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Risers Market
Updated On

Jan 14 2025

Total Pages

80

Risers Market Report Probes the XXX Million Size, Share, Growth Report and Future Analysis by 2033

Risers Market by By Type: (Rigid Risers, Flexible Risers, Hybrid Risers ), by By Water Depth: (Shallow Water Risers, Deep Water Risers, Ultra-Deep Water Risers ), by By Material: (Steel Risers, Composite Risers, Thermoplastic Risers, Stainless Steel Risers), by North America (U.S., Canada), by Europe (UK, Germany, France, Italy, Spain, Russia), by Asia Pacific (China, India, Japan, South Korea, Australia), by Latin America (Brazil, Mexico), by MEA (UAE, Saudi Arabia, South Africa) Forecast 2025-2033

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Risers Market Report Probes the XXX Million Size, Share, Growth Report and Future Analysis by 2033




Key Insights

The size of the Risers Market was valued at USD XXX Million in 2023 and is projected to reach USD 0.00 Million by 2032, with an expected CAGR of XXX% during the forecast period. A riser is a vertical or inclined pipeline system used in offshore oil and gas exploration, as well as other offshore energy applications, to transport fluids, such as oil, gas, or water, from the seabed to the surface or vice versa. Risers are essential for connecting subsea wells or production facilities to floating or fixed offshore platforms and other offshore infrastructure. They provide a pathway for fluids to travel from the underwater environment to the surface for processing, storage, or transportation. This growth is primarily attributed to increased offshore exploration activities, technological advancements in drilling techniques, and rising oil and gas demand. Additionally, the adoption of innovative materials and designs in risers has enhanced their efficiency and durability, leading to increased adoption in harsh environments.

Risers Market Research Report - Market Size, Growth & Forecast

Risers Market Concentration & Characteristics

The risers market is fragmented, with several major players holding significant market shares. However, mergers and acquisitions are expected to consolidate the industry in the coming years. The market is characterized by technological innovation, driven by the need for improved safety and reliability in drilling operations. Regulations governing environmental protection and safety standards have influenced market dynamics. End-user concentration is observed in the oil and gas industry, with a few major companies accounting for a large portion of riser demand.

Risers Market Trends

Key trends driving the risers market growth include the increasing adoption of drilling and production techniques in deepwater and ultra-deepwater environments, which require high-performance risers. Technological advancements in remote monitoring and control systems have enabled operators to enhance riser integrity and reduce downtime. The use of composite materials in riser construction has gained traction due to their lightweight and corrosion-resistant properties.

Risers Market Growth

Key Region or Country & Segment to Dominate the Market

North America is expected to dominate the risers market, driven by the extensive oil and gas operations in the Gulf of Mexico. The Asia-Pacific region is witnessing significant growth due to rising energy demand and increased offshore exploration activities in countries like China, India, and Southeast Asia. The market is segmented based on material type (metal, composite), application (drilling, production), and installation method (tensioned, flexible).

Risers Market Product Insights Report Coverage & Deliverables

The report provides a comprehensive analysis of the risers market, including market size, market share, growth rates, and regional insights. It covers market trends, challenges, and opportunities, as well as key market drivers and restraints. The report also includes profiles of leading players in the industry.

Risers Market Analysis

The global risers market size was estimated at $XX million in 2022 and is projected to reach $XX million by 2027, exhibiting a CAGR of XX% during the forecast period. North America held the largest market share in 2022, followed by Europe and Asia-Pacific. The metal riser segment accounted for the largest revenue share in 2022, while the drilling application segment dominated the market.

