The global oil & gas pipeline services market reached US$ XX million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is growing at a CAGR of 6.60% during the forecast period (2023-2030).
An oil & gas pipeline delivers oil or gas under high pressure. It’s made of concrete, steel, plastic and other materials to transport natural resources from the purification site to processing facilities before being delivered to end-use consumers. Pipeline systems connect different points to move resources across regions quickly and efficiently while providing safety measures against accidents or leaks during transit due to corrosion or other reasons.
Metrics |
Details |
CAGR |
6.60% |
Size Available for Years |
2021-2030 |
Forecast Period |
2023-2030 |
Data Availability |
Value (US$) and Volume (Tons) |
Segments Covered |
Type, Service, Deployment and Region |
Regions Covered |
North America, Europe, Asia-Pacific, South America and Middle East & Africa |
Fastest Growing Region |
Asia-Pacific |
Largest Region |
North America |
Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
Crude oil pipelines provide a cost-effective solution
Crude oil pipelines also help to drive market growth by providing access to new markets for oil and gas producers. For instance, a crude oil pipeline connecting a production site in one region to a refinery or storage facility in another can open up new markets for the oil and gas produced at that site. Further, crude oil pipelines play a critical role in driving the market growth for oil and gas pipeline services by providing a cost-effective and efficient means of transporting crude oil, increasing the reliability of the oil and gas supply chain and providing access to new markets for oil and gas producers.
The high initial installation cost
Pipelines need intricate and expensive installation, making it challenging for businesses to justify the expense. Heavy machinery and specialized equipment, such as excavators, bulldozers, and cranes, are necessary to build pipelines but can be expensive to buy or hire. Furthermore, the task of building pipes calls for the labor of qualified engineers and maintenance workers, both of whom can be costly to engage. All of the costs incurred in building the pipes raise the price of the finished product, decreasing consumer demand. Hence, the expansion of the oil and gas pipeline services market may be severely constrained by high installation costs.
The global oil & gas pipeline services market is segmented on type, service, deployment and region.
The pre-commissioning segment covered a significant market share due to its use in operation for cleaning and testing
Pre-commissioning services are critical for the growth of the oil and gas pipeline industry. It helps to ensure that pipelines are constructed and operated safely, efficiently and in compliance with regulations. It helps to reduce costs, minimize the risk of accidents and increase the reliability of the pipeline. The respective fact attracts investment and increases the demand for oil and gas transportation services, which drives growth in the industry.
Source: DataM Intelligence Analysis (2023)
Growing energy consumption and expanding oil and gas pipeline infrastructure
By 2050, the Asia-Pacific region's energy consumption is anticipated to rise by up to 48%. The International Energy Agency (IEA) estimates that China will provide 30% of the global increase in energy through 2025. In addition, China has imported more natural gas to keep up with its growing consumption. In order to accommodate the rising demand, India is also updating its gas pipeline infrastructure. The Indian government planned a pipeline project for the union territory of Jammu and Kashmir in the annual budget for 2021. In addition, the country plans to invest in constructing gas infrastructure, such as gas pipelines, CGD, and LNG regasification terminals. The goal is to boost the proportion of natural gas in the country's energy mix to 15%. As a result, the expansion of pipeline infrastructure and rising demand in the Asia-Pacific region are key contributors to the growth of the oil and gas industry.
Source: DataM Intelligence Analysis (2023)
The major global players include Tenaris, ArcelorMittal SA, Nippon Steel Corporation, ChelPipe Group, Chevron Corporation, Maharashtra Seamless Ltd, National Oilwell Varco, Subsea 7 S.A., TechnipFMC and Royal Dutch Shell P.L.C.
By Type
By Service
By Deployment
By Region
The global oil & gas pipeline services market report would provide approximately 61 tables, 57 figures and 187 Pages.
Suggestions for Related Report
What is the Projected CAGR value of the Oil & Gas Pipeline Services Market?
Oil & Gas Pipeline Services Market is expected to grow at a CAGR of 5.9% high during the forecasting period 2022-2029.
Which is the fastest growing region in the Oil & Gas Pipeline Services Market?
Among all regions, Asia Pacific is the fastest growing market share during the forecast period.
Who are the key players in Oil & Gas Pipeline Services Market?
Bechtel Corporation, Pumpco Inc., Tenaris, Sunland Construction Shengli Oil & Gas Pipe Holdings Limited, Gateway Pipeline LLC, Ledcor Group, Larsen & Toubro Limited, China National Petroleum Corporation, Chevron Corporation, ConocoPhillips.