Global Onshore Oil and Gas Pipeline Market 2017-2021
About Onshore Oil and Gas Pipeline
Pipelines associated with the oil and gas business are utilized to transport a multitude of commodities such as crude oil, natural gas, and refined products over various distances. Onshore pipelines are constructed over land and may even stretch across different countries. Onshore pipelines may either be laid underground or above ground. Crude oil and natural gas are found in rock formations in the earth's crust. The depths at which oil and gas reservoirs occur can vary from a few meters to more than 40,000 feet. The valuable petroleum resources are extracted by drilling through the surface to the depths where the resources occur.
Technavio’s analysts forecast the global onshore oil and gas pipeline market to grow at a CAGR of 6.59% during the period 2017-2021 .
Covered in this report
The report covers the present scenario and the growth prospects of the global onshore oil and gas pipeline market for 2017-2021 . To calculate the market size, the report considers the new construction of pipelines and exclude operations and maintenance cost of pipelines.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Onshore Oil and Gas Pipeline Market 2017-2021
Technavio recognizes the following companies as the key players in the global onshore oil and gas pipeline market: BP, Gulf Interstate Engineering, Mott MacDonald, Saipem, and TechnipFMC
Other Prominent Vendors in the market are: Appalachian Pipeline Contractors, AUDUBON COMPANIES, BARNARD, Bechtel, Burrow Global, Campos EPC, Dominion Energy, Driver Pipeline Company, ENBRIDGE, GAIL (India), General Electric, Hyundai Heavy Industries, Kinder Morgan, MasTec, Michels, MPG Pipeline Contractors, PLH Group, Snelson Companies, The Williams Companies, TransCanada, and WorleyParsons.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Big data analytics in oil and gas industry. One of the main advances the petroleum industry has witnessed is the application of big data analytics in the oil and gas industry. Companies are combining complex, varied, and massive data from geoscientists with those from data scientists. Descriptive analytics informs the driller about wellbore pressures, depth attained, and temperature. This is followed by predictive analytics, which informs the driller about the possible outcomes. For instance, it indicates the pressure and temperature changes that can take place and the possibility of encountering oil sands. Prescriptive analytics assists the driller in controlling outcomes by making changes in respective parameters. On the other hand, this technology utilizes smart instruments that capture and deliver a vast amount of data to the operator, which is used in monitoring and performing safe and accurate operations.”
According to the report, one of the major drivers for this market is Rising global oil and gas demand. According to the US Energy Information Administration, global consumption of liquid fuel stood at 96.47 mbpd in 2016 compared with 86.43 mbpd in 2007. The US leads in global liquid fuel consumption with a total consumption of 19.2 mbpd, followed by China and India with 11.5 mbpd and 4.3 mbpd liquid fuel consumption, respectively.
Further, the report states that one of the major factors hindering the growth of this market is Increasing use of renewable energy. Renewables have now become competitive with fossil fuels and are being used as primary sources of energy in many countries. As per the Eurostat, the share of renewables in the gross primary energy consumption in the EU nations is expected to rise by 4% during 2015-2020, owing to supportive government regulations. In 2016, renewable energy accounted for more than 50% share of the energy mix in many countries of Europe, including Norway, Iceland, and Sweden. This is owing to the imposition of stringent emission norms by the governments all across Europe.
BP, Gulf Interstate Engineering, Mott MacDonald, Saipem, and TechnipFMC, Appalachian Pipeline Contractors, AUDUBON COMPANIES, BARNARD, Bechtel, Burrow Global, Campos EPC, Dominion Energy, Driver Pipeline Company, ENBRIDGE, GAIL (India), General Electric, Hyundai Heavy Industries, Kinder Morgan, MasTec, Michels, MPG Pipeline Contractors, PLH Group, Snelson Companies, The Williams Companies, TransCanada, and WorleyParsons.