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Oil and Gas Pipeline Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

  • ID: 4997454
  • Report
  • February 2022
  • Region: Global
  • 125 Pages
  • Mordor Intelligence

FEATURED COMPANIES

  • ChelPipe Group
  • Mott Macdonald Group Ltd
  • Nippon Steel Corporation
  • OMK Steel Ltd
  • TechnipFMC PLC
  • Tenaris Inc.

The oil and gas pipeline market is expected to register a CAGR of more than 6.5% during the forecast period of 2022 -2027. The oil and gas market is one of the worst-hit industries during the COVID-19 pandemic. Pipeline projects witnessed delays due to imposed lockdown restrictions in major countries like the United States, India, and other countries. The decreased gas demand due to the decline in electricity consumption and travel restrictions also affected gas consumption in several countries negatively. In a bid to meet the rising oil and gas consumption, the pipeline capacities are being expanded, and new pipeline projects are being commissioned. Moreover, an increase in offshore activities, such as deepwater and ultra-deepwater production and development, is driving the oil and gas pipeline market. However, the global shift toward renewable sources for electricity generation poses a huge threat to the oil and gas demand, which is likely to be a major challenge for the growth of oil and gas pipeline installation in the coming years.



Key Highlights

  • The availability of abundant natural gas reserves and the lower cost in comparison to other fossil fuel types, among others, are expected to supplement the demand for natural gas from multiple end-use sectors, including power generation. This, in turn, is expected to boost the gas pipeline market during the forecast period.
  • Russia and Pakistan have agreed to build a new gas-carrying pipeline worth USD 2 billion. Additionally, India and Russia also signed a deal worth USD 40 billion on natural gas exports to India. Such large-scale projects are expected to drive the pipeline industry to grow more, and this, in turn, is expected to present an opportunity for the market players in the near future.
  • Asia-Pacific is expected to witness significant growth in the pipeline market owing to the increasing demand for oil and gas from the major countries in the region. China and India have been the largest consumers of oil and gas in the Asia-Pacific region, and the pipeline network is growing at a significant pace in both countries.

Key Market Trends


The Gas Pipeline Segment to Dominate the Market

  • Natural gas consumption increased significantly, reaching 3822.8 billion cubic meters (bcm) in 2020, owing to the increasing demand for natural gas in multiple industries, including power generation and transportation. This trend is expected to continue in the coming years and is likely to drive the gas pipeline infrastructure significantly.
  • By 2030, owing to factors such as environmental benefits and the quest for energy security in regions such as the Middle-East, Africa, and Asia-Pacific, the demand for natural gas is expected to witness a significant growth among all fuel types.
  • With the exports of 197.2 billion cubic meters of gas per year in 2020, Russia continued to be the largest LNG exporter across the globe. The LNG trade is expected to witness a significant increase globally, resulting in increased demand for the natural gas pipeline network as well.
  • Moreover, in January 2020, the Indian government approved USD 774 million for a natural gas pipeline network in the northeast region, as part of a national gas grid being built to span remote locations in the country. The 1,656 km pipeline is expected to cost up to INR 92.65 billion and is expected to be completed by 2023.
  • The development of new sources of natural gas, such as shale gas deposits, and the resulting price pressure are increasing the international trade of natural gas. Hence, these developments are expected to consequently result in increasing the demand for pipeline network expansion during the forecast period.


Asia-Pacific to Dominate the Market

  • The 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 been continuously rising in China, and reached 138.371 bcm in 2020, thus, meet the increasing domestic 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.
  • India is also modifying its gas pipeline infrastructure to meet the growing demand. In the annual budget of 2021, the Indian government announced a pipeline project for the union territory of Jammu and Kashmir. Apart from this, the nation aims to increase the natural gas share to 15% in the energy basket and expect USD 66 billion investment in building the gas infrastructure, including gas pipeline, CGD, and LNG regasification terminals.
  • Moreover, in December 2020, the Indian government announced USD 60 billion investment for creating gas pipeline infrastructure, which covers the expansion of Compressed Natural Gas pipeline networks (CGD) in 232 geographical areas across the country by 2024.
  • Therefore, the increasing demand and new pipeline infrastructure in Asia-Pacific are significant factors driving the oil and gas pipeline market growth.


Competitive Landscape


The oil and gas pipeline market is moderately fragmented. Some of the major players operating in this market include Nippon Steel Corporation, Tenaris Inc., TMK Group, ChelPipe Group, and Mott Macdonald Group Ltd.



Additional Benefits:


  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ChelPipe Group
  • Mott Macdonald Group Ltd
  • Nippon Steel Corporation
  • OMK Steel Ltd
  • TechnipFMC PLC
  • Tenaris Inc.

1 INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2 EXECUTIVE SUMMARY3 RESEARCH METHODOLOGY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2027
4.3 List of Major Upcoming and in Pipeline Projects, 2021 (Length of Pipeline, Transportation Fuel, Operator, Total CAPEX, Year of Start of Construction, and Commissioning Year)
4.4 Recent Trends and Developments
4.5 Government Policies and Regulations
4.6 Market Dynamics
4.6.1 Drivers
4.6.2 Restraints
4.7 Supply Chain Analysis
4.8 Porter's Five Forces Analysis
4.8.1 Bargaining Power of Suppliers
4.8.2 Bargaining Power of Consumers
4.8.3 Threat of New Entrants
4.8.4 Threat of Substitutes Products and Services
4.8.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Location of Deployment
5.1.1 Onshore
5.1.2 Offshore
5.2 Type
5.2.1 Crude Oil Pipeline
5.2.2 Gas Pipeline
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia-Pacific
5.3.4 South America
5.3.5 Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Nippon Steel Corporation
6.3.2 Tenaris Inc.
6.3.3 TMK Group
6.3.4 Mott Macdonald Group Ltd
6.3.5 Shengli Oil & Gas Pipe Holdings Limited
6.3.6 United States Steel Corporation
6.3.7 OMK Steel Ltd
6.3.8 ChelPipe Group
6.3.9 TechnipFMC PLC
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • 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
Note: Product cover images may vary from those shown

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