(MENAFN- America News Hour) A report on SURF (Subsea Umbilicals, Risers And Flowlines) Market has been added by Kenneth Research into its market research repository. The report provides an extensive analysis of the market by determining the relationship between the dependent and independent variables through correlation and regression for the forecast period, i.e., 2021 2025. The report on SURF (Subsea Umbilicals, Risers And Flowlines) Market further provides the supply and demand risks associated with the growth of the market, and consists of macro-economic indicators that are contributing to the market growth. The market is thriving on account of the growing trade on fuel worldwide, backed by the rising demand for energy from the end-users. According to the statistics by the World Bank, exports of fuel increased from 12.91% of merchandise exports in 2001 to 14.25% of merchandise exports in 2018. Additionally, imports of fuel registered a growth by 1.28x between the years 2001 and 2018. In 2001, the import of fuel was 10.30% of merchandise exports whereas in 2018, it was 13.19% of merchandise exports. On the other hand, the increasing focus of the players in the energy and power industry to lower their cost of operations so as to enhance their profitability, is also anticipated to contribute to the market growth. The natural gas rents, which is defined as the difference between the total cost of production of natural gas and the production value at world prices, decreased significantly from 0.40% of GDP in 2001 to 0.18% of GDP in 2017. Alternatively, the oil rents, which increased from 1.09% of GDP in 2001 to 1.30% of GDP in 2019, portrays the need amongst the players to enhance their focus in reducing the cost of production of oil.
The report titled 'Global SURF (Subsea Umbilicals, Risers and Flowlines) Market: 2018 World Market Review and Forecast to 2023' analyses the SURF market By Region (North America, South America, Africa, Europe, Middle East, APAC) and By Country (U.S., Mexico, Brazil, Argentina, U.K., Norway, Angola, Nigeria, Australia, China, Saudi Arabia). The report also analyses the market by Umbilical Type (Hydraulic Umbilical, Electro Hydraulic Umbilical, Electro- Fiber Optical Hydraulic Umbilical and Electro Hydraulic and Electro- Fiber Optical Hydraulic Umbilical with medium voltage cores); By Riser Type (Production Riser, Drilling Riser, Work Over Riser and Others). The report assesses the Subsea Umbilicals, Risers and Flowlines market for the actual period of 2013-2017 and the forecast period of 2018-2023.
According to Azoth Analytics research report 'Global SURF (Subsea Umbilicals, Risers and Flowlines) Market: 2018 World Market Review and Forecast to 2023', global market is projected to display a robust growth represented by a CAGR of 11.63% during 2018 – 2023, chiefly driven by high demand for energy in the American and Asian regions.
Moreover, 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.
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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 2023.
The report titled 'Global SURF (Subsea Umbilicals, Risers and Flowlines) Market: 2018 World Market Review and Forecast to 2023' has covered and analysed the potential of Global SURF Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global SURF market. Additionally, the report also highlights market entry strategies for various companies across the globe.
Scope of the Report
Global SURF Market (Actual Period: 2013-2017, Forecast Period: 2018-2023
• Global SURF Market– Size, Growth, Forecast
• By Type – Umbilical, Riser and Flowline
• By Umbilical Type – Hydraulic Umbilical, Electro Hydraulic Umbilical, Electro- Fiber Optical Hydraulic Umbilical and Electro Hydraulic and Electro- Fiber Optical Hydraulic Umbilical with medium voltage cores
• By Riser Type – Production Riser, Drilling Riser, Work Over Riser, Others)
Regional Markets – North America, South America, Europe, Africa, APAC and Middle East (Actual Period: 2013-2017, Forecast Period: 2018-2023)
• SURF Market– – Size, Growth, Forecast
• By Type – Umbilical, Riser and Flowline
Country Analysis – US, Mexico, Brazil, Argentina, U.K., Norway, Angola, Nigeria, Australia, China and Saudi Arabia (Actual Period: 2013-2017, Forecast Period: 2018-2023)
• SURF Market – Size, Growth, Forecast
• By Type – Umbilical, Riser and Flowline
Other Report Highlights
• Market Dynamics – Trends, Drivers, Challenges
• Porter's Five Forces Analysis
• SWOT Analysis
• Policy and Regulatory Landscape
• Company Analysis – Prysmian group, Aker Solutions, Technip FMC, Subsea 7, Saipem, McDermott International Inc., DeepOcean Group Holding BV, Ocean Installer AS, Actuant Corporation
Customization of the Report
The report could be customized according to the client's specific research requirements. No additional cost will be required to pay for limited additional research.
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