The APAC offshore pipeline market is expected to grow from US$ 2,188.82 million in 2019 to US$ 2,761.26 million by 2027; it is estimated to grow at a CAGR of 3.2 % from 2020 to 2027.
The Australia, China, India, Japan, and South Korea are major economies in APAC. Upgradation in flexible pipe technology is expected to escalate the APAC offshore pipeline market. The offshore oil & gas industry for APAC region 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, one of the largest oil field services company across APAC region, 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 developments to boost productivity with increased flexibility, speed, and performance etc. are expected to increase the demand of offshore pipelines, which will drive the APAC offshore pipeline marketFurthermore, in case of COVID-19, APAC is highly affected specially the China and India. The APAC region constitutes the world’s two most populated countries as well as prominent oil producing countries across the APAC region. China virtually imposed strict lockdown and social isolation, which stopped manufacturing activities which resulted in shrinking its country’s demand for oil and other energy commodities. Thus, the oil & gas construction activities across the Chinese region plummeted significantly which has negatively affected the offshore pipeline market across the country. Similarly, India also imposed a nationwide lockdown to control the growing number of COVID-19 cases. Subsequently, the lockdown and disruption of various manufacturing activities contributed significantly in reduced activities in oil & gas sector. Thus, the overall decline of activities in oil & gas industries collectively reduced the demand for offshore pipelines across the APAC countries during the early months of the 2020 due to the outbreak of virus in respective countries. The coronavirus outbreak's impact is anticipated to be quite severe in the year 2020 and likely in 2021. Hence, the ongoing COVID-19 crisis and critical situation in the China and India will impact the offshore pipeline market growth of the APAC region negatively for the next few quarters.
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 APAC offshore pipeline market. The APAC offshore pipeline market is expected to grow at a good CAGR during the forecast period.
APAC Offshore Pipeline Market Segmentation
APAC Offshore Pipeline Market – By Diameter
- More than 24 inches
- Less than 24 inches
APAC Offshore Pipeline Market – By Line Type
- Export Line
- Transport Line
- Others
APAC Offshore Pipeline Market – By Product
- Oil
- Gas
- Refined Products
APAC Offshore Pipeline Market, by Country
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
APAC 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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Diameter, Line Type, and Product
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, China, Japan, South Korea
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. APAC Offshore Pipeline Market Landscape
4.1 Market Overview
4.2 APAC PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. APAC Offshore Pipeline Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Upsurge in Demand for Natural Gas and Crude Oil
5.1.2 Necessity for Safe, Cost-Effective, and Efficient Connectivity
5.2 Market Restraints
5.2.1 Difficulties Related to Cross- Border Pipeline Transportation
5.3 Market Opportunities
5.3.1 New Oil & Gas Reserves Detection
5.4 Future Trends
5.4.1 Upgradation in Flexible Pipe Technology
5.5 Impact Analysis of Drivers and Restraints
6. Offshore Pipeline Market – APAC Analysis
6.1 APAC Offshore Pipeline Market Overview
6.2 APAC Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Market Players Ranking
7. APAC Offshore Pipeline Market Analysis – By Diameter
7.1 Overview
7.2 APAC 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. APAC Offshore Pipeline Market Analysis – By Line Type
8.1 Overview
8.2 APAC 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. APAC Offshore Pipeline Market Analysis – By Product
9.1 Overview
9.2 APAC 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. APAC Offshore Pipeline Market – Country Analysis
10.1 Overview
10.1.1 APAC: Offshore Pipeline Market, by Key Country
10.1.1.1 China: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
10.1.1.1.1 China: Offshore Pipeline Market, by Diameter
10.1.1.1.2 China: Offshore Pipeline Market, by Line Type
10.1.1.1.3 China: Offshore Pipeline Market, by Product
10.1.1.2 Japan: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
10.1.1.2.1 Japan: Offshore Pipeline Market, by Diameter
10.1.1.2.2 Japan: Offshore Pipeline Market, by Line Type
10.1.1.2.3 Japan: Offshore Pipeline Market, by Product
10.1.1.3 India: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
10.1.1.3.1 India: Offshore Pipeline Market, by Diameter
10.1.1.3.2 India: Offshore Pipeline Market, by Line Type
10.1.1.3.3 India: Offshore Pipeline Market, by Product
10.1.1.4 Australia: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
