Global Subsea Spending Set To Reach $42 Billion by 2027

The subsea market segment, which includes players involved in production and processing systems such as subsea umbilical risers and flowlines (SURF), trees, wellheads, manifolds and other components, is poised to experience a significant influx of capital. Driven by rising operator expenditure on equipment and installation services, Rystad Energy projects a 10% annual compound growth rate (CAGR) from 2024 to 2027, with total spending anticipated to exceed $42 billion by the end of this period. Investment activity has been particularly robust in…