Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 14.25 Billion

CAGR (2023-2028)

6.01%

Fastest Growing Segment

Industrial

Largest Market

Asia Pacific

 

Market Overview

Global Crude oil pipeline market has valued at USD 14.25 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 6.01% through 2028, the rising oil and gas consumption, the pipeline capacities are being expanded, and new pipeline projects are being commissioned.

Key Market Drivers

Energy Demand will help with Crude oil pipeline Market growth.

Energy demand is a paramount driver of the crude oil pipeline market, shaping its growth, expansion, and overall significance in the global energy landscape. As the world's primary source of energy, crude oil remains a vital commodity, and the pipelines that transport it are indispensable arteries of the energy infrastructure. The incessant growth of global energy demand, driven by industrialization, urbanization, and population expansion, underscores the essential role of crude oil pipelines. These pipelines act as lifelines, ensuring a reliable and efficient supply chain from oil extraction sites to refineries and distribution centers. Their capacity to transport vast quantities of crude oil over long distances makes them indispensable in meeting the ever-increasing energy needs of nations worldwide.

Developing economies, in particular, are experiencing a surge in energy demand as they progress and modernize. This heightened demand translates into a compelling incentive for the construction and expansion of crude oil pipeline networks. To keep pace with this growth, both established and emerging markets must invest in the infrastructure necessary to ensure a steady and secure supply of crude oil.

The resilience of crude oil pipelines is further underscored by their cost-effectiveness and environmental advantages compared to alternative modes of transportation, such as trucks or trains. These pipelines offer a safer and more sustainable method of transporting crude oil, reducing the risk of spills and emissions associated with other transportation methods. In summary, energy demand acts as the primary catalyst driving the crude oil pipeline market. As global energy needs continue to escalate, the demand for efficient, safe, and environmentally responsible methods of transporting crude oil will persist, cementing the significance of crude oil pipelines as the backbone of the world's energy supply chain. Meeting this demand will require ongoing investment and innovation in pipeline infrastructure to ensure a resilient and sustainable energy future.

Environmental Regulations Have Played a Crucial Role in The Growth of The Crude oil pipeline Market.

Environmental regulations are becoming an increasingly influential driver of the crude oil pipeline market. As concerns about climate change and environmental sustainability grow, governments and international bodies are imposing stricter regulations on the energy sector, and these regulations have significant implications for how crude oil is transported. One of the most notable impacts of environmental regulations on the crude oil pipeline market is the requirement for improved safety and environmental standards. Pipelines are under increased scrutiny to prevent leaks, spills, and accidents that can harm ecosystems, contaminate water sources, and disrupt local communities. Consequently, pipeline operators are investing heavily in advanced technologies for leak detection, corrosion prevention, and pipeline integrity, driving innovation in the industry.

Additionally, many regions now require rigorous environmental impact assessments before approving new pipeline projects. This means that pipeline operators must demonstrate their ability to minimize the ecological footprint of their operations. They may need to adopt mitigation measures such as route optimization to avoid sensitive ecological areas and employ advanced construction techniques to reduce disturbances. Furthermore, environmental regulations often dictate stringent emissions standards for the energy sector. As a result, pipeline companies are increasingly adopting cleaner technologies and practices, such as using renewable energy sources to power pipeline operations or implementing carbon capture and storage (CCS) systems to reduce greenhouse gas emissions associated with the transportation of crude oil.

In some cases, stringent regulations may lead to the retirement or repurposing of older, less environmentally friendly pipelines. This could prompt investments in the construction of newer, more efficient pipelines designed to meet modern environmental standards. Overall, the influence of environmental regulations on the crude oil pipeline market is undeniable. These regulations are pushing the industry toward greater sustainability, technological innovation, and responsible environmental practices. Pipeline operators are recognizing that compliance with these regulations is not only a legal requirement but also a strategic imperative for long-term viability in an era of growing environmental awareness and concern. As a result, environmental considerations are becoming a driving force in shaping the future of the crude oil pipeline market.

 

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Key Market Challenges

Aging Infrastructure

Aging infrastructure presents a substantial and growing challenge for the crude oil pipeline market, with the potential to hamper its operations and reliability. Many existing pipelines in the industry have been in operation for decades, and their age raises concerns related to safety, efficiency, and maintenance. One of the primary issues associated with aging infrastructure is the increased risk of pipeline failures. Over time, pipelines can become susceptible to corrosion, cracks, and material degradation. These factors heighten the likelihood of leaks, spills, and accidents, with the potential for significant environmental damage and safety hazards. Preventing and addressing these issues demands substantial investments in inspection, maintenance, and repairs.

