Global Oil Pipeline Infrastructure Market: Overview
Oil pipeline infrastructure assists in the transport of crude as well as refined oil products safely towards the destination while retaining the flow conditions and standard pressure.
Global Oil Pipeline Infrastructure Market: Growth Factors
Experts are of the view that natural gas is one of the biggest energy sources across the globe and contributes majorly towards the global energy mix. With the introduction of new players in the oil & gas industry, the number of monopolies has decreased drastically. This has transformed the regional business into a global one with many players operating in the oil & gas sector. All these factors are projected to carve out a profitable roadmap for the oil pipeline infrastructure market over the years to come.
Moreover, replacing old & outdated oil & gas infrastructure facilitates cost-effective transport of oil & gas, thereby steering the growth of the oil pipeline infrastructure industry. However, environmental safety and energy have become a grappling issue today. The rise in the competition, oscillating oil costs, strict regulations for controlling environmental pollution, and strict government resolutions & legislation are likely to hinder the growth of the oil & gas sector. This, in turn, will negatively impact the oil pipeline infrastructure market over the years ahead. Nevertheless, market players are focusing on devising new procedures to control environmental pollution and accepting new models of business to rise over the perils of the industry. This can help in nullifying the negative impact of the hindrances on business growth. Apart from this, new business strategies can help the firms to outwit the completion and prosper in the years to come.
Global Oil Pipeline Infrastructure Market: Segmentation
The oil pipeline infrastructure market can be segmented into operation, product type, application, and diameter. Based on the operation, the market is divided into gathering and transmission. Product type wise, the oil pipeline infrastructure industry is classified into petroleum product and crude oil. Application wise, the market is sectored into offshore and onshore applications. On the basis of diameter, the oil pipeline infrastructure market is segregated into less than or equal to eight inches, greater than eight and lesser than twenty-four inches, and greater than twenty-four inches.
Global Oil Pipeline Infrastructure Market: Regional Analysis
Based on the region, the oil pipeline infrastructure market can be divided into five main regions: Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. Power crises and scarcity, as well as a rising population, have resulted in the unabated need for energy in countries such as China and India. This will result in bolstering the expansion of oil pipeline infrastructure market in the Asia Pacific zone. Additionally, a rise in foreign investments in the Asia Pacific will expand the regional market growth.
Moreover, exploration of new oil basins coupled with technological breakthroughs to curb the environmental pollution will result in huge growth for the North American market. The U.S. government is allocating massive funds for up gradation of oil field infrastructure along with developing greenfield infrastructure. This is one of the key factors that will contribute towards the regional market growth. Large scale modernization of the drilling technologies and rise in the rigs number as a result of offshore investments in the nations such as the U.S. will prompt the industry surge.
The Middle East & African oil pipeline infrastructure market growth is influenced by geopolitics as well as perfect competition witnessed among the business players.
Global Oil Pipeline Infrastructure Market: Competitive Players
Few of the main participants in oil pipeline infrastructure market are Petrobras, Enbridge, Welspun Corporation, CNPC, TransCanada, Pembina, Jindal Group, CRC Evans, Jindal Group, Europipe, Kinder Morgan, National Oil Varco, Chelpipe, and PetroChina.
Global Oil Pipeline Infrastructure Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- The UK
- France
- Germany
- The Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
What Reports Provides
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the market.
