Crude Oil Pipeline Transport Global Market Report 2024

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Global Crude Oil Pipeline Transport Market Report 2024

Crude Oil Pipeline Transport Global Market Report 2024 – By Pipeline Type (Gathering pipeline, Transmission pipeline, Distribution pipeline, Feeder pipeline), By Solutions (Security Solutions, Automation and Control, Integrity and Tracking Solution, Network Communication Solutions, Other Solutions), By Location of Deployment (Onshore, Offshore), By Service (Consulting Services, Managed Services, Maintenance and Support) – Market Size, Trends, And Global Forecast 2024-2033

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Crude Oil Pipeline Transport Global Market Report 2023

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Crude Oil Pipeline Transport Market Definition And Segments

Crude oil pipeline transport refers to the long-distance transportation of crude oil through a network of pipelines from nearby or distant oil wells to oil tankers to provide the cheapest, safest, and most environmentally friendly mode of transportation. Crude oil is a mixture of hydrocarbons that naturally occurs as a liquid and is used as transportation fuel.

The main types of pipelines used in crude oil pipeline transport are gathering pipeline, transmission pipeline, distribution pipeline, and feeder pipeline. Gathering pipelines, also known as collecting pipelines, refer to a type of pipeline that transports gases and liquids from a resource's origin, such as deep-sea rock formations, to a processing plant, refinery, or transmission line. It provides various solutions, including security solutions, automation and control, integrity and tracking solutions, network communication solutions, and others. These can be deployed in onshore and offshore locations, that included consulting services, managed services, and maintenance and support.

The crude oil pipeline transport market covered in this report is segmented –

1) By Pipeline Type: Gathering pipeline, Transmission pipeline, Distribution pipeline, Feeder pipeline

2) By Solutions: Security Solutions, Automation and Control, Integrity and Tracking Solution, Network Communication Solutions, Other Solutions

3) By Location of Deployment: Onshore, Offshore

4) By Service: Consulting Services, Managed Services, Maintenance and Support

The crude oil pipeline transport market size has grown strongly in recent years. It will grow from $69.32 billion in 2023 to $74.47 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to global energy demand and consumption, geopolitical factors and oil supply chains, economic growth and industrialization, stable and predictable transportation costs, strategic energy security initiatives.

The crude oil pipeline transport market size is expected to see strong growth in the next few years. It will grow to $99.29 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to continued global energy demand growth, expansion of oil exploration and production, shifts in global oil trade dynamics, environmental and regulatory considerations, investments in pipeline infrastructure projects. Major trends in the forecast period include government regulations and compliance, remote monitoring and control systems, pipeline security measures, technological innovations in leak detection, collaboration and partnerships in the industry.

Surging Oil And Gas Demand Drives Expansion In Crude Oil Pipeline Transport Market

The surge in the demand for oil and gas is expected to propel the growth of the crude oil pipeline transport market going forward. Oil and gas are the fossil fuels in their liquid and gaseous states, respectively, that are used in various industries such as transportation, insulation, plastic, clothing, furniture, food, and automation. Due to its safety and low maintenance cost, pipeline transportation is considered to be one of the most commonly used ways for transportation of crude oil and gases from nearby or far oil wells to oil tankers. For instance, in March 2023, according to the US Energy Information Administration, a US-based federal statistical system for gathering, processing, and disseminating energy data, there is an increase in U.S. crude oil output to 12.4 million b/d in 2023 from the record high of 11.7 million b/d in 2022. Furthermore, in September 2022, the US consumed an average of 86.6 billion cubic feet of natural gas per day (Bcf/d) in 2022, the highest annual consumption of natural gas in the U.S. as compared to the previous year. Therefore, a surge in the demand for oil and gas is anticipated to fuel the crude oil pipeline transportation market.

The Role Of Infrastructure Investment In Propelling Crude Oil Pipeline Transport Market Growth

The increasing investment in infrastructure is expected to propel the growth of the crude oil pipeline transport market going forward. Infrastructure refers to the underlying systems and structures that must exist in order for a society, economy, or organization to operate. Crude oil pipelines stand out as a crucial component of this evolving infrastructure, providing a reliable and environmentally advantageous method for transporting large volumes of oil across vast distances. For instance, in May 2023, according to the Office for National Statistics, a UK-based government department, UK general government infrastructure spending increased by 15.2% in 2021 and reached $23.8 billion. Therefore, the increasing investment in infrastructure is driving the growth of the crude oil pipeline transport market.

