Global Onshore Oil and Gas pipeline Market Size By Type (ERW Pipes, SSAW Pipes), By Application (Crude Oil Transmission, Natural Gas Transmission), By Region, And Segment Forecasts, 2023 to 2032
Report Id: 20298 | Published Date: Nov 2024 | No. of Pages: | Base Year for Estimate: Nov 2024 | Format:
The Global Onshore Oil and Gas Pipeline
Market was valued at USD 32.1 billion in 2023 and is projected to surpass USD
49.5 billion by 2031, growing at a CAGR of 5.6% during the forecast period from
2023 to 2031. The market's growth is driven by the increasing demand for
energy, expansion of pipeline infrastructure in developing regions, and the
growing reliance on oil and gas transportation to support global energy needs.
As nations work to enhance energy security, onshore pipelines are becoming an
essential component in the efficient and safe transportation of oil and gas.
Drivers:
Rising Global Energy Demand: The increasing
global energy demand, particularly in emerging economies, is a significant
driver for expanding onshore oil and gas pipelines. Pipelines are the most
efficient and cost-effective means of transporting oil and gas over long
distances, making them crucial for energy security.
Technological Advancements: Innovations in
pipeline construction, monitoring systems, and materials have improved the
safety and efficiency of onshore pipelines, further boosting market growth.
Automated and smart pipeline systems help minimize leaks and optimize flow,
improving operational performance.
Expansion in Developing Regions: The
development of oil and gas infrastructure in regions such as Africa, Latin
America, and Asia-Pacific is driving demand for new pipeline installations.
Restraints:
Environmental Concerns: The environmental
impact of onshore oil and gas pipelines, including risks of leaks, spills, and
habitat disruption, presents challenges to market growth. Stringent
environmental regulations could limit the pace of pipeline expansion.
High Initial Investment Costs: The
significant capital expenditure required for pipeline construction, including
land acquisition and installation, can act as a barrier for smaller players,
potentially slowing market growth.
Opportunity:
Expansion in Renewable Energy
Infrastructure: While the primary focus of the market remains on oil and gas
transportation, there is an opportunity for pipeline systems to integrate with
renewable energy infrastructure, such as hydrogen transportation, creating
future growth avenues.
Emerging Markets in Asia-Pacific: With
rising industrialization and energy needs, countries in the Asia-Pacific region
present significant opportunities for new pipeline construction projects.
Market
by System Type Insights:
The Crude Oil Pipelines segment is expected
to hold the largest market share in 2023, driven by increasing crude oil
production in major oil-producing regions. However, the Natural Gas Pipelines
segment is projected to witness the highest growth during the forecast period,
as natural gas is increasingly viewed as a cleaner alternative to other fossil
fuels.
Market by End-Use Insights:
The Transportation and Logistics segment
dominated the market in 2023, accounting for the highest revenue share. The
demand for efficient oil and gas transport systems, especially over land, is
the primary factor driving this segment's growth. Additionally, the Commercial
& Industrial segment is also growing as industries require a steady and
reliable supply of oil and gas for various processes.
Market
by Regional Insights:
North America led the global onshore oil
and gas pipeline market in 2023, driven by shale gas exploration and increasing
oil production in the U.S. and Canada. However, the Asia-Pacific region is
expected to register the highest growth rate during the forecast period due to
increasing investments in pipeline infrastructure in countries like China and
India.
Competitive
Scenario:
Key players operating in the global onshore
oil and gas pipeline market include Kinder Morgan Inc., Enbridge Inc., TC
Energy Corporation, Gazprom, PetroChina, and Chevron Corporation. These
companies are focusing on expanding their pipeline networks, adopting new
technologies, and entering strategic partnerships to strengthen their market
positions. For instance, Enbridge Inc. recently announced plans to expand its
pipeline network in North America to meet growing demand.
Scope
of Work – Global Onshore Oil and Gas Pipeline Market
Report
Metric |
Details |
Market Size (2023) |
USD 32.1 billion |
Projected Market Size (2031) |
USD 49.5 billion |
CAGR (2023-2031) |
5.6% |
Key Segments by System Type |
Crude Oil Pipelines, Natural Gas
Pipelines |
Key Segments by End-Use |
Transportation and Logistics, Commercial
& Industrial |
Leading Region |
North America |
Key Players |
Kinder Morgan Inc., Enbridge Inc., TC
Energy Corporation, Gazprom, PetroChina, Chevron Corporation |
Market Drivers |
Rising Global Energy Demand,
Technological Advancements |
Market Opportunities |
Expansion in Renewable Energy
Infrastructure, Emerging Markets in Asia-Pacific |
Key
Market Developments:
2023: Enbridge Inc. announced the expansion
of its North American pipeline network, focusing on increasing capacity to
transport crude oil from major oilfields.
2024: Gazprom initiated a new pipeline
project in Eastern Europe aimed at expanding natural gas supply routes to
Western Europe.
2025: Kinder Morgan Inc. revealed plans to
adopt smart pipeline monitoring systems to enhance operational safety and
efficiency across its existing networks.
FAQs
What is the current market size of the
Global Onshore Oil and Gas Pipeline Market?
The Global Onshore Oil and Gas Pipeline
Market is valued at USD 32.1 billion in 2023.
What is the major growth driver of the
Global Onshore Oil and Gas Pipeline Market?
The major growth driver is the rising
global energy demand and the need for efficient oil and gas transportation
systems.
Which is the largest region during the
forecast period in the Global Onshore Oil and Gas Pipeline Market?
North America is the largest region in the
market, driven by strong shale oil and gas production.
Which segment accounted for the largest
market share in Global Onshore Oil and Gas Pipeline Market?
The Crude Oil Pipelines segment accounted
for the largest market share in 2023.
Who are the key market players in the
Global Onshore Oil and Gas Pipeline Market?
Key players include Kinder Morgan Inc.,
Enbridge Inc., TC Energy Corporation, Gazprom, PetroChina, and Chevron
Corporation.
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