Share
Oil and Gas Pipeline Market Size, Share, and Analysis, By Type (Natural Gas, Crude Oil), By Sector (Upstream, Downstream, Mid-Stream), By Material Type (PVC, Stainless Steel, HDPE, Others), By Application (External Transportation & Distribution, Internal Process), By End Use (Onshore, Offshore) and Regional Forecasts, 2022-2032
Oil and Gas Pipeline Market size was USD 29.86 billion in 2021 and projected to grow from USD 32.7 billion in 2023 to USD 49.8 billion by 2032, exhibiting a CAGR of 4.8% during the forecast period.
Oil and gas pipelines are mostly used for transportation of oil and natural gas from the production area to consumption area. These pipelines are generally made of steel and plastic or of carbon steel for the gas pipes which are usually laid under-ground or water for assuring proper supply of oil and gas over long distances. Pipes are generally coated with corrosion-resistant materials to protect from environmental factors. Commonly used valves in pipeline systems are ball valves, gate valves, etc.
Oil and Gas Pipeline Market is expected to reach USD 49.8 billion, growing at a CAGR of 4.8% during forecast period owing to the increasing demand for energy, increasing production of oil and gas and the developing infrastructure which may boost the market growth. The growing usage of energy and the requirement of transporting oil and gas from production to utility sites may drive the market growth. The increasing investments in energy and power sector by certain governments globally is expected to drive the demand for oil and gas pipelines and boost the market growth. The demand for oil and natural gas is increasing rapidly from residential and commercial sectors which is also contributing to the growth of the oil and gas pipeline market.
Oil and Gas Pipeline Market is classified based on the Application into Onshore, Offshore. Offshore segment is expected to dominate the market in the forecast period. Offshore oil and gas projects have the major component as offshore pipes. Pipelines aid in the transportation of oil and gas from the subsea wells to the shore via the platform for processing and shipment. The huge offshore pipeline system also help in transportation of gas and oil from one country to another which are anticipated to boost the growth of the segment in the market.
Oil and Gas Pipeline Market is classified based on the Sector into Upstream, Downstream, Mid-Stream. Mid-stream segment is expected to dominate the oil and gas pipeline market in the forecast period owing to the wide use of pipelines for transport of raw material and the operations which involve characteristics of both midstream and upstream segments which supports in the transportation and storage and increases proportion of the oil and gas pipeline market.
Advancements in Inspection of Pipeline May Boost the Growth of the Market
Several advancements in the inspection of pipeline like the utilization of intelligent drone vehicles is expected to drive the demand for growth of oil and gas pipeline market which would assist in the inspection of pipelines. They are cost-effective and are linked to the Internet of Things (IoT) which aid in visual examination of pipeline. Drones can be operated independently which pools up the data and continues the scrutiny of the pipeline in a constrained network. The advancements in inspection technology of pipeline will enhance the safety and security of oil and gas pipelines which is anticipated to drive the demand for oil and gas pipeline market.
Growing Requirement of Natural Gas is Expected to Boost the Growth of the Market
The demand for natural gas is increasing continuously due to the growing utilization of natural gas. The awareness of utilizing natural gas is leading to creating demand for laying of pipeline systems and is anticipated to boost the growth of the market. Few environment advantages and scrutiny for energy safety in certain regions, the use of natural gas is may have early growth compared to remaining fuel kinds, which may boost the oil and gas pipeline market. The removal of natural gas resources and improvement of cost pressure are increasing the dealing of natural gas which is anticipated to drive the demand for the growth of pipeline network development.
Increasing Environmental Concerns May Restrain the Growth of the Market
The impact of oil and gas pipeline systems on the environment is increasing due to the leakage and spilling which is expected to hamper the growth of the market. Any kind of accidents may cause environmental contamination thereby polluting the water sources, ecosystems, wildlife which is anticipated to restrain the growth of the market.
