Global Offshore Oil and Gas Pipeline Market to Grow by $3.75 Billion During 2023-2027

The global offshore oil and gas pipeline market is poised to grow by $3,754.62 million during 2023-2027, accelerating at a CAGR of 5.3% during the forecast period. The market is driven by the economic benefits of offshore pipelines than other oil and gas transportation modes, the surge in E&P activities, and rising global energy demand.

This report on the offshore oil and gas pipeline market provides a holistic analysis, market size, and forecast. Moreover are trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment.

The offshore oil and gas pipeline market is segmented as below:

Product

• Oil
• Gas

Sector

• Upstream
• Midstream
• Downstream

Geography

• Europe
• Middle East and Africa
• APAC
• South America
• North America

This study identifies the advents in offshore pipeline inspection as one of the prime reasons driving the offshore oil and gas pipeline market growth during the next few years. Also, technological advents in offshore oil and gas pipelines and the increasing number of cross-border offshore oil and gas pipelines will lead to sizable demand in the market.

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Source: BusinessWire

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