Oil And Gas Pipeline Market: Global Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, Segmentation by Type, Application, Sector and Region

The Global Oil And Gas Pipeline Market size was valued at USD 28.03 Bn. in 2023 and the Oil And Gas Pipeline total revenue is expected to grow by 6.2 % from 2024 to 2030, reaching nearly USD 42.71 Bn.
Oil And Gas Pipeline Market Overview:-
Pipelines are pipes, usually underground, that transport and distribute fluids. pipelines in an energy context, the fluids are usually oil, oil products, and natural gas. In the energy sector, there are two major types of pipelines, liquids pipelines, and natural gas pipelines. Increasing consumer need IndianOil operates a network of more than 15,000 km long crude oil, petroleum products,t, and gas pipelines with a throughput capacity of 94.56 million metric tonnes per annum of oil and 21.69 million metric standard cubic meters per day of gas. Cross-country pipelines are globally recognized as the safest, most cost-effective, energy-effi, client and environment-friendly mode for transportation of crude oil and petroleum products.

Increasing energy demand to enhance oil and gas pipeline demand, rapidly expanding oil and gas pipeline Market across the nation to enhance the market, Improved regulations for oil pipelines to enhance demand for pipeline transport solutions, and rising adoption of natural gas to enhance the growth Oil And Gas Pipeline market. increasing consumer conscience towards carbon emission reduction and the incapability of deriving energy entirely from renewable resources, the focus has shifted towards natural gas. natural gas is being increasingly used in transport and homes for domestic usage. The oil & gas industry increasingly applies AI and data science to solve complex problems in upstream, midstream, and downstream operations. AI-enabled platforms support decision-making with insights from predictive, prescriptive, and cognitive analytics. In this way, AI helps petroleum engineers and oil & gas industry managers discover and implement new exploration & production ideas on the field to increase ROI. These factors are expected to exhibit the highest growth during the forecast period 2024-2030To know about the Research Methodology :- Request Free Sample Report
Oil And Gas Pipeline Market Dynamics :
Oil And Gas Pipeline Market Drivers:-

Increasing global energy Consumption is the driver for the oil and gas pipeline market

Increasing energy demand is enhancing the consumption of oil and gas pipelines and the market is expected to exhibit the highest growth rate during the forecast period The increasing oil and gas drilling activities will lead to increased production of crude oil and natural gas which needs to be transported through pipelines from the wellhead to gathering stations and processing facilities, and from there, to refineries and tanker loading facilities. Pipelines are required to transport crude oil and natural gas over long distances. The oil and gas demand centers give rise to the need for a cost-effective and safe mode of transportation. They ensure the uninterrupted transportation of crude oil and gas from the oilfield to refineries, as well as the transport of refined products to consumption centers. Emerging oil and gas pipeline markets are making the industry more efficient, safer, and smarter.

Oil And Gas Pipeline Market challenges:-

The high cost of oil and gas pipelines is also restraining the market

Increases in oil prices affect the government as well as consumers. volatility is likely to be detrimental. In contrast, a significant increase in oil prices had led to rising inflation, a current account deficit, and a fiscal deficit in nations like India and China, which primarily import oil.

The decline in oil prices is having a negative impact on government spending in nations like Saudi Arabia, Nigeria, and the UAE (United Arab Emirates), which are heavily dependent on revenues from crude oil exports. For instance, due to a significant decline in the revenues from oil exports, which has an impact on the market, the Saudi government is expected to reduce its spending from 1.05 trillion riyals ($280 billion) in 2019 to 1.02 trillion riyals ($270 billion) in 2020 and to 955 billion riyals ($255 billion) by 2022. It is anticipated that the market will suffer as a result of the current high level of oil price volatility.

Oil And Gas Pipeline Market Opportunities:-

Advancements in core technologies like data analytics, artificial intelligence (AI), etc an opportunity for Oil And Gas pipeline market

The gradual adoption of advanced technologies like AI and data analytics, cloud computing, and blockchain accelerates processing times and reduces the need for human labor. the increasing technological development in the oil and gas industries has introduced comprehensive changes concerning the easy and preventive transfer of oil and gas. Natural gas pipelines are utilized to transfer gas from stationary engines and transfer them to different locations like homes or export provisions. This process includes assembling systems, the natural gas assembling system assembles the raw material from manufacturing wells, and then it is transferred utilizing big transmission pipelines from equipment to ports and purifiers.

The oil & gas industry increasingly applies AI and data science to solve complex problems in upstream, midstream, and downstream operations. AI-enabled platforms support decision-making with insights from predictive, prescriptive, and cognitive analytics. In this way, AI helps petroleum engineers and oil & gas industry managers discover and implement new exploration & production ideas on the field to increase ROI. Many companies like Neudax, Nesh, etc, used to improve overall operational efficiency. Neudax is a US-based startup that provides AI solutions for upstream oil & gas companies. The startup helps field engineers develop their resources more confidently and efficiently. The startup’s AI platform FracDazx incorporates advanced analytics and data science, such as deep learning and reinforcement learning (RL). Nesh designs an AI-powered chatbot for the entire oil & gas value chain. The startup’s Nesh virtual assistant collects data from multiple sources and answers industry-related questions using natural language processing (NLP). Nesh enables field operators to solve diverse problems related to various oilfield technologies and operations.
Oil And Gas Pipeline Market competitive landscape
Gazprom is Russia's biggest Oil and Gas Company. Gazprom is a global energy company focused on geological exploration, production, transportation, storage, processing, and sales of gas, gas condensate, and oil, sales of gas as a vehicle fuel, as well as generation and marketing of heat and electric power. The headquarters is in Russia.

