Global offshore pipelines market to reach US$17.8 billion by 2027

The report states that amid the COVID-19 crisis, the global market for offshore pipelines (estimated at US$12.6 billion in the year 2020) is projected to reach a revised size of US$17.8 billion by 2027, growing at a CAGR of 5% over the analysis period 2020 - 2027.

Oil is projected to record a 3.7% CAGR and reach US$6.9 billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the refined products segment is readjusted to a revised 6.9% CAGR for the next seven year period.

The report covers:

• Impact of COVID-19 and a looming global recession.
• Global competitor market shares.
• Offshore pipelines competitor market share scenario worldwide.
• Global competitor market shares by segment.

34 companies are featured, including:

• Atteris.
• Cortez Subsea.
• Enbridge Inc.
• Fugro.
• John Wood Group PLC.
• McDermott.
• Penspen.
• Petrofac Limited.
• Saipem.
• Sapura Energy Berhad.
• Senaat.
• Subsea 7 S.A.
• TechnipFMC Plc.
• Wood Group.

Read the article online at: https://www.worldpipelines.com/project-news/18032021/global-offshore-pipelines-market-to-reach-us178-billion-by-2027/