Umbilical Market, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2021 – 2027

Report ID: GMI3764

Summary Methodology

Umbilical Market size is driven by emerging deployment of the various subsea equipment on account of reduction in risk associated with the subsea operations. The units are used to transfer signals, energy and consumables form one end to another. The equipment consists of various components which includes electric & optic cables and hoses. In addition, growing demand for product customization by the end consumers will further enhance the industry outlook. For instance, Technip provides customized umbilical solutions for the oil and gas industry.

The umbilical market is set grow on the account of growing demand for the subsea equipment and rising exploration activities across the untapped subsea fields. Moreover, decline in production from offshore and onshore mature fields will complement the business landscape.

Alleviating crude prices coupled with the increasing investments toward oil and gas development will propel the umbilical market growth. Increasing implementation of the innovative methods and technology to enhance the production will augment the business landscape. For instance, robot operated vehicles (ROV) are used to install subsea equipment to reduce the risk associated with the deep-water operations. The umbilical cables are deployed to support the power requirement of the subsea compression, pumping and processing equipment. The ROV umbilical cables delivers effective communication without disruption including surface traffic and varied weather conditions.

Increasing research & development efforts on the account of stringent HSE norms will stimulate the demand across the umbilical market. Growing demand for the energy among the emerging economies primarily across China and India will provide the positive business scenario. Rising complexities along with the strict government norms for the subsea operations will augment the industry landscape. The umbilical cables are used for remote monitoring of position and functions of subsea installations across offshore facilities and onshore platforms.

Rising cost concern among the industry players owing to high operational and maintenance cost associated with the unconventional methods will foster the umbilical market growth. Emerging environmental concern coupled with the growing production activities at deep and ultra-deep level will enhance the business outlook. The product is widely used in other industries including telecommunication and instrumentation.

North America umbilical market will witness significant growth on account of increasing E&P activities at the Gulf of Mexico. In addition, rising investment toward shale plays development across the region will further complement the business growth.

Eminent players operating across the umbilical market share include, Prysmian S.p.A., Parker Hannifin CorpSubsea 7 S.A., Tyco Electronic Corporation, Nexans Cabling Group, JDR Cable Systems, Umbilicals International, Technip, Oceaneering International, Actuant Corporatio, LS Cable & System, Aker Solutions ASA, Hydro Group plc and Sound Ocean Systems.

What Information does this report contain?

Historical data coverage: 2013 to 2015; Growth Projections: 2016 to 2026.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

Customize this Report

Pre Book Now

Need a Discount? Get in touch with us for special pricing

Request Discount

Our Market Research Reports Include:

  • Market snapshot
  • Market Segmentation
  • Value Chain Analysis
  • Growth Dynamics
  • Potential Market Opportunities
  • Regulatory Overview
  • Technology Evolution
  • Innovation & Sustainability

 Connect with our sales team

Benefits of Association

Data Coverage & Quality

GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth.

Client Trust & Security

GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines.

Customer Service

Our customers rely on us to produce accurate, reliable and timely information. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients.

GMIPulse, our report store

We have introduced ‘GMIPulse’, which is our report store; designed to offer clients a one-stop platform for all market research and business intelligence requirements. Clients can access reports, presentations, raw data excel sheets as well as detailed company profiles. GMIPulse allows you to track relevant industries and stay informed with latest innovation, competitive and regulatory developments to help design strategic framework.

Chat with us
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info X