Moreover, older pipelines may lack the advanced technologies and materials that newer infrastructure benefits from. This deficiency can affect the efficiency of crude oil transportation, making it less competitive in the face of evolving industry standards and customer demands for improved performance and reliability. Aging infrastructure also poses challenges related to regulatory compliance. As environmental and safety regulations become increasingly stringent, older pipelines may struggle to meet these evolving requirements. Retrofitting or upgrading aging infrastructure to meet modern standards can be expensive and complex, requiring careful planning and substantial capital investments.

The economic impact of maintaining and upgrading aging pipelines is substantial. Pipeline operators must allocate significant resources to monitor and maintain older infrastructure, which can strain their budgets and hinder profitability. Balancing the need for continued operation with the costs of ongoing maintenance and upgrades is a challenging financial calculus.

Furthermore, as technology evolves, older pipelines may face obsolescence, making them less competitive in the market. To remain relevant and efficient, pipeline operators must consider investments in automation, monitoring systems, and safety features, adding to the overall cost of maintaining aging infrastructure. In summary, aging infrastructure is a pressing concern for the crude oil pipeline market. The industry must address this challenge by implementing comprehensive maintenance and upgrade programs, embracing technological innovations, and collaborating with regulatory authorities to ensure the continued safe and efficient transportation of crude oil. Failure to do so could lead to disruptions, safety risks, and a diminished role for aging pipelines in meeting the world's energy needs.

Land Acquisition and Rights-of-Way

Land acquisition and securing rights-of-way are formidable obstacles that can significantly impede the crude oil pipeline market. These challenges revolve around obtaining the necessary land and permissions for constructing pipelines, and they can lead to delays, increased project costs, and, in some cases, project cancellations. The process of land acquisition is often complex, involving legal, regulatory, and environmental considerations. Obtaining the required permits and approvals can be a protracted and uncertain journey, as different regions and jurisdictions may have distinct rules and requirements. Environmental concerns play a crucial role, as potential impacts on ecosystems, water sources, and wildlife habitats necessitate extensive environmental assessments, adding time and complexity to the approval process.

One of the most contentious aspects of land acquisition is the use of eminent domain, which allows governments or pipeline companies to acquire private land for public use. This often leads to disputes, resistance from landowners, and legal battles over fair compensation and property rights. Balancing the need for essential infrastructure with property rights and community interests is a delicate and contentious challenge. Community opposition, especially from affected landowners and local communities, can further hinder progress. Concerns about property devaluation, disruption of livelihoods, and potential safety risks can fuel opposition movements and protests, causing project developers to reevaluate their plans or seek alternative routes.

Litigation related to land acquisition and rights-of-way can result in substantial costs and delays. Legal challenges can tie up projects in court, impacting budgets and timelines, and causing uncertainty for investors and stakeholders. Overall, addressing the challenges associated with land acquisition and rights-of-way is essential for the crude oil pipeline market's sustainability and growth. It requires careful negotiation, consultation with affected communities, transparent communication, and adherence to stringent environmental and safety standards. Overcoming these hurdles is vital for ensuring the continued development of essential pipeline infrastructure while respecting property rights and environmental concerns.

Key Market Trends

Integration of Advanced Technologies

The integration of advanced technologies is poised to be a pivotal driver propelling the global crude oil pipeline market into a new era of efficiency, safety, and sustainability. This trend represents a transformative shift in how the industry operates and manages its infrastructure, offering a host of benefits that underscore its significance. One of the foremost advantages of integrating advanced technologies is the substantial enhancement of safety and risk mitigation. Real-time monitoring systems equipped with sensors and analytics enable pipeline operators to detect anomalies, leaks, and potential threats with unprecedented accuracy and speed. This capability empowers operators to respond swiftly to incidents, reducing the risk of spills, environmental damage, and safety hazards.

