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Offshore Pipeline Market: Growth, Opportunities, Key Players & Forecast Outlook 2024

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Market Highlights

Offshore pipeline is used as mode of transportation for oil & gas. These pipelines can be segmented as undersea gas and oil mixed transportation pipelines, based on the transmitter. According to the International Energy Agency (IEA), the oil demand is predicted to grow at an annual rate of 1.2 million barrels per day. By 2023, the oil demand is expected to reach 104.7 million barrels per day, more than 6.9 million barrels, per day in comparison to the oil demand witnessed in 2018. Such factors would boost the market growth of offshore pipelines.

The growing demand for Offshore Pipeline Market is attributed to increasing demand for crude oil and natural gas, especially from the Asia-Pacific and increasing demand for safe, economical, and reliable connectivity. One of the major restraints for the global offshore pipeline market is the constraints of crossborder pipeline transportation.

The global offshore pipeline market is estimated to progress at ~6.80% CAGR during the forecast period.

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Key Players

The key players of the global offshore pipeline market are Saipem (Italy), subsea 7 (UK), Technip FMC (UK), Wood Group (UK), Sapura Energy (Malaysia), Atteris (Australia), Petrofac (UK), Fugro (Netherlands), Mcdermott (US), and others.

Market Segmentation

By Product

Refined product
By Line Type

Export Line
Transport Line
By Diameter

Below 24”
Greater than 24”
By Regions

North America
Middle East & Africa
South America
Regional Overview

Europe accounts for the largest market share

Region wise, Europe held the largest market share of the global offshore pipeline market in 2017. It is estimated that Asia-Pacific would be the fastest growing market during the forecast period, mainly due to the rising investments in oil & gas processes. With the need for additional oil & gas pipelines, authorities in the US are taking initiatives to construct offshore pipelines. As per the construction Intelligence Center (CIC), Americas have the highest value of oil & gas construction projects, with USD 1.28 trillion in 2016. The US leads with projects worth USD 405.7 billion which would drive the offshore pipeline market in North America. The demand from the onshore & offshore fields in the Gulf of Mexico is also likely to add to the offshore pipeline market growth during the forecast period.

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Table of Content

Global Offshore Pipeline Market Overview
Manufacturers Profiles
Global Offshore Pipeline Sales, Revenue, Market Share and Competition by Manufacturer
Global Offshore Pipeline Market Analysis by Regions
Global Market Segment by Type
Global Offshore Pipeline Market Segment by Application
Offshore Pipeline Market Forecast (2019-2024)
Sales Channel, Distributors, Traders and Dealers
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