The offshore oil and gas pipeline market is witnessing steady growth due to multiple factors. Rising global energy demand, expansion of deepwater and ultra-deepwater exploration projects, and the increasing focus on energy security are major drivers. Additionally, advancements in subsea technology, corrosion-resistant materials, and automated pipeline installation methods are making offshore projects more efficient and cost-effective.
According to Expert Market Research, the global offshore oil and gas pipeline market was valued at USD 14.70 Billion in 2024. The market is expected to grow at a CAGR of 7.00% during 2025-2034, reaching around USD 28.92 Billion by 2034. Increasing LNG trade volumes across Asia and Europe continue to accelerate offshore gas pipeline demand, as nations diversify supplies and invest heavily in new cross-border and subsea transmission networks.
Overall, the growth is fueled by both rising energy demand and strategic investments in infrastructure, making offshore pipelines a critical component of the global energy supply chain.
