라이저 : 시장 점유율 분석, 업계 동향 및 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the risers market size was valued at USD 8.17 billion in 2025 and is estimated to grow from USD 8.86 billion in 2026 to reach USD 13.01 billion by 2031, at a CAGR of 7.99% during the forecast period (2026-2031).

This report is Segmented by Type (Flexible Risers, Rigid Risers, Hybrid Risers), Material (Steel, Composite, Thermoplastic Composite Pipe, Others), Deployment Depth (Shallow Water, Deepwater, Ultra-Deepwater), Application (Drilling, Production, Workover, Others), and Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa). Market Forecasts are Provided in Terms of Value (USD).

Global Risers Market Trends and Insights

Revival of Deep and Ultra-Deepwater Project FIDs

ExxonMobil sanctioned USD 6.8 billion for Hammerhead in Guyana, with start-up set for 2029 and riser lengths 30%-40% above shallow-water norms, while Petrobras approved SEAP II, adding 120,000 barrels per day of pre-salt capacity that requires 24 steel catenary risers rated for 2,200-meter depths . The clustering of large-scale FIDs in Brazil and Guyana, which together hold 60% of sanctioned deepwater barrels to 2028, benefits integrated SURF contractors owning local yards. Early locking of EPC contracts at stable steel prices has insulated these developments from recent metallurgy cost swings, anchoring a multiyear floor under risers market demand.

Surge in SURF Package Awards in Brazil and Guyana

Subsea7 won a USD 1.4 billion Buzios 11 award covering 18 flexible risers, whereas TechnipFMC secured a USD 250-500 million Hammerhead scope that bundles rigid-riser supply with umbilicals. Average SURF packages now exceed USD 800 million because operators consolidate supply, installation, and integrity services under single tenders, transferring performance risk and compressing fabrication lead times. Mandatory 60% local sourcing on Petrobras projects drives competitive advantage toward contractors with Brazilian fabrication capacity, creating barriers for foreign pure-play fabricators.

Crude-Oil Price Volatility Impacting FID Timing

The International Energy Agency foresees a 1.5-2.5 million-barrel-per-day supply surplus in 2026, which could pressure Brent below USD 70 per barrel . Deepwater projects in Brazil and Guyana remain insulated with breakevens at USD 28-35, but marginal West African prospects face deferrals of six to 12 months, trimming near-term order flow for the risers market.

Other drivers and restraints analyzed in the detailed report include:

1. Life-Extension Demand for Aging Shallow-Water Risers
2. Rapid Adoption of Thermoplastic Composite Pipe Risers
3. Escalating HSE and Environmental Compliance Costs

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Rigid designs will post an 8.7% CAGR, the fastest growth in the risers market, as operators replicate proven templates that compress engineering cycles and enable bulk sourcing. Shell's Gulf of Mexico brownfield program achieved 95% equipment commonality across three fields, trimming front-end engineering by 40%. Flexible risers still hold 45.3% of 2025 demand thanks to superior motion compliance, with TechnipFMC's Hammerhead order featuring electrically heated flexible lines to combat wax deposition. Hybrid concepts remain niche but vital in ultra-deepwater where top tension exceeds 1,000 tons, blending a seabed-anchored rigid section with a fatigue-resistant composite top string. The shift toward standardized rigid systems underpins procurement predictability, tilting market share toward contractors with high-capacity spoolbases.

Industry modularization also boosts aftermarket revenue: cataloged designs simplify spares stocking and streamline inspection protocols, lowering total cost of ownership. Nonetheless, flexible lines remain indispensable for complex tiebacks and life-extension programs where existing infrastructure dictates serpentine routing. Composite-steel hybrids are likely to proliferate as carbon-fiber tensile armor clears final qualification hurdles, offering weight savings that widen vessel choice and shrink installation windows in the risers market.

Composite alternatives will advance at 9.1% CAGR, eroding steel's 69.5% 2025 hold on the risers market size. Strohm's thermoplastic pipe is already moving beyond water-injection service toward full production duty with Petrobras in 2027. Magma Global targets high-temperature West African wells where steel would need costly active cooling. Field data show 77.7% weight reduction and comparable tensile capability, making composites attractive for reel-lay campaigns that cannot tolerate the deck loads of steel.

Regulatory acceptance removed the last barrier when DNV endorsed non-metallic risers for permanent service. Integrated fiber-optic sensing baked into the laminate turns each composite riser into a self-monitoring asset, obviating external instrumentation. Yet steel retains primacy in ultra-high-pressure sour service above 15,000 psi, where hydrogen embrittlement of polymer matrices is still a concern. Limited availability of reel-lay vessels and high initial material cost temper adoption speed, but the lifecycle economics remain compelling, ensuring composites capture incremental risers market share through the forecast period.

Geography Analysis

South America accounted for 35.7% of global demand in 2025 and will expand at an 8.4% CAGR, the fastest among all regions. Petrobras's SEAP II alone requires 24 risers rated for 10,000-psi pressures, while ExxonMobil's Hammerhead development in Guyana adds six production risers by 2029. Streamlined Brazilian permitting now cuts approval times to 12 months, and Guyana's USD 30 billion investment pipeline promises more than 40 new risers through 2028. The risers market benefits from predictable local-content rules that encourage regional fabrication and generate shorter logistics chains.

North America centers on brownfield optimization. Shell's Kaikias waterflood and multiple Gulf of Mexico refurbishments keep service demand elevated, while U.S. BOEM bonding changes lift up-front cost burdens. In Europe, the North Sea consolidates around super-operators; Shell and Equinor's Adura venture manages 140,000 boe/d under unified inspection programs that harvest economies of scale. UK carbon-capture regulations, effective in 2026, compel feasibility studies on new developments, tying future FIDs to integrated CCS concepts.

