Crude Oil Pipeline Transport Market Report 2025

The crude oil pipeline transport market size has grown strongly in recent years. It will grow from $75.39 billion in 2024 to $81.14 billion in 2025 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to global energy demand and consumption, geopolitical factors and oil supply chains, economic growth and industrialization, stable and predictable transportation costs, strategic energy security initiatives.

The crude oil pipeline transport market size is expected to see strong growth in the next few years. It will grow to $107.39 billion in 2029 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to continued global energy demand growth, expansion of oil exploration and production, shifts in global oil trade dynamics, environmental and regulatory considerations, investments in pipeline infrastructure projects. Major trends in the forecast period include government regulations and compliance, remote monitoring and control systems, pipeline security measures, technological innovations in leak detection, collaboration and partnerships in the industry.

The surge in the demand for oil and gas is poised to drive the growth of the crude oil pipeline transport market in the foreseeable future. Oil and gas, utilized as fossil fuels in liquid and gaseous forms respectively, play integral roles in various industries such as transportation, insulation, plastics, textiles, furniture, food production, and automation. Due to its perceived safety and cost-effectiveness in maintenance, pipeline transportation remains a widely favored method for transporting crude oil and gases from nearby or distant oil wells to storage facilities or tankers. For instance, in March 2023, the U.S. Energy Information Administration reported a rise in U.S. crude oil output, reaching 12.4 million barrels per day (b/d) in 2023 from the previous record of 11.7 million b/d in 2022. Additionally, the U.S. witnessed the highest annual consumption of natural gas in 2022, averaging 86.6 billion cubic feet per day (Bcf/d). Hence, the anticipated increase in oil and gas demand is expected to drive growth in the crude oil pipeline transportation market.

The rising investment in infrastructure is expected to drive the growth of the crude oil pipeline transport market in the future. Infrastructure encompasses the essential systems and structures necessary for a society, economy, or organization to function effectively. Crude oil pipelines play a vital role in this developing infrastructure, offering a dependable and environmentally friendly means of transporting significant quantities of oil over long distances. For example, in March 2023, Global X ETF, a US-based fund management firm, reported that the United States made a notable advancement in enhancing its infrastructure with the $1.2 trillion Infrastructure Investment and Jobs Act (IIJA). Over the next decade, the IIJA plans to allocate $550 billion to upgrade roads, bridges, airports, and railways, expand access to clean drinking water and broadband internet, and promote environmental justice. Consequently, the growing investment in infrastructure is driving the expansion of the crude oil pipeline transport market.

Major companies in the crude oil pipeline transport market are adopting advanced technologies, such as the industrial Internet of Things (IIoT), to enhance operational efficiency, boost safety, and optimize supply chain management. IIoT technologies facilitate real-time monitoring of equipment, pipelines, and cargo, enabling predictive maintenance, minimizing downtime, and increasing automation in crude oil logistics. For instance, in August 2024, Henkel, a Germany-based industrial solutions provider, introduced Smart Rotating Equipment Monitoring and Smart Pipes and Tanks Leak Detection, which are sophisticated monitoring solutions aimed at improving safety and efficiency in industrial operations, especially in the oil and gas sector. The Smart Pipe and Tank system is engineered for early-stage hydrocarbon leak detection, addressing significant environmental risks associated with leaks from pipelines and tanks that can cause water contamination and fire hazards. Meanwhile, the Smart Rotating Equipment Monitoring system includes a 6-in-1 plug-and-play sensor that allows for simultaneous monitoring of six critical data parameters, including vibration, magnetic flux, and acoustic emissions. This functionality streamlines the monitoring process, ensuring enhanced performance and accuracy for vital equipment such as pumps, motors, and gearboxes.

Major entities operating in the crude oil pipeline transport sector are directing their efforts towards implementing robust pipeline monitoring systems to secure a competitive advantage within the market. These monitoring systems employ cutting-edge sensors and technology to consistently oversee and guarantee the integrity, safety, and efficient functioning of pipelines, preempting potential issues and averting incidents. For instance, in March 2023, Eni S.p.A., an Italy-based oil industry corporation, introduced the Eni Vibroacoustic Pipeline Monitoring System (E-VPMS). E-VPMS stands as a proprietary technology devised for continuous, real-time monitoring of oil and gas pipelines. Leveraging vibroacoustic wave detection, this system monitors fluid behavior within the pipeline and tracks acoustic waves along the pipe wall, utilizing multiple sensors strategically placed at distinct intervals along the pipeline. Particularly deployed at block valve stations for buried pipelines carrying crude oil, refined products, and injection water, E-VPMS is equipped with real-time alarms to swiftly alert operational teams of any incidents or events.

In November 2023, Exxon Mobil Corporation, a US-based oil and gas company, acquired Denbury Inc. for $4.9 billion. This acquisition is intended to bolster Exxon Mobil Corporation's Low Carbon Solutions business and enhance its pipeline network to meet the decarbonization needs of industrial customers. Denbury Inc. is a US-based company specializing in crude oil pipeline transport.

Major companies operating in the crude oil pipeline transport market include ABB Ltd., Emerson Electric Co., TechnipFMC PLC, Schneider Electric SE, Environmental Systems Research Institute Inc. (ESRI), Rockwell Automation Inc., Siemens Energy AG, Trimble Inc., John Wood Group PLC, Tenaris S.A., TMK Group, ChelPipe Group, Huawei Technologies Co Ltd., Honeywell International Inc., TC Energy Corporation, Enbridge Inc., Kinder Morgan Inc., Magellan Midstream Partners LP, Phillips 66 Partners LP, Enterprise Products Partners LP, Marathon Petroleum Corp., Colonial Pipeline Co., Explorer Pipeline Co., Plains GP Holdings LP, Western Refining Logistics LP, Delek Logistics Partners LP, SemGroup Corp., Targa Resources Corp., Williams Cos. Inc., Dominion Energy Inc.

North America was the largest region in the crude oil pipeline transport market in 2024. Asia-Pacific is expected to be the fastest-growing region in the crude oil pipeline transport market report during the forecast period. The regions covered in the crude oil pipeline transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the crude oil pipeline transport market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Crude oil pipeline transport involves the long-distance movement of crude oil from nearby or distant oil wells to oil tankers through a network of pipelines. This mode of transportation is considered the most cost-effective, safest, and environmentally friendly means of transporting crude oil. Crude oil, a mixture of hydrocarbons occurring naturally as a liquid, serves as a significant transportation fuel.

The primary types of pipelines used in crude oil pipeline transport include gathering pipelines, transmission pipelines, distribution pipelines, and feeder pipelines. Gathering pipelines, also known as collecting pipelines, transport gases and liquids from the source of the resource, such as deep-sea rock formations, to processing plants, refineries, or transmission lines. These pipelines provide various solutions, including security solutions, automation and control systems, integrity and tracking solutions, network communication solutions, and others. They can be deployed in both onshore and offshore locations and encompass services such as consulting, managed services, and maintenance and support.

The crude oil pipeline transport market research report is one of a series of new reports that provides crude oil pipeline transport market statistics, including crude oil pipeline transport industry global market size, regional shares, competitors with a crude oil pipeline transport market share, detailed crude oil pipeline transport market segments, market trends and opportunities, and any further data you may need to thrive in the crude oil pipeline transport industry. This crude oil pipeline transport market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The crude oil pipeline transport market includes revenues earned by entities by providing cathodic protection facility, oil storage facility, pumping facility, reception facility, operational control and monitoring system, and more. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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