Press release
Key Trends Influencing the Growth of the Pipeline Construction Market in 2025: Revolutionizing Pipeline Construction With Innovative Imaging Interface
Pipeline Construction Market
What Is the Expected CAGR for the Pipeline Construction Market Through 2025?
The pipeline construction industry has seen significant growth over the past few years. The market, which was valued at $49.97 billion in 2024, is projected to increase to $52.65 billion in 2025, representing a compound annual growth rate (CAGR) of 5.4%. Factors contributing to the growth during the historical period include the exploration and production of oil and gas resources, the rising need for secure, cost-effective, and dependable infrastructure for transporting these resources, and increased funding in pipeline projects.
What's the Projected Size of the Global Pipeline Construction Market by 2029?
The size of the pipeline construction market is predicted to see a significant increase in the upcoming years, reaching a value of $66.83 billion by 2029 with a compound annual growth rate (CAGR) of 6.1%. The anticipated growth during the forecast period could be due to various factors such as changes related to the climate, public opinion and resistance, geopolitical constancy, exploration of resources, along with energy transition policies. Additionally, major trends during this predicted period include advancements in technology, growth of the oil and gas sector, emphasis on R&D, as well as enhancement in automation and robotics.
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Top Growth Drivers in the Pipeline Construction Industry: What's Accelerating the Market?
The escalation in energy usage is fueling the pipeline construction market. There is an uptick in energy requirements due to increasing wealth, urbanization, and better electricity accessibility. Industries that produce energy rely on pipelines for the transportation of energy resources such as natural gas, propane, and gasoline. For example, according to the UK's Energy Institute LLC, energy provided by these sources constituted 56% of the overall energy consumption in 2023, as of June 2024. This represented twice the global average growth rate of 2%. Consequently, the upswing in energy usage is set to boost the pipeline construction market.
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What Trends Will Shape the Pipeline Construction Market Through 2029 and Beyond?
In the pipeline construction market, product innovation is emerging as a significant trend. Several major companies engaged in this sector are focusing on creating unique solutions to consolidate their market presence. For instance, in November 2022, CYENS Centre of Excellence, a research and innovation center based in Cyprus, introduced the beta version of an innovative imaging/video pipeline-interface tool called DgiStreamer. This groundbreaking GUI (graphical user interface) software is a comprehensive standalone pipeline builder that is compatible with GStreamer and Deepstream. The software simplifies pipeline construction tasks by offering a straightforward drag-and-drop method for bringing together diverse pipeline-building elements. This tool is not only faster and more user-friendly than presently available alternatives, but it also supports complex configuration types.
What Are the Main 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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Which Top Companies are Driving Growth in the Pipeline Construction Market?
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 İnşaat ve Sanayi A.Ş., 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
Which Regions Will Dominate the Pipeline Construction Market Through 2029?
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.
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