Europe Offshore Oil and Gas Pipes, Fittings, and Flanges Market Forecast to 2030 - Regional Analysis - by Product Type (Pipes, Fittings, and Flanges) and Material Type (Steel, Alloy Steel, Nickel Alloy, and Copper Alloy)
The Europe offshore oil and gas pipes, fittings, and flanges market is expected to grow from US$ 2,259.67 million in 2022 to US$ 3,551.82 million by 2030. It is estimated to record a CAGR of 5.8% f... もっと見る
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SummaryThe Europe offshore oil and gas pipes, fittings, and flanges market is expected to grow from US$ 2,259.67 million in 2022 to US$ 3,551.82 million by 2030. It is estimated to record a CAGR of 5.8% from 2022 to 2030.Efforts to Improve Oil Recovery Operations to Reduce Dependency on Oil & Gas Imports Drive Europe Offshore Oil and Gas Pipes, Fittings, and Flanges Market The steam injection method has been exploited commercially over recent decades to improve recovery from conventional heavy oil reservoirs in their later stages of development. The injected steam increases the overall pressure of an offshore oil reservoir, which helps improve the mobility ratio of crude oil and allows it to flow efficiently. As a result, the enhanced oil recovery methods help revitalize extraction processes in existing offshore oil wells. Various countries are investing in efforts to rejuvenate their existing oil resources to boost domestic oil production and decrease their dependence on oil imports. Thus, the projected expansion of their oil & gas operations is anticipated to offer promising growth opportunities for the offshore oil & gas pipes, fittings, and flanges market players in the coming years. Europe Offshore Oil and Gas Pipes, Fittings, and Flanges Market Overview Europe has a comparatively lesser number of offshore rigs compared to other regions. For instance, by the end of 2022, Europe had ~75 total number of offshore rigs compared to 103 rigs in 2021. The overall number of rigs (onshore and offshore) is very low across the region, which shows a lesser dominance of Europe over other regions. Europe has a strong capacity for oil & gas production and exporting of oil & gas to different parts of the world. Norway, the UK, and Denmark are the major oil & gas producers in Europe, with significant offshore reserves in the North Sea. Other countries such as the Netherlands, Germany, and Italy also have small-scale oil & gas production. According to the EIA, the UK generated 4.9 quadrillion British thermal units (quads) of energy in 2020 and used 6.8 quads of energy. Norway is the third-largest natural gas exporter in the world. Also, in 2022, Norway produced 2.0% of the world's oil production, which shows that the country plays an important role in the global oil & gas market. Norway has substantial offshore oil & gas reserves in the North and Norwegian Seas. The exploration and production activities in these areas have been highly successful, contributing to the industry's growth. Norwegian companies have been at the forefront of developing advanced technologies for offshore oil & gas exploration and production. Thus, the constant development in the oil & gas industry is anticipated to drive the growth of the offshore oil & gas pipes, fittings, and flanges market in the coming years. Europe Offshore Oil and Gas Pipes, Fittings, and Flanges Market Revenue and Forecast to 2030 (US$ Million) Europe Offshore Oil and Gas Pipes, Fittings, and Flanges Market Segmentation The Europe offshore oil and gas pipes, fittings, and flanges market is segmented