Risers Market Regional Insights

  • North America:
    • U.S.
    • Canada
  • Europe:
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific:
    • China
    • India
    • Japan
    • South Korea
    • Australia
  • Latin America:
    • Brazil
    • Mexico
  • MEA:
    • UAE
    • Saudi Arabia
    • South Africa

Driving Forces: What's Propelling the Risers Market

  • Increasing offshore exploration activities
  • Technological advancements in drilling techniques
  • Rising oil and gas demand
  • Adoption of innovative materials and designs

Challenges and Restraints in Risers Market

  • High manufacturing costs
  • Strict regulatory compliance
  • Corrosion and fatigue issues
  • Supply chain disruptions

Emerging Trends in Risers Market

  • Digital transformation and IoT integration
  • Adoption of artificial intelligence and machine learning
  • Focus on sustainability and environmental protection

Risers Industry News

  • DNV-GL launches new riser analysis software
  • Subsea 7 secures $1 billion riser contract for Shell's Penguins project
  • BHGE introduces new composite riser technology

Leading Players in the Risers Market Keyword

Risers Market Segmentation

By Type:

  • Rigid Risers
  • Flexible Risers
  • Hybrid Risers

By Water Depth:

  • Shallow Water Risers
  • Deep Water Risers
  • Ultra-Deep Water Risers

By Material:

  • Steel Risers
  • Composite Risers
  • Thermoplastic Risers
  • Stainless Steel Risers

Risers Market Segmentation By Geography

  • 1. North America
    • 1.1. U.S.
    • 1.2. Canada
  • 2. Europe
    • 2.1. UK
    • 2.2. Germany
    • 2.3. France
    • 2.4. Italy
    • 2.5. Spain
    • 2.6. Russia
  • 3. Asia Pacific
    • 3.1. China
    • 3.2. India
    • 3.3. Japan
    • 3.4. South Korea
    • 3.5. Australia
  • 4. Latin America
    • 4.1. Brazil
    • 4.2. Mexico
  • 5. MEA
    • 5.1. UAE
    • 5.2. Saudi Arabia
    • 5.3. South Africa

Risers Market Regional Share



Risers Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2019-2033
Base Year 2024
Estimated Year 2025
Forecast Period2025-2033
Historical Period2019-2024
Growth RateCAGR of 6.3% from 2019-2033
Segmentation
    • By By Type:
      • Rigid Risers
      • Flexible Risers
      • Hybrid Risers
    • By By Water Depth:
      • Shallow Water Risers
      • Deep Water Risers
      • Ultra-Deep Water Risers
    • By By Material:
      • Steel Risers
      • Composite Risers
      • Thermoplastic Risers
      • Stainless Steel Risers
  • By Geography
    • North America
      • U.S.
      • Canada
    • Europe
      • UK
      • Germany
      • France
      • Italy
      • Spain
      • Russia
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • Australia
    • Latin America
      • Brazil
      • Mexico
    • MEA
      • UAE
      • Saudi Arabia
      • South Africa


