Subsea Risers Market Size - By Depth (Shallow {SCR, Flexible}, Deep {SCR, Flexible}, Ultra Deep {SCR, Flexible}), By Product (SCR, Flexible), Regional Outlook & Forecast, 2024 - 2032

Subsea Risers Market Size - By Depth (Shallow {SCR, Flexible}, Deep {SCR, Flexible}, Ultra Deep {SCR, Flexible}), By Product (SCR, Flexible), Regional Outlook & Forecast, 2024 - 2032


Subsea risers market is anticipated to witness over 8.4% CAGR between 2024 and 2032, driven by the increasing demand for oil & gas exploration and production activities in deepwater and ultra-deepwater fields. For example, in January 2024, Indian state-controlled Oil & Natural Gas Corporation (ONGC) began oil production from its long-delayed deep-sea project in the Krishna Godavari basin in the Bay of Bengal. As traditional shallow-water reserves are depleted, the oil & gas industry is increasingly turning to deeper offshore locations, necessitating the use of subsea risers to transport hydrocarbons from the seabed to the surface. Rapid technological advancements in subsea equipment and materials have also improved the reliability and performance of subsea risers.

By eliminating the need for traditional fixed platforms or floating production systems, subsea production systems with risers offer cost-effective solutions for offshore developments. Furthermore, stringent safety and environmental regulations governing offshore operations are encouraging the use of subsea risers as they minimize the risk of oil spills and environmental damages compared to conventional surface facilities.

The subsea risers industry is divided into depth, product and region.

In terms of depth, the market size from the shallow segment is set to witness notable growth up to 2032, as they remain accessible and economically viable for exploration and production activities, particularly in the Gulf of Mexico, North Sea, and Southeast Asia. To that end, there is a sustained demand for subsea risers to facilitate the transportation of hydrocarbons from shallow-water reservoirs to surface facilities. Rising advancements in subsea riser technology have also made them more cost-effective and reliable, further encouraging adoption in shallow-water developments.

The SCR product segment in the subsea risers market is slated to record high revenue throughout 2032, due to rising need for enhanced flexibility, durability, and reliability in deepwater and ultra-deepwater applications. The robust construction of SCR systems, comprising steel catenary elements suspended between the seabed and floating production platforms, ensures superior resistance to fatigue and external pressures, making them well-suited for challenging offshore environments. Rising advancements in SCR technology, such as the development of corrosion-resistant coatings and monitoring systems, will further contribute to the segment growth.

Europe subsea risers industry size will witness rapid expansion between 2024-2032, attributed to significant offshore oil & gas reserves, particularly in the North Sea. Stringent environmental regulations in Europe are necessitating the adoption of advanced subsea technologies, including risers, to minimize the environmental impacts of offshore operations. Moreover, the ongoing advancements in subsea riser design and materials coupled with strong focus on cost optimization and efficiency in offshore projects will further stimulate the regional industry growth.


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 Industry 360 degree synopsis, 2019 - 2032
Chapter 3 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 Market Estimates and Forecast, By Depth ('000 Feet & USD Million)
5.1 Key trends
5.2 Shallow
5.2.1 SCR
5.2.2 Flexible
5.2.3 Others
5.3 Deep
5.3.1 SCR
5.3.2 Flexible
5.3.3 Others
5.4 Ultra deep
5.4.1 SCR
5.4.2 Flexible
5.4.3 Others
Chapter 6 Market Estimates and Forecast, By Product ('000 Feet & USD Million)
6.1 Key trends
6.2 SCR
6.3 Flexible
6.4 Others
Chapter 7 Market Estimates and Forecast, By Region ('000 Feet & USD Million)
7.1 Key trends
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 UK
7.3.2 Norway
7.3.3 Netherlands
7.3.4 Russia
7.4 Asia Pacific
7.4.1 China
7.4.2 India
7.4.3 Indonesia
7.4.4 Malaysia
7.4.5 Thailand
7.4.6 Australia
7.5 Middle East & Africa
7.5.1 Angola
7.5.2 Nigeria
7.5.3 Egypt
7.5.4 Qatar
7.5.5 Saudi Arabia
7.5.6 UAE
7.6 Latin America
7.6.1 Brazil
Chapter 8 Company Profiles
8.1 2H Offshore Engineering Ltd.
8.2 Acteon Group Ltd.
8.3 Aker Solutions
8.4 Aquaterra Energy Limited
8.5 Baker Hughes Company
8.6 Dril-Quip, Inc.
8.7 Halliburton
8.8 HOHN GROUP
8.9 Kinetic Pressure Control
8.10 Oil States Industries, Inc.
8.11 SLB
8.12 TechnipFMC plc
8.13 Tenaris
8.14 Vallourec
8.15 Weatherford

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