Press release
Crude Oil Pipeline Transport Market Growth, Demand, Key Drivers, Forecast To 2033
Crude Oil Pipeline Transport Market Growth
As per the report, the crude oil pipeline transport market size has grown strongly in recent years. It will grow from $69.32 billion in 2023 to $74.47 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The crude oil pipeline transport market size is expected to see strong growth in the next few years. It will grow to $99.29 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%.
Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=9790&type=smp
Surging Oil And Gas Demand Drives Expansion In Crude Oil Pipeline Transport Market
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. For instance, in March 2023, according to the US Energy Information Administration, a US-based federal statistical system for gathering, processing, and disseminating energy data, there is an increase in U.S. crude oil output to 12.4 million b/d in 2023 from the record high of 11.7 million b/d in 2022. Furthermore, in September 2022, the US consumed an average of 86.6 billion cubic feet of natural gas per day (Bcf/d) in 2022, the highest annual consumption of natural gas in the U.S. as compared to the previous year. Therefore, a surge in the demand for oil and gas is anticipated to fuel the crude oil pipeline transportation market.
Crude Oil Pipeline Transport Market Adopts Advanced Technologies For Enhanced Efficiency
Technological advancements have emerged as a key trend gaining popularity in the crude oil pipeline transport market. Major players operating in the crude oil transport market are concentrating their efforts on creating innovative technologies to strengthen their position in the market. For instance, in November 2021, Schneider Electric SE, a France-based oil pipeline company, partnered with Prisma Photonics, an Israel-based company operating in designing and manufacturing fiber sensing for oil and gas infrastructure, introduced the PrismaFlow with the integration of real-time intelligence and precise monitoring to prevent accidental and malicious activity, which enhances efficiency and sustainability in energy transportation via pipelines and avoids resource loss. PrismaFlow is a pipeline monitoring solution made up of both hardware and software, significantly lowering positive and negative false alarm rates as compared to other fiber-sensing technology. PrismaFlow offers improved event classification and detection with a precision of less than 10m and can recognize multiple simultaneous events without interference or crosstalk.
The crude oil pipeline transport market covered in this report is segmented -
1) By Pipeline Type: Gathering pipeline, Transmission pipeline, Distribution pipeline, Feeder pipeline
2) By Solutions: Security Solutions, Automation and Control, Integrity and Tracking Solution, Network Communication Solutions, Other Solutions
3) By Location of Deployment: Onshore, Offshore
4) By Service: Consulting Services, Managed Services, Maintenance and Support
Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=9790&type=discount
Major companies operating in the crude oil pipeline transport market report are ABB Ltd., Alcatel-Lucent Enterprise, Emerson Electric Co., TechnipFMC PLC, Schneider Electric SE, Environmental Systems Research Institute Inc. (ESRI), Rockwell Automation Inc., Siemens Energy AG, Trimble Inc., Alstom SA, John Wood Group PLC, Tenaris S.A., TMK Group, ChelPipe Group, Huawei Technologies Co Ltd., Honeywell International Inc., TC Energy Corporation, Enbridge Inc., Kinder Morgan Inc., Magellan Midstream Partners LP, Phillips 66 Partners LP, Enterprise Products Partners LP, Marathon Petroleum Corp., Colonial Pipeline Co., Explorer Pipeline Co., Plains GP Holdings LP, Western Refining Logistics LP, Delek Logistics Partners LP, SemGroup Corp., Targa Resources Corp., Williams Cos. Inc., Dominion Energy Inc..
Contents of the report:
1. Executive Summary
2. Crude Oil Pipeline Transport Market Report Structure
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
…..
27. Crude Oil Pipeline Transport Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/crude-oil-pipeline-transport-global-market-report
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
"Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide."
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Crude Oil Pipeline Transport Market Growth, Demand, Key Drivers, Forecast To 2033 here
News-ID: 3600369 • Views: …
More Releases from The Business research company
Intratumoral Cancer Therapies Industry Report 2025-2034: Market Dynamics, Trends …
The Intratumoral Cancer Therapies Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Intratumoral Cancer Therapies Market Size and Its Estimated Growth Rate?
