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Global Oil And Gas Pipeline And Related Structures Construction Market Analysis 2025-2030: Growth Drivers, Challenges, And Opportunities
Oil And Gas Pipeline And Related Structures Construction
What Is the Projected Growth of the Oil And Gas Pipeline And Related Structures Construction Market?
There has been a consistent growth in the market size of oil and gas pipeline and related structure constructions in the past few years. It's projected to rise from $261.66 billion in 2024 to an estimated $270.43 billion in 2025, experiencing a compound annual growth rate (CAGR) of 3.4%. The escalation during the historical period can be linked to increasing demand for energy, development of infrastructure projects, extensive oil and gas exploration, economic expansion and industrialization, along with government directives and policies.
Expectations are set for the size of the oil and gas pipeline and related structures construction market to consistently expand over the next few years. It's projected to reach $313.75 billion in 2029, reflecting a 3.8% compound annual growth rate (CAGR). This growth during the forecast period can be traced back to various factors including sustained energy demand growth, integration of renewable energy, modernization and replacement projects, geopolitical influences, and efforts towards diversifying energy sources. The forecasted period is set to witness key trends such as geopolitical stability and uncertainties, resilient strategies for supply chain management, heightened emphasis on safety within construction practices, pledged investments in LNG infrastructure, and a shift towards digital project management and execution.
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What Are the Emerging Segments Within 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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What Long-Term Drivers Are Shaping Oil And Gas Pipeline And Related Structures Construction Market Trends?
The upward trend in natural gas demand is anticipated to fuel the expansion of the oil and gas pipeline and related structures construction market. Natural gas consists primarily of methane, but it also includes minute quantities of ethane, propane, butane, and pentane. The growth in natural gas usage heightens the necessity for gas transmission pipelines, which safely transfer and supply the produced natural gas. For example, according to the Energy Information Administration (EIA), a United States-based governmental administrative, statistical, and analytical agency, US natural gas consumption hit 88.5 Bcf/d (billion cubic feet per day) in 2022, marking a 5.4% increase from 84.0 Bcf/d in 2021. Total natural gas imports also rose, reaching 8.3 Bcf/d in 2022, up from 7.7 Bcf/d in 2021. Consequently, the escalating demand for natural gas is propelling the progress of the oil and gas pipeline and related structures construction market.
Who Are the Top Competitors in Key Oil And Gas Pipeline And Related Structures Construction Market Segments?
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.
What Oil And Gas Pipeline And Related Structures Construction Market Trends Are Gaining Traction Across Different Segments?
Key trends gaining traction in the oil and gas pipeline and related structures construction market include technology innovation and advancement. In order to maintain their standing in the market, businesses operating in this sector are adopting cutting-edge technologies. For example, PGNiG, an oil and gas firm based in Poland, installed a technologically advanced gas pipeline on the Norwegian Continental Shelf using electrically heat-traced flowline (EHTF) technology in January 2022. Not only is this the longest pipeline installation linking remote fields to existing production infrastructure affordably, it also minimizes the overall carbon footprint related to their exploitation.
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Which Regions Are Becoming Hubs for Oil And Gas Pipeline And Related Structures Construction Market Innovation?
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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Oil And Gas Pipeline And Related Structures Construction Market?
2. What is the CAGR expected in the Oil And Gas Pipeline And Related Structures Construction Market?
3. What Are the Key Innovations Transforming the Oil And Gas Pipeline And Related Structures Construction Industry?
4. Which Region Is Leading the Oil And Gas Pipeline And Related Structures Construction Market?
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