APAC Subsea Umbilicals, Risers and Flowlines Market size is expected to show tremendous growth from 2021 to 2027, according to a latest forecast report by Graphical Research.
The Asia Pacific market growth is on account of rising deep-water exploration along with ongoing offshore E&P activities across the mature fields. SURF forms the safe link within various operations in the deep sea. The rising demand for capital-intensive exploration techniques toward unconventional sources of energy coupled with escalating demand for oil & gas in highly populated countries including China, India, Bangladesh, and Indonesia will boost the industry potential.
The adoption of various techniques including Floating Production Units (FPU) and Floating Production Storage & Offloading (FPSO) is extensively increasing the demand for deep and ultradeep exploration, further propelling the overall industry growth. In addition, rising concern toward increasing gas production when compared to crude owing to various environmental concerns will boost the market demand.
Minimizing project development cost along with declining oil, chemical, and water transportation rates from wellheads to the process equipment will propel the flowline units demand across the APAC SURF market. In addition, ongoing technological advancements including the life cycle approach to develop an effective flowline system and further minimize the overall product wastage will complement the market growth.
Browse detailed statistical insights from the report, “Asia Pacific Subsea Umbilicals, Risers and Flowlines (SURF) Market Forecast 2027 By Water Depth (Shallow, Deep, Ultra-Deep), By Product (Umbilicals, Risers, Flowlines), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
The India subsea umbilicals, risers, and flowlines market will witness an upsurge over the projected timeframe owing to rapidly increasing industrialization along with surge in the demand for oil & gas across the manufacturing sector. In addition, the government of India initiative for 100% Foreign Direct Investment (FDI) in various sectors of oil & gas and refineries will positively sway the business scenario. Ongoing government policies, incentives, and programs to increase the overall crude production across the country will incline the private investments in the sector.
Ongoing public and private investments in the oil & gas field along with large scale exploration activities across the North & South China Sea will foster the China market. For instance, in August 2021, China National Offshore Oil Corp proposed tenders to invest and explore oil & gas at its 19 blocks in North China's Bohai Sea along with Zhujiangkou Basin & Yinggehai basin and Qiongdongnan basin in the South China Sea. Increasing number of tenders and operations to further expand the oil & gas sector in the country will stimulate the overall industry landscape.
The APAC Subsea Umbilicals, Risers and Flowlines market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027 for the following segments:
Asia Pacific Market, By Water Depth
Asia Pacific Market, By Product
The above information has been provided for the following countries: