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 is estimated to observe remarkable expansion during the period 2021-2027.
 

Soaring focus on capital-intensive exploration techniques for unconventional energy sources, combined with increasing demand for oil & gas, particularly in densely populated nations like China, India, & Bangladesh, are determinants influencing the Asia Pacific subsea umbilicals, risers and flowlines industry development.

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For the unversed, subsea umbilicals, risers, and flowlines (SURF) are utilized for establishing secure connections for various operations conducted in the deep sea.

Moreover, the rising number of deep-water exploration and ongoing offshore exploration & production (E&P) activities for mature fields are creating lucrative prospects for enterprises in this line of work. 

Based on water depth, the shallow subsea vertical is anticipated to record robust growth during the projected timeline, owing to the rising costs of E&P operations, combined with incorporation of AI based system control & data collection technologies.

From a regional standpoint, India subsea umbilicals, risers and flowlines market market is poised to witness a significant revenue generation during the assessment timeframe. due to rapid economic growth, reliance on energy resources which is creating demand for oil and gas, combined with the government's 100% FDI making the region an appealing ground for global investment.

Meanwhile, China industry is slated to mark a considerable growth rate during the review period, due to massive public & private sector investments in the region, and large-scale exploration operations being conducted in the country which are pushing the adoption of SURF.

The prominent players amplifying the remunerative scope of Asia Pacific subsea umbilicals, risers and flowlines market includes McDermott International Ltd., Schlumberger Limited, Prysmian S.p.A, TechnipFMC plc, Tenaris S.A., General Electric Company, Saipem S.p.A, Halliburton Company, Siemens AG, National Oilwell Varco Inc., Aker Solutions ASA, Vallourec S.A., and Oceaneering International Inc. among others.