1 / 7

North America SURF Market to Witness Robust Expansion by 2027

North America SURF Market revenue share has growing with the strong exploration and production activities, along with investments in digital technology. The trend for umbilical has become pronounced to boost the transportation of services, including chemicals, electric power, and telecommunications. With the developments in subsea becoming pronounced, investments in subsea umbilicals, risers and flowlines (SURF) will be noticeable.

Djay123
Download Presentation

North America SURF Market to Witness Robust Expansion by 2027

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. North America SURF Market Future Scope, Competitive Analysis and Revenue till 2027: Graphical Research ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  2. North America SURF Market revenue share has growing with the strong exploration and production activities, along with investments in digital technology. The trend for umbilical has become pronounced to boost the transportation of services, including chemicals, electric power, and telecommunications. With the developments in subsea becoming pronounced, investments in subsea umbilicals, risers and flowlines (SURF) will be noticeable. Industry participants envisage opportunities in deepwater exploration, offshore investments, and production of crude oil & natural gas. Additionally, the growing installation of floating platforms and penetration of mature oil fields in deep & ultra-deep waters will augur well for the business forecast. According to an estimate, North America subsea umbilicals, risers and flowlines market size could witness an appreciable gain by 2027. End-users are likely to invest in deep and ultra-deep SURF systems to offset offshore operating limits and boost cable installation. Industry players are expected to seek cost-effective methods to streamline deep and ultradeep water installations. Deep offshore fields have gained traction with a concerted effort to expedite technological advancements in system design, thereby boosting operational efficiency. Additionally, well-established companies have upped investment in automation, digitization and in the exploration of crude oil discoveries. For instance, hybrid autonomous underwater vehicle/remote operated vehicle systems have witnessed immense developments across maintenance & repair techniques and inspection. With a surge in deep offshore and shallow E&P activities, North America is poised to witness profound investments in umbilical and risers. Moreover, favorable government policies have become apparent to maintain health, safety and environment during offshore operations. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  3. Get sample copy of this research report @ https://bit.ly/3zIJwDu Stakeholders are likely to inject funds into umbilical cable in the wake of surging deep and ultra-deepwater drilling businesses. Some of the factors such as cost efficiency, reliability, and the innate ability to transmit electrical signals will augur well for leading companies vying to propel North America SURF market volume. Besides, rigorous government regulations will also bolster safety while operating offshore. Although SURF installation has gained an uptick in the past few years, the COVID-19 outbreak hampered hydrocarbon E&P and drilling activities, and the need for subsea control systems. As such, leading companies are likely to emphasize the expansion of subsea project activities. They will potentially bank on the demand for oil and gas across the U.S. and Mexico. The competitive scenario of the North America subsea umbilicals, risers and flowlines market indicates investments in strategic alliance, innovation, R&D and product launches. Some of the leading companies in the landscape are National Oilwell Varco, McDermott, Siemens, Schlumberger, Vallourec, Saipem, TechnipFMC, John Wood Group PLC and General Electric, among several others. Market participants are expected to up their focus on cable installation to streamline power from the shore and subsequently prevent offshore operation limits. Not to mention, discovering and exploitation of offshore hydrocarbon fields will bolster the services adoption. Specifically, the growth of virtual reality (VR) for fast visualizing techniques will remain pivotal in executing and planning offshore SURF installations. Request for customization @ https://bit.ly/3dk65GZ ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  4. Segmentation of North America SURF Market: • North America Market, By Water Depth • Shallow • Umbilicals • Risers • SCR • Flexible • Others • Flowlines • Deep • Umbilicals • Risers • SCR • Flexible • Others • Flowlines • Ultra-deep • Umbilicals • Risers • SCR • Flexible • Others • Flowlines ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  5. North America Market, By Product • Umbilicals • Risers • SCR • Flexible • Others • Flowlines • The above information has been provided for the following countries: • North America • U.S. • Canada • Mexico ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  6. About Graphical Research: Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle. Contact Us: Parikhit B. Corporate sales, Graphical Research Email:sales@graphicalresearch.comWeb: https://www.graphicalresearch.com ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  7. Stay In Touch With Us For: Website: www.graphicalresearch.com Social Media: Assured Quality On-Time Delivery Payment Security Industry Experts ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

More Related