Categories: Industry

Offshore Pipeline Market Report 2023-2032 | Share, Trends, Demand, overview

The Offshore Pipeline Global Market Report 2023, provides comprehensive information on the offshore pipeline market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

Learn More On The Offshore Pipeline Market’s Growth:
https://www.thebusinessresearchcompany.com/report/offshore-pipeline-global-market-report

As per The Business Research Company’s Offshore Pipeline Global Market Report 2023, the market size is expected to grow from $13.18 billion in 2022 to $14.03 billion in 2023 at a compound annual growth rate (CAGR) of 6.46%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of offshore pipeline market is expected to reach $17.25 billion in 2027 at a CAGR of 5.29%.

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Technological improvements are a key trend gaining popularity in the offshore pipeline market. Companies operating in the offshore pipeline market are adopting new technology improvements to sustain their position in the market. For instance, in May 2023, Saipem S.p.A., an Italian-based energy services company, developed the Integrated Acoustic Unit (I.A.U.) technology for monitoring subsea pipelines during laying operations. This innovative technology has recently obtained the statement of qualified technology for medium and large pipelines from DNV, a global expert in assurance and risk management. The I.A.U. is an advanced digital instrument developed by Saipem that utilizes acoustic technology for non-intrusive, remote monitoring of subsea pipelines during laying operations. Its deployment on the Scarborough project in Australia ensures enhanced accuracy and efficiency in anomaly detection, eliminating risks associated with mechanical detectors. The technology offers improved pipeline integrity monitoring while mitigating potential damages during pulling operations.

The offshore pipeline market is segmented:

1) By Product: Natural Gas, Crude Oil, Refined Products

2) By Diameter: Below 24 Inch, Above 24 Inch

3) By Line: Transport Line, Export Line, Other Lines

4) By Installation Type: S Lay, J Lay, Tow In

5) By Depth Of Operation: Shallow Water, Deep Water

Top Major Players:
Marathon Petroleum Corporation
Enterprise Products Partners L.P
Plains All American Pipeline L.P
Enbridge Inc
Baker Hughes Company

North America was the largest region in the offshore pipeline market in 2022.

The table of contents in TBRC’s offshore pipeline market report includes:

1. Executive Summary
2. Offshore Pipeline Market Characteristics
3. Offshore Pipeline Market Trends And Strategies
4. Offshore Pipeline Market – Macro Economic Scenario
5.1. Global Offshore Pipeline Historic Market Size and Growth, 2017 – 2022, Value ($ Billion)
…………………………………………………………………………………………
32. Global Offshore Pipeline Market Competitive Benchmarking
33. Global Offshore Pipeline Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Offshore Pipeline Market
35. Offshore Pipeline Market Future Outlook and Potential Analysis
36. Appendix

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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.

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