Table Of Content
  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
      • 3.3. Market Restrains
      • 3.4. Market Trends
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. Global Risers Market Analysis, Insights and Forecast, 2019-2031
    • 5.1. Market Analysis, Insights and Forecast - by By Type:
      • 5.1.1. Rigid Risers
      • 5.1.2. Flexible Risers
      • 5.1.3. Hybrid Risers
    • 5.2. Market Analysis, Insights and Forecast - by By Water Depth:
      • 5.2.1. Shallow Water Risers
      • 5.2.2. Deep Water Risers
      • 5.2.3. Ultra-Deep Water Risers
    • 5.3. Market Analysis, Insights and Forecast - by By Material:
      • 5.3.1. Steel Risers
      • 5.3.2. Composite Risers
      • 5.3.3. Thermoplastic Risers
      • 5.3.4. Stainless Steel Risers
    • 5.4. Market Analysis, Insights and Forecast - by Region
      • 5.4.1. North America
      • 5.4.2. Europe
      • 5.4.3. Asia Pacific
      • 5.4.4. Latin America
      • 5.4.5. MEA
  6. 6. North America Risers Market Analysis, Insights and Forecast, 2019-2031
    • 6.1. Market Analysis, Insights and Forecast - by By Type:
      • 6.1.1. Rigid Risers
      • 6.1.2. Flexible Risers
      • 6.1.3. Hybrid Risers
    • 6.2. Market Analysis, Insights and Forecast - by By Water Depth:
      • 6.2.1. Shallow Water Risers
      • 6.2.2. Deep Water Risers
      • 6.2.3. Ultra-Deep Water Risers
    • 6.3. Market Analysis, Insights and Forecast - by By Material:
      • 6.3.1. Steel Risers
      • 6.3.2. Composite Risers
      • 6.3.3. Thermoplastic Risers
      • 6.3.4. Stainless Steel Risers
  7. 7. Europe Risers Market Analysis, Insights and Forecast, 2019-2031
    • 7.1. Market Analysis, Insights and Forecast - by By Type:
      • 7.1.1. Rigid Risers
      • 7.1.2. Flexible Risers
      • 7.1.3. Hybrid Risers
    • 7.2. Market Analysis, Insights and Forecast - by By Water Depth:
      • 7.2.1. Shallow Water Risers
      • 7.2.2. Deep Water Risers
      • 7.2.3. Ultra-Deep Water Risers
    • 7.3. Market Analysis, Insights and Forecast - by By Material:
      • 7.3.1. Steel Risers
      • 7.3.2. Composite Risers
      • 7.3.3. Thermoplastic Risers
      • 7.3.4. Stainless Steel Risers
  8. 8. Asia Pacific Risers Market Analysis, Insights and Forecast, 2019-2031
    • 8.1. Market Analysis, Insights and Forecast - by By Type:
      • 8.1.1. Rigid Risers
      • 8.1.2. Flexible Risers
      • 8.1.3. Hybrid Risers
    • 8.2. Market Analysis, Insights and Forecast - by By Water Depth:
      • 8.2.1. Shallow Water Risers
      • 8.2.2. Deep Water Risers
      • 8.2.3. Ultra-Deep Water Risers
    • 8.3. Market Analysis, Insights and Forecast - by By Material:
      • 8.3.1. Steel Risers
      • 8.3.2. Composite Risers
      • 8.3.3. Thermoplastic Risers
      • 8.3.4. Stainless Steel Risers
  9. 9. Latin America Risers Market Analysis, Insights and Forecast, 2019-2031
    • 9.1. Market Analysis, Insights and Forecast - by By Type:
      • 9.1.1. Rigid Risers
      • 9.1.2. Flexible Risers
      • 9.1.3. Hybrid Risers
    • 9.2. Market Analysis, Insights and Forecast - by By Water Depth:
      • 9.2.1. Shallow Water Risers
      • 9.2.2. Deep Water Risers
      • 9.2.3. Ultra-Deep Water Risers
    • 9.3. Market Analysis, Insights and Forecast - by By Material:
      • 9.3.1. Steel Risers
      • 9.3.2. Composite Risers
      • 9.3.3. Thermoplastic Risers
      • 9.3.4. Stainless Steel Risers
  10. 10. MEA Risers Market Analysis, Insights and Forecast, 2019-2031
    • 10.1. Market Analysis, Insights and Forecast - by By Type:
      • 10.1.1. Rigid Risers
      • 10.1.2. Flexible Risers
      • 10.1.3. Hybrid Risers
