Oil Pipeline Infrastructure Market Growth, Top Players, and Forecast by 2031

MARKET INTRODUCTION

The oil pipeline infrastructure facilitates the transportation of crude and refined products safely to the demand centers while maintaining the standard pressure and flow conditions. The transmission infrastructure includes a vast network of pipelines of varying sizes and functions including large diameter transmission or trunk lines and smaller gathering lines. The long-distance transportation is facilitated by the interstate or intrastate pipeline mains while the gathering lines facilitates transportation from well head to central collection point for processing and storage.

MARKET DYNAMICS

Rapid growth of economy will be the factor that will drive the global oil pipeline infrastructure market along with the population growth and industries which flourished demand for energy. It resulted in replacement, expansion, and upgrading of oil pipeline infrastructure in order to fulfill the huge upcoming oil demand. Growing demand for oil accelerated the international trade relationship among the countries resulting in an increase in demand for good pipeline infrastructure for export and import of crude oil.

MARKET SCOPE

The ˜Global Oil Pipeline Infrastructure Market Analysis to 2031" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the oil pipeline infrastructure market with detailed market segmentation by product, diameter, operation, and application. The global oil pipeline infrastructure market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading oil pipeline infrastructure market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

1. By product: The global market is divided into Crude Oil, Petroleum product.
2. By Diameter: The global market is divided into Less than 8 inch, 8-24 inch, and More than 24 inch.
3. By Operation: The global market is divided into Transmission, and Gathering.
4. By Application: The global market is divided into Onshore, and Offshore.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The oil pipeline infrastructure market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the oil pipeline infrastructure market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the oil pipeline infrastructure market in these regions.
IMPACT OF COVID 19
The oil and gas pipeline infrastructure market is one of the worst-hit industries during COVID-19. Several major midstream companies witnessed reduced net earning till the third quarter of 2021. Pipeline projects in multiple countries witnessed delays due to imposed lockdown restrictions in major countries like the United States, India, and others. The decreased gas demand due to the decline in electricity consumption and travel restrictions have also affected gas consumption in several countries negatively. Despite this, the oil demand is expected to rise by around 1 million barrels per day (BPD) on an average every year till 2031, from 97 million BPD in 2021. In a bid to meet the rising consumption of oil and gas, the pipeline capacities are being expanded and new pipeline projects are being commissioned. Moreover, an increase in offshore activities, such as deepwater and ultra-deepwater production and development, are driving the oil and gas pipeline market.

MARKET PLAYERS

The report covers vital developments in the oil pipeline infrastructure market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships and collaborations. These activities have paved the way for the expansion of businesses and the customer base of market players. The market players from the oil pipeline infrastructure market are anticipated to have lucrative growth opportunities in the future with the rising demand for oil pipeline infrastructure in the global market. Below mentioned is the list of a few companies engaged in the oil pipeline infrastructure market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the oil pipeline infrastructure market. Decide the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.

•   Enbridge
  
•   TransCanada
  
•   Kinder Morgan
  
•   Pembina
  
•   CNPC
  
•   Petrobras
  
•   PetroChina
  
•   Bechtel
  
•   Jindal Group
  
•   National Oil Varco
  
•   Welspun Corporation
  
  

The Insight Partners dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Oil Pipeline Infrastructure Report Scope