Pipe Laying Vessels Market Insights

The global Pipe Laying Vessels Market is estimated to be worth USD 4.75 Billion by 2030, registering a 9.2% CAGR during the forecast period (2022- 2030).

The enhancements in offshore oil exploration and production technologies call for the development of the offshore support vessels market. A pipe-laying vessel is one of the offshore support vessels applied to support the offshore infrastructure. Pipe-laying vessels are fabricated by placing pipes on the seafloor. These vessels are used to transport oil and gas from subsea well locations to production facilities and then further to onshore facilities. For diversified ocean depth scenarios the materials for the construction of pipeline vessels are different.

A pipe-laying vessel is necessary for operating various applications like household, commercial and industrial. One of the crucial drivers of the pipe-laying vessel market is the contribution of such technology in offshore oil and gas exploration operations. The augmenting global population has resulted in an upsurge in the power demand-supply gap.

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With newly explored oil & gas exploration sites at ultra-deep waters, the development of the pipe-laying vessels market is foreseen as a necessity. Furthermore, the higher offshore capital expenses & the growing number of oil rigs & new oil platform installation plans are major influences that will push the global pipe laying vessels operator market worldwide. Presently, deep-water areas have become the bastion of global oil & gas exploration. They are one of the most significant fields of oil & gas increase in reserves and production worldwide. In 40 years, worldwide deep-water oil & gas discoveries are primarily distributed along with five deep-water basin groups. With the relatively large exploration degree in these deep-water basins, the potential for the pipe-laying vessels market is also anticipated to increase.

Regional Analysis
The global Pipe Laying Vessels Market is divided into five regions; North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.

Asia-Pacific pacified the global pipe-laying vessels market with a share of 24.8% in 2020 and is anticipated to be the leading market during the forecast period. The massive growth of the oil & gas industry in developing nations like China and India is fueling the demand for pipe-laying vessels.

The pipe-laying vessels market in North America was the highest with a 32.1% share in 2020 and is anticipated to exhibit progressive growth during the forecast period. The key factors pushing the regional market's growth combine growth in the exploration and production activities and augmenting investments in the offshore oil & gas industry.

Market Segmentation

The global Pipe Laying Vessels Market is segmented into the following types;

By installation:

• J-lay Barges
• S-lay Barges
• Reel Barges

By positioning system:

• Anchor system
• Dynamic positioning system

By depth:

• Shallow water
• Deep water

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Key Players

The global Pipe Laying Vessels Market’s prominent key players are 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).

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