    • 10.2. Market Analysis, Insights and Forecast - by By Water Depth:
      • 10.2.1. Shallow Water Risers
      • 10.2.2. Deep Water Risers
      • 10.2.3. Ultra-Deep Water Risers
    • 10.3. Market Analysis, Insights and Forecast - by By Material:
      • 10.3.1. Steel Risers
      • 10.3.2. Composite Risers
      • 10.3.3. Thermoplastic Risers
      • 10.3.4. Stainless Steel Risers
  11. 11. Competitive Analysis
    • 11.1. Global Market Share Analysis 2024
      • 11.2. Company Profiles
        • 11.2.1 DNV-GL
          • 11.2.1.1. Overview
          • 11.2.1.2. Products
          • 11.2.1.3. SWOT Analysis
          • 11.2.1.4. Recent Developments
          • 11.2.1.5. Financials (Based on Availability)
        • 11.2.2 Subsea 7
          • 11.2.2.1. Overview
          • 11.2.2.2. Products
          • 11.2.2.3. SWOT Analysis
          • 11.2.2.4. Recent Developments
          • 11.2.2.5. Financials (Based on Availability)
        • 11.2.3 BHGE
          • 11.2.3.1. Overview
          • 11.2.3.2. Products
          • 11.2.3.3. SWOT Analysis
          • 11.2.3.4. Recent Developments
          • 11.2.3.5. Financials (Based on Availability)
        • 11.2.4 National Oilwell Varco
          • 11.2.4.1. Overview
          • 11.2.4.2. Products
          • 11.2.4.3. SWOT Analysis
          • 11.2.4.4. Recent Developments
          • 11.2.4.5. Financials (Based on Availability)
        • 11.2.5 Vallourec
          • 11.2.5.1. Overview
          • 11.2.5.2. Products
          • 11.2.5.3. SWOT Analysis
          • 11.2.5.4. Recent Developments
          • 11.2.5.5. Financials (Based on Availability)
        • 11.2.6 Claxton Engineering
          • 11.2.6.1. Overview
          • 11.2.6.2. Products
          • 11.2.6.3. SWOT Analysis
          • 11.2.6.4. Recent Developments
          • 11.2.6.5. Financials (Based on Availability)
        • 11.2.7 Saipem (Eni)
          • 11.2.7.1. Overview
          • 11.2.7.2. Products
          • 11.2.7.3. SWOT Analysis
          • 11.2.7.4. Recent Developments
          • 11.2.7.5. Financials (Based on Availability)
        • 11.2.8 TechnipFMC
          • 11.2.8.1. Overview
          • 11.2.8.2. Products
          • 11.2.8.3. SWOT Analysis
          • 11.2.8.4. Recent Developments
          • 11.2.8.5. Financials (Based on Availability)
        • 11.2.9 Aker Solutions
          • 11.2.9.1. Overview
          • 11.2.9.2. Products
          • 11.2.9.3. SWOT Analysis
          • 11.2.9.4. Recent Developments
          • 11.2.9.5. Financials (Based on Availability)
List of Figures
  1. Figure 1: Global Risers Market Revenue Breakdown (Million, %) by Region 2024 & 2032
  2. Figure 2: North America Risers Market Revenue (Million), by By Type: 2024 & 2032
  3. Figure 3: North America Risers Market Revenue Share (%), by By Type: 2024 & 2032
  4. Figure 4: North America Risers Market Revenue (Million), by By Water Depth: 2024 & 2032
  5. Figure 5: North America Risers Market Revenue Share (%), by By Water Depth: 2024 & 2032
  6. Figure 6: North America Risers Market Revenue (Million), by By Material: 2024 & 2032
  7. Figure 7: North America Risers Market Revenue Share (%), by By Material: 2024 & 2032
  8. Figure 8: North America Risers Market Revenue (Million), by Country 2024 & 2032
  9. Figure 9: North America Risers Market Revenue Share (%), by Country 2024 & 2032
  10. Figure 10: Europe Risers Market Revenue (Million), by By Type: 2024 & 2032
  11. Figure 11: Europe Risers Market Revenue Share (%), by By Type: 2024 & 2032
  12. Figure 12: Europe Risers Market Revenue (Million), by By Water Depth: 2024 & 2032
  13. Figure 13: Europe Risers Market Revenue Share (%), by By Water Depth: 2024 & 2032
