Pipe Laying Vessels Market is expected to grow at a CAGR of 8.8% through 2030F
The global Pipe Laying Vessels Market is
expected to be led by North America, driven by Technological Advancements in
Vessel Capabilities and Infrastructure Development and Energy Security
Initiatives during the forecast period 2026-2030F
According to TechSci Research
report, “Pipe Laying Vessels
Market - Global Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2030F, The Global Pipe Laying Vessels Market was valued at
USD 3.4 billion in 2024 and is expected to reach USD 5.7 billion by 2030 with a
CAGR of 8.8% through 2030. As oil and gas reserves in shallow waters decline, energy companies
are shifting focus to more challenging deepwater and ultra-deepwater projects.
This shift necessitates the use of advanced pipe laying vessels that can
operate efficiently in these complex environments, fueling the market's
expansion.
Another
key driver is the continuous advancements in pipe laying technology.
Innovations in vessel design, such as improved dynamic positioning systems,
higher load-bearing capacity, and enhanced safety features, have made modern
pipe laying vessels more efficient and capable of handling more complex
projects. These technological advancements allow for faster and more reliable
installations, further driving demand for specialized vessels.
Additionally,
the increasing number of offshore decommissioning projects presents a growth
opportunity for the pipe laying vessels market. As many aging offshore
platforms require removal and pipeline decommissioning, operators require
advanced pipe laying vessels for the safe and efficient removal of pipelines
and subsea infrastructure. This growing trend toward decommissioning is
expected to provide sustained demand for pipe laying services in the years to
come.
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spread through XX Pages and an in-depth TOC on the "Global Pipe Laying Vessels Market"
Based on Installation, S-lay Barges segment
dominated the Pipe Laying Vessels Market in 2024 and maintain its leadership
throughout the forecast period, owing to their reliability, versatility, and cost-effectiveness
in shallow to moderate water depths. S-lay barges are equipped with advanced
equipment that enables them to lay pipelines in an S-shaped curve, which is
especially useful in areas where the seabed is uneven or where the pipeline
needs to be laid over substantial distances. This method is often preferred for
pipeline installations in depths ranging from 10 to 500 meters, a zone that
encompasses many of the world’s key offshore oil and gas fields. The
versatility of the S-lay method makes it highly attractive for contractors, as
it can be used for both rigid and flexible pipelines, providing flexibility in
project scope and application.
One of the key advantages of S-lay
barges is their ability to operate efficiently in a wide range of seabed
conditions, including those that are soft or rocky, and their suitability for
laying larger-diameter pipes. S-lay barges typically feature high-capacity
cranes, pipe tensioners, and other equipment that enable them to handle the
physical demands of large-scale offshore pipeline projects. This makes them
particularly valuable for major energy companies that require dependable and
efficient solutions for deepwater pipeline installation. Additionally, the
operational cost of S-lay barges is often lower than that of other vessel
types, especially for projects with relatively shallow water depths, making
them a preferred choice for contractors working within budget constraints.
Furthermore, the S-lay barges segment
benefits from the ongoing development of subsea infrastructure, particularly in
the oil and gas sector. Many of the world’s largest offshore fields, such as
those in the Gulf of Mexico, West Africa, and the North Sea, continue to see
new pipeline installations and upgrades, further driving demand for S-lay
vessels. In addition, the growing focus on cost optimization and efficiency in
offshore pipeline projects has increased the adoption of S-lay barges, as they
offer a proven and cost-effective solution for laying long pipelines.
Another key factor contributing to the
dominance of S-lay barges is the increasing number of shallow and mid-water
depth pipeline projects. While more advanced systems like J-lay vessels are
required for deeper installations, S-lay barges remain essential for projects
in regions where the water depth is moderate, and environmental conditions
allow for their use. This broad applicability across various types of offshore
projects, combined with their relative cost-efficiency, ensures that S-lay
barges continue to dominate the global pipe laying vessels market.
Asia Pacific is emerging as the
fastest-growing region for the Pipe Laying Vessels Market, driven by a surge in
offshore oil and gas exploration, particularly in deepwater and ultra-deepwater
fields. Countries like China, India, and Australia are increasing their
investments in offshore infrastructure to meet the rising energy demand. In
addition, the region's growing offshore wind energy projects are creating new
opportunities for the pipe laying vessels market, as subsea cable laying
becomes an essential part of renewable energy infrastructure.
The rise of offshore projects in the
South China Sea, Southeast Asia, and the Indian Ocean has fueled demand for
technologically advanced pipe laying vessels capable of operating in
challenging marine environments. The presence of large national oil companies
such as PetroChina and ONGC, along with an influx of international energy
players, has boosted offshore exploration and pipeline installation activities
in the region. Furthermore, government support and favorable regulatory
policies aimed at boosting energy independence and reducing reliance on
imported fuels are encouraging new offshore developments.
The rapid growth of offshore renewable
energy projects, especially in countries like Japan, South Korea, and India, is
also driving the demand for pipe laying vessels equipped to install subsea
power cables. As these countries ramp up efforts to expand their renewable
energy capacity, the need for specialized vessels will continue to rise,
positioning Asia Pacific as a key growth region in the global market for pipe
laying vessels.
Key market players in the Pipe Laying
Vessels Market are: -
- Allseas Group SA
- CIMIC Group Ltd.
- Hanwha Corp.
- Havila Shipping ASA
- Helix Energy Solutions Group Inc.
- Hyundai Heavy Industries Group
- John Swire and Sons Ltd.
- McDermott International Ltd.
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“The global pipe laying vessels market presents
significant opportunities driven by increasing offshore oil, gas, and renewable
energy projects. With the rise in deepwater and ultra-deepwater exploration,
there is growing demand for specialized vessels capable of handling complex
subsea installations. The expansion of offshore oil and gas fields in regions
like the Gulf of Mexico, Brazil, West Africa, and Southeast Asia presents a
steady pipeline of projects that require advanced pipe laying vessels,
providing substantial market potential. Furthermore, the transition towards
cleaner energy sources has led to the growth of offshore wind energy, creating
new opportunities for the installation of subsea cables, further boosting
demand for specialized pipe laying equipment.” said Mr. Karan Chechi, Research
Director of TechSci Research, a research-based global management consulting
firm.
“Pipe Laying Vessels
Market – Global Industry Size, Share, Trends, Opportunity, and Forecast,
Segmented 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 Region, By Competition, 2020-2030F” has evaluated the future
growth potential of Pipe Laying Vessels Market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Pipe Laying Vessels Market.
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