Offshore Pipeline Market-Trends, Opportunities, Market Volume, Competitive Landscape, Possible Challenges and Forecast to 2024

Market Research Future published a research report on “Global Offshore Pipeline Market Research Report – Global Forecast till 2024” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2024.

Market Highlights

Offshore pipeline is used as mode of transportation for oil & gas. These pipelines can be segmented as undersea gas and oil mixed transportation pipelines, based on the transmitter. According to the International Energy Agency (IEA), the oil demand is predicted to grow at an annual rate of 1.2 million barrels per day. By 2023, the oil demand is expected to reach 104.7 million barrels per day, more than 6.9 million barrels, per day in comparison to the oil demand witnessed in 2018. Such factors would boost the market growth of offshore pipelines.

The growing demand forOffshore Pipeline Market is attributed to increasing demand for crude oil and natural gas, especially from the Asia-Pacific and increasing demand for safe, economical, and reliable connectivity. One of the major restraints for the global offshore pipeline market is the constraints of cross border pipeline transportation.

The global offshore pipeline market is estimated to progress at ~6.80% CAGR during the forecast period.

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Key Players

The key players of the global offshore pipeline market are Saipem (Italy), subsea 7 (UK), Technip FMC (UK), Wood Group (UK), Sapura Energy (Malaysia), Atteris (Australia), Petrofac (UK), Fugro (Netherlands), Mcdermott (US), and others.

Market Segmentation

By Product

• Oil
• Gas
• Refined product

By Line Type

• Export Line
• Transport Line

By Diameter

• Below 24”
• Greater than 24”

By Regions

• North America
• Asia-Pacific
• Europe
• Middle East & Africa
• South America

Regional Overview

Europe accounts for the largest market share

Region wise, Europe held the largest market share of the global offshore pipeline market in 2017. It is estimated that Asia-Pacific would be the fastest growing market during the forecast period, mainly due to the rising investments in oil & gas processes. With the need for additional oil & gas pipelines, authorities in the US are taking initiatives to construct offshore pipelines. As per the construction Intelligence Center (CIC), Americas have the highest value of oil & gas construction projects, with USD 1.28 trillion in 2016. The US leads with projects worth USD 405.7 billion which would drive the offshore pipeline market in North America. The demand from the onshore & offshore fields in the Gulf of Mexico is also likely to add to the offshore pipeline market growth during the forecast period.

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Table of Content

• Global Offshore Pipeline Market Overview
• Manufacturers Profiles
• Global Offshore Pipeline Sales, Revenue, Market Share and Competition by Manufacturer
• Global Offshore Pipeline Market Analysis by Regions
• Global Market Segment by Type
• Global Offshore Pipeline Market Segment by Application
• Offshore Pipeline Market Forecast (2019-2024)
• Sales Channel, Distributors, Traders and Dealers
• Appendix

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