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)
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.
The US, Canada, and Mexico are major economies in North America. Growing demand for natural gas and crude oil across North America is expected to upsurge the North America offshore pipeline market. The demand for natural gas and crude oil is witnessing a constant increase across the North America. The robust increase in petrochemical demand in the US 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 North America offshore pipeline market. Moreover, the growth in air traffic volumes across North America, particularly in US, is another significant factor resulting in increased oil consumption. The outbreak of the COVID-19 pandemic has led to a downturn in oil demand; however, it is expected that North America energy demand would witness constant growth in the mid-term and long-term period. Rise in demand for oil & gas is attributed to increasing industrialization and urbanization. Several oil & gas companies across North America are focused on increasing their offshore exploration & production (E&P) activities to fulfil the constantly increasing energy demand. One of the significant oil & gas pipeline project across North America expected in 2020 is Alaska LNG Liquefaction Plant (US). Rising demand for oil & gas due to rise in passengers as well as vehicles resulted in increased exploration & production activities, which, in turn, is supporting the growth of the North America offshore pipeline market.
Furthermore, 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.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America offshore pipeline market. The North America offshore pipeline market is expected to grow at a good CAGR during the forecast period.
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 - Companies Mentioned
- 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