Offshore Oil and Gas Pipeline Market by Product and Geography - Forecast and Analysis 2020-2024

 

The offshore oil and gas pipeline market and it is poised to grow by USD 2.79 billion during 2020-2024, progressing at a CAGR of 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Allseas Group SA, ArcelorMittal SA, John Wood Group Plc, McDermott International Inc., PAO TMK, Saipem Spa, Subsea 7 SA, TechnipFMC Plc, Tenaris SA, and United Metallurgical Co. (OMK) are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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An increase in global energy demand has been instrumental in driving the growth of the market.

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Offshore Oil and Gas Pipeline Market 2020-2024: Segmentation

Offshore Oil and Gas Pipeline Market is segmented as below:

• Product
• Gas
• Oil
• Geography
• Europe
• MEA
• APAC
• South America
• North America

 

Offshore Oil and Gas Pipeline Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The offshore oil and gas pipeline market report covers the following areas:

• Offshore Oil and Gas Pipeline Market Size
• Offshore Oil and Gas Pipeline Market Trends
• Offshore Oil and Gas Pipeline Market Analysis

This study identifies the economic benefits of offshore pipelines over other oil and gas transportation modes as one of the prime reasons driving the offshore oil and gas pipeline market growth during the next few years.