#Offshore Drilling Riser Market Analysis

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Future Outlook of Offshore Drilling Riser Market: 2.2% CAGR from 2025 to 2035

Offshore Drilling Riser Market Overview

The offshore drilling riser market is expected to increase at a compound annual growth rate (CAGR) of 2.2% between 2025 and 2035. Based on an average growth pattern, the worldwide offshore drilling riser market is expected to generate USD 5.38 billion in revenue by 2035. It is projected that the offshore drilling riser market would be worth USD 4.23 billion by 2025.

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Offshore Drilling Riser Market Analysis and Size

The automated process of offshore drilling is used to harvest natural gas and petroleum from the seabed. In the deep water and open ocean regions off the shore, it makes use of a fixed or movable platform. Typically, it takes petroleum out of the rock formation beneath the ocean floor. As the world's consumption of oil and petroleum products continues to rise, offshore drilling is becoming more and more popular.

Global investments in offshore exploration and production (E&P) activities have been fueled by rising crude oil prices. Contracts for offshore drilling risers have been driven by a notable increase in the number of final investment decisions for various offshore projects during the previous two years.

The Offshore Drilling Riser Market Size has been steadily growing due to increasing offshore exploration activities and technological advancements in deepwater drilling. Companies are investing in high-performance riser systems to ensure operational efficiency and safety. The market share is dominated by key industry players focusing on innovation and enhanced riser designs to meet the challenging conditions of offshore drilling.

Key Market Players

Tenaris

Schlumberger

Aker Solutions

Parker Hannifin

Dril-Quip

Baker Hughes

Claxton Engineering

Subsea 7

Weatherford

TechnipFMC.

Market Segments

By Type

Marine drilling riser

Tie-back drilling riser

By Material

Steel Risers

Titanium Risers

Composite Risers

By Application

Shallow Water (up to 300 meters)

Deep Water (300 to 1,500 meters)

Ultra-Deep Water (beyond 1,500 meters)

By Diameter

Less than 10 inch

10 to 15 inch

Above 15 inch

Offshore Drilling Riser Market Value and Growth

The Offshore Drilling Riser Market Value is expected to witness significant growth due to the rising demand for oil and gas exploration in deepwater locations. Market expansion is driven by increased investments in offshore rigs and improved drilling techniques. With the resurgence of offshore exploration projects, the Offshore Drilling Riser Market Growth is projected to accelerate over the forecast period.

Offshore Drilling Riser Market Trends

Several Offshore Drilling Riser Market Trends are shaping the industry:

Technological Advancements: Enhanced riser systems with better fatigue resistance and corrosion protection.

Increased Deepwater Exploration: Growing interest in deepwater and ultra-deepwater fields.

Sustainability Initiatives: Focus on eco-friendly drilling solutions to reduce environmental impact.

Adoption of Digital Technologies: Integration of IoT and AI for monitoring and predictive maintenance.

Offshore Drilling Riser Market Potential

The Offshore Drilling Riser Market Potential remains high, especially in regions with untapped offshore reserves. The Middle East, North America, and Asia-Pacific are expected to be key contributors to market growth. With advancements in drilling riser technologies and increasing investments in offshore projects, the market holds strong potential for expansion.

Offshore Drilling Riser Market Forecast

According to industry experts, the Offshore Drilling Riser Market Forecast indicates a steady rise in demand for high-performance riser systems. The market is expected to experience robust growth due to:

Rising energy demand driving offshore exploration.

Investments in next-generation riser technologies.

Strategic collaborations between oil & gas companies and riser manufacturers.

Offshore Drilling Riser Market Analysis

An Offshore Drilling Riser Mar Analysis reveals that competition among market players is intense, with companies focusing on research and development to improve product efficiency. The market is witnessing increased mergers and acquisitions as industry leaders seek to strengthen their foothold. Factors such as regulatory policies, geopolitical conditions, and fluctuating oil prices also influence market dynamics.

Frequently Asked Questions

What is the market size of Offshore Drilling Riser Market in 2025?

What is the growth rate for the Offshore Drilling Riser Market?

Which are the top companies operating within the market?

Which region dominates the Offshore Drilling Riser Market?

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Conclusion

The Offshore Drilling Riser Market is poised for significant growth in the coming years, driven by increasing deepwater exploration activities and technological advancements. As energy demand continues to rise, the need for efficient and durable offshore drilling risers will remain high. Companies investing in innovation and sustainable practices are likely to gain a competitive edge in this evolving market landscape.

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Surf (Subsea Umbilicals Risers And Flowlines) Market Is Estimated To Witness High Growth Owing To Technological Advancements

The SURF (Subsea Umbilicals Risers and Flowlines) market deals with the installation maintenance and operation of equipment used in the offshore oil and gas industry. Subsea umbilicals provide power communication and chemical injection to the various subsea systems. Risers are necessary to transport oil gas and other fluids from the seabed to the surface while flowlines allow the transportation of these fluids between subsea wells and processing facilities. The growing demand for oil and gas coupled with technological advancements in offshore exploration and production activities are driving the growth of the SURF market. Market Key Trends: One key trend observed in the SURF market is the increasing adoption of advanced technologies. Technological advancements have transformed the offshore oil and gas industry enabling efficient exploration and production activities. For instance the use of advanced materials in subsea umbilicals and risers improves their strength and durability in harsh offshore environments. Similarly the development of intelligent flowline monitoring systems helps detect leakages and prevent environmental damages. These advancements enhance the safety reliability and efficiency of subsea operations thereby driving the growth of the SURF market. The global SURF (Subsea Umbilicals Risers and Flowlines) Market Size is estimated to be valued at US$34.1 billion in 2021 and is expected to reach US$ 34.1 Billion by 2022 growing at a CAGR of 12.9% from 2023 to 2030. PEST Analysis: Political: The SURF market is influenced by political factors such as government regulations policies and geopolitical tensions. Changes in regulations regarding offshore drilling activities can impact the market dynamics. For example stricter environmental regulations may require the implementation of advanced technologies for minimizing environmental impacts. Social: Social factors like increasing energy demand population growth and environmental concerns impact the SURF market. The rising global population and growing energy consumption drive the demand for oil and gas which leads to the development of new offshore projects and drives the SURF market. Additionally the focus on sustainable development and environmental conservation calls for the adoption of technologies that minimize the ecological impact of offshore operations. Technological: Technological advancements play a crucial role in shaping the SURF market. Innovations in materials sensors communication systems and automation technologies have led to improved safety efficiency and productivity in subsea operations. These technological advancements enable deeper and more challenging offshore exploration and production activities driving the demand for SURF products and services. Key Takeaways: The global SURF market is expected to witness high growth exhibiting a CAGR of 12.9% over the forecast period due to increasing offshore oil and gas exploration and production activities. With the growing energy demand and depleting onshore reserves companies are focusing on offshore resources which drives the demand for SURF products. In terms of regional analysis the Asia Pacific region is expected to be the fastest-growing and dominating region in the SURF market. The increasing investments in offshore drilling activities particularly in countries like China India and Australia drive the demand for SURF products in this region. In conclusion the SURF market is witnessing significant growth due to technological advancements and increasing offshore exploration and production activities. The adoption of advanced technologies such as intelligent monitoring systems and advanced materials enhances the safety efficiency and reliability of subsea operations. The Asia Pacific region is expected to witness the highest growth in the SURF market driven by investments in offshore drilling activities. Key players in this market are continuously innovating to provide efficient and sustainable solutions to meet the increasing demands of the offshore oil and gas industry.