into product type, material type, and country. Based on product type, the Europe offshore oil and gas pipes, fittings, and flanges market is segmented into pipes, fittings, and flanges. The pipes segment held the largest share of the Europe offshore oil and gas pipes, fittings, and flanges market in 2022. In terms of material type, the Europe offshore oil and gas pipes, fittings, and flanges market is segmented into steel, alloy steel, nickel alloys, and copper alloys. The steel segment held the largest share of the Europe offshore oil and gas pipes, fittings, and flanges market in 2022. Based on country, the Europe offshore oil and gas pipes, fittings, and flanges market is segmented into Germany, Norway, Italy, Russia, the UK, and the Rest of Europe. Russia dominated the Europe offshore oil and gas pipes, fittings, and flanges market in 2022. Sumitomo Corp, London Fittings & Flanges Ltd, Flanschenwerk Bebitz GmbH, SoluForce BV, and KME Germany GmbH are some of the leading companies operating in the Europe offshore oil and gas pipes, fittings, and flanges market. Table of ContentsTABLE OF CONTENTS1. Introduction 1.1 The Insight Partners Research Report Guidance 1.2 Market Segmentation 2. Executive Summary 2.1 Key Insights 2.2 Market Attractiveness 3. Research Methodology 3.1 Coverage 3.2 Secondary Research 3.3 Primary Research 4. Offshore Oil & Gas Pipes, Fittings, and Flanges Market Landscape 4.1 Overview 4.2 PORTER Analysis 4.3 Ecosystem Analysis 4.3.1 Raw Material Supplier 4.3.2 Pipe Fittings and Flanges Manufacturer 4.4 End User 4.5 Cost Analysis 4.5.1 Cost Drivers and Cost Trend for Pipes, Fittings, and Flanges in the Offshore Oil and Gas Industry: 5. Europe Offshore Oil & Gas Pipes, Fittings, and Flanges Market - Key Industry Dynamics 5.1 Offshore Oil & Gas Pipes, Fittings, and Flanges Market - Key Industry Dynamics 5.2 Market Drivers 5.2.1 High Crude Oil Prices Generating Demand for Efficient Offshore Rig Operations 5.2.2 Increasing Focus on Maximizing Oil Reserve Recovery and Extending Field Life 5.2.3 Growing Developments in Offshore Oil & Gas Industry 5.3 Market Restraints 5.3.1 Rising Shift from Fossil Fuels to Clean Energy 5.4 Market Opportunities 5.4.1 Efforts to Improve Oil Recovery Operations to Reduce Dependency on Oil & Gas Imports 5.5 Market Trends 5.5.1 Adoption of Efficient Oil Recovery Techniques 5.6 Impact of Drivers and Restraints: 6. Offshore Oil & Gas Pipes, Fittings, and Flanges Market - Europe Market Analysis 6.1 Offshore Oil & Gas Pipes, Fittings, and Flanges Market Revenue (US$ Million), 2022 - 2030 6.2 Offshore Oil & Gas Pipes, Fittings, and Flanges Market Forecast and Analysis 7. Europe Offshore Oil & Gas Pipes, Fittings, and Flanges Market Analysis - Product Type 7.1 Overview 7.2 Offshore Oil & Gas Pipes, Fittings, and Flanges Market, By Product Type (2022 and 2030) 7.3 Pipes 7.3.1 Overview 7.3.2 Pipes Market, Revenue and Forecast to 2030 (US$ Million) 7.4 Fittings 7.4.1 Overview 7.4.2 Fittings Market, Revenue and Forecast to 2030 (US$ Million) 7.5 Flanges 7.5.1 Overview 7.5.2 Flanges Market, Revenue and Forecast to 2030 (US$ Million) 8. Europe Offshore Oil & Gas Pipes, Fittings, and Flanges Market Analysis - Material Type 8.1 Overview 8.2 Offshore Oil & Gas Pipes, Fittings, and Flanges Market, By Material Type (2022 and 2030) 8.3 Steel 8.3.1 Overview 8.3.2 Steel Market, Revenue and Forecast to 2030 (US$ Million) 8.4 Alloy Steel 8.4.1 Overview 8.4.2 Alloy Steel Market, Revenue and Forecast to 2030 (US$ Million) 8.5 Nickel Alloy 8.5.1 Overview 8.5.2 Nickel Alloy Market, Revenue