Rising Demand for Energy to Boost the Onshore Oil and Gas Pipeline Market | Technavio

By , in PR PR World on .

LONDON–The global onshore oil and gas pipeline market is expected to grow at a CAGR of close to 7% during the forecast period, according to Technavio’s latest market research.

In this market research report, Technavio covers the market outlook and growth prospects of the global onshore oil and gas pipeline market for 2017-2021. The market is further categorized into two application segments comprising of gas pipelines and oil pipelines. The gas pipelines segment dominated the market with close to 56% of the overall market share in 2016.

“Transporting oil through rail, road, or ships is expensive and requires frequent trips. However, with pipelines, the transportation of oil and gas can run continuously and can be ramped up or shut down at any time. Pipelines are the most preferred mode of transporting oil and gas. Increasing global consumption of oil and gas is expected to drive the global onshore oil and gas pipeline market during the forecast period,” says Thanikachalam Chandrasekaran, a lead oil and gas research expert from Technavio.

Technavio’s research analysts segment the global onshore oil and gas pipeline market into the following regions:

  • Americas
  • APAC
  • EMEA

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Americas – market size and forecast

The Americas holds the largest share of the global existing oil and gas pipeline length. The US possesses 89.37% of all the existing oil and gas pipeline infrastructure in the Americas as of 2016. The country has a vast history of oil and gas exploration and refining, dating back to more than a century. Fueled by the shale gas and shale oil boom, it possesses approximately two-thirds of the pipeline infrastructure in the world.

Many new pipelines are coming up in the Americas during the forecast period. These are TransCanada's Keystone XL pipeline and Energy East pipeline, Atlantic Coast Pipeline in the US, and automation of Los Ramones pipeline in Mexico. Moreover, new oil and gas field discoveries in Latin American countries of Argentina and Brazil will attract heavy investments to develop these oil and gas fields.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

APAC – market size and forecast

APAC is experiencing high demand for oil owing to rising consumption in countries such as China, India, Japan, South Korea, and Indonesia. The growing demand has put pressure on these countries to meet the high demand in the future. This has led to a need to increase exploration activities in the region, which is expected to drive the onshore oil and gas pipeline market during the forecast period.

“The growth momentum is accelerating in APAC. Rising oil and gas consumption in the region will result in increased upstream activities in countries such as India, China, Indonesia. New explorations will require laying of the crude oil and natural gas pipeline network for easy transportation of the produced material, which will provide a major boost to the onshore oil and gas pipeline market during the forecast period,” says Thanikachalam.

EMEA – market size and forecast

The onshore oil and gas pipeline market in EMEA is expected to witness moderate growth during the forecast period. As of 2016, oil and gas pipelines under the construction phase in EMEA will increase the existing length of oil and gas pipelines by around 40%. These include cross-border pipelines to supply natural gas from Russia to demand locations in Europe.

EMEA is marked with major crude oil and natural gas exporters. The rising oil and gas demand in APAC countries of China and India will drive the crude oil exporters to further explore their oil and gas reserves. This will result in increased construction of onshore oil and gas pipelines to transfer the produced oil and gas to refineries.

The top vendors in the global onshore oil and gas pipeline market as highlighted in this market research analysis are:

  • BP
  • Gulf Interstate Engineering
  • Mott MacDonald
  • Saipem
  • TechnipFMC

Browse Related Reports:

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at [email protected].

The following two tabs change content below.
Sarah Thompson

Sarah Thompson

Sarah is a financial reporter, focusing on technology, national security, and policing. Before joining Daily Telescope she worked as a staff writer at Fast Company and spent two years as a foreign correspondent in Turkey. Her work has been published in Al Jazeera America, The Nation, Vice News, Motherboard, and many other outlets.
%d bloggers like this: