Oil Pipeline Infrastructure Market size to exceed $135bn by 2025

Oil Pipeline Infrastructure Market size will surpass USD 135 billion by 2025, as reported in the latest study by Global Market Insights Inc.
 

Increasing investment toward exploration and production along with discoveries of various potential fields will foster the oil pipeline infrastructure market. Need to maintain energy security along with direct influence on GDP, employment generation and other macroeconomic indicators will complement the business landscape. In 2018, major oil discoveries were recorded across Guyana, the U.S., Cyprus, Norway and Oman in which majority of the fields across Cyprus and Guyana were made across ultra-deep waters.
 

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Rapid globalization coupled with booming international trades will drive the oil pipeline infrastructure market growth. Increasing refurbishment projects owing to need to replace ageing infrastructure will proliferate the industry growth. Stringent environment policies along with protest from local activist group will impact the clearance of several pipeline projects.
 

Browse key industry insights spread across 260 pages with 546 market data tables & 31 figures & charts from the report, “Oil Pipeline Infrastructure Market Size By Product (Crude Oil, Petroleum Product), By Application (Onshore, Offshore), By Operation (Transmission, Gathering), By Diameter {≤ 8 Inch, >8-24 Inch, > 24 Inch}) Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, UK, Germany, France, Russia, China, Australia, India, Malaysia, Indonesia, Angola, Nigeria, South Africa, Saudi Arabia, Iran, Iraq, Turkey, Brazil, Argentina), Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/oil-pipeline-infrastructure-market
 

Rising exploration and production activities across subsea oilfields will foster the offshore oil pipeline infrastructure market. Flexible trade policies along with ongoing strategic ventures for joint development and access to foreign hydrocarbon reserves will enhance the industry outlook. In addition, prevailing replacement and upgradation projects will complement the business landscape. For instance, in April 2018, McDermott International announced its air and saturation dive for its offshore pipeline construction project across South Africa involving the replacement of various pipeline assets.
 

The Middle East oil pipeline infrastructure market is driven by geopolitics and ongoing rivalry amongst major industry players competing to establish their positions. Need to diversify from Russian dominance the major industry giants including Qatar and Iran have set plans to extend pipelines to European market. The Goureh-Jask crude pipeline, Naeen-Rey pipeline and Sabz-Ab Rey crude pipeline with total length of 1,100 km, 420 Km and 620 Km respectively are some of the major crude oil pipeline projects expected to be operational by 2022.
 

The oil pipeline infrastructure market by transmission lines is set to grow on account of growing need to establish a reliable and efficient oil transportation network across developing economies. Stringent industry standards and codes pertaining the raw material and quality have led to replacement of various pipeline network. In addition, increasing investment in order to upgrade the existing assets along with growing number of upcoming green field projects will augment the industry landscape.
 

Key industry players functioning across the oil pipeline infrastructure market include TransCanada, Enbridge, Kinder Morgan, Pembina, Enbridge, CNPC, PetroChina, Petrobras Bechtel, National Oil Varco, Europipe, Jindal Group, Welspun Corporation, CRC Evans and Chelpipe.
 

Oil pipeline infrastructure market research report includes in-depth coverage of the industry with estimates & forecast in terms of Volume and Capex from 2019 to 2025, for the following segments:

Oil Pipeline Infrastructure Market, By Product

• Crude oil
• Petroleum product

Oil Pipeline Infrastructure Market, By Application

• Onshore
• Offshore

Oil Pipeline Infrastructure Market, By Operation

• Transmission
• Gathering

Oil Pipeline Infrastructure Market, By Diameter

• ≤8 Inch
• >8-24 Inch
• >24 Inch

The above information is provided on a regional basis for the following:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Russia
  • France
  • Germany
• Asia Pacific
  • India
  • China
  • Indonesia
  • Malaysia
  • Australia
• Middle East & Africa
  • Angola
  • Nigeria
  • South Africa
  • Saudi Arabia
  • Iran
  • Iraq
  • Turkey
• Latin America
  • Brazil
  • Argentina