DUBLIN--(BUSINESS WIRE)--The "Pipeline Construction Market By Pipe Type, By Application, By End User: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.
The global pipeline construction market was valued at $45,712.0 million in 2021, and is projected to reach $73,051.5 million by 2031, registering a CAGR of 4.8% from 2022 to 2031.
A pipeline construction is a system of pipes designed to transport fluids such as oil & gas, natural gas, water and waste water and other petroleum-based products over long distance in the underground. It can be divided into two types: liquids and gases. Both pipes have the same structure.
It has the application in oil & gas, chemical, energy and others. The increase in energy consumption for various businesses has been triggered by population growth in metropolitan regions as a result of migration. Demand for power, as well as oil, gas, and coal, has increased as a result of rising urbanization and industrialization.
Because renewable energy is still in its early stages of development in many parts of the world, traditional fuels like oil, gas, and coal are used to create the bulk of electricity. Pipelines are the most cost-effective means of transportation for transporting these fuels across long distances.
Increased offshore exploration efforts have resulted in a surge in pipeline infrastructure development, owing to rising energy consumption, which will drive the pipeline construction market demand throughout the forecast period.
The non-metallic segment dominated the global market, and is expected to maintain this trend throughout the coming years, owing to increase in demand for oil & gas consumption. On the basis of application, the market is fragmented into as liquid pipeline and gas pipeline. The gas pipeline segment is anticipated to dominate the global pipeline construction market throughout the forecast period.
In 2021, the water and wastewater segment accounted for the highest market share, followed by the energy segment. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2021, Asia-Pacific was the highest contributor to the global pipeline construction market, and is expected to witness significant growth rate in the coming years.
Key Benefits For Stakeholders
- The report provides an extensive analysis of the current and emerging global pipeline construction market trends and dynamics.
- In-depth market analysis is conducted by the global pipeline construction market estimations for key market segments between 2021 and 2031.
- The global pipeline construction market analysis is conducted by following key product positioning and monitoring of the top competitors within the market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
- The global pipeline construction market forecast analysis from 2022 to 2031 is included in the report.
- The key market players within market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the global pipeline construction industry.
Key Market Players
- Metal Forge India
- Prosaic Steel & Alloys
- Forterra Inc.
- Cogbill Construction LLC
- CCI Leidingsystemen B.V.
- Yena Engineering B.V.
- ENKA Insaat Ve Sanayi
- Larsen Toubro
- Seonghwa Industrial Co Ltd
- Sung IL Sim Co Ltd.
Key Market Segments
By Pipe Type
- Metallic
- Non-Metallic
By Application
- Liquid Pipeline
- Gas Pipeline
By End User
- Oil and Gas
- Chemical
- Water and Wastewater
- Energy
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Russia
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
For more information about this report visit https://www.researchandmarkets.com/r/v61cv
