Offshore Oil and Gas Pipes Fittings and Flanges Market Growth, Size, Share, Trends, Key Players Analysis, and Forecast by 2030

Offshore Oil and Gas Pipes Fittings and Flanges Market Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type (Pipes, Fitting, and Flanges), Material Type (Steel, Alloy Steel, Nickel Alloys, and Copper Alloys); and Geography

  • Report Code : TIPRE00032624
  • Category : Energy and Power
  • Status : Published
  • No. of Pages : 140
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The offshore oil and gas pipes fittings and flanges market size is projected to reach US$ 12,033.8 million by 2030 from US$ 7,385.0 million in 2022. The market is expected to register a CAGR of 6.3% in 2022–2030. Increasing offshore oil & gas production, rising production of new offshore oil rigs, and reconstruction of existing and old offshore oil & gas rigs are among the key trends driving the offshore oil and gas pipes fittings and flanges market.

Offshore Oil and Gas Pipes Fittings and Flanges Market Analysis

The offshore oil and gas pipes fittings and flanges market is expected to experience considerable growth during the analyzed timeframe owing to the rising number of offshore natural gas projects as well as the discovery of new offshore oil fields, particularly in remote locations. Additionally, the depletion of existing oil & gas reserves in various countries has created a demand for cross-border pipelines for the supply of oil & gas-related products, which is boosting the growth of the offshore oil and gas pipes fittings and flanges market. The increasing demand for cost-effective transportation methods for oil and gas is one of the major factors that is expected to boost the demand for offshore pipes fittings and flanges in the overseas oil & gas sector across the globe.

Offshore Oil and Gas Pipes Fittings and Flanges Market Overview

With the mounting population and industrialization, the demand for energy is also rising at the global level. The rise in energy consumption also boosted the need for oil and gas in developing and developed economies. This has resulted in driving the demand for offshore infrastructure across the globe which in turn is projected to drive the offshore oil and gas pipes fittings and flanges market. In addition, the large population, high per capita income, and rapid industrialization are driving the demand for oil and gas, which in turn is expected to drive the offshore oil & gas pipes, fittings, and flanges market in the world.

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Offshore Oil and Gas Pipes Fittings and Flanges Market: Strategic Insights

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Market Size Value inUS$ 7,385.0 million in 2022
Market Size Value byUS$ 12,033.8 million by 2030
Growth rateCAGR of 6.3% from 2022 to 2030
Forecast Period2022-2030
Base Year2022
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Offshore Oil and Gas Pipes Fittings and Flanges Market Drivers and Opportunities

The Raising Demand for Natural Gas and Crude Oil is expected to be the Prime Driver for the Offshore Oil and Gas Pipes Fittings and Flanges Market

The demand for oil & natural gas is witnessing a constant increase across the world. The US and UK have registered the most considerable growth. The robust increase in petrochemical demand in the US resulted in increased consumption. The surge in industrial production, along with the high demand for trucking services, is boosting the demand for petrochemicals, thereby fuelling the offshore oil and gas pipes fittings and flanges market growth. Moreover, the growth in air traffic volumes worldwide, particularly in Asia's developing economies, is another significant factor resulting in increased oil consumption.

The Organization of the Petroleum Exporting Countries (OPEC) published ‘The 2020 OPEC World Oil Outlook’ in October 2020. As per the outlook, the outbreak of the COVID-19 pandemic led to a downturn in oil demand; however, it was expected that global energy demand would register constant growth in the future, rising by a noteworthy 25% to 2045. The outlook further anticipates oil to be the largest contributor in the energy mix market, contributing 27% of the overall energy share by 2045. The demand for oil products is estimated to rise at more than ~47 mb/day during 2022–2025 in OECD countries. On the other hand, the demand in non-OECD countries is projected to hike by 22.5 mb/day during the forecast period to 2045.

Efforts to Improve Oil Recovery Operations to Reduce Dependency on Oil & Gas Imports

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 and gas pipes fittings and flanges market players in the coming years.

Offshore Oil and Gas Pipes Fittings and Flanges Market Report Segmentation Analysis

Key segments that contributed to the derivation of the offshore oil and gas pipes fittings and flanges market analysis are product type and material type.

