Global SURF (Subsea Umbilicals, Risers and Flowlines) Market (2017-2022)

Global SURF (Subsea Umbilicals, Risers and Flowlines) Market: Analysis

By Type, By Region, By Country: Opportunities and Forecast (2017-2022) • By Water Depth – Shallow Water and Deep Water • By Type- Umbilical, Riser and Flowlines • By Umbilical Type- Hydraulic, Electro Hydraulic, Electro Fiber Optic Hydraulic, Electro Hydraulic and Electro Fiber Optical Hydraulic with Medium Voltage cores • By Riser Type- Production Riser, Drilling Riser, Work Over Riser and Others • By Region - North America, South America, Europe, Africa, Asia Pacific and Middle East • By Country - United States, Mexico, Brazil, Argentina, U.K., Norway, Nigeria, Angola, China, Australia and Saudi Arabia

September 2017

Table of Content S.No

Particulars

Page No.

1.

Research Methodology

16

2.

Executive Summary

17

3.

Strategic Recommendation

18

3.1

Increasing demand for Subsea tiebacks

19

3.2

Rapid transition towards Electro Hydraulic and Electro-Fibre optical Hydraulic Umbilical with medium voltage cores

20

4.

Global Oil and Gas Industry Outlook

21

5.

Global Subsea Outlook

24

6.

Global SURF Product Overview

27

7.

Global SURF (Subsea Umbilical, Riser and Flowline) Market: Growth and Forecast

31

7.1

7.2

7.3

Global SURF (Subsea Umbilical, Riser and Flowline) Market, By Value

31

7.1.1

By Value (2012-2016)

32

7.1.2

By Value (2017-2022)

38

Global SURF (Subsea Umbilical, Riser and Flowline) Market: By Water Depth (Shallow Water and Deep Water): Breakdown (%)

41

7.2.1

By Water Depth, 2016 (%)

42

7.2.2

By Water Depth, 2022 (%)

43

Global SURF (Subsea Umbilical, Riser and Flowline) Market: By Water Depth (Shallow Water and Deep Water)

44

7.3.1

By Value (2012-2016)

44

7.3.2

By Value (2017-2022)

44

2

Table of Content S. No

Particulars 7.4

7.5

7.6

7.7

7.8

8.

Global SURF Market: By Type (Umbilical, Riser and Flowline): Breakdown(%)

46

7.4.1

By Type, 2016 (%)

47

7.4.2

By Type, 2022 (%)

48

Global SURF Market: By Type (Umbilical, Riser and Flowline)

49

7.5.1

By Value (2012-2016)

49

7.5.2

By Value (2017-2022)

49

Global SURF Market: By Umbilical Type (Hydraulic Umbilical, Electro-Hydraulic Umbilical, Electro Hydraulic and Electro-Fibre optical, Electro Hydraulic and Electro-Fibre optical Hydraulic Umbilical with medium voltage cores)

51

7.6.1

By Value (2012-2016)

52

7.6.2

By Value (2017-2022)

52

Global SURF Market: By Riser Type (Production Riser, Drilling Riser, Work Over Riser and Others)

55

7.7.1

By Value (2012-2016)

56

7.7.2

By Value (2017-2022)

56

Global SURF Market-By Region (North America, Europe, APAC and ROW): Breakdown(%)

57

7.8.1

Global SURF Market Size, By Region, 2016 (%)

58

7.8.2

Global SURF Market Size, By Region, 2022 (%)

59

North America SURF Market: Growth and Forecast 8.1

Page No.

North America SURF Market: Growth and Forecast

60 60

8.1.1

By Value (2012-2016)

61

8.1.2

By Value (2017-2022)

63

3

Table of Content S. No

Particulars 8.2

8.3

8.4

8.5

9.

North America SURF Market: By Type (Umbilical, Riser and Flowline)

9.2

9.3

65

8.2.1

By Value (2012-2016)

65

8.2.2

By Value (2017-2022)

65

North America SURF Market: Country Analysis (United States & Mexico): Breakdown (%)

67

8.3.1

By Country, 2016 (%)

68

8.3.2

By Country, 2022 (%)

69

United States SURF Market

70

8.4.1

By Value (2012-2016)

70

8.4.2

By Value (2017-2022)

70

Mexico SURF Market

73

8.5.1

By Value (2012-2016)

73

8.5.2

By Value (2017-2022)

73

South America SURF Market: Growth and Forecast 9.1

Page No.

