The offshore pipeline market will grow at a rate of 4.10%by the end of this decade, to reach a value of USD 18,716 million by 2030. The increasing requirement for crude oil and natural gas, particularly from APAC, along with a mounting emphasis on secure, affordable, and safe connections for gas and oil resource supply, will drive the industry.

The offshore pipeline industry will get major investments in North America. For coping with the increasing requirement for petroleum products, the U.S. is concentrating on shale gas and oil production. Services for pipeline sector are vital to decreasing transportation risks, guaranteeing structural integrity, and protecting assets and people.

For preventing geo-hazardous conditions along the pipeline and protect it from corrosion, these services are tremendously important.

Browse detailed report - Offshore Pipeline Market Analysis and Demand Forecast Report

The NFE and NFS development projects will power the State of Qatar's ability for producing LNG from 77 million tons per year to 126 MTPA, which would make it the major LNG project at a global level.

Due to the increasing requirement for oil and gas all over the world, and the discovery of offshore hydrocarbon reserves, the requirement for offshore pipeline is on the rise. This trend will also continue in the years to come as well, as there is absolutely no stopping the use of oil and gas as a fuel, all over the world.