How Has The Pipeline Construction Market Size Evolved In Recent Years?
The pipeline construction market has seen considerable growth due to a variety of factors.
• Strong growth has been recorded in the pipeline construction market over the past few years. The market size, which stood at $49.97 billion in 2024, is projected to appreciate to $52.65 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 5.4%.
This impressive growth registered in the historical period, can be credited to factors such as the development and production of oil and gas resources, the soaring need for dependable, affordable, and safe infrastructure connectivity for transporting these resources, as well enhanced spending in pipeline ventures.
What is the Market Size Forecast for the Pipeline Construction Market?
The pipeline construction market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for pipeline construction is anticipated to experience substantial growth in the forthcoming years, expanding to $66.83 billion by 2029, with a compound annual growth rate (CAGR) of 6.1%.
Factors contributing to this growth during the forecast period include climate change initiatives, public sentiment and opposition, geopolitical stability, resource exploration, and energy transition policies. Technological advancements, the expansion of the oil and gas sector, emphasis on research and development, and incorporating automation and robotics are expected to be the significant trends in this projected period.
What Are the Critical Driver Fuelling the Pipeline Construction Market's Growth?
The booming demand for energy is propelling the pipeline construction market forward. This demand for energy comes from increasing wealth, urban development, and better availability of power. Industries that create energy depend on pipelines for the distribution of energy sources such as natural gas, propane, and gasoline. In the recent information provided by the Energy Institute LLC, a British chartered professional membership organization, in 2023, these energy sources accounted for 56% of all energy consumed. This growth was twice the global average rate of 2%. Consequently, the increasing demand for energy is expected to stimulate growth in the pipeline construction market.
What Are The Major Segments Within The Pipeline Construction Market?
The pipeline construction market covered in this report is segmented –
1) By Pipe Type: Metallic, Non-Metallic
2) By Equipment: Valves, Pipeline, Metering Skids, Compressor stations
3) By Operation: Transmission, Distribution
4) By Application: Liquid Pipeline, Gas Pipeline
5) By End User: Oil and Gas, Chemical, Water and Wastewater, Energy, Other End Users
Subsegments:
1) By Metallic: Steel Pipes, Copper Pipes, Aluminum Pipes, Other Metallic Pipes
2) By Non-Metallic: PVC Pipes, HDPE Pipes, FRP Pipes, Other Non-Metallic Pipes
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Which Trends Are Expected To Transform The Pipeline Construction Market?
The pipeline construction market is currently witnessing a significant trend in the form of product innovations. To fortify their market position, major players in this market are focusing on the creation of novel solutions. For instance, in November 2022, CYENS Centre of Excellence, a research and innovation center based in Cyprus, introduced the beta version of their innovative imaging/video pipeline-interface tool, DgiStreamer. This cutting-edge GUI (graphical user interface) software is a complete standalone pipeline builder, compatible with GStreamer and Deepstream. The software simplifies the pipeline construction process by offering a drag-and-drop functionality for linking different pipeline-building elements. It represents an improvement over existing options, being faster, easier to operate and capable of scaling to complex configuration types.
Who Are the Key Players in the Pipeline Construction Market?
Major companies operating in the pipeline construction market include:
• Energy Transfer LP
• Nippon Steel Corporation
• Enterprise Products Partners L.P.
• Enbridge lnc.
• Larsen & Toubro Ltd.
• Kinder Morgan Inc.
• Joint Stock Company Transneft
• Tenaris S.A
• Pembina Pipeline Corporation
• TechnipFMC plc
• TMK Group
• Primoris Services Corporation
• Enka Insaat ve Sanayi A.S.
• Ledcor Group
• Mott Macdonald Group Ltd.
• McDermott International Inc.
• Bonatti S.p.A.
• Spiecapag
• CRC-Evans Pipeline International Inc.
• Prosaic Steel & Alloys
• Gateway Pipeline LLC
• Pumpco Inc.
• Cogbill Construction LLC
• Sung IL Sim Co Ltd.
• Cecon Group
• Barnard Construction Company Inc.
• Metal Forge India
• CCI Leidingsystemen B.V.
• Yena Engineering B.V.
• Seonghwa Industrial Co Ltd.
• ChelPipe Group
• Shengli Oil & Gas Pipe Holdings Limited
• Sunland Construction Inc.
• Bechtel Corporation
• Snelson Companies Inc.
• TC Energy Corporation
What Is The Most Dominant Region In The Pipeline Construction Market?
North America was the largest region in the pipeline construction market share in 2024. The regions covered in the pipeline construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
