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Riser Market Size, Share and Forecast 2026-2036

The global riser market is worth USD 3.6 bn in 2026 and is forecast to reach USD 6.6 bn by 2036, growing at a 6.2% CAGR. Brazil is the largest country market and Flexible risers is the largest by type segment.

USD 3.6 bnMarket size 2026
USD 6.6 bnForecast 2036
6.2%CAGR 2026-2036
BrazilLargest country

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5 segmentation views25 countries2026 to 2036 yearly forecast

Market overview

The global riser market is worth USD 3.6 bn in 2026 and is forecast to reach USD 6.6 bn by 2036, growing at a 6.2% CAGR. Brazil is the largest country market and Flexible risers is the largest by type segment.

ScopeMarine risers connecting subsea wells to floating production and drilling units: flexible, steel catenary, top-tensioned and hybrid risers, including ancillary buoyancy and connectors.
IndustryOil and Gas
Value 2025USD 3.4 bn
Value 2026USD 3.6 bn
Value 2036USD 6.6 bn
CAGR 2026-20366.2%
Volume 20261,775 kilometres
Volume 20362,657 kilometres
Average price 2026USD 2,040,000 per kilometre
Report priceStarts from USD 1,999
PublishedNovember 2026

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Riser market size and forecast, 2026-2036

Exhibit 1The global riser market is forecast to grow from USD 3.6 bn in 2026 to USD 6.6 bn by 2036, a rise of 82%Global market value in USD: 2025 base year, 2026 estimate and forecast to 2036. CAGR 2026 to 2036: 6.2%
Riser market value, 2025 to 2036Market value by year. 2025: USD 3.4 bn; 2026: USD 3.6 bn; 2027: USD 3.8 bn; 2028: USD 4.1 bn; 2029: USD 4.3 bn; 2030: USD 4.6 bn; 2031: USD 4.9 bn; 2032: USD 5.2 bn; 2033: USD 5.5 bn; 2034: USD 5.9 bn; 2035: USD 6.2 bn; 2036: USD 6.6 bn. Compound annual growth rate 2026 to 2036: 6.2%.20253.6 bn20264.9 bn20316.6 bn20366.2% CAGR

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

YearMarket value
2026USD 3.6 bn
2027USD 3.8 bn
2028USD 4.1 bn
2029USD 4.3 bn
2030USD 4.6 bn
2031USD 4.9 bn
2032USD 5.2 bn
2033USD 5.5 bn
2034USD 5.9 bn
2035USD 6.2 bn
2036USD 6.6 bn

Riser market segmentation

By type

Exhibit 2Flexible risers is the largest segment by type, with 48.0% of 2026 revenueEstimated share of 2026 global revenue, by type
Riser market share by type, 2026Share of 2026 revenue by type. Flexible risers: 48.0%; Steel catenary risers: 24.0%; Top-tensioned risers: 14.0%; Hybrid and other risers: 14.0%.Flexible risers48.0%Steel catenary risers24.0%Top-tensioned risers14.0%Hybrid and other risers14.0%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Flexible risers48.0%50.7%USD 1.7 bn6.8%
Steel catenary risers24.0%23.1%USD 869 mn5.8%
Top-tensioned risers14.0%12.8%USD 507 mn5.3%
Hybrid and other risers14.0%13.5%USD 507 mn5.8%

By water depth

Exhibit 3Ultra-deepwater adds the most revenue by water depth, growing from USD 1.4 bn in 2026 to USD 2.8 bn by 2036Estimated revenue in USD by water depth, 2026 and 2036 forecast
Riser market by water depth, 2026 and 2036Revenue by water depth in 2026 and 2036. Deepwater: USD 1.6 bn in 2026, USD 2.9 bn in 2036, change +83%; Ultra-deepwater: USD 1.4 bn in 2026, USD 2.8 bn in 2036, change +101%; Shallow: USD 652 mn in 2026, USD 939 mn in 2036, change +44%.20262036 forecastChangeDeepwater+83%1.6 bn2.9 bnUltra-deepwater+101%1.4 bn2.8 bnShallow+44%652 mn939 mn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Shallow18.0%14.2%USD 652 mn3.7%
Deepwater44.0%44.0%USD 1.6 bn6.2%
Ultra-deepwater38.0%41.8%USD 1.4 bn7.2%

By application

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Production62.0%62.9%USD 2.2 bn6.4%
Drilling20.0%18.5%USD 724 mn5.3%
Export11.0%11.2%USD 398 mn6.4%
Injection7.0%7.4%USD 253 mn6.9%

By material

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Steel46.0%44.9%USD 1.7 bn5.9%
Flexible polymer and steel38.0%37.0%USD 1.4 bn5.9%
Titanium and composite16.0%18.1%USD 579 mn7.5%

By host unit

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
FPSO42.0%47.1%USD 1.5 bn7.4%
Semi-submersible and TLP34.0%32.9%USD 1.2 bn5.8%
Spar and fixed platforms24.0%20.0%USD 869 mn4.3%

Top 25 countries for riser by revenue

Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 80.0% of 2026 revenue and the 25 countries below together hold 94.0%.

