Europe 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)

Code: TIPRE00017249 | Pages: 140 | Industry: Energy and Power | Date: Dec 2020
Covid

Market Introduction

The offshore pipeline, often known as, submarine or subsea pipeline is used for the transportation of oil, gas, and refined products. The Europe 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 Europe offshore pipeline market is expected to witness considerable growth during the forecast period owing to the increase in number of natural gas projects as well as the exploration of new oil fields, particularly in remote locations. Additionally, the depletion of existing oil & gas reserves in various countries across Europe have created a demand for cross-border pipelines for the supply of oil & gas related products, which is boosting the growth of the Europe offshore pipeline market. 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 Europe.

Moreover, in case of COVID-19, Europe is highly affected specially the UK and Russia. In Europe, several countries are expected to suffer an economic hit of the decline in business activities across the oil & gas sector due to lowering oil prices in the first quarter of 2020. Many of these member states have implemented drastic measures on imports & exports, and shipment of goods including partially closing their borders impacting the demand for energy in various industry verticals. This is anticipated to impact market growth of offshore pipeline market in Europe following the outbreak of pandemic. The impact of COVID-19 varied from country to country across the European region as selected countries witnessed a surge in the number of confirmed cases and subsequently attracted stringent as well as more extended lockdown period or social isolation resulting in disruption of business in many consumer electronics industry verticals and subsequently the demand for oil commodities. The lockdown is expected to continue negatively impact the offshore pipeline market in Europe due to disruption in oil & gas sector across selected countries. However, the as several countries begin to reopen industry vertical and subsequently drive the demand for energy is expected to resume the construction of oil & gas activities to support the growth. Thus, the market is projected to recover steadily over the coming period and gain traction for offshore pipelines during the later forecast period.


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Market Overview and Dynamics

The Europe offshore pipeline market is expected to grow from US$ 4,959.17 million in 2019 to US$ 6,612.02 million by 2027; it is estimated to grow at a CAGR of 3.9 % from 2020 to 2027.  Exploration of new oil & gas reserves is expected to upsurge the Europe offshore pipeline market. The discoveries of new oil & gas reserves have been witnessing exponential growth across European region. In September 2020, European company Equinor announced the discovery of new oil & gas fields at the Swisher prospect. The company also announced the discovery of two oil fields in the Flemish Pass basin offshore Newfoundland. Furthermore, in October 2020, another European company, Total and its partners announced to evaluate several development options for commercializing a new gas and condensate discovery. Such discoveries of new offshore oil & gas reserves are expected to boost the construction of new plants and requirements for new offshore pipelines for cross-border transmission, thereby boosting the Europe offshore pipeline market.

Key Market Segments

In terms of diameter, the less than 24 inches’ segment accounted for the largest share of the Europe offshore pipeline market in 2019. In terms of line type, the transport line segment held a larger market share of the Europe offshore pipeline market in 2019. Further, the refined products segment held a larger share of the Europe 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 Europe 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 Europe 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 Europe offshore pipeline market
  • Efficiently plan M&A and partnership deals in Europe 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 Europe offshore pipeline market
  • Obtain market revenue forecast for market by various segments from 2020-2027 in Europe region.

Europe Offshore Pipeline Market Segmentation

Europe Offshore Pipeline Market - By Diameter

  • More than 24 inches
  • Less than 24 inches

Europe Offshore Pipeline Market - By Line Type

  • Export Line
  • Transport Line
  • Others

Europe Offshore Pipeline Market - By Product

  • Oil
  • Gas
  • Refined Products 

Europe Offshore Pipeline Market - By Country

  • UK
  • Germany
  • France
  • Italy
  • Russia
  • Norway
  • Rest of Europe       

Europe 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.           Europe Offshore Pipeline Market Landscape

4.1         Market Overview

4.2         Europe PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           Europe Offshore Pipeline Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Increase in the Demand for Natural Gas and Crude Oil