Furthermore, predictive maintenance technologies are revolutionizing pipeline asset management. By analyzing data on equipment performance and wear and tear, operators can proactively address maintenance needs, preventing costly breakdowns and minimizing downtime. This predictive approach not only ensures the reliability of pipeline operations but also optimizes operational efficiency and reduces operational costs. Automation is another critical facet of technological integration. Advanced automation systems streamline pipeline operations, enabling remote monitoring and control. These systems can adjust pumping rates, pressure levels, and valve positions in real-time to optimize flow, conserve energy, and minimize operational disruptions. This automation significantly improves the overall efficiency of pipeline networks.

Digital twin technology is also making waves in the industry. Creating digital replicas of physical pipelines allows operators to simulate various scenarios, optimize performance, and plan for maintenance or expansions effectively. This technology provides valuable insights into pipeline behavior and performance, facilitating data-driven decision-making. Environmental sustainability is a growing concern, and technology plays a vital role in addressing it. Advanced leak detection systems and improved pipeline integrity management help minimize environmental impacts. Additionally, the adoption of clean energy sources for pipeline operations, such as renewable electricity, contributes to reducing the industry's carbon footprint.

Cybersecurity is paramount in today's digital age, and pipeline operators are investing in robust cybersecurity measures to protect critical infrastructure from cyber threats and attacks. Lastly, data analytics and artificial intelligence are being employed to optimize crude oil transportation logistics, enhance route planning, and improve scheduling. These technologies increase overall operational efficiency while reducing transportation costs.

In conclusion, the integration of advanced technologies is revolutionizing the global crude oil pipeline market. It improves safety, efficiency, and sustainability while minimizing risks and environmental impacts. As pipeline operators continue to embrace these technologies, they will position the industry to meet the evolving demands of the energy landscape and ensure the reliable and responsible transportation of crude oil for years to come.

Expansion of Pipeline Networks

The expansion of pipeline networks stands as a paramount driver poised to propel the global crude oil pipeline market into a new era of growth and significance. This trend is underpinned by several pivotal factors that collectively underscore the fundamental importance of pipeline expansion in the world's energy landscape. First and foremost, the relentless growth in global crude oil production necessitates a commensurate expansion of transportation infrastructure. As oil-producing regions continue to extract more crude, the demand for efficient and reliable means of transporting this vital commodity becomes increasingly urgent. Pipelines offer the most cost-effective and environmentally sustainable solution, enabling the industry to accommodate rising production volumes.

Moreover, pipeline expansion optimizes supply chains, reducing bottlenecks and ensuring a steady flow of crude oil to refineries, storage facilities, and distribution hubs. This efficiency minimizes disruptions, enhances reliability, and curtails transportation costs, rendering pipelines an attractive choice for both producers and consumers. Expansion efforts are also instrumental in accessing previously untapped oil reserves. These reserves are often located in remote or challenging terrains, necessitating the development of extensive pipeline networks to bring these valuable resources to market. In doing so, pipeline expansion opens up new frontiers for the oil and gas industry, fostering exploration and production in previously unexplored regions.

The benefits of pipeline expansion extend beyond mere transportation efficiency. Cross-border pipelines, for instance, foster international energy trade, forging economic partnerships and bolstering global energy security. By facilitating the seamless movement of crude oil across borders, these pipelines create a more interconnected global energy market, ultimately contributing to a more stable and diversified energy supply chain. Advancements in pipeline construction techniques and materials further bolster the feasibility of expansive projects. Innovations in technology enhance the industry's ability to construct and maintain pipelines across vast geographical areas, even in challenging environmental conditions. As the world grapples with energy security concerns and environmental considerations, the expansion of pipeline networks emerges as a linchpin of the global crude oil pipeline market. It underpins the industry's ability to meet the burgeoning global energy demand efficiently, cost-effectively, and sustainably while reducing reliance on less efficient modes of transportation. In this dynamic energy landscape, the expansion of pipeline networks will continue to serve as a critical driver, shaping the future of the crude oil pipeline market for years to come.

Segmental Insights

Application Insights

The market's largest contribution will be the Offshore Segment. Offshore segment dominated the market during the forecast period 2023-2029.on the basis of application, the target market is segmented into onshore and offshore. The increasing number of oil & gas development projects attached to rising investment toward offshore E&P activities are some of the factors expected to drive the offshore oil & gas pipeline segment.

Thus, the oil and gas segment are expected to dominate the Crude oil pipeline market during the forecast period.


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Regional Insights

Asia Pacific has established itself as the leader in the Global Crude oil pipeline Market with a significant revenue share in 2022.  

