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Offshore Pipeline Global Market Size is Expected to Reach $17.25 Billion at a CAGR of 5.29% By 2027 | Key Players: Enbridge Inc, Transneft, Saipem SpA,, Subsea 7 SA, Tmk Group
Offshore Pipeline Market
The Business Research Company's Offshore Pipeline Global Market Report 2023 identifies the increasing demand for crude oil and natural gas is expected to propel the growth of the offshore pipeline market going forward. Crude oil, also known as petroleum, refers to a liquid hydrocarbon mixture that is typically found in underground reservoirs, while natural gas is a blend of hydrocarbon gases made up mostly of methane (CH4) with minor components of ethane, propane, and butane.
The global offshore pipeline 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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Major players in the Offshore Pipeline market are Marathon Petroleum Corporation, Enterprise Products Partners L.P., Plains All American Pipeline L.P., Enbridge Inc, Baker Hughes Company, Kinder Morgan Inc., Transneft, TC Energy Corporation, Pembina Pipeline Corporation, McDermott International Ltd., Technip FMC Plc, Saipem SpA,, Subsea 7 SA, Tmk Group, Petrofac Limited, Allseas Group SA, Fugro NV, L&T Hydrocarbon Engineering Limited, Shawcor Ltd., Sapura Energy Berhad, Bourbon Corporation SA, China Petroleum Pipeline Engineering Co. Ltd, and Penspen.
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.
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The Offshore Pipeline Market Is Segmented -
• By Product: Natural Gas, Crude Oil, Refined Products
• By Diameter: Below 24 Inch, Above 24 Inch
• By Line: Transport Line, Export Line, Other Lines
• By Installation Type: S Lay, J Lay, Tow In
• By Depth Of Operation: Shallow Water, Deep Water
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Offshore Pipeline market.
The Business Research Company's "Global Offshore Pipeline Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Offshore Pipeline Market Include:
1. Executive Summary
2. Offshore Pipeline Market Characteristics
3. Offshore Pipeline Market Trends And Strategies
4. Offshore Pipeline Market - Macro Economic Scenario
5. Offshore Pipeline Market Size And Growth
.....
26. Africa Offshore Pipeline Market
27. Offshore Pipeline Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Offshore Pipeline Market
29. Offshore Pipeline Market Future Outlook and Potential Analysis
30. Appendix
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