Offshore Pipeline Market size was valued at USD 14.6 billion in 2022 and is expected to grow to USD 21.4 billion by 2030 and grow at a CAGR of 4.9% over the forecast period of 2023-2030.
An offshore pipeline is a type of pipeline that is installed on the seabed to transport oil or gas from offshore drilling platforms to onshore facilities. These pipelines are typically made of steel and are designed to withstand the harsh conditions of the ocean environment. Offshore pipelines are an essential component of the oil and gas industry, as they provide a safe and efficient means of transporting these valuable resources from offshore drilling sites to onshore processing facilities. They are also used to transport other materials, such as water and chemicals, that are necessary for offshore drilling operations. The installation of offshore pipelines requires specialized equipment and expertise, as well as careful planning and coordination with other offshore operations. The pipelines must be carefully designed to withstand the extreme pressures and temperatures of the ocean environment, as well as the corrosive effects of saltwater and other environmental factors.
Despite the challenges involved in their installation and maintenance, offshore pipelines are a critical component of the global energy infrastructure, providing a reliable and cost-effective means of transporting oil and gas from offshore drilling sites to onshore facilities. As the demand for these resources continues to grow, the importance of offshore pipelines is only likely to increase in the years ahead. This market is a crucial component of the global energy sector, as it enables the safe and efficient transportation of these valuable resources.
Drivers
Need for reliable and efficient transportation of oil and gas resources
Growing demand for oil and gas
Increasing investment in offshore production and exploration activities of oil and gas
Increasing demand for refined petroleum products from various industries
The production of various chemicals, including fertilizers, solvents, plastics, and pharmaceuticals, requires refined petroleum. As a result, the demand for refined petroleum products has increased across multiple industries. To meet this demand, efficient and reliable transportation of these products is necessary, and offshore pipelines provide a viable solution. This has led to a surge in demand for the offshore pipeline market. Refined petroleum is a crucial component of chemical manufacturing. However, the transportation of these products can be challenging, especially when it comes to reliability and efficiency. Offshore pipelines offer a solution that addresses these concerns, making them an attractive option for businesses.
Restrain
High cost associated with maintenance and construction of the offshore pipeline
Opportunities
Development of new technology and innovative solutions
Exploration of the new offshore region
Challenges
Potential environmental risk
Delaying issuing permits by statutory government bodies
Statutory authorities, such as the National Energy Board (NEB), Association of Oil Pipelines (AOPL), and Pipeline and Hazardous Material Safety Administration (PHMSA), have been delaying the issuance of permits for offshore pipelines. This is due to their responsibility to ensure the integrity and viability of the pipeline before commissioning it, in order to prevent any potential disasters. However, this delay is creating challenges for market players in the offshore pipeline industry. The rigorous inspection process mandated by these authorities is essential to ensure the safety and reliability of offshore pipelines. However, it can also result in delays and increased costs for companies seeking to build and operate these pipelines.
The COVID-19 pandemic affected the offshore pipeline market negatively with decreasing demand for oil and gas. The global economy has been hit hard, and the oil and gas industry has not been immune to the effects. The offshore pipeline market has been particularly affected, with many projects being delayed or canceled due to the pandemic. One of the main reasons for this is the decrease in demand for oil and gas. For instance, the leading Oil Companies recorded a drop in Oil & Gas assets of more than $ 140.27 billion in 2020. In order to mitigate the negative effects on cash flows, they announced a net cut in investments in oil and gas exploration and production, which in 2020 stands at around 30% less than pre-COVID levels. With many countries implementing lockdowns and travel restrictions, the demand for oil and gas has decreased significantly. This has led to a decrease in the price of oil, which has made many offshore pipeline projects economically unviable. Another factor that has impacted the offshore pipeline market is the disruption to supply chains. Many companies rely on materials and equipment from overseas, and the pandemic has caused significant delays and disruptions to these supply chains which caused increased costs and delays in project timelines.
