North America 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 North America 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 North America offshore pipeline market is expected to witness considerable growth during the forecast period owing to the growing number of natural gas projects as well as the identification of new oil fields, particularly in remote locations. Additionally, the depletion of existing oil & gas reserves in various countries across North America have created a demand for cross-border pipelines for the supply of oil & gas related products, which is boosting the growth of the North America 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 North America region. There are growing number of on-going and upcoming offshore oil & gas projects in North America which is anticipated to create huge opportunity in the North America offshore pipeline market during the forecast period.
Moreover, in case of COVID-19, The North America especially the US region witnessed an unprecedented rise in number of COVID cases, which disrupted its construction activities in the oil & gas sector and subsequently impacted the demand for offshore pipeline during the early months of 2020. Moreover, the considerable decline in overall global oil prices further restricted the oil & gas related projects and other activities that negatively influenced the demand for offshore pipelines. Similar trend was also witnessed in other North American countries i.e., Canada and Mexico. However, the countries are expected to overcome the swift drop in demand as the countries continue to open their economic activities especially in the recent months for revival of business activities which will escalate the North America offshore pipeline market.
Get more information on this report :
Market Overview and Dynamics
The North America offshore pipeline market is expected to grow from US$ 2,925.21 million in 2019 to US$ 3,391.55 million by 2027; it is estimated to grow at a CAGR of 2.1% from 2020 to 2027. Advancements in flexible pipe technology is expected to accelerate the North America offshore pipeline market. The offshore oil & gas industry across North America has been using flexible pipes since 1972. Since then, the demand for flexible pipes has steadily increased and diversified. There is an increase in demand for flexible pipe technology in the oil & gas industry in recent years owing to operators seeking operational efficiencies. Deeper water, higher pressure, higher temperatures, and aging infrastructure as well as complex chemistry build increasingly intense environments for the flexible pipe to resist. Also, more and more fields are insisting on the limitations of existing technology. Recently, in 2020, a North American company, Baker Hughes developed novel designs for flexible pipes used in the oil & gas industry. The new designs use carbon fiber composite materials. These pipes are lighter in weight and easy to install, requiring less equipment for installation purposes. Such advancements to boost productivity with increased flexibility, speed, and performance are expected to increase the demand of offshore pipelines in coming years, which will drive the North America offshore pipeline market.
Key Market Segments
In terms of diameter, the less than 24 inches’ segment accounted for the largest share of the North America offshore pipeline market in 2019. In terms of line type, the transport line segment held a larger market share of the North America offshore pipeline market in 2019. Further, the refined products segment held a larger share of the North America 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 North America 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 North America 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 North America offshore pipeline market
- Efficiently plan M&A and partnership deals in North America 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 North America offshore pipeline market
- Obtain market revenue forecast for market by various segments from 2020-2027 in North America region.
North America Offshore Pipeline Market Segmentation
North America Offshore Pipeline Market - By Diameter
- More than 24 inches
- Less than 24 inches
North America Offshore Pipeline Market - By Line Type
- Export Line
- Transport Line
- Others
North America Offshore Pipeline Market - By Product
- Oil
- Gas
- Refined Products
North America Offshore Pipeline Market - By Country
- US
- Canada
- Mexico
North America 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. North America Offshore Pipeline Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Offshore Pipeline Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Demand for Natural Gas and Crude Oil
5.1.2 Need for Safe, Cost-Effective, and Efficient Connectivity
5.2 Market Restraints
5.2.1 Problems Associated with Cross- Border Pipeline Transportation
5.3 Market Opportunities
5.3.1 Identification of New Oil & Gas Reserves
5.4 Future Trends
5.4.1 Advancements in Flexible Pipe Technology
