The Crude Oil Pipeline Transport Global Market Report 2023, provides comprehensive information on the crude oil pipeline transport market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global crude oil pipeline transport market size is expected to grow from $64.61 billion in 2022 to $69.91 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global crude oil pipeline transport market size is expected to reach $92.92 billion in 2027 at a CAGR of 7.4%.
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Technological advancements have emerged as a key trend gaining popularity in the crude oil pipeline transport market. Major players operating in the crude oil transport market are concentrating their efforts on creating innovative technologies to strengthen their position in the market. For instance, in November 2021, Schneider Electric SE, a France-based oil pipeline company, partnered with Prisma Photonics, an Israel-based company operating in designing and manufacturing fiber sensing for oil and gas infrastructure, introduced the PrismaFlow with the integration of real-time intelligence and precise monitoring to prevent accidental and malicious activity, which enhances efficiency and sustainability in energy transportation via pipelines and avoids resource loss. PrismaFlow is a pipeline monitoring solution made up of both hardware and software, significantly lowering positive and negative false alarm rates as compared to other fiber-sensing technology. PrismaFlow offers improved event classification and detection with a precision of less than 10m and can recognize multiple simultaneous events without interference or crosstalk.
The crude oil pipeline transport market 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 2022.
The table of contents in TBRC’s crude oil pipeline transport market report includes:
1. Executive Summary
2. Crude Oil Pipeline Transport Market Characteristics
3. Crude Oil Pipeline Transport Market Trends And Strategies
4. Crude Oil Pipeline Transport Market – Macro Economic Scenario
5. Crude Oil Pipeline Transport Market Size And Growth
….
26. Africa Crude Oil Pipeline Transport Market
27. Crude Oil Pipeline Transport Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Crude Oil Pipeline Transport Market
29. Crude Oil Pipeline Transport Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
ABB Ltd.
Alcatel-Lucent Enterprise
Emerson Electric Co.
TechnipFMC PLC
Schneider Electric SE
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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