Oil Pipeline Infrastructure Market Report offers in-depth analysis of the market size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and challenges.
In fact, according to Forbes, the International Energy Agency discovered that global oil demand has been rising by approximately 1.3 million barrels per day (b/d) annually for the last 50 years. Moreover, by 2025, the world would be utilizing approximately 3.2 million gallons of oil-based liquids every minute.
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Such a massive boost in consumption would require an equally adequate oil pipeline infrastructure to be able to fulfil the demand, warranting a rise in pipeline infrastructure investment which would invariably foster oil pipeline infrastructure market growth.
The Gap: According to a Forbes report, the region has witnessed a 140% growth in oil & 50% natural gas production since 2008. However, despite oil pipeline infrastructure across the U.S. exceeding the 450,000 kilometers, the midstream infrastructure responsible for transporting the new supply across the nation has struggled to keep up.
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The Demand: The considerable inadequacies of the oil pipeline infrastructure in the region creates a massive hurdle for the oil & gas industry when transporting oil across the nation. However, given the fact that pipelines are known to be one of the safest & most affordable methods of transporting energy, the industry is slated to boost investments and overcome the hurdle and facilitate oil pipeline infrastructure market growth in forthcoming years.
The Growth: As the aforementioned statistics reveal a strong correlation between a nation’s economic growth and its oil consumption, it is apparent that the APAC oil industry would be expanding at a significant pace in the years to come. Such large consumption demand would require a robust network of oil pipeline infrastructure – a factor that would foster the expansion of oil pipeline infrastructure market share.
Partial Table of Contents (ToC) of the report:
Chapter 4 Oil Pipeline Infrastructure Market, By Application
4.1 Oil pipeline infrastructure market share by application, 2018 & 2025
4.2.1 Global market from onshore, 2014 – 2025
4.2.2 Global market from onshore, by region, 2014 – 2025
4.3.1 Global market from offshore, 2014 – 2025
4.3.2 Global market from offshore, by region, 2014 – 2025
Chapter 5 Oil Pipeline Infrastructure Market, By Operation
5.1 Oil pipeline infrastructure market share by operation, 2018 & 2025
5.2.1 Global market from transmission, 2014 – 2025
5.2.2 Global market from transmission, by region, 2014 – 2025
5.3.1 Global market from gathering, 2014 – 2025
5.3.2 Global market from gathering, by region, 2014 – 2025
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The MVP: India is projected to emerge as one of the world’s largest consumers of petroleum products, especially crude oil. This prediction can be corroborated by the estimates published by the Indian Brand Equity Foundation which claims that India’s oil imports rose substantially to $87.37 billion during FY17-18 from the $70.72 billion it was during the FY16-17.Owing to such rapidly increasing volume of oil imports, India is expected to contribute significantly to the growth of the oil pipeline infrastructure market over the forecast timeframe.
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