Oil And Gas Pipeline Market By Pipeline Diameter (Large Diameter Pipelines, Small Diameter Pipelines), Material of Construction (Steel Pipelines, Plastic Pipelines), Application (Crude Oil Pipelines, Natural Gas Pipelines), Region for 2024-2031

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Oil And Gas Pipeline Market Valuation – 2024-2031

The ever-increasing demand for energy, alongside ongoing exploration and development of new oil and gas reserves, is expected to necessitate efficient transportation infrastructure. Governments around the world are prioritizing domestic energy security, leading to investments in onshore pipeline networks that reduce reliance on imported energy sources. Thus, the growing demand for energy and ongoing exploration and development are surging the growth of market size surpassing USD 28.04 Billion in 2024 to reach a valuation of USD 45.37 Billion by 2031.

The rising demand for natural gas as a cleaner-burning alternative fuel is likely to contribute to market expansion. Advancements in pipeline technology, with a focus on material durability and improved leak detection capabilities, are further expected to bolster market growth. Thus, the increasing demand for natural gas is enabling the growth of market to grow at a CAGR of 6.20% from 2024 to 2031.

Oil And Gas Pipeline MarketDefinition/ Overview

Oil and gas pipelines are widely recognized as an essential infrastructure network for the transportation of petroleum products, natural gas, and related substances. They are viewed as the arteries of the energy industry, facilitating the movement of resources from production sites to refineries, distribution centers, and end-users. Across various sectors, including residential, commercial, industrial, and transportation, pipelines are extensively utilized to ensure a steady and reliable supply of energy resources. Notably, pipelines are constructed and maintained by energy companies and regulatory bodies to meet the demand for energy transportation, with safety and efficiency being paramount considerations throughout their lifecycle.

Okay, so oil and gas pipelines have a lot going for them. For starters, they're generally seen as a pretty cost-effective and environmentally-friendly way to move energy across long distances, especially when you compare them to trucks or trains. Plus, they really boost our energy security by helping us rely less on other countries and strengthen our own energy setup. And get this, they're actually safer too! Pipelines help cut down on accidents and spills, which is a big deal for the environment and the safety of people living nearby. What's next for pipelines? Well, things look good! New tech is making them even more efficient, safe, and easier to keep an eye on. And as we use more renewable energy alongside oil and gas, pipelines might even start transporting those new energy sources too, which is pretty cool and shows how they're changing with the times.

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How the Increasing Demand for Energy Security is Surging the Growth of Oil and Gas Pipeline Market?

The growing need for energy security is really going to boost the oil and gas pipeline market. Governments and businesses are making energy security a top priority, which means they want a reliable flow of energy. That's likely to mean more money being spent on oil and gas pipelines, because they're a safe way to get oil and gas from where it's produced to where it's needed. Basically, all this focus on energy security is pushing the pipeline market forward, with new pipelines being built and existing ones expanded to make our energy transportation system stronger and more efficient.

Think of it this wayexpanding our oil and gas pipeline networks helps us become less dependent on those crazy energy markets and the geopolitical headaches that come with importing energy. Pipelines let us move resources around within our own borders, boosting our energy independence and making us less vulnerable if supplies get cut off. Plus, they're often a cheaper and greener way to move energy compared to trucks or trains. Because of all these perks, expect the oil and gas pipeline market to keep growing as governments and businesses keep focusing on energy security, especially with all the changes happening in the world and with the environment.

We're seeing some pretty cool changes in how pipelines are built and run these days! New materials, smarter construction, and better ways to keep an eye on things are making them way more efficient, safer, and easier on the environment. All this tech stuff is getting people to invest big time in pipelines. Plus, with everyone worrying about the environment and carbon emissions, cleaner fuels like natural gas are getting more popular, which means we need more gas pipelines. And let's not forget what's happening in the world – tensions and conflicts in places that make oil and gas mean we need to build other pipelines to make sure everyone has the energy they need. Even though we're all moving towards renewable energy, oil and gas are still super important for meeting the energy demand right now. So pipelines are essential.

