Subsea Umbilicals, Risers, And Flow Lines (SURF) Market is Expected to Grow at 7.84% CAGR during 2017 to 2021

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    Subsea Umbilicals, Risers, And Flow Lines (SURF) Market

    Global Subsea Umbilicals, Risers, and Flowlines (SURF) Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

    The report covers the present scenario and the growth prospects of the global subsea umbilicals, risers, and flowlines (SURF) market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

    Subsea umbilicals, riser, and flow lines act as a vital link between various operation centers in subsea drilling. They are designed to withstand high mechanical and chemical stresses and high operating temperatures and pressures to ensure the continuous and reliable supply of services in challenging environmental conditions below the sea. The global Subsea Umbilicals, Risers, And Flow Lines (SURF) market is highly dependent on the growth of the upstream oil and gas industry, which, in turn, is dependent on global crude oil prices.

    The global subsea umbilicals, risers, and flowlines (SURF) market to grow at a CAGR of 7.84% during the period 2017-2021.

    One trend in the market is new-generation automated drilling rigs. The recent slump in crude oil prices, which started in July 2014, has led to reduced capital expenditure for exploration activities. The decline in crude oil prices continues to shrink profit margins of upstream companies, thus calling for improving operational efficiencies.

    Subsea Umbilicals, Risers, And Flow Lines (SURF) Market Key Vendors Are: Aker Solutions, Prysmian Group, Schlumberger (OneSubsea), TechnipFMC, etc.

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    https://www.marketinsightsreports.com/reports/111656316/global-subsea-umbilicals-risers-and-flow-lines-surf-market-2017-to-2021/inquiry

    According to the report, one driver in the market is deepwater drilling turns economical. Oil companies have been exploring oil in far-flung locations since the time conventional oil reserves started to deplete, extracting oil from ultra-deepwater, Arctic offshore, and heavy oil sands. This required significant investments and advanced technologies. The shale boom that led to a sharp decline in oil prices in mid-2014 made it difficult for companies operating in deepwater to extract oil feasibly. Since crude oil prices slipped below the $50/barrel mark, it became almost impossible for companies drilling in deepwater to break-even, since costs incurred in deep sea drilling were high.

    Other prominent vendors of Subsea Umbilicals, Risers, And Flow Lines (SURF) Market are: ABB, Airborne Oil and Gas, Dril-Quip, EMAS Offshore, FMC Technologies, General Electric Company, Kongsberg Gruppen, McDermott International, National Oilwell Varco, Nexans, Oceaneering International, Parker Hannifin, Saipem, Siemens, Subsea 7, VALLOUREC.

    Subsea Umbilicals, Risers, And Flow Lines (SURF) Market Driver:

    • Deepwater drilling turns economical
    • For a full, detailed list, view our report

    Subsea Umbilicals, Risers, And Flow Lines (SURF) Market Challenges:

    • Uncertainties associated with low crude oil prices
    • For a full, detailed list, view our report

    Subsea Umbilicals, Risers, And Flow Lines (SURF) Market Trends:

    • New-generation automated drilling rigs
    • For a full, detailed list, view our report

    Inquire for Discount At: 

    https://www.marketinsightsreports.com/reports/111656316/global-subsea-umbilicals-risers-and-flow-lines-surf-market-2017-to-2021/discount  

    The Subsea Umbilicals, Risers, And Flow Lines (SURF) Market is divided into the following segments based on Geography:

    • Americas
    • APAC
    • EMEA

    Browse Full Report and Related Details at:

    https://www.marketinsightsreports.com/reports/111656316/global-subsea-umbilicals-risers-and-flow-lines-surf-market-2017-to-2021  

    Further, the report states that one challenge in the Subsea Umbilicals, Risers, And Flow Lines (SURF) Market is uncertainties associated with low crude oil prices. Crude oil has always been one of the most volatile commodities. This volatility in crude oil prices can be attributed to the complex and interweaved value chains and supply chain arrangements that are a result of the over-dependence of almost all world economies on oil. The price of crude oil has witnessed several ups and downs in the past decades. The rise and fall in crude oil prices have followed a vague trend over the past few years, which is now identified as the crude oil price cycle.

     

    The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

    Key Highlights of The Subsea Umbilicals, Risers, And Flow Lines (SURF) Market Report:

    • The key details related to Subsea Umbilicals, Risers, And Flow Lines (SURF) Market like the product definition, cost, variety of applications, demand and supply statistics are covered in this report.
    • Competitive study of the major Subsea Umbilicals, Risers, And Flow Lines (SURF) Market players will help all the market players in analyzing the latest trends and business strategies.
    • The study of emerging Subsea Umbilicals, Risers, And Flow Lines (SURF) Market segments and the existing market segments will help the readers in planning the business strategies.
    • Figure Global Production Market Share of Subsea Umbilicals, Risers, And Flow Lines (SURF) Market by Types and by Applications in 2017.

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