North America Oil & Gas Pipeline Market is expected to grow with a CAGR of 7.01% through to 2028
Supportive regulatory frameworks and policy
initiatives are expected to drive the North America Oil & Gas Pipeline
Market growth in the forecast period, 2024-2028.
According to TechSci Research report, “North
America Oil & Gas Pipeline Market - By Country, Competition, Forecast and
Opportunities, 2018-2028”, the North America Oil & Gas Pipeline Market is
expected to register a robust during the forecast period, 2024-2028. The
growing demand for energy, driven by population growth, industrial expansion,
and urbanization, is a significant driver of the Oil & Gas Pipeline Market
in North America. As the region continues to be a major player in global energy
production, the need for efficient and reliable transportation of oil and gas
from extraction points to refineries and end-users is on the rise. The
development of unconventional resources, such as shale oil and gas, has further
intensified the demand for pipelines to accommodate increased production
levels. The increasing demand for natural gas, driven by its
cleaner profile compared to other fossil fuels, presents a significant
opportunity for the expansion of natural gas pipeline infrastructure. With the
abundance of shale gas resources in North America, particularly in the United
States and Canada, there is a need for new pipelines to transport natural gas
from production basins to distribution centers and export terminals. This
includes both domestic consumption and the growing role of North America as a major
exporter of liquefied natural gas (LNG).
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Based on source, Upstream segment has emerged as the
predominant market leader. Regulatory approvals and environmental considerations play a pivotal
role in upstream activities and pipeline development. The analysis should encompass
an assessment of the regulatory landscape, permit acquisition processes, and
compliance with environmental standards. Changes in regulations, particularly
those related to safety measures, emissions, and land use, can significantly
impact the feasibility and timeline of upstream projects. Public sentiment and
community engagement also influence regulatory outcomes, especially in regions
where there is opposition to upstream activities. Social and environmental
responsibility is increasingly becoming a key factor in project approvals,
making it imperative for companies to address these concerns in their upstream
strategies. The upstream segment analysis should take into account market
dynamics and economic factors that influence oil and gas prices. Fluctuations
in commodity prices can impact the profitability of upstream projects,
affecting investment decisions and, consequently, the demand for pipeline
infrastructure. Economic indicators, geopolitical events, and global energy
market trends are crucial factors to consider when assessing the economic
viability of upstream activities and their implications for the pipeline
market. The upstream segment is continually evolving with advancements in
technology. Innovations in drilling technologies, data analytics, and reservoir
management impact the efficiency and productivity of upstream operations. The
adoption of digital technologies for real-time monitoring and control enhances
the overall performance of upstream activities, influencing the design and operation
of associated pipeline infrastructure.
Based on type, Natural Gas Pipeline segment is
expected to grow during the forecast period. Environmental considerations,
including efforts to reduce greenhouse gas emissions, play a significant role
in shaping the natural gas pipeline segment. Natural gas is often considered a
transitional fuel with lower carbon emissions compared to other fossil fuels.
The analysis should include an examination of regulatory measures, emission
reduction initiatives, and the role of natural gas in achieving sustainability goals.
Environmental concerns related to methane emissions during production and
transportation are also critical factors to consider. Advancements in pipeline
technologies contribute to the efficiency and safety of natural gas
transportation. The analysis should encompass innovations such as smart
sensors, leak detection systems, and pipeline monitoring technologies that
enhance the integrity and reliability of the natural gas pipeline
infrastructure. Additionally, the adoption of digital solutions for real-time
data analysis and control improves the overall performance of natural gas
pipelines. The natural gas pipeline segment is subject to regulatory frameworks
that govern safety, environmental protection, and market competition.
Understanding the regulatory landscape, including permit acquisition processes
and compliance requirements, is crucial for pipeline operators. Changes in
regulations, especially those related to emissions, pipeline integrity, and
safety standards, can impact the development and operation of natural gas
pipelines. In conclusion, the analysis of the natural gas pipeline segment in
the North America Oil & Gas Pipeline Market should consider the growing
demand for natural gas, the influence of the shale gas revolution, the interconnected
nature of pipeline networks, the development of LNG export infrastructure,
environmental considerations, technological advancements, and the regulatory
landscape. These factors collectively shape the dynamics of the natural gas
pipeline segment, providing stakeholders with valuable insights into the
opportunities and challenges within this specific segment of the oil and gas
industry.
Major companies operating in North America Oil &
Gas Pipeline Market are:
- TC Energy Corporation
- Enbridge Inc.
- Kinder Morgan Inc.
- Energy Transfer LP
- Williams Companies Inc.
- ONEOK Inc.
- Plains All American Pipeline, L.P.
- Magellan Midstream Partners, L.P.
- Sempra Energy
- Columbia Pipeline Group
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“United States is expected to dominate the market
during the forecast period. The U.S. is a significant player in the global energy
market, and its pipeline infrastructure plays a key role in facilitating
international trade. Analyzing the connectivity of pipelines to export
terminals, especially for liquefied natural gas (LNG) and crude oil, provides
insights into the country's position in the global energy landscape.,” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“North
America Oil & Gas Pipeline Market Segmented By Type (Crude Oil Pipeline and
Natural Gas Pipeline), By Application (Offshore and Onshore), By Source
(Upstream, Midstream and Downstream), By Country, By Competition Forecast &
Opportunities, 2018-2028”, has evaluated the future growth potential
of North America Oil & Gas Pipeline Market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in North America Oil & Gas Pipeline Market.
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