Offshore Pipeline Market Worth $15.8 Billion by 2023 - Exclusive Report by MarketsandMarkets™

News provided by

Feb 07, 2019, 06:30 ET

CHICAGO, Feb. 7, 2019 /PRNewswire/ -- According to the new market research report "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", published by MarketsandMarkets™, the Offshore Pipeline Market is expected to grow from USD 11.5 million in 2018 to USD 15.8 billion by 2023, at a CAGR of 6.54% during the forecast period. The major factors driving the Offshore Pipeline Market include increasing demand for crude oil and natural gas, especially from the Asia Pacific region. Increasing demand for safe, economical, and reliable connectivity is expected to drive the Offshore Pipeline Market.

Don't miss out on business opportunities in Offshore Pipeline Market.

Speak To Our Analyst and gain crucial industry insights that will help your business grow:

https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=127814903

The greater than 24" segment is expected to grow at the highest CAGR in the Offshore Pipeline Market during the forecast period

Greater than 24" segment is the fastest growing segment in the Offshore Pipeline Market. The European region, followed by the Asia Pacific and the Middle Eastern regions, is expected to be the most attractive in this segment, because of the commissioning of planned projects during the forecast period. Major contractors include Saipem, National Petroleum Construction Company (NPCC) and McDermott International.

Browse in-depth TOC on "Offshore Pipeline Market"

99 – Tables

33 – Figures

154 – Pages

View more detailed TOC:

https://www.marketsandmarkets.com/Market-Reports/offshore-pipeline-market-127814903.html

The transport line segment is expected to hold the largest market share during the forecast period

Transport line being the most common type of offshore pipeline is expected to hold the largest market share during the forecast period as the technology is a highly mature and proven technology. Europe, followed by Asia Pacific, and the Middle East, is expected to be the most attractive region in this segment, during the forecast period.

Europe is expected to hold the largest market size in the Offshore Pipeline Market during the forecast period

Europe is expected to have the highest growth rate during the forecast period, due to increasing imports for its energy demands. The demand for oil and gas is expected to increase to about 70.0% over the next 15 years. Europe is mainly dependent on conventional fuels, and nearly 80% of its total consumption comes from conventional energy sources. The natural gas used in Europe is imported via pipelines from Central Asia, the Middle East, and Africa. Moreover, Europe is expected to add around 12,500 km of offshore pipelines during the forecast period.

Request for Free Sample Report:

https://www.marketsandmarkets.com/requestsampleNew.asp?id=127814903

Major vendors in the Offshore Pipeline Market include Saipem (Italy), Subsea 7 (UK), McDermott (US), Sapura (Malaysia), Wood Group (UK), Technip (UK), Fugro (Netherlands), Atteris (Australia), Penspen (UK), Petrofac (UK), and Senaat (UAE).

Request For Special Pricing On Bundle Reports:

https://www.marketsandmarkets.com/RequestBundleReport.asp?id=127814903

Browse Adjacent Markets: Energy and Power Market Research Reports & Consulting

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/offshore-pipeline-market.asp
Visit Our Website: https://www.marketsandmarkets.com