Dublin, Feb. 15, 2019 (GLOBE NEWSWIRE) -- The "Offshore Pipeline Market by Product (Oil, Gas, Refined Product), Line Type (Export Line, Transport Line), Diameter (Below 24, Greater Than 24), and Region (Americas, Europe, Asia Pacific, Middle East, & Africa) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
Increasing demand for safe, economical, and reliable connectivity expected to drive the overall offshore pipeline market The offshore pipeline market is expected to grow from USD 11.5 billion in 2018 to USD 15.8 billion by 2023, at a CAGR of 6.54%, from 2018 to 2023.
The offshore pipeline market is driven by various factors, such as increasing demand for crude oil & natural gas. However, growing demand for refined products can hinder the growth of the offshore pipeline market. Greater than 24 segment is expected to be the fastest growing during the forecast period The greater than 24 segment is the fastest growing segment in the offshore pipeline market. The European region is expected to have planned projects for the offshore pipeline with the addition of approximately 2,200 km by 2020. Major contractors include Saipem, National Petroleum Construction Company (NPCC), and McDermott International. Transport li ne segment is expected to grow at the highest CAGR in the offshore pipeline market during the forecast period The transport line segment is the highest growing segment in the offshore pipeline market. The transport line segment is expected to dominate the market with approximately 25,000 km addition of offshore pipeline during the forecast period. The major contractors for offshore pipeline market include companies such as National Petroleum Construction Company, Technip, Saipem, and Europipe. Europe is expected to record the highest growth rate during the forecast period Europe is expected to be the largest market during the forecast period. The region is expected to have around 12,500 km of offshore pipelines addition in the upcoming years. The region is expected to increase its 70% demand in the next 15 years. Moreover, the region has an offshore pipeline addition for around 12,500km during the forecast period. Countries such as Russia, Georgia, and Ukarine are likely to drive the growth of the offshore pipeline market during the forecast period.
The major players in the global offshore pipeline market, are Saipem (Italy), Subsea 7 (UK), McDermott (US), Sapura (Malaysia), Wood Group (UK), Technip (UK), Fugro (Netherlands), Atteris (Australia), Penspen (UK), Petrofac (UK), and Senaat (UAE) Key Topics Covered:
1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 4.1 Attractive Opportunities in the Offshore Pipeline Market 4.2 Europe Offshore Pipeline Market, By Diameter & Country 4.3 Offshore Pipeline Market, By Line Type 4.4 Offshore Pipeline Market, By Diameter 4.5 Offshore Pipeline Market, By Product 5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Increasing Demand for Crude Oil & Natural Gas, Especially From the Asia Pacific Region 5.2.1.2 Increasing Demand for Safe, Economical, and Reliable Connectivity 5.2.2 Restraints 5.2.2.1 Constraints of Cross Border Pipeline Transportation 5.2.3 Opportunities 5.2.3.1 Offshore/Ultra-Deepwater Discoveries 5.2.3.2 Growing Demand for Refined Products 5.2.4 Challenges 5.2.4.1 Severe Climatic Conditions & High Construction Cost 5.3 Supply Chain Overview 5.3.1 Key Influencers 5.3.1.1 Epc Companies 5.3.1.2 Pre-Commissioning Companies 5.3.1.3 Operators 5.3.1.4 Owners 6 Offshore Pipeline Market, By Diameter 6.1 Introduction 6.2 Greater Than 24 6.2.1 Europe is Expected to Be the Largest Market During the Forecast Period 6.3 Below 24 6.3.1 Europe is Expected to Be the Fastest Growing Market During the Forecast Period 7 Offshore Pipeline Market, By Product 7.1 Introduction 7.2 Oil 7.2.1 Middle East is Expected to Be the Most Attractive Market During the Forecast Period 7.3 Gas 7.3.1 Gas is Expected to Dominate the Market in Europe During the Forecast Period 7.4 Refined Products 7.4.1 Asia Pacific is Expected to Be the Largest Market for Refined Products During the Forecast Period 8 Offshore Pipeline Market, By Line Type 8.1 Introduction 8.2 Transport Line 8.2.1 Transport Line Segment is Likely to Boost the Demand in European Region During the Forecast Period 8.3 Export Line 8.3.1 Asia Pacific is Expected to Be the Largest Market for Export Line During the Forecast Period 8.4 Other Lines 9 Offshore Pipeline Market, By Region 10 Competitive Landscape 10.1 Introduction 10.2 Market Share Analysis 10.3 Competitive Leadership Mapping 10.3.1 Visionary Leaders 10.3.2 Innovators 10.3.3 Dynamic Differentiators 10.3.4 Emerging Companies 10.4 Competitive Scenario 10.4.1 New Product Launches 10.4.2 Contracts & Agreements 10.4.3 Mergers & Acquisitions 10.4.4 Partnerships, Collaborations, Alliances and Joint Ventures 11 Company Profiles 11.1 Saipem 11.2 Subsea 7 11.3 Mcdermott 11.4 Wood Group 11.5 Technip Fmc 11.6 Sapura Energy Berhad 11.7 Fugro 11.8 Atteris 11.9 Penspen 11.10 Petrofac 11.11 Senaat 11.12 L&T Hydrocarbon Engineering
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