Press release
Pipeline Construction Market Size & Growth Insights: Emerging Trends and Future Projections 2025-2034
Pipeline Construction Market Size
What Is the Pipeline Construction Market Size and Projected Growth Rate?
In recent times, the pipeline construction market has seen a significant increase in size. The market, which is set to escalate from $49.97 billion in 2024 to $52.65 billion in 2025, suggests a compound annual growth rate (CAGR) of 5.4%. This rise during the historic period is due to factors such as the growth in oil and gas resource production and development, skyrocketing demand for secure, cost-effective, and reliable infrastructure connectivity for oil and gas transportation, along with increased investment in pipeline projects.
In the upcoming years, the pipeline construction industry is projected to witness robust expansion. The market value is anticipated to rise to $66.83 billion by 2029, advancing at a Compound Annual Growth Rate (CAGR) of 6.1%. Factors contributing to this upward trend during the forecast period include climate change initiatives, public sentiment and resistance, geopolitical stability, resource investigation, and policies surrounding energy transition. Key trends for this projected period comprise of technological progress, the growth of oil and gas sector, emphasis on R&D, and adoption of automation and robotics.
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What Are the Major Segments in the Pipeline Construction Market?
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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What Are The Driving Pipeline Construction Market Evolution?
The increase in energy usage is fueling the pipeline construction market. The climbing need for energy is a result of growing prosperity, urbanization, and better electricity access. Industries that produce energy use pipelines for transporting supplies like natural gas, propane, and gasoline. For example, as per the Energy Institute LLC, which is a chartered professional membership body based in the UK, in 2023, energy transportation through pipelines constituted 56% of the total energy consumption. This was recorded in June 2024. This growth rate was twice the global average of 2%. Consequently, the escalation in energy usage is likely to boost the pipeline construction market.
Which Firms Dominate The Pipeline Construction Market Segments?
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
What Trends Are Driving Growth in The Pipeline Construction Market?
The pipeline construction market has seen an increase in product innovations, a trend that is becoming widely popular. Large-scale enterprises in the market are making strides in introducing new solutions to bolster their market presence. For example, the CYENS Centre of Excellence, a pioneer in research and innovation based in Cyprus, unveiled the beta prototype of its revolutionary imaging/video pipeline-interface application named DgiStreamer, in November 2022. This avant-garde GUI (graphical user interface) software is a comprehensive standalone pipeline builder that is compatible with GStreamer and Deepstream. This app employs a simple drag-and-drop process to link different pipeline-building elements, thereby simplifying pipeline construction tasks. The tool outperforms existing alternatives in terms of speed and user-friendliness, and it can adapt to complex configuration types.
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Which Is The Largest Region 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Pipeline Construction Market?
2. What is the CAGR expected in the Pipeline Construction Market?
3. What Are the Key Innovations Transforming the Pipeline Construction Industry?
4. Which Region Is Leading the Pipeline Construction Market?
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