Energy consumption in Asia-Pacific is expected to increase by up to 48% by 2050. According to the International Energy Agency (IEA), China is expected to contribute 30% of the world’s energy increase until 2025. Moreover, natural gas imports have continuously increased in China and reached 162.7 bcm in 2021, thus meeting the increasing demand. China’s state-owned firms, including CNPC and China National Offshore Oil Corporation, have plans to maximize production at local gas fields, further driving the pipeline demand in the region.

Therefore, the increasing demand and new pipeline infrastructure in Asia-Pacific are significant factors driving the market growth of oil and gas.

Recent Developments

  • June 2022: Kalpataru Power Transmission Limited (KPTL) was awarded the laying & construction of a steel gas pipeline and terminals along with associated facilities for Section II of the Mumbai – Nagpur Pipeline Project (Part A) for GAIL (India) Ltd.
  • December 2022: Argentina secured financing of USD 689 million from the Brazilian state development bank BNDES for the second stage of a natural gas pipeline in the Vaca Muerta shale region.

Key Market Players

  • Nippon Steel Corporation
  • Tenaris Inc.
  • TMK Group
  • Mott Macdonald Group Ltd
  • Shengli Oil & Gas Pipe Holdings Limited
  • United States Steel Corporation
  • OMK Steel Ltd
  • ChelPipe Group
  • TechnipFMC PLC

 By Type

By Application

By Region

Carbon Steel Tubing

Oil-resistant Rubber Hose

Onshore Pipeline

Offshore Pipeline

North America

Europe

Asia Pacific

South America

Middle East & Africa

 

Report Scope:

In this report, the Global Crude oil pipeline Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Crude oil pipeline Market, By Type:

o   Carbon Steel Tubing

o   Oil-resistant Rubber Hose

  • Crude oil pipeline Market, By Application:

o   Onshore Pipeline

o   Offshore Pipeline

  • Crude oil pipeline Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Asia-Pacific
      • China
      • India
      • Japan
      • South Korea
      • Indonesia
    • Europe
      • Germany
      • United Kingdom
      • France
      • Russia
      • Spain
    • South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Egypt
      • UAE
      • Israel

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Crude oil pipeline Market.

Available Customizations:

Global Crude oil pipeline Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Crude oil pipeline Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.3.  Markets Covered

1.4.  Years Considered for Study

1.5.  Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

4.    Voice of Customers

5.    Global Crude oil pipeline Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Type (Carbon Steel Tubing, Oil-resistant Rubber Hose)

