Offshore Pipeline Market – 2019 Global Industry Analysis By Size, Growth, Merger, Share, Trends, Revenue, With Regional Forecast To 2024

Jul 11, 2019

Offshore Pipeline Market to Rise At 6.80% CAGR and reach $16.87 billion value by 2024, according Global Offshore Pipeline Market Analysis Report published by Market Research Future. Offshore Pipeline Market by Product, Line Type, Diameter, Region with Forecast to 2024.

Pune, India - July 11, 2019 /MarketersMedia/ —

Offshore Pipeline Market to Rise At 6.80% CAGR and reach $16.87 billion value by 2024, according Global Offshore Pipeline Market Analysis Report published by Market Research Future. Offshore pipelines are a part of offshore oil & gas projects which are placed on seafloor or below them. Global Offshore Pipeline Industry Report analyzes Market for Offshore Pipeline by Product (Oil, Gas, and refined product), Line Type (Export Line and Transport Line), Diameter (Below 24, greater than 24), Region with Forecast to 2024.

Key market players include Saipem, Fugro, Mcdermott, Petrofac, Atteris, Sapura Energy, Wood Group, Technip FMC, subsea 7, and others. Renewal of licenses and partnerships are major strategies characterizing the market.

Get Free Sample “Global Offshore Pipeline Market Report 2019” At: https://www.marketresearchfuture.com/sample_request/7694

Market Highlights:

High Energy Demand to Drive Global Offshore Pipeline Market. Offshore Pipelines are installed at 7000 feet below the water surface for efficient transport of oil and gas in an efficient manner. The global offshore pipeline market report by Market Research Future (MRFR) contains trends, opportunities, and restraints which can give investors of the possible demand till 2024.

The global offshore pipeline market size can touch USD 16.87 billion by 2024 at a CAGR of 6.80% between 2018 and 2024 (forecast timespan). High demand for crude oil and gas is expected to primarily drive the market growth over the forecast timespan. According to the International Energy Agency, the demand for oil can grow at 6.9 million barrels annually by 2024.

Partnerships by oil & gas companies with governments to ensure the constant supply can propel market demand. This is exemplified by petroleum extraction companies entering agreements with engineering firms for building secure lines. For instance, Petrobras, a Brazilian semi-multinational company, awarded a USD 250 million contract to Mcdermott International Inc for a natural gas pipeline project.

Rough environments and the dynamic nature of ocean currents can pose a challenge to the market.

Segmentation

The offshore pipeline market is segmented by product, diameter, and line type.

By product, it is segmented into oil, gas, and refined product.

By diameter, it is segmented into below 24 and greater than 24. The greater than 24 segments is expected to dominate and exhibit a stupendous growth rate over the assessment period.

By line type, it is segmented into export line and transport line. The transport line segment is expected to gain a large market share till the end of the forecast period. This can be attributed to the line being commonly used for transportation of oil & gas.

Regional Analysis:

Geographically, the offshore pipeline market covers growth and demand patterns across Europe, North America, Asia Pacific (APAC), and Rest-of-the-World (RoW).

Europe will be the biggest region till 2024 due to high energy demand. In addition, need for refined products coupled with its import from Central Asia and the Middle East & Africa is expected to drive the market growth in the region. The reliance on conventional fuels by countries of Germany, France, and U.K. on the Middle East and Russia can induce market demand.

APAC is projected to display a robust CAGR over the assessment period due to investments in the oil & gas sector. The energy crunch coupled with petrol-driven vehicles can create demand for the offshore pipeline market till 2024.

North America was pegged at a value of USD 1.28 trillion in 2016, with the U.S. being worth USD 405.7 billion alone. It is driven by large reserves of natural gas in the U.S. Eni, an Italian company, has started the production in its plant based near Mexico. The pipeline transports the oil after extraction to the San Ramón plant for treatment. The plant can deliver close to 15,000 barrels of oil on a daily basis.

Competitive Landscape

Tullow Oil, one of the reputed explorations & production companies, recently gained approval from the Peruvian government for offshore exploration and drilling activities in 2019.