  • Based on product type, the offshore oil and gas pipes fittings and flanges market has been divided into pipes, fitting, and flanges. The pipes segment held a larger market share in 2022.
  • Based on the material type, the offshore oil and gas pipes fittings and flanges market has been divided into steel, alloy steel, nickel alloys, and copper alloys. The steel segment held a larger market share in 2022.

Offshore Oil and Gas Pipes Fittings and Flanges Market Share Analysis by Geography

The geographic scope of the offshore oil and gas pipes fittings and flanges market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East and Africa, and South America.

Europe has dominated the offshore oil and gas pipes fittings and flanges market in 2023. The European region includes Germany, Norway, Italy, Russia, the UK, and the Rest of Europe. The growth in offshore activities is opportunistic for pipeline market growth in Europe. Further, the recovery of the economies across Europe is expected to drive growth in the demand for oil & gas in the coming years. Europe is the 2nd largest producer of petroleum products globally, persisting with an oil refining capacity of more than 15% of the total. The gas industry in Europe has observed various shifts owing to the rising European LNG demand. The government bodies have taken various steps to offer notices including ample of UK industries, comprising of oil and gas. Norway and Russia still maintained their position as natural gas suppliers, whereas Germany, France, and Italy are the main importers of natural gas. Thus, a large number of offshore projects for oil & gas would accelerate the demand for pipes, fittings & flanges, and services as well.

Offshore Oil and Gas Pipes Fittings and Flanges Market Report Scope

Offshore Oil and Gas Pipes Fittings and Flanges Market News and Recent Developments

The offshore oil and gas pipes fittings and flanges market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for offshore oil and gas pipes fittings and flanges market and strategies:

  • In July 2023, Vallourec won two major orders for supplying line pipes for phases 6 & 8 of the Buzios oil field development which is operated by Petrobras. These orders are in addition to the previous contract for phase 7, representing a total of 48,000 tons of line pipe.
  • In June 2021, AFG Holdings, Inc. announced that it had acquired the shares of Maass Flange Corporation and its affiliated businesses in Mexico and Canada. Maass Flange Corporation is the largest domestic manufacturing supplier of stainless and nickel alloy flanges in North America.

Offshore Oil and Gas Pipes Fittings and Flanges Market Report Coverage and Deliverables

The “Offshore Oil and Gas Pipes Fittings and Flanges Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:

  • Market size and forecast at global, regional, & country levels for all the key market segments covered under the scope
  • Market dynamics such as drivers, restraints, and key opportunities
  • Key future trends
  • Detailed Porter’s Five Forces analysis
  • Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
  • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
  • Detailed company profiles with SWOT analysis
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product Type, Material Type, and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

1. 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

4.4 Cost Analysis

4.4.1 Cost Drivers and Cost Trend for Pipes, Fittings, and Flanges in the Offshore Oil and Gas Industry:

5. Offshore Oil & Gas Pipes Fittings and Flanges Market - Key Industry Dynamics

5.1 Offshore Oil and 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 - Global 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

6.2.1 Analysis

7. Offshore Oil and Gas Pipes Fittings and Flanges Market Analysis - Product Type

7.1 Overview

7.2 Offshore Oil and 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. Offshore Oil and Gas Pipes Fittings and Flanges Market Analysis - Material Type

8.1 Overview

8.2 Offshore Oil and 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. Offshore Oil & Gas Pipes Fittings and Flanges Market - Geographical Analysis

