The global offshore pipeline market is anticipated to gain impetus from a rise in the demand for natural gas, refined products, and crude oil. According to a report by Fortune Business Insights, titled, “Offshore Pipeline Market Size, Share and Global Trend by Installation Technique (S lay, J lay, Tow In), by Line Type (Transport Line, Export Line), by Product Type (Natural Gas, Crude Oil, Refined Products), by Diameter (Below 24 Inch, Above 24 inch), by Depth of Operation (Shallow Water, Deep Water) and by Geography Forecast till 2026,” pipeline transportation is much more efficient unlike the other means of transportation. This is one of the major reasons that is expected to contribute to the global offshore pipeline market growth.
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Fortune Business Insights has profiled some of the leading market players operating in the global offshore pipeline market. These are
- Mc Dermott international
- United States Steel Corporation
- Wood Group
- Subsea 7
- National Petroleum Construction Company
- Tmk Group
Key Market Driver – Increase in demand of hydrocarbons by high energy consuming countries.
Key Market Restraint – High initial cost of installation
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Key Segmental Overview:
1. By Installation Technique
- S lay
- J lay
- Tow In
2. By Line Type
- Transport Line
- Export Line
3. By Product Type
- Natural Gas
- Crude Oil
- Refined Products
4. By Diameter
- Below 24 Inch
- Above 24 inch
5. By Depth of Operation
- Shallow Water
- Deep Water
6. By Geography
- North America (USA and Canada)
- Europe (UK, Germany, France, Italy, Spain Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, Australia Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (GCC, South Africa, and Rest of Middle East & Africa)
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The report classifies the global offshore pipeline market on the bases of installation techniques, line type, product type, diameter, depth of operation, and geography. In terms of installation techniques, the market is divided into J lay, tow in, and S lay. In terms of line type, the market is grouped into export line, transport line, and others. Refined products, crude oil, and natural gas are the types of products. By diameter, the market is grouped by below 24 inch and above 24 inch. In terms of depth of operation, the market is categorized into shallow water and deep water.
Rising Demand for Natural Gas and Refined Products to Favor Growth in Asia Pacific
The global offshore pipeline market is geographically segmented into Europe, Latin America, Asia Pacific, the Middle East and Africa, and North America. Amongst these, the U.S.A. has the maximum length of offshore pipelines for gas and oil installed across the world. In Europe, countries, namely, Germany, the U.K., and Germany are at the top in terms of length of pipeline. In Latin America, Brazil currently possesses a well-established pipeline network. Due to the hydrocarbon rich countries in Southeast Asia, the region is anticipated to witness notable growth in the coming years. In Asia Pacific, emerging countries, such as India and China are facing huge demands for refined products and natural gas. This is likely to propel the offshore pipeline market revenue in the region.
McDermott International, Liberty Group, and Other Key Players Aim to Boost Growth
McDermott International, a multinational construction, engineering, installation, and procurement company, headquartered in the U.S., announced in February 2019 that it has won two contracts from Sapura Exploration and Production and Sarawak Shell Berhad, two of the most prominent integrated oil and gas services companies in Malaysia. McDermott stated that it will responsible for the transportation as well as installation of topsides, jackets, and pipelines for the Larak, Bakong, and Gorek gas fields.
Liberty Pipe Mills, owned by the Liberty House Group, was procured a multimillion-dollar contract to supply steel pipeline for the North Sea gas. The employees at the mill in Hartepool have been assigned to build approximately 2 miles of heavy-duty pipe over the next few months that will remain 90 meters under the sea. These pipelines will aid in channeling millions of cubic meters of gas regularly to the St Fergus Onshore Terminal. Subsea 7, a subsea construction, engineering, and services company based in the U.S., announced in April 2019 that it has gained two sizeable contracts from Saudi Aramco, a national petroleum and natural gas company based in Dhahran. The contract was provided for conventional projects in shallow water.
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Major Table of Content For Offshore Pipeline Market:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Offshore Pipeline Market Analysis, Insights and Forecast, 2026
- North America Offshore Pipeline Market Analysis, Insights and Forecast, 2026
- Europe Offshore Pipeline Market Analysis, Insights and Forecast, 2026
- Asia Pacific Offshore Pipeline Market Analysis, Insights and Forecast, 2026
- Middle East and Africa Offshore Pipeline Market Analysis, Insights and Forecast, 2026
- Latin America Smart Mining Market Analysis, Insights and Forecast, 2026
- Competitive Landscape
- Company Profile
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