The global pipeline construction market size was US$ 45.7 billion in 2021. The global pipeline construction market size is forecast to reach US$ 73.1 billion by 2030, growing at a compound annual growth rate (CAGR) of 4.8% during the forecast period from 2022 to 2030.
A pipeline is a system for transporting liquid, gas, water, and wastewater from one location to another. It is the process of laying pipes for the purpose intended. In addition, there are two types of pipelines: liquid and gaseous. End-users in the chemical and energy industries can benefit from it.
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Factors Influencing Market Growth
The growing government investment in oil & gas refinery projects drives the global market.
The increasing energy consumption and rising offshore exploration efforts have resulted in a boom in pipeline infrastructure development driving the global market.
Growing demand for various everyday products such as water, milk, and petroleum products such as kerosene, diesel, and gasoline is forecast to provide lucrative opportunities for the global pipeline construction market throughout the forecast period.
Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global pipeline construction market. The closure of major manufacturing firms resulted in a drop in demand for pipeline construction during this time period. The decline in demand for numerous non-essential products and the shutdown of electrical, automotive, and other energy-related businesses, have harmed the market’s growth. A halt in industrial activities and a lockdown for several months affected the global market.
Regional Insights
The Asia Pacific region held dominance in the market in 2021 and is forecast to have a lucrative growth during the forecast period. As a result of the growing investment in the power plant industry. Many developing countries in Asia-Pacific have focused their efforts on establishing a comprehensive solution for chemical fertilizers and the power plant industry, likely to drive pipeline construction market growth. Stainless steel pipe is also available from key manufacturers for use in industries, such as power engineering, chemical, oil & gas technology, and others.
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Leading Competitors
The leading prominent companies profiled in the global pipeline construction market are:
Metal Forge India
Prosaic Steel & Alloys
Forterra Incorporated
Cogbill Construction LLC
CCI Leidingsystemen B.V.
Yena Engineering B.V.
ENKA Insaat Ve Sanayi
Larsen Toubro
Seonghwa Industrial Co Limited
Sung IL Sim Co Limited
Other Prominent Players
Scope of the Report
The global pipeline construction market segmentation focuses on Pipe Type, Application, End-User, and Region.
Segmentation based on Pipe Type
Metallic
Non-Metallic
Segmentation based on Application
Liquid Pipeline
Gas Pipeline
Segmentation based on End-User
Oil and Gas
Chemical
Water and Wastewater
Energy
Others
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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Highlight the Following Key Factors:
- Business Description: a particular description of agency operations and enterprise departments.
- Company Strategy: The analyst’s precis of the company’s commercial enterprise strategy.
- SWOT Analysis: Detailed evaluation of the company’s strengths, weaknesses, opportunities, and threats.
- Company History: The development of predominant occasions associated to the company.
- Main merchandise and services: A listing of the company’s fundamental products, services, and brands.
- Main Competitors: A listing of the company’s fundamental competitors.
- Important places and subsidiaries: The company’s major places and subsidiaries’ listing and contact information.
- Detailed economic ratios of the previous 5 years: The trendy monetary ratios come from the annual economic statements issued by means of agencies with a record of 5 years.
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