According to a new market research report published by Market Research Future, Offshore Pipeline Market accounted to hit the USD 16.87 billion market value in 2024 and expected to witness 6.80% CAGR across the forecast period through 2019 to 2024. Global Offshore Pipeline Market Analysis From 2019 to 2024 by Product (Oil, Gas and Refined Product), Line Type (Export Line and Transport Line), Diameter (Below 24” and Greater than 24”) and Region. Report provides comprehensive information on Global Offshore Pipeline Market key players, share, Sales, revenue, industry size in terms of volume.
Key Companies Covered:
Subsea 7 (UK), Saipem (Italy), Technip FMC (UK), Sapura Energy (Malaysia), Wood Group (UK), Petrofac (UK), Atteris (Australia), Mcdermott (US), Fugro (Netherlands), and others.
Free Sample Copy of Offshore Pipeline Market Research Report Global Forecast to 2024 available at: https://www.marketresearchfuture.com/sample_request/7694
Offshore Pipeline Industry Insight:
Offshore pipelines are placed on the seabed or below the seabed inside a trench. Offshore pipelines are used in the oil & gas industry to transfer oil through the closed tubes. Market Research Future has recently published a report on the offshore pipeline market after conducting an exhaustive study. As per the reports, the offshore pipeline market is estimated to generate a revenue of USD 16.87 billion by the conclusion of 2024. The report further states that the market is likely to develop at a CAGR of 6.80%.
The report offers insights into the leading market players and presents an assessment of their current market position. Company information with regards to revenue, segmental share, geographical income, SWOT, growth strategies, new product launch, M&A activities, and the latest R&D initiatives is also available in the report.
The factors driving the demand of offshore pipeline are increasing demand for natural gas in Asia-Pacific and rising investments in offshore pipeline infrastructure. Natural gas is a naturally occurring hydrocarbon gas mixture consisting of methane, nitrogen, carbon dioxide, and other gases. The global offshore pipeline market is anticipated to develop at a surging rate over the forecast period. The growth is primarily owing to the soaring demand for natural gas and crude oil. IEA has stated that, by 2023, oil demand is likely to develop by 6.9 million barrels a day. As a result, oil & gas companies around the world have produced a sound investment plan to enable offshore pipeline development, across the world.
Offshore Pipeline Market Segment Analysis:
The scope of the study segments the global offshore pipeline market by product, line type, diameter, and region.
- Refined product
By Line Type:
- Export Line
- Transport Line
- Below 24”
- Greater than 24”
The global Offshore Pipeline Market is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Rest of the World (RoW).
North America is one of the largest markets for offshore pipeline market in the world. According to statistical data from the BP Statistical Review of World Energy 2019, approximately 13.7% of the total global proven oil reserves are in North America. A substantial amount of these reserves is located offshore.
Market Research Future, in their reports, has segmented the global offshore pipeline market as per different regions. In 2017, Europe was known to hold the primary share of the global offshore pipeline market. It has been expected that Asia-Pacific would be one of the rapidly developing markets over the forecast period.
List of Tables:
TABLE 1 MARKET SYNOPSIS
TABLE 2 LIST OF ASSUMPTIONS
TABLE 3 MACRO INDICATORS INFLUENCING THE GLOBAL OFFSHORE PIPELINE MARKET FOR TOP FIVE COUNTRIES
TABLE 4 IMPORT ANALYSIS OF OFFSHORE PIPELINES, 2013-2017 (UNITS)
TABLE 5 EXPORT ANALYSIS OF OFFSHORE PIPELINES, 2013-2017 (UNITS)
TABLE 6 PROPORTION OF MANUFACTURING COST STRUCTURE
TABLE 7 LABOR COST ANALYSIS
List of Figures:
FIGURE 1 GLOBAL OFFSHORE PIPELINE MARKET: MARKET STRUCTURE 17
FIGURE 2 RESEARCH PROCESS OF MRFR 20
FIGURE 3 TOP-DOWN & BOTTOM-UP APPROACHES 23
FIGURE 4 DROC ANALYSIS OF GLOBAL OFFSHORE PIPELINE MARKET 25
FIGURE 5 INTERNATIONAL TOURIST ARRIVALS, 2016 VS 2017 (MILLION) 26
FIGURE 6 DRIVERS IMPACT ANALYSIS: GLOBAL OFFSHORE PIPELINE MARKET 27
FIGURE 7 RESTRAINTS IMPACT ANALYSIS: GLOBAL OFFSHORE PIPELINE MARKET 28
FIGURE 8 SUPPLY CHAIN: GLOBAL OFFSHORE PIPELINE MARKET 31
FIGURE 9 PORTERS FIVE FORCES MODEL: GLOBAL OFFSHORE PIPELINE MARKET 32
FIGURE 10 MARKETING CHANNEL OF OFFSHORE PIPELINE 40
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