Asia Pacific Offshore Pipeline Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Diameter (More than 24 inches and Less than 24 inches), Line Type (Export Line, Transport Line, and Others), and Product (Oil, Gas, and Refined Products)
Market Introduction
The offshore pipeline, often known as, submarine or subsea pipeline is used for the transportation of oil, gas, and refined products. The APAC offshore pipeline market is increasingly gaining traction on account of higher efficiency and large capacity. In addition to this, the offshore pipeline provides faster, safer, and more reliable connectivity for oil and gas transportation. The increasing demand for cost-effective transportation method for oil and gas is one of the major factors that is expected to boost the demand for offshore pipeline in the oversea oil & gas sector across APAC region. The APAC offshore pipeline market is expected to witness considerable growth during the forecast period owing to the upsurge in the number of natural gas projects as well as the detection of new oil fields, particularly in remote locations. Additionally, the depletion of existing oil & gas reserves in various countries across APAC have created a demand for cross-border pipelines for the supply of oil & gas related products, which is boosting the growth of the APAC offshore pipeline market. The APAC region is expected to grow at a good CAGR. APAC region is influencing the demand for offshore pipeline network. Also, countries such as China and India are witnessing high growth in the demand for natural gas as well as refined products.
Moreover, in case of COVID-19, APAC is highly affected specially the China and India. The APAC region constitutes the world’s two most populated countries as well as prominent oil producing countries across the APAC region. China virtually imposed strict lockdown and social isolation, which stopped manufacturing activities which resulted in shrinking its country’s demand for oil and other energy commodities. Thus, the oil & gas construction activities across the Chinese region plummeted significantly which has negatively affected the APAC offshore pipeline market. Similarly, India also imposed a nationwide lockdown to control the growing number of COVID-19 cases. Subsequently, the lockdown and disruption of various manufacturing activities contributed significantly in reduced activities in oil & gas sector. Thus, the overall decline of activities in oil & gas industries collectively reduced the demand for offshore pipelines across the APAC countries during the early months of the 2020 due to the outbreak of virus in respective countries.
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Market Overview and Dynamics
The APAC offshore pipeline market is expected to grow from US$ 2,188.82 million in 2019 to US$ 2,761.26 million by 2027; it is estimated to grow at a CAGR of 3.2 % from 2020 to 2027. Necessity for safe, cost-effective, and efficient connectivity of pipelines across APAC region is expected to accelerate the APAC offshore pipeline market. Presently, several advancements in technology are taking place, intending to enhance the efficiency, safety, and reliability of offshore pipelines. For instance, the development of hydrate-phobic coating for the construction of methane hydrates in the deep sea. These crystals can develop inside underwater pipes and block the flow of oil & gas. Moreover, several companies across APAC region are focused on the development of innovative coatings, which would primarily evade corrosion of pipes. For instance, in April 2020, material scientists in APAC region developed a super hydrophobic coating for offshore drilling pipes. The coating moderates or avoids hydrates as well as other deposits from cohering to subsea pipelines. Several developments focused on enhancing the robustness of offshore oil & gas pipelines are expected to surge investments in offshore pipelines compared to other modes of oil & gas transportation, thereby boosting the APAC offshore pipeline market.
Key Market Segments
In terms of diameter, the less than 24 inches’ segment accounted for the largest share of the APAC offshore pipeline market in 2019. In terms of line type, the transport line segment held a larger market share of the APAC offshore pipeline market in 2019. Further, the refined products segment held a larger share of the APAC offshore pipeline market based on product in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the APAC offshore pipeline market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Bechtel Corporation; Fugro; John Wood Group PLC; Larsen & Toubro Limited; McDermott International, Inc.; Petrofac Limited; Saipem S.p.A; Sapura Energy Berhad; Subsea 7 S.A.; TechnipFMC plc.
Reasons to buy report
- To understand the APAC offshore pipeline market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC offshore pipeline market
- Efficiently plan M&A and partnership deals in APAC offshore pipeline market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC offshore pipeline market
- Obtain market revenue forecast for market by various segments from 2020-2027 in APAC region.
APAC Offshore Pipeline Market Segmentation
APAC Offshore Pipeline Market - By Diameter
- More than 24 inches
- Less than 24 inches
APAC Offshore Pipeline Market - By Line Type
- Export Line
- Transport Line
- Others
APAC Offshore Pipeline Market - By Product
- Oil
- Gas
- Refined Products
APAC Offshore Pipeline Market - By Country
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
APAC Offshore Pipeline Market - Company Profiles
- Bechtel Corporation
- Fugro
- John Wood Group PLC
- Larsen & Toubro Limited
- McDermott International, Inc.
