Oil & Gas Pipeline Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F

The Global Oil & Gas Pipeline Market is expected to grow at a robust pace in the forecast period 2024-2028.

Oil demand shall grow from 97 million barrels per day in 2021 to an average of about 1 million barrels per day by 2029, according to the International Energy Agency (IEA). Oil and gas are increasing the size of pipelines and new pipeline projects are being approved. In addition, the global oil and gas pipeline market is expanding due to the expansion of offshore business. However, the shift to sustainable sources of power generation poses significant risks to oil and gas demand and could pose significant challenges to oil and gas pipeline development in the years to come. It is estimated that the demand for natural gas from many end-use sectors, including power generation, shall increase due to the availability of abundant natural gas reserves and cost-effective access unlike other types of fossil fuels. This shall increase the global oil & gas pipeline market in the coming years. To cover the growing oil and gas consumption, pipeline capacity is being expanded and new pipeline projects are being commissioned. Additionally, increasing offshore activities such as deepwater and ultra-deepwater production and development are driving the oil and gas pipeline market. In addition, abundant natural gas reserves and low cost compared to other types of fossil fuels, among others, are expected to complement demand for natural gas from multiple end-use sectors, including power generation. This is likely to boost the global oil & gas pipeline market during the forecast period.

Increasing projects propelling the Global Oil & Gas Pipeline Market growth during the forecast period

Global oil & gas pipeline market is driven by increasing demand from countries, such as China and India, which are jointly building more gas pipelines than any other part of the world. Both countries lead the way in pipeline length under construction, with annual growth of 9% year-on-year. This is according to data released by the Global Energy Monitor. According to the Global Gas Infrastructure Tracker data collection at the end of 2022, 17,800 kilometers of gas pipelines are under construction in China with an estimated cost of USD21.9 billion and 14,300 kilometers in India with an estimated cost of USD20.7 billion. The next countries with the most gas pipelines under construction are Iran, Russia and Pakistan. The longest pipeline projects under construction are the 2,775-kilometer Iran-Pakistan pipeline and the 2,655-kilometer Jagdishpur-Haldia-Bokaro-Damla Natural Gas Pipeline (JHBDPL) in India.

Pipeline applications include domestic, commercial and industrial. Pipelines can be used to transport natural gas to homes (domestic), jet fuel to airports (commercial), and crude oil to refineries (industrial). Pipelines can transport vast quantities of oil and natural gas. It transports these vast quantities of oil and natural gas more efficiently than traditional transportation by rail, truck or ship. Installing a pipeline system for oil and gas transportation can be completed in a fraction of the time it would take to build a dedicated rail transportation system of similar length. The need to cope with difficult geographic terrain and adverse climatic conditions usually means years of planning, manpower, and longer timelines for rail construction projects. High-capacity pipes can be easily constructed to cross natural geographic barriers, speeding pipeline construction. An advantage of pipeline transportation of oil and natural gas is the efficiency of the process. Pipeline systems consume relatively little energy to transport much more oil than trucks, trains or ships. Pipeline also simplifies the oil and gas metering process with the help of modular process skid manufacturers for pipeline applications. Extracting oil via pipelines is a greener alternative to transporting it by conventional railroad or oil ship. Since oil pipelines are sealed and mostly underground, they are less harmful to the environment than other modes of transportation. This significantly reduces the carbon footprint.

Advancements in core technologies like Data Analytics, Artificial Intelligence (AI), etc. propelling Global Oil and Gas Pipeline Market

The gradual use of cutting-edge technology like blockchain, cloud computing, AI and data analytics speeds up processing times and decreases the demand for human labor. The easy and preventive transfer of oil and gas has undergone extensive modifications due to the growing technical advancement in the oil and gas industries. Natural gas pipes are used to transport gas from stationary engines to various sites, including houses or export facilities. Assembling systems are used in this operation; the natural gas assembling system assembles the raw materials from manufacturing wells before transferring them via large transmission pipelines from machinery to ports and purifiers. As it relates to upstream, middle, and downstream operations, the oil and gas sector increasingly uses AI and data science to tackle complicated problems. Platforms with AI help decision-making by providing information from predictive, prescriptive, and cognitive analytics. In order to boost ROI, AI assists petroleum engineers and managers in the oil and gas sector in finding and putting into practice fresh concepts for exploration and production. Thus, the above factors are expected to drive the Global Oil and Gas Pipeline Market.

Pipeline inspection advancements boosting Global Oil and Gas Pipeline Market

One of the advancements in pipeline inspection is the use intelligent drone vehicles. They are connected to the Internet of Things (IoT) and provide a cost-effective way to visually inspect pipelines. These drones can operate autonomously even when there are network connectivity issues or limitations. Under these circumstances, drones would continue to collect data and inspect sections of the pipeline within a limited grid area. When it reaches a section of the pipeline where the full network is available, it reconnects and sends the previously collected data. Advances in pipeline inspection technology shall therefore ensure the safety of oil and gas pipelines, which in turn shall increase acceptance over other types of oil and gas transport, thereby contributing to the growth of the Global Oil & Gas Pipeline Market.

Market Segmentation

The Global Oil & Gas Pipeline Market is segmented based on type, application, source, region and competitive landscape. Based on type, the market is bifurcated into crude oil pipeline and natural gas pipeline. Based on application, the market is further bifurcated into onshore and offshore. Based on source, the market is segmented into upstream, midstream, downstream. Based on region, the market is divided into North America, Asia-Pacific, Europe, South America, Middle East & Africa.

Market players

The main market players in the Global Oil & Gas Pipeline Market are Nippon Steel Corporation, Tenaris Inc., TMK Group, Mott Macdonald Group Ltd, Shengli Oil & Gas Pipe Holdings Limited, United States Steel Corporation, OMK Steel Ltd, ChelPipe Group, Gazprom PJSC, British Petroleum p.l.c.

Report Scope:

In this report, Global Oil & Gas Pipeline Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Oil & Gas Pipeline Market, By Type:

• Crude Oil Pipeline
• Natural Gas Pipeline

Oil & Gas Pipeline Market, By Application:

• Onshore
• Offshore

Oil & Gas Pipeline Market, By Source:

• Upstream
• Midstream
• Downstream

Oil & Gas Pipeline Market, By Region:

• North America
• United States
• Canada
• Mexico
• Asia-Pacific
• India
• Japan
• South Korea
• Australia
• China
• Europe
• Germany
• United Kingdom
• France
• Italy
• Spain
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• Saudi Arabia
• South Africa
• UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Oil & Gas Pipeline Market.

Available Customizations:

Global Oil & Gas Pipeline Market report with the given market data, the publisher offers customizations according to a company's specific needs.


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