Major companies operating in the crude oil pipeline transport market report are ABB Ltd., Alcatel-Lucent Enterprise, Emerson Electric Co., TechnipFMC PLC, Schneider Electric SE, Environmental Systems Research Institute Inc. (ESRI), Rockwell Automation Inc., Siemens Energy AG, Trimble Inc., Alstom SA, John Wood Group PLC, Tenaris S.A., TMK Group, ChelPipe Group, Huawei Technologies Co Ltd., Honeywell International Inc., TC Energy Corporation, Enbridge Inc., Kinder Morgan Inc., Magellan Midstream Partners LP, Phillips 66 Partners LP, Enterprise Products Partners LP, Marathon Petroleum Corp., Colonial Pipeline Co., Explorer Pipeline Co., Plains GP Holdings LP, Western Refining Logistics LP, Delek Logistics Partners LP, SemGroup Corp., Targa Resources Corp., Williams Cos. Inc., Dominion Energy Inc. .

Crude Oil Pipeline Transport Market Adopts Advanced Technologies For Enhanced Efficiency

Technological advancements have emerged as a key trend gaining popularity in the crude oil pipeline transport market. Major players operating in the crude oil transport market are concentrating their efforts on creating innovative technologies to strengthen their position in the market. For instance, in November 2021, Schneider Electric SE, a France-based oil pipeline company, partnered with Prisma Photonics, an Israel-based company operating in designing and manufacturing fiber sensing for oil and gas infrastructure, introduced the PrismaFlow with the integration of real-time intelligence and precise monitoring to prevent accidental and malicious activity, which enhances efficiency and sustainability in energy transportation via pipelines and avoids resource loss. PrismaFlow is a pipeline monitoring solution made up of both hardware and software, significantly lowering positive and negative false alarm rates as compared to other fiber-sensing technology. PrismaFlow offers improved event classification and detection with a precision of less than 10m and can recognize multiple simultaneous events without interference or crosstalk.

Pipeline Monitoring System Gaining Traction In The Market

Major companies operating in the crude oil pipeline transport market are focusing on pipeline monitoring system to gain a competitive edge in the market. A pipeline monitoring system in crude oil pipeline transport employs advanced sensors and technology to continuously monitor and ensure the integrity, safety, and efficient operation of the pipeline, detecting potential issues and preventing incidents. For instance, in March 2023, Eni S.p.A., an Italy-based Oil industry company launched Eni Vibroacoustic Pipeline Monitoring System (E-VPMS). E-VPMS is a proprietary technology developed for continuous real-time monitoring of oil and gas pipelines. It uses vibroacoustic wave detection technology to monitor both fluid behavior within the pipe and acoustic waves traveling along the pipe wall. It contains multiple sensors at discrete distances along the pipeline. It is used on block valve stations for buried pipelines, and for transporting crude oil, refined products, and injection water. It has alarms to transmit to operations teams in real time to notify them of incidents and events.

Energy Transfer LP Bolsters Midstream Capabilities With Acquisition Of Enable Midstream Partners LP

In December 2021, Energy Transfer LP, a US-based company engaged in natural gas and propane pipeline transport, acquired Enable Midstream Partners LP for an undisclosed amount. Through this acquisition, Energy Transfer LP aims to improve its midstream and gas transportation systems and strengthen its petroleum processing and collection capabilities in the US. Enable Midstream Partners LP is a US-based pipeline company with gathering, processing, transportation and storage assets for natural gas, crude oil, condensate, and produced water.

North America was the largest region in the crude oil pipeline transport market in 2023. Asia-Pacific is expected to be the fastest-growing region in the crude oil pipeline transport market report during the forecast period. The regions covered in the crude oil pipeline transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the crude oil pipeline transport market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The crude oil pipeline transport market includes revenues earned by entities by providing cathodic protection facility, oil storage facility, pumping facility, reception facility, operational control and monitoring system, and more. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The crude oil pipeline transport market research report is one of a series of new reports from The Business Research Company that provides crude oil pipeline transport market statistics, including crude oil pipeline transport industry global market size, regional shares, competitors with a crude oil pipeline transport market share, detailed crude oil pipeline transport market segments, market trends and opportunities, and any further data you may need to thrive in the crude oil pipeline transport industry. This crude oil pipeline transport market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Crude Oil Pipeline Transport Market Report Scope

Report Attribute	Details
Market Size Value In 2024	$74.47 billion
Revenue Forecast In 2033	$99.29 billion
Growth Rate	CAGR of 7.5% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	1) By Pipeline Type: Gathering pipeline, Transmission pipeline, Distribution pipeline, Feeder pipeline 2) By Solutions: Security Solutions, Automation and Control, Integrity and Tracking Solution, Network Communication Solutions, Other Solutions 3) By Location of Deployment: Onshore, Offshore 4) By Service: Consulting Services, Managed Services, Maintenance and Support
Regional Scope	Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope	Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
Key Companies Profiled	ABB Ltd.; Alcatel-Lucent Enterprise; Emerson Electric Co.; TechnipFMC PLC; Schneider Electric SE; Environmental Systems Research Institute Inc. (ESRI); Rockwell Automation Inc.; Siemens Energy AG; Trimble Inc.; Alstom SA; John Wood Group PLC; Tenaris S.A.; TMK Group; ChelPipe Group; Huawei Technologies Co Ltd.; Honeywell International Inc.; TC Energy Corporation; Enbridge Inc.; Kinder Morgan Inc.; Magellan Midstream Partners LP; Phillips 66 Partners LP; Enterprise Products Partners LP; Marathon Petroleum Corp.; Colonial Pipeline Co.; Explorer Pipeline Co.; Plains GP Holdings LP; Western Refining Logistics LP; Delek Logistics Partners LP; SemGroup Corp.; Targa Resources Corp.; Williams Cos. Inc.; Dominion Energy Inc.
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