According to the International Energy Agency (IEA), the Russian invasion of Ukraine has had a significant impact on the demand for oil and gas. In 2022, the demand for these resources decreased by 23%, and by January 2023, it had fallen below 10%. This decrease in demand has ultimately led to an increase in the price of European gas. The primary cause of this increase in gas prices is the reduction of Russian supply. As a result, there has been a decrease in the demand for offshore pipelines. Additionally, political tensions in the Middle East have further exacerbated the situation. These tensions have led to increased scrutiny and regulation of offshore pipeline projects, making it more difficult for companies to obtain necessary permits and approvals. This has resulted in higher costs and longer project timelines, further dampening the market. It is clear that the current situation is having a significant impact on the energy industry which further impacted the offshore pipeline market.
Impact of Recession:
The ongoing recession has led to a decrease in demand for oil and gas, resulting in a reduction in exploration and production activities. This, in turn, has had a negative impact on the offshore pipeline market. The recession has also led to a decrease in investment in new pipeline projects. The detailed analysis is mentioned in the final report.
By Line Type:
Export Line
Transport Line
Others
By Installation Technique:
S LAY
J LAY
TOW IN
By Product Type:
Oil
Gas
Refined Products
By Diameter:
Below 24 inches
Above 24 inches
By Depth of Operation:
Shallow Water
Deep Water
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Europe is the dominant region and is expected to lead the market during the forecast period. The region's strategic location, advanced technology, and robust infrastructure have made it a hub for offshore pipeline projects. One of the key factors contributing to Europe's dominance in this market is its location. Europe is surrounded by water, making it an ideal location for offshore pipeline projects. Additionally, Europe's proximity to major oil and gas reserves in the Middle East and North Africa has made it a natural destination for pipeline infrastructure. Europe's advanced technology and expertise in offshore pipeline construction have also played a significant role in its success. The region is home to some of the world's leading pipeline engineering firms, which have developed cutting-edge technologies and techniques for building and maintaining offshore pipelines. Finally, Europe's robust infrastructure has made it an attractive destination for offshore pipeline projects. The region has a well-developed network of ports, pipelines, and storage facilities, which makes it easier and more cost-effective to transport oil and gas to market.
North America is predicted to grow with the highest CAGR during the forecast period. The U.S. is the country that contributed majorly to the growth of this region. The offshore pipeline market is experiencing significant growth in the USA attributed to the country’s vast coastline, which provides ample opportunities for offshore pipeline development. Additionally, the USA has a well-established oil and gas industry, which has been a driving force behind the growth of the offshore pipeline market. Furthermore, the USA has made significant investments in offshore pipeline infrastructure, which has helped to attract more investors and companies to the market. The country's favorable regulatory environment and stable political climate have also contributed to its attractiveness as a destination for offshore pipeline investment.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
South Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The major key players are Subsea 7, Saipem, National Petroleum Construction Company, McDermott, Sapura Energy Berhad, John Wood Group PLC, Fugro, Tenaric, Jesco, Technip, and other key players are mentioned in the final reports.
In May of 2023, Saipem, a leading global provider of engineering and drilling services, was awarded two new offshore contracts. The total value of these contracts is approximately 850 million USD.
Meanwhile, Sapura Energy Berhad, a Malaysian oil and gas company, was also awarded a new contract in 2023. The contract was given by Chevron Thailand Exploration and Production Ltd and Chevron Offshore (Thailand) Ltd, and it involves a work order for the Year 2023 Pipelines Transportation, Installation, and Removal Campaign in Thailand. The scope of work includes engineering, procurement, construction, installation, and removal of wellhead platforms and pipelines. The project is expected to be completed by the end of calendar year 2023.