Gazprom holds the world’s largest natural gas reserves. The Company’s share in the global and Russian gas reserves amounts to 17 and 72 percent respectively. Gazprom accounts for 12 and 68 percent of the global and national gas output correspondingly. The Company owns the world’s largest gas transmission system with a total length of 172.1 thousand kilometers. Gazprom is Russia’s largest producer and exporter of liquefied natural gas (LNG).

A pioneer in oil pipelines in the country, managing one of the world's largest oil pipeline networks, Indian Oil achieved a throughput of 76.019 million metric tonnes during the year 2020-21. IndianOil added 337 km of additional pipeline length during the year 2020-21, as part of its plans to continuously expand the network in line with growth in the market. Projects currently under implementation would further increase the length of the pipeline network to about 21,000 km, and throughput capacity to 102 million tonnes per annum. Indian Oil operates a network of more than 15,000 km long crude oil, petroleum product, and gas pipelines.
Oil And Gas Pipeline Market Segment Analysis:-
Based on Type, Natural gas dominated the market during the forecast period 2024-2030. Based on the type market is divided into crude oil and natural gas. Natural gas consumption increased significantly, reaching 3,822.8 billion cubic meters (bcm) in 2020, owing to the increasing demand for natural gas in multiple industries, including power generation and transportation. This trend is expected to continue in the coming years and is likely to drive the gas pipeline infrastructure significantly. By 2030, due to environmental benefits and the quest for energy security in regions such as the Middle East, Africa, and Asia-Pacific, the demand for natural gas is expected to witness significant growth among all fuel types. the exports of 197.2 billion cubic meters of gas per year in 2020, Russia continued to be the largest LNG exporter globally. The LNG trade is expected to witness a significant increase globally, resulting in increased demand for the natural gas pipeline network.Based on the Application, Offshore segment dominated the market during the forecast period 2024-2030.on the basis of application, the target market is segmented into onshore and offshore. The increasing number of oil & gas development projects attached to rising investment toward offshore E&P activities are some of the factors expected to drive the offshore oil & gas pipeline segment.

Based on the Sector, The mid-Stream segment dominated the market during the forecast period 2024-2030. Based on sector, the market is classified into Up-Stream, Mid-Stream, and Down-Stream.

Midstream is expected to command the worldwide oil and gas pipeline market. Also, the midstream sector sometimes includes aspects from both the midstream and upstream segments. This is especially true for transportation and storage which raise the oil and gas pipeline market.
Oil And Gas Pipeline Market Regional Insights:
The Asia-pacific region dominated the oil and gas pipeline segment during the forecast period 2024-2030. Last year, the pipeline industry was thrust under the spotlight as a result of the Russia-Ukraine crisis. Russia is Europe's principal supplier of natural gas. Russia supplied 45% of the EU's natural gas imports in 2021. Russia and Pakistan agreed to build a new gas-carrying pipeline worth USD 2 billion. India and Russia also signed a deal worth USD 40 billion on natural gas exports to India. Such large-scale projects are expected to drive the pipeline industry to grow more, and this is expected to present an opportunity for the market players in the near future. Asia-Pacific is expected to witness significant growth in the pipeline market due to the increasing demand for oil and gas from the major countries in the region. China and India have been the largest consumers of oil and gas in the Asia-Pacific region, and the pipeline network is growing at a significant pace in both countries.
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Oil And Gas Pipeline Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 28.03 Bn.


Forecast Period 2024 to 2030 CAGR:
6.2%
Market Size in 2030:
US $ 42.71 Bn.


 Segments Covered:
by Type
1. Crude oil pipeline
2. Natural gas pipeline


by Application
1. Onshore
2. Offshore


by Sector
1. Upstream
2. Downstream
3. midstream



Oil And Gas Pipeline Market by Region
North America (United States, Canada, and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, and the Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan, and the Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria, and the Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Oil And Gas Pipeline Market Key Players:-
1. China National Petroleum Corporation
2. Chevron Corporation
3. Gazprom
4. Tenaris S.A.
5. TMK
6. Saipem S.p.A
7. National Oilwell Varco
8. EVRAZ North America
9. Maharashtra Seamless Ltd
10. General Electric
11. Eni S.p.A
12. Subsea 7 S.A
13. TechnipFMC
14. Welspun Corp Ltd.
15. ConocoPhillips
16. Chelpipe
17. Europipe
18. Royal Dutch Shell p.I.c.
19. Baker Hughes Co.
20. Nippon Steel and Sumitomo Metal
21. Williams Companies

1] What segments are covered in the Oil And Gas Pipeline Market report?
Ans. The segments covered in the Oil And Gas Pipeline Market report are based on Type, Application, Sector, and Region.

2] Which region is expected to hold the highest share in the Oil And Gas Pipeline Market?
Ans. The North America region is expected to hold the highest share of the Oil And Gas Pipeline Market.

3] What is the market size of the Oil And Gas Pipeline Market by 2030?
Ans. The market size of the Oil And Gas Pipeline Market by 2030 is expected to reach US$ 42.71 Bn.

4] What is the forecast period for the Oil And Gas Pipeline Market?
Ans. The forecast period for the Oil And Gas Pipeline Market is 2024-2030

5] What was the market size of the Oil And Gas Pipeline Market in 2023?
Ans. The market size of the Oil And Gas Pipeline Market in 2023 was valued at US$ 28.03 Bn.