Sales, By Region, 2017 (%) 163 Figure 70: Aker Solution Sales, By Business Group, 2017 (%) 164 Figure 71: TechnipFMC Revenue, (USD Million) 166 Figure 72: TechnipFMC Revenue, By Segment, USD Million (2017) 166 Figure 73: TechnipFMC Revenue, By Country, USD Million (2017) 166 Figure 74: Saipem Revenue, (USD Million) 169 Figure 75: Saipem Sales, By Region, 2016 (%) 169 Figure 76: McDermott Revenue, (USD Million) 171 Figure 77: McDermott Revenue, By Region, 2016 (%) 171 Figure 78: Actuant s Revenue, (USD Million) 176 Figure 79: Actuant s Revenue, By Business Segment, 2016 (%)

15 List of Tables Table No. Table Title Page No. Table A: Offshore drilling worldwide, 2016E and 2017F 35 Table B: Subsea Projects, Table C: Global SURF Project Pipeline 41 Table D: Deep Water Reserves and Infrastructure ( ) 52 Table E: Oil production in Outer Continental Shelf (in barrels) 68 Table F: Gas production in Outer Continental Shelf (MCF in 1,000 cubic feet) 68 Table G: Rig Activities in South America during Table H: Table I: Oil proved reserves and production in major oil and gas producing regions in South and Central America, Gas proved reserves and production in major oil and gas producing regions in South and Central America,

16 Research Methodology For our study on Global SURF (Subsea Umbilical, Riser and Flowline Market), we have conducted comprehensive secondary research followed by an extensive primary research. In the process of secondary research, we have scrutinized industry documents, accessed from open sources, premium paid databases (Bloomberg, Thomson Reuters, Factiva) and our internal knowledge base. In the process of primary research, we have interviewed various industry experts across the value chain of the Subsea Industry. Market size of the actual period ( ) has been evaluated on the basis of growth trends of the industry in the last five years, and confirming the findings through primary research. Annual reports of the companies are scanned to further validate the market size and to estimate the size of various other applications. Market sizing and growth in the forecast period ( ) is estimated through revenue and product mapping, growth of new advance equipments and technology and historical growth pattern of the industry. All the relevant data points/ statistics in the forecast period are validated through relevant and reliable primary sources. Report Focus: Global SURF Market - By Water Depth (Shallow Water and Deep Water) - By Type (Umbilical, Riser and Flowline) - By Umbilical Type (Electro-Hydraulic Umbilical, Hydraulic Umbilical, Electro Hydraulic and Electro-Fibre optical Hydraulic Umbilical with medium voltage cores and Electro-Fibre Optical-Hydraulic Umbilical) - By riser type (Production Riser, Drilling Riser, Workover Riser and Others) - By Region (North America, South America, Europe, Africa, Asia Pacific and Middle East), - By Country (U.S., Canada,, Germany, France, U.K., Australia, China and India) - Company Coverage (Prysmian group, Aker Solutions, Technip FMC, Subsea 7, Saipem, McDermott International Inc., DeepOcean Group Holding BV, Ocean Installer AS, Actuant Corporation) Companies Contacted: Technip 16

17 Global SURF (Subsea Umbilical, Risers and Flowlines) Market Global SURF Market boosted by the rising demand for oil and gas and increasing offshore E&P activities Figure 3: Global SURF (Subsea Umbilical, Risers and Flowlines) Market Size, By Value, (USD Billion) CAGR %

18 Global SURF Market- By Water Depth Shallow Water accounts for the major market share of %, in the year Figure 9: Global SURF Market Size, By Water Depth, 2017 (%) Key Drivers Shallow Water Deep Water 18

19 Global SURF Market- By Water Depth Increasing deep water and ultra deep water activities is anticipated to drive the market in the forecast period Figure 10: Global SURF Market Size, By Water Depth, 2023 (%) Key Drivers Shallow Water Deep Water 19

20 Global SURF Market- By Water Depth Figure 11: Global SURF Market: By Water Depth, By Value, (USD Billion) CAGR Shallow Water: % Deep Water:% CAGR Shallow Water: % Deep Water: % Shallow Water Deep Water Shallow Water Deep Water 20

21 Global SURF Market-By Type Flowline held the major market share of 50.45%, by value, in the year Figure 12: Global SURF Market Size, By Type, 2017 (%) Key Drivers Flowline Umbilical Risers 21

22 Global SURF Market-By Type In the forecast period, Flowlines are expected to hold larger share in the market, however umbilical are estimated to be the faster growing segment. Figure 13: Global SURF Market Size, By Type, 2023 (%) Key Drivers Flowline 20.41% 49.84% Umbilical 29.75% Risers 22

23 Global SURF Market- By Type Figure 14: Global SURF Market: By Type, By Value, (USD Billion) CAGR Flowlines: % Umbilical: % Risers: % CAGR Flowlines: % Umbilical: % Risers: % Umbilical Risers Flowlines Flowline Umbilical Risers 23