9.1 Overview

9.2 North America

9.2.1 North America Offshore Oil & Gas Pipes Fittings and Flanges Market Overview

9.2.2 North America Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts to 2030 (US$ Mn)

9.2.3 North America Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Product Type

9.2.3.1 North America Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts and Analysis - By Product Type

9.2.4 North America Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Material Type

9.2.4.1 North America Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts and Analysis - By Material Type

9.2.5 North America Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts and Analysis - By Country

9.2.5.1 North America Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts and Analysis - By Country

9.2.5.2 US Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts to 2030 (US$ Mn)

9.2.5.2.1 US Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Product Type

9.2.5.2.2 US Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Material Type

9.2.5.3 Canada Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts to 2030 (US$ Mn)

9.2.5.3.1 Canada Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Product Type

9.2.5.3.2 Canada Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Material Type

9.2.5.4 Mexico Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts to 2030 (US$ Mn)

9.2.5.4.1 Mexico Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Product Type

9.2.5.4.2 Mexico Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Material Type

9.3 Europe

9.3.1 Europe Offshore Oil & Gas Pipes Fittings and Flanges Market Overview

9.3.2 Europe Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts to 2030 (US$ Mn)

9.3.3 Europe Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Product Type

9.3.3.1 Europe Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts and Analysis - By Product Type

9.3.4 Europe Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Material Type

9.3.4.1 Europe Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts and Analysis - By Material Type

9.3.5 Europe Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts and Analysis - By Country

9.3.5.1 Europe Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts and Analysis - By Country

9.3.5.2 Germany Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts to 2030 (US$ Mn)

9.3.5.2.1 Germany Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Product Type

9.3.5.2.2 Germany Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Material Type

9.3.5.3 Norway Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts to 2030 (US$ Mn)

9.3.5.3.1 Norway Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Product Type

9.3.5.3.2 Norway Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Material Type

9.3.5.4 Italy Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts to 2030 (US$ Mn)

9.3.5.4.1 Italy Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Product Type

9.3.5.4.2 Italy Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Material Type

9.3.5.5 Russia Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts to 2030 (US$ Mn)

9.3.5.5.1 Russia Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Product Type

9.3.5.5.2 Russia Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Material Type

9.3.5.6 UK Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts to 2030 (US$ Mn)

9.3.5.6.1 UK Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Product Type

9.3.5.6.2 UK Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Material Type

9.3.5.7 Rest of Europe Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts to 2030 (US$ Mn)

9.3.5.7.1 Rest of Europe Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Product Type

9.3.5.7.2 Rest of Europe Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Material Type

9.4 Asia-Pacific

9.4.1 Asia-Pacific Offshore Oil & Gas Pipes Fittings and Flanges Market Overview

9.4.2 Asia-Pacific Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts to 2030 (US$ Mn)

9.4.3 Asia-Pacific Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Product Type

9.4.3.1 Asia-Pacific Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts and Analysis - By Product Type

9.4.4 Asia-Pacific Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Material Type

9.4.4.1 Asia-Pacific Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts and Analysis - By Material Type

9.4.5 Asia-Pacific Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts and Analysis - By Country

9.4.5.1 Asia-Pacific Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts and Analysis - By Country

9.4.5.2 Australia Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts to 2030 (US$ Mn)

9.4.5.2.1 Australia Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Product Type

9.4.5.2.2 Australia Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Material Type

9.4.5.3 China Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts to 2030 (US$ Mn)

9.4.5.3.1 China Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Product Type

9.4.5.3.2 China Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Material Type

9.4.5.4 Japan Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts to 2030 (US$ Mn)

9.4.5.4.1 Japan Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Product Type

9.4.5.4.2 Japan Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Material Type

9.4.5.5 India Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts to 2030 (US$ Mn)

9.4.5.5.1 India Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Product Type

9.4.5.5.2 India Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Material Type

9.4.5.6 Indonesia Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts to 2030 (US$ Mn)

9.4.5.6.1 Indonesia Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Product Type

9.4.5.6.2 Indonesia Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Material Type

9.4.5.7 Rest of Asia-Pacific Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts to 2030 (US$ Mn)

9.4.5.7.1 Rest of Asia-Pacific Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Product Type

9.4.5.7.2 Rest of Asia-Pacific Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Material Type

9.5 Middle East & Africa

9.5.1 Middle East & Africa Offshore Oil & Gas Pipes Fittings and Flanges Market Overview

9.5.2 Middle East & Africa Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts to 2030 (US$ Mn)

9.5.3 Middle East & Africa Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Product Type

9.5.3.1 Middle East & Africa Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts and Analysis - By Product Type

9.5.4 Middle East & Africa Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Material Type

9.5.4.1 Middle East & Africa Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts and Analysis - By Material Type

9.5.5 Middle East & Africa Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts and Analysis - By Country

