Onshore Oil and Gas Pipelines Market Forecast 2018 – 2026

Onshore Oil and Gas Pipelines Market Forecast 2018 – 2026

Increasing demand for energy has made crude oil and natural gas an essential part of the world’s energy mix. Though coal dominates the global energy mix, crude oil and natural gas also hold significant shares of the mix. Crude oil and natural gas have become more of a necessity than a commodity today. Crude oil and natural gas are extracted from underground reservoirs and with little processing, they are traded in national and international markets. Oil and gas are transported primarily through pipelines, truck tankers, ships or vessels, and railways. A majority of transportation takes place through pipelines, as they can handle bulk transfer without much issues. Though the initial investment in laying pipelines is high, large-quantity movement makes pipelines one of the most economical methods to transport oil and gas from one location to another over long distances. Due to this, the number of cross-border pipelines carrying oil and gas from producers to refiners or end-users is large.


Based on product, the onshore oil and gas pipelines market can be classified into crude oil, natural gas & NGL, and refined products. The crude oil segment is projected to hold a leading share of the global onshore oil and gas pipelines market during the forecast period. The segment is expected to maintain its dominance during the forecast period. The natural gas & NGL segment is likely to expand at a rapid pace during the forecast period, primarily due to rising popularity and increasing usage of natural gas as a clean alternative for various fuels such as diesel and fuel oil. The refined products segment is likely to hold a minor share of the onshore oil and gas pipelines market, as refined products are transported largely through roadways or railways presently.


Onshore Oil and Gas Pipelines Market: Regional Outlook

In terms of region, the global onshore oil and gas pipelines market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is estimated to dominate the global onshore oil and gas pipelines market during the forecast period, owing to rising investments in oil and gas infrastructure in the region mainly led by shale boom in the U.S. The region is expected to maintain its dominance during the forecast period also. On the other hand, the onshore oil and gas pipelines market in the Asia Pacific region is likely to expand at a considerable pace during the forecast period, primarily owing to increase in the demand for energy, rise in investments in exploration and production activities, and upcoming pipeline projects in the region, especially in developing countries such as China and India.


Onshore Oil and Gas Pipelines Market: Key Players

Key players operating in the global onshore oil and gas pipelines market are Arcelor Mittal S.A., Tenaris S.A., Vallourec S.A., Metalurgica Gerdau S.A., JSW Steel Limited, JFE Steel Corporation, Jiangsu Chang bao Steel Tube Co., Ltd., American Cast Iron Pipe Company, Jindal SAW Ltd, EUROPIPE Group, and Essar Steel.


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