Oil and Gas Pipeline Market Industry Growth Opportunity, Developments and Regional Forecast to 2019-2024 – Daily Research Chronicles
Market Research Future published a research report on “Global Oil and Gas Pipeline Market Research Report – Global Forecast till 2024” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2024.
Oil & Gas Pipeline are used to deliver the oil and gas products or raw materials from their source to the processing plants. These pipelines may vary as per the factors which include the product to be transported and the delivery stage (upstream, midstream, or downstream). On the basis of type, the oil and gas pipelines can also be segmented into gathering pipelines, transmission pipelines, distribution pipelines, flowlines, and feeder pipelines.
On the basis of sector, the global Oil & Gas Pipeline Market has been segmented as- upstream, midstream, and downstream. The midstream segment is expected to dominate the market during the forecast period as pipelines are extensively used for transporting raw materials. Moreover, midstream operations often possess some elements of upstream and midstream segments, especially for storage and transport purposes, which ultimately increases the overall share of the midstream segment in the global oil & gas pipeline market.
The global oil & gas pipeline market is expected to grow at ~5.40% CAGR during the forecast period.
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The key players of the global oil & gas pipeline market are Gazprom, China National Petroleum Corporation, Chevron Corporation, ConocoPhillips, Tenaris S.A., TMK, National Oilwell Varco, Maharashtra Seamless Ltd, General Electric, Saipem S.p.A, Subsea 7 S.A, TechnipFMC, EVRAZ North America, Welspun Corp Ltd., Chelpipe, Europipe, Eni S.p.A, and Royal Dutch Shell p.l.c.
This report provides an in-depth analysis of the global oil & gas pipeline market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, the Middle East & Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global oil & gas pipeline market by its application, type, sector, and region.
- Crude Oil Pipeline
- Natural Gas Pipeline
- North America
- Middle East & Africa
- South America
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North America is estimated to dominate the market for oil & gas pipelines
Region-wise, North America held the largest market share of the global oil & gas pipeline market in 2017. The shale gas revolution has changed the North American natural gas market over the last few years. The region has transitioned itself into a gas exporter by converting LNG import terminals into export ports and starting new gas pipelines for exporting the natural gas to Mexico. All these factors are likely to drive the oil & gas pipeline market in the region.
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