Press release
Global Crude Oil Pipeline Transport Market: Size, CAGR, Key Drivers, and Growth Trends
The expanding crude oil pipeline transport market is projected to grow from $75.39 billion in 2024 to $107.39 billion in 2029, driven by dominating players, key trends, and increasing global energy demand.
What Is The Projected Market Size Of The Global Crude Oil Pipeline Transport Market And Its Growth Rate?
The size and pace of the crude oil pipeline transport market has been consistently robust:
* It has grown from $75.39 billion in 2024 to $81.14 billion in 2025, at a compound annual growth rate (CAGR) of 7.6%
* Factors including global energy demand and consumption, stable transportation costs, and strategic energy security initiatives have contributed to this significant growth.
In the coming years, the crude oil pipeline transport market is projected to continue its strong growth, reaching $107.39 billion in 2029, with a CAGR of 7.3%. Factors including expanded oil exploration and production, shifts in global oil trade dynamics, and investments in pipeline infrastructure projects will drive this expected growth.
What Is Driving The Growth In The Crude Oil Pipeline Transport Market?
The surge in oil and gas demand is believed to be a strong force propelling the growth of the crude oil pipeline transport market. As widely-used fossil fuels in numerous industries, oil and gas are often transported via pipelines given the safety and low maintenance costs. For instance, in 2023, U.S. crude oil output increased to 12.4 million b/d from 11.7 million b/d in 2022, indicating an increasing reliance on oil and thus the crucial role of pipeline transportation.
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Who Are the Key Players Driving Crude Oil Pipeline Transport Market Growth?
The major companies operating in the crude oil pipeline transport market include:
* ABB Ltd.
* Emerson Electric Co.
* TechnipFMC PLC
* Schneider Electric SE
* Environmental Systems Research Institute Inc. (ESRI)
* Rockwell Automation Inc.
* Siemens Energy AG
* Trimble Inc.
* John Wood Group PLC
* Tenaris S.A.
What Are The Key Trends In The Crude Oil Pipeline Transport Market?
Key trends in the crude oil pipeline transport market include:
* Compliance with governmental regulations
* Use of remote monitoring and control systems
* Implementation of pipeline security measures
* Technological innovations in leak detection
* Collaboration and partnerships in the industry
What Are The Segments Of The Global Crude Oil Pipeline Transport Market?
The crude oil pipeline transport market is segmented by:
1) Pipeline Type: Gathering pipeline, Transmission pipeline, Distribution pipeline, Feeder pipeline
2) Solutions: Security Solutions, Automation And Control, Integrity And Tracking Solution, Network Communication Solutions, Other Solutions
3) Location Of Deployment: Onshore, Offshore
4) Service: Consulting Services, Managed Services, Maintenance And Support
Which Region Leads The Crude Oil Pipeline Transport Market?
In 2024, North America was the largest region in the crude oil pipeline transport market. The Asia-Pacific region is poised to be the fastest-growing in the upcoming period, however.
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What Is Covered In The Crude Oil Pipeline Transport Global Market Report?
- Market Size Analysis: Analyze the Crude Oil Pipeline Transport Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Crude Oil Pipeline Transport Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Crude Oil Pipeline Transport Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Crude Oil Pipeline Transport Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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