Energy and Power

The global offshore pipeline market is growing profusely. This growth attributes to the growing oil and gas industry witnessing an automation revolution, increasing investments, and integrating advanced technologies in offshore and onshore drilling activities. Rising environment concerns, efforts to improve the safety of pipelines & energy infrastructure, and significant investments in pipeline businesses are key driving forces for the market growth. Besides, substantial investments in developing techniques that can detect, characterize, and verify pipeline defects in different lifecycle stages of offshore assets drive the market. In its recent market report, Market Research Future (MRFR) asserts that the global offshore pipeline market is poised to garner exponential traction by 2030, growing at an impressive CAGR throughout the forecast period (2023-2030). Most oil and gas companies are advancing plans to develop hydrogen pipelines for offshore wind, acting as a key grow...

  Market Overview The offshore energy storage market is projected to expand at a CAGR of 9.5% between 2023 and 2030. Storage of energy produced by wind turbines and gas storage systems is what is known as offshore energy storage. Through energy storage systems, surplus power may be saved for later use.  The offshore energy storage market is projected to grow due to rising environmental consciousness and the strict laws and regulations put in place by regulatory bodies to encourage the widespread use of renewable energy sources. The worldwide offshore energy storage market is predicted to be propelled by an increase in investment in discovering and developing unconventional and conventional resources in deep water areas. Offshore oil and gas production facilities rely on energy storage devices for uninterrupted power supply and during power outages. Lockdowns imposed in numerous nations due to the COVID-19 outbreak have severely impacted many industries. Several limits on manu...