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Global SURF (Subsea Umbilicals, Risers, and Flowlines) Market is Estimated to Witness High Growth Owing to Increasing Offshore Exploration and Production Activities

The global SURF market is estimated to be valued at US$ 34.1 billion in 2021 and is expected to exhibit a CAGR of 12.9% over the forecast period of 2022 to 2030, as highlighted in a new report published by Coherent Market Insights.

A) Market Overview:

The SURF market consists of subsea umbilicals, risers, and flowlines that play a crucial role in offshore oil and gas production operations. Subsea umbilicals are used to transfer power, chemicals, and communications signals between the surface facilities and the subsea wells. Risers are vertical pipelines that connect the subsea wells to the surface facilities for the transfer of produced hydrocarbons. Flowlines are horizontal pipelines that transport the produced hydrocarbons from the riser to the processing facilities onshore.

B) Market Dynamics:

1. Increasing Offshore Exploration and Production Activities:

The SURF market is driven by the growing demand for oil and gas globally, leading to increased offshore exploration and production activities. Offshore fields offer substantial reserves and have the potential to meet the rising energy demand. For instance, deepwater fields in regions like the Gulf of Mexico, Brazil, and West Africa are witnessing significant investments in SURF infrastructure to extract oil and gas from challenging offshore environments.

2. Technological Advancements in Subsea Systems:

Advancements in subsea technologies have improved the efficiency and reliability of SURF systems. The development of lightweight, durable, and corrosion-resistant materials for umbilicals and flowlines enhances their performance and longevity in harsh subsea conditions. Additionally, the integration of sensors and monitoring systems in SURF components enables real-time data transmission for proactive maintenance and troubleshooting, reducing downtime and ensuring operational safety.

C) Market Key Trends:

One key trend in the SURF (Subsea Umbilicals, Risers, and Flowlines) Market  is the adoption of digitalization and automation in subsea operations. The integration of artificial intelligence, robotics, and data analytics in SURF systems enables remote monitoring, predictive maintenance, and autonomous operations. For example, subsea robots equipped with sensors and cameras can inspect and repair subsea infrastructure without human intervention, minimizing the need for costly and risky diver interventions.

D) SWOT Analysis:

- Strengths: Technological advancements in subsea systems, increasing offshore exploration and production activities.

- Weaknesses: High upfront costs of SURF installations, environmental challenges in deepwater operations.

- Opportunities: Growing demand for renewable energy systems, expansion of deepwater exploration in emerging markets.

- Threats: Volatility in oil prices, regulatory uncertainties in offshore drilling activities.

E) Key Takeaways:

In paragraph 1: The global SURF market is expected to witness high growth, exhibiting a CAGR of 12.9% over the forecast period, due to increasing offshore exploration and production activities.

In paragraph 2: The fastest-growing and dominating region in the SURF market is expected to be the Asia Pacific due to the rising energy demand, growing offshore investments, and technological advancements in subsea systems.

In paragraph 3: Key players operating in the global SURF market include Prysmian Group, Aker Solutions, TechnipFMC plc, SUBSEA 7, Saipem S.p.A., McDermott International, Ltd., DeepOcean Group Holding BV, Schlumberger, Halliburton, NOV Inc., Vallourec, Oceaneering International, and Siemens.

As the global SURF market continues to evolve with technological advancements and increasing offshore activities, it offers significant opportunities for players involved in subsea infrastructure development and operation. The adoption of digitalization, automation, and sustainable practices will further drive the growth of the SURF market in the coming years.

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Landing String Equipment Market Size New Industry Research Report.  Market by Report | Forecast by,2030.

Market Research Future published a raw research report on the global landing string equipment market Size that contains the information from 2021–2027.  The global landing string equipment marketis expected to register a~6.51% CAGR during the forecast period, 2021–2027.

Landing string equipment are a combination of systemsthat are installed between the tubing hanger and the first riser point. The landing string system generally contains equipment such as a subsea test tree, lubricator valve, and retainer valve. Moreover, landing new and advanced string equipment are used owing to their compatibility with conventional drill pipe handling systems. This system enables higher running speeds as compared to alternative landing methods. On the other hand, traditional drill strings focus primarily on the ability to transfer drilling torque.

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The global landing string equipment market size is projected to reach a valuation of by 2027, with ~6.51% CAGR during the forecast period.

Based onapplication, the global landing string equipmentmarket has been dividedintodeepwater, ultra-deepwater, shallow water, and others. The deepwater segment is expected to hold the largest share in the global market during the forecast period due to an increase in deep-sea mining to meet the energy requirement across the globe. Moreover, deepwater is one of the major application areas for landing string equipment as many companies across the world are focusing on reviving the pending projects of deepwater. Additionally, deepwater offshore application accounts for asignificant share of the operated production of various companies and is a strategic and fast-growing segment for some major companies, including TotalEnergies

Based on region, the landing string equipmentmarket has been segmented into Asia-Pacific, North America, Europe, the Middle East&Africa, and South America. North America accounts for the largest share of the landing string equipment market due to increasing offshore drilling projects and subsea processing. Such investments would accelerate the growth of landing string equipment in this region.

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The key players operating in the global landing string equipmentmarket are Expro Holdings UK 2 Ltd., National Oilwell Varco Inc., Superior Energy Services Inc., Vallourec SA, Yantai Enerserva Machinery Co. Ltd., Enovate Systems Ltd., Expro Group, Quail Tools, Schlumberger Ltd., Superior Energy Services, Inc., Thyssenkrupp AG, Technip FMC, and Interventek Subsea Engineering.

This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging and high-growth segments. The market data comprises the basic assessment of the competitive scenarios and strategies in the global landing string equipmentmarket, including high-growth regions and/or countries and political and economic environments. The project report further provides both historical market values and pricing and cost analysis

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Offshore Cranes Market Size to Observe Steady Growth, 2022-2030 | MRFR

Offshore Cranes Market -Overview

The escalation in offshore activities for oil & Gas and fishing is estimated to promote the expansion of the offshore cranes market 2020. The energy & power industry reports are produced by Market Research Future, which highlights market options for expansion.  An income of USD 26.21 Billion is likely to be gained with a 9.01% CAGR by 2025.

The upswing in production & drilling operations is estimated to create a favorable momentum for the offshore cranes market. The mounting subsea construction vessel & offshore crane industry is projected to transform the offshore cranes market in the impending period.

