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Crude Oil Pipeline Transport Market Growth, Size, Share And Global Forecast 2023-2032
Crude Oil Pipeline Transport Market Report
Crude Oil Pipeline Transport Market Size, Growth Rate, And Forecast:
The global crude oil pipeline transport market size is expected to grow from $64.61 billion in 2022 to $69.91 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global crude oil pipeline transport market size is expected to reach $92.92 billion in 2027 at a CAGR of 7.4%.
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Crude Oil Pipeline Transport Market Drivers:
The surge in the demand for oil and gas is expected to propel the growth of the crude oil pipeline transport market going forward. Oil and gas are the fossil fuels in their liquid and gaseous states, respectively, that are used in various industries such as transportation, insulation, plastic, clothing, furniture, food, and automation. Due to its safety and low maintenance cost, pipeline transportation is considered to be one of the most commonly used ways for transportation of crude oil and gases from nearby or far oil wells to oil tankers.
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Crude Oil Pipeline Transport Market Segments
•By Pipeline Type: Gathering pipeline, Transmission pipeline, Distribution pipeline, Feeder pipeline
•By Solutions: Security Solutions, Automation and Control, Integrity and Tracking Solution, Network Communication Solutions, Other Solutions
•By Location of Deployment: Onshore, Offshore
•By Service: Consulting Services, Managed Services, Maintenance and Support
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the crude oil pipeline transport market.
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Crude Oil Pipeline Transport Market Key Players:
Major competitors in the crude oil pipeline transport market include ABB Ltd., Alcatel-Lucent Enterprise, Emerson Electric Co., TechnipFMC PLC, Schneider Electric SE, Environmental Systems Research Institute Inc. (ESRI), Rockwell Automation Inc., Siemens Energy Global, Trimble Inc., Alstom, John Wood Group PLC, Tenaris S.A., TMK Group, ChelPipe Group, Huawei Technologies Co Ltd., and Honeywell International Inc.
The Business Research Company's "Global Crude Oil Pipeline Transport Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Crude Oil Pipeline Transport Market Include:
1. Executive Summary
2. Crude Oil Pipeline Transport Market Characteristics
3. Crude Oil Pipeline Transport Market Trends And Strategies
4. Crude Oil Pipeline Transport Market - Macro Economic Scenario
5. Crude Oil Pipeline Transport Market Size And Growth
....
26. Africa Crude Oil Pipeline Transport Market
27. Crude Oil Pipeline Transport Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Crude Oil Pipeline Transport Market
29. Crude Oil Pipeline Transport Market Future Outlook and Potential Analysis
30. Appendix
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