Middle East Oil & Gas Pipeline Market to be Dominated by Onshore Segment in the Forecast Period

Middle East Oil & Gas Pipeline Market is expected to grow due to growing technological advancements in the oil & gas sector and increasing demand for crude oil and natural gas during the forecast period.

According to TechSci Research report, “Middle East Oil & Gas Pipeline Market - By Country, Competition Forecast & Opportunities, 2018-2028,” the Middle East Oil & Gas Pipeline Market is expected to register robust growth during the forecast period, 2024-2028. The market is anticipated to be driven by elements like rising investments, expanding gas infrastructure development, and expanding desalination plant capacity over the forecast period. Saudi Arabia is also thought to have the fifth-largest shale gas reservoir in the entire world. The country has a strong chance of resembling North America's development of unconventional reserves.

Additionally, important improvements that affect the swift and secure flow of oil and gas have been brought about by the oil and gas industries' ongoing technological advancement. Natural gas pipes transport gas from stationary engines to a variety of locations, including homes or export plants. The raw material is assembled by the natural gas assembly system from manufacturing wells, and it is then transported by sizable transmission pipelines from machinery to ports and purifiers. Moreover, this procedure uses assembly systems.

By 2029, demand for natural gas is anticipated to rise to around 4,250 billion cubic meters, a 1.6% increase. As a result, it is anticipated that the network of natural gas pipelines would grow along with the increase in demand for natural gas. By 2030, natural gas is expected to be used more frequently than any other fuel, thanks to considerations including environmental advantages and the need for energy security, which is expected to grow the pipeline business. Due to the extraction of resources like shale deposits and mounting cost pressure, natural gas is being traded worldwide more frequently, which increases the demand for transportation and storage.

Browse over XX market data Figures spread through 80 Pages and an in-depth TOC on “ Middle East Oil & Gas Pipeline Market.”

The Middle East Oil & Gas Pipeline Market is divided into Type, Application, Sector, Country and Competitive landscape. Based on type, the market is divided into Crude Oil Pipeline, and Natural Gas Pipeline. Based on Application, the market is divided into Onshore and Offshore. Based on Sector, the market is divided into Upstream, Midstream, Downstream. Based on country, the market is segmented into Saudi Arabia, UAE, Qatar, Kuwait, Bahrain and Rest of Middle East.

Based on Type, the market is divided into Crude Oil Pipeline, Natural Gas Pipeline. Natural gas consumption substantially increased, reaching 3,822.8 billion cubic meters in 2020 as a result of rising natural gas demand in a number of sectors, including transportation and power generation. As a result of this trend, which is expected to continue in the foreseeable future, the infrastructure for gas pipelines is expected to expand significantly. Due to the benefits to the environment and the need for energy security, natural gas demand is predicted to climb the most among all fuel types by 2030.

Based on Source, the market is segmented into Upstream, Midstream, Downstream.  Throughout the forecast period, the upstream category will see significant growth as a result of the increased focus on asset management. It encourages risk management, resource efficiency, cheaper maintenance, and fewer safety accidents. Businesses employ machine learning, cutting-edge AI, and predictive analysis to improve their daily drilling and production processes. Their use in planning, forecasting, and asset management will also result in significant operational improvements.

Major market players in the Middle East Oil & Gas Pipeline Market are: -

         ·         Arabian Pipes Company

         ·         Rezayat Group

         ·         EEW Group

         ·         Sumitomo Corporation

         ·         Vallourec SA

         ·         Abu Dhabi Metal Pipes & Profiles Industries Complex LLC

         ·         Jindal SAW Ltd

         ·         ArcelorMittal

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“The market will be fueled by oil and gas firms investing more in digital technologies to increase worker productivity. The market is anticipated to be driven by elements like rising investments, expanding gas infrastructure development, and expanding desalination plant capacity over the forecast period. The significant analytical application developments in the O&G sector, together with a growing focus on reservoirs and production optimization, will propel market expansion due to which market is expected to grow in the future." said Mr. Karan Chechi, Research Director with TechSci Research, a research-based Global management consulting firm.

“Middle East Oil & Gas Pipeline Market– By Type (Crude Oil Pipeline, Natural Gas Pipeline), By Application (Onshore and Offshore), By Source (Upstream, Midstream, Downstream), By Country, Competition, Forecast and Opportunities, 2028,” has evaluated the future growth potential of Middle East 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 the Middle East Oil & Gas Pipeline Market.

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