Latest News - Onshore Oil and Gas Pipeline Market: Gas pipelines are expected to lead the Application segment during 2024-2028

The Onshore Oil and Gas Pipeline Market is being driven by Rising global energy demand

The Onshore Oil and Gas Pipeline Market is expected to grow at a CAGR of 5.06% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 17.8 billion. In the onshore oil and gas pipeline market, the integration of big data analytics is revolutionizing operations. Companies harness intricate data from geoscientists and data scientists to enhance decision-making. Descriptive analytics delivers insights on pipeline pressure, depth, and temperature. Predictive analytics forecasts potential outcomes, such as pressure and temperature shifts, and the likelihood of encountering challenging terrains. Prescriptive analytics empowers pipeline operators to optimize performance by adjusting key parameters. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Gas pipelines
  • Oil pipelines
• Type
  • SSAW pipes
  • LSAW pipes
  • ERW pipes
  • Others
• Geography
  • APAC
    • China
    • India
  • North America
    • US
    • Canada
  • Middle East and Africa
  • Europe
    • Russia
  • South America

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

• Rising global energy demand
• Economic advantages of pipeline transportation
• Surge in exploration and production activities

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

• Rising demand for renewable energy sources
• Risks involved in oil and gas transportation via pipelines
• Volatility in global crude oil prices

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Market Scope in Onshore Oil And Gas Pipeline Market Research Report

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Research Analysis Overview

In the onshore oil and gas industry, the production rate is a critical factor in ensuring the efficient supply of raw materials. The transportation of these resources is essential, with international transport methods such as ships and boats playing a significant role. National transport, including railways, trucks, and tankers, also plays a crucial part in the distribution of onshore oil and gas. Onshore oil and gas pipelines are a key infrastructure component in the energy sector. These pipelines transport various fossil fuel types, including natural gas and coal, from production sites to domestic markets and international destinations. Pipeline projects are subject to various restrictions, including travel and lockdown restrictions, which can impact their timeline and cost. The demand for gas and electricity consumption continues to grow, driving the need for a reliable and efficient onshore oil and gas pipeline network. Renewable sources, such as wind and solar, are also increasingly integrated into the energy mix, requiring a flexible and adaptable pipeline infrastructure. Onshore oil pipelines transport crude oil from wellheads to refineries, while gas pipelines transport natural gas from production sites to processing facilities and end-users. The use of different pipe materials, such as LSAW pipes, SSAW pipes, and ERW pipes, is determined by various factors, including cost, durability, and environmental considerations.

Market Research Overview

The onshore oil and gas pipeline market caters to companies involved in the transportation of crude oil and natural gas through pipelines on land. This sector is a crucial component of the oil and gas value chain, known as midstream. Technavio evaluates the size of the onshore oil and gas pipeline market by aggregating the revenues generated by pipeline infrastructure providers. Market expansion will be fueled by escalating energy demand, dwindling fossil fuel reserves, volatile fuel prices, and the need to mitigate environmental concerns. 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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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/