Pipelay Vessel Market Report 2025 (Global Edition)

Global Pipelay Vessel Market Report 2025 Market Size Split by Type of Vessel (Conventional Pipelay Vessels, Specialized Pipelay Vessels, Heavy-Lift Pipelay Vessels), by Application (Offshore Oil & Gas...

Pipelay Vessel Market Report Description

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Pipelay Vessel Market Insights Video

Competitive Landscape of the Pipelay Vessel Market

The competitive landscape of the pipelay vessel market is characterized by a mix of established companies and emerging players vying for market share in a rapidly evolving industry. Key players are investing heavily in advanced technologies to enhance vessel capabilities, such as dynamic positioning systems, automation, and improved laying techniques to optimize installation processes. Moreover, companies are forming strategic partnerships and collaborations to expand their operational reach and capabilities, particularly in high-demand regions like deepwater and ultra-deepwater projects.

In January 2022, TechnipFMC released a Surface app that provides onshore product information. Surface Division offers worldwide sales and support. Each of our most popular product lines comes with brochures, catalogs, and Operation & Maintenance Manuals, as well as a high-level elucidation. (Source: https://www.technipfmc.com/en/media/news/2022/01/technipfmc-launch-a-surface-app-for-onshore-product-information/)

Top Companies Market Share in Pipelay Vessel Industry: (In no particular order of Rank)

• Saipem S.p.A. (Italy)
• McDermott International
• Ltd. (U.S.)
• Subsea 7 S.A. (Luxembourg)
• TechnipFMC plc (U.K.)
• Allseas Group S.A. (Switzerland)
• Van Oord (Netherlands)
• Royal IHC (Netherlands)
• Heerema Marine Contractors (Netherlands)
• Jumbo Offshore (Netherlands)
• Solstad Offshore ASA (Norway)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Pipelay Vessel Market

Which Region Dominates the Pipelay Vessel Market in 2024?

According to Cognitive Market Research, North America holds a majority share in the global pipelay vessel market revenue primarily due to its extensive offshore oil & gas resources, particularly in regions like the Gulf of Mexico. The region has seen major investments in infrastructure and advanced technology to support exploration and production activities, leading to an increased demand for pipelay vessels. Besides, favorable regulatory environments and advancements in offshore drilling techniques have further boosted exploration activities. The presence of major oil and gas companies and specialized service providers in North America enhances the availability of modern pipelay vessels, ensuring efficient project execution.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the global pipelay vessel market due to its rapidly expanding offshore oil and gas exploration activities, owing to countries like China, India, and Vietnam. The increasing demand for energy, coupled with the need for new infrastructure to transport hydrocarbons, has accelerated heavy investments in offshore projects. Moreover, government initiatives to explore untapped reserves in deepwater regions and advancements in technology have enhanced operational efficiencies, further promoting market growth. The strategic regional location along key shipping routes also facilitates efficient logistics for pipelaying operations.

The current report Scope analyzes Pipelay Vessel Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Pipelay Vessel Market Analysis

According to Cognitive Market Research, the global pipelay vessel market size was estimated at USD 39581.2 million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 15832.5 million in 2024 and will climb at a CAGR of 2.7% from 2024 to 2031.

• According to Cognitive Market Research, the U.S. had a major share in the pipelay vessel market with a market size of USD 12491.8 million in 2024 and is projected to grow at a CAGR of 2.5% in the forecast period. The U.S. is at the forefront of technological advancements in offshore drilling and pipelays vessel operations, fostering growth in the pipelay vessel market through improved efficiency and reduced operational costs.
• The Canada pipelay vessel market had a market share of USD 1899.9 million in 2024 and is likely to climb at a CAGR of 3.5% in the forecasted period. The rich offshore oil & gas reserves in Canada, particularly in the East Coast region, present key opportunities for pipelay vessel operations to support exploration and infrastructure projects.
• The Mexico pipelay vessel market is anticipated to experience growth at a CAGR of 3.2% within the forecast timeframe, with a market size of USD 1440.8 million in 2024.

Europe Pipelay Vessel Market Analysis

According to Cognitive Market Research, the global pipelay vessel market size was estimated at USD 39581.2 million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 11874.4 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3% from 2024 to 2031.