| Report Attributes | Details |
| Market Size in 2022 | US$ 14.6 Bn |
| Market Size by 2030 | US$ 21.4 Bn |
| CAGR | CAGR of 4.9% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Line Type (Export Line, Transport Line, and Others) • By Installation Technique (S LAY, J LAY, TOW IN) • By Product Type (Oil, Gas, and Refined Products) • By Diameter (Below 24 inches and Above 24 inches) • By Depth of Operation (Shallow Water and Deep Water) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Subsea 7, Saipem, National Petroleum Construction Company, McDermott, Sapura Energy Berhad, John Wood Group PLC, Fugro, Tenaric, Jesco, Technip |
| Key Drivers | • Need for reliable and efficient transportation of oil and gas resources • Growing demand for oil and gas |
| Market Opportunities | • Development of new technology and innovative solutions • Exploration of the new offshore region |
Ans: The expected CAGR of the global Offshore Pipeline Market during the forecast period is 4.9%.
Ans: The market size of the Offshore Pipeline Market is USD 14.6 billion in 2022.
Ans: The major key players in the Offshore Pipeline Market are Subsea 7, Saipem, National Petroleum Construction Company, McDermott, Sapura Energy Berhad, John Wood Group PLC, Fugro, Tenaric, Jesco, and Technip.
Ans: Europe region contributed largely to the Offshore Pipeline Market.
Ans Development of new technology and innovative solutions and exploration of the new offshore region are the opportunities for the Offshore Pipeline Market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Offshore Pipeline Market Segmentation, By Line Type
8.1 Export Line
8.2 Transport Line
8.3 Others
9. Offshore Pipeline Market Segmentation, By Installation Technique
9.1 S LAY
9.2 J LAY
9.3 TOW IN
10. Offshore Pipeline Market Segmentation, By Product Type
10.1 Oil
10.2 Gas
10.3 Refined Products
11. Offshore Pipeline Market Segmentation, By Diameter
11.1 Below 24 inches
11.2 Above 24 inches
12. Offshore Pipeline Market Segmentation, By Depth of Operation
12.1 Shallow Water
12.2 Deep Water
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 North America Offshore Pipeline Market by Country
13.2.2North America Offshore Pipeline Market by Line Type
13.2.3 North America Offshore Pipeline Market by Installation Technique
13.2.4 North America Offshore Pipeline Market by Product Type
13.2.5 North America Offshore Pipeline Market by Diameter
13.2.6 North America Offshore Pipeline Market by Depth of Operation
13.2.7 USA
13.2.7.1 USA Offshore Pipeline Market by Line Type
13.2.7.2 USA Offshore Pipeline Market by Installation Technique
13.2.7.3 USA Offshore Pipeline Market by Product Type
13.2.7.4 USA Offshore Pipeline Market by Diameter
13.2.7.5 USA Offshore Pipeline Market by Depth of Operation
13.2.8 Canada
13.2.8.1 Canada Offshore Pipeline Market by Line Type
13.2.8.2 Canada Offshore Pipeline Market by Installation Technique
13.2.8.3 Canada Offshore Pipeline Market by Product Type
13.2.8.4 Canada Offshore Pipeline Market by Diameter
13.2.8.5 Canada Offshore Pipeline Market by Depth of Operation
13.2.9 Mexico
13.2.9.1 Mexico Offshore Pipeline Market by Line Type
13.2.9.2 Mexico Offshore Pipeline Market by Installation Technique
13.2.9.3 Mexico Offshore Pipeline Market by Product Type
