Oil And Gas Pipeline Market To Reach USD 44.01 Billion By 2032 | By Potential Growth 2024-2032

(MENAFN- GlobeNewsWire - Nasdaq) “US needs 65,000 miles of CO2 pipelines for net zero by 2050, but only 5,000 miles exist. Hydrogen pipelines lag even more, with just 1,600 miles in operation.”

United States, Los Angeles, March 19, 2025 (GLOBE NEWSWIRE) -- Introspective market Research is pleased to announce the publication of its latest report, Oil and gas Pipeline Market. This in-depth analysis shows that the Global Oil and Gas Pipeline Market , valued at USD 26.5 Billion in 2023, is set for substantial growth and is projected to reach USD 44.01 Billion by 2032 . This anticipated expansion reflects a strong compound annual growth rate (CAGR) of 5.8% from 2024 to 2032.

The pipeline market for oil and gas is an essential part of the energy sector, enabling the movement of crude oil, natural gas, and refined materials. Fueled by rising energy needs, infrastructure development, and pipeline upgrades, the market is experiencing consistent growth. Major stakeholders are investing in innovative materials such as high-strength steel and coatings that resist corrosion to improve durability. Regulatory structures, ecological issues, and geopolitical elements impact market dynamics. The emergence of LNG and hydrogen pipelines offers new possibilities. The market is primarily led by North America, the Middle East, and Asia-Pacific, with major initiatives focused on enhancing efficiency and facilitating cross-border energy exchange.

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Key Industry Insights –

Growing global consumption fuels pipeline expansion.

The oil and gas pipeline market is driven by the efficiency, cost-effectiveness, and safety of pipelines in transporting large volumes of oil and natural gas over long distances. As global energy demand rises, pipelines remain the most reliable infrastructure for ensuring a steady supply to industries, power plants, and households. Compared to alternatives like trucking or rail transport, pipelines reduce operational costs, minimize environmental risks, and enhance energy security. Additionally, advancements in pipeline materials and monitoring technologies further boost their adoption. Government investments and cross-border energy trade also contribute to the expansion of the oil and gas pipeline market.

Thermal Expansion, Seismic Activity, and Potential Ruptures of Pipelines

Restraining oil and gas pipelines involves implementing systems and techniques to maintain pipeline integrity and prevent damage caused by thermal expansion, seismic activity, ground movement, and external forces. Methods include anchor blocks, expansion loops, pipe supports, and advanced monitoring systems to reduce stress and prevent ruptures. Restraint systems help ensure operational safety, minimize environmental risks, and extend pipeline lifespan. Engineering solutions such as flexible joints and anti-buoyancy measures further enhance stability. Effective restraint measures are crucial for maintaining pipeline performance, especially in challenging terrains or extreme weather conditions, ensuring safe and efficient transportation of oil and gas resources.

Rapid Investments in Infrastructure

The pipeline sector for oil and gas presents substantial prospects because of growing worldwide energy needs, escalating infrastructure investments, and developments in pipeline technology. The growth of natural gas infrastructure, propelled by the shift to cleaner energy sources, is a significant driver of expansion. Moreover, advancements in pipeline inspection and upkeep, including smart pigging, AI-driven monitoring, and leak detection technologies, improve effectiveness and safety. Developing economies, especially in Asia and Africa, offer investment prospects for new pipeline initiatives. Authorities and private entities are concentrating on enhancing outdated infrastructure, which is increasing the need for advanced materials and digital solutions in pipeline operations.

Regulatory Compliance and Environmental Issues:

The oil and gas pipeline market faces critical challenges, including environmental concerns, ageing infrastructure, corrosion, and regulatory compliance. Environmental risks arise from leaks and spills, leading to ecosystem damage and public opposition. Ageing pipelines increase maintenance costs and the risk of failures. Corrosion weakens pipeline integrity, necessitating protective coatings and monitoring. Stringent regulations demand compliance with safety and environmental standards, requiring costly upgrades. Safety concerns, including explosions and leaks, pose risks to communities and workers. Additionally, the industry is pressured to adopt sustainable practices, such as carbon capture and renewable energy integration, to align with global decarbonization goals.

