Flexible Pipes Market for Oil and Gas Industry Growth, Trends Forecasts 2016-2020

Technavio Announces the Publication of its Research Report Global Flexible Pipes Market for Oil and Gas Industry 2016-2020

Technavio recognizes the following companies as the key players in the global flexible pipes market for oil and gas industry: Airborne Oil & Gas, General Electric Oil and Gas, National Oilwell Varco (NOV), SoluForce, and Technip.

Other Prominent Vendors in the market are: ContiTech AG, DeepFlex, FlexPipe Systems, FlexSteel Pipeline Technologies, and Prysmian.

Browse full report with TOC@ https://marketreportscenter.com/reports/356368/global-flexible-pipes-market-for-oil-and-gas-industry-2016-2020

Commenting on the report, an analyst from Technavios team said: Increasing number of horizontal wells will be a key trend for market growth. Flexible composite pipes are used in shallow and long horizontal wells. These composite pipes are the preferred choice as they can be easily retracted from these wells. The oil and gas industry is currently experiencing a shifting trend with respect to drilling pipes. Directional drilling is growing rapidly in comparison to vertical drilling. The production rate of horizontal wells is more than double in comparison to verticals wells. An increase in the number of horizontal wells is a potential growth opportunity for the market owing to the high application of flexible pipes in these wells.”

According to the report, demand for non-corrosive flexible pipes will be a key driver for market growth. The cost of repairing and replacing corroded pipes is subject to factors such as location, temperature, and materials. A large amount is spent annually across the globe in repairing and replacing piping systems, cracking transport pipeline, and others. Flexible pipes are widely used to reduce such expenses, as these pipes have high strength, durability, non-corrosiveness, and are lightweight. These properties make them a preferred alternative to steel and concrete pipes used in the oil and gas industry....