Oil and gas pipeline market

Dublin, April 16, 2024 (GLOBE NEWSWIRE) — The report “Oil and Gas Pipes – Global Strategic Business Report” has been added to The Offer.

The global oil and gas pipeline market is expected to reach $110.7 billion by 2030

The global oil and gas pipeline market, valued at USD 71.1 billion in 2023, is expected to reach USD 110.7 billion by 2030, growing at a compound annual growth rate of 5.7% during the analysis period 2023–2030.

Pipeline infrastructure remains an essential part of the global energy landscape, facilitating the transportation of oil and gas over long distances. The importance of the sector is underscored by global energy demand and growth trajectories, which highlight the critical role of oil and gas pipelines in supporting the economy. Amid dynamic global economic development, inflationary pressures and geopolitical tensions are contributing to volatility in the oil and gas sector and impacting pipeline operations worldwide.

Despite all the challenges, pipeline transportation offers countless benefits that drive widespread use and investment in pipeline infrastructure, using a variety of pipe types, made from different materials and designs, tailored to the specific needs of the industry. Global pipeline development activity is robust, and significant investment is strengthening the business model for oil and gas pipes.

Stainless steel pipes, one of the segments analyzed in the report, is expected to register a CAGR of 6.3% and reach $44.8 billion by the end of the analysis period. The growth in the HDPE pipes segment is estimated to average 5.8% over the next 8-year period.

The US market is estimated at $20.3 billion, while China is expected to grow by an average of 6.6% annually.

The market outlook reflects regional developments affecting the sector, including major projects in Asia Pacific and Africa. However, challenges such as regulatory hurdles and environmental concerns are hampering the progress of pipeline projects.

The oil and gas pipeline market in the US is estimated to reach $20.3 billion in 2023. China, the world’s second largest economy, is forecast to reach an estimated market size of $19.7 billion by 2030, registering a compound annual growth rate of 6.6% during the analysis period from 2023 to 2030. Other major geographic markets include Japan and Canada, which are expected to grow by 4.2% and 5% respectively during the period from 2023 to 2030. Within Europe, Germany is expected to grow by about 4.1% annually.

In this competitive landscape, the market share and presence of key competitors in 2023 are analyzed, highlighting their role in shaping the industry. Recent market activity highlights the dynamism and ongoing developments of the sector.

The story continues

Main features:

MARKET OVERVIEW

• Pipeline infrastructure remains a crucial part of the global energy infrastructure

• Global energy demand and growth (in million tonnes of oil equivalent (Mtoe)) for the years 1990, 2000, 2010, 2020, 2030 and 2040

• Global primary energy consumption by source (in %) for 2022 and 2040

• Oil and gas pipelines: crucial for the global economy

• Global economic update

• How inflationary pressure affects the economy

• Forecasts for global economic growth (real GDP, annual change in percent) for the years 2020 to 2024

• Global inflation rates (in %) for the years 2019 to 2024

• Volatility in the Oil and Gas Sector: An Overview

• Global production of crude oil and liquid fuels (in million barrels per day) for the years 2020 to 2024

• Impact of the Russia-Ukraine conflict on oil and gas pipelines

• Impact of the Russia-Ukraine conflict on Kazakhstan’s pipelines and energy industry

• Numerous advantages of pipeline transport lead to widespread use

• Key benefits of pipeline transport

• Pipe types used in the oil and gas industry

• Materials used in oil and gas pipelines

• Types of oil and gas pipelines

• An overview of global oil and gas pipeline activity

• Strong pipeline development activity opens up parallel growth opportunities for oil and gas pipelines: Global pipeline development by region (in km) from 2023

• Increasing investments in pipeline infrastructure strengthen the business model for oil and gas pipelines: Global capital costs for pipelines under construction (in billion US dollars) from 2023

• A look at selected major oil and gas pipelines worldwide

• The largest oil pipeline owners: Percentage breakdown of network length by company

• The largest gas pipeline owners: Percentage breakdown of network length by company

• Large pipeline projects are being implemented in the Asia-Pacific region

• A look at the most important African pipeline projects

• Global Market Outlook

• Regional developments influence the market

• USA at the crossroads of fossil energy

• Europe: Growth despite stronger opposition to pipelines

• Africa and the Middle East: Pipeline projects caught in the grip of uncertainty

• Key challenges for oil and gas pipeline projects

• Competition

• Oil and Gas Pipelines – Percentage Market Share of Major Competitors Worldwide in 2023 (E)

• Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)

• Recent market activity

MARKET TRENDS & DRIVERS

• Oil and gas industry places increasing emphasis on energy transition

• Growing focus on the environmental benefits of transporting energy via pipelines is driving demand for environmentally friendly pipes

• The rise of pipelines as an environmentally friendly means of transporting energy is having a positive impact on demand dynamics for pipes, given the growing call for sustainability: Lifetime CO2 emissions from gas and oil pipelines compared to CO2 emissions from coal-fired power plants (in million tonnes of CO2)

• Advances in material quality promote growth in plastic pipes

• Demand for OCTG pipes in line with developments in the oil and gas industry

• Global E&P capital expenditures: 2015-2023

• Plastic pipes are becoming increasingly accepted for natural gas transport

• Polyethylene: The preferred choice for gas distribution pipelines

• Rising demand for natural gas bodes well for the pipeline market

• An insight into the dynamics of the natural gas market

• Regional overview

• Expansion of global energy pipelines: Miles of pipeline under construction and planned by region (as of 2023)

• The focus on reducing dependence on Russian oil and gas is reviving pipeline projects in Europe and the rest of the world, a move that bodes well for HSAW Pipes.

• Increase in drilling and well construction activity bodes well for market growth

• Average number of drilling rigs worldwide: 2015–2023

• Average number of drilling rigs worldwide by region: 2023

• Global number of drilling rigs by region: Percentage breakdown of the average number of drilling rigs for 2023

• Unconventional oil and gas deposits trigger demand for high-quality OCTG products

• Deep sea drilling expands the possibilities

• Operators announce new deep-sea discoveries in the Gulf of Mexico

• Replacing ageing gas pipelines offers great growth potential

• Technological developments lead to safe and efficient pipelines

• Coating innovations lead to higher efficiency

• Demand for innovative and advanced pipeline solutions to improve operational efficiency is increasing

• Technological advances contribute to the construction of more efficient and safer pipelines

• Technologies that are changing pipeline infrastructure

• Distributed acoustic sensing: A reliable pipeline monitoring platform for pipeline operators

• Intrusion detection for pipeline security

• Need to minimize integrity issues in pipeline operations drives demand for integrity management solutions

• Corrosion protection remains a priority area in pipeline integrity management

• Pipeline leak management for end-to-end integrity management

• Acoustic leak detection proves to be a viable platform for leak detection in pipelines

• Strain gauge sensors for monitoring pipeline integrity

• Cloud-based software solutions: The new ICT frontier for pipeline operators

• Standards and regulations for oil and gas pipelines: an overview

• Fundamental risks of pipeline infrastructure

Focus on selected players(Total 101 presented)

• American Cast Iron Pipe Company

• ArcelorMittal SA

• China Steel Corporation

• ConocoPhilips

• EUROPIPE GmbH

• EVRAZ North America

• JFE Holdings Inc.

• Maharashtra Seamless Ltd.

• National Oilwell Varco / NOV, Inc.

• Nippon Steel Corporation

• Royal Dutch Shell PLC / Shell Plc

• Saipem SpA

• Underwater 7 SA

• TechnipFMC Plc

• TMK Group

• Valourec SA

• Welspun Corp Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/r8ntji

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