  14. Figure 14: Europe Risers Market Revenue (Million), by By Material: 2024 & 2032
  15. Figure 15: Europe Risers Market Revenue Share (%), by By Material: 2024 & 2032
  16. Figure 16: Europe Risers Market Revenue (Million), by Country 2024 & 2032
  17. Figure 17: Europe Risers Market Revenue Share (%), by Country 2024 & 2032
  18. Figure 18: Asia Pacific Risers Market Revenue (Million), by By Type: 2024 & 2032
  19. Figure 19: Asia Pacific Risers Market Revenue Share (%), by By Type: 2024 & 2032
  20. Figure 20: Asia Pacific Risers Market Revenue (Million), by By Water Depth: 2024 & 2032
  21. Figure 21: Asia Pacific Risers Market Revenue Share (%), by By Water Depth: 2024 & 2032
  22. Figure 22: Asia Pacific Risers Market Revenue (Million), by By Material: 2024 & 2032
  23. Figure 23: Asia Pacific Risers Market Revenue Share (%), by By Material: 2024 & 2032
  24. Figure 24: Asia Pacific Risers Market Revenue (Million), by Country 2024 & 2032
  25. Figure 25: Asia Pacific Risers Market Revenue Share (%), by Country 2024 & 2032
  26. Figure 26: Latin America Risers Market Revenue (Million), by By Type: 2024 & 2032
  27. Figure 27: Latin America Risers Market Revenue Share (%), by By Type: 2024 & 2032
  28. Figure 28: Latin America Risers Market Revenue (Million), by By Water Depth: 2024 & 2032
  29. Figure 29: Latin America Risers Market Revenue Share (%), by By Water Depth: 2024 & 2032
  30. Figure 30: Latin America Risers Market Revenue (Million), by By Material: 2024 & 2032
  31. Figure 31: Latin America Risers Market Revenue Share (%), by By Material: 2024 & 2032
  32. Figure 32: Latin America Risers Market Revenue (Million), by Country 2024 & 2032
  33. Figure 33: Latin America Risers Market Revenue Share (%), by Country 2024 & 2032
  34. Figure 34: MEA Risers Market Revenue (Million), by By Type: 2024 & 2032
  35. Figure 35: MEA Risers Market Revenue Share (%), by By Type: 2024 & 2032
  36. Figure 36: MEA Risers Market Revenue (Million), by By Water Depth: 2024 & 2032
  37. Figure 37: MEA Risers Market Revenue Share (%), by By Water Depth: 2024 & 2032
  38. Figure 38: MEA Risers Market Revenue (Million), by By Material: 2024 & 2032
  39. Figure 39: MEA Risers Market Revenue Share (%), by By Material: 2024 & 2032
  40. Figure 40: MEA Risers Market Revenue (Million), by Country 2024 & 2032
  41. Figure 41: MEA Risers Market Revenue Share (%), by Country 2024 & 2032
List of Tables
  1. Table 1: Global Risers Market Revenue Million Forecast, by Region 2019 & 2032
  2. Table 2: Global Risers Market Revenue Million Forecast, by By Type: 2019 & 2032
  3. Table 3: Global Risers Market Revenue Million Forecast, by By Water Depth: 2019 & 2032
  4. Table 4: Global Risers Market Revenue Million Forecast, by By Material: 2019 & 2032
  5. Table 5: Global Risers Market Revenue Million Forecast, by Region 2019 & 2032
  6. Table 6: Global Risers Market Revenue Million Forecast, by By Type: 2019 & 2032
  7. Table 7: Global Risers Market Revenue Million Forecast, by By Water Depth: 2019 & 2032
  8. Table 8: Global Risers Market Revenue Million Forecast, by By Material: 2019 & 2032
  9. Table 9: Global Risers Market Revenue Million Forecast, by Country 2019 & 2032
  10. Table 10: U.S. Risers Market Revenue (Million) Forecast, by Application 2019 & 2032
  11. Table 11: Canada Risers Market Revenue (Million) Forecast, by Application 2019 & 2032
  12. Table 12: Global Risers Market Revenue Million Forecast, by By Type: 2019 & 2032
  13. Table 13: Global Risers Market Revenue Million Forecast, by By Water Depth: 2019 & 2032
  14. Table 14: Global Risers Market Revenue Million Forecast, by By Material: 2019 & 2032
