According to the research report titled ‘Asia Pacific Subsea Umbilicals, Risers and Flowlines Market Forecast 2027 By Water Depth, By Product, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, Asia Pacific subsea umbilicals, risers, and flowlines market size is expected to witness commendable growth by 2027.

Increasing product demand from the oil and gas sector, rapid industrialization, the surging popularity of capital-intensive exploration techniques for unconventional energy sources and mounting offshore E&P activities are the key factors driving the growth of the APAC subsea umbilicals, risers, and flowlines market.

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This research report elaborates on the major development trends and challenges prevailing in this business sphere. The document also offers a comparative assessment of the past and the present market trends to understand the growth trajectory of this business vertical.

Asia Pacific subsea umbilicals, risers, and flowlines market is bifurcated on the basis of water depth, product landscape, and regional contribution.

Based on water depth, the market is fragmented into shallow, deep, and ultra-deep. Among these, the shallow segment is expected to expand substantially through the analysis period, on account of rising expenditure for E&P operations and the growing popularity of system control and data collecting through AI technologies.

Moving on to the product landscape, the market is divided into umbilicals, risers, and flowlines segments.

From the regional perspective, subsea umbilicals, risers, and flowlines industry in China is anticipated to witness exponential growth through the forecast timeline, owing to rising public & private investments and an increasing number of operations to further the growth of the oil and gas sector.

McDermott International Ltd., Prysmian S.p.A., Tenaris S.A., Saipem S.p.A., Siemens AG, Aker Solutions ASA, Oceaneering International Inc., Vallourec S.A., NOV Inc., Halliburton Company, General Electric Company, TechnipFMC plc, and Schlumberger Limited are the major players in Asia Pacific subsea umbilicals, risers, and flowlines market sphere.