13.2.9.4 Mexico Offshore Pipeline Market by Diameter
13.2.9.5 Mexico Offshore Pipeline Market by Depth of Operation
13.3 Europe
13.3.1 Europe Offshore Pipeline Market by Country
1.3.3.2 Europe Offshore Pipeline Market by Line Type
13.3.3 Europe Offshore Pipeline Market by Installation Technique
13.3.4 Europe Offshore Pipeline Market by Product Type
13.3.5 Europe Offshore Pipeline Market by Diameter
13.3.6 Europe Offshore Pipeline Market by Depth of Operation
13.3.7 Germany
13.3.7.1 Germany Offshore Pipeline Market by Line Type
13.3.7.2 Germany Offshore Pipeline Market by Installation Technique
13.3.7.3 Germany Offshore Pipeline Market by Product Type
13.3.7.4 Germany Offshore Pipeline Market by Diameter
13.3.7.5 Germany Offshore Pipeline Market by Depth of Operation
13.3.8 UK
13.3.8.1 UK Offshore Pipeline Market by Line Type
13.3.8.2 UK Offshore Pipeline Market by Installation Technique
13.3.8.3 UK Offshore Pipeline Market by Product Type
13.3.8.4 UK Offshore Pipeline Market by Diameter
13.3.8.5 UK Offshore Pipeline Market by Depth of Operation
13.3.9 France
13.3.9.1 France Offshore Pipeline Market by Line Type
13.3.9.2 France Offshore Pipeline Market by Installation Technique
13.3.9.3 France Offshore Pipeline Market by Product Type
13.3.9.4 France Offshore Pipeline Market by Diameter
13.3.9.5 France Offshore Pipeline Market by Depth of Operation
13.3.10 Italy
13.3.10.1 Italy Offshore Pipeline Market by Line Type
13.3.10.2 Italy Offshore Pipeline Market by Installation Technique
13.3.10.3 Italy Offshore Pipeline Market by Product Type
13.3.10.4 Italy Offshore Pipeline Market by Diameter
13.3.10.5 Italy Offshore Pipeline Market by Depth of Operation
13.3.11 Spain
13.3.11.1 Spain Offshore Pipeline Market by Line Type
13.3.11.2 Spain Offshore Pipeline Market by Installation Technique
13.3.11.3 Spain Offshore Pipeline Market by Product Type
13.3.11.4 Spain Offshore Pipeline Market by Diameter
13.3.11.5 Spain Offshore Pipeline Market by Depth of Operation
13.3.12 The Netherlands
13.3.12.1 Netherlands Offshore Pipeline Market by Line Type
13.3.12.2 Netherlands Offshore Pipeline Market by Installation Technique
13.3.12.3 Netherlands Offshore Pipeline Market by Product Type
13.3.12.4 Netherlands Offshore Pipeline Market by Diameter
13.3.12.5 Netherlands Offshore Pipeline Market by Depth of Operation
13.3.13 Rest of Europe
13.3.13.1 Rest of Europe Offshore Pipeline Market by Line Type
13.3.13.2 Rest of Europe Offshore Pipeline Market by Installation Technique
13.3.13.3 Rest of Europe Offshore Pipeline Market by Product Type
13.3.13.4 Rest of Europe Offshore Pipeline Market by Diameter
13.3.13.5 Rest of Europe Offshore Pipeline Market by Depth of Operation
13.4 Asia-Pacific
13.4.1 Asia Pacific Offshore Pipeline Market by Country
13.4.2 Asia Pacific Offshore Pipeline Market by Line Type
13.4.3 Asia Pacific Offshore Pipeline Market by Installation Technique
13.4.4Asia Pacific Offshore Pipeline Market by Product Type
13.4.5Asia Pacific Offshore Pipeline Market by Diameter
13.4.6 Asia Pacific Offshore Pipeline Market by Depth of Operation
13.4.7 Japan
13.4.7.1 Japan Offshore Pipeline Market by Line Type
13.4.7.2 Japan Offshore Pipeline Market by Installation Technique
13.4.7.3 Japan Offshore Pipeline Market by Product Type
