Offshore Pipeline Infrastructure Market Size

Offshore Pipeline Infrastructure Market is poised to expand at a notable CAGR from 2024 to 2032. The rising investments for the replacement of aging oil & gas infrastructure is boosting the demand for reliable pipeline networks to facilitate efficient, streamlined, and economical transportation of fuels.

With critical technological breakthroughs and declining costs, a multitude of oil & gas companies are focusing on expanding their portfolio of sustainable deep water and ultradeep water developments. The thriving offshore oil exploration and production operations are also necessitating significant pipeline networks to transport extracted hydrocarbons to onshore facilities. Furthermore, government assistance, regulatory frameworks, and commercial activities will propel the pipeline construction for the efficient transfer of offshore oil resources, propelling the market growth.

Offshore Pipeline Infrastructure Market Trends

The rising risks associated with spillages is contributing to the higher preference for offshore pipeline infrastructure as a suitable solution for the transportation of oil and gas compared to the ships. These networks are also unaffected by cyclones, tides, and other factors. With the global economies recovering from the effects of inflation, the oil demand is further increasing, subsequently drawing the interest of potential acquirers.

Offshore Pipeline Infrastructure Market Analysis

The gas type segment will expand substantially through 2032. The increasing acceptance of natural gas liquid is spurring investments in the development of reliable and efficient piping infrastructure for transportation of LNG. To cite an instance, in May 2023, Equinor made an investment decision for an oil and gas project in Brazil's Campos Basin, emerging first in the nation to treat gas offshore and connect it to the national grid without additional onshore processing.

In terms of region, North America offshore pipeline infrastructure industry size will grow at a steady CAGR between 2024 and 2032. The higher availability of abundant offshore oil and gas reserves, particularly in the Gulf of Mexico, is driving investments in pipeline infrastructure. Additionally, the growing demand for cleaner energy sources, including offshore wind projects will further stimulate infrastructure development across American countries.

Offshore Pipeline Infrastructure Market Share

Major firms operating in the offshore pipeline infrastructure are taking proactive initiatives for expanding and upgrading their offshore pipeline networks. Enbridge Offshore Pipelines, one of the biggest gas transporters in Gulf of Mexico, manages over 40% of total offshore natural gas production as well as beyond 50% of deepwater natural gas production. To cater to the rising demands of new developments in deepwater areas, Enbridge also is planning various major new growth projects.

Offshore Pipeline Infrastructure Market Companies

Some of major offshore pipeline infrastructure industry players include:

• Technip
• CRC Evans Pipeline
• APA Group
• General Electric
• Saipem (Eni)
• MRC Global
• National Oilwell Varco
• Welspun
• Engas
• Chelpipe
• DCP Midstream
• Redexis
• Snam Rete
• Gazprom, GAIL
• Europipe
  

Offshore Pipeline Infrastructure Industry News 

• In January 2024, Enbridge revealed plans to continue its offshore wind investments in France, and not target the U.S., where costs and supply chain issues have contributed to offshore, projects failing.