Crude Oil Pipelines Market: Global Opportunity Analysis and Industry Forecast 2023-2030 Market

Crude Oil Pipelines Market Outlook - 2027

Crude oil pipeline is made of steel or plastic tubes, which are usually buried. These pipelines are rapidly becoming the basis for the production of liquid fuels. While many forms of transport are used to move this product to hubs and refineries for storage, pipelines remain one of the safest, most efficient, and most economical ways of moving natural resources. Pumping stations along the pipeline push the oil into the pipelines. Natural gas (along with related gaseous fuels) is pressurized into liquids known as natural gas liquids. Carbon steel is used to build natural gas pipelines. Thus, pipelines serve as a suitable way of shipping materials as compared to roadway or rail transport. Crude oil and some petroleum products, which move through pipelines, contain small amount of additives to reduce internal pipe corrosion and minimize energy loss (drag reduction). Crude oil pipelines transporter has been using monitoring devices such as drones to secure and track pipelines. Thus, the use of drones to track pipelines is becoming popular, owing to the fact that drones record leakage, blockage, irregular flow, and pipeline security against attacks.

Key drivers of global crude oil pipelines market

Over the last few years, the oil pipeline transportation industry has witnessed significant growth, powered by unfailing oil production all over the world. As production increased, oilfields required extra pipeline capacity to move crude oil from exploration sites to refineries, where crude oil can be refined into higher-value products such as gas. In addition, rise in crude petroleum demand and rise in pipeline investments are expected to accelerate the growth of the sector in the coming years. Moreover, the growth of the crude oil pipeline industry is driven by rise in offshore operations, such as deepwater and ultra-deepwater production and development. In addition, the availability of ample natural gas reserves and lower cost compared with other forms of fossil fuel are projected to boost the demand for natural gas from several end-use sectors such as power generation. That, in turn, is expected to boost the market for crude oil pipelines.

Market scenario: opportunities and challenges

In the coming years, due to factors, such as less harm to environment and rise in research activities for energy security in developed countries, natural gas is expected to witness rapid adoption as compared to all other fuel types, which, in turn, is expected to boost the growth of the global pipeline industry. The extraction of new natural gas sources, such as shale gas reserves, and the resulting market pressure are boosting foreign natural gas trade; therefore, the volume of transportation and storage are increasing accordingly. Consequently, these changes are likely to introduce new opportunities for the pipeline industry. However, transportation of heavy crude oil via pipelines is one of the key obstacles that crude oil pipeline operators are facing. The increased density of crude oils and the high-level cooling properties make their transportation comparatively inefficient, which results in various operational problems. This is expected to lead to rise in adoption of improved pipeline technologies across all the oil and gas pipeline companies in the coming years.

COVID-19 scenario analysis

The global crude oil pipelines market is expecting a slowdown during the starting couple of years owing to the outbreak of the COVID-19 pandemic.  Governments of various countries have implemented lockdown, which has led to shutdown of factories in scores of cities and provinces across the world, thus leading to predictions of a sharp slowdown in the output from oil & gas industry to construction sector. The crude oil pipelines industry is expected to get directly impacted for the next one or two years, if the growth of the oil industry declines, as it is one of the key consumers of crude oil pipelines. Moreover, companies are dealing with missing sales and disrupted supply chains as production activities shutdowns.

Key benefits of the report

• This study presents the analytical depiction of the global crude oil pipelines industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global crude oil pipelines market share.
• The current market is quantitatively analyzed to highlight the global crude oil pipelines market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the global crude oil pipelines market research report

• Which are the leading market players active in the crude oil pipelines market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What are the projections for the future that would help in taking further strategic steps?

 Crude Oil Pipelines Market: Global Opportunity Analysis and Industry Forecast 2020–2027 Report Highlights