Market Overview:

The Global Oil Pipeline Transportation Market Was Valued At From USD 65 Million In 2022, And Is Projected To Reach At USD 115.92 Million By 2030 With CAGR Of 7.5% During The Forecast Period.

Pipeline transportation is a way to move products over long distances that are solid, liquid, or gaseous. This type of transport is mostly used to move crude and refined petroleum products, like oil and natural gas. But sometimes solids can be moved through pipelines as well. Pipeline transportation has many benefits, such as being flexible, fully automating loading and unloading, having low operating costs, and being good for the environment. Pipelines are the best way for goods to move in only one direction, and inflation has little effect on transportation costs. All of these things are driving the market for pipeline transportation, which is expected to grow quickly. The biggest safety concern comes up when pipelines carry things like natural gas or oil that can catch fire or explode.

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.

COVID-19 Impact:

The COVID-19 outbreak is making it harder for many people to buy oil and gas pipelines. During the pandemic, companies' financial situations have gotten worse. Most of the oil and gas pipeline deals had to be put off because the governments locked down the markets. The U.S. and India were the two countries that were hurt the most. The amount of electricity these countries used went down. Gas use in these countries was also affected by lockdowns.

The COVID-19 pandemic has hurt the growth of the oil and gas pipeline market around the world. Key players in the oil and gas industry are having trouble with things like falling demand, making sure employees are safe and the business is strong, and price wars for oil. They need to focus on building a flexible business that can lead to long-term flexibility as the world comes out of the Covid-19 crisis.

The COVID-19 pandemic has shut down factories, which has caused problems in the supply chain. Companies in the market will have trouble running at full capacity if they can't get enough raw materials.

Market Dynamics:

Market Trends:

Migration has caused a huge increase in the number of people living in cities, which has led to a rise in the demand for energy from many different sectors. Urbanization and industrialization have made more people live in cities and use more oil, gas, and coal to make electricity. In many parts of the world, renewable energy is still in its early stages, so most power comes from traditional fuels like oil, gas, and coal. Pipelines are the most cost-effective way to move these fuels over long distances, so they are needed to move them. Because of the high demand for energy, more offshore exploration has led to more pipeline infrastructure being built. This has made it more important to find solutions and services for pipeline transport.

The International Energy Agency said in a report that came out in July 2021 that the amount of energy needed is much more than what can be made from renewable sources. This makes more people use conventional fuels, which leads to more money being spent on pipeline infrastructure.

Driving Factors:

• Amplified Regulations for Oil Pipelines

As the need for oil and gas has grown, pipeline distribution and transmission systems have gotten a lot more attention. The fast pace of building has also caused a number of pipeline accidents that have never happened before. This has made laws and rules even stricter.

The Pipeline and Hazardous Materials Safety Administration (PHMSA), the National Energy Board (NEB), and the Petroleum and Natural Gas Regulatory Board are just a few of the agencies around the world that set rules and policies for pipelines to make sure they work well and keep people safe. Because these rules are hard to keep up with and change all the time, they need more help, which makes consulting and managed services even more important.

• Rising Adoption of Natural Gas

Since people are becoming more concerned about reducing carbon emissions and can't get all their energy from renewable sources, the focus has shifted to natural gas. Natural gas is being used more and more in cars and homes for heating and cooking. Because of this, there is now a need for good distribution pipelines.

The Natural Gas Vehicle (NGV) Association says that as of December 2019, there are 28,540,819 natural gas vehicles in the world and 33,383 places to fill them up. The U.S. Energy Information Administration (EIA) says that more than half of all homes in the country use natural gas to heat their homes.

Restraints/Challenges:

• Growing Use of Renewable Energy

The growing need for cleaner energy led to a huge increase in the use of solar, wind, and other forms of energy around the world. Europe is putting a lot of effort into building up its renewable energy capacity. Because of this, less money has been put into developing infrastructure and the crude oil industry. This is likely to slow the growth of the pipeline transportation market. The International Monetary Fund (IMF) says that big companies have put less money into building oil infrastructure. Since oil reserves were used up so quickly, capital spending has gone down and oil reserves have not been replaced as quickly.

• Growing Concerns about Pipeline Transportation Safety 

Pipelines are being used more and more to move oil and gas, which has led to more leaks, spills, and other environmental damage caused by corrosion or broken equipment. So that this doesn't happen as often, new technologies are being made, like fiber optic cables that send information back from sensors on the pipe to find problems before they happen. Other methods being looked into include ways to keep an eye on the internal pressure, temperature, and flow rates. This helps figure out if a problem is starting to happen and can allow some kind of fix (like rerouting around a possible leak) without turning off the whole line. Lastly, high-tech materials are being made that are stronger and last longer while being less likely to rust, which can cut down on the number of leaks.

