Middle East Oil & Gas Pipeline Market to be Dominated by Onshore Segment in the Forecast Period
Middle East Oil & Gas Pipeline
Market is expected to grow due to growing technological advancements in the oil
& gas sector and increasing demand for crude oil and natural gas during the
forecast period.
According to
TechSci Research report, “Middle East Oil & Gas Pipeline Market - By Country,
Competition Forecast & Opportunities, 2018-2028,” the Middle East Oil & Gas Pipeline Market is expected to register robust growth during the forecast period,
2024-2028.
The market is anticipated to be driven by elements
like rising investments, expanding gas infrastructure development, and
expanding desalination plant capacity over the forecast period. Saudi Arabia is
also thought to have the fifth-largest shale gas reservoir in the entire world.
The country has a strong chance of resembling North America's development of
unconventional reserves.
Additionally, important improvements that
affect the swift and secure flow of oil and gas have been brought about by the
oil and gas industries' ongoing technological advancement. Natural gas pipes
transport gas from stationary engines to a variety of locations, including
homes or export plants. The raw material is assembled by the natural gas
assembly system from manufacturing wells, and it is then transported by sizable
transmission pipelines from machinery to ports and purifiers. Moreover, this
procedure uses assembly systems.
By 2029, demand for natural gas is
anticipated to rise to around 4,250 billion cubic meters, a 1.6% increase. As a
result, it is anticipated that the network of natural gas pipelines would grow
along with the increase in demand for natural gas. By 2030, natural gas is
expected to be used more frequently than any other fuel, thanks to
considerations including environmental advantages and the need for energy
security, which is expected to grow the pipeline business. Due to the
extraction of resources like shale deposits and mounting cost pressure, natural
gas is being traded worldwide more frequently, which increases the demand for
transportation and storage.
Browse over XX market data Figures spread
through 80 Pages and an in-depth TOC on “ Middle East Oil & Gas Pipeline Market.”
The
Middle East Oil & Gas Pipeline Market is divided into Type, Application,
Sector, Country and Competitive landscape. Based on type, the market is divided
into Crude Oil Pipeline, and Natural Gas Pipeline. Based on Application, the
market is divided into Onshore and Offshore. Based on Sector, the market is
divided into Upstream, Midstream, Downstream. Based on country, the market is
segmented into Saudi Arabia, UAE, Qatar,
Kuwait, Bahrain and Rest of Middle East.
Based on Type, the market is divided into Crude Oil
Pipeline, Natural Gas Pipeline. Natural
gas consumption substantially increased, reaching 3,822.8 billion cubic meters
in 2020 as a result of rising natural gas demand in a number of sectors,
including transportation and power generation. As a result of this trend, which
is expected to continue in the foreseeable future, the infrastructure for gas
pipelines is expected to expand significantly. Due to the benefits to the
environment and the need for energy security, natural gas demand is predicted
to climb the most among all fuel types by 2030.
Based on Source, the market is segmented into Upstream,
Midstream, Downstream. Throughout the
forecast period, the upstream category will see significant growth as a result
of the increased focus on asset management. It encourages risk management,
resource efficiency, cheaper maintenance, and fewer safety accidents.
Businesses employ machine learning, cutting-edge AI, and predictive analysis to
improve their daily drilling and production processes. Their use in planning,
forecasting, and asset management will also result in significant operational
improvements.
Major market players in the Middle East Oil & Gas Pipeline Market are: -
·
Arabian Pipes Company
·
Rezayat Group
·
EEW Group
·
Sumitomo Corporation
·
Vallourec SA
·
Abu Dhabi Metal Pipes & Profiles Industries Complex LLC
·
Jindal SAW Ltd
·
ArcelorMittal
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“The market will be fueled by oil and gas firms
investing more in digital technologies to increase worker productivity. The
market is anticipated to be driven by elements like rising investments,
expanding gas infrastructure development, and expanding desalination plant
capacity over the forecast period. The significant analytical application
developments in the O&G sector, together with a growing focus on reservoirs
and production optimization, will propel market expansion due to which market is
expected to grow in the future." said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based Global
management consulting firm.
“Middle East Oil & Gas Pipeline Market– By Type
(Crude Oil Pipeline, Natural Gas Pipeline), By Application (Onshore and
Offshore), By Source (Upstream, Midstream, Downstream), By Country,
Competition, Forecast and Opportunities, 2028,” has
evaluated the future growth potential of Middle
East Oil & Gas Pipeline Market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities
in the Middle East Oil & Gas Pipeline
Market.
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