Oil and Gas Pipeline Market Research Report Information By Type (Crude OilAnd Natural Gas), By Application (Onshore And Offshore), By Sector (Upstream, Mid-Stream And Downstream) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2032

Global Oil and Gas Pipeline Market Overview:

Oil and Gas Pipeline Market Size was valued at USD 25.9 Billion in 2022. The oil and gas pipeline market industry is projected to grow from USD 27.3 Billion in 2023 to USD 41.9 Billion by 2032,exhibiting a compound annual growth rate (CAGR) of 5.50% during the forecast period (2023 - 2032). Increasing demand for pipelines to transport oil and gas, as well as increased use of renewable energyare the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Oil and Gas Pipeline Market Trends

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  Pipeline inspection advancements propel market Growth

  
  

Advances in pipeline inspection are driving the market CAGR for Oil and Gas Pipeline. Intelligent drone vehicles are one of the pipeline inspection advancements. They are linked to the Internet of Things (IoT) and provide a cost-effective means of visual pipeline inspection. When there are issues or constraints in network access, these drones can operate autonomously. In such cases, the drone collects the data and continues its examination of the pipeline portion inside the constrained network region. When it reaches the pipeline segment where the network is available, it re-establishes the connection and transmits the previously obtained data. Thus, advancements in pipeline inspection technology will improve the safety and security of oil and gas pipelines, increasing their acceptance over other oil and gas transport modes and, as a result, driving the growth of the oil and gas pipeline market.

Furthermore, oil and gas depletion from widely accessible onshore regions is driving oil and gas exploration and production corporations to hunt for less explored areas. Onshore oil deposits are reaching maturity or are nearing depletion. Because of their vast deposits and unexplored potential, deep-water and ultra-deep-water oil and gas wells are attracting the attention of upstream oil and gas firms. Because of growing crude oil prices, the future of deep-water and ultra-deep-water projects is likely to be bright. As a result, an increase in E&P operations will drive market growth throughout the projection period.

In addition, According to the Energy Monitor, Europe is currently building 16 gas pipelines totalling 3,200 kilometres (km) and costing EUR 6.5 billion. This includes EUR 2.1 billion for the Baltic Pipe Project, which is estimated to expand EU gas import capacity by 10 billion cubic metres per year.

Oil and Gas Pipeline Market Segment Insights:

Oil and Gas Pipeline Type Insights

The oil and gas pipeline market segmentation,based on type includescrude oil and natural gas. The natural gas segment accounts for a significant share in the market. Natural gas pipelines transmit gas from stationary facilities to various areas such as export facilities and houses. Transmission systems, gathering systems, and distribution systems are all involved in the process. Natural gas collecting systems, like crude oil gathering systems, collect raw material from producing wells and transfer it via huge transmission pipelines from facilities to refineries and ports.

For instance, In July 2022, the Indian government planned to establish a target of increasing natural gas's contribution of the energy mix from 6.3% to 15% by 2030. From 2020 to 2021, the share of natural gas in India's primary energy mix increased from 6.3% to 6.7%.

Figure1: Oil and Gas Pipeline Market, by Type, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Oil and Gas Pipeline Application Insights

The oil and gas pipeline market segmentation,based on application, includes onshore and offshore. Offshore segment has a significant market share. The major component of offshore oil and gas projects is offshore pipes. These pipelines transport oil and gas from subsea wells to the platform and from the platform to the shore for processing and shipment. The enormous offshore pipeline system transports gas or oil from one country to another.

Oil and Gas Pipeline Sector Insights

The oil and gas pipeline market segmentation, based on sector, includes upstream, mid-stream and downstream. During the projected period, the mid-stream segment is expected to command the worldwide oil and gas pipeline market. This is owing to the extensive usage of pipelines for raw material transportation. Furthermore, midstream operations sometimes include aspects from both the midstream and upstream segments. This is especially true for transportation and storage, which raises the overall proportion of the worldwide oil and gas pipeline market.