• The U.K. pipelay vessel market had a market share of USD 1994.9 million in 2024 and is likely to broaden at a CAGR of 3.8% within the predicted timeframe. The robust regulatory environment in the U.K. for offshore oil & gas operations ensures high safety and environmental standards, attracting investments in the pipelay vessel market and stimulating growth in subsea infrastructure development.
• France pipelay vessel market is anticipated to develop at a 2.2% CAGR throughout the projected time frame, reaching USD 1092.4 million in 2024.
• According to Cognitive Market Research, the German pipelay vessel market size was valued at USD 2351.1 million in 2024 and is projected to evolve at a CAGR of 3.2% through the estimated period. In Germany, the transition towards renewable energy is a key growth factor for the pipelay vessel market, particularly in the offshore wind sector.
• The Italy pipelay vessel market is projected to witness growth at a CAGR of 2.4% over the forecast time frame, with a market value size of USD 1021.2 million in 2024.
• The Russia pipelay vessel market is likely to witness growth at a CAGR of 2% in the projected period, with a market value size of USD 1840.5 million in 2024.
• The Spain pipelay vessel market is predicted to witness growth at a CAGR of 2.1% during the assessment period, with a market size of USD 973.7 million in 2024.
• The Luxembourg pipelay vessel market is projected to witness growth at a CAGR of 3.1% during the research time frame, with a market size of USD 368.1 million in 2024.
• The Portugal pipelay vessel market is anticipated to witness growth at a CAGR of 2.8% during the forecasting time frame, with a market size of USD 249.4 million in 2024.
• The Greece pipelay vessel market is predicted to witness growth at a CAGR of 3.3% over the assessment period, with a market size of USD 142.5 million in 2024.
• The Rest of Europe's pipelay vessel market is estimated to witness growth at a CAGR of 1.7% in the forecast period, with a market size of USD 1840.5 million in 2024.

Asia Pacific Pipelay Vessel Market Analysis

According to Cognitive Market Research, the global pipelay vessel market size was estimated at USD 39581.2 million, out of which Asia Pacific held the market share of nearly 23% of the global revenue with a market size of USD 9103.7 million in 2024 and will emerge at a CAGR of 6.5% from 2024 to 2031.

• According to Cognitive Market Research, the China pipelay vessel market size was valued at USD 4096.7 million in 2024 and is likely to evolve at a CAGR of 6% in the forecasted period. The Chinese government is actively supporting energy projects aimed at bolstering domestic production of oil & gas, which positively impacts the pipelay vessel market.
• The Japan pipelay vessel market is expected to flourish at a 5% CAGR throughout the projected time frame, reaching a market value of USD 1256.3 million in 2024.
• The India pipelay vessel market had a market share of USD 1092.4 million in 2024 and is likely to climb at a CAGR of 8.3% in the anticipated timeframe. With a rapidly growing Indian economy and increasing energy requirements, India is investing in offshore exploration, creating market opportunities for pipelay vessels to support the development of subsea pipelines.
• The South Korean pipelay vessel market is predicted to widen at a CAGR of 5.6% over the forecasted period, with a market size of USD 910.4 million in 2024.
• The Australian pipelay vessel market is likely to witness growth at a CAGR of 6.2% throughout the predicted timeframe, with a market size of USD 473.4 million in 2024.
• The Southeast Asia pipelay vessel market is anticipated to experience growth at a CAGR of 7.5% in the forecast timeframe, with a market size of USD 628.2 million in 2024.
• The Rest of Asia Pacific pipelay vessel market is anticipated to see growth at a CAGR of 6.3% in the forecast period, with a market size of USD 646.4 million in 2024.

South America Pipelay Vessel Market Analysis

According to Cognitive Market Research, the global pipelay vessel market size was estimated at USD 39581.2 million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 1979.1 million in 2024 and will climb at a CAGR of 3.9% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil pipelay vessel market size was valued at USD 847 million in 2024 and is estimated to develop at a CAGR of 4.5% throughout the projection period. As Brazil continues to develop its offshore resources, investments in the necessary infrastructure, including subsea pipelines, are on the rise.
• Argentina's pipelay vessel market had a market share of USD 332.5 million in 2024 and is likely to climb at a CAGR of 4.8% within the forecasted period. Argentina is witnessing a burgeoning oil & gas sector, particularly in the Vaca Muerta shale formation, which is becoming increasingly attractive for exploration and production.
• Colombia pipelay vessel market is projected to witness growth at a CAGR of 3.7% within the forecast timeframe, with a market size of USD 176.1 million in 2024.
• Peru pipelay vessel market is projected to witness growth at a CAGR of 4.1% throughout the anticipated period, with a market size of USD 162.3 million in 2024.
• Chile pipelay vessel market is likely to observe growth at a CAGR of 4.2% within the estimated time frame, with a market size of USD 142.5 million in 2024.
• The Rest of Latin America's pipelay vessel market is estimated to see growth at a CAGR of 3% in the forecast period, with a market size of USD 318.6 million in 2024.

Middle East Pipelay Vessel Market Analysis

According to Cognitive Market Research, the global pipelay vessel market size was estimated at USD 39581.2 million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 791.6 million in 2024 and will climb at a CAGR of 4.2% from 2024 to 2031.

