Global Flexible Pipe Market is further estimated to grow at a CAGR of 6.53% from 2017 to reach USD 1,239.7 Million by the year 2023.
GLOBAL FLEXIBLE PIPE MARKET was valued at USD 848.4 Million in the year 2017.
North America region holds the maximum market share in 2017 and the Middle East & Africa region is considered as the fastest growing market in the forecasted period. At a country level, developed markets like the U.S.
holds a notable market share in 2017 and is also projected to grow at a steady pace in the coming years.
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GE Oil & Gas Corporation (UK), TechnipFMC plc (UK), Prysmian Group (Italy), National Oilwell Varco (US), Shawcor Ltd. (Canada) are some of the key players in the Flexible Pipe Market with GE Oil & Gas Corporation holding considerable market share because of its better global presence both at production and at an operational level.
Rising research and development expenses to meet the changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of the top manufacturers in the last 5 years.
Increasing demand for Deepwater surveys
Growing demand for rust-free pipes
Strict laws of the Oil & Gas Industry
Detection of new oil reserves
Production on a large scale
Segmentation on the basis of the application includes Onshore & Offshore of which the offshore segment is expected to hold the highest market share during the forecast period.
The offshore segment is also expected to grow at the highest CAGR of during the year 2018-2023.
Key Benefits for Stakeholders
Flexible Pipe Manufacturers, Distributors, and Retailers
Research and Consulting organization
Technology Standards Organizations, Forums, Alliances and Associations
Regulatory bodies, policy actors, and consumers.
By Raw Material
Fluid Transfer Lines
Key Market Players
GE Oil & Gas Corporation (UK)
TechnipFMC plc (UK)
Prysmian Group (Italy)
National Oilwell Varco (US)
Shawcor Ltd. (Canada)
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