Consequently, complementary oil and gas pipelines are needed to support backup power generation and maintain energy system stability during the transition to renewable energy. Furthermore, the aging pipeline infrastructure in many areas requires substantial investments in replacement and renovation projects. Integrating digital technologies such as IoT and AI into pipeline operations enhances safety, efficiency, and predictive maintenance, further encouraging investments in upgrading pipeline infrastructure.

How the Environmental Concerns are Hampering the Growth of Oil and Gas Pipeline Market?

Environmental concerns and opposition significantly impact the approval and construction of new pipelines. Environmental groups and communities frequently raise alarms about the risks of leaks, spills, and potential adverse effects on ecosystems, water sources, and indigenous territories. These objections can lead to substantial delays and even the cancellation of projects. Compounding these challenges are regulatory obstacles and permitting delays. The process of securing property rights, conducting thorough environmental impact assessments, and obtaining the necessary permits from various national organizations is often protracted and complex, adding to the timeline and costs of pipeline projects.

The volatility in oil and gas prices introduces another layer of uncertainty. Fluctuating prices can significantly affect the profitability of pipeline projects, making it difficult for investors to commit to long-term projects that require substantial capital investments. Additionally, geopolitical risks and instability in key oil and gas-producing regions can disrupt existing supply lines, elevate operational risks, and undermine investor confidence.

The global shift towards renewable energy sources and the implementation of decarbonization initiatives also pose long-term challenges. As the demand for oil and gas diminishes, the necessity for new pipeline infrastructure may decrease, potentially devaluing existing assets. Technological innovations, such as advancements in hydrogen fuel cells and electric vehicles, further threaten the future demand for oil and gas, potentially undermining the economic viability of pipeline projects.

Public opinion and societal resistance to fossil fuel infrastructure can also lead to project delays, increased costs, and reputational damage for companies involved in pipeline development. The security of infrastructure is another critical concern, with the rising threat of cyberattacks and terrorism necessitating significant investments in protective measures and risk management strategies.

Securing funding for pipeline projects presents additional challenges. Long-term investments in an environment of regulatory uncertainty and environmental scrutiny make it difficult to attract loan and equity capital. Legal and litigation risks further complicate the landscape, as lawsuits related to environmental violations, land rights, and safety incidents can delay projects, escalate costs, and tarnish the reputations of pipeline companies. These combined factors create a complex and often daunting environment for pipeline infrastructure development and investment.

Category-Wise Acumens

How the High Capacity and Efficiency in Transporting Large Volumes of Resources are Fostering the Growth of the Large-diameter Pipeline Segment in the Oil and Gas Pipeline Market?

Large-diameter pipeline segment is showing significant growth in the Oil and Gas Pipeline Market owing to their high capacity and efficiency in transporting large volumes of resources. These pipelines are designed to handle high pressure, enabling them to traverse long distances and effectively connect remote production areas with major consumption centers. The demand for bulk transportation is a significant driving force behind the utilization of large-diameter pipelines. They provide a cost-effective solution for moving vast quantities of oil and gas across extensive geographical areas, making them essential for the industry’s logistics.

The existing infrastructure for long-distance oil and gas transportation is heavily reliant on large-diameter pipelines, underscoring their established role and proven technology in the sector. This infrastructure is particularly crucial in regions experiencing a boom in shale oil and gas production. Often located in geographically dispersed areas, shale production sites necessitate efficient transportation solutions, although this growth may also lead to increased demand for smaller-diameter pipelines for gathering and local transport.

However, the energy landscape is evolving with a growing focus on decentralized energy systems and renewable energy sources. The rise of distributed generation models and renewable energy could potentially diminish the need for long-distance bulk transportation, impacting the future demand for large-diameter pipelines. Concurrently, technological advancements in materials and coatings are enhancing the efficiency and capacity of small-diameter pipelines, making them more viable for specific applications. These innovations could shift some demand away from large-diameter pipelines, particularly in scenarios where localized and flexible transportation solutions are preferred.

How the Exceptional Strength, Durability, and Reliability are Surging the Growth of Steel Pipelines Segment in the Oil and Gas Pipeline Market?