24 Global SURF Market- By Umbilical Type Figure 15: Global SURF Market: By Umbilical Type, By Value, (USD Billion) CAGR Electro-Hydraulic Umbilical: % Hydraulic Umbilical: % Electro Hydraulic and Electro-Fibre optical Hydraulic Umbilical with medium voltage cores: % Electro-Fibre Optical-Hydraulic umbilical: % CAGR Electro-Hydraulic Umbilical: % Hydraulic Umbilical: % Electro Hydraulic and Electro-Fibre optical Hydraulic Umbilical with medium voltage cores: % Electro-Fibre Optical-Hydraulic umbilical: % Electro-Hydraulic Umbilical Hydraulic Umbilical Electro Hydraulic and Electro-Fibre optical Hydraulic Umbilical with medium voltage cores Electro-Fibre Optical-Hydraulic umbilical Electro-Hydraulic Umbilical Hydraulic Umbilical Electro Hydraulic and Electro-Fibre optical Hydraulic Umbilical with medium voltage cores Electro-Fibre Optical- Hydraulic umbilical 24

25 Global SURF Market- By Riser Type Figure 17: Global SURF Market: By Riser Type, By Value, (USD Billion) CAGR Production Riser: % Drilling Riser: % Workover Riser: % Others: % CAGR Production Riser: % Drilling Riser: % Workover Riser: % Others: % Production Riser Drilling Riser Work Over Riser Others Production Riser Drilling Riser Work Over Riser Others 25

26 Global SURF Market-By Region South America account for major share of 29.57% in SURF market, by value, in the year Figure 18: Global SURF Market Size, By Region, 2017 (%) Key Drivers North America South America Africa Europe Middle East APAC x 26

27 Global SURF Market-By Region APAC is the fastest growing region followed by Europe and Africa. Figure 19: Global SURF Market Size, By Region, 2023 (%) Key Drivers North America South America Africa Europe Middle East APAC 27

28 North America SURF Market North America SURF Market boosted by increasing offshore drilling activities in U.S. Gulf of Mexico Figure 20: North America SURF (Subsea Umbilical, Risers and Flowlines) Market Size, By Value, (USD Billion) CAGR %

29 North America SURF Market Surging Subsea production and processing activities is increasing demand for SURF installations in the region Figure 21: North America SURF (Subsea Umbilical, Risers and Flowlines) Market Size, By Value, Forecast, (USD Billion) CAGR %

30 North America SURF Market, By Type Figure 23: North America SURF Market: By Type, By Value, (USD Billion) CAGR Flowline: % Umbilical: % Risers: % CAGR Flowline: % Umbilical: % Risers: % Flowline Umbilical Riser Flowlines Umbilical Risers 30

31 North America SURF Market: Country Analysis Figure 24: North America SURF Market Size, By Country, 2017 (%) Key Drivers United States Mexico Others 31

32 North America SURF Market: Country Analysis Figure 25: North America SURF Market Size, By Country, 2023 (%) Key Drivers United States Mexico Others 32

33 United States SURF Market Figure 26: United States SURF Market, By Value, (USD Billion) CAGR % CAGR %

34 Mexico SURF Market Figure 27: Mexico SURF Market, By Value, (USD Billion) CAGR : % CAGR : %

35 About Azoth Analytics Pvt Ltd. Azoth Analytics creates in-depth research reports by recording, interpreting and analyzing information through primary and secondary research. Our strategic market sizing and data dredging techniques include secondary research, interviews with key market players and industry experts and use of industry specific statistical tools which helps in designing and planning effective research for our global and local clients. We provide customized market research reports revealing the hidden truths on different verticals like pharmaceutical, oil and gas, retail, telecommunications, real estate, logistics, energy, healthcare, technology, FMCG, food & beverages and media sectors. Related Reports: Global Artificial Lift Market : Analysis By Lift Technology, By Mechanism, By Application, By Region, By Country: Opportunities and Forecast ( ) - (By Lift Technology (Beam Lift, Plunger, Gas Lift, Electric Pump, Hydraulic Pump, Progressive Cavity Pump, Others), By Mechanism(Pump Assisted, Gas Assisted); By Application (Onshore, Offshore), By Country (USA, Canada, Mexico, Argentina, Brazil, Russia, Norway, United Kingdom, China, India, Indonesia, Saudi Arabia, Oman, Algeria) Global Coiled Tubing (CT) Market : Analysis By Active CT Fleet, Application, Location, By Region, By Country : Opportunities and Forecast ( ) - (By Active CT Fleet Application (Well Intervention, Drilling, Completion), Location(Onshore, Offshore); By Country (U.S, Canada, Mexico, Brazil, Venezuela, Norway, Russia, UK, China, India, Indonesia, Saudi Arabia, Iran, Nigeria) Global Well Head Equipment Market: Analysis By Equipment, By Application,By Market Type By Region, By Country: Opportunities and Forecast ( ) -(By Equipment (Master Valve, Hanger, Flanges, Others); By Application (Offshore, Onshore);By Market Type (OEM, Aftermarket), By Region (North America, Europe, Asia Pacific, LAMEA), By Country (USA, Canada, Norway, UK, Rest of Europe, China, India, Indonesia, Rest of Asia, Mexico, Saudi Arabia, Oman, Rest of LAMEA) Disclaimer: Azoth Analytics report information is based mainly on interviews and therefore, is subject to fluctuation. Azoth Analytics therefore, takes no responsibility for any incorrect information supplied to us by industry experts, manufacturers or users. Azoth does not warranty the completeness of the information and data. Also, analysis provided in the report are meant for customers internal use only and not for general publication or disclosure to third parties. 35