The global Oil Pipeline Transportation market was valued at from USD 65 Million in 2022, and is projected to grow at a CAGR of 7.5% during the forecast period.
Market Overview
The research firm Contrive Datum Insights has just recently added to its database a report with the heading global Oil Pipeline Transportation Market.Both primary and secondary research methodologies have been utilised in order to conduct an analysis of the worldwide Oil Pipeline Transportation Market. In order to provide a comprehensive comprehension of the topic at hand, it has been summed up using appropriate and accurate market insights. According to Contrive Datum Insights, this worldwide comprehensive report is broken up into several categories in order to present the data in a way that is understandable, succinct, and presented in a professional manner. Oil and gas are important sources of power and fuels for cars and trucks in the modern world. Because of this, there is a big market for oil pipeline transportation. Because there are different oil and gas resources in different parts of the world, people have had to come up with ways to transport crude oil, kerosene, gasoline, diesel, and other gases that come from refining processes in a safe and cost-effective way. In the United States, pipelines move about 70% of crude oil and petroleum products. In Canada, pipelines move more than 97% of natural gas and petroleum products. Oil byproducts are being used more and more in different industries, and there is a high demand for these materials. These are two of the main things that should help the pipeline transportation market grow.
Estimates and forecasts of the size of the Oil Pipeline Transportation market are given in terms of sales volume (K units) and revenue (million USD), with data from the past and the future for the years 2017 to 2030, with 2022 as the base year. This report describes in detail the different parts of the global Oil Pipeline Transportation market. Regional market sizes are also given for each product type, each application, and each player. When figuring out how big the market was, we took COVID-19 and other global crises into account.
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Segment Analysis
It encompasses the most important key players in the world’s various regions and contains them. In this research report, several different techniques that high-level industries have utilised to achieve their goals are discussed. In order to obtain a more in-depth analysis of a number of different businesses, player profiles of the most important top players have been developed. It is beneficial to have an understanding of the worldwide competition on both the domestic and international platforms.
It provides a detailed description of the drivers and opportunities in the Oil Pipeline Transportation Market, which assists current customers and potential customers in gaining a clear vision and making decisions that are most effective for them. In order to discover the desired facts regarding the target market, various types of analysis models, such as Oil Pipeline Transportation Market, are utilised. In addition to this, it includes a variety of different techniques for strategic planning, which encourages the way to define and develop the framework of the various industries.
Based on types, the Oil Pipeline Transportation Market is segmented into:
- Consulting Services
- Managed Services
Based on application, the Oil Pipeline Transportation Market is segmented into:
- Transportation Industry
- Refiners and Manufacturers
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Industry News
In October 2021, the U.S. Pipeline and Hazardous Materials Safety Administration (PHMSA) will look into research about how hydrogen affects transportation pipelines. The long-term goal of this research is to help reduce carbon emissions in industries like heavy transportation.
In September 2021, the Fuel Transportation Pipeline of Thailand said that it would send oil through the 576 km-long pipeline that is the longest in the country. The pipeline will carry 9 billion litres every year. Because of its special technology, the pipeline can carry aviation fuel, diesel, and gasoline all through the same channel.
By Region:
Geographically, the global Oil Pipeline Transportation market has been looked at in North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa (MEA).
Asia-Pacific is expected to grow the most during the forecast period, because China and India are using more crude oil. The region had a volume share of 42.6% in 2019 and is expected to grow at a CAGR of 65% from 2020 to 2022. This is because companies like Sinopec, Mocal Energy, National Oilwell Varco (NOV), Shell Chemicals Netherlands BV, and Reliance Industries Limited are investing more. Exploration and drilling are mostly done in coastal areas. The Asia-Pacific region should bring in $9.3 million in 2020 and $9.5 million in 2023.
Regional Oil Pipeline Transportation Market coverage (Regional Status, Demand Forecast, Country Trends, etc.):
- North America, Europe, China, Japan, Southeast Asia, India.
- North America (USA, Canada, and Mexico).
- Europe (Germany, France, UK, Russia and, Italy).
- Asia-Pacific (China, Japan, Korea, India and, Southeast Asia).
Key segments covered in Oil Pipeline Transportation Market include:
- Oil Pipeline Transportation Market Growth Drivers and Barriers.
- Market Trends, Market Opportunities, Porter’s Five Forces Analysis.
- Market Overview, Industry Development, Market Maturity, Value Chain Analysis.
- Regional and Country Level Analysis.
- Trends and Forecasts for Market Segments.
- Market Analysis and Various Recommendations.
- Key market forces.
Report Customization: This report will be customized to your needs for additional data up to 5 companies or 5 countries or nearly 40 analyst hours.
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Key Market Participants in the Oil Pipeline Transportation Market:
TC Energy Corp, Siemens, Schneider Electric, Rockwell Automation, Plains All American Pipeline LP, FMC Technologies, ESRI, Enterprise Products Partners LP, Energy Transfer Partners LP, Enbridge Inc., Emerson, Alcatel-Lucent, and others.
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