The Global Subsea Risers Market was valued at USD 845.4 million in 2025 and is estimated to grow at a CAGR of 8.7% to reach USD 1.9 billion by 2035.
Market expansion is supported by rising capital allocation toward offshore and deepwater energy developments, alongside a growing shift toward addressing the operational and engineering complexities associated with hydrocarbon extraction across varied subsea geological environments. Increasing focus on unlocking deepwater and ultra-deepwater reserves is reshaping offshore development strategies, as operators pursue technically advanced and capital-intensive projects to offset declining onshore and shallow-water production. The rising deployment of floating production systems and the growing requirement for dependable flow assurance solutions to transport hydrocarbons from seabed reservoirs to surface facilities are strengthening demand. In addition, higher global energy consumption, reduced availability of easily accessible reserves, and policy initiatives promoting advanced materials and structural designs that lower failure rates and maintenance frequency are influencing market direction. Manufacturers are increasingly prioritizing cost optimization by refining designs and manufacturing processes for subsea production systems while maintaining safety and performance standards. Ongoing technological progress, including material innovation, improved corrosion resistance, and the integration of digital monitoring and predictive maintenance tools, is further accelerating adoption across offshore developments.
The shallow-water segment accounted for 52% share in 2025 and is forecast to grow at a CAGR of 8% from 2026 to 2035. Growth in this segment is driven by renewed development activity in aging offshore assets and a growing emphasis on economically viable exploration programs. Increased investments in nearshore energy blocks to enhance supply stability, combined with rising adoption of early-production solutions and incremental field expansions, continue to support segment performance and long-term utilization.
The steel catenary riser segment is expected to reach USD 335 million by 2035. Rising offshore oil and gas extraction activity, increasing investment in deeper hydrocarbon fields, and growing downstream demand are driving adoption. Operators are focusing on expanding production capacity to meet energy demand while advancing riser design efficiency and durability, which continues to support segment expansion.
North America Subsea Risers Market held 75.3% share in 2025 and generated USD 90 million. Market growth is supported by increased automation and digital integration across offshore drilling operations, favorable regulatory frameworks, and sustained exploration and production activity. Industry participants are increasingly collaborating to deploy advanced subsea technologies, optimize offshore processes, and align offshore developments with broader energy transition strategies.
Key companies active in the Global Subsea Risers Market include TechnipFMC plc, SLB, Subsea 7, Baker Hughes Company, NOV, OneSubsea, Vallourec, Tenaris, ArcelorMittal, John Wood Group PLC, Weatherford, Oil States, Hunting PLC, Alleima, Aquaterra Energy Limited, Balmoral Comtec Ltd, 2H Offshore Engineering Ltd., Worldwide Oilfield Machine (WOM), OCTALSTEEL, and HOHN GROUP. Companies operating in the Subsea Risers Market are strengthening their market position through continuous technology innovation, strategic partnerships, and expansion of engineering capabilities. Leading players are investing in advanced materials, digital monitoring systems, and predictive maintenance technologies to enhance reliability and lifecycle performance. Collaboration with offshore operators enables customized riser solutions for complex field conditions. Firms are also focusing on cost-efficient manufacturing, modular designs, and localized production to remain competitive.
This product will be delivered within 2-4 business days.
Market expansion is supported by rising capital allocation toward offshore and deepwater energy developments, alongside a growing shift toward addressing the operational and engineering complexities associated with hydrocarbon extraction across varied subsea geological environments. Increasing focus on unlocking deepwater and ultra-deepwater reserves is reshaping offshore development strategies, as operators pursue technically advanced and capital-intensive projects to offset declining onshore and shallow-water production. The rising deployment of floating production systems and the growing requirement for dependable flow assurance solutions to transport hydrocarbons from seabed reservoirs to surface facilities are strengthening demand. In addition, higher global energy consumption, reduced availability of easily accessible reserves, and policy initiatives promoting advanced materials and structural designs that lower failure rates and maintenance frequency are influencing market direction. Manufacturers are increasingly prioritizing cost optimization by refining designs and manufacturing processes for subsea production systems while maintaining safety and performance standards. Ongoing technological progress, including material innovation, improved corrosion resistance, and the integration of digital monitoring and predictive maintenance tools, is further accelerating adoption across offshore developments.
