The Offshore Pipeline Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Offshore Pipeline Global Market Report 2024, The offshore pipeline market size has grown strongly in recent years. It will grow from $14.82 billion in 2023 to $15.63 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to energy demand growth, deepwater exploration and production, government investments in infrastructure, geopolitical factors, environmental and safety regulations:.
The offshore pipeline market size is expected to see strong growth in the next few years. It will grow to $19.08 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to renewable energy transition, increasing lng trade, focus on emissions reduction, global energy security concerns, subsea tiebacks and satellite fields. Major trends in the forecast period include adoption of pipeline inspection technologies, technological advancements in pipeline construction, hydrogen transportation pipelines, collaborations in offshore pipeline projects, use of composite materials in pipelines.
The increasing demand for crude oil and natural gas is expected to propel the growth of the offshore pipeline market going forward. Crude oil, also known as petroleum, refers to a liquid hydrocarbon mixture that is typically found in underground reservoirs, while natural gas is a blend of hydrocarbon gases made up mostly of methane (CH4) with minor components of ethane, propane, and butane. Offshore pipelines offer several advantages for the transportation of crude oil and natural gas, as they provide a reliable and cost-effective means of moving large volumes of hydrocarbons over long distances. For instance, in March 2023, according to the US Energy Information Administration, a US-based federal statistical system, the U.S. crude oil output is expected to reach 12.4 million b/d in 2023 from 11.7 million b/d in 2022. Therefore, the increasing demand for crude oil and natural gas is driving the growth of the offshore pipeline market.
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The offshore pipeline market covered in this report is segmented –
1) By Product: Natural Gas, Crude Oil, Refined Products
2) By Diameter: Below 24 Inch, Above 24 Inch
3) By Line: Transport Line, Export Line, Other Lines
4) By Installation Type: S Lay, J Lay, Tow In
5) By Depth Of Operation: Shallow Water, Deep Water
Top Major Players:
Marathon Petroleum Corporation
Enterprise Products Partners L.P.
Plains All American Pipeline L.P
Enbridge Inc.
Baker Hughes Company
North America was the largest region in the offshore pipeline market in 2023.
Technological improvements are a key trend gaining popularity in the offshore pipeline market. Companies operating in the offshore pipeline market are adopting new technology improvements to sustain their position in the market. For instance, in May 2023, Saipem S.p.A., an Italian-based energy services company, developed the Integrated Acoustic Unit (I.A.U.) technology for monitoring subsea pipelines during laying operations. This innovative technology has recently obtained the statement of qualified technology for medium and large pipelines from DNV, a global expert in assurance and risk management. The I.A.U. is an advanced digital instrument developed by Saipem that utilizes acoustic technology for non-intrusive, remote monitoring of subsea pipelines during laying operations. Its deployment on the Scarborough project in Australia ensures enhanced accuracy and efficiency in anomaly detection, eliminating risks associated with mechanical detectors. The technology offers improved pipeline integrity monitoring while mitigating potential damages during pulling operations.
The offshore pipeline market report table of contents includes:
1. Executive Summary
2. Offshore Pipeline Market Characteristics
3. Offshore Pipeline Market Trends And Strategies
4. Offshore Pipeline Market - Macro Economic Scenario
5. Global Offshore Pipeline Market Size and Growth
…
32. Global Offshore Pipeline Market Competitive Benchmarking
33. Global Offshore Pipeline Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Offshore Pipeline Market
35.Offshore Pipeline Market Future Outlook and Potential Analysis
36. Appendix
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Report Summary:The report titled "Offshore Pipeline Market" offers a primary overview of the Offshore Pipeline industry covering different product definitions, classifications, and participants in the industry chain structure.
The quantitative and qualitative analysis is provided for the global Offshore Pipeline market considering competitive landscape, development trends, and key critical success factors (CSFs) prevailing in the Offshore Pipeline industry.Historical Forecast Period2013 - 2017 – Historical Year for Offshore Pipeline Market2018 – Base Year for Offshore Pipeline Market2019-2027 – Forecast Period for Offshore Pipeline MarketClick Here to Get Sample Premium Report @https://www.trendsmarketresearch.com/report/sample/12950 Key Developments in the Offshore Pipeline MarketTo describe Offshore Pipeline Introduction, product type and application, market overview, market analysis by countries, market opportunities, market risk, market driving force;To analyze the manufacturers of Offshore Pipeline, with profile, main business, news, sales, price, revenue and market share in 2016 and 2018;To display the competitive situation among the top manufacturers in Global, with sales, revenue and market share in 2016 and 2018;To show the market by type and application, with sales, price, revenue, market share and growth rate by type and application, from 2013 to 2019;To analyze the key countries by manufacturers, Type and Application, covering North America, Europe, Asia Pacific, Middle-East and South America, with sales, revenue and market share by manufacturers, types and applications;Offshore Pipeline market forecast, by countries, type and application, with sales, price, revenue and growth rate forecast, from 2018 to 2026;To analyze the manufacturing cost, key raw materials and manufacturing process etc.To analyze the industrial chain, sourcing strategy and downstream end users (buyers);Todescribe Offshore Pipeline sales channel, distributors, traders, dealers etc.To describe Offshore Pipeline Research Findings and Conclusion, Appendix, methodology and data sourceYou can Buy This Report from Here @https://www.trendsmarketresearch.com/checkout/12950/Single Market Segment by Manufacturers, this report covers • Saipem• Subsea 7• McDermott• Sapura• Wood Group• Technip• Fugro• Atteris• Penspen• Petrofac• SenaatMarket Segment by Countries, covering• North America (United States, Canada, Mexico) Market Revenue and/or VolumeEurope (Germany, UK, France, Russia, Italy) Market Revenue and/or VolumeAsia Pacific (China, Japan, Korea, India, Southeast Asia) Market Revenue and/or VolumeMiddle-East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa) Market Revenue and/or VolumeSouth America (Brazil, Argentina, Colombia, etc.)
Market Revenue and/or VolumeRequest For Report Discounts @https://www.trendsmarketresearch.com/report/discount/12950Market Segment by Type, covers• Export Line• Transport LineMarket Segment by Applications, can be divided into• Oil• Gas• Refined Product