Segmental Analysis

The segmental assessment of the offshore cranes market is conducted based on the duty cycle, design type, type, end-use, lifting capacity, and region. Based on the type, the offshore cranes market is segmented into fixed crane, mobile crane, and marine & port crane. Based on the design types, the offshore cranes market has been segmented into telescopic, knuckle boom, lattice, and others. On the basis of the lifting capacity, the offshore cranes market has been segmented into 500 – 3,000 mt, up to 500 metric ton (mt), and above 3,000 mt. On the basis of the duty cycle, the offshore cranes market is segmented into intermediate duty, production duty, and drilling duty. On the basis of regions, the offshore cranes market has been segmented into South America, Europe, North America, Asia-Pacific, the Middle East, and Africa.

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Detailed Regional Analysis

The regional scrutiny of the offshore cranes market has been segmented South America, Europe, North America, Asia-Pacific, the Middle East, and Africa. The Asia-Pacific regional market is anticipated to control the chief market share all through the forecast period. Due to the boost in offshore exploration and production of oil and gas operations within nations such as Australia, Malaysia, China, and Thailand, which is anticipated to encourage the development of the offshore cranes market in these countries throughout the forecast period.

Competitive Analysis

The fortification of the human resource is estimated to be the critical point being addressed in these times of uncertainty. The rebooting of manufacturing activities is another strategic aspect that is being emphasized to ensure that the supply of the end product can be reasonably ensured to the users in the market. The support of the administration in countries around the world is estimated to have a significant impact on the development of the market in the upcoming period. The market is in a state of flux due to the rapid and severe changes in the global economy. The market players are taking the steps that are necessary to ensure that the market survives the turbulent period and emerge recovered in the future. The revamping of distribution channels is also expected in the coming years with a particular focus on using robots for the logistic function on a larger scale than before.

The significant market contenders are Huisman Equipment B.V. (The Netherlands), Cargotec (Finland), Liebherr (Switzerland), XCMG Group (China), National Oilwell Varco (US), Zoomlion (China), Konecranes (Finland), Manitowoc (US), Kenz Figee (the Netherlands), Palfinger (Austria), Seatrax, Inc (US), and American Crane, TEREX Corporation (US), and Equipment Corporation (US). 

Industry Updates:

Mar 2020 Zamil Shipyards, which is a part of Zamil Offshore Services Company, and KenzFigee have signed a Memorandum of Understanding (MoU) for cooperation in the Kingdom of Saudi Arabia for the supply of offshore crane services and restricted construction of KenzFigee offshore cranes & equipment.

Feb 2020 Sparrows Group will provide three cranes for Qatargas offshore North Field expansion project under a sub-contract to McDermott International; the corporation will distribute an EC1000 crane for a riser platform and two of its EC750 cranes for installation on wellhead platforms.

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Subsea Production and Processing Market Research Report

Global Subsea Production and Processing Market

The GMI Research forecasts that the Subsea Production and Processing Market is witnessing an upsurge in demand over the forecast period. This is mainly due to their rising consumption in the packaging industry and various features imparted by them like less operating cost and plant availability.

Introduction of the Subsea Production and Processing Market

Subsea production and processing include wells located on the seafloor as opposed to the surface. The well is lodged by a portable rig despite building a production platform for that well. These systems usually have 7,000 ft or more depths with the potential to extract and transport by riser or even by an undersea pipeline to a production platform nearby.

Key Players of the Global Subsea Production and Processing Market:

·        Aker Solutions

·        Baker Hughes Company

·        Halliburton

·        TechnipFMC plc

·        Schlumberger Limited

·        Weatherford

·        China Oilfield Services Limited

·        Kerui Petroleum

·        Oceaneering International, Inc.

·        NOV Inc.

Subsea Production and Processing Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

The crucial drivers responsible for the increasing prominence of the global subsea production and processing market are the augmenting oil and gas discoveries encouraged by liberalization, increasing completion and drilling procedures for oil and gas industry, and the considerable reduction in on-shore petroleum reserves.  For example, ConocoPhillips, in 2020, embarked a remarkable discovery in PL 891 on the Slagugle prospect, located 14 miles north-northeast of Heidrun field in the Norwegian Sea. Also, the growing exploration & production activities in the ultra-deepwater and deepwater acreages led by the mounting energy requirement along with the aggravating offshore drilling activities will further strengthen the Subsea Production and Processing market size. Furthermore, escalated recovery factors, less susceptibility to hydrate formation, and assimilation of subsea fields contribute to market growth.

However, as per Subsea Production and Processing market research, adverse operating conditions, lack of technological knowledge, and excessive upfront investments will hinder market growth. Moreover, fluctuating prices of gas and crude oil, political and technological risks, rigorous government norms towards environmental safety are expected to curb the market growth.

Subsea Production and Processing Market Segmentation:

Segmentation by Production System Component

·        Subsea Trees

·        Subsea Umbilical, Risers, & Flowlines

·        Subsea Wellhead

·        Others

Segmentation by Processing System Type

·        Boosting

·        Separation

·        Injection

·        Gas Compression

Segmentation by Water Depth

·        Shallow Water

·        Deepwater and Ultra-Deepwater

Segmentation by Region:

·        North America

o   United States of America

o   Canada

 ·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a consulting company that provides business insights and research reports for every enterprise. Our team helps understand market dynamics like size, share, drivers, growth opportunities, and other aspects. Our team of analysts and industry experts conducts market intelligence studies to make sure all relevant and fact-based research across enormous sectors such as FMCG, Technology, Energy, Healthcare, and other industries. The prime emphasis is to keep our clients updated about the opportunities and challenges in a wide range of industries. We offer complete assistance to our clients through strategic services to reach a managerial and actionable decision.  We always look forward to helping businesses stay ahead of the curve.

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Global Underwater Monitoring System for Oil and Gas Market: Strict Safety Regulatory Inspiring Adoption 2017 – 2025

A recent study by Transparency Market Research (TMR) suggests that in the global oil and gas sector, the underwater monitoring system market is undeniable, though the presence of a vast number of regional and country-wide vendors is keeping the competitive landscape distributed. The TMR report identifies Kongsberg Maritime, SONARDYNE, Schlumberger-OneSubea, Teledyne Marine, DSPComm, Fugro, Ocean Sonics, Mitcham Industries, and KCF Technologies as some of the key participants of the global underwater monitoring system for oil and gas market.

As per the projections of the report, the demand in the global underwater monitoring system for oil and gas market will multiply at an impressive CAGR of 6.43% during the forecast period of 2017 to 2025. The report has evaluated that the underwater monitoring system market in the oil and gas sector was worth merely US$680.0 mn in 2016, and estimates it to accumulate a valuation of US$1881.3 mn by the end of the forecast period, i.e. 2025.

It has been detected by the report that based on the type of subsea sensor, the global underwater monitoring system for oil and gas market gains maximum demand for pressure sensors and riser technology, whereas on the basis of monitoring systems, the market for acoustic sensor category is most prominent. Among the wireless sensors networks, SCADA contributed almost two-third of the demand in 2016, while frequency division multiple access (FDMA) was most in-demand communication method. Geographically, Asia Pacific leads the demand among all regions, although North America and Europe are also sustaining a strong demand-flow.

