Oil and Gas Pipeline Market Overview:
Oil and Gas Pipeline Market is projected to register a CAGR of 5.40% during the forecast period (2022 - 2030).
Our Market Overview and Regional Analysis provide an understanding of the industries, companies and products within the market. Our Trends section provides an analysis of how the market is currently performing and looks set to perform in the future. Our Growth Forecast section gives you an idea about how our Market Analysis works, by giving us further details on how we can build our Market Forecast model for a particular domain within this report. Lastly, in our Metrics section we outline important data points relating to each of these sections as well as our current forecasted price range.
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Global O&G Pipeline Market - Segmentation
The O&G pipeline market forecast is segmented into types, applications, sectors, and regions. The type segment is sub-segmented into crude oil and natural gas. The application segment is sub-segmented into offshore and onshore. Of these, the offshore segment accounts for the largest share, witnessing developments in offshore oilfields. The sector segment is sub-segmented into upstream, midstream, and downstream. The region segment is sub-segmented into Americas, Europe, Asia Pacific, and the rest-of-the-world.
Global Oil and Gas Pipeline Market - Regional Analysis
North America leads the global oil and gas pipeline market. The region accounts for the largest producers and consumers of oil & gas, hosting the increasing numbers of O&G pipelines than other regions. Besides, the largest market share attributes to high usages of natural gas and increased investments.
The rise in renewable energy installations reported by International Renewable Energy Agency (IRENA) contributes to the regional market growth. Moreover, increased government regulations for pipeline assessment and increased focus on remote management of O&G pipelines for process optimization and automation drive the regional market growth.
The oil and gas pipeline market in Europe stands second globally. Market growth is fostered by the strong presence of notable players integrating robotics in OnG oilfields. Moreover, increasing drilling activities increase the uptake of pipelines in the oilfields. Additionally, the increasing demand for fossil fuels in the region substantiates market growth.
The Asia Pacific oil and gas pipeline market is growing rapidly. Factors such as the burgeoning O&G sector and R&D increasing investments due to rapid economic growth substantiate the market growth in the region. Rapidly developing APAC countries, such as India and China, account for sizable shares in the regional market heading with the improving drilling technologies and robotics in oilfields.
Global Oil and Gas Pipeline Market - Competitive Analysis
Highly competitive, the O&G pipeline market appears fragmented, with several well-established players forming a competitive landscape. Mergers & acquisitions, expansion, collaboration, and product/ technology launch are key strategic initiatives of these players to gain a larger competitive advantage. They also focus on product development and geographical expansion.
Major Players:
Players leading the global oil and gas pipeline market include China National Petroleum Corporation, Gazprom, Chevron Corporation, Tenaris S.A., ConocoPhillips, TMK, National Oilwell Varco, General Electric, Maharashtra Seamless Ltd, Saipem S.p.A, TechnipFMC, Subsea 7 S.A, EVRAZ North America, Chelpipe, Welspun Corp Ltd., Europipe, Royal Dutch Shell p.l.c., and Eni S.p.A.
