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Wednesday, April 27, 2022

Global Onshore Oil And Gas Pipeline Market To Be Driven By The Rising Demand For Natural Gas In The Forecast Period Of 2022-2027

The new report by Expert Market Research titled, ‘Global Onshore Oil and Gas Pipeline Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global onshore oil and gas pipeline market, assessing the market based on its segments like types, products, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

  • Forecast CAGR (2022-2027): 4%

The market for onshore oil and gas pipelines is being led by the rising demand for energy in the Asia Pacific region. China and India are some of the biggest consumers of oil and gas in the world. The surging demand for fossil fuels in power generation in various emerging economies is also increasing the demand for onshore oil and gas pipelines, hence driving the market growth. In addition, favourable government policies and incentives to develop and expand pipeline infrastructure in various countries, such as India, China, and Indonesia, are propelling the market growth in the region, contributing significantly to the overall industry growth.

Industry Definition and Major Segments

Onshore oil and gas pipelines provide economic, safe, and reliable transportation of various oil and gas. The pipelines are made from plastics or steel and aid in the transportation of oil and gas from their production unit to a storage facility or a bigger pipeline.

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The market can be broadly categorised on the basis of its type into:

  • Electric Resistance Welded (ERW) Pipes
  • Spiral Submerged Arc Welded (SSAW) Pipes
  • Longitudinally Submerged Arc Welded (LSAW) Pipes
  • Others

By products, the market is segmented into:

  • Crude Oil
  • Natural Gas and NGL
  • Refined Products

Based on application, the market is divided into:

  • Crude Oil Transmission
  • Natural Gas Transmission
  • Refined Products Transmission

The regional markets of onshore oil and gas pipelines are:

  • North America
  • Asia Pacific
  • Europe
  • Middle East and Africa
  • Latin America

Market Trends

The onshore oil and gas pipeline industry is expected to be driven by the rising demand for natural gas. In addition to being a source of clean energy, natural gas is also cost-effective, hence it is increasingly used to meet global energy demand which is expected to propel the market growth. The globalisation of the oil and gas industry is escalating the demand for transportation and interconnectivity through pipelines, therefore providing further impetus to the market growth. Rapid technological advancements and innovations which can develop advanced pipelines are anticipated to augment the industry growth. Additionally, the discovery of new oil and gas reserves is increasing the demand for transportation through onshore pipelines, further invigorating the market growth.

Key Market Players

The major players in the market are Arcelor Mittal S.A., Tenaris S.A., CPW America Co., Essar Group, and TMK Group, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company’s expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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