Increased Offshore Explorations Driving Demand

For an offshore oil and gas operation, underwater monitoring systems are essential, constantly monitoring and ensuring the integrity of offshore or subsea installation. The use of these systems improves safety of the operation. Underwater monitoring systems is culmination of various sensors, equipment, and technologies, which gather the real time data and make it available for fast paced decision making. This is a key process in a high risk and complex environment that oil and gas industry operates under.

It has been observed that most of the existing oil reserves have approached a stage of maturity. Consequently, there is a need to locate, explore, and develop new oil reserves, which is also expected to boost the market for underwater monitoring system for oil and gas market. In addition to that, recent technological advancement has made the deep offshore reserves to be developed economically and safely. The increased number of offshore activity indicate better opportunity for underwater monitoring systems for oil and gas market. In the oil and gas industry, the underwater monitoring systems has wide range of applications in various activities right from exploration, pre installation survey/baseline studies, construction & installation to drilling, production, decommissioning and others. Subsea structure monitoring, asset integrity monitoring, underwater pipeline integrity monitoring are some of the key applications of underwater monitoring system for oil and gas market.

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Environmental Concerns Opening New Opportunities

According to the author of the report, strict regulatory norms of safety increased environmental concerns are opening new opportunities for the vendors operating in the global underwater monitoring system for oil and gas market. The underwater monitoring system provides real time data about health of subsea oil and gas production installations, underwater pipeline integrity, and rig infrastructure. This real time data enhances the ability of quick and better decision making which further prevents any potential of failure of system.

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Global Flexible pipes Market - Growth Drivers, Opportunities and Forecast Analysis to 2026

Flexible pipes Industry

Description

Global Flexible Pipes Market is accounted for $915.93 million in 2017 and is expected to reach $1,470.07 million by 2026 growing at a CAGR of 5.4% during the forecast period. Increasing demand for engineering grade flexible materials, rise in activities such as exploration of oil & gas reserves and technological advances in the drilling process are the factors propelling the market growth. However, stringent regulations in the oil & gas industry and decreasing crude oil prices are some of the factors hindering the market growth. Moreover, the discovery of new oil reserves is providing ample opportunities for the market growth.

A flexible pipe is a vacuum type tube made to carry fluids from one place to another. These pipes are utilized in offshore and onshore oil & gas exploration and creation process. Flexible pipe is characterized by a composite construction of layers of different materials, which allows large amplitude deflections without adverse effects on the pipe.

By application, offshore flexible pipes are broadly used in applications such as chemical injection pipes and risers. These pipes assist to explore and expand petroleum reserves that are situated beneath a water body, such as river, sea, lake, or ocean. Offshore drilling and production activities are rising due to the growing importance of profound and ultra-deepwater activities in most of the regions.

Based on geography, North America is attributed to held growth during the forecast period due to the rising number of oil and gas E&P activities being undertaken. Factors such as industrial advancements in horizontal and pad drilling and the large quantity of shale oil and gas reserves will enhance the use of flexible pipes in the exploration of oil and gas in the region.

Some of the key players profiled in the Flexible pipes include National Oilwell Varco, Technipfmc PLC, Deepflex, Soluforce, Shawcor Ltd., Airborne Oil & Gas B.V., GE Oil & Gas Inc., Prysmian S.p.A., Flexsteel Pipeline Technologies, Contitech AG, Pipelife Nederland B.V., Magma Global Ltd. and Chevron Phillips Chemical Company LLC.

ALSO READ https://www.einpresswire.com/article/484300459/flexible-pipes-industry-sales-supply-and-consumption-2019-analysis-and-forecasts-to-2026      

Product Types Covered: • Jumpers • Risers • Fluid Transfer Lines • Flow Lines

Types Covered: • Silicone Flexible Pipe • Insulated Flexible Pipe • Metric Flexible Pipe • Other Types

Raw Materials Covered: • Polyamides (PA) • Polyvinylidene Fluoride (PVDF) • High-Density Polyethylene (HDPE) • Stainless Flexible Pipe • Rubber Flexible Pipe • Polyvinyl Chloride (PVC) Flexible Pipe • Aluminium Flexible Pipe • Teflon Flexible Pipe • Other Raw Materials

Applications Covered: • Onshore • Offshore

End Users Covered: • Manufacturing • Water Treatment • Oil & Gas • Mining • Chemical and Petrochemical • Other End Users

Regions Covered: • North America • Europe • Asia Pacific • South America • Middle East & Africa

FOR MORE DETAILS: https://www.wiseguyreports.com/reports/3679698-flexible-pipes-global-market-outlook-2017-2026  

What our report offers: - Market share assessments for the regional and country level segments - Market share analysis of the top industry players - Strategic recommendations for the new entrants - Market forecasts for a minimum of 9 years of all the mentioned segments, and the regional markets - Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations) - Strategic recommendations in key business segments based on the market estimations - Competitive landscaping mapping the key common trends - Company profiling with detailed strategies, financials, and recent developments - Supply chain trends mapping the latest technological advancements

Table of Content

1 Executive Summary

2 Preface

3 Market Trend Analysis

4 Porters Five Force Analysis

5 Global Flexible Pipes Market, By Product Type

6 Global Flexible Pipes Market, By Type

7 Global Flexible Pipes Market, By Raw Material

8 Global Flexible Pipes Market, By Application

9 Global Flexible Pipes Market, By End User

10 Global Flexible Pipes Market, By Geography

11 Key Developments

12 Company Profiling 12.1 National Oilwell Varco 12.2 Technipfmc PLC 12.3 Deepflex 12.4 Soluforce 12.5 Shawcor Ltd. 12.6 Airborne Oil & Gas B.V. 12.7 GE Oil & Gas Inc. 12.8 Prysmian S.p.A. 12.9 Flexsteel Pipeline Technologies 12.10 Contitech AG 12.11 Pipelife Nederland B.V. 12.12 Magma Global Ltd. 12.13 Chevron Phillips Chemical Company LLC

Continued...            

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Well Intervention Market - Global Forecast to 2023

Market Scenario

The well intervention market is anticipated to garner a CAGR of 3.5% during the forecast period (2017-2023), Market Research Future (MRFR) unveils in a detailed report. Well intervention is the operation which is being carried out during the life of an oil well. These operations are generally carried out to improve the production as well as for the maintenance of the well.

Market Potential and Pitfalls

The global well intervention market is expanding at breakneck speed due to the surging demand for oil across the globe and constant depletion of oil reserves. Rapid industrialization and urbanization call for an increased demand for energy, which further supports the growth of the market in the foreseeable future. The augmenting production of oil and gas, coupled with the regeneration of aging wells and fields are further encouraging the market growth. Well intervention services offer certain benefits like stimulation of well to make it ready for production by improving the hydrocarbon’s flow, cleaning up of the wells, monitoring the on-going operations in the wells, and offering annular seal to isolate specific sections of the well. These services are considered key components of oil and gas exploration and production procedure. These benefits offered by well intervention are likely to create growth opportunities for the market in the long run.

On the contrary, strict mandates and regulations for production and exploration of oil and natural gas are considered to impede the market growth. Moreover, the growing focus on renewable energy is likely to restrict the growth of the market across the globe.

