The global Offshore Pipeline Market is estimated to be valued at Us$ 15.50 Bn in 2023 and is expected to exhibit a CAGR Of 4.7% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.
Offshore pipelines are extremely essential components for transportation of oil and gas over long distance through oceans and seas. They offer safe, reliable and cost effective transportation of oil and gas from offshore oil rigs and platforms to onshore facilities and terminals. Development of offshore oilfields and discoveries of new reserves are expected to drive demand for offshore pipelines during the forecast period.
Market Overview:
Offshore pipelines are used for transportation of oil and gas from offshore oil rigs, platforms and reserves to onshore facilities. They can withstand harsh marine conditions and allow long distance transportation of oil and gas in a safe and reliable manner. Growing energy demand and focus on development of new offshore reserves is fueling demand for offshore pipelines.
Market key trends:
One of the key trends witnessed in the global offshore pipeline market is growing investments in development of deepwater and ultra-deepwater reserves. With depleting shallow water reserves, major oil and gas companies are increasingly exploring opportunities in reserves located thousands of feet deep under sea surface. However, transportation of oil and gas from such deep reserves poses significant technical challenges. Development of specialized longer and heavier offshore pipelines is crucial for economic development of deepwater reserves, which is expected to drive demand during the forecast period.
Segment Analysis
Offshore Pipeline Market is segmented by product type, line type, and region. The product type segment includes oil, gas and dual. Among these, the oil segment dominated the market in 2023 and is expected to maintain its dominance over the forecast period due to increasing demand for oil transportation across long distances.
Key Takeaways
The Global Offshore Pipeline Market Demand is expected to witness high growth, exhibiting CAGR of 4.7% over the forecast period, due to increasing demand for oil and gas amid rising energy needs globally.
Regional analysis
Asia Pacific dominated the global market in 2023 and is expected to grow at the fastest rate during the forecast period. This can be attributed to rising oil and gas exploration activities and increasing investments in offshore pipeline infrastructure development in countries like India and China.
Key players analysis
Key players operating in the Offshore Pipeline Market are Saipem, Subsea 7 S.A., McDermott International, and TechnipFMC plc. Saipem and Subsea 7 S.A. captured over 30% of the global market share in 2023 owing to their large scale operations and extensive experience in offshore pipeline installation.
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Report Summary:The report titled "Offshore Pipeline Market" offers a primary overview of the Offshore Pipeline industry covering different product definitions, classifications, and participants in the industry chain structure.
The quantitative and qualitative analysis is provided for the global Offshore Pipeline market considering competitive landscape, development trends, and key critical success factors (CSFs) prevailing in the Offshore Pipeline industry.Historical Forecast Period2013 - 2017 – Historical Year for Offshore Pipeline Market2018 – Base Year for Offshore Pipeline Market2019-2027 – Forecast Period for Offshore Pipeline MarketClick Here to Get Sample Premium Report @https://www.trendsmarketresearch.com/report/sample/12950 Key Developments in the Offshore Pipeline MarketTo describe Offshore Pipeline Introduction, product type and application, market overview, market analysis by countries, market opportunities, market risk, market driving force;To analyze the manufacturers of Offshore Pipeline, with profile, main business, news, sales, price, revenue and market share in 2016 and 2018;To display the competitive situation among the top manufacturers in Global, with sales, revenue and market share in 2016 and 2018;To show the market by type and application, with sales, price, revenue, market share and growth rate by type and application, from 2013 to 2019;To analyze the key countries by manufacturers, Type and Application, covering North America, Europe, Asia Pacific, Middle-East and South America, with sales, revenue and market share by manufacturers, types and applications;Offshore Pipeline market forecast, by countries, type and application, with sales, price, revenue and growth rate forecast, from 2018 to 2026;To analyze the manufacturing cost, key raw materials and manufacturing process etc.To analyze the industrial chain, sourcing strategy and downstream end users (buyers);Todescribe Offshore Pipeline sales channel, distributors, traders, dealers etc.To describe Offshore Pipeline Research Findings and Conclusion, Appendix, methodology and data sourceYou can Buy This Report from Here @https://www.trendsmarketresearch.com/checkout/12950/Single Market Segment by Manufacturers, this report covers • Saipem• Subsea 7• McDermott• Sapura• Wood Group• Technip• Fugro• Atteris• Penspen• Petrofac• SenaatMarket Segment by Countries, covering• North America (United States, Canada, Mexico) Market Revenue and/or VolumeEurope (Germany, UK, France, Russia, Italy) Market Revenue and/or VolumeAsia Pacific (China, Japan, Korea, India, Southeast Asia) Market Revenue and/or VolumeMiddle-East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa) Market Revenue and/or VolumeSouth America (Brazil, Argentina, Colombia, etc.)
Market Revenue and/or VolumeRequest For Report Discounts @https://www.trendsmarketresearch.com/report/discount/12950Market Segment by Type, covers• Export Line• Transport LineMarket Segment by Applications, can be divided into• Oil• Gas• Refined Product
