Feb 15, 2019   SOURCE: BusinessWire

Global $15.8 Billion Offshore Pipeline Market by Product, Line Type, Diameter and Region - Forecast to 2023 - ResearchAndMarkets.com

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.

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.

Topics Covered

1 Introduction

1.1 Objectives of the Study

1.2 Definition

1.3 Market Scope

1.4 Currency

1.5 Stakeholders

2 Research Methodology

2.1 Research Methodology Scope

2.2 Market Size Estimation

2.3 Statistics

2.4 Some of the Insights of Industry Experts

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

6 Offshore Pipeline Market, By Diameter

6.1 Introduction

6.2 Greater Than 24

6.3 Below 24

7 Offshore Pipeline Market, By Product

7.1 Introduction

7.2 Oil

7.3 Gas

7.4 Refined Products

8 Offshore Pipeline Market, By Line Type

8.1 Introduction

8.2 Transport Line

8.3 Export Line

8.4 Other Lines

9 Offshore Pipeline Market, By Region

9.1 Introduction

9.2 Europe

9.3 Asia Pacific

9.4 Americas

9.5 Middle East

9.6 Africa

10 Competitive Landscape

10.1 Introduction

10.2 Market Share Analysis

10.3 Competitive Leadership Mapping

10.4 Competitive Scenario

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/ljrwq8/global_15_8?w=4