What is the current Flexible Pipe Market size?

The Flexible Pipe Market is projected to register a CAGR of 4.40% during the forecast period (2024-2029) Read More

Who are the key players in Flexible Pipe Market?

National Oilwell Varco (NOV), GE Oil & Gas Corporation, TechnipFMC PLC, The Prysmian Group and Shawcor Ltd are the major companies operating in the Flexible Pipe Market. Read More

Which is the fastest growing region in Flexible Pipe Market?

Middle East and Africa is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Flexible Pipe Market?

In 2024, the North America accounts for the largest market share in Flexible Pipe Market. Read More

What years does this Flexible Pipe Market cover?

The report covers the Flexible Pipe Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Flexible Pipe Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Flexible Pipe Market - Size, Share & Trends

Flexible Pipes Industry Overview

The flexible pipe market is competitive and fragmented.Some of the key flexible pipe manufacturers are National Oilwell VarcoInc., GE Oil & Gas Corporation, TechnipFMC PLCInc., Shawcor Ltd, and Prysmian Group, among others. The development of advanced products andmergers andacquisitions are the keystrategies adopted by the major players to remain competitive and to quickly gain market share.

January 2019:Baker Hughes, a GE company (BHGE),rolled out new technology and underwater development approach, which is set to reduce costs and improve the productivity of offshore oil and natural gas projects. The system includes pumps, flexible pipes, machines to divert oil and gas to pipelines known as manifolds, etc., to control the production. These technologies are modular, structured, compact, and designed to be more responsive to changing conditions across the life of the field, cutting the total cost of ownership by up to 50%.
August 2018:NOVcompleted a joint industry project to verify and demonstrate installationand performance aspects of a full-scale Seabox subsea water treatment module in a realistic subsea environment.The Seabox system enables water treatment to be done directly at the seabed and water to be pumped straight into the injection well. This will allow the operator to optimize waterflooding and improve oil recovery.