5.1.2        Demand for Safe, Cost-Effective, and Efficient Connectivity

5.2         Market Restraints

5.2.1        Issues Related to Cross- Border Pipeline Transportation

5.3         Market Opportunities

5.3.1        Exploration of New Oil & Gas Reserves

5.4         Future Trends

5.4.1        Enhancements in Flexible Pipe Technology

5.5         Impact Analysis of Drivers and Restraints

6.           Offshore Pipeline Market – Europe Analysis

6.1         Europe Offshore Pipeline Market Overview

6.2         Europe Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)

6.3         Market Positioning – Market Players Ranking

7.           Europe Offshore Pipeline Market Analysis – By Diameter

7.1         Overview

7.2         Europe 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.           Europe Offshore Pipeline Market Analysis – By Line Type

8.1         Overview

8.2         Europe 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.           Europe Offshore Pipeline Market Analysis – By Product

9.1         Overview

9.2         Europe 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.        Europe Offshore Pipeline Market – Country Analysis

10.1      Overview

10.1.1     Europe: Offshore Pipeline Market, by Key Country

10.1.1.1       UK: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)

10.1.1.1.1       UK: Offshore Pipeline Market, by Diameter

10.1.1.1.2       UK: Offshore Pipeline Market, by Line Type

10.1.1.1.3       UK: Offshore Pipeline Market, by Product

10.1.1.2       Germany: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)

10.1.1.2.1       Germany: Offshore Pipeline Market, by Diameter

10.1.1.2.2       Germany: Offshore Pipeline Market, by Line Type

10.1.1.2.3       Germany: Offshore Pipeline Market, by Product

10.1.1.3       France: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)

10.1.1.3.1       France: Offshore Pipeline Market, by Diameter

10.1.1.3.2       France: Offshore Pipeline Market, by Line Type

10.1.1.3.3       France: Offshore Pipeline Market, by Product

10.1.1.4       Italy: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)

10.1.1.4.1       Italy: Offshore Pipeline Market, by Diameter

10.1.1.4.2       Italy: Offshore Pipeline Market, by Line Type

10.1.1.4.3       Italy: Offshore Pipeline Market, by Product

10.1.1.5       Russia: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)

10.1.1.5.1       Russia: Offshore Pipeline Market, by Diameter

10.1.1.5.2       Russia: Offshore Pipeline Market, by Line Type

10.1.1.5.3       Russia: Offshore Pipeline Market, by Product

10.1.1.6       Norway: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)

10.1.1.6.1       Norway: Offshore Pipeline Market, by Diameter

10.1.1.6.2       Norway: Offshore Pipeline Market, by Line Type

10.1.1.6.3       Norway: Offshore Pipeline Market, by Product

10.1.1.7       Rest of Europe: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)

10.1.1.7.1       Rest of Europe: Offshore Pipeline Market, by Diameter

10.1.1.7.2       Rest of Europe: Offshore Pipeline Market, by Line Type

10.1.1.7.3       Rest of Europe: Offshore Pipeline Market, by Product

11.        Impact of COVID-19 Pandemic on Europe Offshore Pipeline Market

11.1      Europe: 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.             Europe Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)

Table 2.             UK: Offshore Pipeline Market, by Diameter –Revenue and Forecast to 2027 (US$ Million)

Table 3.             UK: Offshore Pipeline Market, by Line Type –Revenue and Forecast to 2027 (US$ Million)

Table 4.             UK: Offshore Pipeline Market, by Product –Revenue and Forecast to 2027 (US$ Million)

Table 5.             Germany: Offshore Pipeline Market, by Diameter –Revenue and Forecast to 2027 (US$ Million)

Table 6.             Germany: Offshore Pipeline Market, by Line Type –Revenue and Forecast to 2027 (US$ Million)

Table 7.             Germany: Offshore Pipeline Market, by Product –Revenue and Forecast to 2027 (US$ Million)

Table 8.             France: Offshore Pipeline Market, by Diameter –Revenue and Forecast to 2027 (US$ Million)

Table 9.             France: Offshore Pipeline Market, by Line Type –Revenue and Forecast to 2027 (US$ Million)

