Pipe Laying Vessel Market Overview
The Pipe Laying Vessel market is a segment of the offshore support vessels industry that specializes in the installation of subsea pipelines for the oil and gas industry. These vessels are equipped with specialized equipment, including pipe-laying machinery, cranes, and other related tools and equipment.
The market for pipe-laying vessels is driven by the growing demand for oil and gas, particularly in developing economies such as India and China. The expansion of offshore oil and gas exploration and production activities, the increasing number of deepwater and ultra-deepwater projects.
The Pipe Laying Vessel Market size is projected to be worth USD 4,752.4 million by 2030, registering a CAGR of 9.2% during the forecast period (2022–2030).
Our Market Overview and Regional Analysis provide an understanding of the industries, companies and products within the market. Our Trends section provides an analysis of how the market is currently performing and looks set to perform in the future. Our Growth Forecast section gives you an idea about how our Market Analysis works, by giving us further details on how we can build our Market Forecast model for a particular domain within this report. Lastly, in our Metrics section we outline important data points relating to each of these sections as well as our current forecasted price range.
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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 Vessel 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.
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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 Vessel market worldwide is divided into two categories based on positioning system: anchor system and dynamic positioning system.
- By Depth
The Pipe Laying Vessel market is divided into shallow water and deep water based on depth.
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)