The Steel pipelines segment is showing significant growth in the Oil and Gas Pipeline Market owing to their exceptional strength, durability, and reliability. Steel’s ability to withstand high pressure makes it ideal for transporting large volumes of oil and gas over long distances. This material’s versatility allows for the construction of pipelines in various diameters and thicknesses, accommodating a wide range of transportation needs. The well-established track record of steel in the industry ensures reliable performance over extended lifespans, contributing to the safety and efficiency of high-pressure transportation operations.

When you think about getting oil and gas from point A to point B, you're mostly talking about steel pipelines. They're the proven way to move stuff long distances. Regulators are pretty strict about safety when it comes to high-pressure pipelines, and they usually prefer steel because, well, we know how it performs. That preference just makes steel even more dominant in this critical infrastructure. But things are changing! With the boom in shale oil and gas, we're seeing more of these smaller gathering networks that don't need as much pressure. That opens the door for other materials, like plastic pipelines. These could be a more affordable choice in those situations, especially if they're built specifically for lower-pressure transport.

Technological advancements in material science are continuously evolving, potentially leading to the development of stronger and more pressure-resistant plastic materials. These innovations could expand the application range of plastic pipelines, making them viable alternatives to steel in certain contexts. Additionally, growing environmental concerns about the carbon footprint of steel production could drive a shift towards more sustainable materials like plastic, provided that proper end-of-life management practices are in place to mitigate environmental impact.

Gain Access to Oil And Gas Pipeline Market Report Methodology

Country/Region-wise Acumens

How the Extraction of Shale Gas and Developed Pipelines Networks are Surging the Growth of North America Oil and Gas Pipeline Market?

North America is likely to remain the king of the Oil and Gas Pipeline Market for the foreseeable future. Shale gas extraction is really taking off here, especially in places like the Permian Basin and the Marcellus Shale. All that extra gas means we need more pipelines to get it where it needs to go. This boom in shale gas is thanks to better drilling technology, making it cheaper and easier to get the gas out of the ground. Because of this, oil and gas pipeline companies have a big chance to invest in new pipelines to move all that shale gas from the wells to the plants and, eventually, to us. It's pretty clear that more shale gas production is fueling North America's lead, pushing companies to build more pipelines in these shale-heavy areas.

Furthermore, the expansion of shale gas production not only stimulates growth within the oil and gas pipeline industry but also has far-reaching impacts on the broader economy. The abundance of shale gas resources has resulted in a notable decrease in natural gas prices, enhancing North America’s competitiveness in global energy markets. Consequently, this has spurred investment in energy-intensive industries, such as manufacturing and petrochemicals, fostering job creation and economic growth across various sectors. Additionally, the availability of domestically produced shale gas has bolstered energy security and diminished reliance on imported fossil fuels, further fortifying the region’s economic resilience.

Hey, so natural gas is becoming super popular for making electricity since it's cleaner than coal, and that's really making the natural gas pipeline industry boom. Plus, we're exporting a ton of Liquefied Natural Gas (LNG), which means we need even more pipelines to get the gas to those LNG plants. Luckily, North America has this massive infrastructure – a huge web of oil and gas pipelines – that helps us move stuff from where it's drilled to where it's processed, stored, and used. And get this, that shale oil and gas explosion, especially in places like the Permian Basin, has just made the need for new pipelines even bigger! On top of all that, a lot of our current pipelines are getting old, so we really need to put some money into fixing them up and making sure they're still safe and working well.

How the Resource Nationalism and Increasing Demand for Cleaner-burning Natural Gas for Power Generation Enabling the Growth of the Asia Pacific Oil and Gas Pipeline Market?

The Asia Pacific region? Expect it to be the fastest-growing area for Oil and Gas Pipelines in the coming years. Think resource nationalismcountries in APAC are pushing hard to use their own oil and gas, which means big investments in pipelines connecting where it's produced to where it's used. They're also working to get their oil and gas from more diverse sources, so they need pipelines to connect import terminals to everyone else. Natural gas pipelines? They're really taking off because of a few thingsa bigger push for cleaner natural gas for power, developing unconventional sources like shale gas in some spots, and more Liquefied Natural Gas (LNG) coming in. All that LNG needs to get from the terminals to where it's needed, which means even MORE pipeline construction in APAC. Plus, with all the industrialization and urbanization going on, things are booming! All that industry needs energy – oil and gas – and pipelines are a reliable and cost-effective way to move huge amounts of that stuff over long distances.

