(MENAFN- Zion Market Research) As per the analysts from Zion Market Research, the valuation of global oil pipeline infrastructure is anticipated to surge from USD 113 billion to about USD 142 billion from 2019 to 2026. Based on the analytical data, the global market is set to grow at around 2.9% CAGR during the forecast period. The constantly growing population and a significant boost in automation are attributing to the growth in the oil pipeline infrastructure market during 20192025. 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.
Request Sample Request Customization Buy Now
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, 824 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, 824 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, 2020 2026. Report at [To enable links contact MENAFN]
The global oil pipeline infrastructure market report categorizes the global market on the basis of:
Diameter:
- 24 inches or higher
- 8-24 inches
- 8 inches or lesser
Product:
- Petroleum product
- Crude oil
Operation:
Application:
Region:
- North America
- 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
About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client's needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Contact Us:
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email:
Website: [To enable links contact MENAFN]
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.