According to a recent study titled ‘Oil Pipeline Infrastructure Market Size by Product (Crude Oil, Petroleum Product), By Application (Onshore, Offshore), By Operation (Transmission, Gathering), By Diameter { <8 Inch, >8-24 Inch, >24 Inch}) Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, UK, Germany, France, Russia, China, Australia, India, Malaysia, Indonesia, Angola, Nigeria, South Africa, Saudi Arabia, Iran, Iraq, Turkey, Brazil, Argentina), Price Trends, Competitive Market Share & Forecast, 2019 – 2025’ available with Market Study Report, the global oil pipeline infrastructure market is anticipated to exceed USD 135 billion by the year 2025.
 

The oil pipeline infrastructure market is poised for robust growth in the wake of bolstering international oil trade and rapid globalization. Surging requirement for replacement of aging infrastructure coupled with ongoing refurbishment projects will further aid the oil pipeline infrastructure market growth.
 

Burgeoning investment towards exploration & production (E&P) activities has led to the discovery of several potential fields. Taking an instance of 2018, several oil reserves were unearthed across the United States, Oman, Norway, and Cyprus, in which almost all the fields across Cyprus and Guyana were ultra-deep-water fields. This factor along with the need to ensure energy security will propel the growth of oil pipeline infrastructure market.
 

Regionally, the Middle East region is expected to offer lucrative growth opportunities to the oil pipeline infrastructure market. The rivalry among the key industry participants to tap maximum industry share would aid the Middle East oil pipeline infrastructure market growth. Major oil exporters like Qatar and Iran are expanding its pipelines in the direction of Europe for diversifying from Russian dominance. The significant oil pipelines such as Naeen-Rey pipeline (420 km) and Goureh-Jask pipeline (1,100 km) are expected to start operations by 2022, hence creating favorable business environment for industry participants.
 

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On the other hand, the U.S. oil pipeline infrastructure industry surpassed collective installation of approx. 450,000 km in 2018. Upgradation of drilling technologies and robust investment in infrastructure development are the key factors driving the regional market growth. Moreover, substantial offshore funding has led to increased rig count across the United States, thereby driving the oil pipeline infrastructure market.
 

The prominent contenders of oil pipeline infrastructure market are CRC Evans, Jindal Group, Welspun Corporation, Chelpipe, Europipe, Bechtel, National Oil Varco, Petrobras, CNPC, PetroChina, Pembina, Enbridge, Kinder Morgan, and TransCanada among others.