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Oil & Gas Pipeline Fabrication & Construction Market 2018 Share, Size, Future Demand, Global Research, Top Leading player, Emerging Trends, Region by Forecast to 2023 | 360 Market Updates

Oil & Gas Pipeline Fabrication & Construction

Oil & Gas Pipeline Fabrication & Construction Market (2018 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The Oil & Gas Pipeline Fabrication & Construction market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

Oil & Gas Pipeline Fabrication & Construction Market report is anticipated to register a CAGR of XX% over a five years forecast period (2018 – 2023).”

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List of Major Key players operating in the Global Oil & Gas Pipeline Fabrication & Construction Market are –

  • Snelson Companies Inc.
  • Bechtel Corporation
  • Pumpco Inc.
  • Barnard
  • Tenaris
  • Sunland Construction Inc.
  • Shengli Oil & Gas Pipe Holdings Limited
  • Gateway Pipeline LLC
  • Ledcor Group
  • and Larsen & Toubro Limited

The global crude oil and natural gas consumption registered a growth rate of 1.6% and 1.5% respectively. The demand for crude oil, natural gas, and refined products is expected to increase in the coming years, due to the increasing population. Governments in different countries are increasing their pipeline networks across the nation, to supply crude oil, natural gas, and refined products to end consumers. More than 40,000 miles of pipeline network was under construction in 2017, across the globe. As a result, the pipeline network to supply the products is expected to increase, thus boosting the pipeline fabrication and construction market.

Growing Natural Gas Consumption Driving the Market

Natural gas is a clean fuel and several large and small oil & gas consuming nations have registered a robust growth rate in natural gas consumption compared to crude oil, over the past few years. Large economies, such as France, Germany, the United Kingdom, Israel, Egypt, China, and India, have recorded CAGR of over 7.0% in 2016, for gas consumption. The high growth rate in natural gas consumption is in response to concerns regarding the environmental risks caused by carbon emission and nuclear power plants. The trend is expected to continue over the forecast period and drive the demand for pipeline fabrication and construction, for the transportation of natural gas.

Asia-Pacific – One of the Largest Markets

In 2016, Asia-Pacific accounted for around 34% and 20% of crude oil and natural gas consumption respectively and is the largest segment of the oil & gas pipeline fabrication and construction market. In Asia-Pacific, India and China are expected to lead the market, as both the countries are planning to expand their pipeline networks, to meet the increasing demand for oil and gas. As of June 2017, China had 112,000 km of oil & gas pipeline and is expected to reach 240,000 km by 2025. Further, in India, the gas pipeline infrastructure was around 16,470 km long, as of September 2017. India is the fourth largest importer of LNG and domestic LNG demand is expected to touch 90 billion cubic meters (bcm) from 21.3 bcm in 2017-2018 (April-November). In January 2018, the government has announced that five public sector undertakings (PSUs) would form a special purpose vehicle (SPV) to create a mega natural gas pipeline network in the Northeastern part of the country. As a result, the increasing demand for energy is expected to drive the demand for oil & gas pipeline, thus boosting the demand for its fabrication and construction.

Increasing Natural Gas Pipeline Infrastructure Development to Boost the US Segment

The United States is one of the largest consumers of crude oil and natural gas, accounting for around 20% of the global consumption. The country is planning to increase the share of natural gas in its energy mix. Several large inter-state natural gas pipeline networks have come online during the past few years. In 2016, the Federal Energy Regulatory Commission (FERC) recorded around 17.6 billion cubic feet per day (bcf/d) of new natural gas pipeline capacity. Till March 2017, more than 7.0 bcf/d was certified by FERC. The increasing oil & gas pipeline capacity in the United States is expected to boost the market.

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Scope of the Report:

The report analyses Oil & Gas Pipeline Fabrication & Construction market, which includes –

  • Analysis of the growth of Oil & Gas Pipeline Fabrication & Construction market in global and regional level including Asia-Pacific, Americas, and EMEA.
  • The report provides Oil & Gas Pipeline Fabrication & Construction market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
  • The report offers country level Oil & Gas Pipeline Fabrication & Construction market volume and value by end-user segment for the period 2012-2023.
  • Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Oil & Gas Pipeline Fabrication & Construction market are discussed.
  • The report provides competitive landscape at country level for the year 2018. It also covers key policies and initiatives, key deals, and key upcoming projects.

Highlighted points of Oil & Gas Pipeline Fabrication & Construction Market Report:

  • Varying dynamics of the Oil & Gas Pipeline Fabrication & Construction industry.
  • Prospective changes in sales volumes and worldwide share growth in upcoming years (2018-2023).
  • Oil & Gas Pipeline Fabrication & Construction market report recognizes the key drivers of growth and challenges of the key industry players.
  • Competitors profiles along with product description, overview, and business data.
  • A complete analysis of market risks, opportunities, limitations, and growth of the market.
  • Market driving and restraining factors.
  • Delivers information on the historical and current market size and the future potential of the market.
  • Oil & Gas Pipeline Fabrication & Construction market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.

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Reasons to Purchase Oil & Gas Pipeline Fabrication & Construction Market Report:

  • The report analyses how stringent emission control norms will drive the global Oil & Gas Pipeline Fabrication & Construction market.
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
  • Study on the product type that is expected to dominate the market.
  • Study on the regions that are expected to witness the fastest growth during the forecast period.
  • Identify the latest developments, market shares and strategies employed by the major Oil & Gas Pipeline Fabrication & Construction market players.
  • 3 months’ analyst support along with the Market Estimate sheet (in excel).

In this study, the years considered to estimate the market size of Oil & Gas Pipeline Fabrication & Construction:

History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2023

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