The shallow-water segment accounted for 52% share in 2025 and is forecast to grow at a CAGR of 8% from 2026 to 2035. Growth in this segment is driven by renewed development activity in aging offshore assets and a growing emphasis on economically viable exploration programs. Increased investments in nearshore energy blocks to enhance supply stability, combined with rising adoption of early-production solutions and incremental field expansions, continue to support segment performance and long-term utilization.
The steel catenary riser segment is expected to reach USD 335 million by 2035. Rising offshore oil and gas extraction activity, increasing investment in deeper hydrocarbon fields, and growing downstream demand are driving adoption. Operators are focusing on expanding production capacity to meet energy demand while advancing riser design efficiency and durability, which continues to support segment expansion.
North America Subsea Risers Market held 75.3% share in 2025 and generated USD 90 million. Market growth is supported by increased automation and digital integration across offshore drilling operations, favorable regulatory frameworks, and sustained exploration and production activity. Industry participants are increasingly collaborating to deploy advanced subsea technologies, optimize offshore processes, and align offshore developments with broader energy transition strategies.
Key companies active in the Global Subsea Risers Market include TechnipFMC plc, SLB, Subsea 7, Baker Hughes Company, NOV, OneSubsea, Vallourec, Tenaris, ArcelorMittal, John Wood Group PLC, Weatherford, Oil States, Hunting PLC, Alleima, Aquaterra Energy Limited, Balmoral Comtec Ltd, 2H Offshore Engineering Ltd., Worldwide Oilfield Machine (WOM), OCTALSTEEL, and HOHN GROUP. Companies operating in the Subsea Risers Market are strengthening their market position through continuous technology innovation, strategic partnerships, and expansion of engineering capabilities. Leading players are investing in advanced materials, digital monitoring systems, and predictive maintenance technologies to enhance reliability and lifecycle performance. Collaboration with offshore operators enables customized riser solutions for complex field conditions. Firms are also focusing on cost-efficient manufacturing, modular designs, and localized production to remain competitive.
Comprehensive Market Analysis and Forecast
- Industry trends, key growth drivers, challenges, future opportunities, and regulatory landscape
- Competitive landscape with Porter’s Five Forces and PESTEL analysis
- Market size, segmentation, and regional forecasts
- In-depth company profiles, business strategies, financial insights, and SWOT analysis
This product will be delivered within 2-4 business days.
Table of Contents
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Industry Insights
Chapter 4 Competitive Landscape, 2025
Chapter 5 Market Size and Forecast, by Depth, 2022-2035 (‘000 Feet & USD Million)
Chapter 6 Market Size and Forecast, by Product, 2022-2035 (‘000 Feet & USD Million)
Chapter 7 Market Size and Forecast, by Region, 2022-2035 (‘000 Feet & USD Million)
Chapter 8 Company Profiles
Companies Mentioned
The companies profiled in this Subsea Risers market report include:- 2H Offshore Engineering Ltd.
- Alleima
- Aquaterra Energy Limited
- ArcelorMittal
- Baker Hughes Company
- Balmoral Comtec Ltd
- HOHN GROUP
- Hunting PLC
- John Wood Group PLC
- NOV
- OCTALSTEEL
- Oil States
- OneSubsea
- SLB
- Subsea 7
- TechnipFMC plc
- Tenaris
- Vallourec
- Weatherford
- Worldwide Oilfield Machine (WOM)
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 130 |
| Published | January 2026 |
| Forecast Period | 2025 - 2035 |
| Estimated Market Value ( USD | $ 845.4 Million |
| Forecasted Market Value ( USD | $ 1900 Million |
| Compound Annual Growth Rate | 8.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 21 |
