South America Oil & Gas Pipeline Market to Cross $4 Billion by 2022
Growing requirement for safe transfer of natural gas
and crude oil to drive demand for oil & gas pipelines in South America
through 2022
According to a recently published
TechSci Research report, “South America Oil & Gas Pipeline Market By Application, By Type, Competition Forecast &
Opportunities, 2012–2022”, the market of Oil & Gas
pipeline is anticipated to cross $4.11 Billion
by 2022. In South America, piped natural
gas garnered a share of 22.50% of total primary energy consumption in 2015 and
is likely to maintain its position in the coming years. Rapidly growing demand
for power generation, city gas distribution and from various process industries
are the major factors driving demand for LNG across the region. Nearly 60% of the total energy consumption of Brazil
is fulfilled by oil & gas. However, Brazil’s pipeline infrastructure is not
well developed. Moreover, in order to develop a safe and cheap mode of oil
& gas transportation, oil & gas pipeline infrastructure across South
America region is anticipated to expand further through the forecast period.
Browse 8 market data Tables and 39 Figures spread
through 82 Pages and an in-depth TOC on "MEA Oil & Gas Pipeline Market,
2012-2022"
https://www.techsciresearch.com/report/south-america-oil-gas-pipeline-market-by-application-midstream-downstream-upstream-by-type-saw-seamless-erw-polyethylene-composites-competition-forecast-and-opportunities/1026.html
SAW pipelines accounted for largest share in South
America oil & gas pipeline market in 2015, owing to rising demand for good
pipeline infrastructure across the region. For efficient distribution of
natural gas, distribution pipelines are expected to be installed across the
region in the coming years. Hence, fueling deployment of SAW pipelines in the
region through 2021. Midstream application dominated the oil & gas pipeline
market in South America region over the past few years and is anticipated to
continue dominating the market through the forecast period.
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“South America oil & gas pipeline
market is anticipated to witness major investments in natural gas pipeline
infrastructure in the coming years. This clear indicates rising preference of natural
gas as compared to crude oil in the region. Moreover, more than 80% of total
pipelines to be constructed during 2017-2022, are expected to be natural gas
pipelines. Hence, propelling growth in South America oil & gas pipeline
market through 2022”, said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“South America Oil
& Gas Pipeline Market By Application, By Type, Competition Forecast &
Opportunities, 2012–2022” has evaluated the future growth
potential of South America Oil
& Gas pipeline market and provides statistics and information on
market structure. The report is intended to provide cutting-edge market
intelligence and help decision makers take sound investment evaluation.
Besides, the report also identifies and analyzes emerging trends along with
essential drivers, challenges and trends available in South America Oil & Gas pipeline market.
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