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Global Well Intervention Market: Segmental Analysis

The global well intervention market is segmented on the basis of service and application.

By service, the well intervention market is segmented into stimulation, logging and bottom hole survey, re-perforation, artificial lift, and others. Among these, logging and bottom hole survey is likely to gain prominence due to high production of oil and gas from shale reserves and shale gas revolution. With the growing production of an unconventional resource shale in Asia Pacific and America, logging and bottom hole survey has gained importance.

By application, the well intervention market is segmented into onshore and offshore. Among these, the offshore application is likely to expand at the fastest rate due to the surging demand for well intervention services on the offshore oil rigs. The rising deep-water drilling, along with the production activities and the growing number of maturing subsea wells are contributing to the growth of the offshore application segment.

Regional Frontiers

Geographically, the well intervention market spans across the Asia Pacific, North America, Europe, and Rest of the World (RoW).

Considering the global scenario, North America occupies the largest share in the well intervention market due to the ongoing shale gas revolution prevailing in the region. The regional market’s course is also directed by factors such as the increased production activities in this region. The surging production of crude oil, along with the increased production rate of natural gas is estimated to be primary growth factors for well intervention in the region.

The Asia Pacific is considered an emerging regional market in well intervention due to the surging use of intervention services in oil and shale services. The increased production and exploration activities due to increased demand for energy, especially from Indonesia, India, and China is further accelerating the growth of the market.

Industry Updates

June 2019: An affiliate of Edison Chouest Offshore, C-Innovation, has recently secured a contract from BP. The contract aims towards performing riser less light well intervention (RLWI) in the region of the Gulf of Mexico. The offshore work includes both hydraulic and mechanical acid simulation.

Competitive Dashboard

The top players dominating the global well intervention market include Halliburton Company (U.S.), GE Oil & Gas (U.K.), TechnipFMC plc. (U.K.), Schlumberger Limited (U.S.), Weatherford International Plc. (Switzerland), Baker Hughes Incorporated (U.S.), Trican Well Service Ltd. (Canada), Archer Limited (U.K.), Basic Energy Services, Inc. (U.S.), Superior Energy Services, Inc. (U.S.), and others.

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Underwater Monitoring System Latest Trends estimates to accumulate a valuation of US$1881.3 mn

A recent study by Transparency Market Research (TMR) suggests that in the global oil and gas sector, the Underwater Monitoring System Latest Trends is undeniable, though the presence of a vast number of regional and country-wide vendors is keeping the competitive landscape distributed. The TMR report identifies Kongsberg Maritime, SONARDYNE, Schlumberger-OneSubea, Teledyne Marine, DSPComm, Fugro, Ocean Sonics, Mitcham Industries, and KCF Technologies as some of the key participants of the global underwater monitoring system for oil and gas market.

As per the projections of the report, the demand in the global underwater monitoring system for oil and gas market will multiply at an impressive CAGR of 6.43% during the forecast period of 2017 to 2025. The report has evaluated that the underwater monitoring system market in the oil and gas sector was worth merely US$680.0 mn in 2016, and estimates it to accumulate a valuation of US$1881.3 mn by the end of the forecast period, i.e. 2025.

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It has been detected by the report that based on the type of subsea sensor, the global underwater monitoring system for oil and gas market gains maximum demand for pressure sensors and riser technology, whereas on the basis of monitoring systems, the market for acoustic sensor category is most prominent. Among the wireless sensors networks, SCADA contributed almost two-third of the demand in 2016, while frequency division multiple access (FDMA) was most in-demand communication method. Geographically, Asia Pacific leads the demand among all regions, although North America and Europe are also sustaining a strong demand-flow.

Increased Offshore Explorations Driving Demand

For an offshore oil and gas operation, underwater monitoring systems are essential, constantly monitoring and ensuring the integrity of offshore or subsea installation. The use of these systems improves safety of the operation. Underwater monitoring systems is culmination of various sensors, equipment, and technologies, which gather the real time data and make it available for fast paced decision making. This is a key process in a high risk and complex environment that oil and gas industry operates under.

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It has been observed that most of the existing oil reserves have approached a stage of maturity. Consequently, there is a need to locate, explore, and develop new oil reserves, which is also expected to boost the market for underwater monitoring system for oil and gas market. In addition to that, recent technological advancement has made the deep offshore reserves to be developed economically and safely. The increased number of offshore activity indicate better opportunity for underwater monitoring systems for oil and gas market. In the oil and gas industry, the underwater monitoring systems has wide range of applications in various activities right from exploration, pre installation survey/baseline studies, construction & installation to drilling, production, decommissioning and others. Subsea structure monitoring, asset integrity monitoring, underwater pipeline integrity monitoring are some of the key applications of underwater monitoring system for oil and gas market.

Environmental Concerns Opening New Opportunities

According to the author of the report, strict regulatory norms of safety increased environmental concerns are opening new opportunities for the vendors operating in the global underwater monitoring system for oil and gas market. The underwater monitoring system provides real time data about health of subsea oil and gas production installations, underwater pipeline integrity, and rig infrastructure. This real time data enhances the ability of quick and better decision making which further prevents any potential of failure of system.

The information presented in this review is based on a Transparency Market Research report, titled, “Underwater Monitoring System for Oil and Gas Market (Subsea Sensor – Pressure Sensors, Temperature Sensors, Proximity Sensors, Inclinometers, Rotation Sensors, Load Sensors for Tension and Compression, Linear Displacement Gauges, Flexible pipe systems, Riser Technology, and Pipeline type; Monitoring Systems – Acoustic Sensor Market  (Underwater Vehicle, Doppler Current Profiler, Sonobuoys, and Hydrophones (Cable and Autonomous)), Wireless Sensors Networks (3G/GPRS Communication Module, RTU, and SCADA), and Satellite Radio Navigation; Communication Method – FDMA, TDMA, CDMA, and SDMA) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025.”

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[rdagade]

Global Thermoplastic Pipe Market

Global Thermoplastic Pipe Market

was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2026, at a CAGR of around XX % during a forecast period.

Thermoplastic pipes have unique characteristics like flexibility, high chemical resistance, low installation cost, high mechanical strength, greater flow, etc. Considering to these unique characteristics, thermoplastic pipes are preferred over metal pipes & considered as the best option for oil and gas offshore drilling practices.

Growing applications of thermoplastic pipe through sectors like oil & gas, chemical, mining & dredging along with application in deep water & ultra-deep-water are main factor driving the growth of the market towards the north.

Nevertheless, high costs associated with production of thermoplastic pipes is a key factor restraining growth of global thermoplastic pipe market. In addition, lack of skilled workforce, and complex process of reinforcing fiber from thermoplastic resin are some other factors projected to hinder the growth of global thermoplastic pipes market over the forecast period.

According to application, oil & gas application is projected to grow with increasing demand for flexible pipes, umbilical, and risers. The thermoplastic pipe market is expected to grow with increasing deep, ultra-deepwater applications for oil & gas industry, as well as water and wastewater pipes for municipal application.

