Market Highlights

Pipe laying vessel market size is projected to reach USD 3.84 Billion by 2024 from an estimated USD 2.08 billion with 12% CAGR from 2021 to 2027.

GLOBAL PIPE LAYING VESSEL MARKET, 2019–2024
  Pipe Laying Vessel Market_Image

Asia-Pacific held the largest share of the global pipe laying vessel market in 2018: MRFR

The global pipe laying vessel market has been segmented into five regions, which are Asia-Pacific, North America, Europe, the Middle East & Africa, and South America. In 2018, Asia-Pacific held the largest share of the global pipe laying vessel market, mainly due to the increasing energy demand and stabilizing oil prices that has led the countries in Asia-Pacific to increase spending on exploration and production. The region is also expected to be the fastest growing market during the forecast period. Within Asia-Pacific, China is likely to hold the largest share during the forecast period owing to the increased offshore crude oil production. Similarly, countries such as Japan, India, and Australia are witnessing a growth in oil production activities leading to the growth of the pipe laying vessel market in the region.

Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/8096

The market in North America is expected to be the second largest owing to an increase in the production of oil and natural gas. The US market is expected to dominate the North America market during the forecast period. According to Energy Information Administration (EIA), the US is expected to become net exporter of petroleum between 2020 and 2049. Moreover, the oil and natural gas resources discoveries in deep-water in the Gulf of Mexico is expected to reach offshore production of 2.5 million barrels per day in 2022. Europe is also expected to grow at a significant rate owing to many advanced offshore production technologies being introduced by some of the key players in Europe, such as Subsea 7, Allseas, and TechnipFMC. Similarly, countries such as Saudi Arabia and Brazil are expected to dominate the pipe laying vessel market in the Middle East & Africa and South America, respectively.

On the basis of depth, the global market is divided into shallow water and deep water. The shallow water segment is expected to dominate the market during the forecast period due to large number of shallow water projects in Asia-Pacific, North America, and Europe. On the basis of installation, the global market is segmented as J-Lay barge, S-Lay barge, and reel barge. The J-Lay segment is expected to dominate the global market during the forecast period. On the basis of positioning system, the global market has been divided into anchor system and dynamic positioning system. The dynamic positioning segment is expected to dominate the global pip laying vessel market during the forecast period.

The global pipe laying vessel market is expected to grow with a 6.34% CAGR during the forecast period.

Key Players

The key players operating in the global pipe laying vessel market are Allseas (Switzerland), Tidewater, Inc. (US), Subsea 7 (UK), Van Oord (Netherlands), TechnipFMC plc (UK), Saipem (Italy), Boskalis (Netherlands), Seacor Marine (US), Gulfmark Offshore, Inc. (US), Hyundai Heavy Industries (South Korea), and DSME (South Korea).

Purchase Report @ https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=8096

Drivers
  Drivers

Scope of the Report

This report provides an in-depth analysis of the global pipe laying vessel market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size and share for North America, Asia-Pacific, Europe, the Middle East & Africa, and South America. The report also presents a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global pipe laying vessel market by installation, positioning system, depth, and region.

 

  • By Installation
    • J-Lay Barges
    • S-Lay Barges
    • Reel Barges
  • By Positioning System
    • Dynamic Positioning System
    • Anchor System
  • By Depth
    • Shallow water
    • Deepwater
  • By Regions
    • North America 
    • Asia-Pacific 
    • Europe
    • Middle East & Africa
    • South America

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/pipe-laying-vessel-market-8096

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Follow Us: LinkedIn | Twitter

Contact:

Market Research Future
Phone:
+1 628 258 0071(US) 
+44 2035 002 764(UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com