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Oil and Gas Pipeline Market Size (2024 - 2029)

The oil and gas pipeline market is experiencing growth driven by the expansion of pipeline capacities and the commissioning of new projects to meet rising consumption demands. The market has rebounded to pre-pandemic levels, with increased offshore activities and abundant natural gas reserves contributing to this growth. Despite challenges posed by the global shift towards renewable energy sources, significant pipeline projects, such as those between Russia and Pakistan and India and Russia, are expected to enhance market opportunities. The Asia-Pacific region, particularly China and India, is poised for substantial growth due to high demand, leading to an expanding pipeline network.

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Market Size of Oil and Gas Pipeline Industry

Oil And Gas Pipeline Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 6.50 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Oil And Gas Pipeline Market Major Players

*Disclaimer: Major Players sorted in no particular order

Oil and Gas Pipeline Market Analysis

The oil and gas pipeline market is expected to register a CAGR of more than 6.5% during the forecast period.

The market was negatively impacted by the outbreak of COVID-19. Currently, the market has reached pre-pandemic levels.

  • In a bid to meet the rising oil and gas consumption, the pipeline capacities are being expanded, and new pipeline projects are being commissioned. Moreover, an increase in offshore activities, such as deepwater and ultra-deepwater production and development, is driving the oil and gas pipeline market. Also, The availability of abundant natural gas reserves and the lower cost in comparison to other fossil fuel types, among others, are expected to supplement the demand for natural gas from multiple end-use sectors, including power generation. This, in turn, is expected to boost the gas pipeline market during the forecast period.
  • However, the global shift toward renewable sources for electricity generation poses a massive threat to oil and gas demand, which is likely to be a significant challenge for oil and gas pipeline installation growth in the coming years.
  • Russia and Pakistan have agreed to build a new gas-carrying pipeline worth USD 2 billion. India and Russia also signed a deal worth USD 40 billion on natural gas exports to India. Such large-scale projects are expected to drive the pipeline industry to grow more, and this is expected to present an opportunity for the market players in the near future.
  • Asia-Pacific is expected to witness significant growth in the pipeline market due to the increasing demand for oil and gas from the major countries in the region. China and India have been the largest consumers of oil and gas in the Asia-Pacific region, and the pipeline network is growing at a significant pace in both countries.

Oil and Gas Pipeline Industry Segmentation

Pipeline transport is the long-distance transportation of a liquid or gas through a system of pipes, a pipeline, typically to a market area for consumption. The oil and pipeline business concentrates on the transportation, processing, and storage of crude oil and natural gas.

The oil and gas pipeline market is segmented by type, location of deployment, and geography. By type, the market is segmented into crude oil pipelines and gas pipelines. By location of deployment, the market is segmented into onshore and offshore. The report also covers the market size and forecasts for the oil and gas pipeline market across major regions. For each segment, the market sizing and forecasts have been done based on revenue (USD billion).

Location of Deployment
Onshore
Offshore
Type
Crude Oil Pipeline
Gas Pipeline
Geography
North America
Europe
Asia-Pacific
South America
Middle-East and Africa
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Oil and Gas Pipeline Market Size Summary

The oil and gas pipeline industry is poised for significant growth, driven by the expansion of pipeline capacities and the commissioning of new projects to meet the increasing demand for oil and gas. The market has rebounded to pre-pandemic levels after the initial setbacks caused by COVID-19. Key factors propelling the industry include the rise in offshore activities, such as deepwater and ultra-deepwater production, and the abundant availability of natural gas reserves, which is more cost-effective than other fossil fuels. This surge in natural gas demand, particularly from sectors like power generation, is expected to bolster the gas pipeline market. However, the global shift towards renewable energy sources presents a challenge to the growth of oil and gas pipeline installations.

Asia-Pacific is anticipated to experience substantial growth in the pipeline market, fueled by the increasing oil and gas consumption in major countries like China and India. The region's pipeline network is expanding rapidly to accommodate this demand. Significant projects, such as the agreements between Russia and Pakistan to build a new gas pipeline and the deal between India and Russia for natural gas exports, are expected to drive further industry growth. The development of new natural gas sources, including shale gas, and the resulting international trade dynamics are also contributing to the demand for pipeline infrastructure expansion. The market is moderately fragmented, with key players like Nippon Steel Corporation, Tenaris Inc., and TMK Group actively participating in various projects worldwide.

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Oil and Gas Pipeline Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD billion, till 2028

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraints

    6. 1.6 Supply Chain Analysis

    7. 1.7 Porter's Five Forces Analysis

      1. 1.7.1 Bargaining Power of Suppliers

      2. 1.7.2 Bargaining Power of Consumers

      3. 1.7.3 Threat of New Entrants

      4. 1.7.4 Threat of Substitutes Products and Services

      5. 1.7.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Location of Deployment

      1. 2.1.1 Onshore

      2. 2.1.2 Offshore

    2. 2.2 Type

      1. 2.2.1 Crude Oil Pipeline

      2. 2.2.2 Gas Pipeline

    3. 2.3 Geography

      1. 2.3.1 North America

      2. 2.3.2 Europe

      3. 2.3.3 Asia-Pacific

      4. 2.3.4 South America

      5. 2.3.5 Middle-East and Africa

Oil and Gas Pipeline Market Size FAQs

The Oil and Gas Pipeline Market is projected to register a CAGR of greater than 6.5% during the forecast period (2024-2029)

Tenaris Inc., TMK Group , Mott Macdonald Group Ltd. , Nippon Steel Corporation and ChelPipe Group are the major companies operating in the Oil and Gas Pipeline Market.

Oil and Gas Pipeline Market Report Snapshots

Oil and Gas Pipeline Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)