Pipe Laying Vessel Market Current Trends, SWOT Analysis, Strategies, Industry Challenges, Business Overview And Forecast Research Study Till 2030

 

Pipe Laying Vessel Market Overview

Pipe Laying Vessel Market size will grow at a 12% CAGR to reach USD 3.84 billion by 2027. The pipe-laying vessels market is expanding as a result of rising production and investigational activities as well as rising spending in the offshore oil and gas region.

A pipe-laying vessel is a type of maritime vessel that is used to build undersea infrastructure. It serves to link the oil industry's agenda with onshore refineries. A specific pipe-laying vessel transfers a giant lift crane, used to install pumps and valves, as well as equipment to install pipe joining underwater structures. This is to achieve this purpose.

The rigorous lockdowns and company closures caused by the COVID 19 epidemic have had a significant negative impact on the world economy. One of the key sectors that guarantee supply chain breaks and industrial disruptions as a result of these restrictions is the global market for pipe laying vessels. The lockdown of various facilities and plants in key regions harms production, delivery schedules, and product sales, as well as worldwide supply networks.

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The utilization of such technology in offshore oil and gas exploration operations is one of the main factors driving the pipe-laying vessel industry. The gap between supply and demand for electricity has widened as a result of the growing global population. As a result, countries across the world are investing in offshore exploration to become fuel independent and ensure their energy security in the future. In light of the recent discovery of oil and gas exploration opportunities in super deep waters, the expansion of the pipe-laying vessel market is considered essential.

Regional Analysis

The biggest market share for pipe laying vessels is found in the Asia-Pacific. The main factor propelling the pipe laying vessel market in the Asia-Pacific is the rising investment in oil and gas drilling activities in the region. Throughout the projected period, China is likely to dominate the Asia Pacific pipe installation vessel market.

By 2022, it is anticipated that the oil and gas sector in India will bring in USD 25 billion for exploration. In a similar vein, rising energy consumption in nations like Indonesia, Australia, and India is likely to fuel market expansion in the Asia-Pacific region. Additionally, due to the increasing emphasis on developing offshore reserves to replace aging onshore fields.

Market Segment

●       By Installation

J-lay barges, S-lay barges, and reel barges are the three installation-based subsectors of the global pipe laying vessel industry.

●       By Positioning System

The pipe laying vessels market worldwide is divided into two categories based on positioning system: anchor system and dynamic positioning system.

●       By Depth

The pipe laying vessels market is divided into shallow water and deep water based on depth.

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Industry News

With unique capabilities in the design and execution of massive offshore and onshore projects, Saipem is a global leader in the provision of engineering and drilling services. Saipem initially broadened its reach through the Mediterranean, where it accomplished significant and difficult plans from North Africa to Europe.

The Skandi Olinda, a lay and construction vessel flying the Brazilian flag, was delivered by DOF Subsea and TechnipFMC in February 2019 to begin their 8-year contract with Petrobras.

In 2019, Subsea 7 agreed to provide reeled pipe lay vessels for two offshore projects, one each in Australia and Senegal.

Key Players

• Subsea 7 (UK)
• Allseas (Switzerland)
• Tidewater Inc. (US)
• TechnipFMC plc (UK)
• Saipem (Italy)
• Gulfmark Offshore Inc. (US)
• Seacor Marine (US)
• Van Oord (Netherlands)
• Boskalis (Netherlands)
• Hyundai Heavy Industries (South Korea)
• DSME (South Korea)