Key Players to Watch:

• Baker Hughes Co. (United States)
• ChelPipe (Russia)
• China National Petroleum Corporation (China)
• ConocoPhillips (United States)
• Eni S.p.A (Italy)
• EVRAZ North America (United States)
• Gazprom (Russia)
• General Electric (United States)
• Mott Macdonald Group Ltd. (United Kingdom)
• National Oilwell Varco (United States)
• Nippon Steel Corporation (Japan)
• Royal Dutch Shell p.l.c. (Netherlands)
• Saipem S.p.A (Italy)
• TechnipFMC (United Kingdom)
• Tenaris S.A. (Luxembourg) and Other Active Players
  

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Recent Developments

In January 2025, Pembina Pipeline Corporation announced the successful closing of Pembina Gas Infrastructure Inc.'s ("PGI") acquisition of a 50 per cent working interest in Whitecap Resources Inc.'s ("Whitecap") 15-07 Kaybob Complex, effective December 31, 2024. As part of the deal, Whitecap entered into a long-term take-or-pay agreement for PGI's capacity and committed to an area of dedication for all volumes produced. Additionally, Pembina provided an update on infrastructure development in Karr and Gold Creek under PGI's transaction with Veren Inc.

In May 2024, Sunoco completed its acquisition of NuStar Energy, significantly expanding its liquids terminal and pipeline operations. The acquisition added over 15,200 kilometres of pipeline and 63 terminal facilities to Sunoco's portfolio. This strategic move aimed to enhance operational efficiency and market reach. The deal was projected to generate $150 million in cost savings by its third-year post-closure. With this expansion, Sunoco strengthened its position in the energy sector, leveraging NuStar's assets to optimize logistics and distribution networks.

Key Segments of Market Report –

By Type

• Crude Oil Pipeline
• Natural Gas Pipeline

By Application

• Onshore
• Offshore

By Sector

• Upstream
• Midstream
• Downstream
  

By Region:

North America, particularly the United States, dominates the global oil and gas pipeline market due to its vast energy reserves, well-established infrastructure, and strong focus on energy security. The region has an extensive pipeline network for crude oil, natural gas, and refined products, facilitating efficient transportation and distribution. Ongoing investments in pipeline expansions, modernization, and safety measures further strengthen its dominance. The U.S. shale boom has significantly boosted pipeline demand, while government policies and technological advancements support market growth. Additionally, increasing exports of liquefied natural gas (LNG) and crude oil further reinforce North America's leadership in the global market.

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Comprehensive Offerings:

Strategic Points Covered in Table of Contents of Oil and Gas Pipeline Market:

1. Executive Summary:

In the market research report, the executive summary highlights the most critical market findings, including key trends and actionable insights, offering clients a snapshot of the report's core takeaways.

2. Market Landscape:

This section is crafted to include a detailed analysis of Oil and Gas Pipeline Market Dynamics, Growth Trends, And Regulatory Frameworks. Tools like PESTEL Analysis, Value Chain Analysis, and Investment Pockets are employed to present a thorough market outlook and future growth projections.

3. Oil and Gas Pipeline Market Competitive Analysis:

The competitive analysis examines the Key Players, Their Positioning, Strengths, And Opportunities. By mapping competition, we provide actionable intelligence for clients to strategize effectively.

4. Oil and Gas Pipeline Market Segmentation Analysis

In segmentation, we break down the market into Key and Sub-Segments, focusing on their growth potential, demand patterns, and overall market contribution.

5. Regional Analysis

Through in-depth global, regional, and country-level insights, we analyse key growth drivers and challenges specific to each geography.

6. Oil and Gas Pipeline Market Analyst Viewpoint and Conclusion

The concluding section consolidates the findings, offering strategic recommendations and emphasizing practical, client-centric strategies to navigate market complexities.

7. Thematic Research Methodology

Leveraging primary and secondary research, we ensure data authenticity and reliability. Our reports follow the MORE Principle:

• Magnifying Insights : Delivering accurate and detailed research findings.
• Optimizing Strategies: Customizing strategies for client needs.
• Refining Solutions: Continuously enhancing research processes.
• Elevating Client Impact: Creating measurable value for client success.

About Us:

Introspective Market Research (IMR) is an international market research and consulting company that focuses on leveraging big data and sophisticated analytics to deliver in-depth market insights. Our team of specialists assists clients in understanding upcoming market trends by examining historical and current data, providing precise predictions, and suggesting practical strategies. We concentrate on-demand evaluation, competitive comparison, and macroeconomic analysis to provide comprehensive industry insights. IMR's client-focused strategy guarantees individualized services, offering custom research and subscription reports specifically designed to meet each client's requirements. With robust work principles, a devoted support team, and a focus on providing valuable, data-informed solutions, we assist our clients in confidently reaching their business objectives.

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