Oil and Gas Pipeline Market

Oil and Gas Pipeline Market Research, 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.

Market Highlights

Oil and Gas Pipeline Market is expected to project a CAGR of 4.8% during the forecast period, 2022-2032

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 Segmentation

Offshore segment is expected to grow with high CAGR during the forecast period

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.

Mid-Stream segment is expected to grow with high CAGR during the forecast period

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.

Market Dynamics

Growth Drivers

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.

Restraint

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.

Recent Developments

• In December 2022, Argentina secured financing from development bank of Brazilian state BNDES for the second stage of a natural gas pipeline in the Vaca Muerta shale region.
• In June 2022, Kalpataru Power Transmission Limited was granted construction & laying of gas pipeline and terminals together with associated facilities for Section II of the Mumbai – Nagpur Pipeline Project for GAIL Ltd.

Oil and Gas Pipeline Market Key Players Covered:

• 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
• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Regional Analysis

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.

Oil and Gas Pipeline Market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA.

Oil and Gas Pipeline Market Scope and Segments:

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