Market Share of Flexible Pipe Industry
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.
Flexible Pipes Market Leaders
National Oilwell Varco (NOV)
GE Oil & Gas Corporation
TechnipFMC PLC
The Prysmian Group
Shawcor Ltd
*Disclaimer: Major Players sorted in no particular order