South America SURF Market: Growth and Forecast

75 75

9.1.1

By Value (2012-2016)

76

9.1.2

By Value (2017-2022)

77

South America SURF Market: By Type (Umbilical, Riser and Flowline)

80

9.2.1

By Value (2012-2016)

80

9.2.2

By Value (2017-2022)

80

South America SURF Market: Country Analysis (Brazil & Argentina): Breakdown (%)

81

9.3.1

By Country, 2016 (%)

82

9.3.2

By Country, 2022 (%)

83

4

Table of Content S. No

Particulars 9.4

9.5

10.

Brazil SURF Market

10.2

10.3

10.4

10.5

84

9.4.1

By Value (2012-2016)

84

9.4.2

By Value (2017-2022)

84

Argentina SURF Market

85

9.5.1

By Value (2012-2016)

85

9.5.2

By Value (2017-2022)

85

Europe SURF Market: Growth and Forecast 10.1

Page No.

Europe SURF Market: Growth and Forecast

87 87

10.1.1

By Value (2012-2016)

88

10.1.2

By Value (2017-2022)

90

Europe SURF Market: By Type (Umbilical, Riser and Flowline)

92

10.2.1

By Value (2012-2016)

92

10.2.2

By Value (2017-2022)

92

Europe SURF Market: Country Analysis (United Kingdom and Norway): Breakdown (%)

94

10.3.1

By Country, 2016 (%)

95

10.3.2

By Country, 2022 (%)

96

United Kingdom SURF Market

97

10.4.1

By Value (2012-2016)

97

10.4.2

By Value (2017-2022)

97

Norway SURF Market

99

10.5.1

By Value (2012-2016)

99

10.5.2

By Value (2017-2022)

99

5

Table of Content S. No 11.

Particulars Africa SURF Market: Growth and Forecast 11.1

11.2

11.3

11.4

11.5

12.

Africa SURF Market: Growth and Forecast

Page No. 102 102

11.1.1

By Value (2012-2016)

103

11.1.2

By Value (2017-2022)

104

Africa SURF Market: By Type (Umbilical, Riser and Flowline)

106

11.2.1

By Value (2012-2016)

106

11.2.2

By Value (2017-2022)

106

Africa SURF Market: Country Analysis (Nigeria and Angola): Breakdown (%)

107

11.3.1

By Country, 2016 (%)

108

11.3.2

By Country, 2022 (%)

109

Nigeria SURF Market

110

11.4.1

By Value (2012-2016)

110

11.4.2

By Value (2017-2022)

110

Angola SURF Market

113

11.5.1

By Value (2012-2016)

113

11.5.2

By Value (2017-2022)

113

Asia Pacific SURF Market: Growth and Forecast

115

12.1

Asia Pacific SURF Market: Growth and Forecast

115

12.1.1

By Value (2012-2016)

116

12.1.2

By Value (2017-2022)

117

6

Table of Content S. No

Particulars 12.2

12.3

12.4

12.5

13.

Asia Pacific SURF Market: By Type (Umbilical, Riser and Flowline)

Page No. 119

12.2.1

By Value (2012-2016)

119

12.2.2

By Value (2017-2022)

119

Asia Pacific SURF Market: Country Analysis (China and Australia): Breakdown (%)

120

12.3.1

By Country, 2016 (%)

121

12.3.2

By Country, 2022 (%)

122

China SURF Market

123

12.4.1

By Value (2012-2016)

123

12.4.2

By Value (2017-2022)

123

Australia SURF Market

124

12.5.1

By Value (2012-2016)

124

12.5.2

By Value (2017-2022)

124

Middle East SURF Market: Growth and Forecast

127

13.1

13.2

Middle East SURF Market: Growth and Forecast

127

13.1.1

By Value (2012-2016)

128

13.1.2

By Value (2017-2022)

129

Middle East SURF Market: By Type (Umbilical, Riser and Flowline)

132

13.2.1

By Value (2012-2016)

132

13.2.2

By Value (2017-2022)

131

7

Table of Content S. No

Particulars 13.3

13.4

14

Middle East SURF Market: Country Analysis (Saudi Arabia): Breakdown (%)

Page No. 133

13.3.1

By Country, 2016 (%)

134

13.3.2

By Country, 2022 (%)

135

Saudi Arabia SURF Market

136

13.4.1

By Value (2012-2016)

136

13.4.2

By Value (2017-2022)

136

Market Dynamics

137

14.1

Drivers

139

14.2

Challenges

143

15.

