Global Oil & Gas Pipeline Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
Oil & Gas Pipeline Market: Overview
“The global Oil & Gas Pipeline Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Petroleum products such as petrol, diesel, LPG, kerosene, and heavy fuel oil are transported from producing region to numerous consumption centers by a various modes of network i.e. pipelines, road, rail and sea or a combination. Pipelines mode is the most preferred mode of transportation to carry oil and gas products to various distribution centers.
Oil & Gas Pipeline Market: Dynamics
Increasing drilling & extraction activities for oil and gas production and surge in demand for pipeline installation for transportation of derived products in developed and developing economies are some of the major factors expected to boost growth of the target market. In addition, technological advancement including embedding enhanced technological features, development of remote and hard to access areas, along with rising number of government initiatives to ensure environment friendly advanced pipeline technology are some of the other factors anticipated to bolster growth of the target market. Moreover, expansion of industries, urbanization, and rising discoveries of gas reserves are also expected to propel growth of the target market during the forecast period.
However, stringent regulations regarding carbon emissions and energy efficiency which may restrain growth of the target market over the forecast period.
Oil & Gas Pipeline Market: Segment Analysis
Global market is segmented on the basis of material type, operation, application, and geography.
By material type, the global market is segmented into stainless steel, PVC, and HDPE. Stainless steel segment is expected to hold significant share in the market over the forecast period. Increasing adoption of stainless steel materials due to growing preference for protective and robust pipes is a major factor expected to propel growth of the target segment over the forecast period.
By operation, the global market is segmented into transmission and distribution. The distribution network segment is contributing major revenue share, and is expected to maintain its dominance over the forecast period.
On the basis of application, the target market segmented into onshore and offshore. Increasing number of oil & gas development projects coupled with rising investment toward offshore E&P activities are some of the factors expected to drive offshore oil & gas pipeline segment.
Oil & Gas Pipeline Market: Regional Analysis
The Asia Pacific oil & gas pipeline market accounts for highest market share in terms of revenue in the global market and expected to maintain its dominance over the forecast period. This dominance can be attributed to technological advancement to support smart city and government initiatives regarding embedding enhanced technological features that include advanced sensory for the in-inline inspection of the oil & gas pipes. Further, countries such as China and India have experienced a significant rise in oil and gas pipeline market, owing to the natural gas import and export activities, increasing spending capability of consumers on pipeline network, and rapidly modifying gas pipeline infrastructure.
According to report “Vision 2030” Natural Gas Infrastructure in India, published by Petroleum and Gas Regulatory Board (PNGRB), the natural gas pipeline infrastructure is expected to grow to about 28,000 kms in length during the forecast years. By the end of 2023, the pipeline network in India is expected to reach around 31,432 kilometers.
The Europe oil & gas pipeline market is expected to grow at a significant rate over the forecast period, due to planning and constructing new pipelines in onshore as well as offshore applications to increase transport of natural gas.
The market in North America is expected to witness for moderate growth in terms of revenue over the forecast period. Moreover, the market in Middle East & Africa is also expected to witness significant development and discoveries in offshore fields during the forecast period.
In April 2018, Nigerian National Petroleum Corporation (NNPC) signed contract agreements for 614 kms Ajaokuta-Kaduna-Kano (AKK) gas pipeline project.
Global Oil and Gas Pipes Market Segmentation:
Segmentation by Material Type:
- Stainless steel
Segmentation by Application:
Segmentation by Operation:
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Nippon Steel & Sumitomo Metal
- Tenaris Inc.
- TMK Group
- Shengli Oil & Gas Pipe Holdings Limited
- United States Steel Corporation
- OMK Steel Ltd.
- WELSPUN GROUP
- JFE Steel Corp.
- ArcelorMittal SA
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