Subsea Flowlines Market Size - By Depth (Shallow, Deep, Ultra Deep), Regional Outlook, Competitive Market Share & Global Forecast, 2024

Description

List of Tables

Subsea Flowlines Industry is anticipated to register a CAGR of over 6.5% between 2024 and 2032. The increasing demand for oil & gas globally drives the need for efficient and reliable transportation infrastructure. Subsea flowlines help in connecting offshore oil and gas wells to production facilities, enabling the transfer of hydrocarbons from the seabed to onshore processing facilities.

Additionally, the technological advancement in subsea engineering significantly enhances the capabilities and reliability of subsea flowline systems. For instance, in October 2023, DeepOcean developed its Autonomous Inspection Drone (AID). The intelligent observation-class ROV could perform programmed inspections of subsea assets. Innovations in materials, design, and installation techniques have enabled the construction of flowlines that can withstand harsh underwater conditions, such as high pressures, corrosive environments, and extreme temperatures.

The overall subsea flowlines industry size is classified based on depth and region.

Shallow depth segment will record a notable growth through 2032, as they are more accessible and cost-effective to develop compared to deepwater or ultra-deepwater projects. This accessibility reduces the complexity and cost of subsea infrastructure installation and maintenance, making shallow depth projects more attractive to operators. Additionally, technological advancements have made it possible to deploy innovative subsea flowline solutions in shallow water environments.

Ultra-deep segment is slated to generate notable revenues during 2024-2032, due to the vast untapped potential in offshore hydrocarbon exploration and production. With traditional shallow and deepwater reserves becoming increasingly depleted, oil & gas companies are venturing into ultra-deepwater environments where significant reserves are believed to exist. Subsea flowlines help in transporting hydrocarbons from these wells to production facilities, enabling extraction in depths exceeding 6,000 feet.

North America subsea flowlines industry size will record a notable growth through 2032, attributed to the abundant offshore oil & gas reserves in the Gulf of Mexico. Technological innovations in drilling and subsea engineering enables efficient extraction of hydrocarbons from challenging offshore environments, further driving demand for subsea flowline systems. The stringent regulatory frameworks and environmental standards necessitate the adoption of advanced subsea technologies to ensure safety and compliance, contributing to the regional industry growth.

Product Code: 7907

Chapter 1 Methodology & Scope

1.1 Market definitions
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid
  - 1.4.2.2 Public

Chapter 2 Executive Summary

2.1 Business trends
2.2 Depth trends
2.3 Regional trends

Chapter 3 Subsea Flowlines Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Vendor matrix
3.2 Regulatory landscape
3.3 Industry impact forces
- 3.3.1 Growth drivers
- 3.3.2 Industry pitfalls & challenges
3.4 COVID- 19 impact on the industry outlook
3.5 Growth potential analysis
3.6 Porter's analysis
- 3.6.1 Bargaining power of suppliers
- 3.6.2 Bargaining power of buyers
- 3.6.3 Threat of new entrants
- 3.6.4 Threat of substitutes
3.7 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Strategic outlook
4.2 Innovation & sustainability landscape

Chapter 5 Subsea Flowlines Market, By Depth ('000 Feet & USD Million)

5.1 Key depth trends
5.2 Shallow
5.3 Deep
5.4 Ultra deep

Chapter 6 Subsea Flowlines Market, By Region ('000 Feet & USD Million)

6.1 Key regional trends
6.2 North America
- 6.2.1 U.S.
- 6.2.2 Canada
- 6.2.3 Mexico
6.3 Europe
- 6.3.1 UK
- 6.3.2 Norway
- 6.3.3 Netherlands
- 6.3.4 Russia
6.4 Asia Pacific
- 6.4.1 China
- 6.4.2 India
- 6.4.3 Indonesia
- 6.4.4 Malaysia
- 6.4.5 Thailand
- 6.4.6 Australia
6.5 Middle East & Africa
- 6.5.1 Angola
- 6.5.2 Nigeria
- 6.5.3 Egypt
- 6.5.4 Qatar
- 6.5.5 Saudi Arabia
- 6.5.6 UAE
6.6 Latin America
- 6.6.1 Brazil

Chapter 7 Company Profiles

7.1 Aker Solutions
7.2 Allseas
7.3 ArcelorMittal Energy Projects
7.4 Baker Hughes Company
7.5 Cabot Corporation
7.6 Halliburton
7.7 HOHN GROUP
7.8 Oceaneering International, Inc.
7.9 OneSubsea
7.10 Sapiem SpA
7.11 Strohm
7.12 SUBSEA7
7.13 TechnipFMC plc
7.14 Tenaris
7.15 Vallourec