Market Trends

145

16.

Porter Five Force Analysis

149

17.

SWOT Analysis

151

18.

Policy and Regulatory Landscape

153

19.

Company Profiling

157

19.1

Prysmian group

158

19.2

Aker Solutions

161

19.3

Technip FMC

164

19.4

Subsea 7

166

19.5

Saipem

167

19.6

McDermott International Inc.

169

8

Table of Content S. No

20.

Particulars

Page No.

19.7

DeepOcean Group Holding BV

171

19.8

Ocean Installer AS

172

19.9

Actuant Corporation

173

About us & Disclaimer

176

9

List of Figures Figure No.

Figure Title

Page No.

Figure 1:

Global Crude Oil Production Market, By Volume, 2012-2016 (Million tonnes)

22

Figure 2:

Global Natural Gas Production Market, By Volume, 2012-2016 (Million tonnes)

22

Figure 3:

Global SURF (Subsea Umbilical, Risers and Flowlines) Market Size, By Value, 2012-2016 (USD Billion)

32

Figure 4:

Offshore oil exploration and production spending, 2011-2014 (USD Billion)

34

Figure 5:

Global Oil Demand Forecast, Billion Tonnes/year (2015-2030)

36

Figure 6:

Global Gas Demand Forecast, Billion Tonnes/year (2015-2030)

36

Figure 7:

Global Crude Oil Prices Actual and Forecast, USD per barrel; Brent (2011-2021)

37

Figure 8:

Global SURF (Subsea Umbilical, Risers and Flowlines) Market Size, By Value, Forecast, 2017-2022 (USD Billion)

38

Figure 9:

Global SURF Market Size, By Water Depth, 2016 (%)

42

Figure 10:

Global SURF Market Size, By Water Depth, 2022 (%)

43

Figure 11:

Global SURF Market: By Water Depth, By Value, 2012-2022 (USD Billion)

44

Figure 12:

Global SURF Market Size, By Type, 2016 (%)

47

Figure 13:

Global SURF Market Size, By Type, 2022 (%)

48

Figure 14:

Global SURF Market: By Type, By Value, 2012-2022 (USD Billion)

49

Figure 15:

Global SURF Market: By Umbilical Type, By Value, 2012-2022 (USD Billion)

52

Figure 16:

Global Umbilical Cord Component Market Share (%), 2016

54

Figure 17:

Global SURF Market: By Riser Type, By Value, 2012-2022 (USD Billion)

56

Figure 18:

Global SURF Market Size, By Region, 2016 (%)

58

Figure 19:

Global SURF Market Size, By Region, 2022 (%)

59

10

List of Figures Figure No.

Figure Title

Page No.

Figure 20:

North America SURF (Subsea Umbilical, Risers and Flowlines) Market Size, By Value, 2012-2016 (USD Billion)

61

Figure 21:

North America SURF (Subsea Umbilical, Risers and Flowlines) Market Size, By Value, Forecast, 2017-2022 (USD Billion)

63

Figure 22:

North America offshore E&P Spending, 2011-2016 (USD Billion)

64

Figure 23:

North America SURF Market: By Type, By Value, 2012-2022 (USD Billion)

65

Figure 24:

North America SURF Market Size, By Country, 2016 (%)

68

Figure 25:

North America SURF Market Size, By Country, 2022 (%)

69

Figure 26:

United States SURF Market, By Value, 2012-2022 (USD Billion)

70

Figure 27:

Mexico SURF Market, By Value, 2012-2022 (USD Billion)

73

Figure 28:

