Oil & Gas Pipeline M

Oil & gas produced along with distilled products, stable chemical substances are preferably transported between sites using pipeline. Since the start of the millennium, the investments in the global pipeline market have gained a strong momentum. the surge in the investments is due to the favorable market conditions and industry trends which is caused by the drivers like increase in of fshore activities, surge in the deep water production events and the development of the remote and hard to access fields. the pipeline sector accounts for approximately 40% of the total of fshore capex. the main restraint for the market would be the weak economy, political instability in the certain parts of the world.

The global Oil & Gas Pipeline Market size is estimated at more than $50 billion in 2014 and is expected to grow at an impressive CAGR of over 10% till 2019. the major factors responsible for driving the growth of this market include the energy demand growth across the globe, increase in the deep water activities, and increase in the export of the chemical products across the globe. the emerging economies show a commendable growth in the pipeline market.

The European region is expected to be the largest market for Oil & Gas Pipeline Market. the increase in the E&P spends and increasing long-distance export lines, with substantial investment also on possible Nord Stream extensions to the Netherlands, and the South Stream would be pushing the market. During the forecast period, Europe’s share is expected to increase which is supported by the above developments. the second largest market would be of Asia-Pacific region but is expected to experience a decline in the market share in the coming years. Historically the region was driven by conventional shallow-water developments associated with fixed infrastructure. In the upcoming years the market in the region will be driven by the various conventional production activities in the Mumbai High redevelopment of fshore India, the Bongkot and Arthit expansion projects in Thailand, and the Bao Vang field, Vietnam.

The Middle Eastern region is the third largest market for the oil & gas pipeline market. the main drivers for the growth of the market in this region are presence of conventional shallow water activity across Saudi Arabia, Qatar, Kazakhstan and Iran.

The market is also studied on the basis of type of the pipeline installed like flow lines, gathering lines, transmission lines and distribution lines.

Oil & Gas Pipeline Market Size ($Million), 2013

Source: Related research publications and MarketsandMarkets Analysis

The report analyzes the oil & gas pipeline market for different regions. the report also provides a market overview of oil & gas pipeline by different applications. Among these applications, oil & gas is the most preferred one.

For this report, the major players in the market are identified through secondary and primary research, based on which their market shares are evaluated. This includes a study of the annual reports of top market players and interviews with key opinion leaders such as the CEOs, directors, and marketing executives. the market sizes for various types of pipeline manufacturers are determined and evaluated using primary and secondary research. the market data is available from 2012 to 2019 with a CAGR from 2014 to 2019.