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Global Offshore Pipeline (More than 24 inches and Less than 24 inches) Market Forecast to 2027 - ResearchAndMarkets.com
February 9, 2021 GMT
DUBLIN--(BUSINESS WIRE)--Feb 9, 2021--
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The market was valued at US$ 11.97 billion in 2019 and is projected to reach US$ 15.01 billion by 2027; it is expected to grow at a CAGR of 3.1% from 2020 to 2027.
The US, Canada, and Mexico are major economies contributing to the offshore pipeline market in North America. North America is a developed region in terms of various factors such as modern technology, standard of living, and infrastructure. The region comprises ~14% of the crude oil and 6% of the natural gas reserves in the world.