Global Oil & Gas Market to Exceed USD 61 Bn by 2022, Expects TechSci Research in Its New Report Recently Added at MarketPublishers.com23 Mar 2017 • by Natalie Aster
LONDON – Today, a huge network of pipelines is used to transport crude oil and natural gas from producing regions to different consumption centers. Road, sea and rail pipelines or a combination of these modes allow to transport a wide range of petroleum products, including diesel, petrol, ATF, LPG, heavy fuel oil, lube oils, naphtha and kerosene, amid others.
Due to decreasing oil prices globally, investments in oil and gas exploration and development of transportation infrastructure declined during the past few years. Thus, the world’s oil and gas pipeline market also experienced a marginal decline in terms of value between 2014 and 2016. But, with the stabilizing of the global prices for crude, expansion of gas distribution network and enhancing digitization in pipeline infrastructure, the world’s oil and gas pipeline market is poised to experience positive growth through the next 5 years. Other considerable market growth drivers include rising output from offshore fields, continuous innovations in exploration of unconventional energy resources and ongoing replacement of aging pipelines, amid others.
The worldwide market for oil and gas pipelines is predicted to go beyond the value of USD 61 billion by the year 2022.
As of the past year, the biggest market share belonged to APAC, and the region is predicted to take lead through 2022.
New research publication “Global Oil & Gas Pipeline Market By Application, By Type, By Region, Competition Forecast and Opportunities, 2012 - 2022” prepared by TechSci Research offers an all-round view of the global market as well as investigates the market performance and scenario across the key geographies. It uncovers trustworthy, updated statistics and sheds light on the market dynamics, growth drivers and limiters and also canvasses the prevailing trends.
Benefits of Buying This Report:
- get access to an in-depth analysis of the global oil and gas pipeline market;
- obtain access to reliable data on important market aspects;
- learn about the market performance across the major geographies;
- find valuable strategic recommendations;
- find out, how the market is set to develop through 2022;
- identify lucrative growth opportunities and also become aware of key challenges;
- delve into the competitive environment;
For other research studies by this publisher follow to the TechSci Research catalogue at MarketPublishers.com.