According to the report by Expert Market Research (EMR), the global onshore oil and gas pipeline market is projected to grow at a CAGR of 5.4% between 2024 and 2032. Aided by the increasing energy demands and advancements in pipeline technologies, the market is expected to grow significantly by 2032.
Onshore oil and gas pipelines are pivotal components in the energy sector, providing efficient transportation of crude oil and natural gas from extraction sites to refineries, storage facilities, and distribution centres. These pipelines are essential for the global energy supply chain, ensuring the steady flow of oil and gas to meet growing global demands.
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The market’s growth is primarily driven by the increasing global energy consumption, with a significant rise in demand for oil and gas in developing countries. This demand necessitates the expansion and modernisation of existing pipeline infrastructure, as well as the construction of new pipelines, to ensure efficient and reliable transportation of hydrocarbons.
Another contributing factor to the onshore oil and gas pipeline market growth is the advancements in pipeline technology. Innovations in pipeline materials, coating technologies, and monitoring systems have enhanced the safety, efficiency, and environmental sustainability of pipeline operations. These advancements are crucial in minimising leaks and spills, reducing operational costs, and complying with stringent environmental regulations.
The market is also benefiting from the strategic alliances and collaborations between governments and energy companies to develop and expand pipeline networks. These partnerships are vital in addressing the infrastructural challenges in oil and gas transportation, especially in regions with untapped reserves and growing energy needs.
The onshore oil and gas pipeline market outlook is further influenced by geopolitical factors and fluctuations in global oil and gas prices. Political instability in key oil-producing regions can affect pipeline operations and investment decisions, while price volatility can impact the profitability and feasibility of pipeline projects.
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The global market for onshore oil and gas pipeline is set to witness significant growth in the coming years, driven by the rising global energy demands, technological advancements, and strategic collaborations in the sector. According to the onshore oil and gas pipeline market analysis, the market faces challenges related to environmental concerns and regulatory compliance. The ongoing efforts to improve pipeline safety and efficiency are expected to contribute positively to the market’s expansion and sustainability.
Onshore Oil and Gas Pipeline Market Segmentation
The market can be divided based on type, product, application, and region.
Market Breakup by Type
- Electric Resistance Welded (ERW) Pipes
- Spiral Submerged Arc Welded (SSAW) Pipes
- Longitudinally Submerged Arc Welded (LSAW) Pipes
- Others
Market Breakup by Product
- Crude Oil
- Natural Gas and NGL
- Refined Products
Market Breakup by Application
- Crude Oil Transmission
- Natural Gas Transmission
- Refined Products Transmission
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global onshore oil and gas pipeline market. Some of the major players explored in the report by Expert Market Research are as follows:
- Arcelor Mittal S.A.
- Tenaris S.A.
- CPW America Co.
- Essar Group
- TMK Group
- Others
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