The Middle East and Asia-Pacific emerge as secondary poles. ADNOC's SARB Deep Gas and Nasr-115 expansions add corrosion-resistant alloy risers for sour-gas production, while CNOOC ramps up South China Sea activity with rigid strings at Kaiping 18-1. Southeast Asia lags due to price uncertainty and financing constraints, but Malaysia and Indonesia remain incremental contributors. Combined, these trends diversify the geographic revenue mix and insulate the global risers market from single-basin shocks.

1. TechnipFMC
2. Aker Solutions
3. Subsea 7
4. NOV Inc.
5. Saipem
6. Baker Hughes (OneSubsea)
7. McDermott International
8. Oceaneering International
9. Vallourec
10. Oil States Industries
11. Prysmian Group
12. Airborne Oil & Gas
13. Shawcor
14. Trelleborg Offshore
15. Ocyan
16. MODEC
17. Kongsberg Maritime
18. DeepOcean
19. Sapura Energy
20. Bourbon Offshore

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions & Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Revival of deep- & ultra-deepwater project FIDs
  • 4.2.2 Surge in SURF package awards in Brazil & Guyana
  • 4.2.3 Life-extension demand for ageing shallow-water risers
  • 4.2.4 Rapid adoption of thermoplastic composite pipe (TCP) risers
  • 4.2.5 CCS retrofit opportunities for offshore riser infrastructure
  • 4.2.6 AI-enabled digital twins for predictive riser integrity
• 4.3 Market Restraints
  • 4.3.1 Crude-oil price volatility impacting FID timing
  • 4.3.2 Escalating HSE & environmental compliance costs
  • 4.3.3 Scarcity of deepwater fatigue-analysis specialists
  • 4.3.4 Long-lead forgings & metallurgy supply-chain bottlenecks
• 4.4 Supply-Chain Analysis
• 4.5 Regulatory Landscape
• 4.6 Technological Outlook
• 4.7 Porter's Five Forces Analysis
  • 4.7.1 Threat of New Entrants
  • 4.7.2 Bargaining Power of Suppliers
  • 4.7.3 Bargaining Power of Buyers
  • 4.7.4 Threat of Substitutes
  • 4.7.5 Competitive Rivalry

5 Market Size & Growth Forecasts

• 5.1 By Type
  • 5.1.1 Flexible Risers
  • 5.1.2 Rigid Risers
  • 5.1.3 Hybrid Risers
• 5.2 By Material
  • 5.2.1 Steel
  • 5.2.2 Composite
  • 5.2.3 Thermoplastic Composite Pipe
  • 5.2.4 Others
• 5.3 By Deployment Depth
  • 5.3.1 Shallow Water (Up to 500 m)
  • 5.3.2 Deepwater (500 to 1,500 m)
  • 5.3.3 Ultra-Deepwater (Above 1,500 m)
• 5.4 By Application
  • 5.4.1 Drilling
  • 5.4.2 Production
  • 5.4.3 Workover
  • 5.4.4 Others
• 5.5 By Geography
  • 5.5.1 North America
    • 5.5.1.1 United States
    • 5.5.1.2 Canada
    • 5.5.1.3 Mexico
  • 5.5.2 Europe
    • 5.5.2.1 Germany
    • 5.5.2.2 United Kingdom
    • 5.5.2.3 France
    • 5.5.2.4 Italy
    • 5.5.2.5 NORDIC Countries
    • 5.5.2.6 Russia
    • 5.5.2.7 Rest of Europe
  • 5.5.3 Asia-Pacific
    • 5.5.3.1 China
    • 5.5.3.2 India
    • 5.5.3.3 Japan
    • 5.5.3.4 South Korea
    • 5.5.3.5 ASEAN Countries
    • 5.5.3.6 Rest of Asia-Pacific
  • 5.5.4 South America
    • 5.5.4.1 Brazil
    • 5.5.4.2 Argentina
    • 5.5.4.3 Rest of South America
  • 5.5.5 Middle East and Africa
    • 5.5.5.1 Saudi Arabia
    • 5.5.5.2 United Arab Emirates
    • 5.5.5.3 South Africa
    • 5.5.5.4 Egypt
    • 5.5.5.5 Rest of Middle East and Africa

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves (M&A, Partnerships, PPAs)
• 6.3 Market Share Analysis (Market Rank/Share for key companies)
• 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Products & Services, and Recent Developments)
  • 6.4.1 TechnipFMC
  • 6.4.2 Aker Solutions
  • 6.4.3 Subsea 7
  • 6.4.4 NOV Inc.
  • 6.4.5 Saipem
  • 6.4.6 Baker Hughes (OneSubsea)
  • 6.4.7 McDermott International
  • 6.4.8 Oceaneering International
  • 6.4.9 Vallourec
  • 6.4.10 Oil States Industries
  • 6.4.11 Prysmian Group
  • 6.4.12 Airborne Oil & Gas
  • 6.4.13 Shawcor
  • 6.4.14 Trelleborg Offshore
  • 6.4.15 Ocyan
  • 6.4.16 MODEC
  • 6.4.17 Kongsberg Maritime
  • 6.4.18 DeepOcean
  • 6.4.19 Sapura Energy
  • 6.4.20 Bourbon Offshore

7 Market Opportunities & Future Outlook

• 7.1 White-Space & Unmet-Need Assessment