Pipe Laying Vessel Market size is projected to reach USD 3.84 Billion by 2024, with 12% CAGR from 2021 to 2027.

Pipe Laying Vessels Market Overview

A pipe laying vessel is a specialized floating vessel, which is widely used in offshore fields for laying pipelines. Increasing offshore oil and gas activities is likely to drive the global market during the forecast period. According to the IEA, offshore oil production is estimated to reach 27.4 million barrels of oil equivalent, per day (mboe) by 2040 from 26.4 mboe in 2016.

The advancement in offshore oil exploration and production technologies calls for offshore support vessels market development. A pipe-laying vessel is one of the offshore support vessels used to support the offshore infrastructure. With increased offshore oil and gas exploration activities worldwide, the expansion of the pipe laying vessel market is expected in the forecasted period.

Pipe Laying Vessels market demonstrates a high growth potential which is likely to attract many entrants to the market resultantly, intensifying the competition further. Manufacturers strive to develop innovative materials, and best practices. Incorporating acquisition, collaboration, partnership, and expansion the well-established players gain the competitive advantage to maintain their market position. Also, they make substantial investments in manufacturing & expansion program. Expansions help in reducing logistic cost and increase production capacities and potential to fetch larger turnovers.

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Globally Major key Players accelerates the Pipe Laying Vessels Market are, 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)

Growth Drivers

• Increase in the exploration and production activities
• Growing investments in the offshore oil and gas sector
• New product launches and R&D Amongst major key Players

Most important Segments of Pipe Laying Vessels market covered in this report are,

The scope of the study segments the global pipe laying vessel market by installation, positioning system, depth, and region.

By Installation

• J-Lay Barges
• S-Lay Barges
• Reel Barges

By Positioning System

• Dynamic Positioning System
• Anchor System

By Depth

• Shallow water
• Deepwater

Pipe Laying Vessels Industry Influence of the global market report:

• Comprehensive assessment of all opportunities and risks in the Pipe Laying Vessels Market.
• Pipe Laying Vessels Market recent innovations and major events.
• A detailed study of business strategies for the growth of the Pipe Laying Vessels Market market-leading players.
• Conclusive study about the growth plot of Pipe Laying Vessels Market for forthcoming years.
• In-depth understanding of Pipe Laying Vessels Market, market-particular drivers, constraints, and major micro markets.
• Favorable impression inside vital technological and market latest trends striking the Pipe Laying Vessels Market.

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The Pipe Laying Vessels market trends is growing pervasively, witnessing an exponential growth backed by the increasing investments, competitive activities, global developments, opportunity, and business trends during forecast period 2022 to 2030.

The global Pipe Laying Vessels market during the period has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with key experts such as CEOs VPs, directors, and executives. Finally, the global market breakdown and data triangulation procedures have been employed to complete the overall market engineering processes and functions and hence, arrive at the exact statistics for all segments and subsegments.

Pipe Laying Vessels Market Regional Analysis

The global pipe laying vessel market has been segmented into five regions, which are Asia-Pacific, North America, Europe, the Middle East & Africa, and South America. In 2018, Asia-Pacific held the largest share of the global pipe laying vessel market, mainly due to the increasing energy demand and stabilizing oil prices that has led the countries in Asia-Pacific to increase spending on exploration and production. The region is also expected to be the fastest growing market during the forecast period. Within Asia-Pacific, China is likely to hold the largest share during the forecast period owing to the increased offshore crude oil production. Similarly, countries such as Japan, India, and Australia are witnessing a growth in oil production activities leading to the growth of the pipe laying vessel market in the region.

Segment By Geographical Region

• North America
• The U.S.
• Canada
• Europe
• Netherlands
• Germany
• France
• Asia Pacific
• China
• Indonesia
• India
• Thailand
• Central & South America
• Brazil
• Middle East & Africa

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