According to a research report "Offshore Pipeline Market by Diameter (Greater Than 24 Inches), Product (Oil, Gas, Refined Products), Line Type (Transport Lines, Export Lines), Installation Type (S LAY, J LAY, TOW IN), Depth of Operation and Region - Forecast to 2027" published by MarketsandMarkets, the global offshore pipeline market is estimated to be valued at USD 14.8 billion in 2022 (estimated year) and is projected to reach USD 18.6 billion by 2027 (forecast year); growing at a CAGR of 4.7% during the forecast period.
Browse 150 market data Tables and 45 Figures spread through 200 Pages and in-depth TOC on "Offshore Pipeline Market by Diameter (Greater Than 24 Inches), Product (Oil, Gas, Refined Products), Line Type (Transport Lines, Export Lines), Installation Type (S LAY, J LAY, TOW IN), Depth of Operation and Region - Forecast to 2027"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/offshore-pipeline-market-127814903.html
The offshore pipeline market has promising growth potential due to the rising deployment of oil and gas distribution networks and the rising use of natural gas.
Transport line segment expected to dominate offshore pipeline market, by line type, during the forecast period
The transport line segment holds the largest share of the offshore pipeline market. The large market share can be attributed to the increasing number of contracts and projects from companies including Saipem (Italy), Subsea7 (UK), and TechnipFMC (UK).
Gas to witness fastest growth rate in offshore pipeline market, by product, during the forecast period
The offshore pipeline market, by product, is divided into oil, gas, and refined products wherein gas accounts for the largest share. Gas is also expected to witness the fastest growth rate during the forecast period, owing to increasing awareness and demand for energy self-sufficiency.
Europe to be fastest-growing offshore pipeline market during the forecast period
In this report, the offshore pipeline market has been analyzed for five regions, namely, Europe, the Middle East, Africa, Asia Pacific, and the Americas. Europe is a significant contributor to the offshore pipeline market in the current scenario owing to the rapidly increasing cost-competitiveness of transport line solutions, which enable consumers to have access to clean energy power and offer opportunities to decrease their bills.
To enable an in-depth understanding of the competitive landscape, the report includes the profiles of a few of the top players in the offshore pipeline market.
A few of the key players include Saipem (Italy), Subsea7 (UK), TechnipFMC (UK), McDermott (US), John Wood Group PLC (US), and others. The leading players are adopting various strategies to increase their share in the offshore pipeline market.
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