Report Code: A09023 | Pages: NA | Mar 2023 | 1134 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Onshore Oil And Gas Pipeline Market
Request Now !Crude oil and natural gas are essential commodities in today’s times due to several applications and rising demand in the form of energy. Even though coal is a leading entity in the energy mix, natural gas and crude oil are nowhere behind and thus hold potential share of importance in the market.
Crude oil and natural gas are extracted from underground reservoirs, and are traded in domestic and international markets with little processing. Oil and gas are mainly transported by pipelines, truck tankers, ships, boats, and railways.Â
COVID-19 impact
Rise in demand for natural gas is anticipated to rise in the forecasted period due to cost effectiveness as compared to other fossil fuel types and the accessibility to ample of natural gas reserves. This will further drive the onshore oil and gas pipeline market in the forecasted period.
Furthermore, NGL and natural gas segment is anticipated to boost at a fast pace in the forecasted period, majorly because of increase in awareness and rise is use of natural gas as a clean alternative for various fuels such as diesel and fuel oil. Refined products are majorly shipped through roadways or railways at present and therefore, refined products segment is expected to have a minor share of the onshore oil and gas pipelines market in the forecasted period.Â
The global shift towards renewable sources for electricity generation poses as a huge restraint for the oil and gas demand, which will be a major challenge for the growth of onshore oil & gas pipelines installation in the coming years.
The global onshore oil and gas pipeline market is studied across major four regional markets including North America, Europe, Asia-Pacific, and LAMEA. North America is expected to be the largest market over the coming years in response to the rising investments in oil and gas infrastructure in the region mainly due to shale boom in the U.S. Besides this, Asia-Pacific is expected to register significant growth due to  increase in the demand for energy, rise in investments in exploration and production activities, and upcoming pipeline projects in the region, especially in developing countries such as China and India.
Key benefits of the report:
Onshore Oil and Gas Pipeline Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
Aspects | Details |
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By Type |
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By Product |
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By Application |
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By Region |
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Key Market Players | Jiangsu Chang bao Steel Tube Co.Ltd., American Cast Iron Pipe Company, Jindal SAW Ltd, EUROPIPE Group, Tenaris S.A., Vallourec S.A., MetalurgicaGerdau S.A., JSW Steel Limited, JFE Steel Corporation, Essar Steel. |
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