Exhibit 4Brazil is the largest country market at USD 869 mn in 2026, and the three largest countries hold 46.0% of global revenueEstimated 2026 revenue in USD and share of the global market, ten largest countries
Riser market, ten largest countries in 2026Ten largest countries by 2026 revenue. Brazil: USD 869 mn, 24.0%; United States: USD 507 mn, 14.0%; Norway: USD 290 mn, 8.0%; United Kingdom: USD 253 mn, 7.0%; Angola: USD 217 mn, 6.0%; Guyana: USD 217 mn, 6.0%; Nigeria: USD 181 mn, 5.0%; Australia: USD 145 mn, 4.0%; Malaysia: USD 109 mn, 3.0%; Mexico: USD 109 mn, 3.0%.Brazil869 mn 24.0%United States507 mn 14.0%Norway290 mn 8.0%United Kingdom253 mn 7.0%Angola217 mn 6.0%Guyana217 mn 6.0%Nigeria181 mn 5.0%Australia145 mn 4.0%Malaysia109 mn 3.0%Mexico109 mn 3.0%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

#CountryValue 2026Share 2026Value 2036CAGR 2026-36
1BrazilUSD 869 mn24.0%USD 1.7 bn7.0%
2United StatesUSD 507 mn14.0%USD 826 mn5.0%
3NorwayUSD 290 mn8.0%USD 469 mn4.9%
4United KingdomUSD 253 mn7.0%USD 377 mn4.0%
5AngolaUSD 217 mn6.0%USD 357 mn5.1%
6GuyanaUSD 217 mn6.0%USD 674 mn12.0%
7NigeriaUSD 181 mn5.0%USD 297 mn5.1%
8AustraliaUSD 145 mn4.0%USD 238 mn5.1%
9MalaysiaUSD 109 mn3.0%USD 178 mn5.1%
10MexicoUSD 109 mn3.0%USD 172 mn4.7%
11Trinidad and TobagoUSD 85 mn2.4%USD 155 mn6.2%
12GhanaUSD 58 mn1.6%USD 106 mn6.2%
13IndiaUSD 47 mn1.3%USD 85 mn6.2%
14ChinaUSD 40 mn1.1%USD 73 mn6.2%
15ThailandUSD 35 mn1.0%USD 64 mn6.2%
16CanadaUSD 32 mn0.9%USD 58 mn6.2%
17RussiaUSD 29 mn0.8%USD 54 mn6.2%
18Saudi ArabiaUSD 27 mn0.8%USD 50 mn6.2%
19EgyptUSD 25 mn0.7%USD 46 mn6.2%
20QatarUSD 24 mn0.7%USD 44 mn6.2%
21ColombiaUSD 23 mn0.6%USD 42 mn6.2%
22TurkeyUSD 22 mn0.6%USD 40 mn6.2%
23SenegalUSD 21 mn0.6%USD 38 mn6.2%
24MozambiqueUSD 20 mn0.6%USD 36 mn6.2%
25IndonesiaUSD 19 mn0.5%USD 35 mn6.2%
Rest of worldUSD 217 mn6.0%USD 383 mn5.8%
Exhibit 5Brazil and Guyana account for 43% of the USD 3.0 bn the market is forecast to add by 2036Forecast revenue added between 2026 and 2036 by country, in USD
Riser market, where the growth to 2036 comes fromRevenue added between 2026 and 2036. Market value 2026: USD 3.6 bn. Brazil: +USD 842 mn; Guyana: +USD 457 mn; United States: +USD 319 mn; Norway: +USD 179 mn; Angola: +USD 140 mn; 20 other countries: +USD 884 mn; Rest of world: +USD 166 mn. Market value 2036: USD 6.6 bn.Market value 20263.6 bnBrazil+842 mnGuyana+457 mnUnited States+319 mnNorway+179 mnAngola+140 mn20 other countries+884 mnRest of world+166 mnMarket value 20366.6 bn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

Competitive landscape

Group 1: Global leaders

  • TechnipFMC
  • NOV
  • Baker Hughes
  • Saipem

Group 2: Regional and specialist players

  • Aker Solutions
  • Subsea 7
  • Innovex International
  • Oceaneering
  • Trelleborg
  • Balmoral Offshore Engineering
  • Vallourec
  • Oil States International

Group 3: Emerging and niche players

  • Airborne Oil & Gas
  • Strohm
  • Aquaterra Energy

Research methodology

Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the riser market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.

The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 6.2% is calculated from the resulting values.

The market is divided by type, by water depth, by application, by material, by host unit. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.

Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.

Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.

Read the full research methodology

Frequently asked questions

How big is the riser market?

The global riser market is estimated at USD 3.4 bn in 2025 and USD 3.6 bn in 2026.

How fast will the riser market grow?

It is forecast to reach USD 6.6 bn by 2036, a compound annual growth rate of 6.2% from 2026, an increase of USD 3.0 bn.

Which country is the largest market for riser?

Brazil is the largest market by revenue at USD 869 mn in 2026, 24.0% of the global total. The three largest countries together hold 46.0%.

Which country is growing fastest?

Among the ten largest markets, Guyana is growing fastest at 12.0% a year from 2026 to 2036.

Which riser segment is largest?

In the by type split, Flexible risers is the largest segment with 48.0% of 2026 revenue.

Who are the leading riser companies?

Global leaders include TechnipFMC, NOV, Baker Hughes, Saipem.

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