Press release
Comprehensive Oil And Gas Pipeline And Related Structures Construction Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034
Oil And Gas Pipeline And Related Structures Construction Market
The growth of the oil and gas pipeline and related structures construction market is projected to be boosted by the rising demand for natural gas. Natural gas, primarily composed of methane but also containing small amounts of ethane, propane, butane, and pentane, generates a higher need for gas transmission pipelines for secure transportation and delivery. In February 2023, for example, the US Energy Information Administration (EIA), a statistical and analytical governmental body, reported that the consumption of natural gas in the US escalated to 88.5 Bcf/d (billion cubic feet per day) in 2022, marking a 5.4% increase from the 84.0 Bcf/d consumed in 2021. Similarly, the total imports of natural gas rose to 8.3 Bcf/d in 2022, up from 7.7 Bcf/d in 2021. Hence, the growing demand for natural gas serves as a significant driver for the expansion of the oil and gas pipeline and related structures construction market.
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What Is the projected market size and growth rate for the oil and gas pipeline and related structures construction market?
In recent times, there has been a consistent growth in the market size of oil and gas pipeline and related structures construction. It is projected to increase from $261.66 billion in 2024 to $270.43 billion in 2025, experiencing a compound annual growth rate (CAGR) of 3.4% . This growth during the historical period can be attributed to factors such as the rise in energy demand, infrastructure development projects, increased oil and gas exploration, economic growth and industrialization, as well as government initiatives and policies.
The market size for construction of oil and gas pipelines and related structures is forecasted to experience stable growth over the coming years. It is predicted to rise to an impressive $313.75 billion by 2029, witnessing a compound annual growth rate (CAGR) of 3.8%. This growth during the forecast period can be ascribed to various factors such as an ongoing rise in energy demand, the integration of renewable energy, modernization and replacement projects, geopolitical influences, and a shift towards diversifying energy sources. Key trends during this period are expected to involve geopolitical stability and risks, resilient management of supply chains, a focus on safety within construction procedures, investments in LNG infrastructure, and the digital revolution in project management and execution.
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What new trends are reshaping the oil and gas pipeline and related structures construction market and its opportunities?
The rise of technological innovation and progress is a pivotal trend emerging in the construction market for oil and gas pipelines and related structures. In order to maintain their market positions, companies in this area are embracing new technologies. For example, PGNiG, an oil and gas corporation headquartered in Poland, employed a cutting-edge gas pipeline on the Norwegian Continental Shelf in January 2022. They did this by using Electrically Heat-Traced Flowline (EHTF) technology, which enabled the longest pipeline installation connecting remote fields to existing production infrastructure cost-effectively, all while reducing the overall carbon footprint linked to their extraction.
What major market segments define the scope and growth of the oil and gas pipeline and related structures construction market?
The oil and gas pipeline and related structures construction market covered in this report is segmented -
1) By Type: Crude Oil Pipeline, Natural Gas Pipeline
2) By Sector: Upstream, Midstream, Downstream
3) By Application: Onshore, Offshore
Subsegments:
1) By Crude Oil Pipeline: Onshore Crude Oil Pipeline, Offshore Crude Oil Pipeline
2) By Natural Gas Pipeline: Onshore Natural Gas Pipeline, Offshore Natural Gas Pipeline
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Which region dominates the oil and gas pipeline and related structures construction market?
North America was the largest region in the oil and gas pipeline and related structures construction market in 2024. The regions covered in the oil and gas pipeline and related structures construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Which key market leaders are driving the oil and gas pipeline and related structures construction industry growth?
Major companies operating in the oil and gas pipeline and related structures construction market include Larsen & Toubro Limited, Sunland Construction Inc., Barnard Construction Inc., Bechtel Corporation, Ledcor Group, Pumpco Inc., Shengli Oil & Gas Pipe Holdings Limited, Snelson Companies Inc., Tenaris S.A., Bonatti S.p.A., MasTec Canada Inc., Fluor Corporation, McDermott International Ltd., Kinder Morgan Inc., Pembina Pipeline Corporation, Joint Stock Company Transneft, Primoris Services Corporation, Spiecapag UK Ltd., TC Energy Corporation, TechnipFMC plc, Ray McDermott Engineering Pvt. Ltd., Saipem S.p.A., Michels Corporation, Quanta Services Inc., Strike LLC, Welded Construction L.P., Henkels & McCoy Inc., Mears Group Inc., Precision Pipeline LLC, Price Gregory International Inc., U.S. Pipeline Inc., Arnett & Burgess Pipeliners Ltd., Blackeagle Energy Services, Cenergy LLC, Cross Country Pipeline Supply Co. Inc., Global Pipeline Construction Ltd., Miller Pipeline LLC, NPL Construction Co., PCL Construction Enterprises Inc.
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What Is Covered In The Oil And Gas Pipeline And Related Structures Construction Global Market Report?
• Market Size Forecast: Examine the oil and gas pipeline and related structures construction market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the oil and gas pipeline and related structures construction market for a structured understanding.
• Key Players Overview: Analyze major players in the oil and gas pipeline and related structures construction market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the oil and gas pipeline and related structures construction market.
• Segment Contributions: Evaluate how different segments drive overall growth in the oil and gas pipeline and related structures construction market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the oil and gas pipeline and related structures construction market.
• Industry Challenges: Identify potential risks and obstacles affecting the oil and gas pipeline and related structures construction market.
• Competitive Landscape: Review strategic developments in the oil and gas pipeline and related structures construction market, including expansions, agreements, and new product launches.
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