Oil and Gas Pipeline Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Asia Pacific dominated the oil and gas pipeline market in 2021 and is expected to continue its dominance over the forecast period owing to the increased utilization of energy in countries of this region. The import of natural gas is increasing in this region and the production at local gas oil fields is increasing, which is expected to boost the growth of the oil and gas pipeline market.
The COVID-19 outbreak had resulted in the economic downfall. Several countries had imposed lockdowns and applied travel restrictions to control the spread of the virus. The economic unpredictability due to COVID-19 pandemic, resulted in the downfall of the market due to low oil prices and cancellations and delay of the work related to pipeline projects owing to the low availability of manpower. Covid-19 pandemic had a negative impact on the growth of the Oil and Gas Pipeline Market.
|
ATTRIBUTE |
DETAILS |
|
Study Period |
2018-2032 |
|
Base Year |
2022 |
|
Forecast Period |
2021-2032 |
|
Historical Period |
2019-2021 |
|
Growth Rate |
CAGR of 4.8% from 2022-2032 |
|
Unit |
Value (USD Billion) |
|
Segmentation |
Main Segments List |
|
Type |
|
|
Sector |
|
|
Material Type |
|
|
Application |
|
|
End Use |
|
|
By Region |
|
Oil and Gas Pipeline Market size was estimated at USD 29.86 billion in 2021 and is expected to reach USD 49.8 billion in 2032.
Oil and gas pipelines are mostly used for transportation of oil and natural gas from the production area to consumption area. These pipelines are generally made of steel and plastic or of carbon steel for the gas pipes which are usually laid under-ground or water for assuring proper supply of oil and gas over long distances.
Offshore and Mid-Stream segments accounted for the largest Oil and Gas Pipeline market share.
Key players: Essar Steel India Ltd., BP Plc, ArcelorMittal SA, voestalpine AG, Burrow Global LLC, General Electric Co., Chevron Corp., TMK, China National Petroleum Corp., Hyundai Steel Co., Mott MacDonald, Shengli Oil and Gas Pipe Holdings Ltd., Nippon Steel Corp., Tenaris SA, SAIPEM SpA, United States Steel Corp., Vallourec SA and Other Prominent Players are the key players in the Oil and Gas Pipeline Market.
Advancements in Inspection of Pipeline and Growing Requirement of Natural Gas are the factors driving the Oil and Gas Pipeline market.
Select License Type
Select License Type
FATPOS CLIENT Appriciation DURING THE PROJECT
Working with Fatpos Global, allowed us to take advantage of their knowledge and easy approach, allowing us to collect important data utilizing a variety of techniques. The results were clearly presented and explained, and FG responded to our questions with speed and expertise.
|
Swiss-based global building materials manufacturer |
The analyses and presentations Fatpos Global have produced for us have been of a very high caliber and have allowed us to proactively improve our customer relationship management. They have also done so while maintaining complete anonymity. Without any doubt, we suggest Fatpos Global to you.
|
|
Tech-powered construction company |
We appreciate the team’s punctuality, flexibility in terms of report modification, post report purchase support and pleasant reaction all around. Overall, my experience with this company was nothing but positive, and I couldn't be more grateful for their excellent service. Thank you for all that you do!
|
|
American global management consulting firm |
We are able to concentrate on the topics and implications that are most important to our clients thanks to the adaptability and responsiveness of the team at Fatpos Global. We would highly recommend this company to anyone in need of their services, and I will certainly be using them again in the future.
|
|
Headquartered in Zug, Switzerland, leading supplier of medical and surgical instrument |
To better study our client demographics, develop the ideal product-price architecture, and enhance our target marketing initiatives, we hired Fatpos Global. Every component of the project was completed, and we are very happy with the useful insights and actionable results.
|
|
Kosovan company, A leading organic fertilizers producer |
Thank you for your team's generous assistance, The final report was delivered to me, and I find it to be really helpful. Also, you may be sure that I will get in touch with you if I ever require fresh materials for market research. Gratitude once more.
|
|
German specialty chemicals company based in Cologne, Germany |