• The GCC countries pipelay vessel market is anticipated to flourish at a CAGR of 5% during the forecast period, reaching USD 338.8 million in 2024. The Gulf Cooperation Council (GCC) countries are making substantial investments in offshore oil & gas infrastructure to enhance production capacity and ensure energy security.
• The Egypt pipelay vessel market is expected to develop at a 4.5% CAGR over the forecast period, reaching USD 83.1 million in 2024.
• The South Africa pipelay vessel market is predicted to widen at a CAGR of 5.2% within the forecast timeframe, with a market size of USD 125.1 million in 2024. In South Africa, the exploration of offshore resources, particularly in the Agulhas Basin, is creating substantial growth opportunities for the pipelay vessel market.
• The Turkey pipelay vessel market is projected to witness growth at a CAGR of 3.7% in the forecasted period, with a market size of USD 68.1 million in 2024.
• The Nigeria pipelay vessel market is expected to increase at a CAGR of 3.3% over the projected time frame, with a market size of USD 83.1 million by 2024.
• The Rest of the MEA pipelay vessel market is predicted to rise at a CAGR of 3.2% in the forecast period, with a market size of USD 93.4 million in 2024.

Pipelay Vessel Market Analysis

Pipelay Vessel Market Type of Vessel Segment Analysis

According to Cognitive Market Research, specialized pipelay vessels hold the majority share in the pipelay vessel market due to their design and capability to perform specific tasks related to the installation of pipelines on the seabed. These vessels are equipped with advanced pipelaying technology, including dynamic positioning systems and sophisticated lay systems that enable precise and efficient installation of subsea pipelines.

Heavy-lift pipelay vessels represent the fastest-growing category in the pipelay vessel market, owing to their unique ability to undertake both pipelaying and heavy-lifting operations in a single platform. These vessels are designed to transport and install large and heavy pipeline sections, which makes them particularly valuable for deepwater and complex projects that require additional lifting capabilities. The growing trend towards deeper offshore drilling and the need for larger infrastructure to support energy production is increasing the market demand for heavy-lift pipelay vessels.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Pipelay Vessel Industry. Request a Free Sample PDF!

Pipelay Vessel Market Application Segment Analysis

According to Cognitive Market Research, the offshore oil & gas sector is the dominating application category in the pipelay vessel market, accounting for a majority portion of overall demand. This dominance is mainly driven by the continuous need for pipeline installation and maintenance in offshore fields, which are essential for transporting crude oil and natural gas from production sites to processing facilities. With many countries investing heavily in offshore exploration to meet rising energy demands, specialized pipelay vessels are important for ensuring efficient and safe pipeline operations in challenging marine environments.

The subsea infrastructure segment is rapidly developing within the pipelay vessel market, primarily attributed to the increased focus on underwater installations to support energy production and distribution. As companies explore deeper and more complex marine environments, the need for robust subsea systems, including pipelines, umbilicals, and risers, has intensified. This segment encompasses the installation of essential infrastructure that enhances connectivity and operational efficiency for offshore projects.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Pipelay Vessel Depth of Operation Segment Analysis

Pipelay Vessel Market Depth of Operation Segment Analysis

According to Cognitive Market Research, the deep-water is the leading category in the pipelay vessel market, primarily due to the increasing exploration and production activities in offshore regions that require advanced pipelaying capabilities. As oil & gas companies seek to tap into untapped reserves located in deeper waters, specialized pipelay vessels designed for deep water operations have become essential. These vessels are equipped with modern technologies that allow for precise installation of pipelines at significant depths, ensuring safety and efficiency in challenging marine conditions.

The ultra-deepwater is the highest developing category in the pipelay vessel market, owing to the shift towards exploring even more challenging marine environments. As the search for hydrocarbons continues to extend beyond traditional deep-water sites, ultra-deep-water operations require specialized vessels that can withstand extreme depths and conditions. This segment is experiencing rapid growth driven by highly advanced technological advancements, which enhance the capabilities of pipelay vessels to handle the complexities associated with ultra-deepwater projects.

• Shallow Water
• Deep Water
• Ultra-Deep Water

Pipelay Vessel Technology Segment Analysis

Pipelay Vessel Market Technology Segment Analysis

According to Cognitive Market Research, the reel lay method is the leading segment in the pipelay vessel market, recognized for its efficiency in laying pipelines over long distances. This technique involves coiling the pipeline onto a reel and then unwinding it as the vessel moves forward, allowing for continuous laying without the need for extensive jointing or welding on-site. The reel lay method is particularly advantageous for projects in moderate water depths. It is commonly used for installing flexible pipelines, which are increasingly popular in offshore oil and gas applications.

The J-lay method is the fastest-growing category in the pipelay vessel market, gaining traction due to its suitability for deep water and ultra-deepwater installations. This technique involves erecting the pipeline vertically in a ‘J’ shape as it is laid on the seabed, allowing for the installation of heavier and more rigid pipelines. The J-lay method is favored for its ability to handle complex installations and harsh environmental conditions, which makes it ideal for projects in challenging offshore locations.

• Reel Lay Method
• S-lay Method
• J-lay Method

Author's Detail

Aarti Bagekari

Research Associate at Cognitive Market Research

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I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.

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