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The market size for pipe laying vessels was estimated at USD 2.3 billion in 2022. Pipe laying vessels are expected to experience a compound annual growth rate (CAGR) of 10.20% between 2023 and 2030, rising from USD 2.51 billion in 2023 to USD 5.078 billion by that time.
The primary market forces causing market expansion are increased manufacturing and research efforts. The escalating expenses in the offshore oil and gas industry are a major element boosting demand for these ships on a global scale.
The world's two largest consumers of oil and gas, China and the US, as well as other countries, are increasing their investments in renewable sectors year over year in order to improve their production techniques for offshore oil exploration. In 2021, there had been more than 820 billion USD invested globally, a nearly 5% rise. Renewable investment has thrived in economies with established supply chains, reduced costs, and legal frameworks that permit for the transparency of cash flow, as well as in markets where bankers and financiers that have a solid understanding of these industries hunt for sustainable projects to support them.
Furthermore, as the world's population has increased, so has the disparity between supply and demand for power. Countries all over the world are investing in offshore exploration to become fuel independent and maintain their energy security in the future. The market for pipe laying vessels is regarded as crucial given the recent finding of oil and gas development sites in ultra-deep waters. Additionally, rising offshore capital expenditures, a rise in oil rigs, and new oil platform installation plans would propel the demand for pipe-lay vessel operators.
Deep-water areas are also increasingly becoming the preferred location for global oil and gas development. They are a significant factor in the growth of oil and gas reserves and production. Most of the world's deep-water oil and gas discoveries during the past 40 years have occurred in five deep-water basin groups. Massive oil discoveries in deep-water basins of the Atlantic Ocean are mostly concentrated in Brazil, West Africa, and the Gulf of Mexico. The majority of large natural gas discoveries have been made off the west coast of Norway in the northern Atlantic Ocean. In the deep-water basins of Tanzania and Rovuma, which are located along the East African continental coast, enormous gas reserves have been found. The South China Sea and Southeast Asian regions are primarily the focus of massive oil and gas discoveries in deep-water basins of the West Pacific Ocean. Furthermore, the majority of the world's deep-water oil reserves are found in the central and southern Atlantic Ocean basins. Due to the comparatively high degree of exploration in these deep-water basins, it is projected that the market for pipe laying vessels will expand. driving the market revenue for pipe laying boats.
Report Coverage
Global Pipe Laying Vessels research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Pipe Laying Vessels report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Pipe Laying Vessels competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Pipe Laying Vessels market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Pipe Laying Vessels market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Pipe Laying Vessels market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Subsea 7 (London), Allseas (US), Tidewater, Inc (US), TechnipFMC Plc (New Castle), Saipem (Milan), Seacor Marine (Texas, US), Van Oord (Netherlands), Boskalis (Netherlands), Hyundai Heavy Industries (South Korea), Royal IHC (Netherlands), Telford Offshore (UAE), and Leighton Offshore (Hing Kong)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Pipe Laying Vessels market based on the below-mentioned segments:
Global Pipe Laying Vessels Market, By Installation
J-lay Barges
S-lay Barges
Reel Barges
Global Pipe Laying Vessels market, By Positioning System
Anchor System
Dynamic Positioning System
Global Pipe Laying Vessels market, Regional Analysis
The primary market forces causing market expansion are increased manufacturing and research efforts. The escalating expenses in the offshore oil and gas industry are a major element boosting demand for these ships on a global scale.
The world's two largest consumers of oil and gas, China and the US, as well as other countries, are increasing their investments in renewable sectors year over year in order to improve their production techniques for offshore oil exploration. In 2021, there had been more than 820 billion USD invested globally, a nearly 5% rise. Renewable investment has thrived in economies with established supply chains, reduced costs, and legal frameworks that permit for the transparency of cash flow, as well as in markets where bankers and financiers that have a solid understanding of these industries hunt for sustainable projects to support them.
Furthermore, as the world's population has increased, so has the disparity between supply and demand for power. Countries all over the world are investing in offshore exploration to become fuel independent and maintain their energy security in the future. The market for pipe laying vessels is regarded as crucial given the recent finding of oil and gas development sites in ultra-deep waters. Additionally, rising offshore capital expenditures, a rise in oil rigs, and new oil platform installation plans would propel the demand for pipe-lay vessel operators.
Deep-water areas are also increasingly becoming the preferred location for global oil and gas development. They are a significant factor in the growth of oil and gas reserves and production. Most of the world's deep-water oil and gas discoveries during the past 40 years have occurred in five deep-water basin groups. Massive oil discoveries in deep-water basins of the Atlantic Ocean are mostly concentrated in Brazil, West Africa, and the Gulf of Mexico. The majority of large natural gas discoveries have been made off the west coast of Norway in the northern Atlantic Ocean. In the deep-water basins of Tanzania and Rovuma, which are located along the East African continental coast, enormous gas reserves have been found. The South China Sea and Southeast Asian regions are primarily the focus of massive oil and gas discoveries in deep-water basins of the West Pacific Ocean. Furthermore, the majority of the world's deep-water oil reserves are found in the central and southern Atlantic Ocean basins. Due to the comparatively high degree of exploration in these deep-water basins, it is projected that the market for pipe laying vessels will expand. driving the market revenue for pipe laying boats.
Report Coverage
Global Pipe Laying Vessels research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Pipe Laying Vessels report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Pipe Laying Vessels competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Pipe Laying Vessels market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Subsea 7 (London), Allseas (US), Tidewater, Inc (US), TechnipFMC Plc (New Castle), Saipem (Milan), Seacor Marine (Texas, US), Van Oord (Netherlands), Boskalis (Netherlands), Hyundai Heavy Industries (South Korea), Royal IHC (Netherlands), Telford Offshore (UAE), and Leighton Offshore (Hing Kong) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Pipe Laying Vessels Market from 2021 to 2030.
- Market Forecast for Pipe Laying Vessels Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Pipe Laying Vessels competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Pipe Laying Vessels
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Pipe Laying Vessels market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Pipe Laying Vessels market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Subsea 7 (London), Allseas (US), Tidewater, Inc (US), TechnipFMC Plc (New Castle), Saipem (Milan), Seacor Marine (Texas, US), Van Oord (Netherlands), Boskalis (Netherlands), Hyundai Heavy Industries (South Korea), Royal IHC (Netherlands), Telford Offshore (UAE), and Leighton Offshore (Hing Kong)
Primary Target Market
- Market Players of Pipe Laying Vessels
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Pipe Laying Vessels market based on the below-mentioned segments:
Global Pipe Laying Vessels Market, By Installation
J-lay Barges
S-lay Barges
Reel Barges
Global Pipe Laying Vessels market, By Positioning System
Anchor System
Dynamic Positioning System
Global Pipe Laying Vessels market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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