Startview Research has launched a market research report titled ‘Offshore Pipeline Market’ that is compiled by leveraging findings as well as insights about the market that helps businesses to stay ahead in the competitive market. It also helps the market players in selecting targets, guiding where to invest, giving users detailed information about company profiles, etc. This report provides reliable and accurate market data, that can work as the key to the growth of any business. The report estimates future trends, challenges, linchpins, opportunities, revenue, and future sales count in the target market along with forecasting for a 5-year period.

According to this report, the offshore pipeline market was estimated at USD 14.5 billion in 2022 and is likely to grow at a CAGR of 4.72% during 2023-2028 to reach USD 19.17 billion in 2028.

What are offshore pipelines?

Offshore pipelines are used on the seabed or inside the trench to transport oil & gas. These pipelines are mostly made of carbon steel and vary from 3 inches to 72 inches from gas lines for high-capacity lines.

The offshore pipeline inside the wall carries seawater or corrosive substances, it is coated with materials such as epoxy and polyurethane.

Market Segments' Analysis

Stratview Research has bifurcated the Offshore Pipeline Market by the following –

·       Product Type (Oil, Gas, and Refined Products),

·       Line Type (Export Line, Transport Line, and Other Lines),

·       Diameter Type (Below 24”, Greater than 24”),

·       Region (North America, Europe, Asia-Pacific, and Rest of the World).

Based on the product type, the market is segmented as oil, gas, and refined products. The refined products segment led the market in 2022 and is expected to dominate during the forecasted period. The rising demand for refined products, especially from the Asia Pacific region, is boosting the market, followed by the Middle East and Africa.

Based on the line type, the market is segmented as export line, transport line, and other lines. The transport line dominated the market and is expected to remain the largest segment during the forecasted period. Around 25,000 km of transport line pipeline network is expected to be completed by 2025.

Based on the diameter type, the market is segmented as below 24” and greater than 24”. It is estimated that the greater than 24” segment will register faster growth during the forecast period. Further, close to 35,000 km of 24” pipeline network is likely to be accomplished in the coming five years.

In terms of regions, Europe is estimated to lead the market during the forecast period. The region is dependent on conventional fuels and over 80% of its total consumption comes from conventional energy. Countries such as the UK, France, and Germany consume high energy and have high demand, which is driving the market.

Market Features

This report on the Offshore Pipeline Market is one of the important tools with the help of which the users can obtain a well perspective and understanding of the target market and customer. The details in the report cover Covid19 impact on the market and also predict how long will it take to recoup which aids in reducing business failures.

-        Trend analysis, pricing, and competitive analysis are some of the vital factors covered in this report.

-        This report consists of an in-depth analysis of the market to help businesses in improving decision-making.

-        Offshore Pipeline Market report aims at evaluating future sales as well as trends for the prediction period of 5 years.

-        This report helps to keep the users updated with key changes that take place in the present market.

With all this information provided by Stratview Research; market players can expand their business effectively. Stratview research also offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@Stratviewresearch.com or Connect with our market experts at:  +1-313-307-4176