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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Offshore Oil and Gas Pipeline Market Outlook
The global offshore oil and gas pipeline market attained a value of USD 14.70 billion in 2023. The industry is further expected to grow in the forecast period of 2024-2032 at a CAGR of 7% to reach USD 27.02 billion by 2032.
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The industry is driven by the rising demand for crude oil and natural gas, particularly from the Asia Pacific region and the growing demand for economical, safe, and reliable connectivity.
Market Segmentation
The offshore oil and gas pipeline are the pipelines, which are laid off the coast and are used primarily to carry oil or gas.
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The industry is segmented based on diameter, product, and line type.
Based on diameter, the industry is divided into:
- Greater Than 24”
- Below 24”
The industry is categorised based on products into:
- Oil
- Gas
- Refined Products
On the basis of line type, the industry is divided into:
- Transport Line
- Export Line
- Other
The EMR report looks into the regional markets of offshore oil and gas pipeline like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Market Analysis
The global offshore oil and gas pipeline industry is driven by the rising demand for economical, safe, and reliable connectivity. Europe is expected to become the largest market owing to the heavy imports as per energy demands. The refined product segment is predicted to be the largest contributor due to the growing demand for refined products, particularly from the Asia Pacific region. The greater than 24” segment is predicted to grow at the fastest rate over the forecast period due to the commissioning of planned projects in the forecast period.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global offshore oil and gas pipeline market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Saipem S.p.A.
- Subsea 7
- McDermott International, Ltd
- TechnipFMC plc
- Sapura Energy Berhad
- John Wood Group PLC
- Fugro
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Diameter |
|
| Breakup by Product |
|
| Breakup by Line Type |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global offshore oil and gas pipeline market attained a value of nearly USD 14.70 billion.
The market is projected to grow at a CAGR of 7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach nearly USD 27.02 billion by 2032.
The market is being fuelled by the expanding demand for crude oil and natural gas across industry verticals, growing demand for affordable and safe supply connectivity, and the rising investments by the leading market players in the research and development activities.
The key trends guiding the market growth include increasing investments in oil and gas exploration activities by governments, the rising demand for reliable and safe connectivity in the oil and gas sector, and the growing demand for refined oil products.
The major regions in the market are North America, Latin America, Europe, the Middle East, and Africa, and the Asia Pacific.
The major diameters of oil and gas pipeline considered in the market report are greater than 24” and below 24”.
The various products of oil and gas pipeline in the market are oil, gas, and refined products.
The significant line types considered in the market report are transport line and export line, among others.
The key market players are Saipem S.p.A., Subsea 7, McDermott International, Ltd, TechnipFMC plc, Sapura Energy Berhad, John Wood Group PLC, and Fugro, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124