February 19, 2025
Offshore Pipeline Market

Offshore Pipeline Market is Expected to be Flourished by Growing Demand for Minimizing Carbon Footprint

Offshore pipelines are subsea pipelines used to transport oil, gas and other fluids from offshore oil and gas production facilities to onshore processing facilities or other pipelines. These pipelines play a crucial role in meeting the ever-increasing energy demand globally, while minimizing carbon footprint of fossil fuel transportation. Offshore pipelines offer cost-effective transportation over long distances as compared to tankers or other modes. The global offshore pipeline market is driving the growth of subsea infrastructure development projects across oil & gas producing regions.

The global offshore pipeline market is estimated to be valued at US$ 15.05 billion in 2023 and is expected to exhibit a CAGR of 8.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics

One of the major drivers for the offshore pipeline market is the growing demand for reducing carbon footprint from transportation of oil and gas. Offshore pipelines help transport large volumes of hydrocarbons over long distances very efficiently while generating significantly lower greenhouse gas emissions as compared to marine tankers. This makes offshore pipelines an attractive option to meet the world’s growing energy needs in an environmentally sustainable manner. Additionally, offshore pipelines also face fewer geopolitical risks associated with oil transportation through shipping lanes, thereby ensuring secure energy supply. The cost advantages of offshore pipelines over other modes also encourages oil and gas producing companies to increasingly incorporate offshore pipelines into their infrastructure development strategies. Though high initial capital investments remain a challenge, the long-term cost benefits and ability to maximize reserves recovery is propelling investments in technologically advanced offshore pipelines globally.

Segment Analysis

The global offshore pipeline market is segmented into product type, materials, application, and region. Based on the product type, the market is segmented into export line, transportation line, import line, and others. The export line segment dominates the market as offshore pipelines are majorly used for the export of crude oil and natural gas from offshore oil and gas fields to onshore facilities.

PEST Analysis

Political: The governments are increasingly investing in the construction of new offshore pipelines for both oil and gas transport. This helps increase their energy security and fuel supply.

Economic: Rising energy demand globally is fueling investments in new offshore oil and gas extraction projects. This is positively impacting the demand for offshore pipelines for transporting the produced oil and gas resources.

Social: There is a growing emphasis on developing cleaner energy resources. This is increasing investments in offshore natural gas pipeline projects as natural gas emits lower emissions than oil or coal.

Technological: Advancements in materials, pipeline coatings, and installation methods are allowing construction of longer and deeper water offshore pipelines. This is extending the potential for new offshore oil and gas development.

Key Takeaways

The Global Offshore Pipeline Market Size is expected to witness high growth over the forecast period driven by rising investments in offshore oil and gas production activities.

Regional analysis

The Asia Pacific region accounts for over 30% of the global offshore pipeline market share led by China and India. China has been extensively developing its offshore oil and gas reserves in the South China Sea region which is fueling investments in new offshore pipeline projects. Meanwhile, India has also announced ambitious plans to double its domestic natural gas pipeline infrastructure by 2024 which will boost the offshore pipeline sector.

Key players

Key players operating in the offshore pipeline market are Becton, Dickinson and Company, Pfizer Inc., Novo Nordisk A/S, Gerresheimer AG, B. Braun Medical Inc., Grifols S.A, Baxter International, Inc., Fresenius Kabi AG, Mylan N.V., Bayer AG, F. Hoffmann-La Roche AG, Farmoquimica S.A.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it

Money Singh
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Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. 

Money Singh

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. 

View all posts by Money Singh →