  15. Table 15: Global Risers Market Revenue Million Forecast, by Country 2019 & 2032
  16. Table 16: UK Risers Market Revenue (Million) Forecast, by Application 2019 & 2032
  17. Table 17: Germany Risers Market Revenue (Million) Forecast, by Application 2019 & 2032
  18. Table 18: France Risers Market Revenue (Million) Forecast, by Application 2019 & 2032
  19. Table 19: Italy Risers Market Revenue (Million) Forecast, by Application 2019 & 2032
  20. Table 20: Spain Risers Market Revenue (Million) Forecast, by Application 2019 & 2032
  21. Table 21: Russia Risers Market Revenue (Million) Forecast, by Application 2019 & 2032
  22. Table 22: Global Risers Market Revenue Million Forecast, by By Type: 2019 & 2032
  23. Table 23: Global Risers Market Revenue Million Forecast, by By Water Depth: 2019 & 2032
  24. Table 24: Global Risers Market Revenue Million Forecast, by By Material: 2019 & 2032
  25. Table 25: Global Risers Market Revenue Million Forecast, by Country 2019 & 2032
  26. Table 26: China Risers Market Revenue (Million) Forecast, by Application 2019 & 2032
  27. Table 27: India Risers Market Revenue (Million) Forecast, by Application 2019 & 2032
  28. Table 28: Japan Risers Market Revenue (Million) Forecast, by Application 2019 & 2032
  29. Table 29: South Korea Risers Market Revenue (Million) Forecast, by Application 2019 & 2032
  30. Table 30: Australia Risers Market Revenue (Million) Forecast, by Application 2019 & 2032
  31. Table 31: Global Risers Market Revenue Million Forecast, by By Type: 2019 & 2032
  32. Table 32: Global Risers Market Revenue Million Forecast, by By Water Depth: 2019 & 2032
  33. Table 33: Global Risers Market Revenue Million Forecast, by By Material: 2019 & 2032
  34. Table 34: Global Risers Market Revenue Million Forecast, by Country 2019 & 2032
  35. Table 35: Brazil Risers Market Revenue (Million) Forecast, by Application 2019 & 2032
  36. Table 36: Mexico Risers Market Revenue (Million) Forecast, by Application 2019 & 2032
  37. Table 37: Global Risers Market Revenue Million Forecast, by By Type: 2019 & 2032
  38. Table 38: Global Risers Market Revenue Million Forecast, by By Water Depth: 2019 & 2032
  39. Table 39: Global Risers Market Revenue Million Forecast, by By Material: 2019 & 2032
  40. Table 40: Global Risers Market Revenue Million Forecast, by Country 2019 & 2032
  41. Table 41: UAE Risers Market Revenue (Million) Forecast, by Application 2019 & 2032
  42. Table 42: Saudi Arabia Risers Market Revenue (Million) Forecast, by Application 2019 & 2032
  43. Table 43: South Africa Risers Market Revenue (Million) Forecast, by Application 2019 & 2032


STEP 1 - Identification of Relevant Samples Size from Population Database

Step Chart
bar chart
method chart

STEP 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

approach chart
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segemnts, product and application.

Note* : In applicable scenarios

STEP 3 - Data Sources

Primary Research

  • Web Analytics
  • Survey Reports
  • Research Institute
  • Latest Research Reports
  • Opinion Leaders

Secondary Research

  • Annual Reports
  • White Paper
  • Latest Press Release
  • Industry Association
  • Paid Database
  • Investor Presentations
approach chart

STEP 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally after gathering mix and scattered data from wide range of sources, data is triangull- ated and correlated to come up with estimated figures which are further validated through primary mediums, or industry experts, opinion leader.

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