Oil Pipeline Infrastructure Market Scope
Oil Pipeline Infrastructure is responsible for transporting oil, natural, and other large commodities. Oil Pipeline is used for carrying oil or gas over a long distance, often underground. Geographically, the Middle East region is leading for higher production for oil and a large number of infrastructure projects for the oil industry that is triggering the market growth over the upcoming year
The Oil Pipeline Infrastructure market study is segmented by Type (Crude Oil, Petroleum Product and Natural Gas), by Application (Onshore and Offshore) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. The market is expected to grow in the oil industry. It has wide applications for maintenance and service. Several companies such as Ray McDermott, Foster Wheeler, and Bechtel are operating in the market to provide customers with various features & unique offering services. The market is a partially fragmented market with the presence of several market players and local players. The demand in the market is slow due to specific applications but is expected to drive the market over the upcoming year. Research Analyst at AMA estimates that (United States) Manufacturers will contribute to the maximum growth of Global Oil Pipeline Infrastructure market throughout the predicted period.
Ray Mcdermott (United States), Foster Wheeler (Switzerland), Bechtel (United States), U.S. Pipeline, Inc (United States), Bonatti (Italy), MasTec (United States), Kinder Morgan (United States), Eni (Italy), Statoil (Norway), Total (France), Chevron (United States), BP (United Kingdom), Shell (Netherlands), ExxonMobil (United States), Pipeline Infrastructure Limited (India) and Others are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AMA Research has segmented the market of Global Oil Pipeline Infrastructure market by Type, Application and Region.
On the basis of geography, the market of Oil Pipeline Infrastructure has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On September 2021, KEC International Ltd has acquire 7 % in Spur Infrastructure Pvt. Ltd in the oil and gas pipeline sector. The acquisition cost is Rs 62 Crore however this Acquisition will help Spur Infra to diversify into adjacent areas of growth.
On January 2021 GAIL plans to launch pipeline InvIT before Co split between Dahej and Bengaluru However these two pipeline project cost is over Rs 3000.
Market Trend
- Huge adoption for digital technologies for optimizing processes while maintaining existing infrastructure
Market Drivers
- Huge demand in a fast-growing economy
Opportunities
- Huge demand in end-use industry
Restraints
- The rising price of raw material
Challenges
- A large amount of initial investment is required
Key Target Audience
Raw Material Supplier, OEM (Original Equipment Manufacturer), Trader, Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End-use Industry