Expansions made by the industry players mainly consist of mergers & acquisitions, and expansions. The companies are constantly investing in R&D to introduce high-quality pipes with modified and improved properties. They are also investing in expansion of their production facilities in different countries to reinforce their global reach.

Geographically, the market in Asia Pacific currently accounts for major market share in terms of revenue as compared to that of markets in other regions. This can be attributed to growing oil & gas exploration activities, and increasing demand for thermoplastic pipes in chemical industry in developing economies such as China, India, etc. The market in North America accounted for second-highest revenue share in global thermoplastic pipes market, because of increasing shale gas projects in countries in the region. Similarly, the market in Middle East is anticipated to show moderate growth over the forecast period, on account of discovery of new hydrocarbon reserves in the region.

The report offers detailed insights, revenue details, and other vital information regarding the market, and the several trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and in depth information regarding the many key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. Global thermoplastic pipes market report has been segmented on the basis of type, application, and region.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global thermoplastic pipe market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in global thermoplastic pipe market.

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Scope of Global Thermoplastic Pipe Market

Global Thermoplastic Pipe Market, By Type

• PVC

• PE

• PA

• PP

• PVDF

• Others

Global Thermoplastic Pipe Market, By Application

• Oil & Gas

• Municipal

• Chemical

• Mining & dredging

Global Thermoplastic Pipe Market, By Region

• North America

• Europe

• Asia Pacific

• Middle East & Africa

• South America

Key Players Operating in Global Thermoplastic Pipe Market

• Technip

• Advanced Drainage Systems Inc.

• Chevron Phillips Chemical

• Airborne Oil & Gas B.V.

• Georg Fischer Piping Systems Ltd.

• Simtech, Inc.

• National Oilwell Varco, L.P.

• Prysmian S.p.A.

• IPEX Inc.

• Aetna Plastics Corporation.

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Subsea Well Access System Market : Industry Outlook by 2027

Global Subsea Well Access System Market: Overview

The global subsea well access system market is primarily driven by plummeting production from the oil and gas reserves together with ageing offshore fields. A quick shift toward subsea regions is the emerging trend in oil and gas production sector, marking an important divergence from the usual methods of production. Some of the subsea environment exists in most unexplored and extremely remote parts of the earth. Working in such an environment renders intervention and monitoring extremely difficult. It poses some environmental issues and unique challenges for the workers and the companies alike.

Type and region are the two parameters based on which the global subsea well access system market has been segmented for better understanding of the market.

Global Subsea Well Access System Market: Notable Developments

One of the developments that characterize the changing course of the global subsea well access system market is as mentioned below:

In April 2016, leading oilfield services company, Schlumberger Limited, declared about its merger with Houston based Cameron International Corporation. The latter is a provider of equipment for the oil and gas industry. This merger amalgamated two technology portfolios and converted into a pore-to-pipeline services and products offering for the oil and gas industry across the globe. It is likely to offer a technology driven market growth for the merged company.

Some well-known organizations in the global subsea well access system market comprise the below-mentioned:

Halliburton Company

Weatherford International Limited

National Oil Well Verco Inc.

Baker Hughes Incorporated

Schlumberger Limited

GE Oil & Gas

Global Subsea Well Access System Market: Key Trends

The following drivers, opportunities, and restraints characterize the global subsea well access system market over the review period, from 2019 to 2027.

Expansion of the Drilling Activities and Maturing Offshore Reserves to Boost Market

The global subsea well access system market is likely to be influenced by increasing concern for safety and growing need for increased production from the reserves. In addition, expansion of the exploration activities in the oil and gas industry is also likely to add impetus to the global subsea well access system market. Rising offshore exploration and production together with drilling activities is likely to impact the market. It has also led to the increased demand for heavy intervention systems in the ageing subsea wells. This factor is prophesized to open up new opportunities for growth for the global subsea well access system market over the forecast tenure.

Safety measures and production efficiency can be improved with the use of subsea well access system. Based on product type, the market is divided into rig less and rig based well access systems. Rig based access system is extremely costly and finds use in heavy well intervention. Rig less well access system is cost effective and is utilized in medium and light well interventions.

Rig based system is sub-divided into landing string systems and completion workover riser.  However, expensive and lengthy rig based well access system is likely to offer ample opportunities for high growth for rig less systems over the assessment tenure, from 2019 to 2027. Furthermore, increasing demand for energy is likely to necessitate use of offshore interventions, which is anticipated to boost the global subsea well access system market.

On the other hand, environmental issues pertaining to the use of the system are likely to impede the growth of the global subsea well access system market.

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Global Subsea Well Access System Market: Geographical Analysis

To offer comprehensive view of the global subsea well access system market, TMR experts have split the market on the basis of regions. Latin America, Europe, Asia Pacific, the Middle East and Africa, and North America comprise the major regions of the market.

North America is likely to come up as a leading regional segment for the global subsea well access system market. Growth of the region in the market in the region is mainly due to maturing of the offshore oil fields in the Gulf of Mexico. Furthermore, recent shale discoveries in Mexico and Canada are expected to offer immense growth potential for the regional market over the assessment tenure.

[hudsonespie]

Optimizing Performance

According to the U.N. Conference on Trade and Development (UNCTAD), the three key drivers of global shipping change are liner consolidation, technical advances and climate change policy. Each will directly impact margins and needs to be addressed with a sharp eye on the bottom line and an emphasis on performance optimization. 

Climate change policy is already having an impact on shipping, particularly in the area of emissions, so let’s start with a topic much in the news these days – scrubbers.

Planning

MarEx caught up with Kings Pointer Craig Gundry, General Manager of Fassmer Technical Projects (FTP), for an inside look at scrubber technology. Gundry’s core leadership and execution team boasts more than 500,000 hours of scrubber engineering and installations.  

In discussing the upcoming effective date, he expresses concern that industry experts aren’t being consulted to ensure the most cost- and time-effective integration of these systems. He says there are lots of misconceptions about project safety, pricing, system weight and footprint, electrical load and the importance of planning. With the deadline quickly approaching, time considerations from planning to commissioning can be upwards of 15 months. 

Gundry offers a breakdown of the concerns for the installation of a scrubber system. First and foremost is being brutally honest about the skills and capabilities of your own internal team of project managers and installers. Next is finding the most suitable scrubber supplier, design house (engineering firm) and integrators or shipyards. 

An experienced turnkey organization that can execute on all decisions with regards to materials, installation, testing, commissioning and demonstration of compliance will place an organization in the best position for success. Design and procurement should ideally be completed six months prior to installation. Then allow two to five weeks to stage and prepare for the project after material and equipment delivery in order to reduce downtime during install.

Materials Selection

With regard to specific materials, Gundry focuses on availability, weight and footprint. “Best practices learned from the cruise industry should be applied in other sectors when it comes to material selection for scrubber installations,” he states, noting that there have been significant improvements in piping materials, particularly in the glass-reinforced category such as glass-reinforced epoxy (GRE) and glass-reinforced vinyl ester (GRVE). “Misunderstanding the critical differences between GRVE, GRE, PE 100 & PE Lined-Pipe has been a perilous mistake for many owners executing scrubber installations,” he adds.   GRE & GRVE (OEMs include Future Pipe & Fibersol, respectively) are ideal for corrosive fluid conditions requiring lightweight, high-reliability and mechanical strength (superior axial and circumferential values) along with shock resistance. It should be noted that despite GRE and GRVE’s very similar chemical composition, the bonding material is not compatible.  