Table 10.          France: Offshore Pipeline Market, by Product –Revenue and Forecast to 2027 (US$ Million)

Table 11.          Italy: Offshore Pipeline Market, by Diameter –Revenue and Forecast to 2027 (US$ Million)

Table 12.          Italy: Offshore Pipeline Market, by Line Type –Revenue and Forecast to 2027 (US$ Million)

Table 13.          Italy: Offshore Pipeline Market, by Product –Revenue and Forecast to 2027 (US$ Million)

Table 14.          Russia: Offshore Pipeline Market, by Diameter –Revenue and Forecast to 2027 (US$ Million)

Table 15.          Russia: Offshore Pipeline Market, by Line Type –Revenue and Forecast to 2027 (US$ Million)

Table 16.          Russia: Offshore Pipeline Market, by Product –Revenue and Forecast to 2027 (US$ Million)

Table 17.          Norway: Offshore Pipeline Market, by Diameter –Revenue and Forecast to 2027 (US$ Million)

Table 18.          Norway: Offshore Pipeline Market, by Line Type –Revenue and Forecast to 2027 (US$ Million)

Table 19.          Norway: Offshore Pipeline Market, by Product –Revenue and Forecast to 2027 (US$ Million)

Table 20.          Rest of Europe: Offshore Pipeline Market, by Diameter –Revenue and Forecast to 2027 (US$ Million)

Table 21.          Rest of Europe: Offshore Pipeline Market, by Line Type –Revenue and Forecast to 2027 (US$ Million)

Table 22.          Rest of Europe: Offshore Pipeline Market, by Product –Revenue and Forecast to 2027 (US$ Million)

Table 23.          List of Abbreviation

LIST OF FIGURES

Figure 1.           Europe Offshore Pipeline Market Segmentation

Figure 2.           Europe Offshore Pipeline Market Segmentation – By Country

Figure 3.           Europe Offshore Pipeline Market Overview

Figure 4.           Europe Offshore Pipeline Market Outlook

Figure 5.           Europe Offshore Pipeline Market – Diameter Analysis

Figure 6.           Europe Offshore Pipeline Market – Line Type Analysis

Figure 7.           Europe Offshore Pipeline Market – Product Analysis

Figure 8.           Europe Offshore Pipeline Market – Country Analysis

Figure 9.           Europe: PEST Analysis

Figure 10.        Europe Offshore Pipeline Market – Ecosystem Analysis

Figure 11.        Expert Opinion

Figure 12.        Europe Offshore Pipeline Market Impact Analysis of Drivers and Restraints

Figure 13.        Europe: Offshore Pipeline Market – Revenue and Forecast to 2027 (US$ Million)

Figure 14.        Europe Offshore Pipeline Market Revenue Share, by Diameter (2019 and 2027)

Figure 15.        Europe More than 24 inches: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 16.        Europe Less than 24 inches: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 17.        Europe Offshore Pipeline Market Revenue Share, by Line Type (2019 and 2027)

Figure 18.        Europe Export Line: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 19.        Europe Transport: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 20.        Europe Others: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 21.        Europe Offshore Pipeline Market Revenue Share, by Product (2019 and 2027)

Figure 22.        Europe Oil: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 23.        Europe Gas: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 24.        Europe Refined Products: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 25.        Europe: Offshore Pipeline Market Revenue Share, by Key Country (2019 and 2027)

Figure 26.        UK: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 27.        Germany: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 28.        France: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 29.        Italy: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 30.        Russia: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 31.        Norway: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 32.        Rest of Europe: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 33.        Impact of COVID-19 Pandemic in Europe Country Markets

Some of the leading companies are:

  1. Bechtel Corporation
  2. Fugro
  3. John Wood Group PLC
  4. Larsen & Toubro Limited
  5. McDermott International, Inc.
  6. Petrofac Limited
  7. Saipem S.p.A
  8. Sapura Energy Berhad
  9. Subsea 7 S.A.
  10. TechnipFMC plc
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe offshore pipeline market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
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  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Europe 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 
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