Global Oil and Gas Pipeline Market- Industry Analysis and forecast 2019-2027
Global Oil and Gas Pipeline Market was valued US$ xx Mn in 2019 and the total revenue is expected to grow at 4.50 % through 2020 to 2027, reaching US$ xx Mn. The report has covered Country Market trends with competitive landscape.
Global Oil and Gas Pipeline Market Overview:
Oil & gas produced along with refined products, steady chemical substances are preferably carried between sites using pipeline. Since the beginning of 2017, the investments in the worldwide pipeline market have increased a strong momentum. The rise in the investments is owing to the promising market circumstances & industry trends which is affected by the drivers like rise in offshore activities, increase in the deep water production actions & the development of the remote & hard to access fields. The pipeline segment accounts for about 41.21% of the total offshore Capex. The key restraint for the market would be the weak economy, political variability in the certain areas of the world.
The global Oil & Gas Pipeline Market was valued more than $51.32 Bn in 2014 & is anticipated to grow at a significant CAGR of during the forecast period. The main factors responsible for pouring the development of this market contain the energy demand development through the globe, rise in the deep water activities, & rise in the export of the chemical products through the globe. The developing economies show a creditable development in the pipeline market.
Growing demand for energy has made crude oil & natural gas a vital part of the world’s energy mix. Though coal leads the global energy mix, crude oil & natural gas also hold major shares of the mix. Crude oil & natural gas have become more of a need than a commodity today. Crude oil & natural gas are extracted from underground reservoirs & with little processing, they are imported & exported in national & international markets. Oil & gas are transported mainly through pipelines, truck tankers and railways. A majority of transport takes place over pipelines, as they can handle bulk transfer without much problems. However the first investment in placing pipelines is high, large-quantity movement creates pipelines one of the cheapest methods to transport oil & gas from one location to another over very long distances. Owing to this, the number of cross-border pipelines carrying oil & gas from manufacturers to refiners or end-users is large.
By region, European region is estimated to be the major market for Oil and Gas Pipeline Market. The rise in the E&P spends & growing long-distance export lines, with large investment in Nord Stream extensions to the Netherlands, & the South Stream would be boosting the market. During the forecast period, Europe’s share is estimated to rise which is supported by the above developments.
The second major market would be of Asia-Pacific region but is estimated to experience a drop in the market share in the forecast period. Historically the region was focused by conventional shallow-water growths related with fixed infrastructure. In the upcoming years the market in the Asia-Pacific will be driven by the numerous conventional production actions like in the Mumbai, High improvement offshore India, the Bongkot & Arthit expansion plans in Thailand, & the Bao Vang field, Vietnam.
The Middle Eastern region is the third major market for the oil & gas pipeline market. The key drivers for the development of the market in this region are occurrence of conventional shallow water activity through Saudi Arabia, Qatar, Kazakhstan & Iran.
The report has covered the key players’ analysis on the basis of their financials, market penetration, market share and Investment etc. The report will help reader to understand exactly wherethe companies are positioned in the market depending upon all above criteria. As per the market analysis European companies are major market contributors but in the upcoming times Americas are too fetching new heights some American and Russian companies adopted a proactive oil market and management role.
Companies such as Chevron is initiating its business by owning refineries in Gulf coast, to process Permian crude. The COVID crisis has led many key players to focus on Investments and finances rather than sales, as the crisis has turned government’s corpus to focus,ongoinghealthcare issues. Some major key players have joint ventured with oil and gas refineries.
Welspun group is working for materialistic technological development for pipes, it has divested its coil and plated mill division. The market is to consolidate with several key players, Welspun group has joint ventured with 3 minor key players in 2019, investing around 1986 million Indian rupees. The company scored highest ever sales and profitability in its history in 2020. Based on the market forecast and financial activities of major key players, market is expected to grow at a excellent rate till 2022, the demand will be increasing during the forecast period with higher market value as per investments and JV’s.
The objective of the report is to present a comprehensive analysis of the Global Oil and Gas Pipeline Market including all the stakeholders of the industry. The past and current status of the industry with forecasted Market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes Market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the Market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Oil and Gas Pipeline Market dynamics, structure by analyzing the Market segments and project the Global Oil and Gas Pipeline Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Raw material portfolio, growth strategies, and regional presence in the Global Oil and Gas Pipeline Market make the report investor’s guide.
Global Oil and Gas Pipeline Market, by Type
• Crude Oil
• Natural Gas
Global Oil and Gas Pipeline Market, by Application
Global Oil and Gas Pipeline Market, by Sector
• Mid Stream
Global Oil and Gas Pipeline Market, by Region
• North America
• MEA & Africa
• Latin America
Global Oil and Gas Pipeline Market Key Players
• China National Petroleum Corporation
• Chevron Corporation
• Tenaris S.A.
• Saipem S.p.A
• National Oilwell Varco
• EVRAZ North America
• Maharashtra Seamless Ltd
• General Electric
• Eni S.p.A
• Subsea 7 S.A
• Welspun Corp Ltd.
• Royal Dutch Shell p.I.c.
• Baker Hughes Co.
• Nippon Steel and Sumitomo Metal
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