Oil and Gas Pipeline Market Analysis

Application (Onshore, Offshore)

Offshore oil and gas pipeline segment is projected to account for oil and gas pipeline market share of more than 75.4% by the end of 2037. The majority of oil and gas reserves around the globe are located in offshore areas such as in the Gulf of Mexico and offshore Brazil, which offers high-profit opportunities for offshore oil and gas pipeline companies. According to the Bureau of Ocen Energy Management, the Gulf of Mexico generates around 97% of all the U.S. OCS oil and gas production.

Also, the onshore reserves when mature become more difficult to exploit, thus offshore exploration is being adopted to meet the future energy demand. Advanced offshore oil and gas pipelines are the most cost-effective way to transport resources from fields to processing facilities. Once installed, the offshore pipelines offer lower operational costs and effectively transport large volumes of oil and gas over long distances. The low maintenance costs make these pipelines more economical for large-scale projects.

Oil Type (Crude Oil Pipeline, Natural Oil Pipeline)

The natural oil pipeline segment is foreseen to hold a dominating oil and gas pipeline market share through 2037. Oil is one of the vital components of the global energy mix, and exhibiting high demand in sectors such as petrochemicals, transportation, and aviation. For instance, as per the analysis by the International Energy Forum, natural oil and gas is estimated to contribute around 47% to 54% of the energy mix by 2040. The high global oil demand is majorly contributing to the natural oil pipeline sales growth. Pipelines are a cost-effective way to meet the transportation of increasing oil demand. The rising investments in the new natural oilfields and upgrades in the existing infrastructure are augmenting the demand for advanced pipelines for effective and safe transportation.

Our in-depth analysis of the global oil and gas pipeline market includes the following segments: