Oil Pipeline Infrastructure Market Projected To Grow At 3.5% CAGR During 2032

As per the analysts from Zion Market Research, the valuation of global oil pipeline infrastructure is anticipated to surge from USD 675.19 Billion in 2023, with projections indicating that it will reach USD 920.21 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 3.5% over the forecast period 2024-2032. The constantly growing population and a significant boost in automation are attributing to the growth in the oil pipeline infrastructure market during 2019–2025. Moreover, the global market is likely to flourish particularly in developing economies, as globalization has speeded up international businesses and deals, which is predicted to surge the demand for enduring infrastructure.

The global oil-rich economies comprising Iran, Saudi Arabia, and Iraq, among others, are investing millions and billions of USD to expand oil pipeline infrastructure for the effective flow of resources with other nations. The oil-rich nations have to develop a dedicated pipeline network for the ease of transportation of crude oil to specific nations that would agree to the long-term supply contract.

The global oil pipeline infrastructure market report profiled some of the globally and regionally renowned players propelling the market, which include Kinder Morgan, PetroChina, National Oil Varco, CNPC, Chelpipe, TransCanada, Europipe, Jindal Group, Enbridge, Bechtel, CRC Evans, Petrobras, Welspun Corporation, and Pembina. The infrastructure manufacturing and assembling firms are opting for various approaches such as innovations and cost-effective manufacturing to acquire a considerable market share. Other than this, the companies try to acquire, merge, or collaborate with the business partners to expand their business.

The growth of the oil pipeline infrastructure market is attributed to the rising need for a dedicated network with a junction point, through which resources can be supplied within the nations. The establishment of pipeline projects is likely to be triggered with the growth in the investment toward exploration and production activities.

Frequent Overhaul Of Aging Infrastructure For Streamline Flow Of Resources To Propel Market Growth

Constant renovation of aging oil pipeline systems to maintain a streamlined flow of resources will propel the global market. However, strict government regulations toward environmental safety will hamper the market growth. Based on the Greenpeace report, around 3.5 million gallons of crude oil had been spilled between the year 2002 and 2017 from the pipeline infrastructure connected to the Energy Transfer.

The global oil pipeline infrastructure market report segments the market into multiple fragments based on the dimensions, export/import product, application, operation, and geography. By dimensions, the pipeline is divided into three categories with a diameter of 24 inches or higher, 8–24 inches, and 8 inches or lesser. By product, the market is bifurcated into petroleum products and crude oil. By operation, the market is segmented into gathering and transmission. By application, the market is segmented into offshore and onshore.

Contemporary Innovations & Field Discovery To Propel North American Oil Pipeline Sector

The North American oil pipeline infrastructure market is expanding at a considerable rate owing to the speedy determining the location of oil fields along with the recent technological advancements. With the commencement of newly discovered oil fields across the North East US, North America will receive a remarkable boost in the oil pipeline infrastructure market. Along with this, the US administration is supporting the market firmly by offering substantial investments for the augmentation of green field infrastructure and upgradation of the traditional technologies to deliver the extracted oil to the market.

Browse the full “Global Oil Pipeline Infrastructure Market - By Diameter (24 Inches Or Higher, 8–24 Inches, And 8 Inches Or Lesser), By Product (Petroleum Product And Crude Oil), By Operation (Gathering And Transmission), By Application (Offshore And Onshore), And By Region - Global Industry Perspective, Comprehensive Analysis, And Forecast, 2024 – 2032.” Report at https://www.zionmarketresearch.com/report/oil-pipeline-infrastructure-market

The global oil pipeline infrastructure market report categorizes the global market on the basis of:

By Diameter

• 24 inches or higher
• 8-24 inches
• 8 inches or lesser

By Product

• Petroleum product
• Crude oil

By Operation

• Gathering
• Transmission

By Application

• Offshore
• Onshore

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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