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Oil Gas Pipeline Fabrication and Construction Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Apr 2022
  • Pages: 122
  • SKU: IRTNTR73080
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The oil gas pipeline fabrication and construction market share is expected to increase by USD 59.47 billion from 2021 to 2026, at a CAGR of 4.82%.

This oil gas pipeline fabrication and construction market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers oil gas pipeline fabrication and construction market segmentation by application (oil and gas) and geography (Middle East and Africa, North America, Europe, APAC, and South America). The oil gas pipeline fabrication and construction market report also offers information on several market vendors, including A.Hakpark B.V., AECOM, Barnard Construction Co. Inc., Bechtel Corp., Bonatti Joint Stock Co., Fluor Corp., Gateway Companies LLC, KAD Construction LLC, Larsen and Toubro Ltd., Ledcor Group, MasTec Inc., McDermott International Inc., Michels Corp, Primoris Services Corp, Shengli Oil and Gas Pipe Holdings Ltd., Snelson Companies Inc., Strike Inc., Sunland Construction Inc., Tenaris SA, and AES Corp. among others.

What will the Oil Gas Pipeline Fabrication and Construction Market Size be During the Forecast Period?

Oil Gas Pipeline Fabrication and Construction Market Size

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Oil Gas Pipeline Fabrication and Construction Market: Key Drivers, Trends, and Challenges

The growing natural gas consumption is notably driving the oil gas pipeline fabrication and construction market growth, although factors such as issues related to pipeline transportation may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the oil gas pipeline fabrication and construction industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Oil Gas Pipeline Fabrication and Construction Market Driver

The growing natural gas consumption is one of the key drivers supporting the oil gas pipeline fabrication and construction market growth. Demand for natural gas is predicted to rise during the forecast period due to its lower cost when compared to other fossil fuels. Natural gas is a clean fuel, and over the last several years, natural gas consumption has grown at a faster rate than crude oil consumption in several large and minor oil and gas-consuming countries. Concerns about the environmental threat posed by carbon emissions and nuclear power plants have resulted in a rapid increase in natural gas consumption. This trend is expected to continue during the forecast period and drive the demand for gas pipeline fabrication and construction for the transportation of natural gas.

Key Oil Gas Pipeline Fabrication and Construction Market Trend

Safer and continuous transportation is one of the key oil gas pipeline fabrication and construction market trends that is contributing to the market growth. Pipelines have the ability to transport large amounts of oil and natural gas. As oil and natural gas are highly combustible and volatile, transportation must be done as safely as possible. Pipelines involve a considerably lower risk of explosion during transit in this regard. The majority of pipeline networks are located underground, thereby limiting their exposure to natural factors as well as saboteurs and vandals. Furthermore, above-ground pipelines are built to tolerate extreme temperature and weather fluctuations without springing dangerous leaks. Thus, the increase in the demand for safe and cost-efficient transportation systems for oil and gas from the point of production to processing and end-consumer locations is one of the major factors driving the growth of the global oil gas pipeline fabrication and construction market.

Key Oil Gas Pipeline Fabrication and Construction Market Challenge

Issues related to pipeline transportation is one of the factors hindering the oil gas pipeline fabrication and construction market growth. Many oil and gas pipelines carry chemically unstable and flammable products over long distances around the world and must pass through water bodies, hilly terrain, and other remote/harsh topography. This has resulted in an increase in the incidents of leakage of combustible gases and fuels, which could result in large-scale and catastrophic accidents as well as the degradation of the environment. Larger leaks can be identified and located with more precision. Due to detection limits, some smaller leaks cannot or may not be detected in time at all. Underground pipes pose problems as they are difficult to access and repair, and leak detection is often challenging. These constraints will limit the growth of the global oil gas pipeline fabrication and construction market during the forecast period.

This oil gas pipeline fabrication and construction market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global oil gas pipeline fabrication and construction market as a part of the global oil and gas equipment and services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the oil gas pipeline fabrication and construction market during the forecast period.

Who are the Major Oil Gas Pipeline Fabrication and Construction Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • A.Hakpark B.V.
  • AECOM
  • Barnard Construction Co. Inc.
  • Bechtel Corp.
  • Bonatti Joint Stock Co.
  • Fluor Corp.
  • Gateway Companies LLC
  • KAD Construction LLC
  • Larsen and Toubro Ltd.
  • Ledcor Group
  • MasTec Inc.
  • McDermott International Inc.
  • Michels Corp
  • Primoris Services Corp
  • Shengli Oil and Gas Pipe Holdings Ltd.
  • Snelson Companies Inc.
  • Strike Inc.
  • Sunland Construction Inc.
  • Tenaris SA
  • AES Corp.

 

This statistical study of the oil gas pipeline fabrication and construction market encompasses successful business strategies deployed by the key vendors. The oil gas pipeline fabrication and construction market is fragmented and the vendors are deploying growth strategies such as M and A, partnership, and business expansion strategies to compete in the market.

Product Insights and News

  • Barnard Construction Co. Inc. - Through the unified segment, the company offers construction services that mainly work on water pipelines, dams, hydropower, and sewer. 
  • Barnard Construction Co. Inc. - The company offers construction services as well as oil and gas pipeline construction facilities and services. 

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The oil gas pipeline fabrication and construction market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Oil Gas Pipeline Fabrication and Construction Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the oil gas pipeline fabrication and construction market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Oil Gas Pipeline Fabrication and Construction Market?