The market size for intratumoral cancer treatments has seen a significant increase in the past few years. It's predicted to…
Evolving Market Trends In The Insurance Advertising Industry: Insurance Advertis …
The Insurance Advertising Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Insurance Advertising Market Size and Its Estimated Growth Rate?
In recent times, the insurance advertising market has witnessed accelerated expansion. The market size is forecasted to rise from $12.77 billion in…
Rising Prevalence Of Chronic Diseases To Drive Market Growth: Key Factor Driving …
The Infusion Pump Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Infusion Pump Market Size and Its Estimated Growth Rate?
The market size for infusion pumps has significantly expanded in the past few years. The expected growth is from $14.77 billion in…
Industrial Refrigeration Systems Industry Report 2025-2034: Market Dynamics, Tre …
The Industrial Refrigeration Systems Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Industrial Refrigeration Systems Market Size and Its Estimated Growth Rate?
In the past few years, the industrial refrigeration systems market has seen robust growth. The size is forecasted to increase…
More Releases for Pipeline
Refined Petroleum Products Pipeline Transportation Global Market 2018: Key Playe …
Refined petroleum products pipeline transportation industry comprises establishments primarily engaged in the pipeline transportation of refined petroleum products.
Introduction of new and advanced technologies in the industry is highly increasing the demand of refined petroleum products pipeline transportation market. Several countries has begun with the usage of drones and advanced surveillance systems for pipeline monitoringand also to protect oil pipelines from any disrupt acts. With these new robotics and IoT solutions…
Pipeline of Batten Disease Market Pipeline Review, H2 2017
"The Report Batten Disease - Pipeline Review, H2 2017 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz"
Global Markets Direct's latest Pharmaceutical and Healthcare disease pipeline guide Batten Disease - Pipeline Review, H2 2017, provides an overview of the Batten Disease (Central Nervous System) pipeline landscape.
Batten disease, a rare genetic disorder, belongs to a group of progressive degenerative neurometabolic disorders known…
Pressure Ulcers (Dermatology) Pipeline Landscape H2, 2017 - Pharmaceutical Pipel …
Market Research Hub's latest Pharmaceutical and Healthcare disease pipeline guide Pressure Ulcers Pipeline Review, H2 2017, provides an overview of the Pressure Ulcers (Dermatology) pipeline landscape. Pressure ulcers are an injury that breaks down the skin and underlying tissue. The parts of the body most at risk of developing pressure ulcers are those that are not covered by a large amount of body fat and are in direct contact with…
Hypotension (Cardiovascular) Pipeline Review H2, 2017 - Pharmaceutical Pipeline …
Market Research Hub's latest Pharmaceutical and Healthcare disease pipeline guide Hypotension Pipeline Review, H2 2017, provides an overview of the Hypotension (Cardiovascular) pipeline landscape. Low blood pressure, or hypotension, occurs when blood pressure during and after each heartbeat is much lower than usual. This means the heart, brain, and other parts of the body do not get enough blood. Symptoms include blurred vision, dizziness, confusion, sleeplessness, and weakness. Treatment is…
Hypotension (Cardiovascular) Pipeline Review H2, 2017 - Pharmaceutical Pipeline …
Market Research Hub's latest Pharmaceutical and Healthcare disease pipeline guide Hypotension Pipeline Review, H2 2017, provides an overview of the Hypotension (Cardiovascular) pipeline landscape. Low blood pressure, or hypotension, occurs when blood pressure during and after each heartbeat is much lower than usual. This means the heart, brain, and other parts of the body do not get enough blood. Symptoms include blurred vision, dizziness, confusion, sleeplessness and weakness. Treatment is…
Cluster Headache Syndrome Pipeline Review H2, 2017 - Pharmaceutical Pipeline Gui …
Market Research Hub's latest Pharmaceutical and Healthcare disease pipeline guide Cluster Headache Syndrome Pipeline Review, H2 2017, provides an overview of the Cluster Headache Syndrome pipeline landscape. Cluster headache is pain that occurs along one side of the head. It is frequently occurs around, behind, or above the eye. Symptoms include burning, sharp, steady pain, red eye, runny nose, excessive tearing and flushed face. Risk factors include age and gender.…