9.5.5.1 Middle East & Africa Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts and Analysis - By Country

9.5.5.2 U.A.E. Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts to 2030 (US$ Mn)

9.5.5.2.1 U.A.E. Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Product Type

9.5.5.2.2 U.A.E. Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Material Type

9.5.5.3 Saudi Arabia Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts to 2030 (US$ Mn)

9.5.5.3.1 Saudi Arabia Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Product Type

9.5.5.3.2 Saudi Arabia Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Material Type

9.5.5.4 Qatar Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts to 2030 (US$ Mn)

9.5.5.4.1 Qatar Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Product Type

9.5.5.4.2 Qatar Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Material Type

9.5.5.5 Rest of Middle East & Africa Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts to 2030 (US$ Mn)

9.5.5.5.1 Rest of Middle East & Africa Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Product Type

9.5.5.5.2 Rest of Middle East & Africa Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Material Type

9.6 South America

9.6.1 South America Offshore Oil & Gas Pipes Fittings and Flanges Market Overview

9.6.2 South America Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts to 2030 (US$ Mn)

9.6.3 South America Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Product Type

9.6.3.1 South America Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts and Analysis - By Product Type

9.6.4 South America Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Material Type

9.6.4.1 South America Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts and Analysis - By Material Type

9.6.5 South America Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts and Analysis - By Country

9.6.5.1 South America Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts and Analysis - By Country

9.6.5.2 Brazil Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts to 2030 (US$ Mn)

9.6.5.2.1 Brazil Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Product Type

9.6.5.2.2 Brazil Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Material Type

9.6.5.3 Argentina Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts to 2030 (US$ Mn)

9.6.5.3.1 Argentina Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Product Type

9.6.5.3.2 Argentina Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Material Type

9.6.5.4 Rest of South America Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts to 2030 (US$ Mn)

9.6.5.4.1 Rest of South America Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Product Type

9.6.5.4.2 Rest of South America Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Material Type

10. Offshore Oil & Gas Pipes Fittings and Flanges Market – Impact of COVID-19 Pandemic

10.1 Pre & Post Covid-19 Impact

11. Competitive Landscape

11.1 Heat Map Analysis by Key Players

11.2 Company Positioning & Concentration

12. Industry Landscape

12.1 Overview

12.2 Market Initiative

12.3 Mergers & Acquisitions

13. Company Profiles

13.1 Sumitomo Corp

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 US Metals Inc

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.2.6 Key Developments

13.3 London Fittings & Flanges Ltd

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 American Piping Products Inc

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 Alliance Pipes & Fittings

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

13.6 AFG Holdings Inc

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

13.7 Flanschenwerk Bebitz GmbH

13.7.1 Key Facts

13.7.2 Business Description

13.7.3 Products and Services

13.7.4 Financial Overview

13.7.5 SWOT Analysis

13.7.6 Key Developments

13.8 Kerkau Manufacturing Inc

13.8.1 Key Facts

13.8.2 Business Description

13.8.3 Products and Services

13.8.4 Financial Overview

13.8.5 SWOT Analysis

13.8.6 Key Developments

13.9 SoluForce BV

13.9.1 Key Facts

13.9.2 Business Description

13.9.3 Products and Services

13.9.4 Financial Overview

13.9.5 SWOT Analysis

13.9.6 Key Developments

13.10 KME Germany GmbH

13.10.1 Key Facts

13.10.2 Business Description

13.10.3 Products and Services

13.10.4 Financial Overview

13.10.5 SWOT Analysis

13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 Word Index

List of Tables

Table 1. Offshore Oil & Gas Pipes Fittings and Flanges Market Segmentation

Table 2. Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Million)

Table 3. Offshore Oil and Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Million) – Product Type

Table 4. Offshore Oil and Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Million) – Material Type

Table 5. North America Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type

Table 6. North America Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Type

Table 7. North America Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Country

Table 8. US Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type

Table 9. US Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Type

Table 10. Canada Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type

Table 11. Canada Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Type

Table 12. Mexico Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type

Table 13. Mexico Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Type

Table 14. Europe Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type

Table 15. Europe Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Type

Table 16. Europe Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Country

Table 17. Germany Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type

Table 18. Germany Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Type

Table 19. Norway Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type

Table 20. Norway Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Type

Table 21. Italy Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type

Table 22. Italy Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Type

Table 23. Russia Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type

Table 24. Russia Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Type

Table 25. UK Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type

Table 26. UK Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Type

Table 27. Rest of Europe Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type

Table 28. Rest of Europe Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Type

Table 29. Asia-Pacific Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type

Table 30. Asia-Pacific Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Type

Table 31. Asia-Pacific Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Country