and Forecast to 2030 (US$ Million) 8.6 Copper Alloy 8.6.1 Overview 8.6.2 Copper Alloy Market, Revenue and Forecast to 2030 (US$ Million) 9. Europe Offshore Oil & Gas Pipes, Fittings, and Flanges Market - Country Analysis 9.1 Europe 9.1.1 Europe Offshore Oil & Gas Pipes, Fittings, and Flanges Market Overview 9.1.2 Europe Offshore Oil & Gas Pipes, Fittings, and Flanges Market, By Key Country- Revenue 2022 (US$ Mn) 9.1.3 Europe Offshore Oil & Gas Pipes, Fittings, and Flanges Market Revenue and Forecasts and Analysis - By Country 9.1.3.1 Europe Offshore Oil & Gas Pipes, Fittings, and Flanges Market Revenue and Forecasts and Analysis - By Country 9.1.3.2 Germany Offshore Oil & Gas Pipes, Fittings, and Flanges Market Revenue and Forecasts to 2030 (US$ Mn) 9.1.3.2.1 Germany Offshore Oil & Gas Pipes, Fittings, and Flanges Market Breakdown by Product Type 9.1.3.2.2 Germany Offshore Oil & Gas Pipes, Fittings, and Flanges Market Breakdown by Material Type 9.1.3.3 Norway Offshore Oil & Gas Pipes, Fittings, and Flanges Market Revenue and Forecasts to 2030 (US$ Mn) 9.1.3.3.1 Norway Offshore Oil & Gas Pipes, Fittings, and Flanges Market Breakdown by Product Type 9.1.3.3.2 Norway Offshore Oil & Gas Pipes, Fittings, and Flanges Market Breakdown by Material Type 9.1.3.4 Italy Offshore Oil & Gas Pipes, Fittings, and Flanges Market Revenue and Forecasts to 2030 (US$ Mn) 9.1.3.4.1 Italy Offshore Oil & Gas Pipes, Fittings, and Flanges Market Breakdown by Product Type 9.1.3.4.2 Italy Offshore Oil & Gas Pipes, Fittings, and Flanges Market Breakdown by Material Type 9.1.3.5 Russia Offshore Oil & Gas Pipes, Fittings, and Flanges Market Revenue and Forecasts to 2030 (US$ Mn) 9.1.3.5.1 Russia Offshore Oil & Gas Pipes, Fittings, and Flanges Market Breakdown by Product Type 9.1.3.5.2 Russia Offshore Oil & Gas Pipes, Fittings, and Flanges Market Breakdown by Material Type 9.1.3.6 UK Offshore Oil & Gas Pipes, Fittings, and Flanges Market Revenue and Forecasts to 2030 (US$ Mn) 9.1.3.6.1 UK Offshore Oil & Gas Pipes, Fittings, and Flanges Market Breakdown by Product Type 9.1.3.6.2 UK Offshore Oil & Gas Pipes, Fittings, and Flanges Market Breakdown by Material Type 9.1.3.7 Rest of Europe Offshore Oil & Gas Pipes, Fittings, and Flanges Market Revenue and Forecasts to 2030 (US$ Mn) 9.1.3.7.1 Rest of Europe Offshore Oil & Gas Pipes, Fittings, and Flanges Market Breakdown by Product Type 9.1.3.7.2 Rest of Europe Offshore Oil & Gas Pipes, Fittings, and Flanges Market Breakdown by Material Type 10. Industry Landscape 10.1 Overview 10.2 Market Initiative 10.3 Mergers & Acquisitions 11. Company Profiles 11.1 Sumitomo Corp 11.1.1 Key Facts 11.1.2 Business Description 11.1.3 Products and Services 11.1.4 Financial Overview 11.1.5 SWOT Analysis 11.1.6 Key Developments 11.2 London Fittings & Flanges Ltd 11.2.1 Key Facts 11.2.2 Business Description 11.2.3 Products and Services 11.2.4 Financial Overview 11.2.5 SWOT Analysis 11.2.6 Key Developments 11.3 Flanschenwerk Bebitz GmbH 11.3.1 Key Facts 11.3.2 Business Description 11.3.3 Products and Services 11.3.4 Financial Overview 11.3.5 SWOT Analysis 11.3.6 Key Developments 11.4 SoluForce BV 11.4.1 Key Facts 11.4.2 Business Description 11.4.3 Products and Services 11.4.4 Financial Overview 11.4.5 SWOT Analysis 11.4.6 Key Developments 11.5 KME Germany GmbH 11.5.1 Key Facts 11.5.2 Business Description 11.5.3 Products and Services 11.5.4 Financial Overview 11.5.5 SWOT Analysis 11.5.6 Key Developments 12. Appendix 12.1 About the Insight Partners 12.2 Word Index
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