Overview and Scope
Oil and gas pipeline and related structures construction refer to the building
of oil and gas pipelines, mains, refineries, and storage facilities businesses.
It mainly consists of new development, renovation, repair, and rehabilitation
of oil and gas pipelines.
Sizing and Forecast
The oil and gas pipeline and related structures construction market size has
grown steadily in recent years. It will grow from $245.94 billion in 2023 to
$253.51 billion in 2024 at a compound annual growth rate (CAGR) of 3.1%. The
growth in the historic period can be attributed to growing energy
demand, infrastructure development projects, expanding oil and gas exploration,
economic growth and industrialization, government initiatives and policies..
The oil and gas pipeline and related structures construction market size is
expected to see steady growth in the next few years. It will grow to $290.51
billion in 2028 at a compound annual growth rate (CAGR) of 3.5%. The growth in the forecast period can be attributed
to continued energy demand growth, renewable energy integration, modernization
and replacement projects, geopolitical factors, focus on diversification of
energy sources.. Major trends in the forecast period include geopolitical
stability and risks, resilient supply chain management, emphasis on safety in
construction practices, investment in lng infrastructure, digital
transformation in project management and execution..
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Segmentation & Regional Insights
The oil and gas pipeline and related structures construction market covered in
this report is segmented –
1) By Type: Crude Oil Pipeline, Natural Gas Pipeline
2) By Sector: Upstream, Midstream, Downstream
3) By Application: Onshore, Offshore
North America was the largest region in the oil and gas pipeline and related
structures construction market in 2023. The regions covered in the oil and gas
pipeline and related structures construction market report are Asia-Pacific,
Western Europe, Eastern Europe, North America, South America, Middle East,
Africa
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Major Driver Impacting Market Growth
Increasing demand for natural gas is expected to propel the growth of the oil
and gas pipeline and related structures construction market going forward.
Natural gas refers to the energy source, that is entirely made up of the gas
methane however it also contains trace amounts of ethane, propane, butane, and
pentane. The increasing natural gas increases the demand for gas transmission
pipelines, which transport and deliver natural gas generated safely. For
instance, in February 2023, the Energy Information Administration (EIA), a
US-based, government administration, statistical and analytical agency, the US
natural gas consumption reached 88.5 Bcf/d (billion cubic feet per day) in
2022, a 5.4% high, compared to 84.0 Bcf/d in 2021, however, the total imports
of natural gas reached 8.3 Bcf/d in 2022, from 7.7 Bcf/d in 2021. Therefore,
the increasing demand for natural gas is driving the growth of the oil and gas
pipeline and related structures construction market.
Key Industry Players
Major companies operating in the oil and gas pipeline and related structures
construction market are focused on innovating solutions such as
electro-hydraulic actuators to revolutionize pipeline operations. An
Electro-Hydraulic Actuator is a device that converts electrical energy into
mechanical motion through the use of hydraulic pressure. For instance, in
August 2023, Automation Technology, Inc., a US-based provider of customized and
comprehensive valve automation solutions, launched a Zero Emission
Electro-Hydraulic actuator solution, aiming to eliminate the carbon footprint
associated with pipeline operations. This innovative package offers a
comprehensive solution to reduce emissions without relying on pipeline gas as
the actuator's primary power source, unlike traditional methods that emit gas
into the atmosphere. The self-contained Zero Emission Electro-Hydraulic
solution, available in spring-return or double-acting configurations, can be
directly mounted to the valve, contributing to zero methane and VOC emissions
for emergency shutdown valves.
The oil and gas pipeline and related structures construction market report
table of contents includes:
1. Executive Summary
2. Oil And
Gas Pipeline And Related Structures Construction Market Characteristics
3. Oil And
Gas Pipeline And Related Structures Construction Market Trends And Strategies
4. Oil And
Gas Pipeline And Related Structures Construction Market - Macro Economic
Scenario
5. Global
Oil And Gas Pipeline And Related Structures Construction Market Size and Growth
.
31. Global
Oil And Gas Pipeline And Related Structures Construction Market Competitive
Benchmarking
32. Global
Oil And Gas Pipeline And Related Structures Construction Market Competitive
Dashboard
33. Key
Mergers And Acquisitions In The Oil And Gas Pipeline And Related Structures
Construction Market
34. Oil And
Gas Pipeline And Related Structures Construction Market Future Outlook and
Potential Analysis
35.
Appendix
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