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)
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.
Get more information on this report :
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:
- 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 Europe 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 Europe 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 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