Rising Demand for Energy to Boost the Onshore Oil and Gas Pipeline Market | Technavio

November 16, 2017

LONDON–(BUSINESS WIRE)–#OilandGasPipeline–The global
onshore oil and gas pipeline market is expected to grow at a
CAGR of close to 7% during the forecast period, according to Technavio’s
latest market research.

In this market research report, Technavio
covers the market outlook and growth prospects of the global onshore
oil and gas pipeline market for 2017-2021. The market is further
categorized into two application segments comprising of gas pipelines
and oil pipelines. The gas pipelines segment dominated the market with
close to 56% of the overall market share in 2016.

“Transporting oil through rail, road, or ships is expensive and
requires frequent trips. However, with pipelines, the transportation of
oil and gas can run continuously and can be ramped up or shut down at
any time. Pipelines are the most preferred mode of transporting oil and
gas. Increasing global consumption of oil and gas is expected to drive
the global onshore oil and gas pipeline market during the forecast
period,” says Thanikachalam Chandrasekaran, a lead oil
and gas research expert from Technavio.

Technavio’s research analysts segment the global onshore
oil and gas pipeline market into the following regions:

Americas
APAC
EMEA

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Americas – market size and forecast

The Americas holds the largest share of the global existing oil and gas
pipeline length. The US possesses 89.37% of all the existing oil and gas
pipeline infrastructure in the Americas as of 2016. The country has a
vast history of oil and gas exploration and refining, dating back to
more than a century. Fueled by the shale gas and shale oil boom, it
possesses approximately two-thirds of the pipeline infrastructure in the
world.

Many new pipelines are coming up in the Americas during the forecast
period. These are TransCanada's Keystone XL pipeline and Energy East
pipeline, Atlantic Coast Pipeline in the US, and automation of Los
Ramones pipeline in Mexico. Moreover, new oil and gas field discoveries
in Latin American countries of Argentina and Brazil will attract heavy
investments to develop these oil and gas fields.

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APAC – market size and forecast

APAC is experiencing high demand for oil owing to rising consumption in
countries such as China, India, Japan, South Korea, and Indonesia. The
growing demand has put pressure on these countries to meet the high
demand in the future. This has led to a need to increase exploration
activities in the region, which is expected to drive the onshore oil and
gas pipeline market during the forecast period.

“The growth momentum is accelerating in APAC. Rising oil and gas
consumption in the region will result in increased upstream activities
in countries such as India, China, Indonesia. New explorations will
require laying of the crude oil and natural gas pipeline network for
easy transportation of the produced material, which will provide a major
boost to the onshore oil and gas pipeline market during the forecast
period,” says Thanikachalam.

EMEA – market size and forecast

The onshore oil and gas pipeline market in EMEA is expected to witness
moderate growth during the forecast period. As of 2016, oil and gas
pipelines under the construction phase in EMEA will increase the
existing length of oil and gas pipelines by around 40%. These include
cross-border pipelines to supply natural gas from Russia to demand
locations in Europe.

EMEA is marked with major crude oil and natural gas exporters. The
rising oil and gas demand in APAC countries of China and India will
drive the crude oil exporters to further explore their oil and gas
reserves. This will result in increased construction of onshore oil and
gas pipelines to transfer the produced oil and gas to refineries.

The top vendors in the global onshore oil and gas pipeline market as
highlighted in this market research analysis are:

BP
Gulf Interstate Engineering
Mott MacDonald
Saipem
TechnipFMC

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