Oil and Gas Pipeline Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North America is expected to have the largest market share due to the presence of nations such as the United States, which has the highest output of natural gas and shale gas when compared to other countries worldwide. Furthermore, this region has highly integrated distribution and transmission infrastructure to transmit natural gas from any state throughout the region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure2: Oil And Gas Pipeline Market Share By Region 2022 (Usd Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe’s oil and gas pipeline market accounts for the second-largest market share due to planning and constructing new pipelines in onshore as well as offshore applications to increase transport of natural gas. Further, the German oil and gas pipeline marketheld the largest market share, and the UK oil and gas pipeline market was the fastest-growing market in the European region

The Asia-Pacific Oil and Gas Pipeline Market are expected to grow at the fastest CAGR from 2023 to 2032. This is due to the natural gas import and export activities, increasing spending capability of consumers on pipeline network, and rapidly modifying gas pipeline infrastructure. Moreover, China’s oil and gas pipeline market held the largest market share, and the Indian oil and gas pipeline market was the fastest-growing market in the Asia-Pacific region.

Oil and Gas Pipeline Key Market Players & Competitive Insights

Leading market players are investing heavily in R&D to expand their product lines, which will help the oil and gas pipeline market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, oil and gas pipelineindustry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the oil and gas pipeline industry to benefit clients and increase the market sector. In recent years, the oil and gas pipelineindustry has offered some of the most significant advantages to medicine. Major players in the oil and gas pipeline market, including Maharashtra Seamless Ltd, General Electric. SaipemSip.A, Subsea 7 S.A. TechnipFMC, EVRAZ North America, Welspun Corp Ltd., Chelpipe, Europipe, Eni S p.A, and Royal Dutch Shell p.I.cand others, are attempting to increase market demand by investing in R&D operations.

The Oil and Natural Gas Corporation Limited (ONGC) is an Indian central public sector company owned by the Government of India's Ministry of Petroleum and Natural Gas. Its headquarters are in Dehradun. The Government of India established ONGC on August 14, 1956. It is the country's largest government-owned oil and gas explorer and producer, accounting for around 70% of India's domestic crude oil output and approximately 84 percent of natural gas production. The Maharatna designation was awarded on ONGC by the Government of India. In January 2022, L&T Hydrocarbon Engineering Limited was granted a contract by ONGC for the seventh development phase of their Pipeline Replacement Projects. The deal with EPCIC calls for the engineering, procurement, construction, installation, and commissioning of approximately 350 kilometres of subsea pipelines and offshore work across ONGC's west coast offshore fields.

CNOOC Group, or China National Offshore Oil Corporation, is one of China's largest national oil corporations, and the third-largest national oil company in China, behind CNPC (parent of PetroChina) and China Petrochemical Corporation (parent of Sinopec). The CNOOC Group, along with its subsidiary COOEC, concentrates on the extraction, development and exploration of crude oil and natural gas in offshore China. The corporation is owned by the People's Republic of China, and the State Council's State-Owned Assets Supervision and Administration Commision (SASAC) assumes shareholder rights and obligations on the government's behalf. In February 2022, China National Offshore Oil Company and TotalEnergies reached a definitive investment decision with Uganda and Tanzania to launch more than USD 10 billion in investments to export crude oil from Uganda. The project includes a USD 5 billion oil pipeline that will transport crude from landlocked Uganda to international markets via a port on Tanzania's Indian Ocean coast.

Key Companies in the oil and gas pipeline market include

• Gazprom


• China National Petroleum Corporation


• Chevron Corporation


• Conoco Phillips


• Tenaris S.A.


• TMK


• National Oilwell Varco


• Maharashtra Seamless Ltd


• General Electric. SaipemSip.A, Subsea 7 S.A.


• TechnipFMC


• EVRAZ North America


• Welspun Corp Ltd.


• Chelpipe


• Europipe


• Eni S p.A


• Royal Dutch Shell p.I.c

Oil and Gas PipelineIndustry Developments

In June 2022: GAIL (India) Ltd granted Kalpataru Power Transmission Limited (KPTL) the contract for the laying and building of a steel gas pipeline and terminals, as well as ancillary facilities, for Section II of the Mumbai-Nagpur Pipeline Project (Part A).

In December 2022: Argentina has received USD 689 million in financing from Brazil's national development bank BNDES for the second stage of a natural gas pipeline in the VacaMuerta shale region.

In July 2019: The Torrent Group announced plans to invest Rs. 3,000 crores in laying a gas pipeline network in Uttar Pradesh, India. The network will be built for commercial, industrial, and residential users.

Oil and Gas Pipeline Market Segmentation

Oil and Gas Pipeline Market By Type Outlook

• Crude Oil


• Natural gas

Oil and Gas Pipeline Market By Application Outlook

• Onshore


• Offshore

Oil and Gas Pipeline Market By Sector Outlook

• Upstream


• Mid-Stream


• Downstream

Oil and Gas Pipeline Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America