13.4.7.4 Japan Offshore Pipeline Market by Diameter
13.4.7. 5Japan Offshore Pipeline Market by Depth of Operation
13.4.8South Korea
13.4.8.1 South Korea Offshore Pipeline Market by Line Type
13.4.8.2 South Korea Offshore Pipeline Market by Installation Technique
13.4.8.3 South Korea Offshore Pipeline Market by Product Type
13.4.8.4 South Korea Offshore Pipeline Market by Diameter
13.4.8.5 South Korea Offshore Pipeline Market by Depth of Operation
13.4.9 China
13.4.9.1 China Offshore Pipeline Market by Line Type
13.4.9.2 China Offshore Pipeline Market by Installation Technique
13.4.9.3 China Offshore Pipeline Market by Product Type
13.4.9.4 China Offshore Pipeline Market by Diameter
13.4.9.5 China Offshore Pipeline Market by Depth of Operation
13.4.10 India
13.4.10.1 India Offshore Pipeline Market by Line Type
13.4.10.2 India Offshore Pipeline Market by Installation Technique
13.4.10.3 India Offshore Pipeline Market by Product Type
13.4.10.4 India Offshore Pipeline Market by Diameter
13.4.10.5 India Offshore Pipeline Market by Depth of Operation
13.4.11 Australia
13.4.11.1 Australia Offshore Pipeline Market by Line Type
13.4.11.2 Australia Offshore Pipeline Market by Installation Technique
13.4.11.3 Australia Offshore Pipeline Market by Product Type
13.4.11.4 Australia Offshore Pipeline Market by Diameter
13.4.11.5 Australia Offshore Pipeline Market by Depth of Operation
13.4.12 Rest of Asia-Pacific
13.4.12.1 APAC Offshore Pipeline Market by Line Type
13.4.12.2 APAC Offshore Pipeline Market by Installation Technique
13.4.12.3 APAC Offshore Pipeline Market by Product Type
13.4.12.4 APAC Offshore Pipeline Market by Diameter
13.4.12.5 APAC Offshore Pipeline Market by Depth of Operation
13.5 The Middle East & Africa
13.5.1 The Middle East & Africa Offshore Pipeline Market by Country
13.5.2 The Middle East & Africa Offshore Pipeline Market by Line Type
13.5.3 The Middle East & Africa Offshore Pipeline Market by Installation Technique
13.5.4The Middle East & Africa Offshore Pipeline Market by Product Type
13.5.5 The Middle East & Africa Offshore Pipeline Market by Diameter
13.5.6The Middle East & Africa Offshore Pipeline Market by Depth of Operation
13.5.7 Israel
13.5.7.1 Israel Offshore Pipeline Market by Line Type
13.5.7.2 Israel Offshore Pipeline Market by Installation Technique
13.5.7.3 Israel Offshore Pipeline Market by Product Type
13.5.7.4 Israel Offshore Pipeline Market by Diameter
13.5.7.5 Israel Offshore Pipeline Market by Depth of Operation
13.5.8 UAE
13.5.8.1 UAE Offshore Pipeline Market by Line Type
13.5.8.2 UAE Offshore Pipeline Market by Installation Technique
13.5.8.3 UAE Offshore Pipeline Market by Product Type
13.5.8.4 UAE Offshore Pipeline Market by Diameter
13.5.8.5 UAE Offshore Pipeline Market by Depth of Operation
13.5.9South Africa
13.5.9.1 South Africa Offshore Pipeline Market by Line Type
13.5.9.2 South Africa Offshore Pipeline Market by Installation Technique
13.5.9.3 South Africa Offshore Pipeline Market by Product Type
13.5.9.4 South Africa Offshore Pipeline Market by Diameter
13.5.9.5 South Africa Offshore Pipeline Market by Depth of Operation
13.5.10 Rest of Middle East & Africa
13.5.10.1 Rest of Middle East & Asia Offshore Pipeline Market by Line Type
13.5.10.2 Rest of Middle East & Asia Offshore Pipeline Market by Installation Technique