Opportunities:

• Flourishing Oil and Gas Pipeline Demand by Increasing Energy Demand

Migration has caused an increase in the number of people living in cities, which has led to a rise in the demand for energy from many different sectors. As cities and factories have grown, so has the demand for electricity, oil, gas, and coal, which has helped the pipeline transportation market. In many parts of the world, renewable energy is still in its early stages, so most of the world's power comes from oil, gas, and coal. Pipelines are the most cost-effective way to move these fuels over long distances, so they are used to do so. Due to the high demand for energy, more offshore exploration has led to more pipeline infrastructure development. This has made more people want solutions and services for pipeline transportation. According to a report from the International Energy Agency that came out in July 2021, the world needs a lot more energy than renewable resources can provide. This makes more conventional fuels be used, which costs more money for pipeline infrastructure.

• Growing Oil & Gas Trade Across Nations Swiftly to Improve Market

Because industries around the world have grown so quickly in the past few years, there has been a big increase in the need for energy. Because of this, the way oil is made has changed. Most of the oil and gas reserves are only in a few places, such as the OPEC countries. Other countries depend on oil and gas trade with these countries. Because of this, there is now a bigger need for safe and reliable ways to move oil and gas across continents. Even though ships are often used to move oil and gas across continents, pipelines are still the most popular way to move goods because they are the most affordable. The market is growing because of this strong trend. A press release said that the gas-in process for the first string of the Nord Stream 2 pipeline would be done on October 18, 2021. The pipeline was said to be ready to carry gas. The Nord Stream 2 runs from Russia to Germany through the Baltic Sea and is over 1,230 kilometers long.

Strategic Development:

• In October 2021 - The U.S. Pipeline and Hazardous Materials Safety Administration (PHMSA) will look into research on how hydrogen affects transportation pipelines. The long-term goal of this research is to help decarbonize industries like heavy transportation.
• In September 2021 - The Fuel Transportation Pipeline of Thailand said it would send oil through the 576 km-long pipeline that is the longest in the country. The pipeline will move 9 billion liters of liquid each year. Because of its unique technology, the pipeline can carry jet fuel, diesel, and gasoline all through the same channel.
• In June 2022 - GAIL (India) Ltd. gave Kalpataru Power Transmission Limited (KPTL) the contract to lay and build a steel gas pipeline, terminals, and other facilities for Section II of the Mumbai-Nagpur Pipeline Project (Part A).
• In December 2022 - The Brazilian state development bank BNDES gave Argentina USD 689 million to pay for the second stage of a natural gas pipeline in the Vaca Muerta shale region.

Key Vendors:

Top market players are

• TC Energy Corp

TC Energy Corporation (TC Energy) is a company that builds and runs energy infrastructure. It builds and runs energy infrastructure like pipelines for natural gas and liquids, power plants, and gas storage facilities. The company also offers services related to gas storage and is in the business of both regulated and non-regulated natural gas storage.

• Siemens

Siemens is a company that makes technology for industry, infrastructure, transportation, and healthcare. From factories that use less energy and materials, to supply chains that are more reliable, to smarter buildings and grids, to cleaner and more comfortable transportation, and even to better health care, the company makes technology that serves a purpose and gives customers real value.

• Schneider Electric

Schneider Electric SE (Schneider Electric), which used to be called Schneider Electric SA, is a company that develops technologies and solutions for distributing electricity. Its main business is energy management and automation. Its main products are automation and control products, low voltage products and systems, solar and energy storage, medium voltage distribution and grid automation, and critical power, cooling, and racks.

• Rockwell Automation

Rockwell Automation Inc. (Rockwell) is a company that makes systems for power, control, and information in the industrial automation field. The company offers connected components, midrange architecture systems, asset and consultancy management, engineered packages and panels integration, front-end engineering and design, integration services, manufacturing intelligence, and on-machine solutions.

• Plains All American Pipeline LP

Plains All American Pipeline LP (PAAP) is a midstream energy company that is owned by Plains GP Holdings LP. It owns and runs the transportation and terminalling systems, stores crude oil and refined petroleum products, and sells them.

• FMC Technologies

FMC Technologies Ltd. makes and sells equipment for industrial technology. The company sells subsea production and processing systems, surface wellhead systems, high pressure fluid control equipment, measurement solutions, and marine loading systems.

• Enterprise Products Partners LP

Enterprise Products Partners LP (Enterprise Products) offers energy services in the middle of the energy supply chain. The company's services include gathering, treating, processing, transporting, and storing natural gas. It also transports natural gas liquids (NGL), fractionates them, stores them, and has import and export terminals. It gathers crude oil, transports it, and stores it. It also transports petrochemical and refined products, stores them, and has export and import terminals.

