Global Oil and Gas Pipeline Market Overview:
The global crude oil prices have experienced a crude oil price decline over the past few years which has ultimately stagnated the oil & gas transportation and exportation across the globe. Crude oil or natural gas is transported through the giant pipeline networks from the crude oil-producing regions to the consumption center spread in several countries. The global oil and gas market has experienced significant growth over the past couple of decades due to increasing crude oil export and growing need for long-distance export lines. The alternate transportations used such as road rail and sea are comparatively more expensive than the pipelines. Although higher initial investments in pipeline structures might hinder the growth of oil and gas pipelines.
- Growing Need for Long Distance Export Lines
- Increasing Instances of the Deep Water Production Events
- Introduction to Automated Routing Technologies in Oil and Gas Pipelines
- Growing Demand for Highly Automated Pipeline Inspection
- Robust Initial Investments in Installing Oil and Gas Transport Lines
- Significant Maintenence Cost Required
- Upsurging Oil and Gas Infrastructure from Developing as well as Underdeveloped Economies
- Increasing Production from the Offshore Fields
- Operational Complexities and Significant Probability of Leakages
- Stringent Government Regulations on Oil and Gas Transportation
Some of the key players profiled in the report are Vallourec S.A. (France), TMK Group (Russia), U. S. Steel Tubular Products (United States), Nippon Steel Corporation (Japan), JFE Holdings, Inc. (Japan), Tianjin Pipe Corporation (China), ArcelorMittal S.A. (Luxembourg), ChelPipe Group (Russia), EVRAZ plc (United Kingdom) and Husteel Co. Ltd. (South Korea). Additionally, following companies can also be profiled that are part of our coverage like Sandvik AB (Sweden), National Oilwell Varco (United States), Northwest Pipe Company (United States), SB International, Inc. (United States), Reliance Steel & Aluminum Co. (United States), Jiangsu Yulong Steel Pipe Co. Ltd. (China), Jiuli Group Co. Ltd. (China), Baoji Petroleum Steel Pipe Co. Ltd. (China) and CITIC Limited (Hong Kong). Analyst at AdvanceMarketAnalytics see Asian Manufacturers to retain maximum share of Global Oil and Gas Pipeline market by 2024. Considering Market by Use, the sub-segment i.e. Flow Lines will boost the Oil and Gas Pipeline market. Considering Market by Sector, the sub-segment i.e. Midstream will boost the Oil and Gas Pipeline market. Considering Market by Material, the sub-segment i.e. Steel Pipes will boost the Oil and Gas Pipeline market.
On 9th September 2019, Vallourec has been awarded a contract by Abu Dhabi National Oil Company for the supply of tubing and casing, over a five year period, with a possible 2-year extension, for an amount of USD 900 million. This agreement includes a full range of products, from standard API to high-end premium OCTG for both onshore and offshore oilfields, and conventional to complex wells.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Oil and Gas Pipeline market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Oil and Gas Pipeline market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Oil and Gas Pipeline Manufacturers, Oil and Gas Pipeline Distributors and Suppliers, Oil and Gas Industry Associations, Research and Development Institutes, Upstream and Downstream Buyers, Government Agencies, International Traders and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.