Industry News:

In 2019, Allseas, a Finnish company managed to complete the construction of offline pipes across the Baltic channel with the help of its naval vessel, Lorelay. It will be connected to onshore pipelines by the end of the year.

Table Of Contents

1 Executive Summary

2 Market Introduction

2.1 Market Definition

2.2 Scope Of The Study

2.3 Market Structure

3 Research Methodology

3.1 Primary Research

3.2 Secondary Research

3.3 Market Size Estimation

3.4 Forecast Model

3.5 List Of Assumptions

3.6 Limitations Of The Study

4 Market Insights

5 Market Dynamics

5.1 Introduction

5.2 Market Drivers

5.3 Market Restraints

5.4 Market Opportunities

5.5 Porter’s Five Forces Analysis

5.5.1 Threat Of New Entrants

5.5.2 Bargaining Power Of Buyers

5.5.3 Bargaining Power Of Suppliers

5.5.4 Threat Of Substitutes

5.5.5 Intensity Of Rivalry

5.6 Value Chain/Supply Chain Analysis

6 Global Offshore Pipeline Market, By Product

6.1 Introduction

6.2 Oil

6.2.1 Market Estimates & Forecast, 2017–2024

6.2.2 Market Estimates & Forecast, By Region, 2018–2024

6.3 Gas

6.3.1 Market Estimates & Forecast, 2017–2024

6.3.2 Market Estimates & Forecast, By Region, 2018–2024

6.4 Refined Product

6.4.1 Market Estimates & Forecast, 2017–2024

6.4.2 Market Estimates & Forecast, By Region, 2018–2024

7 Global Offshore Pipeline Market, By Line Type

7.1 Introduction

7.2 Export Line

7.2.1 Market Estimates & Forecast, 2017–2024

7.2.2 Market Estimates & Forecast, By Region, 2018–2024

7.3 Transport Line

7.3.1 Market Estimates & Forecast, 2017–2024

7.3.2 Market Estimates & Forecast, By Region, 2018–2024

8 Global Offshore Pipeline Market, By Diameter

8.1 Introduction

8.2 Below 24

8.2.1 Market Estimates & Forecast, 2017–2024

8.2.2 Market Estimates & Forecast, By Region, 2018–2024

8.3 Great Than 24

8.3.1 Market Estimates & Forecast, 2017–2024

8.3.2 Market Estimates & Forecast, By Region, 2018–2024

9 Global Offshore Pipeline Market, By Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, By Product, 2017–2024

9.2.2 Market Estimates & Forecast, By Line Type, 2017–2024

9.2.3 Market Estimates & Forecast, By Diameter, 2017–2024

9.2.4 Market Estimates & Forecast, By Country, 2017–2024

9.2.5 US

Continued…

List of Tables:

Table 1 Global Offshore Pipeline Market, By Region, 2018–2024 (USD Million)

Table 2 North America Offshore Pipeline Market, By Country, 2017–2024 (USD Million)

Table 3 Europe Offshore Pipeline Market, By Country, 2017–2024 (USD Million)

Table 4 Asia-Pacific Offshore Pipeline Market, By Country, 2017–2024 (USD Million)

Table 5 Middle East & Africa Offshore Pipeline Market, By Country, 2017–2024 (USD Million)

Table 6 South America Offshore Pipeline Market, By Country, 2017–2024 (USD Million)

Continued…

List of Figures

FIGURE 1 Research Process Of MRFR

Figure 2 Top Down & Bottom Up Approach

Figure 3 Market Dynamics

Figure 4 Impact Analysis: Market Drivers

Figure 5 Impact Analysis: Market Restraints

Figure 6 Porter’s Five Forces Analysis

Figure 7 Value Chain Analysis

Figure 8 Global Offshore Pipeline Market Share, By Product, 2018 (%)

Continued…

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Organization: Market Research Future
Address: Market Research Future Office No. 528,, Amanora Chambers Magarpatta Road, Pune, India.,
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Website: https://www.marketresearchfuture.com/reports/offshore-pipeline-market-7694

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Source: MarketersMedia

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