GRE and GRVE have their downsides, of course, as it may be harder to reroute in some areas around critical systems that can’t easily be moved, particularly for in-service retrofits. GRE and GRVE cannot be fabricated to all the same geometries as steel pipes, so at times the two pipe types will be mixed.  

Polyethylene (PE) 100, produced by Georg Fischer Piping Systems, among others, is ideal for retrofits but requires more space, is heavier and has a bigger outside diameter to achieve the same inner diameter as steel/stainless steel SMO 254 and GRE/GRVE. For newbuilds, PE coated piping is cost- and install-effective and can be prefabricated with precise geometry. However, you cannot weld these pre-lined pipes without damaging the coating, which can cause problems.    Mike Seggelink of Minneapolis-based coating firm Graco, Inc. confirms how a pipeline service company they dealt with had welded pre-coated PE and thus destroyed the integrity of the coating. This caused drastically reduced revenues and massive delays in order to properly re-coat and maintain job compliance and permitting.

Gundry’s parting advice is to be wary of entrusting 100 percent of your scrubber project (OEM, design, integration) to a single organization in order to maintain checks and balances. In addition to understanding the primary quality control issues with regard to specialized piping systems, owner/operators should ensure they have the correct planning, engineering and procedures in place. Most of FTP’s work centers around post-scrubber installation repairs. 

Steve Hartsaw, Senior Project Manager for W&O Supply, also encourages customers to avoid the madness by engaging early. He explains the supply/demand balance for scrubbers is already being disrupted and causing delayed deliveries as a result of postponing orders.   For those seeking additional scrubber pump solutions, century-old, Denmark-based DESMI produces the NSL vertical in-line stainless steel pump and boasts high efficiencies of up to 85 percent with short delivery times.

Pump Challenges

On December 10, 2017, the U.K.-registered Pride of Kent struck a jetty and grounded while departing France. The U.K. Marine Accident Investigation Branch cited the loss of a bow thruster due to fuel pump problems following a change to ultra-low-sulfur fuel (ULSF), which resulted in the thrusters tripping and reduced engine and shaft speeds when maneuvering. The serviceable life of the main engine fuel pumps was reduced from as much as five years to two months.  

One way of countering this particular threat may be from Hoboken-based Sims Pump Valve Company, which makes SIMSITE® and advertises itself as “the official pump and parts supplier to the U.S. Navy.” Its structural composites have been proven to solve common pump problems related to corrosion, erosion, cavitation, electrolysis, rotor imbalance, premature bearing failure and leakage. Shock-tested to U.S. Navy/NAVSEA standards and installed on hundreds of warships over the years, if you have 99 problems, a pump shouldn’t be one of them. 

SIMS President John Kozel recognizes that in difficult times it may be hard to pay for more costly parts but stresses that “Payback will prove to be extremely quick – in most cases less than a year. You can buy a quality item for 50 or 100 percent more, and it will last you two to ten times as long and save the time and costs of labor hours and logistics that are typically not considered when comparing products at the time of purchase.” Kozel also says it’s imperative that ship managers plan required maintenance and develop spare parts programs accordingly.

Offshore Gains

For other incremental gains, major offshore projects have incorporated the use of ONIS Quick-Action Line Blinds that can blank-off 1”-50” lines with one person and zero tools. To complement, Norway’s Eltorque AS is a leading manufacturer of electric valve actuators and control systems with the slogan, “The Future Is Electric.” Eltorque believes that securing a maintenance-free operation during the lifecycle of the actuator is crucial for customers as is providing the best operational flexibility, the lowest power consumption and the smallest footprint.

For those in oil and gas, mature laser technology used by NASA as well as the nuclear, aerospace and defense industries has been introduced to the oilfield tube and pipeline markets. Texas-based LaserStream, LP has developed the Bore Erosion Measurement & Inspection System (BEMIS?) pipe scanner for tubing, casing, risers, drill pipe and in-plant systems applications. Its highly detailed dimensional data is easily visualized through 3D-rendered software that feeds failure-mode effect and analysis (FMEA) models for remaining life analysis.  

As the industry continues moving digital and surveys switch from periodical to Condition Monitoring (CM) and Condition Based Maintenance (CBM) cycles, automation leaders such as Kongsberg are providing holistic solutions for engines and rotating equipment (compressors, thrusters, pumps, fans, gears and bearings).  

Using an array of advanced sensor technology for vibration, acoustics, pressure, temperature and electrical readings, data is time-stamped with information from automation and navigation systems (i.e., vessel speed, weather conditions) and then quickly analyzed against predetermined criteria. Big Data is visually presented for a current condition and includes remaining useful life (RUL) calculations.  Planned maintenance and surveys can be evaluated locally or as fleet-wide comparisons. – MarEx 

Sean Holt writes on technology for The Maritime Executive.

from Storage Containers https://www.maritime-executive.com/article/optimizing-performance via http://www.rssmix.com/

[rahulpande15]

Offshore Cranes Market 2022 Worldwide Industry Trends, Share, Gross Margin & Forecast To 2030

Offshore Cranes Market -Overview

The escalation in offshore activities for oil & Gas and fishing is estimated to promote the expansion of the offshore cranes market 2020. The energy & power industry reports are produced by Market Research Future, which highlights market options for expansion.  An income of USD 26.21 Billion is likely to be gained with a 9.01% CAGR by 2025.

The upswing in production & drilling operations is estimated to create a favorable momentum for the offshore cranes market. The mounting subsea construction vessel & offshore crane industry is projected to transform the offshore cranes market in the impending period.

Segmental Analysis

The segmental assessment of the offshore cranes market is conducted based on the duty cycle, design type, type, end-use, lifting capacity, and region. Based on the type, the offshore cranes market is segmented into fixed crane, mobile crane, and marine & port crane. Based on the design types, the offshore cranes market has been segmented into telescopic, knuckle boom, lattice, and others. On the basis of the lifting capacity, the offshore cranes market has been segmented into 500 – 3,000 mt, up to 500 metric ton (mt), and above 3,000 mt. On the basis of the duty cycle, the offshore cranes market is segmented into intermediate duty, production duty, and drilling duty. On the basis of regions, the offshore cranes market has been segmented into South America, Europe, North America, Asia-Pacific, the Middle East, and Africa.

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Detailed Regional Analysis

The regional scrutiny of the offshore cranes market has been segmented South America, Europe, North America, Asia-Pacific, the Middle East, and Africa. The Asia-Pacific regional market is anticipated to control the chief market share all through the forecast period. Due to the boost in offshore exploration and production of oil and gas operations within nations such as Australia, Malaysia, China, and Thailand, which is anticipated to encourage the development of the offshore cranes market in these countries throughout the forecast period.

