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Pipe Laying Vessels Market Research Report—Global Forecast till 2030

Pipe Laying Vessels Market Research Report Information By Installation (J-lay Barges, S-lay Barges, Reel Barges) Positioning System (Anchor system, Dynamic positioning system) Depth (Shallow water, Deep water) Regions (North America, Europe, Asia-Pacific, Middle East & Africa, South America) Forecast 2030

ID: MRFR/E&P/6624-CR | August 2022 | Region: Global | 111 Pages         

Pipe Laying Vessels Market

Pipe Laying Vessel Market size is projected to reach USD 4,752.4 million by 2030, with 9.2% CAGR from 2022 to 2030

Segmentation

By Installation J-Lay Barges S-Lay Barges Reel Barges)
By Positioning System Anchor System Dynamic Positioning System
By Depth Shallow Water Deepwater

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)

Drivers

  • Increase in the exploration and production activities
  • Growing investments in the offshore oil and gas sector
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The pipe laying vessels market size is projected to be worth USD 4,752.4 million by 2030, registering a CAGR of 9.2% during the forecast period (20222030).


Pipe Laying Vessels Market Overview


Global market is defined as the marketspace comprising of maritime vessels which are vividly developed for development and construction of subsea infrastructure. Pipe laying vessels attain the said goal by typically carrying a lift crane, equipment to lay pipe, equipment to install valves & pumps and more.


COVID-19 Impact on the Global Pipe Laying Vessels Market:


A pipe laying vessel is essential for operating various applications such as household, commercial, and industrial. The pandemic continues to have a huge impact on global tourism and air travel as people have been homebound. Closed destinations and hotels and restrictions on travel, outdoor recreational activities, and camping will impact travel and tourism.


The outbreak in countries across the world has induced a steep decline in the demand for pipe laying vessels, due to the shutdown of industries and offices and slowdown in the supply of products and raw materials, due to the lockdown restrictions. Pipe laying vessel manufacturers have witnessed a steep decline in the demand for pipe laying vessels as the pipe laying vessels market has witnessed a decline in the demand from residential, industrial, and commercial sectors. However, as many economies are expected to resume economic activities by taking appropriate measures, the demand for pipe laying vessels market is expected to resume in the next few months completely.


Pipe Laying Vessels Market Dynamics


Drivers


  • Increasing need for energy, oil and gas across the world

  • Investment in offshore oil & gas and renewable sectors


The largest consumers of oil & gas, China and the US, and other countries, are increasing their investments in renewable sectors year on year to advance their production technologies for offshore oil exploration. Global investments had increased by around 5% in 2021 to more than USD 820 billion. Renewable investment has thrived in markets with well-established supply chains where lower costs are coupled with regulatory frameworks that provide cash flow visibility and where lenders and financiers who understand these sectors well seek sustainable projects to support them.


Further, the increasing global population has widened the power demand-supply gap. Hence, the nation’s worldwide are going for offshore explorations to be fuel sufficient and ensure their energy securities in the future. With newly discovered oil & gas exploration sites at ultra-deep waters, the development of the pipe laying vessels market is seen as a necessity. Moreover, the higher offshore capital expenditure & the increasing number of oil rigs & new oil platform installation plans are critical influences that will drive the global pipelay vessels operator market across the world.


Restraints


  • Environmental concerns and related government regulations


Climate change is a major challenge for nations, and fossil fuels have been one of the biggest polluters of the environment. Over the next 40 years, the world could increasingly move away from fossil fuels. The operating capacity of the global refining industries is continually constrained, and product specifications are being tightened by increasingly strict environmental legislation. Several European countries such as France, Denmark, and Italy have banned onshore and offshore oil exploration.


Recently, Greenland has also banned future oil exploration over climate concerns. In May 2021, New Zealand also announced its plans to ban the award of new oil & gas exploration licenses to combat climate change and promote the development of green energy sources. With countries banning exploration, the demand for pipe laying vessels market is expected to fall.


Opportunities


  • Increasing deep water and ultra-deep-water discoveries


Currently, deep-water areas have become the hotspot of global oil & gas exploration. They are one of the most important fields of oil & gas increase in reserves and production worldwide. In 40 years, global deep-water oil & gas discoveries are mainly distributed along with five deep-water basin groups. In deep-water basins of the Atlantic Ocean, giant oil discoveries are mainly concentrated in Brazil, West Africa, and the Gulf of Mexico. Significant discoveries of natural gas are mainly on the west coast of Norway in the northern part of the Atlantic Ocean.


