Press release
Offshore Pipeline Market Detailed Comprehensive Study with Future Extension
Rising demand for natural gas and crude oil, especially in emerging economies such as India along with increasing demand for cheaper, safe, and reliable connectivity through pipelines is expected to drive growth of the global offshore pipeline market. Moreover, increasing demand for cost-effective transportation of oil and gas is another major factor that is expected to boost growth of the offshore pipeline market during the forecast period.Offshore pipelines are increasingly used in oil and gas industry for transportation of crude and refined petroleum products from source to destination, which are physically separated at a distance. Increasing cross-border transportation of oil and gas products is expected to drive growth of the offshore pipeline market during the forecast period.
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The increased growth in refined product type segment is expected in regions such as North America and Asia Pacific due to rapidly increasing import and export in the region Moreover, significant increase in demand for offshore pipeline in oil and gas industry is expected to drive growth of the global offshore pipeline market during the forecast period. The demand for oil and gas is constantly increasing in emerging economies such as India and ASEAN countries, which is expected to increase the demand of offshore pipeline during the forecast period.
Market Taxonomy:-
On the basis of product type, the global offshore pipeline market is segmented into:
Oil
Gas
Refined Products
On the basis of pipeline type, the global offshore pipeline market is segmented into:
Infield Offshore Pipeline
Export Offshore Pipeline
Transmission Offshore Pipeline
On the basis of material type, the global offshore pipeline market is segmented into:
Carbon Steel
Stainless Steel
Alloy Steel
Composites
Specialty Plastics
Others
On the basis of diameter, the global offshore pipeline market is segmented into:
Below 16 inches
16 -20 inches
20 - 24 inches
Above 24 inches
Major players operating in the global offshore pipeline market include McDermott, Saipem, Sapura Malaysia, Subsea 7, Technip UK, Wood Group, Atteris, Fugro, Petrofac, Senaat, and Penspen.
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