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Offshore Pipeline Infrastructure Market report for 2019-2025 – companies, applications, products and more

Author : Rahul Sankrityayan | Published Date : 2019-09-13 

Global Market Insights adds global Offshore Pipeline Infrastructure Market report which focuses on the major drivers and restraints for the key players. It also provides analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.

Escalating demand for energy led by increasing global population will drive the offshore pipeline infrastructure market growth. Rapid commercialization and industrialization across emerging nations will complement the business outlook. Respective governments have set plans to improve the gas accessibility across the consumer end. In addition, need to improve the degrading infrastructure will positively enhance the industry outlook.

Declining production from onshore hydrocarbon reserves resulting in growing focus toward extraction of subsea and offshore resources will propel the offshore pipeline infrastructure market. In addition, rapid technological advancements along with adoption of innovative digital technologies have made possible the economic recovery of deep and ultra deep fields. Furthermore, extensive asset management and reservoir optimization techniques have enabled the operators in handling the critical deep-water reservoirs.

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Recovering oil prices along with active investments toward exploration and production activities will propel the offshore pipeline infrastructure market growth. Rapid discoveries of O&G reserves along with need for reliable infrastructure to bring the resources from new platforms will augment the industry landscape. In 2019, Repsol and Exxon Mobil came into joint venture for developing the subsea reserves across the Caribbean Sea.

The offshore pipeline infrastructure market is anticipated to grow on account of booming production from unconventional hydrocarbon resources include shale gas and tight oil. The pipelines offer added advantages over other alternatives including low operating cost, efficient and safe transportation. Furthermore, growing requirement of additional pipeline network along with replumbing of existing network will complement the industry landscape.

Ongoing development on international projects in order to facilitate the import and export of hydrocarbons will foster the offshore pipeline infrastructure market. Rapid globalization coupled with improving trade relationships amongst the industry players will augment the industry landscape. Majority of the European nations are developing new pipelines in order to minimize their import dependency and ensure energy security.

Ongoing expansion of industries along with growing demand across major businesses including, petrochemical, power and manufacturing will propel the Asia Pacific offshore pipeline infrastructure market. Increasing energy consumption primarily across China and India will positively enhance the business outlook.

Eminent players operating across the offshore pipeline infrastructure industry include Europipe, Enbridge, GAIL, Gazprom, APA Group, CRC Evans Pipeline, Snam Rete, Redexis, General Electric, Technip, Saipem, DCP Midstream, MRC Global, Chelpipe, Engas, Welspun andNational Oilwell Varco.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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