Latest News- Oil And Gas Pipeline Market: Onshore is expected to lead the Application segment during 2025-2029

The Oil And Gas Pipeline Market is being driven by Rising energy consumption globally

The Oil And Gas Pipeline Market is expected to grow at a CAGR of 4.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 65.9 billion. In the oil and gas pipeline industry, ensuring safety and maintaining the integrity of infrastructure is of paramount importance. Advanced technologies, such as remote monitoring systems, have revolutionized pipeline operations by enabling early detection of potential issues. Pigging, the process of using scrapers or pigs for maintenance and inspection, is a common practice. However, certain pipelines with smaller diameters or complex configurations pose challenges for pigging, leading to undetected metal loss, corrosion, or cracks. These imperceptible defects can ultimately result in costly oil or gas spills and leaks. Therefore, continuous research and development of innovative inspection techniques are essential to mitigate risks and ensure the reliable and efficient operation of oil and gas pipelines. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Onshore
  • Offshore
• Type
  • Gas
  • Oil
• End-user
  • Industrial
  • Residential
  • Commercial
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
  • North America
    • US
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising energy consumption globally
• Surge in E and P activities is increasing deployment of oil and gas pipelines
• Economic benefits of pipelines over other oil and gas transportation modes

However, the market also witnesses some limitations, which are as follows:

• Volatility in crude oil prices is restraining oil and gas supply
• Increasing use of renewable energy sources
• Risks associated with oil and gas pipelines

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Market Scope in Oil And Gas Pipeline Market Research Report

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Research Analysis Overview

The Oil and Gas Pipeline Market encompasses technologies and services for pipeline design, construction, operation, maintenance, repair, and replacement. Key offerings include in-line inspection for internal corrosion and external damage, pipeline simulation and modeling for pressure monitoring and flow assurance, risk management, predictive maintenance, regulatory compliance, pipeline integrity assessment, pipeline safety, pipeline automation, remote operation, pipeline monitoring, data analytics, pipeline control, pipeline network optimization, pipeline capacity expansion, pipeline efficiency improvement, and asset management.

Market Research Overview

The oil and gas storage and transportation market encompasses businesses involved in the transportation and storage of crude oil, natural gas, and refined products. This sector is a crucial component of the oil and gas value chain, known as the midstream industry. According to Technavio's market analysis, the market size is determined by the consolidated revenues of equipment, supply, and service providers. Key growth drivers for the oil and gas storage and transportation market include escalating energy demand, dwindling fossil fuel reserves, volatile fuel prices, and environmental concerns. Pipeline integrity management, corrosion monitoring systems, leak detection technology, and pressure drop calculation are essential components of this market, ensuring the safe and efficient transportation of resources.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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