• Energy Transfer Partners LP

Energy Transfer Operating, L.P. owns and runs a portfolio of energy assets that are different from one another. The company sells liquid, crude oil, and refined products, as well as midstream natural gas and liquids. It also offers transportation and storage services.

• Enbridge Inc.

Enbridge Inc. (Enbridge) is a company that deals with all kinds of energy. It processes, gathers, transports, and distributes natural gas. It also moves crude oil and sells petroleum products. The company also makes and sends electricity and has stakes in renewable and alternative energy projects like wind, solar, and geothermal energy, as well as a portfolio of offshore wind projects.

• Emerson

Emerson Electric Co. (Emerson) gives customers in the commercial, industrial, and residential markets new ways to do things. The company sells things like measuring and analytical instruments, industrial valves, equipment, process control software and systems, fluid control, pneumatic mechanisms, electrical distribution equipment, and pneumatic products, among other things.

• Alcatel-Lucent

Emerson EleAlcatel-Lucent SA works with telecommunications companies and Internet service and data providers to help them with their communication needs. It creates new technologies, applications, and services and puts them all together to offer new ways to communicate around the world. Electric Co. (Emerson) offers customers in the commercial, industrial, and residential markets new ways to do things.

Segmentation Analysis:

The market is segmented on the basis of type, solution, service, application and region.

By Type Outlook:

Transmission pipelines, distribution pipelines, and gathering pipelines are the three main types of pipelines used for transportation. Transmission pipelines are used to move oil, gas, coal, water, and other fuels over very long distances, like from one plant to another or even from one country to another.

Liquids are sent to the end users through the distribution pipelines. Gathering pipelines are needed to get the fluids to where they will be processed or sent. Length-wise, these types of pipelines are less useful than transmission pipelines.

• Transmission Pipeline
• Distribution Pipeline
• Gathering Pipeline

By Solution:

Based on the type of solution, the pipeline transportation market is divided into automation and control, security solutions, integrity and tracking solutions, network communications, and others.

Automation and control solutions are a big part of how big pipelines can be run from far away, like when they send fuels between continents. Automation and control solutions are in high demand because of solutions like Supervisory Control and Data Accumulation (SCADA) and Optimization Solution.

Security solutions include video surveillance, intrusion detection, access control, fire and explosion safety, etc., to make sure that the pipeline transport is safe from problems like accidents and hackers. The integrity and tracking solutions include leak detection, solutions for pigging, batch tracking, and other ways to make sure that products move smoothly.

The network communication solutions include the installation and maintenance of optical fiber, microwave, and satellite systems used to manage communications between different parts and pipeline systems.

• Automation and Control
• Security Solutions
• Integrity and Tracking Solution
• Network Communication Solution
• Others

By Service:

The market is divided into maintenance and support services, managed services, and consulting services based on the type of service. To avoid pipeline failures and outages, maintenance must be done on time. This makes people want maintenance and support services even more.

Managed services use IT as an all-in-one service provider, meaning that all resources and solutions are outsourced. Since these services are still new, it is expected that they will grow quickly. Consulting services usually involve professionals in specific fields taking care of specific parts of a project.

• Maintenance & Support Services
• Managed Services
• Consulting Services

By Application Outlook:

Based on how they are used, the market is split into oil and gas, coal, water, and others.

With more oil and gas being made and traded between continents, more oil and gas pipeline projects are being built. The growth of this segment is being driven by the high demand for oil and gas pipelines. For example, in October 2021, it was said that the Nord Stream 2 pipeline, which is one of the longest in the world, would be ready to move gas.

Aside from coal slurry, the pipeline also moves water, chemicals, milk, refined petroleum products, and other liquids. People think that the pipeline is one of the least expensive ways to move liquids in terms of how much it costs to run.

• Oil & Gas
• Water
• Coal
• Others

Regional Insights:

The Global Negative Oil Pipeline Transportation market has been studied in North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa (MEA).

Due to growing demand for crude oil from China and India, Asia-Pacific is expected to grow the most over the next few years. In 2019, the region's volume share was 42.6%, and it 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. Most drilling and exploration is done near the coast. It is expected that the Asia-Pacific region will bring in $9.3 million in 2020 and $9.5 million in 2023.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Scope of Report:

Conclusion:

• The focus of the study is a global analysis of the Oil Pipeline Transportation Market, and the market size estimation includes the revenue generated by these products offered by various market participants.
• Additionally, the study monitors significant market factors, underlying growth influencers, and major sector participants.
• Additionally, the study investigates how COVID-19 has affected the ecology in general.
• The study's scope encompasses market size and forecasts for segmentation by type, form, flavor, end-use, distribution channel, and region.