Offshore Pipeline Market

The demand for offshore pipeline is growing rapidly, across the globe, owing to various factors including the increasing demand for natural in Asia-Pacific and rising investments in offshore pipeline infrastructure.

The global offshore pipeline market is projected to grow at 6.82% CAGR during the forecast period, 2019–2025. In 2018, the global offshore pipeline market was dominated by North America with a 33.58% share, followed by Asia-Pacific and Europe with shares of 25.10% and 18.50%, respectively.

The global offshore pipeline market has been segmented based on product, line type, diameter, and country. On the basis of product, the global offshore pipeline market has been segmented as oil, gas, and refined product. The gas segment is expected to grow at the fastest rate during the forecast period. In 2018, the gas segment held a 37.00% share of the global offshore pipeline market.

On the basis of line type, the global offshore pipeline market has been segmented as export line and transport line. The transport line segment is expected to grow at the faster rate during the forecast period. In 2018, the transport line segment held a 53.10% share of the global offshore pipeline market.

On the basis of diameter, the global offshore pipeline market has been segmented as below 24″ and greater than 24” segment is expected to grow at the faster rate during the forecast period. In 2018, the greater than 24 segment held a 69.80% share of the global offshore pipeline market.

On the basis of region, the global offshore pipeline market has been segmented as the North America, Europe, Asia-Pacific, Middle East & Africa, and South America. In 2018, North America held a 33.58% share of the global offshore pipeline market.