Middle East and Africa 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: TIPRE00017251 | Pages: 124 | 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 MEA 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 MEA region includes countries such as South Africa, Saudi Arabia, and the UAE. The MEA region is projected to have a rapid rise in urbanization and industrialization, which would further drive the growth of the entire economy. The Gulf countries are economically advanced, while the African countries are yet to balance the economic conditions. Similarly, the boost in per capita income, recovering economic conditions, and government spending toward infrastructure development of the region are among the factors anticipated to drive the adoption of offshore pipeline. The MEA offshore pipeline market is expected to witness considerable growth during the forecast period owing to the escalation in the number of natural gas projects as well as the finding of new oil fields, particularly in remote locations. Factors such as discovery of new oil and gas reserves across MEA region and improvements and developments in flexible pipe technology are also expected to drive the MEA offshore pipeline market.

Moreover, in case of COVID-19, MEA is highly affected specially the Saudi Arabia and Iran. The COVID-19 pandemic has negatively affected the overall oil & gas industry owing to considerable disruption in the industry supply chain activities coupled with the several countries across MEA region sealing off their international trade in wake of the pandemic. The MEA region especially the GCC countries witnessed a notable decline in their oil & gas sector owing to sharp decline in demand of oil from major end-user countries across Asia, Europe and North American regions as a result, the countries registered a lowered volume of oil production as well as construction of oil & gas related projects and subsequently the demand for offshore pipelines. Countries such as Saudi Arabia, UAE, Qatar and selected other members of OPEC countries also observed similar trends during the early months of the pandemic outbreak. The coronavirus outbreak's impact is anticipated to be quite severe in the year 2020 and likely in 2021. Hence, the ongoing COVID-19 crisis and critical situation in the countries like the Saudi Arabia and Iran will impact the offshore pipeline market growth of the MEA region negatively for the next few quarters.


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Market Overview and Dynamics

The MEA offshore pipeline market is expected to grow from US$ 1,399.63 million in 2019 to US$ 1,680.77 million by 2027; it is estimated to grow at a CAGR of 2.5 % from 2020 to 2027.  Escalation in demand for natural gas and crude oil across MEA region is expected to upsurge MEA offshore pipeline market. The demand for natural gas and crude oil is witnessing a constant increase across the MEA region. The robust increase in petrochemical demand in the MEA region resulted in increased consumption. Surge in industrial production along with high demand for trucking services are boosting the need for petrochemicals, thereby fueling the growth of the market across MEA region. Rise in demand for oil & gas across MEA region is attributed to increasing industrialization and urbanization. Several oil & gas companies in MEA region are focused on increasing their offshore exploration & production (E&P) activities to fulfil the constantly increasing energy demand. Some of the significant oil & gas pipeline projects across MEA region expected in 2020 are Al Zour Refinery (Kuwait) and South Pars Phases 13-14 (Iran). Rising demand for oil & gas due to rise in industrialization and urbanization has resulted in increased E&P activities, which, in turn, is supporting the growth of the MEA offshore pipeline market.

Key Market Segments

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

MEA Offshore Pipeline Market Segmentation

MEA Offshore Pipeline Market - By Diameter

  • More than 24 inches
  • Less than 24 inches

MEA Offshore Pipeline Market - By Line Type

  • Export Line
  • Transport Line
  • Others

MEA Offshore Pipeline Market - By Product

  • Oil
  • Gas
  • Refined Products 

 MEA Offshore Pipeline Market - By Country

  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of MEA     

MEA 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.           MEA Offshore Pipeline Market Landscape

4.1         Market Overview

4.2         MEA PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           MEA Offshore Pipeline Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Escalation in Demand for Natural Gas and Crude Oil

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

5.2         Market Restraints

5.2.1        Cross- Border Pipeline Transportation Difficulties

5.3         Market Opportunities

5.3.1        Finding New Oil & Gas Reserves

5.4         Future Trends

5.4.1        Improvements in Flexible Pipe Technology

5.5         Impact Analysis of Drivers and Restraints

6.           Offshore Pipeline Market– MEA Analysis

6.1         MEA Offshore Pipeline Market Overview

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

6.3         Market Positioning – Market Players Ranking

7.           MEA Offshore Pipeline Market Analysis – By Diameter

7.1         Overview

7.2         MEA Offshore Pipeline Market, By Diameter (2019 and 2027)

7.2.1        Overview

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

7.3         Less than 24 inches

7.3.1        Overview

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

8.           MEA Offshore Pipeline Market Analysis – By Line Type

8.1         Overview

8.2         MEA 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.           MEA Offshore Pipeline Market Analysis – By Product

9.1         Overview

9.2         MEA 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.        MEA Offshore Pipeline Market – Country Analysis

10.1      Overview

10.1.1     MEA: Offshore Pipeline Market, by Key Country

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

10.1.1.1.1       Saudi Arabia: Offshore Pipeline Market, by Diameter

10.1.1.1.2       Saudi Arabia: Offshore Pipeline Market, by Line Type

10.1.1.1.3       Saudi Arabia: Offshore Pipeline Market, by Product

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

10.1.1.2.1       UAE: Offshore Pipeline Market, by Diameter

10.1.1.2.2       UAE: Offshore Pipeline Market, by Line Type

10.1.1.2.3       UAE: Offshore Pipeline Market, by Product

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

10.1.1.3.1       South Africa: Offshore Pipeline Market, by Diameter

10.1.1.3.2       South Africa: Offshore Pipeline Market, by Line Type

10.1.1.3.3       South Africa: Offshore Pipeline Market, by Product

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

10.1.1.4.1       Rest of MEA: Offshore Pipeline Market, by Diameter

10.1.1.4.2       Rest of MEA: Offshore Pipeline Market, by Line Type

10.1.1.4.3       Rest of MEA: Offshore Pipeline Market, by Product

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Table 14.          List of Abbreviation

LIST OF FIGURES

Figure 1.           MEA Offshore Pipeline Market Segmentation

Figure 2.           MEA Offshore Pipeline Market Segmentation – By Country

Figure 3.           MEA Offshore Pipeline Market Overview

Figure 4.           MEA Offshore Pipeline Market Outlook

Figure 5.           MEA Offshore Pipeline Market – Diameter Analysis

Figure 6.           MEA Offshore Pipeline Market – Line Type Analysis

Figure 7.           MEA Offshore Pipeline Market – Product Analysis

Figure 8.           MEA Offshore Pipeline Market – Country Analysis

Figure 9.           MEA: PEST Analysis

Figure 10.        MEA Offshore Pipeline Market – Ecosystem Analysis

Figure 11.        Expert Opinion

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Figure 30.        Impact of COVID-19 Pandemic in MEA 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 MEA 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 MEA 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 MEA 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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