5.5 Impact Analysis of Drivers and Restraints
6. Offshore Pipeline Market – North America Analysis
6.1 North America Offshore Pipeline Market Overview
6.2 North America Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
6.3 Market Positioning –Market Players Ranking
7. North America Offshore Pipeline Market Analysis – By Diameter
7.1 Overview
7.2 North America 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. North America Offshore Pipeline Market Analysis – By Line Type
8.1 Overview
8.2 North America 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. North America Offshore Pipeline Market Analysis – By Product
9.1 Overview
9.2 North America 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. North America Offshore Pipeline Market – Country Analysis
10.1 Overview
10.1.1 North America: Offshore Pipeline Market, by Key Country
10.1.1.1 US: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
10.1.1.1.1 US: Offshore Pipeline Market, by Diameter
10.1.1.1.2 US: Offshore Pipeline Market, by Line Type
10.1.1.1.3 US: Offshore Pipeline Market, by Product
10.1.1.2 Canada: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
10.1.1.2.1 Canada: Offshore Pipeline Market, by Diameter
10.1.1.2.2 Canada: Offshore Pipeline Market, by Line Type
10.1.1.2.3 Canada: Offshore Pipeline Market, by Product
10.1.1.3 Mexico: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
10.1.1.3.1 Mexico: Offshore Pipeline Market, by Diameter
10.1.1.3.2 Mexico: Offshore Pipeline Market, by Line Type
10.1.1.3.3 Mexico: Offshore Pipeline Market, by Product
11. Impact of COVID-19 Pandemic on North America Offshore Pipeline Market
11.1 North America: 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. North America Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Table 2. US: Offshore Pipeline Market, by Diameter –Revenue and Forecast to 2027 (US$ Million)
Table 3. US: Offshore Pipeline Market, by Line Type –Revenue and Forecast to 2027 (US$ Million)
Table 4. US: Offshore Pipeline Market, by Product –Revenue and Forecast to 2027 (US$ Million)
Table 5. Canada: Offshore Pipeline Market, by Diameter –Revenue and Forecast to 2027 (US$ Million)
Table 6. Canada: Offshore Pipeline Market, by Line Type –Revenue and Forecast to 2027 (US$ Million)
Table 7. Canada: Offshore Pipeline Market, by Product –Revenue and Forecast to 2027 (US$ Million)
Table 8. Mexico: Offshore Pipeline Market, by Diameter –Revenue and Forecast to 2027 (US$ Million)
Table 9. Mexico: Offshore Pipeline Market, by Line Type –Revenue and Forecast to 2027 (US$ Million)
Table 10. Mexico: Offshore Pipeline Market, by Product –Revenue and Forecast to 2027 (US$ Million)
Table 11. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Offshore Pipeline Market Segmentation
Figure 2. North America Offshore Pipeline Market Segmentation – By Country
Figure 3. North America Offshore Pipeline Market Overview
Figure 4. North America Offshore Pipeline Market Outlook
Figure 5. North America Offshore Pipeline Market – Diameter Analysis
Figure 6. North America Offshore Pipeline Market – Line Type Analysis
Figure 7. North America Offshore Pipeline Market – Product Analysis
Figure 8. North America Offshore Pipeline Market – Country Analysis
Figure 9. North America: PEST Analysis
Figure 10. North America Offshore Pipeline Market – Ecosystem Analysis
Figure 11. Expert Opinion
Figure 12. North America Offshore Pipeline Market Impact Analysis of Drivers and Restraints
Figure 13. North America Offshore Pipeline Market – Revenue and Forecast to 2027 (US$ Million)
Figure 14. North America Offshore Pipeline Market Revenue Share, by Diameter (2019 and 2027)
Figure 15. North America More than 24 inches: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 16. North America Less than 24 inches: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 17. North America Offshore Pipeline Market Revenue Share, by Line Type (2019 and 2027)
Figure 18. North America Export Line: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 19. North America Transport: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 20. North America Others: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 21. North America Offshore Pipeline Market Revenue Share, by Product (2019 and 2027)
Figure 22. North America Oil: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 23. North America Gas: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 24. North America Refined Products: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 25. North America: Offshore Pipeline Market Revenue Share, by Key Country (2019 and 2027)
Figure 26. US: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 27. Canada: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 28. Mexico: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 29. Impact of COVID-19 Pandemic in North American Country Markets
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 North America 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 North America 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 North America 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