The global oil and gas pipeline market is expected to expand at a robust CAGR during the forecast period, between 2021 and 2028. Oil and gas pipeline is a high-pressure delivery system for oil or gas. Pipeline systems connect several places to move resources across regions effectively and swiftly, while also providing safety measures against leaks during transit due to corrosion or any other reason. It is built of plastic, concrete, steel, and other materials and is used to carry natural resources from extraction sites to processing facilities before they are distributed to end-user consumers. These pipes are widely used as they aid in the transportation of big amount of oil across great distances. With minimum processing, oil and gas are taken from underground sources and exchanged in domestic and international markets. Pipelines, boats, ships, truck tankers, and railways are the primary modes of transportation for oil and gas.
Market Trends, Drivers, Restraints, and Opportunities:
- Increased demand for natural gas in a variety of industries, including transportation and power generation, is expected to boost the market.
- Rising chemical product exports is anticipated drives the growth of the market.
- The demand and construction of new pipeline infrastructure is anticipated to drive the growth of the oil and gas pipeline market.
- The availability of raw materials at cheap costs can contribute to the market growth.
- The market's shift toward renewable and sustainable energy sources for power generation is a significant hindrance to the market expansion.
- High installation costs hinder the market growth.
- Increasing demand for natural gas and crude oil in developing countries, as well as increasing technological innovations in the oil and gas market, have created numerous opportunities in the market.
Scope of the report:
The report on the oil and gas pipeline market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
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Attributes
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Details
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Report Title
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Global Oil and Gas Pipeline Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018 & 2019
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Forecast Period
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2021–2028
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Segmentation
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Types (Crude Oil Pipeline and Gas Pipeline), Location of Deployments (Onshore and Offshore)
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Regional Scope
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Asia Pacific, North America, Europe, Latin America, and Middle East & Africa
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Report Coverage
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Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast
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Oil and Gas Pipeline Market Segment Insights:
Gas pipeline segment is projected to hold significant market share
Based on types, the oil and gas pipeline market can be bifurcated into crude oil pipeline and gas pipeline. The gas pipeline segment is projected to hold significant market share due to availability of extensive natural gas deposits, as well as the lower cost of natural gas in contrast to other fossil fuel types. This is likely to support natural gas demand from several end-use industries, including power production, during the forecast period.
Onshore segment is anticipated to account for a substantial share
On the basis of location of deployments, the market can be segmented into onshore and offshore. The onshore segment is anticipated to account for a substantial share owing to rising demand for natural gas and increased use of renewable energy. Natural gas and natural liquid gas (NGL) are expected to boost segment growth during the projection period due to their dependability, sustainability, and cost-effectiveness. The offshore segment is anticipated to expand at a rapid pace in the near future. Expansion in offshore operations, such as ultra-deep water and deep water development and production, is driving the oil and gas pipeline market. The increasing demand for natural gas, crude oil, and refined products by high energy-consuming countries is the primary market driver for the offshore pipeline segment. The offshore pipeline transportation is more efficient than other modes of transportation.
Asia Pacific is expected to dominate the market
In terms of regions, the oil and gas pipeline market can be categorized as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the market. The region is well-known for its utilization of oil and gas through pipeline. India and China are expected to be the primary consumers of pipeline-supplied oil and gas. China is expected to strengthen its gas pipeline network in order to increase the share of clean fuels in the country's energy mix. Some of the primary reasons driving the growth of the onshore oil and gas pipeline market includes rising demand and new pipeline infrastructure in Asia Pacific.
Segments
Segments Covered in the Report:
By Types
- Crude Oil Pipeline
- Gas Pipeline
By Location of Deployments
By Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Competitive Landscape
Key players in the gas and oil pipeline market are Nippon Steel Corporation; ChelPipe Group; Tenaris Inc.; Shengli Oil & Gas Pipe Holdings Limited; TMK Group; United States Steel Corporation; OMK Steel Ltd; Mott Macdonald Group Ltd; Gazprom; and TechnipFMC PLC. These players have actively engaged in several market development activities including collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to strengthen their geographical presence and expand their customer base globally.
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