South America SURF (Subsea Umbilical, Risers and Flowlines) Market Size, By Value, 2012-2016 (USD Billion)

76

Figure 29:

South America SURF (Subsea Umbilical, Risers and Flowlines) Market Size, By Value, Forecast, 2017-2022 (USD Billion)

77

Figure 30:

South America SURF Market: By Type, By Value, 2012-2022 (USD Billion)

80

Figure 31:

South America SURF Market Size, By Country, 2016 (%)

82

Figure 32:

South America SURF Market Size, By Country, 2022 (%)

83

Figure 33:

Brazil SURF Market, By Value, 2012-2022 (USD Billion)

84

Figure 34:

Argentina SURF Market, By Value, 2012-2022 (USD Billion)

85

Figure 35:

Europe SURF (Subsea Umbilical, Risers and Flowlines) Market Size, By Value, 2012-2016 (USD Billion)

88

Figure 36:

Europe SURF (Subsea Umbilical, Risers and Flowlines) Market Size, By Value, Forecast, 2017-2022 (USD Billion)

90

Figure 37:

Europe SURF Market: By Type, By Value, 2012-2022 (USD Billion)

92

Figure 38:

Europe SURF Market Size, By Country, 2016 (%)

95

Figure 39:

Europe SURF Market Size, By Country, 2022 (%)

96 11

List of Figures Figure No.

Figure Title

Page No.

Figure 40:

United Kingdom SURF Market, By Value, 2012-2022 (USD Billion)

97

Figure 41:

Norway SURF Market, By Value, 2012-2022 (USD Billion)

99

Figure 42:

Africa SURF (Subsea Umbilical, Risers and Flowlines) Market Size, By Value, 2012-2016 (USD Billion)

103

Figure 43:

Africa SURF (Subsea Umbilical, Risers and Flowlines) Market Size, By Value, Forecast, 2017-2022 (USD Billion)

104

Figure 44:

Africa SURF Market: By Type, By Value, 2012-2022 (USD Billion)

106

Figure 45:

Africa SURF Market Size, By Country, 2016 (%)

108

Figure 46:

Africa SURF Market Size, By Country, 2022 (%)

109

Figure 47:

Nigeria SURF Market, By Value, 2012-2022 (USD Billion)

110

Figure 48:

Angola SURF Market, By Value, 2012-2022 (USD Billion)

113

Figure 49:

Asia Pacific SURF (Subsea Umbilical, Risers and Flowlines) Market Size, By Value, 2012-2016 (USD Billion)

116

Figure 50:

Asia Pacific SURF (Subsea Umbilical, Risers and Flowlines) Market Size, By Value, Forecast, 2017-2022 (USD Billion)

117

Figure 51:

Asia Pacific Oil Reserves, By Country (Onshore & Offshore)

118

Figure 52:

Asia Pacific Gas Reserves, By Country (Onshore & Offshore)

118

Figure 53:

Asia Pacific SURF Market: By Type, By Value, 2012-2022 (USD Billion)

119

Figure 54:

Asia Pacific SURF Market Size, By Country, 2016 (%)

121

Figure 55:

Asia Pacific SURF Market Size, By Country, 2022 (%)

122

Figure 56:

China SURF Market, By Value, 2012-2022 (USD Billion)

123

Figure 57:

Australia SURF Market, By Value, 2012-2022 (USD Billion)

124

Figure 58:

Middle East SURF (Subsea Umbilical, Risers and Flowlines) Market Size, By Value, 2012-2016 (USD Billion)

128

Figure 59:

Middle East SURF (Subsea Umbilical, Risers and Flowlines) Market Size, By Value, Forecast, 2017-2022 (USD Billion)

129

Figure 60:

Middle East SURF Market: By Type, By Value, 2012-2022 (USD Million)

132 12

List of Figures Figure No.

Figure Title

Page No.