- Petrofac Limited
- Saipem S.p.A
- Sapura Energy Berhad
- Subsea 7 S.A.
- TechnipFMC plc
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Offshore Pipeline Market Landscape
4.1 Market Overview
4.2 APAC PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. APAC Offshore Pipeline Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Upsurge in Demand for Natural Gas and Crude Oil
5.1.2 Necessity for Safe, Cost-Effective, and Efficient Connectivity
5.2 Market Restraints
5.2.1 Difficulties Related to Cross- Border Pipeline Transportation
5.3 Market Opportunities
5.3.1 New Oil & Gas Reserves Detection
5.4 Future Trends
5.4.1 Upgradation in Flexible Pipe Technology
5.5 Impact Analysis of Drivers and Restraints
6. Offshore Pipeline Market – APAC Analysis
6.1 APAC Offshore Pipeline Market Overview
6.2 APAC Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Market Players Ranking
7. APAC Offshore Pipeline Market Analysis – By Diameter
7.1 Overview
7.2 APAC Offshore Pipeline Market, By Diameter (2019 and 2027)
7.3 More than 24 inches
7.3.1 Overview
7.3.2 More than 24 inches: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
7.4 Less than 24 inches
7.4.1 Overview
7.4.2 Less than 24 inches: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
8. APAC Offshore Pipeline Market Analysis – By Line Type
8.1 Overview
8.2 APAC Offshore Pipeline Market, By Line Type (2019 and 2027)
8.3 Export Line
8.3.1 Overview
8.3.2 Export Line: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
8.4 Transport
8.4.1 Overview
8.4.2 Transport: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
9. APAC Offshore Pipeline Market Analysis – By Product
9.1 Overview
9.2 APAC Offshore Pipeline Market, By Product (2019 and 2027)
9.3 Oil
9.3.1 Overview
9.3.2 Oil: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
9.4 Gas
9.4.1 Overview
9.4.2 Gas: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
9.5 Refined Products
9.5.1 Overview
9.5.2 Refined Products: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
10. APAC Offshore Pipeline Market – Country Analysis
10.1 Overview
10.1.1 APAC: Offshore Pipeline Market, by Key Country
10.1.1.1 China: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
10.1.1.1.1 China: Offshore Pipeline Market, by Diameter
10.1.1.1.2 China: Offshore Pipeline Market, by Line Type
10.1.1.1.3 China: Offshore Pipeline Market, by Product
10.1.1.2 Japan: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
10.1.1.2.1 Japan: Offshore Pipeline Market, by Diameter
10.1.1.2.2 Japan: Offshore Pipeline Market, by Line Type
10.1.1.2.3 Japan: Offshore Pipeline Market, by Product
10.1.1.3 India: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
10.1.1.3.1 India: Offshore Pipeline Market, by Diameter
10.1.1.3.2 India: Offshore Pipeline Market, by Line Type
10.1.1.3.3 India: Offshore Pipeline Market, by Product
10.1.1.4 Australia: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
10.1.1.4.1 Australia: Offshore Pipeline Market, by Diameter
10.1.1.4.2 Australia: Offshore Pipeline Market, by Line Type
10.1.1.4.3 Australia: Offshore Pipeline Market, by Product
10.1.1.5 South Korea: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
10.1.1.5.1 South Korea: Offshore Pipeline Market, by Diameter
10.1.1.5.2 South Korea: Offshore Pipeline Market, by Line Type
10.1.1.5.3 South Korea: Offshore Pipeline Market, by Product
10.1.1.6 Rest of APAC: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
10.1.1.6.1 Rest of APAC: Offshore Pipeline Market, by Diameter
10.1.1.6.2 Rest of APAC: Offshore Pipeline Market, by Line Type
10.1.1.6.3 Rest of APAC: Offshore Pipeline Market, by Product
11. Impact of COVID-19 Pandemic on APAC Offshore Pipeline Market
11.1 APAC: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 Bechtel Corporation
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Fugro
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 John Wood Group PLC
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Larsen & Toubro Limited
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 McDermott International, Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Petrofac Limited
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Saipem S.p.A.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Sapura Energy Berhad
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Subsea 7 S.A.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 TechnipFMC plc
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. APAC Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Table 2. China: Offshore Pipeline Market, by Diameter –Revenue and Forecast to 2027 (US$ Million)
