LONDON--(BUSINESS WIRE)--Technavio has been monitoring the offshore oil and gas pipeline market and it is poised to grow by USD 2.79 bn during 2020-2024, progressing at a CAGR of over 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions:
- What are the major trends in the market?
Economic benefits of offshore pipelines other than oil and gas transportation modes is a major trend driving the growth of the market. - At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at (2.36)% and the incremental growth of the market is anticipated to be $ 2.79 bn. - Who are the top players in the market?
Allseas Group SA, ArcelorMittal SA, John Wood Group Plc, McDermott International Inc., PAO TMK, Saipem Spa, Subsea 7 SA, TechnipFMC Plc, Tenaris SA, and United Metallurgical Co. (OMK), are some of the major market participants. - What is the key market driver?
The increase in global energy demand is one of the major factors driving the market. - How big is the Europe market?
The Europe region will contribute 53% of the market share.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Allseas Group SA, ArcelorMittal SA, John Wood Group Plc, McDermott International Inc., PAO TMK, Saipem Spa, Subsea 7 SA, TechnipFMC Plc, Tenaris SA, and United Metallurgical Co. (OMK) are some of the major market participants. The increase in global energy demand will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Offshore Oil and Gas Pipeline Market 2020-2024: Segmentation
Offshore Oil and Gas Pipeline Market is segmented as below:
- Product
- Geography
- Europe
- MEA
- APAC
- South America
- North America
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Offshore Oil and Gas Pipeline Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The offshore oil and gas pipeline market report covers the following areas:
- Offshore Oil and Gas Pipeline Market Size
- Offshore Oil and Gas Pipeline Market Trends
- Offshore Oil and Gas Pipeline Market Industry Analysis
This study identifies the economic benefits of offshore pipelines than other oil and gas transportation modes as one of the prime reasons driving the offshore oil and gas pipeline market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Offshore Oil and Gas Pipeline Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist offshore oil and gas pipeline market growth during the next five years
- Estimation of the offshore oil and gas pipeline market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the offshore oil and gas pipeline market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of offshore oil and gas pipeline market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Gas - Market size and forecast 2019-2024
- Oil - Market size and forecast 2019-2024
- Market opportunity by Product
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- Europe - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Allseas Group SA
- ArcelorMittal SA
- John Wood Group Plc
- McDermott International Inc.
- PAO TMK
- Saipem Spa
- Subsea 7 SA
- TechnipFMC Plc
- Tenaris SA
- United Metallurgical Co. (OMK)
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Research Report: Offshore Oil and Gas Pipeline Market (2020-2024) | Increase in Global Energy Demand to Boost the Market Growth | Technavio - Business Wire
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