Oil Pipeline Infrastructure Market Size, Share, Trends, Growth 2032

Oil Pipeline Infrastructure Market Insights

Zion Market Research has published a report on the global Oil Pipeline Infrastructure Market, estimating its value at 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 report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Oil Pipeline Infrastructure industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

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Oil Pipeline Infrastructure Market: Overview

Oil pipeline infrastructure help in transportation of crude oil and refined oil products in a safe way to the destined location along with retention of flow conditions & standard pressure.

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Oil Pipeline Infrastructure Market: Growth Drivers

Massive demand for fuel energy with rise in the number of vehicles on the roads along will drive the market trends. Globalization has contributed substantially towards the global trade and this has resulted in escalating demand for robust infrastructure facility, thereby prompting the business growth. Apparently, key economies of the Middle East region including Saudi Arabia and Iran are investing huge funds for developing strong oil pipeline infrastructure through collaboration with the countries like India for exporting oil and this is going to create huge growth opportunities for the market over the forthcoming years.

Furthermore, growing need for crude oil transport and requirement of long term supply of oil at distant locations will accentuate the growth of the market within the next few years. Apart from this, renovation & refurbishment of aging or outdated oil & gas infrastructure will embellish the market trends. Nonetheless, strict laws governing ecological safety will hinder the market growth over the forthcoming years.

Oil Pipeline Infrastructure Market: Report Scope

North America To Account For Major Chunk of Market Size Over 2024-2032

The growth of the market in the sub-continent over the estimated timespan is due to adding of new features to the current oil pipeline units for improving the oil flow and speed of the flow. Apart from this, need for enhancing the operations will further drive the regional market growth. In addition to this, a large number of airports in North America depend on incessant jet fuel supply from pipelines, thereby resulting in huge product penetration in the region and this lucratively impacts the business growth.

Oil Pipeline Infrastructure Market: Competitive Analysis

The global oil pipeline infrastructure market is led by players like:

• Kinder Morgan
• Welspun Corporation
• PetroChina
• National Oil Varco
• CRC Evans
• CNPC
• Chelpipe
• Petrobras
• TransCanada
• Europipe
• Jindal Group
• Enbridge
• Bechtel
• Pembina

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