5.2.2.    By Application (Onshore Pipeline, Offshore Pipeline)

5.2.3.    By Region

5.3.  By Company (2022)

5.4.  Market Map

6.    North America Crude oil pipeline Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Type

6.2.2.    By Application

6.2.3.    By Country

6.3.  North America: Country Analysis

6.3.1.    United States Crude oil pipeline Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value 

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Type

6.3.1.2.2.           By Application

6.3.2.    Canada Crude oil pipeline Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value 

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Type

6.3.2.2.2.           By Application

6.3.3.    Mexico Crude oil pipeline Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value 

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Type

6.3.3.2.2.           By Application

7.    Asia-Pacific Crude oil pipeline Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Type

7.2.2.    By Application

7.2.3.    By Country

7.3.  Asia-Pacific: Country Analysis

7.3.1.    China Crude oil pipeline Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value 

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Type

7.3.1.2.2.           By Application

7.3.2.    India Crude oil pipeline Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value 

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Type

7.3.2.2.2.           By Application

7.3.3.    Japan Crude oil pipeline Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value 

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Type

7.3.3.2.2.           By Application

7.3.4.    South Korea Crude oil pipeline Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value 

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Type

7.3.4.2.2.           By Application

7.3.5.    Indonesia Crude oil pipeline Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value 

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Type

7.3.5.2.2.           By Application

8.    Europe Crude oil pipeline Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Type

8.2.2.    By Application

8.2.3.    By Country

8.3.  Europe: Country Analysis

8.3.1.    Germany Crude oil pipeline Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value 

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Type

8.3.1.2.2.           By Application

8.3.2.    United Kingdom Crude oil pipeline Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value 

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Type

8.3.2.2.2.           By Application

8.3.3.    France Crude oil pipeline Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value 

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Type

8.3.3.2.2.           By Application

8.3.4.    Russia Crude oil pipeline Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value 

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Type

8.3.4.2.2.           By Application

8.3.5.    Spain Crude oil pipeline Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value 

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Type

8.3.5.2.2.           By Application

9.    South America Crude oil pipeline Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Type

9.2.2.    By Application

9.2.3.    By Country

9.3.  South America: Country Analysis

9.3.1.    Brazil Crude oil pipeline Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value 

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Type

9.3.1.2.2.           By Application

9.3.2.    Argentina Crude oil pipeline Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value 

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Type

9.3.2.2.2.           By Application

10. Middle East & Africa Crude oil pipeline Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Type

10.2.2. By Application

10.2.3. By Country

10.3.             Middle East & Africa: Country Analysis

10.3.1. Saudi Arabia Crude oil pipeline Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value 

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Type

10.3.1.2.2.         By Application

10.3.2. South Africa Crude oil pipeline Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value 

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Type

10.3.2.2.2.         By Application

10.3.3. UAE Crude oil pipeline Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value 

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Type

10.3.3.2.2.         By Application

10.3.4. Israel Crude oil pipeline Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value 

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Type

10.3.4.2.2.         By Application

10.3.5. Egypt Crude oil pipeline Market Outlook

10.3.5.1.     Market Size & Forecast

10.3.5.1.1.         By Value 

10.3.5.2.     Market Share & Forecast

10.3.5.2.1.         By Type

10.3.5.2.2.         By Application

11. Market Dynamics

11.1.             Drivers

11.2.             Challenge

12. Market Trends & Developments

13. Company Profiles

13.1.             Nippon Steel Corporation  

13.1.1. Business Overview

13.1.2. Key Revenue and Financials (If Available)

13.1.3. Recent Developments

13.1.4. Key Personnel

13.1.5. Key Product/Services

13.2.              Tenaris Inc.

13.2.1. Business Overview

13.2.2. Key Revenue and Financials

13.2.3. Recent Developments

13.2.4. Key Personnel

13.2.5. Key Product/Services

13.3.             TMK Group

13.3.1. Business Overview

13.3.2. Key Revenue and Financials (If Available)

13.3.3. Recent Developments

13.3.4. Key Personnel

13.3.5. Key Product/Services

13.4.             Mott Macdonald Group Ltd

13.4.1. Business Overview

13.4.2. Key Revenue and Financials (If Available)

13.4.3. Recent Developments

13.4.4. Key Personnel

13.4.5. Key Product/Services

13.5.             Shengli Oil & Gas Pipe Holdings Limited

13.5.1. Business Overview

13.5.2. Key Revenue and Financials (If Available)

13.5.3. Recent Developments

13.5.4. Key Personnel

13.5.5. Key Product/Services

13.6.             United States Steel Corporation

13.6.1. Business Overview

13.6.2. Key Revenue and Financials (If Available)

13.6.3. Recent Developments

13.6.4. Key Personnel

13.6.5. Key Product/Services

13.7.             OMK Steel Ltd

13.7.1. Business Overview

13.7.2. Key Revenue and Financials

13.7.3. Recent Developments

13.7.4. Key Personnel

13.7.5. Key Product/Services

13.8.             ChelPipe Group

13.8.1. Business Overview

13.8.2. Key Revenue and Financials (If Available)

13.8.3. Recent Developments

13.8.4. Key Personnel

13.8.5. Key Product/Services

14. Strategic Recommendations

About Us & Disclaimer 

Figures and Tables

Frequently asked questions

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The market size of the Global Crude oil pipeline Market was USD 14.25 Billion in 2022.

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Offshore segment dominated the market during the forecast period 2023-2029.on the basis of application, the target market is segmented into onshore and offshore. The increasing number of oil & gas development projects attached to rising investment toward offshore E&P activities are some of the factors expected to drive the offshore oil & gas pipeline segment.

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The high cost of oil and gas pipelines is expected to hinder the growth of the Crude oil pipeline market.

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Factors such as the increasing exploration and production activities, and the growing emphasis on the offshore renewable energy sector, are likely to drive the Crude oil pipeline market during the forecast period.

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Parvati Sharma

Account Manager BD
Press Release

Crude oil pipeline Market to be dominated by Offshore segment through 2028

Sep, 2023

An increase in offshore activities, such as deepwater and ultra-deepwater production and development.to drive Global Crude oil pipeline Market in the forecast period, 2023-2028.