The EVTOL Aircraft Market to witness on-demand service access
Market - Oil Gas Pipes Market
Market Value - US$ 4,000 Mn in 2022
Market CAGR Value - 5.1% in 2017 to 2022
Market Forecast Year - 2017 to 2022
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Growing need for transporting oil and gas materials has led to an upsurge in demand for oil and gas pipelines globally. In addition, increasing demand for internal processing of the oil and gas materials is projected to impact global market growth of oil and gas pipes positively. Persistence Market Research projects that the global market of oil and gas pipes is projected to reflect a CAGR of 5.1% over the forecast period, 2017-2022.
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The report has profiled some of the Important players prevalent in the global like - Valourec S.A., Tenaris S.A., Metalurgica Gerdau S.A., Mexichem Sab de C.V., JFE Holdings Inc., JSW Steel Limited, China Steel Corporation, Aliaxis Group S.A., Arcelor Mittal S.A. and American Cast Iron Pipe Company and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Oil Gas Pipes.
Factors Fuelling Growth of the Global Market
Growth of the global oil and gas pipes market is mainly bound to various macro-economic and micro-economic factor. Manufacturers are increasingly adopting advanced technology such as Internet of Things in order to integrate features such as sensing communication and analytical capabilities. Emerging technology integrated in the oil and gas piping system enables the manufacturers to retrieve the data about the transportation activities. Weaving advanced technology through the oil and gas pipeline has further enabled the manufacturers to optimize operations and improve reliability. Manufacturers of the oil and gas pipes will continue to benefit from the emerging technology that retrieves information regarding the piping activities.
Growing demand for oil and gas in the transportation industry is further projected to rev up demand. Moreover, increase in the number of drilling and extraction projects will continue to rev up demand for the oil and gas pipes. Demand for oil and gas pipes will also increase with the growing need to transport oil and gas resources from the production place to the main storage area. Emergence of smart technology like Internet of Things in the oil and gas pipes is further transforming the transportation and management of the oil and gas materials during the extraction and drilling projects. Integration of the piping system with enhanced technology allows the end users to monitor and retrieve data regarding the status of the pipelines, storage and transportation of materials during the offshore and onshore activities.
In order to ensure that safe and protective transportation of oil and gas materials, manufacturers are adopting enhanced techniques and materials that protect the pipelines and the materials from the corrosive environment and extreme temperature. Government in various countries are taking initiatives to encourage smart city developments. This has led to increasing adoption of intelligent techniques among the oil and gas pipe manufacturers. In addition, emergence of smart pigging technology enables the end users to retrieves information regarding the transportation activities and materials transported along with enhanced cleaning process. With this the end users can maintain an accurate database regarding the transportation of oil and gas materials.
However, the end users in the global market prefer opting for high-tech piping system to ensure protective transportation of oil and gas materials. Incorporating high-tech oil and gas piping system requires high investment and resources. Attributed to increasing investment, manufacturers in various developing countries prefer opting for cheaper alternatives. Moreover, installation of the high-tech piping system requires maintenance of the pipes, which could lead to additional expenses. Such factors will continue to hinder the sales of the oil and gas pipes during the forecast period.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Oil Gas Pipes Market Manufacturers
Oil Gas Pipes Market Distributors/Traders/Wholesalers
Oil Gas Pipes Market Subcomponent Manufacturers
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Major Highlights of the Oil Gas Pipes Market Report:
The Oil Gas Pipes Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
The report dives deeper into the market and explains the dynamic factors bolstering market growth.
The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
The report analyzes the Oil Gas Pipes Market presence across major regions of the world.
It determines the production & consumption capacities and demand & supply dynamics of each regional market.
The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?
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