Press release
Global Onshore Oil And Gas Pipeline Market To Be Driven By The Rising Demand For Natural Gas In The Forecast Period Of 2023-2028
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
Forecast CAGR (2023-2028): 5.4%
The market for onshore oil and gas pipelines is being led by the rising demand for energy in the Asia Pacific region. China and India are some of the biggest consumers of oil and gas in the world. The surging demand for fossil fuels in power generation in various emerging economies is also increasing the demand for onshore oil and gas pipelines, hence driving the market growth. In addition, favourable government policies and incentives to develop and expand pipeline infrastructure in various countries, such as India, China, and Indonesia, are propelling the market growth in the region, contributing significantly to the overall industry growth.
Onshore Oil and Gas Pipeline Industry Definition and Major Segments
Onshore oil and gas pipelines provide economic, safe, and reliable transportation of various oil and gas. The pipelines are made from plastics or steel and aid in the transportation of oil and gas from their production unit to a storage facility or a bigger pipeline.
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The market can be broadly categorised on the basis of its type into:
Electric Resistance Welded (ERW) Pipes
Spiral Submerged Arc Welded (SSAW) Pipes
Longitudinally Submerged Arc Welded (LSAW) Pipes
Others
By products, the market is segmented into:
Crude Oil
Natural Gas and NGL
Refined Products
Based on application, the market is divided into:
Crude Oil Transmission
Natural Gas Transmission
Refined Products Transmission
The regional markets of onshore oil and gas pipelines are:
North America
Asia Pacific
Europe
Middle East and Africa
Latin America
Onshore Oil and Gas Pipeline Market Trends
The onshore oil and gas pipeline industry is expected to be driven by the rising demand for natural gas. In addition to being a source of clean energy, natural gas is also cost-effective, hence it is increasingly used to meet global energy demand which is expected to propel the market growth. The globalisation of the oil and gas industry is escalating the demand for transportation and interconnectivity through pipelines, therefore providing further impetus to the market growth.
Rapid technological advancements and innovations which can develop advanced pipelines are anticipated to augment the industry growth. Additionally, the discovery of new oil and gas reserves is increasing the demand for transportation through onshore pipelines, further invigorating the market growth.
Key Market Players
The major players in the market are Arcelor Mittal S.A., Tenaris S.A., CPW America Co., Essar Group, and TMK Group, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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