Table 3. China: Offshore Pipeline Market, by Line Type –Revenue and Forecast to 2027 (US$ Million)
Table 4. China: Offshore Pipeline Market, by Product –Revenue and Forecast to 2027 (US$ Million)
Table 5. Japan: Offshore Pipeline Market, by Diameter –Revenue and Forecast to 2027 (US$ Million)
Table 6. Japan: Offshore Pipeline Market, by Line Type –Revenue and Forecast to 2027 (US$ Million)
Table 7. Japan: Offshore Pipeline Market, by Product –Revenue and Forecast to 2027 (US$ Million)
Table 8. India: Offshore Pipeline Market, by Diameter –Revenue and Forecast to 2027 (US$ Million)
Table 9. India: Offshore Pipeline Market, by Line Type –Revenue and Forecast to 2027 (US$ Million)
Table 10. India: Offshore Pipeline Market, by Product –Revenue and Forecast to 2027 (US$ Million)
Table 11. Australia: Offshore Pipeline Market, by Diameter –Revenue and Forecast to 2027 (US$ Million)
Table 12. Australia: Offshore Pipeline Market, by Line Type –Revenue and Forecast to 2027 (US$ Million)
Table 13. Australia: Offshore Pipeline Market, by Product –Revenue and Forecast to 2027 (US$ Million)
Table 14. South Korea: Offshore Pipeline Market, by Diameter –Revenue and Forecast to 2027 (US$ Million)
Table 15. South Korea: Offshore Pipeline Market, by Line Type –Revenue and Forecast to 2027 (US$ Million)
Table 16. South Korea: Offshore Pipeline Market, by Product –Revenue and Forecast to 2027 (US$ Million)
Table 17. Rest of APAC: Offshore Pipeline Market, by Diameter –Revenue and Forecast to 2027 (US$ Million)
Table 18. Rest of APAC: Offshore Pipeline Market, by Line Type –Revenue and Forecast to 2027 (US$ Million)
Table 19. Rest of APAC: Offshore Pipeline Market, by Product –Revenue and Forecast to 2027 (US$ Million)
Table 20. List of Abbreviation
LIST OF FIGURES
Figure 1. APAC Offshore Pipeline Market Segmentation
Figure 2. APAC Offshore Pipeline Market Segmentation – By Country
Figure 3. APAC Offshore Pipeline Market Overview
Figure 4. APAC Offshore Pipeline Market Outlook
Figure 5. APAC Offshore Pipeline Market – Diameter Analysis
Figure 6. APAC Offshore Pipeline Market – Line Type Analysis
Figure 7. APAC Offshore Pipeline Market – Product Analysis
Figure 8. APAC Offshore Pipeline Market – Country Analysis
Figure 9. APAC: PEST Analysis
Figure 10. APAC Offshore Pipeline Market – Ecosystem Analysis
Figure 11. Expert Opinion
Figure 12. APAC Offshore Pipeline Market Impact Analysis of Drivers and Restraints
Figure 13. APAC: Offshore Pipeline Market – Revenue and Forecast to 2027 (US$ Million)
Figure 14. APAC Offshore Pipeline Market Revenue Share, by Diameter (2019 and 2027)
Figure 15. APAC More than 24 inches: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 16. APAC Less than 24 inches: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 17. APAC Offshore Pipeline Market Revenue Share, by Line Type (2019 and 2027)
Figure 18. APAC Export Line: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 19. APAC Transport: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 20. APAC Others: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 21. APAC Offshore Pipeline Market Revenue Share, by Product (2019 and 2027)
Figure 22. APAC Oil: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 23. APAC Gas: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 24. APAC Refined Products: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 25. APAC: Offshore Pipeline Market Revenue Share, by Key Country (2019 and 2027)
Figure 26. China: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 27. Japan: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 28. India: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 29. Australia: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 30. South Korea: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 31. Rest of APAC: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 32. Impact of COVID-19 Pandemic in APAC Country Market
Some of the leading companies are:
- Bechtel Corporation
- Fugro
- John Wood Group PLC
- Larsen & Toubro Limited
- McDermott International, Inc.
- Petrofac Limited
- Saipem S.p.A
- Sapura Energy Berhad
- Subsea 7 S.A.
- TechnipFMC plc
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC offshore pipeline market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the APAC offshore pipeline market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the offshore pipeline market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution