Press release
Pipeline Construction Global Market Report 2025: Strong Growth, Advanced Technologies and Major Trends
Pipeline Construction Market Size
What Is The Projected Market Size Of The Global Pipeline Construction Market And Its Growth Rate?
•The pipeline construction market has grown significantly in recent years and will continue to grow.
•The market size will expand from $49.97 billion in 2024 to $52.65 billion in 2025 at a Compound Annual Growth Rate (CAGR) of 5.4%.
•The growth in the historic period can be attributed to the development of oil and gas resources, demand for safe, reliable and economical infrastructure to transport oil and gas, and increase in investments in pipeline projects.
•The market is expected to see robust growth in the coming years, reaching $66.83 billion in 2029 at a CAGR of 6.1%.
•The growth in the forecast period can be attributed to various factors such as climate change initiatives, public perception and opposition, geopolitical stability, resource exploration, and energy transition policies.
What Is Driving The Growth In The Pipeline Construction Market?
The increase in energy consumption is steering the growth of the pipeline construction market. The need for energy is on the rise due to increasing wealth, urbanization, and improved access to electricity. Energy production industries use pipelines to transport energy supplies, like natural gas, propane, and gasoline. In 2023, energy consumption accounted for 56% of total energy use and grew at double the global rate, according to Energy Institute LLC, a UK-based chartered professional membership body. As a result, the increase in energy consumption is set to propel the demand for pipeline construction.
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Who Are the Key Players Driving Pipeline Construction Market Growth?
Major companies participating in the global marketplace include:
•Energy Transfer LP
•Nippon Steel Corporation
•Enterprise Products Partners L.P.
•Enbridge lnc.
•Larsen & Toubro Ltd.
•Kinder Morgan Inc.
•Joint Stock Company Transneft
•Tenaris S.A
•Pembina Pipeline Corporation
•TechnipFMC plc
•and others
What Are The Key Trends In The Pipeline Construction Market?
Key trends steering the market trajectory include:
•Technological advancements
•Expansion of the oil and gas industry
•Focus on research and development
•Automation and Robotics
What Are The Segments Of The Global Pipeline Construction Market?
•By Pipe Type: Metallic, Non-Metallic
•By Equipment: Valves, Pipeline, Metering Skids, Compressor stations
•By Operation: Transmission, Distribution
•By Application: Liquid Pipeline, Gas Pipeline
•By End User: Oil and Gas, Chemical, Water and Wastewater, Energy, Other End Users
Which Region Leads The Pipeline Construction Market?
North America had the largest market share in the pipeline construction market in 2024. This report covers various regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Pipeline Construction Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Pipeline Construction Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Pipeline Construction Global Market Report 2025 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 Pipeline Construction Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Pipeline Construction Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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