openPR Logo
Press release

Pipe Laying Vessel Market - Global Industry Analysis & Key Trends by 2023

02-07-2017 11:53 AM CET | Industry, Real Estate & Construction

Press release from: TMR - Research Reports

Pipe Laying Vessel Market - Global Industry Analysis & Key Trends

The advancement in offshore oil exploration and production technologies calls for development of offshore support vessels market. Pipe laying vessel is one of the offshore support vessels used to support the offshore infrastructure. With increased offshore oil and gas exploration activities around the world the expansion of pipe laying vessel market is expected in the forecasted period.

Get Sample Report Copy:

Pipe laying vessels are constructed by placing pipes on the seafloor. Such vessels are meant to transport oil and gas from subsea well locations to production facilities and then further to onshore facilities. For different ocean depth scenarios the material of construction of pipeline vessels are different. This is because with increasing depths the water buoyant affects increase which affects the pipe lay process. For instance at shallow waters concrete is poured over the pipes for their correct positioning while in deep and ultra deep waters, thickness of pipes is increased to withstand the amplified hydrostatic pressure and maintain their arrangement. There are three ways of subsea pipe installation namely tow-in, S-jay, and J-lay. Pipe lay vessel is integral to the success of the set up. Numerous types of pipe laying vessels include J-lay barges, S-lay barges, and reel barges.

One of the key drivers of the pipe laying vessel market is the contribution of such technology in offshore oil and gas exploration operations. The increasing global population has resulted in widening of the power demand-supply gap. Hence, the nations world-wide are going for offshore explorations to be fuel sufficient and ensure their energy securities in the future. With newly discovered oil and gas exploration sites at ultra deep waters, the development of pipe laying vessel market is seen as a necessity. The enhancement of the pipe laying vessel features and functionalities to achieve operational efficiency tend to drive up the upfront cost of such vessels. Hence, high cost of the pipe laying vessels may affect the growth of such market in the coming years.

A number of projects have been taken up by the governments of Africa and Brazil to ensure exploration and production of their offshore reserves. Hence, the pipe laying vessel market is expected to experience highest growth in such nations owing to availability of numerous offshore oil and gas well, especially deepwater blocks over there. In Asia Pacific, pipe laying vessel market is assumed to show positive growth in India. This is because the New Exploration and Licensing Policy regime of India has resulted in a significant increase in its exploration and production activities. Europe is slowly recovering from its ongoing economic recession. Although it has undertaken several exploration activities, it may be cautious of its investment in such costly pipe lay vessels. Thus, such market growth in Europe is likely to be measured. The pipe laying vessel market growth in North America is also estimated to be sluggish due to the declining oil prices. The minimized exploration and production operation in Mexico resulting in low returns is assumed to intervene in such market improvement in the forecasted period.

The pipe laying vessel market segmentation is on the basis of end product type. There are mainly three types of pipe laying vessels namely J-lay barges, S-lay barges, and reel barges. The J-lay barges are suitable for ultra deep waters of depth between 500 to 4500 meters depending upon the diameters of the pipes. The S-lay barges are preferred in both shallow and deep water scenarios depending upon their pipe diameters. Reel barges have horizontal or vertical reel which the pipe is wrapped around. Such technology is used to reduce offshore pipeline installation duration.

Some of the key players in pipe laying vessel market are Royal IHC, Upetrom Group, Sapiem s.p.A, Van Oord among others.

About TMR

TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Contact TMR

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Pipe Laying Vessel Market - Global Industry Analysis & Key Trends by 2023 here

