Oil & Gas Pipeline Market Analysis by Stainless Steel, HDPE, and PVC for External Transportation & Distribution and Internal Processes Forecast 2028
The Global Oil & Gas Pipeline Market is poised for growth with new projects and increased offshore activities forecasted. TechSci Research predicts robust growth for the market from 2024 to 2028.
Oil pipelines handle crude oil
and natural gas liquids through three main types: collection, crude oil, and
refinery systems. Collection systems gather materials from production wells,
transporting them to refineries via crude pipelines. Refined products like
gasoline then move through refinery piping to storage or distribution sites.
Natural gas pipelines move gas
from production wells or import/export facilities to various destinations,
using collection, transmission, and distribution systems. Collection pipelines
gather raw materials, while major transmission lines carry gas to ports,
refineries, and cities. Distribution networks then deliver products to homes
and businesses via main and service lines.
Browse over XX market data Figures spread through XX Pages
and an in-depth TOC on the "Global Oil
& Gas Pipeline Market."
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The Global Oil & Gas Pipeline Market segments include type, application,
source, region, and competition. Types are crude oil and natural gas pipelines.
Natural gas consumption rose to 4.191 bcm in 2022, driven by demand in
industries like power and transportation. This trend will boost gas pipeline
infrastructure. By 2030, the Middle East, Africa, and Asia-Pacific are expected
to drive natural gas demand for environmental and energy security reasons.
Russia leads LNG exports, with 201.7 bcm in 2021. LNG trade growth will drive
demand for gas pipelines. Currently, 408 new gas pipelines are under
construction globally, totaling 193,400 km, with 510 capacity expansions.
Europe has 16 pipelines under construction, totaling 3,200 km, costing USD6.5
billion. The Baltic Pipe Project, with a budget of USD2.1 billion, will
increase the EU's gas import capacity by 10 bcm annually. New gas sources like
shale gas will drive international trade and pipeline expansion.
Key market players in the Global Oil & Gas
Pipeline Market are: -
- Nippon
Steel Corporation
- Tenaris
Inc.
- TMK
Group
- Mott
Macdonald Group Ltd
- Shengli
Oil & Gas Pipe Holdings Limited
- United
States Steel Corporation
- OMK
Steel Ltd
- ChelPipe
Group
- Gazprom
PJSC
- British
Petroleum p.l.c.
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"Expect natural gas to
dominate with 408 new pipelines worldwide, totaling 193,400 km. Europe sees 16
pipelines under construction, spanning 3,200 km at a cost of USD6.5 billion.
Asia-Pacific will lead, with energy consumption projected to rise by 48% by
2050, mainly driven by China, set to increase global energy consumption by 30%
by 2025. China's natural gas imports hit 162.7 bcm in 2021 to meet
demand," said Karan Chechi, Research Director at TechSci Research.
"The report 'Oil &
Gas Pipeline Market – Global Industry Size, Share, Trends, Opportunity, and
Forecast 2018-2028' assesses the market's growth potential, providing insights
on size, structure, and future growth. It aims to offer actionable intelligence
for investment decisions, highlighting emerging trends, drivers, challenges,
and opportunities."
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