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Global Oil Pipeline Infrastructure Markets 2017-2019 & 2020-2026 by Diameter, Product, Operation, Application & Region - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Oil Pipeline Infrastructure Market - By Diameter, By Application, and By Region - Global Industry Perspective, Comprehensive Analysis, And Forecast, 2020 - 2026" report has been added to ResearchAndMarkets.com's offering.


The global Oil Pipeline Infrastructure market is slated to accrue revenue worth nearly $142 Billion by 2026 and record the CAGR of nearly over 2.9% over the period from 2020 to 2026.

The report offers assessment and analysis of the Oil Pipeline Infrastructure market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).

Introduction

Oil pipeline infrastructure help in transportation of crude oil and refined oil products in a safe way to the destined location along with retention of flow conditions & standard pressure.

Market Growth Drivers

Massive demand for fuel energy with rise in the number of vehicles on the roads along will drive the market trends. Globalization has contributed substantially towards the global trade and this has resulted in escalating demand for robust infrastructure facility, thereby prompting the business growth. Apparently, key economies of the Middle East region including Saudi Arabia and Iran are investing huge funds for developing strong oil pipeline infrastructure through collaboration with the countries like India for exporting oil and this is going to create huge growth opportunities for the market over the forthcoming years.

Furthermore, growing need for crude oil transport and requirement of long term supply of oil at distant locations will accentuate the growth of the market within the next few years. Apart from this, renovation & refurbishment of aging or outdated oil & gas infrastructure will embellish the market trends. Nonetheless, strict laws governing ecological safety will hinder the market growth over the forthcoming years.

North America To Account For Major Chunk of Market Size Over 2020-2026

The growth of the market in the sub-continent over the estimated timespan is due to adding of new features to the current oil pipeline units for improving the oil flow and speed of the flow. Apart from this, need for enhancing the operations will further drive the regional market growth. In addition to this, a large number of airports in North America depend on incessant jet fuel supply from pipelines, thereby resulting in huge product penetration in the region and this lucratively impacts the business growth.

Key players leveraging the market growth include

  • Kinder Morgan
  • Welspun Corporation
  • PetroChina
  • National Oil Varco
  • CRC Evans
  • CNPC
  • Chelpipe
  • Petrobras
  • TransCanada
  • Europipe
  • Jindal Group
  • Enbridge
  • Bechtel
  • Pembina

The global oil pipeline infrastructure market report categorizes the global market on the basis of:

Diameter:

  • 24 inches or higher
  • 8-24 inches
  • 8 inches or lesser

Product:

  • Petroleum product
  • Crude oil

Operation:

  • Gathering
  • Transmission

Application:

  • Offshore
  • Onshore

By Region

  • North America
  • The U.S.
  • Canada
  • Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
  • Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

For more information about this report visit https://www.researchandmarkets.com/r/p6u6yg


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