News-ID: 430771 • Views: 568

More Releases from TMR - Research Reports

Pulmonary Drugs Market is Expected to Reach US$ 28,082.1 Million by the End of 2 …
According to the research report, the global pulmonary drugs market is expected to be worth US$ 28,082.1 mn by the end of 2024 as compared to US$ 48,039.7 mn in 2015. Analysts calculate that the global market will plummet at a CAGR of -6.3% during the forecast period of 2016 and 2024. The market will thrive as the demand for combination drugs is anticipated to remain on the rise during
North America Ventricular Assist Device Market is rising to a valuation of US$ 1 …
According to TMR, the opportunity in the North America market for VADs, which stood at US$0.4 bn in 2015, is likely to expand at a healthy CAGR of 9.20% between 2016 and 2024 and increase to US$1.07 bn by the end of the forecast period. The destination therapy (DT) segment has been reporting a greater application of VADs than the other two indication segments. It is expected to remain the
Dental Membrane and Bone Graft Substitutes Market to rise to US$ 922.6 Million b …
Transparency Market Research notes that innovation and expansion into emerging regions have served these companies well in strengthening their hold in the dental membrane and bone graft substitutes market. For instance, Switzerland-based Geistlich Pharma AG - a global manufacturer and supplier of dental products and devices - expanded its operations in Sydney, Australia and New Delhi, India in 2016. The global dental membrane and bone graft substitutes market is expected to
Human Vaccines Market is Estimated to Reach US$ 72.5 Billion by 2024
The global human vaccines market was valued at US$28.3 bn in 2015 and is estimated to reach US$72.5 bn by 2024, registering an 11.2% CAGR during the forecast period. By age group, pediatric vaccines accounted for a 57.5% share in the global human vaccines market in 2015. Adult vaccines, on the other hand, are expected to expand at a 13.2% CAGR from 2016 to 2024. Based on product, the pneumococcal segment

All 5 Releases

More Releases for Pipe

CPVC Pipe Sales Market
CPVC Pipe Sales Market global CPVC Pipe market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Read Detailed Market Report @ Geographically, this report split global into several key Regions, with sales (K MT), revenue (Million USD), market share and growth rate of CPVC Pipe for
Structural Steel Pipe
Structural steel is a category of steel used as a construction material for making structural steel shapes. A structural steel shape is a profile, formed with a specific cross section and following certain standards for chemical composition and mechanical properties. Structural steel shapes, sizes, composition, strengths, storage practices, etc., are regulated by standards in most industrialized countries. Scope of the Report: This report focuses on the Structural Steel Pipe in Asia-Pacific market,
HDPE pipe is a pipe made from high-density polyethylene
HDPE pipe is a pipe made from high-density polyethylene. Known for its large strength to density ratio, it can carry potable water, wastewater, slurries, chemicals, hazardous wastes, and compressed gases. Scope of the Report: This report focuses on the HDPE Pipes in United States market, to split the market based on manufacturers, states, type and application. Request For Sample Here: There are 17 Chapters to deeply display the United States HDPE Pipes market. Chapter
High End Welded Steel Pipe
Besides carbonizing of welded steel pipe in the near boundary area, austenitic steel pipe also favors the creation of steel welding technology at high temperatures. Thus the plate and welded steel pipe can be heated so that the liquid cast steel can be poured into the pipe mould. For the pouring temperatures of cast welded steel pipe, the contact temperature may be over one thousand degrees on the border of
Anti-corrosion Steel Pipe and Coating Steel Pipe
Anti-corrosion steel pipe refers to do anti-corruption treatment for the ordinary steel pipe with special technology, making the steel pipe equipped certain corrosion resistance.Generally used in waterproof, anti-rust, acid and alkali proof, anti-oxidation and so on.Different needs, different inside and outside wall corresponding anti-corrosion measures.Common are: epoxy coal tar anti-corrosion, anti-corrosion epoxy coatings, urethane paint anti-corrosion, IPN8710 water pipeline corrosion protection, non-toxic paint anti corrosion,anti-corrosion polymer coating, steel pipe lining
Stainless Steel Pipe and Industrial Stainless Steel Pipe
Stainless steel pipe is divided into two series: decorative stainless steel pipe(stainless steel pipe) and industrial stainless steel pipe. Decorative stainless steel pipe(stainless steel pipe(SS)): usually outside the wall will be bright tube, hence the name of thinking, stainless steel pipe(SS) is used for decorative purposes. Stainless steel pipe(SS) mainly used to decorate, such as railings, staircase handrails, windows, etc., the wall thickness is very thin. As with the industrial stainless