Pipe Laying Vessel Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast 2015 - 2023

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

Pipe laying vessels are constructed by placing pipes on the seafloor. Such vessels are meant to transport oil and gas from subsea well locations to production facilities and then further to onshore facilities. For different ocean depth scenarios the material of construction of pipeline vessels are different. This is because with increasing depths the water buoyant affects increase which affects the pipe lay process. For instance at shallow waters concrete is poured over the pipes for their correct positioning while in deep and ultra deep waters, thickness of pipes is increased to withstand the amplified hydrostatic pressure and maintain their arrangement. There are three ways of subsea pipe installation namely tow-in, S-jay, and J-lay. Pipe lay vessel is integral to the success of the set up. Numerous types of pipe laying vessels include J-lay barges, S-lay barges, and reel barges.

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One of the key drivers of the pipe laying vessel market is the contribution of such technology in offshore oil and gas exploration operations. The increasing global population has resulted in widening of the power demand-supply gap. Hence, the nations world-wide are going for offshore explorations to be fuel sufficient and ensure their energy securities in the future. With newly discovered oil and gas exploration sites at ultra deep waters, the development of pipe laying vessel market is seen as a necessity. The enhancement of the pipe laying vessel features and functionalities to achieve operational efficiency tend to drive up the upfront cost of such vessels. Hence, high cost of the pipe laying vessels may affect the growth of such market in the coming years.