In deep-water basins of the East African continental margin, giant gas fields have been found in the Rovuma and Tanzania basins. In deep-water basins of the West Pacific Ocean, giant discoveries of oil & gas are mainly concentrated in the South China Sea and southeast Asian waters. Moreover, global deep-water oil resources are mainly concentrated in the middle and south sections of the Atlantic Ocean. With the relatively high exploration degree in these deep-water basins, the potential for pipe laying vessels market is also expected to increase.


Pipe Laying Vessels Market Supply Chain Analysis


New processes and technologies developed through R&D have been critical in helping the sector fulfill global energy demand. They will continue to be critical as the industry faces current and future difficulties. Furthermore, exploration, increased recovery, new product solutions, and alternative energy options are part of the oil & gas industry research projects. Some of the key equipment used in the oil & gas industry includes long pipe sections, oilfield equipment such as drilling equipment, equipment to lay pipe, and others. Companies that provide pipelines and services play a critical part in the energy procurement business since they are on the cutting edge of technology, cost-efficiency, and engineering ability to address difficult problems in the oilfield. Oil & gas exploration takes place in some of the world's most distant locations, under some of the harshest conditions.


The process of pipe laying vessel includes the construction of submerged pipelines on pipelaying vessel by using the stovepipe welding of pipe sections kept on the deck or the reel method, which involves winding pipeline made onshore onto reels ahead of time. The reel method can wind up to 90 kilometers of 100–400-millimeter diameter pipes. In this assembly, the pipeline laying the reel continuously rotates, and the pipe is placed down to a 300-meter depth at a speed of up to 4 kilometers per hour.


The distribution channel comprises entities involved in the process, such as distributors, wholesalers, retailers, and value-added resellers (VARs), to make the components and equipment available in the market for end-users. The major manufacturers operating in the global pipe laying vessels market partner with various distributors across regions to ensure a continuous supply of their offshore pipeline products and services worldwide.


The key consumer of pipe laying vessels is the oil & gas industry, with onshore and offshore activities. The increasing investment in oil & gas exploration activities across the globe on account of the ever-increasing demand for energy drives the demand for pipe laying vessels in the oil & gas industry.


Pipe Laying Vessels Market Segmentation


Based on installation:


J-lay barges, S-lay barges and reel barges are the segments based on installation of the Global Pipe Laying Vessels Market. The global pipe laying vessels market is dominated by s-lay barges and is expected to continue to lead the market in the forecast period. -lay barges are specially designed for pipe installation in shallow and intermediate water. This is due to its high production rate and the ability to install concrete-coated pipes.


Based on positioning system:


Anchor system and dynamic positioning system are the segments based on positioning system of the Global Pipe Laying Vessels Market. The dynamic positioning system segments dominated the market and is predicted to continue to dominate the market in the near future. Offshore vessels commonly use dynamic positioning systems for accurate directional, maintaining a fixed position, and tracking pipe/cable laying. It is also used in drilling vessels to remain in a fixed position while drilling deepwater. In Pipe-laying vessels, it is used for position keeping and track keeping (pipe or cable laying).


Based on depth:


Shallow water and deep water are the segments based on depth of the Global Market. The Deepwater segment accounted for the largest market share of 68.84% in 2020,  it is expected to register the highest CAGR during the forecast period.


Pipe Laying Vessels Market Regional Analysis


The regions are classified as North America, Europe, Asia-Pacific, Middle East & Africa and South America. Asia-Pacific dominated the global pipe laying vessels market with a share of 24.8% in 2020 and is expected to be the leading market during the forecast period. The robust growth of the oil & gas industry in developing countries such as China and India are fueling the demand for pipe laying vessels. Furthermore, growth in this region is projected to be high due to advancements in offshore oil exploration & production technologies.


