Global Offshore Pipeline Market is segmented By Product (Refined Products, Gas, Oil), By Pipeline Type (Export Pipelines, Transmission Pipelines, Infield Pipelines), By Material Types (Steel Pipelines, Duplex Pipelines, Steel chromium pipelines, Flexible Pipelines, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

The Global "Offshore Pipeline Market" is expected to grow at a CAGR of 6.7% during the forecasting period (2022-2029).

Offshore Pipeline Market Scope

Metrics	Details
Market CAGR	6.7%
Segments Covered	By Product, By Pipeline Type , By Material Types and By Region
Report Insights Covered	Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.
Fastest Growing Region	Asia Pacific
Largest Market Share	North America

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An offshore pipeline is laid on the seabed or below it inside a trench. In some cases, the pipeline is mostly on-land but in places it crosses water expanses, such as small seas, straits, and rivers. Offshore pipelines are used primarily to carry oil or gas, but transportation of water is also important.

Offshore Pipeline Market Dynamics

Rising demand for crude oil & natural gas worldwide is the major driving factor for the growth of the offshore pipeline market. Global oil demand rose by 1.3% in 2018, led by strong growth in the United States. The United States and China showed the largest overall growth. The strong expansion of petrochemical demand in the United States boosted consumption, which also benefited from a rise in industrial production and a very strong demand for trucking services. Adding to this, Air traffic volumes have increased significantly in recent years, particularly in China and India. Jet fuel has become a major contributor to higher oil consumption. Last year, it accounted for 20% of total global oil demand growth as per IEA.

However, High construction cost is the key restraint hindering the market growth. The cost and time are always very critical and if the water depth exceeds diving depth diver-less repair systems will be required that need huge money. Such systems are not off the shelf systems and require a lot of tailor-made qualifications for the pipeline and on-site requirements.

COVD-19 Impact Analysis on Offshore Pipeline Market

The COVID-19 pandemic has disrupted the global economy and halted the key processes of almost all companies. Therefore, even the global offshore pipeline market suffered due to it. The disturbances in supply chain management and transportation of goods and services had a negative impact on the growth of the market. Many manufacturing and production units were disrupted due to the government enforced lockdowns and curfews across the world which led to losses and wastage of many products. There were almost no new construction projects undertaken during the pandemic. The pandemic also significantly changed the consumer demand and behaviour. Consumers refrained from purchasing non-essential products amid the pandemic. The uncertain and unexpected situation caused by the pandemic significantly impacted the market hence, slowing its growth. However, the post-pandemic scene has improved and the global offshore pipeline market has recovered. The market is set to grow at a high rate.

Offshore Pipeline Market Segmentation

Based on the material types, the offshore pipeline market is classified into steel pipelines, duplex pipelines, steel chromium pipelines, flexible pipelines, and others

Others include specialty plastics and stainless steel. The flexible pipe features high-pressure resistance and excellent bending characteristics, providing flexibility and superior dynamic performance. Flexible pipelines are easy to install and is a very good option for oil and natural gas installation. The rising demand for oil, natural gas and water pipelines is having a positive impact in the growth of the market.

The combination of plastic and steel layers can be easily adapted to the diverse requirements of subsea developments. In addition, the flexible pipe can be easily retrieved to be reused on another field development or for decommissioning. Manufacturers are focusing to design and manufacture of flexible pipes. For instance, TechnipFMC is leading the industry in the development of flexible pipes.

Offshore Pipeline Market Geographical Analysis

By geography, the Global Offshore Pipeline Market is segmented into North America, Asia Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA)

The Asia Pacific is expected to dominate the major market share in the forecast period due to the rise in the usage of natural gas and oil in different applications and industries. Asia Pacific is projected to be one of the crucial markets for oil and gas worldwide. The projects in Asia Pacific are increasing and producing millions of LNG per annum. For instance, The Ichthys Project is expected to produce 8.4 million t of LNG and 1.6 million t of LPG per annum, along with approximately 100,000 barrels of condensate per day at peak.

Gas from the Ichthys Field, in the Browse Basin, approximately 200 km offshore of Western Australia, will undergo preliminary processing offshore to remove water and extract condensate, prior to the longest trunk line ever laid in the Asia Pacific. Saipem’s scope of work, under an EPIC contract, consists of the Engineering, Procurement, Construction, and Installation of an 889 km, 42” subsea pipeline, in water depths of up to 275 m, connecting the offshore central processing facility to the onshore processing facility in Darwin.

Offshore Pipeline Companies and Competitive Landscape

The Offshore Pipeline market is competitive with existing players in the market. Some of the major players include Enbridge Inc, Cortez Subsea, Fugro, McDermott, Saipem, TechnipFMC plc, Penspen, Sapura Energy Berhad, Atteris and Senaat. Companies are focusing to acquire in order to increase their market share to sustain in the market.

In September 2019, Connector Subsea Solutions (CSS) has signed an agreement for the acquisition of Hydratight’s MORGRIP Connector business in Walsall, UK. The MORGRIP Connector business will become an integral part of CSS’s extensive repair and modification services for subsea and deepwater pipeline repair.

For instance, In July 2019, Williams acquired a deepwater natural gas pipeline system that connects offshore output to its Mobile Bay processing plant and provides opportunities to boost future volumes on its network through expansion.

Furthermore, Saipem continued its growth by acquiring Bouygues Offshore and Sofresid in France, Moss Maritime in Norway, IDPE in India and Snamprogetti in Italy, and by carrying out a multibillion investment program into the expansion of its offshore construction and drilling fleets.

Enbridge Inc.

Overview: Enbridge Inc. is an American multinational pipeline company.

Product Portfolio: The product and services of the company includes transportation of crude oil and natural gas, pipeline transport and oil storage.

Key Developments: In December, 2018, Enbridge Inc. completed the acquisition of all of the outstanding shares of Spectra Energy Partners LP for 4.3 billion dollars.

Why Purchase the Report?

Visualize the composition of the offshore pipeline in terms of various types of products, pipeline types, material types and their pipeline constructions highlighting the key commercial assets and players.
Identify commercial opportunities in the offshore pipeline market by analyzing trends and co-development deals.
Excel data sheet with thousands of data points of offshore pipeline market-level 4/5 segmentation.
A PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
Product mapping in excel for the key product of all major market players

The Offshore Pipeline report would provide access to an approx., 65 data tables, 54 figures, and 175 pages.

Target Audience

Service Providers/ Buyers
Industry Investors/Investment Bankers
Education & Research Institutes
Research Professionals
Emerging Companies
Manufacturers

Frequently Asked Questions

What is the Projected CAGR value of the Offshore Pipeline Market ?

Offshore Pipeline Market is expected to grow at a CAGR of 6.7% during the forecasting period 2022-2029.

Which region controlled the global market during 2022-2029?

North America region Controls the Offshore Pipeline Market during 2022-2029.

Which is the fastest growing region in the Offshore Pipeline Market ?

Among all regions, Asia Pacific is the fastest growing market share during the forecast period.

Offshore Pipeline Market Size, Competitive Landscape and Market Forecast - 2029