North America Oil & Gas Pipeline Market to Cross $15 Billion by 2022
Growing consumption and rising investments for
exploration and production of oil & gas to propel North America oil &
gas pipeline market through 2022
According to a recently
published TechSci Research report, “North America Oil & gas Pipeline Market By Application, By Type, Competition Forecast &
Opportunities, 2012–2022”, oil & gas pipeline market in North
America is forecast to surpass $ 15 billion
by 2022. United States dominated oil
& gas pipeline market in North America and the country is anticipated to
continue dominating the market through 2022. Major factor driving growth in
United States oil & gas pipeline market
is presence of massive oil & gas pipeline projects being announced in the
country. Natural gas pipeline in the United States are own and operated by
national and international pipeline companies. Entire natural gas pipeline network in the United
States is integrated and all 48 states are well connected with natural gas
pipeline. Cumulative pipeline length of Mexico is nearly 1% of total oil &
gas cumulative pipeline length in the United States. Moreover, growth in the
United States pipeline infrastructure is anticipated to expand further in the
coming years, owing to growing requirement of supplying hydrocarbons to every
part of the country.
Browse 6 market data Tables and 30 Figures spread
through 74 Pages and an in-depth TOC on "North America Oil & Gas Pipeline Market,
2012-2022"
https://www.techsciresearch.com/report/north-america-oil-gas-pipeline-market-by-application-midstream-downstream-upstream-by-type-saw-seamless-erw-polyethylene-composites-competition-forecast-and-opportunities/1018.html
North America oil & gas pipeline market is
projected to grow at a moderate pace during 2017-2022, on account of rising
demand for oil & gas across the region. Moreover, rising infrastructural
activities and growing governments initiatives in various regions are further
anticipated to boost demand for oil & gas pipeline infrastructure in North
America region through 2022. Furthermore, SAW and seamless pipes are used in
oil & gas midstream activities to transport natural gas, LPG and other
non-toxic gases from one place to another. Both the pipes are welded. Additionally,
SAW and ERW pipes are projected to exhibit highest CAGRs in North America oil
& gas pipeline market during 2017-2022.
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“New and planned pipeline projects
would be majorly concentrated near shale reserves in North America, which in
case of the US are the Marcellus and Utica Shales. Also, more than 80% of the
pipelines constructed during 2015-2020 are expected to be natural gas
pipelines. Thus, demand for oil & gas pipeline infrastructure is expected
to increase in North America through 2022”, said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“North America Oil
& gas Pipeline Market By Application, By Type, Competition Forecast &
Opportunities, 2012–2022” has evaluated the future growth
potential of North America oil
& gas pipeline market and provides statistics and information on
market structure. The report is intended to provide cutting-edge market
intelligence and help decision makers take sound investment evaluation.
Besides, the report also identifies and analyzes emerging trends along with
essential drivers, challenges and trends available in North America oil & gas pipeline market.
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