The pipe laying vessels market in North America was the largest with a 32.1% share in 2020 and is expected to exhibit progressive growth during the forecast period. The key factors driving the regional market's growth include growth in the exploration and production activities and increasing investments in the offshore oil & gas industry. In 2018, the US had 968 active rigs and more than a million producing wells, and it is one of the leading markets for pipe laying vessels in the world. Similarly, Shell, an oil-based company, plans to invest extensively in oil & gas drilling activities for deepwater zones such as the Gulf of Mexico, likely to create a lucrative opportunity for pipe laying vessel distributors in North America 


Pipe Laying Vessels Market Competitive Landscape


The Global Pipe Laying Vessels Market is characterized by the presence of many regional and local vendors. The regional market is highly competitive, with all the players continually competing to gain a larger market share. The vendors compete based on cost, product quality, reliability, and aftermarket services. Therefore, vendors must provide cost-effective and efficient products to survive and succeed in a competitive market environment.


List of Key Companies covered in the report:



  • 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)

  • Leighton Offshore (Hing Kong)


Recent Developments:



  • In January 2022, TechnipFMC launch a Surface app for onshore product information. Surface division sells and supports across the globe. Each product line includes a high-level description along with brochures, catalogs, and Operation & Maintenance Manuals for our most popular product lines.

  • In December 2021, Boskalis Launches New Edition of Its Creating New Horizons Magazine. In this new edition we return to the Suez Canal in late March where the mega container vessel Ever Given ran aground and take a look behind the scenes of what the New York Times described as “one of the largest and most intense salvage operations in modern history”.

  • In March 2021, Leighton launched First in Asia Flying Tunnel Boring Machines. Leighton Asia together with HOCHTIEF pioneer the use of a ‘Flying Launch’ structure to optimise TBM launching in terms of time, space and safety.

  • In December 2020, Saipem launches its new brand campaign “Dear Future”, which emphasizes the strategic repositioning process undertaken by the Company. Saipem is nowadays a global company, present in more than 60 countries, able to provide solutions and services with high added value and to implement innovative projects in the energy and infrastructure sectors

  • In March 2020 TechnipFMC Partners with Neste for Future NEXBTL™ Technology Based Projects. The NEXBTL™ technology allows the conversion of second-generation feedstock like vegetable oil or waste fat into renewable diesel and other renewable products. The NEXBTL™ technology is becoming increasingly important as it provides an efficient and sustainable solution in the fuels sector, while addressing environmental concerns.


Pipe Laying Vessels Market Report Overview:


The Global Pipe Laying Vessels Market is segmented based on installation, positioning system and depth in this report. The Pipe Laying Vessels Market report is focused on various analytical aspects such as market dynamics, Supply chain analysis, Porter’s five forces, competitive landscape, recent developments and company profiles. The insights in this report, comprise, discuss views and predict the emerging and fast-growing segments, regions, and countries with potential of development in the Global Pipe Laying Vessels Market.


Segmentation Overview:


By installation:



  • J-lay Barges

  • S-lay Barges

  • Reel Barges


By positioning system:



  • Anchor system

  • Dynamic positioning system


By depth:



  • Shallow water

  • Deep water


By Regions:



  • North America

  • Europe

  • Asia-Pacific

  • Middle East & Africa

  • South America


Objectives of the Study



  • To get a comprehensive overview of the Global Pipe Laying Vessels Market.

  • To get wide-ranging information about the key factors driving the market and market opportunities

  • To gain information regarding the key players in the industry, technology advancements and key developments

  • To gain insights about the key country/region in which the Pipe Laying Vessels market is growing


Intended Audience



  • Oil and Energy Companies

  • Manufacturing Companies

  • Research Institutes

  • Academic Institutes

  • Government Organizations



Report Scope:

Report Attribute/Metric Details
  Market Size    2030: USD 4,752.4 Million
  CAGR    ~9.2%
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units    Value (USD Million)
  Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Installation, Positioning System and Depth
  Geographies Covered   North America, Europe, Asia-Pacific, Middle East & Africa and South America
  Key Vendors   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), Leighton Offshore (Hing Kong)
  Key Market Opportunities   Increasing deep water and ultra-deep-water discoveries
  Key Market Drivers   Increasing need for energy, oil and gas across the world Investment in offshore oil & gas and renewable sectors


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Frequently Asked Questions (FAQ) :

The Global Pipe Laying Vessels Market would register a growth of ~9.2% during the forecast period.

Environmental concerns and related government regulations is a key restraining factor for the Global Pipe Laying Vessels Market

Asia Pacific would enjoy the upper hand in the Global Pipe Laying Vessels Market

Top key players in the industry 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), Leighton Offshore (Hing Kong), and others.

The dynamic positioning segment is currently in the lead in the global market.