Best Oil and Gas Pipeline Market Tips You Will Read This Year

by Ruchi Walt Market Research

Oil and gas pipelines refer to the pipelines used for transporting crude oil, natural gas, and refined products over various distances.

Onshore oil and gas drilling activities play an important role in the development of the upstream oil and gas sector. In onshore oil and gas E&P operations, the operating cost of drilling oil and gas is much lower than in offshore oil and gas drilling activities. Oil and gas E&P companies are also investing more in onshore oil and gas E&P activities, which likely to increase the production of oil and gas and subsequently, increase the output of refinery products. Oilfields and refineries are in remote areas. Therefore, the supply of refined oil and gas products to the centers of consumption will require a strong network of pipelines.

Many onshore oil and gas pipeline projects are in the planning stage in order to meet the demand for energy. For instance, East Africa Crude Oil Export Pipeline is under construction between Uganda and Tanzania. And the project is expected to be completed by December 2020. Therefore, increased energy demand, rising onshore pipeline projects, and the high feasibility and lower construction cost of onshore oil and gas pipelines will drive the growth of the global oil and gas pipeline market at a CAGR of 5.57% during the forecast period.

The global oil & gas pipeline market size will grow by USD 28.5 billion during 2019-2023. This market report provides a detailed analysis of the market by type (oil and gas), application (onshore and offshore) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors including BP Plc, Chevron Corp., Mott MacDonald Group Ltd., Saipem Spa, TechnipFMC Plc, and Tenaris SA.

To identify growth opportunities in the oil & gas pipeline market, the market has been segmented into regions that are growing faster than the overall market. These regions have been pitted against regions that have a slower growth rate than the global market in 2018-2023. APAC will grow faster than the overall market. The growth of Europe, MEA, North America and South America will be slower than the global market.

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Top oil and gas pipeline companies covered in this market research report

The global oil and gas pipeline market is fragmented. To help clients improve their market position, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this oil & gas pipeline market research report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make most of the upcoming growth opportunities.