Subsea Swivel Joints & Flanges Market Size, Share, and Industry Analysis, By Application (Subsea Tree Connections, Production Manifold Connections, Free Standing Hybrid Risers (FSHR), In-Line T Connections, Pipeline End Termination (PLET) Connections and Pipeline End Manifold (PLEM) Connections), and Regional Forecast, 2025-2032

Subsea swivel joints and flanges are essential components used in offshore oil and gas manufacturing systems, where subsea swivel joints and flanges connect pipes to other equipment and allow flexible risers and flow pipes from moving due to waves and thermal expansion while maintaining a seal that prevents the leakage and maintains system integrity. The swivel ring flange is commonly used in offshore and subsea applications. It consists of a rotating outer ring and hub that allows for easy alignment of the bolts. Swivel flanges are adjusted according to bolt-hole deviations in the field by adjusting the flange ring bolt-hole pattern relative to the spool piece.

• In April 2024, the ACE platform was the seventh oil production platform installed in the giant ACG field in the Caspian Sea. The ACE platform and associated services are intended to process up to 100,000 barrels of oil per day, and the plan is anticipated to produce up to 300 million barrels during its generation. The oil will pass through the processing facilities and then be exported approximately 130 kilometers to the Sangachal land terminal via a new pipeline connected to the existing pipeline via a 30-inch subsea export line. The project will have an optimistic impact on the market for underwater swivel joints and flanges, as they are used to connect pipelines and prevent oil spills.

The hindering factor for the subsea swivel joints and flanges market is the harsh environmental conditions that are affecting the market as subsea swivel joints and flanges are used for connecting pieces that join two sections of pipe or equipment together. Still, they are exposed to corrosive seawater, high pressures, and fluctuating temperatures, leading to corrosion and material degradation over time. The required material is expensive, affects the end product and restricts the market growth.

There was a negative impact on the subsea swivel joints and flanges market due to the COVID-19 pandemic. Lockdown regulations and restrictions on domestic and international transportation and trade disrupted supply chains for the stakeholders operating in the current market for the oil & gas industry. Furthermore, large-scale demand and supply hindered the movement of crude or raw oil prices. There was a powerful effect of the COVID-19 outbreak on the price velocity of crude oil but not on natural gas.

IMPORTANT INSIGHTS

The report includes the following key findings:

• Recent Advancements in the Subsea Swivel Joints and Flanges Market


• Key Industry Trends


• The Regulatory Landscape for the Subsea Swivel Joints and Flanges Market


• Impact of COVID-19 on the market

SEGMENTATION

ANALYSIS BY  APPLICATION

By application, the global subsea swivel joints and flanges market is divided into Subsea Tree Connections, Production Manifold Connections, Free Standing Hybrid Risers (FSHR), In-Line T Connections, Pipeline End Termination (PLET) Connections, and Pipeline End Manifold (PLEM) Connections. Based on application type, subsea tree connections are significant for the operation and maintenance of subsea Christmas trees, which are assemblies of valves and other components installed on the wellhead of a subsea oil or gas well. These connections are majorly used in subsea oil and gas production. Production manifold connection assists in the smooth distribution of fluid from a single source to multiple outputs or vice versa. In the oil and gas industry, this may be used when the fluid has to be transferred from wells to test lines or from the storage tank to the production line. Free Standing Hybrid Risers (FSHR) are advanced solutions used in offshore oil and gas production processes to connect subsea wells to surface facilities. Free-standing hybrid risers are mainly used for the deepwater and ultra-deepwater oil and gas fields, where water depths exceed traditional riser capabilities. Pipeline End Termination (PLET) Connections and Pipeline End Manifold (PLEM) Connections unit connection points between two or several pipelines. The Pipeline End Termination (PLET) comprises a single pipeline connection only, while the Pipeline End Manifold (PLEM) supports two or more pipeline connections.

REGIONAL ANALYSIS

The global subsea swivel joints and flanges market has been categorized into regions: North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.

North America is expected to grow during the forecast period as increasing offshore oil and gas production in North America is impacting the subsea swivel joints and flanges market as they are extensively used in deepwater and ultra-deepwater fields to connect subsea wells to production facilities. Europe is expected to flourish during the forecast period as various companies are coming forward with offshore oil & gas projects and installations. This leads the subsea swivel joints, and flanges play a vital role in connecting subsea wells to production platforms and FPSOs (Floating Production Storage and Offloading vessels) in these harsh and challenging environments.

Asia Pacific leads various offshore oil and gas activities, including fields in the South China Sea and Southeast Asia. Subsea swivel joints and flanges are used in various projects to support subsea production and tieback operations. With increasing exploration and development, the demand for subsea swivel joints and flanges is increasing. For example, in Indonesia and Malaysia, the demand for subsea infrastructure components is expected to grow. Latin America, the Middle East and Africa are expected to grow during the forecast period as developing countries in the region are increasing the projects related to oil exploration projects exploiting significant hydrocarbon reserves in the deep waters. Oil and gas are transferred by vessels that use a floating production container offloading unit. After exporting the first batch of crude oil, the country's production increases and domestic economic profits. The increase in oil and gas projects will have a positive impact on the subsea swivels and flanges market.

KEY PLAYERS COVERED

Key players in the oil & gas pipelines market are Oil States Industries, Inc., Werner Sölken, RotaFlow, CCSC Petroleum Equipment LTD CO, Dynamic Sealing Technologies, Inc,  KAYSUNS, Dixon Valve & Coupling Company LLC, Unimech Oil & Gas, MannTek and Marcel Piping Projects Supply PVT LTD. 

KEY INDUSTRY DEVELOPMENTS

• In February 2024, SLB announced the signing of a new long-term strategic collaboration agreement between Equinor ASA and the Subsea Integration Alliance that comprises OneSubsea and Subsea7. The agreement covers the way for exploratory work to begin on two projects, the Wisting field offshore Norway and Bay Du Nord, off Newfoundland and Labrador, Canada.

• In May 2022, the Haihao group introduced a new swivel flange, a flange that can be adjusted in real time during installation. It is usually composed of two concentric or coaxial parts, which are usually called a flange inner ring and a flange outer ring. The flange outer ring usually has bolt holes for fastening the connection, while the flange inner ring usually needs to be welded to the pipe to be connected.