Oil Pipeline Infrastructure Market (By Product: Petroleum Product, Crude Oil; By Application: Offshore, Onshore; By Operation: Gathering, Transmission; By Diameter: > 24 Inch, ? 8 Inch, >8-24 Inch) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Category : Energy and Power | Delivery Format : PDF | Status: Published | Pages : 190


The global oil pipeline infrastructure market is expected to reach cumulative installation around 1 million Km by 2026 with noteworthy CAGR throughout the forecast period 2019 to 2026.

The infrastructure for the oil pipeline helps to transport gas via the pipeline system to a consumer destination. It is the cheapest to transport the oil by land to the distant destination. It is used in large numbers both onshore and offshore.

The report provides analysis of global Oil Pipeline Infrastructure market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.

Market Dynamics

The global market size is driven by a flourishing energy demand in rapidly growing economies. Globalization has accelerated international trade and the demand for reliable infrastructure has increased. Major oil-rich economies, including Saudi Arabia, Iran and Iraq are heavily investing in infrastructural expansion in order to support exports and provide reliable flows for centers of demand. Further development of a dedicated pipeline system will be encouraged in order to facilitate transport of crude oil and refined products under a long-term supply contract. In order to facilitate streamlined and economic transport, the continued replacement of the aging infrastructure for oil and gas will drive the global market. However, strict regulatory policies, together with rising environmental safety concerns, will affect the growth of the industry. According to the Greenpeace report, crude oil was spilled by the Energy Transfer partner from 2002 to 2017 by more than 3.6 million gallons.

Due to global discoveries and the development of pipeline infrastructure, the oil pipeline industry has grown enormously during the past decade. Oil demand is expected to increase by 1,2 million barrels per day (mbd) per year until 2023, with an estimated oil demand of 104.7 mbd, up by 6.9 Mbd as of 2017, according to the International Energy Agency (IEA). The number of installation projects has increased to meet this surge in demand. Almost 3,802 km of pipelines are under construction worldwide and are planned in 2017. Today, oil is the main electricity fuels in most countries in the world. The global shift to renewable energy sources poses therefore a massive threat to the demand for oil and gas which, in the next years, is expected to pose a major challenge to the growth of the pipelines and gas plant.

Product Outlook

In view of the growing demand for dedicated networks to provide point of contact and access to resources, the crude pipeline infrastructure market will increase. The development of new pipeline projects will begin with the growth of investment in E&P activities in combination with booming production from shale play. The key advantages, including low operating costs, safe and efficient transport, will encourage pipelines to be used over other transport means.

The pipeline infrastructure market will be fostered by upcoming refineries across Asia and modernizations of existing units across Europe and North America. The refined pipelines deliver crude oil condensates from raffineries to different companies and consumers that rely on feedstock to operate. The industry outlook will be enhanced by increasing demand from industry and various business facilities. Most airports across North America depend on the supply of jet fuel directly to airports from pipels with dedicated networks.

Application Outlook

Increased discoveries of subsea reserves for hydrocarbons combined with oil prices will fuel the market growth of offshore pipelines. The Exxon Mobil and Repsol joint venture for research into sub-sea production across the Caribbean Sea began in April 2019.

In 2018, the infrastructure of the onshore oil pipeline was estimated at US$ 75.2 billion. The rapid expansion of the trade sector and increased demand throughout industries will increase demand for the products. The development of infrastructure will be driven by better trade relations and rapid globalization.

The petroleum infrastructure market will be driven by the need to boost the trade between States and intrastate. The industry growth will be affected by strict industry standards and codes on product quality and raw materials. The trunk lines facilitate the transport of raw material between domestic and international borders over long distances.

By 2026, the market for pipelines infrastructure will grow by collecting lines by over 3.1 %. The network carries the oil from wells to a central collection to store or treat temporarily. The development and expansion of the network, together with other pipeline assets, will be stepped up with increasing infrastructural investments with significant government funds.

Diameter Stance

The demand for more than 8 to 24-inch oil pipeline infrastructure has been fuelled by fast progress in E&P technology along with digital software and equipment integrated. Funds for upgrading and expanding the existing network are allocated in the respective governments. As a trunk line for long-distance transmission, the range of pipelines are widely used.

Due to increasing installation of green field transmission pipelines > 24-inch pipelines are expected to gain momentum. The industry will be further enhanced by ongoing discoveries and increased production from existing oil-fields. Moreover, large-diameter pipes are installed across offshore installations and major pipeline projects.

Regional Stance

The growth of the North American market is booming due to rapid discoveries of new oil fields along with technological progress. New fields throughout Texas and the North East are expected to start operating until 2019, boosting production of oil and gas. Investments in the upgrade and addition of green field infrastructure are being made substantial by the government to market resources.

The Asia Pacific oil pipeline infrastructure market will be fueled mainly by increasing energy demand across India and China. By 2022, the region is expected to contribute to the maximum number of additional pipelines. The industry outlook is positively improved by increasing investment by foreign players following NELP. The need for additional infrastructure is being created by increasing reliance on imports and the need to diversify from single supplier.

Market Segmentation

Global Oil Pipeline Infrastructure Market, By Product

  • Petroleum Product
  • Crude Oil

Global Oil Pipeline Infrastructure Market, By Application

  • Offshore
  • Onshore

Global Oil Pipeline Infrastructure Market, By Operation

  • Gathering
  • Transmission

Global Oil Pipeline Infrastructure Market, By Diameter

  • > 24 Inch
  • ≤ 8 Inch
  • >8-24 Inch

Global Oil Pipeline Infrastructure Market, By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa (MEA)

The market research study on “Oil Pipeline Infrastructure Market - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers detailed insights on global Oil Pipeline Infrastructure market segments with market dynamics and their impact. The report also covers basic technology development policies.

The report provides an analysis of the latest industry trends from 2015 to 2026 in all sub-segment segments and forecasts revenue and volume growth on the global, the regional and country levels. ARC has divided the global market report of medical oxygen concentrations on product, application, technology and region for this study.

Key Players & Strategies

Enbridge, TransCanada, Chelpipe, Kinder Morgan, CNPC, Petrobras, Welspun Corporation, Petrochina, Bechtel, Jindal, National Oil Varco, CRC Evans and Europipe are major players in the market. Evans and Europipe are the major operators.
The strategic initiatives chosen by the industry manufacturers to gain a greater market share are the low-cost manufacturing and R&D investment. In addition, mergers & acquisitions in conjunction with leading technology partners will further support the expansion of business.

Petroleum pipelines facilitate the safe movement and maintenance of standard pressure and flow conditions of crude and refined products into demand centres. The transmission infrastructure contains a broad network of pipelines, including large diameter transmission or trunk lines and smaller pipelines, of various sizes and functions. The interstate or intrastate pipeline handles make long journeys easy, while the collecting lines facilitate transport between the well head and the central collection point for processing and storage.

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