Global Oil & Gas Subsea Umbilicals Market Growth 2023-2029

Global Oil & Gas Subsea Umbilicals Market Growth 2023-2029

An umbilical, or umbilical cable, is a static or dynamic cable that is the vital link between subsea production and processing systems and the surface, as well as between elements within the larger subsea system via flying leads. Umbilicals are composite cables that have the ability to carry out a large range of processes. Their purpose includes: hydraulic power and chemicals; electric power; and telecommunications (fibre optics). Umbilicals are able to complete an assortment of tasks, including activating wells, managing subsea control panels, feeding information about temperatures, pressures, flows and well integrity back to the surface control teams, supplying hydraulic and electric power to wellheads and manifolds, as well as delivering chemicals to the subsea wells and into the production flows.

LPI (LP Information)' newest research report, the “Oil & Gas Subsea Umbilicals Industry Forecast” looks at past sales and reviews total world Oil & Gas Subsea Umbilicals sales in 2022, providing a comprehensive analysis by region and market sector of projected Oil & Gas Subsea Umbilicals sales for 2023 through 2029. With Oil & Gas Subsea Umbilicals sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Oil & Gas Subsea Umbilicals industry.

This Insight Report provides a comprehensive analysis of the global Oil & Gas Subsea Umbilicals landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Oil & Gas Subsea Umbilicals portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Oil & Gas Subsea Umbilicals market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Oil & Gas Subsea Umbilicals and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Oil & Gas Subsea Umbilicals.

The global Oil & Gas Subsea Umbilicals market size is projected to grow from US$ 3346.6 million in 2022 to US$ 5320.2 million in 2029; it is expected to grow at a CAGR of 5320.2 from 2023 to 2029.

Europe is the largest Oil & Gas Subsea Umbilicals market with about 32% market share. North America is follower, accounting for about 26% market share.

The key players are Oceaneering, Aker Solutions, Nexans, Technip, Prysmian, Subsea 7, Vallourec, Parker, Cortland, Orient Cable etc. Top 3 companies occupied about 40% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Oil & Gas Subsea Umbilicals market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Thermoplastic Hose Umbilical

Steel Tube Umbilical

Power Umbilical

Integrated Services Umbilical

Segmentation by application

Below 500m

501m-1000m

1001m-1500m

Above 1500m

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Oceaneering

Aker Solutions

Nexans

Technip

Prysmian

Subsea 7

Vallourec

Parker

Cortland

Orient Cable

Key Questions Addressed in this Report

What is the 10-year outlook for the global Oil & Gas Subsea Umbilicals market?

What factors are driving Oil & Gas Subsea Umbilicals market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Oil & Gas Subsea Umbilicals market opportunities vary by end market size?

How does Oil & Gas Subsea Umbilicals break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.