Offshore Pipeline Market Size

Statistics for the 2023 & 2024 Offshore Pipeline market size, created by Mordor Intelligence™ Industry Reports. Offshore Pipeline size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Offshore Pipeline Industry

Offshore Pipeline Market Summary
Study Period 2019-2029
Market Size (2024) USD 15.73 Billion
Market Size (2029) USD 22.17 Billion
CAGR (2024 - 2029) 7.11 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Offshore Pipeline Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Offshore Pipeline Market Analysis

The Offshore Pipeline Market size is estimated at USD 15.73 billion in 2024, and is expected to reach USD 22.17 billion by 2029, growing at a CAGR of 7.11% during the forecast period (2024-2029).

Over the long term, factors such as increasing demand for crude oil and natural gas, especially from the Asia-Pacific region, and growing emphasis on safe, economic, and reliable connectivity for oil and gas exploration are expected to drive the market during the forecast period.

On the other hand, technical challenges like construction, deep-water challenges, and high construction costs are expected to restrain market growth.

Nevertheless, increasing oil and gas imports in the European and Asia-Pacific regions through subsea (offshore) pipelines are expected to create huge opportunities for the offshore pipeline market during the forecast period.

North America, led by the United States and Canada, would likely dominate the offshore pipeline market during the forecast period due to the increased offshore exploration activities.

Offshore Pipeline Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)