13.5.10.3 Rest of Middle East & Asia Offshore Pipeline Market Product Type
13.5.10.4 Rest of Middle East & Asia Offshore Pipeline Market by Diameter
13.5.10.5 Rest of Middle East & Asia Offshore Pipeline Market by Depth of Operation
13.6 Latin America
13.6.1 Latin America Offshore Pipeline Market by Country
13.6.2 Latin America Offshore Pipeline Market by Line Type
13.6.3 Latin America Offshore Pipeline Market by Installation Technique
13.6.4 Latin America Offshore Pipeline Market by Product Type
13.6.5 Latin America Offshore Pipeline Market by Diameter
13.6.6 Latin America Offshore Pipeline Market by Depth of Operation
13.6.7 Brazil
13.6.7.1 Brazil Offshore Pipeline Market by Line Type
13.6.7.2 Brazil Africa Offshore Pipeline Market by Installation Technique
13.6.7.3 Brazil Offshore Pipeline Market by Product Type
13.6.7.4 Brazil Offshore Pipeline Market by Diameter
13.6.7.5 Brazil Offshore Pipeline Market by Depth of Operation
13.6.8 Argentina
13.6.8.1 Argentina Offshore Pipeline Market by Line Type
13.6.8.2 Argentina Offshore Pipeline Market by Installation Technique
13.6.8.3 Argentina Offshore Pipeline Market by Product Type
13.6.8.4 Argentina Offshore Pipeline Market by Diameter
13.6.8.5 Argentina Offshore Pipeline Market by Depth of Operation
13.6.9 Rest of Latin America
13.6.9.1 Rest of Latin America Offshore Pipeline Market by Line Type
13.6.9.2 Rest of Latin America Offshore Pipeline Market by Installation Technique
13.6.9.3 Rest of Latin America Offshore Pipeline Market by Product Type
13.6.9.4 Rest of Latin America Offshore Pipeline Market by Diameter
13.6.9.5 Rest of Latin America Offshore Pipeline Market by Depth of Operation
14. Company Profile
14.1 Subsea 7
14.1.1 Market Overview
14.1.2 Financials
14.1.3 Product/Services/Offerings
14.1.4 SWOT Analysis
14.1.5 The SNS View
14.2 Saipem
14.2.1 Market Overview
14.2.2 Financials
14.2.3 Product/Services/Offerings
14.2.4 SWOT Analysis
14.2.5 The SNS View
14.3 National Petroleum Construction Company
14.3.1 Market Overview
14.3.2 Financials
14.3.3 Product/Services/Offerings
14.3.4 SWOT Analysis
14.3.5 The SNS View
14.4 McDermott
14.4.1 Market Overview
14.4.2 Financials
14.4.3 Product/Services/Offerings
14.4.4 SWOT Analysis
14.4.5 The SNS View
14.5 Sapura Energy Berhad
14.5.1 Market Overview
14.5.2 Financials
14.5.3 Product/Services/Offerings
14.5.4 SWOT Analysis
14.5.5 The SNS View
14.6 John Wood Group PLC
14.6.1 Market Overview
14.6.2 Financials
14.6.3 Product/Services/Offerings
14.6.4 SWOT Analysis
14.6.5 The SNS View
14.7 Fugro
14.7.1 Market Overview
14.7.2 Financials
14.7.3 Product/Services/Offerings
14.7.4 SWOT Analysis
14.7.5 The SNS View
14.8 Tenaric
14.8.1 Market Overview
14.8.2 Financials
14.8.3 Product/Services/Offerings
14.8.4 SWOT Analysis
14.8.5 The SNS View
14.9 Jesco
14.9.1 Market Overview
14.9.2 Financials
14.9.3 Product/Services/Offerings
14.9.4 SWOT Analysis
14.9.5 The SNS View
14.10 Technip
14.10.1 Market Overview
14.10.2 Financials
14.10.3 Product/Services/Offerings
14.10.4 SWOT Analysis
14.10.5 The SNS View
15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share Analysis
15.3 Recent Developments
16. USE Cases and Best Practices
17. Conclusion
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