Overview and Scope
Crude oil pipeline transport refers to the long-distance transportation of crude oil through a network of pipelines from nearby or distant oil wells to oil tankers to provide the cheapest, safest, and most environmentally friendly mode of transportation. Crude oil is a mixture of hydrocarbons that naturally occurs as a liquid and is used as transportation fuel.
Sizing and Forecast
The crude oil pipeline transport market size has grown strongly in recent years. It will grow from $69.32 billion in 2023 to $74.47 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to global energy demand and consumption, geopolitical factors and oil supply chains, economic growth and industrialization, stable and predictable transportation costs, strategic energy security initiatives..
The crude oil pipeline transport market size is expected to see strong growth in the next few years. It will grow to $99.29 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to continued global energy demand growth, expansion of oil exploration and production, shifts in global oil trade dynamics, environmental and regulatory considerations, investments in pipeline infrastructure projects.. Major trends in the forecast period include government regulations and compliance, remote monitoring and control systems, pipeline security measures, technological innovations in leak detection, collaboration and partnerships in the industry..
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Segmentation & Regional Insights
The crude oil pipeline transport market covered in this report is segmented –
1) By Pipeline Type: Gathering pipeline, Transmission pipeline, Distribution pipeline, Feeder pipeline
2) By Solutions: Security Solutions, Automation and Control, Integrity and Tracking Solution, Network Communication Solutions, Other Solutions
3) By Location of Deployment: Onshore, Offshore
4) By Service: Consulting Services, Managed Services, Maintenance and Support
North America was the largest region in the crude oil pipeline transport market in 2023. Asia-Pacific is expected to be the fastest-growing region in the crude oil pipeline transport market report during the forecast period. The regions covered in the crude oil pipeline transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Major companies operating in the crude oil pipeline transport market report are ABB Ltd., Alcatel-Lucent Enterprise, Emerson Electric Co., TechnipFMC PLC, Schneider Electric SE, Environmental Systems Research Institute Inc. (ESRI), Rockwell Automation Inc., Siemens Energy AG, Trimble Inc., Alstom SA, John Wood Group PLC, Tenaris S.A., TMK Group, ChelPipe Group, Huawei Technologies Co Ltd., Honeywell International Inc., TC Energy Corporation, Enbridge Inc., Kinder Morgan Inc., Magellan Midstream Partners LP, Phillips 66 Partners LP, Enterprise Products Partners LP, Marathon Petroleum Corp., Colonial Pipeline Co., Explorer Pipeline Co., Plains GP Holdings LP, Western Refining Logistics LP, Delek Logistics Partners LP, SemGroup Corp., Targa Resources Corp., Williams Cos. Inc., Dominion Energy Inc. .
Key Industry Players
Major companies operating in the crude oil pipeline transport market are focusing on pipeline monitoring system to gain a competitive edge in the market. A pipeline monitoring system in crude oil pipeline transport employs advanced sensors and technology to continuously monitor and ensure the integrity, safety, and efficient operation of the pipeline, detecting potential issues and preventing incidents. For instance, in March 2023, Eni S.p.A., an Italy-based Oil industry company launched Eni Vibroacoustic Pipeline Monitoring System (E-VPMS). E-VPMS is a proprietary technology developed for continuous real-time monitoring of oil and gas pipelines. It uses vibroacoustic wave detection technology to monitor both fluid behavior within the pipe and acoustic waves traveling along the pipe wall. It contains multiple sensors at discrete distances along the pipeline. It is used on block valve stations for buried pipelines, and for transporting crude oil, refined products, and injection water. It has alarms to transmit to operations teams in real time to notify them of incidents and events.
The crude oil pipeline transport market report table of contents includes:
1. Executive Summary
2. Crude Oil Pipeline Market Characteristics
3. Crude Oil Pipeline Market Trends And Strategies
4. Crude Oil Pipeline Market – Macro Economic Scenario
5. Global Crude Oil Pipeline Market Size and Growth
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31. Global Crude Oil Pipeline Market Competitive Benchmarking
32. Global Crude Oil Pipeline Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Crude Oil Pipeline Market
34. Crude Oil Pipeline Market Future Outlook and Potential Analysis
35. Appendix
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