PUBLISHER: Allied Market Research | PRODUCT CODE: 1108514
PUBLISHER: Allied Market Research | PRODUCT CODE: 1108514
The global pipeline construction market was valued at $45,712.0 million in 2021, and is projected to reach $73,051.5 million by 2031, registering a CAGR of 4.8% from 2022 to 2031. A pipeline construction is a system of pipes designed to transport fluids such as oil & gas, natural gas, water and waste water and other petroleum-based products over long distance in the underground. It can be divided into two types: liquids and gases. Both pipes have the same structure.
It has the application in oil & gas, chemical, energy and others. The increase in energy consumption for various businesses has been triggered by population growth in metropolitan regions as a result of migration. Demand for power, as well as oil, gas, and coal, has increased as a result of rising urbanization and industrialization. Because renewable energy is still in its early stages of development in many parts of the world, traditional fuels like oil, gas, and coal are used to create the bulk of electricity. Pipelines are the most cost-effective means of transportation for transporting these fuels across long distances. Increased offshore exploration efforts have resulted in a surge in pipeline infrastructure development, owing to rising energy consumption, which will drive the pipeline construction market demand throughout the forecast period.
The global smart air purifier market is segmented on the basis of pipe type, application, end user, and region. By pipe type, the market is categorized into metallic and non-metallic. The non-metallic segment dominated the global market, and is expected to maintain this trend throughout the coming years, owing to increase in demand for oil & gas consumption. On the basis of application, the market is fragmented into as liquid pipeline and gas pipeline. The gas pipeline segment is anticipated to dominate the global pipeline construction market throughout the forecast period. The end user segment is fragmented into oil & gas, water and wastewater, chemical energy and others. In 2021, the water and wastewater segment accounted for the highest market share, followed by the energy segment. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2021, Asia-Pacific was the highest contributor to the global pipeline construction market, and is expected to witness significant growth rate in the coming years.
The key players profiled in the pipeline construction market report include Metal Forge India, Prosaic Steel and Alloys, Forterra Inc., Cogbill Construction LLC, CCI Leidingsystemen B.V, Yena Engineering B.V., Enka Insaat Ve Sanayi, Larsen & Turbo Limited, Seonghwa Industrial Co Ltd, Sung il sim co ltd.
Key Benefits For Stakeholders
By Pipe Type
By Application
By End User
By Region