Furthermore, the ongoing urbanization trend in the Asia Pacific is leading to the development of new megacities and the expansion of existing ones. This urbanization results in a surge in energy consumption for residential and commercial purposes. To cater to this rising demand, the development of robust oil and gas pipeline networks is anticipated. These pipelines will be essential for ensuring a stable and secure supply of energy to these urban centers, fostering economic growth and improved living standards.

Competitive Landscape

The competitive landscape of the Oil and Gas Pipeline market is characterized by leading companies holding a significant share. Yet, competition is fostered by specialized service providers offering construction, maintenance, and pipeline integrity solutions. Strategic partnerships and mergers & acquisitions are actively pursued to expand geographic reach and diversify service portfolios. This combination of established dominance, specialized service providers, and collaborative efforts shapes the dynamics of the Oil and Gas Pipeline market.

Some of the prominent players operating in the oil and gas pipeline market include

  • Schlumberger Limited
  • Baker Hughes Company
  • Halliburton Company
  • Exxon Mobil Corporation
  • Chevron Corporation
  • Royal Dutch Shell plc
  • BP plc
  • Eni SpA
  • TotalEnergies SE
  • Repsol SA
  • Equinor ASA
  • Petrobras
  • Saudi Aramco
  • China National Petroleum Corporation (CNPC)
  • Gazprom PJSC
  • Kuwait Petroleum Corporation (KPC)
  • National Iranian Oil Company (NIOC)
  • Petróleos Mexicanos (Pemex)
  • Qatar Petroleum
  • Iraq National Oil Company (INOC)
  • Sonatrach
  • Lukoil PJSC
  • Rosneft Oil Company

Oil and Gas Pipeline Market Latest Developments

  • In December 2022, Argentina secured USD 689 million in finance from the Brazilian National Development Bank BNDES for the second phase of a natural gas pipeline in the Vaca Muerta shale. Kalpataru Power Transmission Limited (KPTL) was awarded the Mumbai – Nagpur Pipeline Project (Part A) Section II contract. The contract calls for the construction of a steel gas pipeline, terminals, and ancillary infrastructure for GAIL (India).
  • In June 2022, Kalpataru Power Transmission Limited (KPTL) was granted the contract to build and construct a steel gas pipeline and terminals, as well as ancillary facilities, for Section II of the Mumbai-Nagpur Pipeline Project (Part A) for GAIL (India) Ltd.
  • In December 2022, Argentina obtained USD 689 million from the Brazilian State Development Bank BNDES for the second stage of a natural gas pipeline in the Vaca Muerta shale formation.
  • In February 2023, DNV, the global independent expert in assurance and risk management, certified Saipem’s Grip & Metal Seal Connector, a patented solution for subsea pipeline repair, as a Statement of Qualified solution for sour service applications. Following the completion of this program, a DNV-type approval certification will be filed and issued, allowing Sonsub to commercialize the Grip & Metal Seal Connector in high-potential markets such as the Eastern Mediterranean Sea, Black Sea, and the Middle East.
  • In November 2022, Enbridge Inc. and Oxy Low Carbon Ventures, an Occidental affiliate, announced plans to work together to create a carbon dioxide (CO2) sequestration hub on the Texas Gulf Coast near Corpus Christi. Enbridge would design and build and operate the pipeline infrastructure, while OLCV would design, construct, and operate the sequestration facilities.

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2021-2031

Growth Rate

CAGR of ~6.20% from 2024 to 2031

Base Year for Valuation

2024

Historical Period

2021-2023

Forecast Period

2024-2031

Quantitative Units

Value in USD Billion

Report Coverage

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

Segments Covered
  • Pipeline Diameter
  • Material of Construction
  • Application
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key Players

Details

Customization

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Oil And Gas Pipeline Market, By Category

Pipeline Diameter

  • Large Diameter Pipelines
  • Small Diameter Pipelines

Material of Construction

  • Steel Pipelines
  • Plastic Pipelines

Application

  • Crude Oil Pipelines
  • Natural Gas Pipelines

Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
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