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 line 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
For more information about this report visit https://www.researchandmarkets.com/research/8zknmh/2019_offshore?w=12
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.