Table 32. Australia Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type

Table 33. Australia Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Type

Table 34. China Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type

Table 35. China Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Type

Table 36. Japan Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type

Table 37. Japan Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Type

Table 38. India Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type

Table 39. India Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Type

Table 40. Indonesia Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type

Table 41. Indonesia Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Type

Table 42. Rest of Asia-Pacific Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type

Table 43. Rest of Asia-Pacific Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Type

Table 44. Middle East & Africa Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type

Table 45. Middle East & Africa Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Type

Table 46. Middle East & Africa Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Country

Table 47. U.A.E. Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type

Table 48. U.A.E. Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Type

Table 49. Saudi Arabia Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type

Table 50. Saudi Arabia Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Type

Table 51. Qatar Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type

Table 52. Qatar Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Type

Table 53. Rest of Middle East & Africa Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type

Table 54. Rest of Middle East & Africa Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Type

Table 55. South America Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type

Table 56. South America Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Type

Table 57. South America Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Country

Table 58. Brazil Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type

Table 59. Brazil Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Type

Table 60. Argentina Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type

Table 61. Argentina Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Type

Table 62. Rest of South America Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Product Type

Table 63. Rest of South America Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn) – By Material Type

Table 64. Heat Map Analysis by Key Players

Table 65. List of Abbreviation

List of Figures

Figure 1. Offshore Oil & Gas Pipes Fittings and Flanges Market Segmentation, By Geography

Figure 2. PORTER Analysis

Figure 3. Ecosystem: Offshore Oil & Gas Pipes Fittings and Flanges Market

Figure 4. Impact Analysis of Drivers and Restraints

Figure 5. Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Geography, 2022 and 2030 (%)

Figure 6. Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue (US$ Million), 2022 – 2030

Figure 7. Offshore Oil and Gas Pipes Fittings and Flanges Market Share (%) – Product Type, 2022 and 2030

Figure 8. Pipes Market Revenue and Forecasts To 2030 (US$ Million)

Figure 9. Fittings Market Revenue and Forecasts To 2030 (US$ Million)

Figure 10. Flanges Market Revenue and Forecasts To 2030 (US$ Million)

Figure 11. Offshore Oil and Gas Pipes Fittings and Flanges Market Share (%) – Material Type, 2022 and 2030

Figure 12. Steel Market Revenue and Forecasts To 2030 (US$ Million)

Figure 13. Alloy Steel Market Revenue and Forecasts To 2030 (US$ Million)

Figure 14. Nickel Alloy Market Revenue and Forecasts To 2030 (US$ Million)

Figure 15. Copper Alloy Market Revenue and Forecasts To 2030 (US$ Million)

Figure 16. Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Region, 2022 and 2030 (%)

Figure 17. North America Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 18. North America Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Product Type (2022 and 2030)

Figure 19. North America Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Material Type (2022 and 2030)

Figure 20. North America Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Country (2022 and 2030)

Figure 21. US Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 22. Canada Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 23. Mexico Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 24. Europe Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 25. Europe Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Product Type (2022 and 2030)

Figure 26. Europe Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Material Type (2022 and 2030)

Figure 27. Europe Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Country (2022 and 2030)

Figure 28. Germany Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 29. Norway Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 30. Italy Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 31. Russia Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 32. UK Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 33. Rest of Europe Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 34. Asia-Pacific Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 35. Asia-Pacific Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Product Type (2022 and 2030)

Figure 36. Asia-Pacific Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Material Type (2022 and 2030)

Figure 37. Asia-Pacific Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Country (2022 and 2030)

Figure 38. Australia Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 39. China Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 40. Japan Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 41. India Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 42. Indonesia Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 43. Rest of Asia-Pacific Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 44. Middle East & Africa Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 45. Middle East & Africa Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Material Type (2022 and 2030)

Figure 46. Middle East & Africa Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Material Type (2022 and 2030)

Figure 47. Middle East & Africa Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Country (2022 and 2030)

Figure 48. U.A.E. Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 49. Saudi Arabia Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 50. Qatar Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 51. Rest of Middle East & Africa Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 52. South America Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 53. South America Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Material Type (2022 and 2030)

Figure 54. South America Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Material Type (2022 and 2030)

Figure 55. South America Offshore Oil & Gas Pipes Fittings and Flanges Market Breakdown by Country (2022 and 2030)

Figure 56. Brazil Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 57. Argentina Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 58. Rest of South America Offshore Oil & Gas Pipes Fittings and Flanges Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 59. Company Positioning & Concentration

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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