Offshore Pipeline Market Size

SkyQuest Technology's Offshore pipeline market size, share and forecast Report is based on the analysis of market data and Industry trends impacting the global Offshore Pipeline Market and the revenue of top companies operating in it. Market Size Data and Statistics are based on the comprehensive research by our Team of Analysts and Industry experts.

Offshore Pipeline Market Insights

Offshore Pipeline Market size was valued at USD 14.8 Billion in 2023 and is poised to grow from USD 15.5 Billion in 2024 to USD 23.43 Billion by 2032, growing at a CAGR of 4.7% during the forecast period (2025-2032).

During the forecast period, the market is anticipated to be driven by factors including rising demand for crude oil and natural gas, particularly from the Asia-Pacific region, and a growing focus on secure, affordable, and dependable connections for oil and gas exploration. High construction costs and technical difficulties with a deep-water building are predicted to impede market expansion. Due to increased shale gas discoveries and development in the North American region, the gas pipeline segment is anticipated to enhance demand in the offshore pipeline market. Gas pipelines are anticipated to become extremely popular as a result. Subsea (offshore) pipeline imports of more oil and gas into the European and Asia-Pacific regions are anticipated to generate enormous prospects for the market in the future. North America also dominated the global market in the forecast period.

US Offshore Pipeline Market is poised to grow at a sustainable CAGR for the next forecast year.

REQUEST FOR SAMPLE

Want to customize this report? REQUEST FREE CUSTOMIZATION

FAQs

Offshore Pipeline Market size was valued at USD 14.8 Billion in 2023 and is poised to grow from USD 15.5 Billion in 2024 to USD 23.43 Billion by 2032, growing at a CAGR of 4.7% during the forecast period (2025-2032).

With already established market competitors, the offshore pipeline industry is fierce. Many companies are actively investing in R&D activity to develop innovative products that help the company to improve its market share and generate more revenue. Enbridge Inc., Cortez Subsea, Fugro, McDermott, Saipem, TechnipFMC plc, Penspen, Sapura Energy Berhad, Atteris, and Senaat are a few of the key participants. Businesses are concentrating on acquisitions to grow their market share and remain competitive. 'Saipem S.p.A. (Italy) ', 'TechnipFMC Plc (United Kingdom and United States) ', 'Subsea 7 S.A. (Luxembourg) ', 'McDermott (United States) ', 'Wood Group plc (United Kingdom) ', 'Baker Hughes Company (United States) ', 'McDermott Middle East, Inc. (United Arab Emirates) ', 'Bechtel Corporation (United States) ', 'Petrofac Limited (United Kingdom) ', 'MODEC, Inc. (Japan) ', 'L&T Hydrocarbon Engineering Limited (India) ', 'China National Offshore Oil Corporation Limited (China) ', 'NPCC - National Petroleum Construction Company (United Arab Emirates) ', 'McDermott Caspian Contractors, Inc. (Kazakhstan) ', 'Vallourec S.A. (France) ', 'Mott MacDonald Group Limited (United Kingdom) ', 'WorleyParsons Limited (Australia) ', 'Woodside Petroleum Ltd. (Australia) ', 'Halliburton Company (United States) ', 'Chiyoda Corporation (Japan)'

The sector is being supported by the rising investments made by the top market players in R&D activities, the expanding need for crude oil and natural gas across all industrial verticals, and the growing requirement for accessible and secure supply connectivity. Further, other market drivers are increasing demand of crude oil, natural gas and refined products by the high energy consuming countries. As transportation through pipelines is efficient as compared to other means of transport, the market for offshore pipelines will rise to fulfil the growing demands.

The market for offshore pipelines is likely to be driven by the development of new gas resources and the adoption of subsea (offshore) pipelines for the quick and affordable transportation of natural gas exports. These developments are the result of the rising demand for natural gas.

During the forecast period, North America is anticipated to hold the largest worldwide market share for offshore pipelines. The region's nations are making an effort to invest in offshore oil and gas development projects. Oil and gas pipeline infrastructure in nations like the United States and Canada is anticipated to continue operating at full capacity during the forecast period. The market for offshore pipelines in the United States is anticipated to grow significantly as a result of increased activity in the Gulf of Mexico.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Offshore Pipeline Market
Offshore Pipeline Market

Report ID: SQMIG10F2009

[email protected]
USA +1 351-333-4748

BUY NOW GET FREE SAMPLE