10.1.1.4.1 Australia: Offshore Pipeline Market, by Diameter
10.1.1.4.2 Australia: Offshore Pipeline Market, by Line Type
10.1.1.4.3 Australia: Offshore Pipeline Market, by Product
10.1.1.5 South Korea: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
10.1.1.5.1 South Korea: Offshore Pipeline Market, by Diameter
10.1.1.5.2 South Korea: Offshore Pipeline Market, by Line Type
10.1.1.5.3 South Korea: Offshore Pipeline Market, by Product
10.1.1.6 Rest of APAC: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
10.1.1.6.1 Rest of APAC: Offshore Pipeline Market, by Diameter
10.1.1.6.2 Rest of APAC: Offshore Pipeline Market, by Line Type
10.1.1.6.3 Rest of APAC: Offshore Pipeline Market, by Product
11. Impact of COVID-19 Pandemic on APAC Offshore Pipeline Market
11.1 APAC: 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. APAC Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Table 2. China: Offshore Pipeline Market, by Diameter –Revenue and Forecast to 2027 (US$ Million)
Table 3. China: Offshore Pipeline Market, by Line Type –Revenue and Forecast to 2027 (US$ Million)
Table 4. China: Offshore Pipeline Market, by Product –Revenue and Forecast to 2027 (US$ Million)
Table 5. Japan: Offshore Pipeline Market, by Diameter –Revenue and Forecast to 2027 (US$ Million)
Table 6. Japan: Offshore Pipeline Market, by Line Type –Revenue and Forecast to 2027 (US$ Million)
Table 7. Japan: Offshore Pipeline Market, by Product –Revenue and Forecast to 2027 (US$ Million)
Table 8. India: Offshore Pipeline Market, by Diameter –Revenue and Forecast to 2027 (US$ Million)
Table 9. India: Offshore Pipeline Market, by Line Type –Revenue and Forecast to 2027 (US$ Million)
Table 10. India: Offshore Pipeline Market, by Product –Revenue and Forecast to 2027 (US$ Million)
Table 11. Australia: Offshore Pipeline Market, by Diameter –Revenue and Forecast to 2027 (US$ Million)
Table 12. Australia: Offshore Pipeline Market, by Line Type –Revenue and Forecast to 2027 (US$ Million)
Table 13. Australia: Offshore Pipeline Market, by Product –Revenue and Forecast to 2027 (US$ Million)
Table 14. South Korea: Offshore Pipeline Market, by Diameter –Revenue and Forecast to 2027 (US$ Million)
Table 15. South Korea: Offshore Pipeline Market, by Line Type –Revenue and Forecast to 2027 (US$ Million)
Table 16. South Korea: Offshore Pipeline Market, by Product –Revenue and Forecast to 2027 (US$ Million)
Table 17. Rest of APAC: Offshore Pipeline Market, by Diameter –Revenue and Forecast to 2027 (US$ Million)
Table 18. Rest of APAC: Offshore Pipeline Market, by Line Type –Revenue and Forecast to 2027 (US$ Million)
Table 19. Rest of APAC: Offshore Pipeline Market, by Product –Revenue and Forecast to 2027 (US$ Million)
Table 20. List of Abbreviation
LIST OF FIGURES
Figure 1. APAC Offshore Pipeline Market Segmentation
Figure 2. APAC Offshore Pipeline Market Segmentation – By Country
Figure 3. APAC Offshore Pipeline Market Overview
Figure 4. APAC Offshore Pipeline Market Outlook
Figure 5. APAC Offshore Pipeline Market – Diameter Analysis
Figure 6. APAC Offshore Pipeline Market – Line Type Analysis
Figure 7. APAC Offshore Pipeline Market – Product Analysis
Figure 8. APAC Offshore Pipeline Market – Country Analysis
Figure 9. APAC: PEST Analysis
Figure 10. APAC Offshore Pipeline Market – Ecosystem Analysis
Figure 11. Expert Opinion
Figure 12. APAC Offshore Pipeline Market Impact Analysis of Drivers and Restraints
Figure 13. APAC: Offshore Pipeline Market – Revenue and Forecast to 2027 (US$ Million)
Figure 14. APAC Offshore Pipeline Market Revenue Share, by Diameter (2019 and 2027)
Figure 15. APAC More than 24 inches: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 16. APAC Less than 24 inches: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 17. APAC Offshore Pipeline Market Revenue Share, by Line Type (2019 and 2027)
Figure 18. APAC Export Line: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 19. APAC Transport: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 20. APAC Others: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 21. APAC Offshore Pipeline Market Revenue Share, by Product (2019 and 2027)
Figure 22. APAC Oil: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 23. APAC Gas: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 24. APAC Refined Products: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 25. APAC: Offshore Pipeline Market Revenue Share, by Key Country (2019 and 2027)
Figure 26. China: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 27. Japan: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 28. India: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 29. Australia: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 30. South Korea: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 31. Rest of APAC: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 32. Impact of COVID-19 Pandemic in APAC Country Market
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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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