Press release
Leading Growth Driver in the Pipeline Construction Market in 2025: The Surge In Energy Consumption Fuels Momentum In The Pipeline Construction Market Driver's Influence
Pipeline Construction
The rise in energy use is fuelling the growth of the pipeline construction market. With escalating wealth, urban expansion, and better access to electricity, the demand for energy is on an upward trajectory. Industries that produce energy utilize pipelines to convey supplies such as natural gas, propane, and gasoline. As per the Energy Institute LLC, a professional membership organization based in the UK, in 2023, this represented 56% of overall energy consumption and saw a growth rate of 2%, double the global standard, as noted in June 2024. Consequently, the escalating demand for energy is set to bolster the pipeline construction market.
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How will the growth rate of the pipeline construction market shape industry trends by 2034?
The size of the pipeline construction market has significantly increased over the past few years. It is predicted to rise from $49.97 billion in 2024 to $52.65 billion in 2025, showing a compound annual growth rate (CAGR) of 5.4%. The growth witnessed in the historical period is mainly due to the development and production of oil and gas resources, the rising requirement for safe, cost-effective, and dependable infrastructure connectivity for transporting oil and gas, alongside an escalation in investment in pipeline projects.
In the coming years, the pipeline construction market is predicted to witness robust growth, with its market size ballooning to $66.83 billion in 2029, at a compound annual growth rate (CAGR) of 6.1%. This expected growth during the forecast period can be ascribed to factors such as initiatives tackling climate change, public sentiment and resistance, geopolitical steadiness, resource discovery, and energy transition strategies. Key trends slated to shape this market during the projection period encompass technological progress, the growth of the oil and gas sector, emphasis on R&D activities, and the integration of automation and robotics.
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What trends are poised to drive the future success of the pipeline construction market?
Product enhancement is becoming a popular trend in the pipeline construction industry, as leading businesses concentrate on devising advanced solutions to solidify their footing in the market. For example, in November 2022, CYENS Centre of Excellence, an innovation and research center in Cyprus, introduced the beta format of their unique pipeline interface apparatus, DgiStreamer. This innovative software has a graphical user interface and presents an all-inclusive independent pipeline maker compatible with Deepstream and GStreamer. The software utilizes a convenient drag-and-drop function to connect varied pipeline-building components, simplifying the process of pipeline construction. The tool trumps its current alternatives with its speed, ease of use, and capability to adapt to intricate configuration types.
Which primary segments of the pipeline construction market are driving growth and industry transformations?
The pipeline construction market covered in this report is segmented -
1) By Pipe Type: Metallic, Non-Metallic
2) By Equipment: Valves, Pipeline, Metering Skids, Compressor stations
3) By Operation: Transmission, Distribution
4) By Application: Liquid Pipeline, Gas Pipeline
5) By End User: Oil and Gas, Chemical, Water and Wastewater, Energy, Other End Users
Subsegments:
1) By Metallic: Steel Pipes, Copper Pipes, Aluminum Pipes, Other Metallic Pipes
2) By Non-Metallic: PVC Pipes, HDPE Pipes, FRP Pipes, Other Non-Metallic Pipes
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Which geographical regions are pioneering growth in the pipeline construction market?
North America was the largest region in the pipeline construction market share in 2024. The regions covered in the pipeline construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the pipeline construction market landscape?
Major companies operating in the pipeline construction market 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, TMK Group, Primoris Services Corporation, Enka Insaat ve Sanayi A.S., Ledcor Group, Mott Macdonald Group Ltd., McDermott International Inc., Bonatti S.p.A., Spiecapag, CRC-Evans Pipeline International Inc., Prosaic Steel & Alloys, Gateway Pipeline LLC, Pumpco Inc., Cogbill Construction LLC, Sung IL Sim Co Ltd., Cecon Group, Barnard Construction Company Inc., Metal Forge India, CCI Leidingsystemen B.V., Yena Engineering B.V., Seonghwa Industrial Co Ltd., ChelPipe Group, Shengli Oil & Gas Pipe Holdings Limited, Sunland Construction Inc., Bechtel Corporation, Snelson Companies Inc., TC Energy Corporation
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What Is Covered In The Pipeline Construction Global Market Report?
•Market Size Forecast: Examine the pipeline construction market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the pipeline construction market for a structured understanding.
•Key Players Overview: Analyze major players in the pipeline construction market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the pipeline construction market.
•Segment Contributions: Evaluate how different segments drive overall growth in the pipeline construction market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the pipeline construction market.
•Industry Challenges: Identify potential risks and obstacles affecting the pipeline construction market.
•Competitive Landscape: Review strategic developments in the pipeline construction market, including expansions, agreements, and new product launches.
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