DUBLIN--(BUSINESS WIRE)--The "Global Oil & Gas Pipeline Fabrication & Construction Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global crude oil and natural gas consumption registered a growth rate of 1.6% and 1.5% respectively.
Natural gas is a clean fuel and several large and small oil & gas consuming nations have registered a robust growth rate in natural gas consumption compared to crude oil, over the past few years. Large economies, such as France, Germany, the United Kingdom, Israel, Egypt, China, and India, have recorded CAGR of over 7.0% in 2016, for gas consumption.
In 2016, Asia-Pacific accounted for around 34% and 20% of crude oil and natural gas consumption respectively and is the largest segment of the oil & gas pipeline fabrication and construction market. In Asia-Pacific, India and China are expected to lead the market, as both the countries are planning to expand their pipeline networks, to meet the increasing demand for oil and gas. As of June 2017, China had 112,000 km of oil & gas pipeline and is expected to reach 240,000 km by 2025.
The United States is one of the largest consumers of crude oil and natural gas, accounting for around 20% of the global consumption. The country is planning to increase the share of natural gas in its energy mix. Several large inter-state natural gas pipeline networks have come online during the past few years. In 2016, the Federal Energy Regulatory Commission (FERC) recorded around 17.6 billion cubic feet per day (bcf/d) of new natural gas pipeline capacity. Till March 2017, more than 7.0 bcf/d was certified by FERC. The increasing oil & gas pipeline capacity in the United States is expected to boost the market.
- Snelson Companies Inc.
- Bechtel Corporation
- Pumpco Inc.
- Sunland Construction Inc.
- Shengli Oil & Gas Pipe Holdings Limited
- Gateway Pipeline LLC
- Ledcor Group
- Larsen & Toubro Limited
Key Topics Covered:
1. Executive Summary
2. Research Methodology
3. Market Overview
4. Market Dynamics
5. Value Chain Analysis
6. Industry Attractiveness - Porter's Five Forces Analysis
7. Regional Market Analysis
8. Key Company Analysis
9. Competitive Landscape
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