Table Of Contents

1. Executive Summary

2. Crude Oil Pipeline Market Characteristics

3. Crude Oil Pipeline Market Trends And Strategies

4. Crude Oil Pipeline Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market

4.2. Ukraine-Russia War Impact On the Market

4.3. COVID-19 Impact On the Market

5. Global Crude Oil Pipeline Market Size and Growth

5.1. Global Crude Oil Pipeline Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Crude Oil Pipeline Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Crude Oil Pipeline Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Crude Oil Pipeline Market Segmentation

6.1. Global Crude Oil Pipeline Market, Segmentation By Pipeline Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Gathering pipeline

Transmission pipeline

Distribution pipeline

Feeder pipeline

6.2. Global Crude Oil Pipeline Market, Segmentation By Solutions, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Security Solutions

Automation and Control

Integrity and Tracking Solution

Network Communication Solutions

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Frequently Asked Questions

What is the definition of the crude oil pipeline transport market?

How will the crude oil pipeline transport market drivers and restraints affect the crude oil pipeline transport market dynamics? What forces will shape the crude oil pipeline transport industry going forward?

The crude oil pipeline transport market major growth driver - surging oil and gas demand drives expansion in crude oil pipeline transport market. For further insights on the crude oil pipeline transport market, request a sample here

What is the forecast market size or the forecast market value of the crude oil pipeline transport market ?

The crude oil pipeline transport market size has grown strongly in recent years. It will grow from $69.32 billion in 2023 to $74.47 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to global energy demand and consumption, geopolitical factors and oil supply chains, economic growth and industrialization, stable and predictable transportation costs, strategic energy security initiatives.. The crude oil pipeline transport market size is expected to see strong growth in the next few years. It will grow to $99.29 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to continued global energy demand growth, expansion of oil exploration and production, shifts in global oil trade dynamics, environmental and regulatory considerations, investments in pipeline infrastructure projects.. Major trends in the forecast period include government regulations and compliance, remote monitoring and control systems, pipeline security measures, technological innovations in leak detection, collaboration and partnerships in the industry.. For further insights on the crude oil pipeline transport market, request a sample here

How is the crude oil pipeline transport market segmented?

The crude oil pipeline transport market is segmented
1) By Pipeline Type: Gathering pipeline, Transmission pipeline, Distribution pipeline, Feeder pipeline
2) By Solutions: Security Solutions, Automation and Control, Integrity and Tracking Solution, Network Communication Solutions, Other Solutions
3) By Location of Deployment: Onshore, Offshore
4) By Service: Consulting Services, Managed Services, Maintenance and SupportFor further insights on the crude oil pipeline transport market, request a sample here

Which region has the largest share of the crude oil pipeline transport market? What are the other regions covered in the report?

North America was the largest region in the crude oil pipeline transport market in 2023. Asia-Pacific is expected to be the fastest-growing region in the crude oil pipeline transport market report during the forecast period. The regions covered in the crude oil pipeline transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa For further insights on the crude oil pipeline transport market, request a sample here.

Who are the major players in the crude oil pipeline transport market?

What are the key trends in the crude oil pipeline transport market?

Major trend in the crude oil pipeline transport market - crude oil pipeline transport market adopts advanced technologies for enhanced efficiency. For further insights on the crude oil pipeline transport market, request a sample here.

What are the major opportunities in the crude oil pipeline transport market? What are the strategies for the crude oil pipeline transport market?

For detailed insights on the major opportunities and strategies in the crude oil pipeline transport market, request a sample here.

How does the crude oil pipeline transport market relate to the overall economy and other similar markets?

For detailed insights on crude oil pipeline transport market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the crude oil pipeline transport industry?

For detailed insights on the mergers and acquisitions in the crude oil pipeline transport industry, request a sample here.

What are the key dynamics influencing the crude oil pipeline transport market growth? SWOT analysis of the crude oil pipeline transport market.

For detailed insights on the key dynamics influencing the crude oil pipeline transport market growth and SWOT analysis of the crude oil pipeline transport industry, request a sample here.