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.
The UK, Germany, France, Italy, Russia, and Norway are major economies in Europe. Demand for safe, cost-effective, and efficient connectivity of pipelines is expected to accelerate the Europe offshore pipeline market. Presently, several advancements in technology are taking place, intending to enhance the efficiency, safety, and reliability of offshore pipelines. For instance, the development of hydrate-phobic coating for the construction of methane hydrates in the deep sea. These crystals can develop inside underwater pipes and block the flow of oil & gas. Moreover, several companies across Europe region are focused on the development of innovative coatings, which would primarily evade corrosion of pipes. For instance, in April 2020, material scientists in Europe developed a super hydrophobic coating for offshore drilling pipes. The coating moderates or avoids hydrates as well as other deposits from cohering to subsea pipelines. Such developments focused on enhancing the robustness of offshore oil & gas pipelines are expected to surge investments in offshore pipelines compared to other modes of oil & gas transportation, thereby boosting the Europe offshore pipeline marketFurthermore, 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.
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 Europe offshore pipeline market. The Europe offshore pipeline market is expected to grow at a good CAGR during the forecast period.
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 - 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
UK, Germany, France, Italy, Russia
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
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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