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In 2022, the size of the oil and gas pipeline market was estimated at USD 25.9 billion. The industry for oil and gas pipelines is anticipated to increase from USD 27.3 billion in 2023 to USD 41.9 billion by 2030, with a compound annual growth rate (CAGR) of 6.50% over the five-year projection period (2023–2030). The main factors boosting market growth include rising demand for pipelines to transport oil and gas as well as rising use of renewable energy.
The market CAGR for Oil and Gas Pipeline is being driven by improvements in pipeline inspection. One of the improvements in pipeline inspection is intelligent drone vehicles. They provide a low-cost method of visual pipeline inspection and are connected to the Internet of Things (IoT). These drones can function autonomously when network access is complicated or limited. In these situations, the drone gathers the information and keeps inspecting the pipeline section inside the restricted network area. It re-establishes the connection and sends the previously acquired data when it reaches the pipeline segment where the network is accessible. Thus, improvements in pipeline inspection technology will increase the safety and security of oil and gas pipelines, improving their acceptance over other oil and gas transport modes and, as a consequence, driving their preference over other modes of transport and, in turn, driving their acceptance and, as a result, growing their market share.
Additionally, oil and gas exploration and production companies are looking for less explored locations as a result of the oil and gas depletion in readily accessible onshore regions. Onshore oil resources are nearing or have reached maturity. Deep-water and ultra-deep-water oil and gas wells are grabbing the interest of upstream oil and gas companies because to their massive resources and untapped potential. The future of deep-water and ultra-deep-water projects is probably bright due to rising crude oil prices. Therefore, during the projection period, a surge in E&P operations will propel market expansion. Additionally, according to the Energy Monitor, 16 gas pipelines totaling 3,200 km and costing EUR 6.5 billion are now being constructed in Europe. Included in this are EUR 2.1 billion for the Baltic Pipe Project, which is anticipated to increase the EU's ability to import gas by 10 billion cubic metres annually.
Crude oil and natural gas are included in the market segmentation for oil and gas pipelines depending on type. A sizeable portion of the market is accounted for by the natural gas segment. Gas is transported via natural gas pipes from stationary facilities to a variety of locations, including homes and export facilities. The process involves the use of transmission, gathering, and distribution systems. Similar to crude oil gathering systems, natural gas gathering systems also gather raw materials from producing wells and transport them via sizable transmission pipelines from facilities to ports and refineries. For instance, the Indian government planned to set a goal in July 2022 to raise the share of natural gas in the energy mix from 6.3% to 15% by 2030. The proportion of natural gas in India's primary energy mix increased from 6.3% to 6.7% between 2020 and 2021.
Report Coverage
Global Oil and Gas Pipeline research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Oil and Gas Pipeline report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Oil and Gas Pipeline competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Oil and Gas Pipeline market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Oil and Gas Pipeline market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Oil and Gas Pipeline market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Gazprom, China National Petroleum Corporation, Chevron Corporation, ConocoPhillips, Tenaris S.A., TMK, National Oilwell Varco, Maharashtra Seamless Ltd, General Electric. SaipemSip.A, Subsea 7 S.A. TechnipFMC, EVRAZ North America, Welspun Corp Ltd., Chelpipe, Europipe, Eni S p.A, and Royal Dutch Shell p.I.c
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Oil and Gas Pipeline market based on the below-mentioned segments:
Global Oil and Gas Pipeline Market, By Type
Crude Oil
Natural gas
Global Oil and Gas Pipeline market, By Application
Onshore
Offshore
Global Oil and Gas Pipeline market, Regional Analysis
The market CAGR for Oil and Gas Pipeline is being driven by improvements in pipeline inspection. One of the improvements in pipeline inspection is intelligent drone vehicles. They provide a low-cost method of visual pipeline inspection and are connected to the Internet of Things (IoT). These drones can function autonomously when network access is complicated or limited. In these situations, the drone gathers the information and keeps inspecting the pipeline section inside the restricted network area. It re-establishes the connection and sends the previously acquired data when it reaches the pipeline segment where the network is accessible. Thus, improvements in pipeline inspection technology will increase the safety and security of oil and gas pipelines, improving their acceptance over other oil and gas transport modes and, as a consequence, driving their preference over other modes of transport and, in turn, driving their acceptance and, as a result, growing their market share.
Additionally, oil and gas exploration and production companies are looking for less explored locations as a result of the oil and gas depletion in readily accessible onshore regions. Onshore oil resources are nearing or have reached maturity. Deep-water and ultra-deep-water oil and gas wells are grabbing the interest of upstream oil and gas companies because to their massive resources and untapped potential. The future of deep-water and ultra-deep-water projects is probably bright due to rising crude oil prices. Therefore, during the projection period, a surge in E&P operations will propel market expansion. Additionally, according to the Energy Monitor, 16 gas pipelines totaling 3,200 km and costing EUR 6.5 billion are now being constructed in Europe. Included in this are EUR 2.1 billion for the Baltic Pipe Project, which is anticipated to increase the EU's ability to import gas by 10 billion cubic metres annually.
Crude oil and natural gas are included in the market segmentation for oil and gas pipelines depending on type. A sizeable portion of the market is accounted for by the natural gas segment. Gas is transported via natural gas pipes from stationary facilities to a variety of locations, including homes and export facilities. The process involves the use of transmission, gathering, and distribution systems. Similar to crude oil gathering systems, natural gas gathering systems also gather raw materials from producing wells and transport them via sizable transmission pipelines from facilities to ports and refineries. For instance, the Indian government planned to set a goal in July 2022 to raise the share of natural gas in the energy mix from 6.3% to 15% by 2030. The proportion of natural gas in India's primary energy mix increased from 6.3% to 6.7% between 2020 and 2021.
Report Coverage
Global Oil and Gas Pipeline research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Oil and Gas Pipeline report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Oil and Gas Pipeline competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Oil and Gas Pipeline market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Gazprom, China National Petroleum Corporation, Chevron Corporation, ConocoPhillips, Tenaris S.A., TMK, National Oilwell Varco, Maharashtra Seamless Ltd, General Electric. SaipemSip.A, Subsea 7 S.A. TechnipFMC, EVRAZ North America, Welspun Corp Ltd., Chelpipe, Europipe, Eni S p.A, and Royal Dutch Shell p.I.c |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Oil and Gas Pipeline Market from 2021 to 2030.
- Market Forecast for Oil and Gas Pipeline Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Oil and Gas Pipeline competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Oil and Gas Pipeline
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Oil and Gas Pipeline market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Oil and Gas Pipeline market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Gazprom, China National Petroleum Corporation, Chevron Corporation, ConocoPhillips, Tenaris S.A., TMK, National Oilwell Varco, Maharashtra Seamless Ltd, General Electric. SaipemSip.A, Subsea 7 S.A. TechnipFMC, EVRAZ North America, Welspun Corp Ltd., Chelpipe, Europipe, Eni S p.A, and Royal Dutch Shell p.I.c
Primary Target Market
- Market Players of Oil and Gas Pipeline
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Oil and Gas Pipeline market based on the below-mentioned segments:
Global Oil and Gas Pipeline Market, By Type
Crude Oil
Natural gas
Global Oil and Gas Pipeline market, By Application
Onshore
Offshore
Global Oil and Gas Pipeline market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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