Offshore Pipeline Market – Global Growth, Trends, COVID-19 Impact and Forecasts 2030

Offshore Pipeline Market was valued at US$ 14.15 Bn. in 2023. The Global Offshore Pipeline Market size is estimated to grow at a CAGR of 6% over the forecast period.
Offshore Pipeline Market Overview:
The report explores the offshore pipeline market segments (Type, Product, Line, Diameter, Depth of operation, geography. Data has been provided by market participants and regions (North America, Asia Pacific, Europe, Middle East, Africa, and South America). This market report offers a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2018 to 2023. This MMR report includes investor recommendations based on a thorough examination of the offshore pipeline market’s contemporary competitive scenario.

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Offshore Pipeline Market Dynamics:
A cost-Effective way of oil transportation:

The offshore pipes can transmit oil or gas endlessly, regardless of environmental circumstances. Due to the restrictions of offshore oil storage facility capacity or shuttle tanker without prompt picking, it does not require oil fields to lower output or stop. As a result, oil transportation efficiency is great, and oil tanker capacity is huge. Undersea pipeline building is quick and efficient. It is simple to manage and operate, operation costs are too low. The offshore building has improved trade efficiency in a variety of ways. Wind farms in the oceans, for example, create more electricity due to the stronger winds found in the oceans. Another significant cost-cutting measure is the use of gas pipelines, which save a significant amount of money.

The Flexibility of Location in Demand:

The transportation or transmission of the essential supplies consumes a significant amount of money and energy. It is very difficult if the end-user location is far, Offshore construction is a flexible alternative to putting the offshore structure close to the end user’s location, it saves money on transportation.

Avoidance of Densely Populated Areas, Small Surface Footprint:

Offshore pipelines occupy a very small amount of above-ground surface area. The majority of pipeline networks are typically buried beneath the earth's surface. The only exceptions are situations where natural rock formations obstruct their passage or where laying subsurface systems is uneconomical. Oil transport pipelines should be avoided in human-populated areas. The importance of this primarily underground pipeline network is that it reduces the potentially catastrophic hazards connected with man-made activities around transportation terminals.

Offshore pipeline Market Trends:

The offshore pipeline industry is expected to be driven by increasing demand for natural gas, which has led to the discovery of new gas sources and the adoption of convenient and affordable transportation of natural gas exports through subsea (offshore) pipes. In 2023, global natural gas production was estimated to be 3853.7 billion cubic meters. North America produces the most natural gas, about 1109.9 billion cubic meters, followed by the Middle East and Africa, which produce 917.9 billion cubic meters. During the forecasted period, this is expected to drive the offshore pipeline market.

Several oil and gas exploration and production companies across the globe have been able to grow their portfolio of viable deepwater and ultra-deepwater developments as a result of recent cost reductions and important technology improvements. As a result, the offshore pipeline industry is expected to increase rapidly through the forecast period.

The market is forecasted to be dominated by North America- Oil and gas pipeline infrastructure in countries like the United States and Canada is predicted to function at full capacity during the forecast period. With increased activity in the Gulf of Mexico, the offshore pipeline industry in the United States is likely to grow significantly and it is forecasted to launch 18 new gas production projects that are calculated to have a total reserve of 836 billion cubic feet of natural gas. In addition, the Canadian oil and gas sector may see record production levels, with pipelines regarded as the safest and most reliable cost-effective solution to meet the energy needs of high-value end-user markets.
Offshore Pipeline Market Segment Analysis:
Based on Product, the offshore pipeline Market is segmented into Oil, gas, and refined product pipelines. Due to rising demand, particularly from developing nations around the world, the refined product category is expected to dominate the market during the forecast period. Oil pipelines transport crude oil from subsea or within the oilfield to refineries. Export lines, feeder lines, and flow lines are examples of these. These aren't exceptionally long pipelines. The oil segment market is expected to grow as a result of the increased finding of new oilfields around the world, which is forecasted to lead to the construction of new refineries.

Based on Line, The offshore pipeline market is divided into three types of lines: transport, export, and other. During the forecasted period, the transport line segment is expected to dominate the market. Pipelines are an important part of every offshore oil and gas operation. These pipelines carry oil and gas products from undersea wells to the platform, as well as oil and gas from the platform to the coast for processing and distribution.

Based on Diameter, the offshore pipeline industry is divided into two categories based on diameter: more than 24 inches and less than 24 inches. During the forecasted period, the sector with more than 24 inches is expected to have a higher CAGR. Approximately 35,000 kilometers of 24-inch pipeline network are expected to be constructed globally between 2024 and 2030, driving market expansion in the more than 24-inch diameter segment. The diameter of the pipe controls the flow and pressure of hydrocarbons. The National Petroleum Construction Company (NPCC), Saipem, and McDermott International are a few of the prominent contractors in the market.

Based on Depth of Operation, the market can be divided into shallow waters and deep waters depending on the depth of the water. The benefit of building pipe onsure and the use of small watercraft for transporting pipe strings to installation sites make the tow-in technique preferable in shallow water. S-lay and J-lay procedures are extensively productive in deep water because they give a high pipe laying pace while accommodating a wide range of pipeline diameters.
Regional Insights:
The Europe region held the largest market share accounting for 39% in 2023. Europe's energy needs are mainly reliant on imports (nearly 50 percent consumption volumes). Over the forecast period, this dependency is predicted to rise to around 70%. Europe is primarily reliant on conventional fuels, with conventional energy accounting for roughly 80% of total consumption. Countries with high energy consumption, such as the United Kingdom, France, and Germany, have little output but great demand.

Asia-Pacific is forecasted to be the fastest-growing region its consumption is predicted to rise by up to 48%. China is predicted to provide 30% of global energy growth until 2025, according to the International Energy Agency (IEA). China's natural gas imports have steadily climbed, reaching 4.2 million in 2021, satisfying rising demand.

The objective of the report is to present a comprehensive analysis of the offshore pipeline Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
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Global Offshore pipeline Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 14.15 Bn.


Forecast Period 2024 to 2030 CAGR:
6%
Market Size in 2030:
US $ 21.27 Bn.


 Segments Covered:
by Product
Natural Gas
Crude Oil
Refined Products


by Line
Transport Line
Export Line
Others


by Diameter
Below 24 Inch
Above 24 Inch


by Depth of Operation
Shallow Water
Deep Water



Offshore Pipeline Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Offshore Pipeline Market Key Players are:
1. Technip
2. Saipem
3. Subsea 7
4. Petrofac
5. Allseas
6. National petroleum construction company
7. Mc Dermott international
8. Penspen
9. Senaat
10.Tmk Group
11.United states steel corporation
12.Jesco
13.Sapura
14.Wood group
15.Furgo
16.Atteris
17.Tenaric
Frequently Asked Questions:
1] What segments are covered in the Global offshore pipeline Market report?
Ans. The segments covered in the offshore pipeline Market report are based on Product Type, Line Type, Diameter Type, and Depth of operation.

2] Which region is expected to hold the highest share in the Global offshore pipeline Market?
Ans. The Europe region is expected to hold the highest share in the offshore pipeline market.

3] What is the market size of the Global offshore pipeline Market by 2030?
Ans. The market size of the offshore pipeline Market by 2030 is expected to reach US$ 21.27 Bn.

4] What is the forecast period for the Global offshore pipeline Market?
Ans. The forecast period for the offshore pipeline Market is 2024-2030.

5] What was the market size of the Global offshore pipeline Market in 2023?
Ans. The market size of the Diesel Particulate Filter Market in 2023 was valued at US$ 14.15 Bn.