Competitive Analysis

The fortification of the human resource is estimated to be the critical point being addressed in these times of uncertainty. The rebooting of manufacturing activities is another strategic aspect that is being emphasized to ensure that the supply of the end product can be reasonably ensured to the users in the market. The support of the administration in countries around the world is estimated to have a significant impact on the development of the market in the upcoming period. The market is in a state of flux due to the rapid and severe changes in the global economy. The market players are taking the steps that are necessary to ensure that the market survives the turbulent period and emerge recovered in the future. The revamping of distribution channels is also expected in the coming years with a particular focus on using robots for the logistic function on a larger scale than before.

The significant market contenders are Huisman Equipment B.V. (The Netherlands), Cargotec (Finland), Liebherr (Switzerland), XCMG Group (China), National Oilwell Varco (US), Zoomlion (China), Konecranes (Finland), Manitowoc (US), Kenz Figee (the Netherlands), Palfinger (Austria), Seatrax, Inc (US), and American Crane, TEREX Corporation (US), and Equipment Corporation (US). 

Industry Updates:

Mar 2020 Zamil Shipyards, which is a part of Zamil Offshore Services Company, and KenzFigee have signed a Memorandum of Understanding (MoU) for cooperation in the Kingdom of Saudi Arabia for the supply of offshore crane services and restricted construction of KenzFigee offshore cranes & equipment.

Feb 2020 Sparrows Group will provide three cranes for Qatargas offshore North Field expansion project under a sub-contract to McDermott International; the corporation will distribute an EC1000 crane for a riser platform and two of its EC750 cranes for installation on wellhead platforms.

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Distributed Buoyancy Modules Market : Dynamics, Segments and Supply Demand with Forecast 2026

The offshore oil & gas sector is slated to witness a rebound after drastic decline in prices of oil and gas in the last few of years. Increased risks associated with offshore drilling and stricter regulations have propelled the demand for distributed buoyancy modules for use in offshore oil and gas platforms.  Buoyancy element is composed of the syntactic foam which is encapsulated in external skin made of polyethylene. Flexible pipes used in offshore oil and gas production require specific geometric configuration to reduce tension loads in offshore platforms. Distributed buoyancy modules allow achieving and maintaining these particular configurations by being fixed to the outside of the riser. Properties of the syntactic foam are optimized to reach the required buoyancy at the operating water depth for supporting offshore oil and gas platforms.

Planning to lay down strategy for the next few years? Our report can help shape your plan better.

In the offshore industry, buoyancy modules are required so as to provide uplift to subsea risers, pipelines, cables, and umbilical and other structures. Discreet buoyancy units called distributed buoyancy modules (DBMs) are attached to floating conduits. The distributed buoyancy modules market has been segmented based on component, application, and region. Based on component, the distributed buoyancy modules market can be classified into clamp and floatation units. A clamp is designed to act as an interface between the conduit and the floatation column in an offshore platform. Based on application, the distributed buoyancy modules market can be divided into deep buoyancy systems, insulated risers, and offshore platforms.Distributed buoyancy modules offer multiple benefits. It reduces top tension loads. It helps in maintaining project-specific riser configuration. It is fast, efficient, and it has safe offshore installation. It helps reduce the weight of the pipeline during installation. Discrete buoyancy modules can be strapped to the pipeline on board the vessel or in the case of a shore pull installed on land.

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A key restraint for the distributed buoyancy modules market is that excess usage of these modules can prove to be capital-intensive. Another restraint is high cost of investment and production of distributed buoyancy modules. The subsea ecosystem is hampered, as distributed buoyancy modules are placed on the subsea structure or vessel platform. Repairing the damaged distributed buoyancy modules situated deep in the ocean bed is a tedious task.The distributed buoyancy modules market in Asia Pacific is expanding due to rising population in the region. This has increased the need for exploration and production of oil from different sources beneath the water and has raised the demand for distributed buoyancy modules. Hotbed areas of subsea oil and gas activities in Asia Pacific are primarily located in countries such as Vietnam, Australia, China, Malaysia, and Indonesia. This, in turn, has led to increase in the demand for distributed buoyancy modules in the region.

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The market for distributed buoyancy modules in North America is emerging due to increased offshore oil and gas activities in the region. In Europe, countries such as France, Germany, and the U.K. are witnessing increase in the demand for distributed buoyancy modules, due to rapid increase in marine activities. Regions such as Latin America and Africa are expected to witness increase in the demand for distributed buoyancy modules in the near future.Key players operating in the global distributed buoyancy modules market are Deep Down Inc., Subsea, Fendercare Marine, Trelleborg, and Bardot Group.

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Single Point Anchor Reservoir (SPAR) Market : Structure and Overview of Key Market Forces Propelling Market

Global Single Point Anchor Reservoir Market: Overview

Single point anchor reservoir (SPAR) refers to a certain type of offshore oil platform that provides a base to extract and process oil in ultra-deep water regions. With rising global population and rapid urbanization, the demand for energy is constantly increasing, which is urging the operators of oil and gas to move beyond onshore resources and explore offshore opportunities. Consequently, the demand in the global single point reservoir market is expected to expand at a healthy growth rate during the forecast period of 2016 to 2024.

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This report on global single point anchor reservoir market is an all-inclusive analysis of the market in its current scenario, and based on the factors that are anticipated to influence the demand, it presents estimations of the future until 2024. The report also features a section on company profiles, wherein a number of prominent players have been analyzed for their market share, basic details, and recent strategic developments. The global market for single point anchor reservoir can be segmented on the basis of product, into cell, classic, and truss SPAR. Geographically, the report explores the opportunities available in the regions of Asia Pacific, North America, Europe, and Rest of the World.

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Global Single Point Anchor Reservoir Market: Trends & Opportunities

Consistently increasing demand for natural gas and crude oil is the primary driver of this market, and will remain prominent for the entire duration of the forecast period. Although there are currently very few SPAR platform across the world, their evident benefits are being noticed by the operators and consequently, preference is shifting past conventional oil extraction platforms constructed on the sea or ocean beds. The benefits of SPAR includes excellent deep draft design, which provides robust resistance against wind and waves, enclosed cylinder that acts as a protective barrier for equipment and risers, and hull, which helps in storing the produced oil and gas. The report also expects the rapid industrialization across the emerging economies to extend the demand for fossil fuels, which in turn will reflect positively on global single point anchor reservoir market. Conversely, factors such as depleting hydrocarbon reserves and stringent regulations against environmental hazards, are expected to hinder the growth rate during the forecast period. High cost of single point anchor reservoir and considerably long time required for the construction of a single SPAR are another two factors expected to negatively impact the market expansion.

Global Single Point Anchor Reservoir Market: Regional Outlook

North America currently is the most important regional market for SPAR, wherein most of the offshore drilling platforms have been established. World’s first classic SPAR called Neptune was established in the Gulf of Mexico, while Royal Dutch Shell Plc set-up one of world’s deepest platform called Perdido, also in the Gulf of Mexico. Massive oil reserves underwater and extensive industrialization in the developed country of the U.S. makes North America the most profitable region.