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Market Dynamics
Oilfields Pipeline Market is projected to register high demand during the forecast period with increasing demand from major end-use industries such as increase in use of pipeline systems in Western European countries during the forecast period
Global oilfield pipelines are used to transport oil & natural gas from the source of exploration to the site for use. Mainly, there are three types of pipeline systems used for the transportation of oil and natural gas, namely, crude oil systems pipeline, gathering systems pipeline, and refined product systems pipeline. The gathering systems pipeline is used to transport crude oil from the source of exploration to the refinery. In refineries, all waste materials, along with impurities present in the crude oil are removed. After this, the refined product systems pipeline is used to transport refined oil to storage facilities.
Natural gas pipelines are used to directly transport natural gas to homes as well as export facilities. Natural gas is used for cooking as well as other household purposes. The natural gas pipeline is available for both, commercial as well as residential use.
Countries have laid down strict laws for the transportation and use of crude oil and natural gas. The Western European region is the most advanced oilfields pipeline market. In countries such as the US and Canada, the market is growing at an unprecedented rate. The Middle East and the Asia Pacific markets are still largely underdeveloped with only a handful of countries making use of this technology.
Key Factors Impacting Market Growth:
Regional Outlook:
The regional outlook for oilfields pipeline market provides detailed information for markets including North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World. North America and Western Europe are estimated to be key regions for oilfields pipeline market during the forecast period. Being one of the industrialized regions, the energy & power sector is key to the operations of various industries in this region. This is one of the important factors governing the growth of oilfields pipeline market in these regions. Some of the major countries covered in this region include US, Germany, UK, France, Italy, Canada, and so on.
Asia Pacific is estimated one of the fastest growing regions for oilfields pipeline market during the forecast period. Some of the fastest growing economies and increasing demand for energy & power to cater high population & industries is expected to drive the demand in this region. China and India are projected to register major demand during the forecast period. Middle East that includes UAE, Saudi Arabia, Iran, Qatar, and others promises high market potential during the forecast period. Rest of the World including South America and Africa are emerging regions in terms of market demand during the forecast period.
Companies Covered: Gazprom, China National Petroleum Corporation, Chevron Corporation, ConocoPhillips, Tenaris S.A., TMK, National Oilwell Varco, Maharashtra Seamless Ltd, General Electric, Saipem S.p.A, Subsea 7 S.A, TechnipFMC, EVRAZ North America, Welspun Corp Ltd., Chelpipe, Europipe, Eni S.p.A, and Royal Dutch Shell PLC
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