Figure 61:

Middle East SURF Market Size, By Country, 2016 (%)

134

Figure 62:

Middle East SURF Market Size, By Country, 2022 (%)

135

Figure 63:

Saudi Arabia SURF Market, By Value, 2012-2022 (USD Billion)

136

Figure 64:

Prysmian Group Percentage Revenue, By Geography (2016)

159

Figure 65:

Prysmian Group Percentage, By Business area (2016)

159

Figure 66:

Prysmian Group Revenue, USD Million (2012-2016)

160

Figure 67:

Prysmian Group Revenue, By Business Segment, By Oil and Gas, USD Million (2016)

160

Figure 68:

Aker Solution Revenue, 2012-2016 (USD Million)

162

Figure 69:

Aker Solutions Sales, By Region, 2016 (%)

162

Figure 70:

Aker Solution Sales, By Business Group, 2016 (%)

163

Figure 71:

TechnipFMC Revenue, By Segment, USD Million (1Q2016)

165

Figure 72:

TechnipFMC Revenue, By Segment, USD Million (1Q2017)

165

Figure 73:

Saipem Revenue, 2012-2016 (USD Million)

168

Figure 74:

Saipem Sales, By Region, 2016 (%)

168

Figure 75:

McDermott Revenue, 2014-2016 (USD Million)

170

Figure 76:

McDermott Revenue, By Region, 2016 (%)

170

Figure 77:

Actuant’s Revenue, 2012-2016 (USD Million)

175

Figure 78:

Actuant’s Revenue, By Business Segment, 2016 (%)

175

13

List of Tables Table No.

Table Title

Page No.

Table A:

Offshore drilling worldwide, 2016E and 2017F

35

Table B:

Subsea Projects, 2017-2018

39

Table C:

Deep Water Reserves and Infrastructure (2012-2016)

50

Table D:

Oil production in Outer Continental Shelf (in barrels)

66

Table E:

Gas production in Outer Continental Shelf (MCF in 1,000 cubic feet)

66

Table F:

Rig Activities in South America during 2013-2016

78

Table G:

Oil proved reserves and production in major oil and gas producing regions in South and Central America, 2013-2016

79

Table H:

Gas proved reserves and production in major oil and gas producing regions in South and Central America, 2013-2016

79

14

Global SURF (Subsea Umbilicals, Risers and Flowlines) Market: Analysis By Type, By Region, By Country: Opportunities and Forecast (2017-

2022) - By Type (Umbilicals, Risers, Flowlines), By Region (N. America, S. America, Africa, Europe, Middle East, APAC), By Country (U.S., Mexico, Brazil, Argentina, U.K., Norway, Angola, Nigeria, Australia, China, Saudi Arabia)  Scope of the

 gStudy

 Global Coverage  Regional Coverage  Country Coverage

Global Coverage

Segment Coverage  By Type  By Umbilical Type  By Riser Type

Regional Coverage  North America  South America

 Global SURF Market– By Value (2012-2022)  Breakdown-By Water Depth (2012-2022)  Shallow Water  Deep Water  Breakdown-By Type (20122022)  Umbilical, Riser and Flowline  Breakdown-By Umbilical Type (2012-2022)  Hydraulic, Electro Hydraulic, Electro Fiber Optic Hydraulic, Electro Hydraulic and Electro Fiber Optical Hydraulic with Medium Voltage cores  Breakdown-By Riser Type (2012-2022)  Production Riser, Drilling Riser, Work Over Riser and Others

 Europe  Africa  Asia Pacific  Middle East



Region (North America, South America, Europe, Africa, Asia Pacific and Middle East)



Country (United States, Mexico, Brazil, Argentina, U.K., Norway, Nigeria, Angola, China, Australia and Saudi Arabia)

Country Coverage  U.S.  Mexico

 Brazil  Argentina  U.K.  Norway  Nigeria  Angola  China  Australia  Saudi Arabia

Company Coverage  Prysmian group  Aker Solutions  TechnipFMC  Subsea7  Saipem  McDermott International

Inc.  DeepOcean Group Holding BV  Ocean Installer AS  Actuant Corporation

 SURF Market- By Value (2012-2022)  SURF Market, By Type, By Value (2012-2022)

 SURF Market : By Value

(2012-2022)

 Financial Analysis  Sales  Business Overview  Product Launches

15

Research Methodology For our study on Global SURF (Subsea Umbilical, Riser and Flowline Market), we have conducted comprehensive secondary research followed by an extensive primary research.

In the process of

secondary research, we have scrutinized industry documents, accessed from open sources, premium paid databases (Bloomberg, Thomson Reuters, Factiva) and our internal primary research,

knowledge base. In the process of

we have interviewed various industry experts across the value chain of the Subsea

Industry.

Market size of the actual period (2012-2016) has been evaluated on the basis of growth trends of the industry in the last five years, and confirming the findings through primary research. Annual reports of the companies are scanned to further validate the market size and to estimate the size of various other applications. Market sizing and growth in the forecast period (2017-2022) is estimated through revenue and product mapping, growth of new advance equipments and technology and historical growth pattern of the industry. All the relevant data points/ statistics in the forecast period are validated through relevant and reliable primary sources.

Report Focus: Global SURF Market - By Water Depth (Shallow Water and Deep Water) - By Type (Umbilical, Riser and Flowline) - By Umbilical Type (Electro-Hydraulic Umbilical, Hydraulic Umbilical, Electro Hydraulic and Electro-Fibre optical Hydraulic Umbilical with medium voltage cores and Electro-Fibre Optical-Hydraulic Umbilical) - By riser type (Production Riser, Drilling Riser, Workover Riser and Others) - By Region (North America, South America, Europe, Africa, Asia Pacific and Middle East), - By Country (U.S., Canada, , Germany, France, U.K., Australia, China and India) - Company Coverage (Prysmian group, Aker Solutions, Technip FMC, Subsea 7, Saipem, McDermott International Inc., DeepOcean Group Holding BV, Ocean Installer AS, Actuant Corporation)

Companies Contacted: Technip 16

Global SURF Market- By Water Depth Shallow Water accounts for the major market share of 63.02%, in the year 2016.

Key Drivers

Figure: Global SURF Market Size, By Water Depth, 2016 (%)

Xxxx xxxx Shallow Water

Xxxx xxxx

Deep Water Xxxx xxxx

Source: Azoth Analytics Estimates

17

South America SURF Market: Country Analysis

Figure : South America SURF Market Size, By Country, 2016 (%) Key Drivers

Brazil

Xxxx xxxx

Argentina Xxxx xxxx

Others Xxxx xxxx

Source: Azoth Analytics Estimates

18

Africa SURF Market Africa SURF Market boosted by the growing offshore oil and gas exploration and production activities.

Figure: Africa SURF (Subsea Umbilical, Risers and Flowlines) Market Size, By Value, 2012-2016 (USD Billion) CAGR 2012-2016 xxxx %

2012

2013

2014 Source: Azoth Analytics Estimates

2015

2016

Xxxx Xxxx Xxxx Xxxx Xxxx

19

Asia Pacific SURF Market, By Type Figure: Asia Pacific SURF Market: By Type, By Value, 2012-2022 (USD Billion) CAGR 2012-2016 Umbilical: xxxx% Risers: xxxx% Flowlines: xxxx%

2012

2013

2014

2012

2015 Umbilical 2013

CAGR 2017-2022 Umbilical: xxxx% Risers: xxxx% Flowlines: xxxx%

2016 Risers 2014

2017

2018

2019

2020

2021

2022

Flowlines 2015

2016

2017

2018

2019

2020

2021

2022

Umbilical Risers Flowlines Source: Azoth Analytics Estimates Xxxx Xxxx Xxxx

20

About Azoth Analytics Pvt Ltd.

Azoth Analytics creates in-depth research reports by recording, interpreting and analyzing information through primary and secondary research. Our strategic market sizing and data dredging techniques include secondary research, interviews with key market players and industry experts and use of industry specific statistical tools which helps in designing and planning effective research for our global and local clients. We provide customized market research reports revealing the hidden truths on different verticals like pharmaceutical, oil and gas, retail, telecommunications, real estate, logistics, energy, healthcare, technology, FMCG, food & beverages and media sectors .

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Disclaimer: Azoth Analytics report information is based mainly on interviews and therefore, is subject to fluctuation. Azoth Analytics therefore, takes no responsibility for any incorrect information supplied to us by industry experts, manufacturers or users. Azoth does not warranty the completeness of the information and data. Also, analysis provided in the report are meant for customers’ internal use only and not for general publication or disclosure to third parties.

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