Oil Gas Pipeline Fabrication and Construction Market Market segmentation by region

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36% of the market's growth will originate from the Middle East and Africa during the forecast period. Saudi Arabia is the key market for oil gas pipeline fabrication and construction in the Middle East and Africa. Market growth in this region will be slower than the growth of the market in North America and APAC.

The large number of pipeline projects that have been planned or are in progress will facilitate the oil gas pipeline fabrication and construction market growth in the Middle East and Africa over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID-19 pandemic severely affected the entire MEA region in the first half of 2020, which negatively impacted the regional market. However, by early 2021, the large-scale COVI-19 vaccination drives carried out by the governments of countries in MEA led to a decline in the number of COVID-19 cases, which, in turn, led to the resumption of operations in the oil and gas industry in MEA. Therefore, the regional oil gas pipeline fabrication and construction market is expected to grow during the forecast period.

What are the Revenue-generating Application Segments in the Oil Gas Pipeline Fabrication and Construction Market?

Oil Gas Pipeline Fabrication and Construction Market Segmentation

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The oil gas pipeline fabrication and construction market share growth by the oil segment will be significant during the forecast period. By application, oil accounts for a major share in the global oil gas pipeline fabrication and construction market. For instance, crude oil is one of the world's most developed commodity markets. Despite the fact that a major part of crude oil is produced by a small number of corporations in remote places, which are far away from the point of consumption, the trading of crude oil remains robust worldwide. Due to the huge distance between the point of production and the point of consumption, pipelines are used to transport crude oil. These applications of pipelines for transporting oil will drive the oil gas pipeline fabrication and construction market during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the oil gas pipeline fabrication and construction market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Oil Gas Pipeline Fabrication and Construction Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 4.82%

Market growth 2022-2026

$ 59.47 billion

Market structure

Fragmented

YoY growth (%)

12.92

Regional analysis

Middle East and Africa, North America, Europe, APAC, and South America

Performing market contribution

Middle East and Africa at 36%

Key consumer countries

US, Canada, Saudi Arabia, China, and Russia

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

A.Hakpark B.V., AECOM, Barnard Construction Co. Inc., Bechtel Corp., Bonatti Joint Stock Co., Fluor Corp., Gateway Companies LLC, KAD Construction LLC, Larsen and Toubro Ltd., Ledcor Group, MasTec Inc., McDermott International Inc., Michels Corp, Primoris Services Corp, Shengli Oil and Gas Pipe Holdings Ltd., Snelson Companies Inc., Strike Inc., Sunland Construction Inc., Tenaris SA, and AES Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Oil Gas Pipeline Fabrication and Construction Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive oil gas pipeline fabrication and construction market growth during the next five years
  • Precise estimation of the oil gas pipeline fabrication and construction market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the oil gas pipeline fabrication and construction industry across Middle East and Africa, North America, Europe, APAC, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of oil gas pipeline fabrication and construction market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 Oil - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Oil - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 29: Data Table on Oil - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 30: Chart on Oil - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Oil - Year-over-year growth 2021-2026 (%)
    • 5.4 Gas - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Gas - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 33: Data Table on Gas - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 34: Chart on Gas - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Gas - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Application
      • Exhibit 36: Market opportunity by Application ($ billion)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 42: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 43: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 44: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.4 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.6 APAC - Market size and forecast 2021-2026
      • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 Saudi Arabia - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Saudi Arabia - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 67: Data Table on Saudi Arabia - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 68: Chart on Saudi Arabia - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Saudi Arabia - Year-over-year growth 2021-2026 (%)
    • 7.10 Russia - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Russia - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 71: Data Table on Russia - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 72: Chart on Russia - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Russia - Year-over-year growth 2021-2026 (%)
    • 7.11 China - Market size and forecast 2021-2026
      • Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.12 Canada - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Canada - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 79: Data Table on Canada - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 80: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ billion)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 Barnard Construction Co. Inc.
              • Exhibit 89: Barnard Construction Co. Inc. - Overview
              • Exhibit 90: Barnard Construction Co. Inc. - Product / Service
              • Exhibit 91: Barnard Construction Co. Inc. - Key offerings
            • 10.4 Bechtel Corp.
              • Exhibit 92: Bechtel Corp. - Overview
              • Exhibit 93: Bechtel Corp. - Product / Service
              • Exhibit 94: Bechtel Corp. - Key news
              • Exhibit 95: Bechtel Corp. - Key offerings
            • 10.5 Gateway Companies LLC
              • Exhibit 96: Gateway Companies LLC - Overview
              • Exhibit 97: Gateway Companies LLC - Product / Service
              • Exhibit 98: Gateway Companies LLC - Key offerings
            • 10.6 Larsen and Toubro Ltd.
              • Exhibit 99: Larsen and Toubro Ltd. - Overview
              • Exhibit 100: Larsen and Toubro Ltd. - Business segments
              • Exhibit 101: Larsen and Toubro Ltd. - Key news
              • Exhibit 102: Larsen and Toubro Ltd. - Key offerings
              • Exhibit 103: Larsen and Toubro Ltd. - Segment focus
            • 10.7 Ledcor Group
              • Exhibit 104: Ledcor Group - Overview
              • Exhibit 105: Ledcor Group - Product / Service
              • Exhibit 106: Ledcor Group - Key offerings
            • 10.8 MasTec Inc.
              • Exhibit 107: MasTec Inc. - Overview
              • Exhibit 108: MasTec Inc. - Business segments
              • Exhibit 109: MasTec Inc. - Key offerings
              • Exhibit 110: MasTec Inc. - Segment focus
            • 10.9 Shengli Oil and Gas Pipe Holdings Ltd.
              • Exhibit 111: Shengli Oil and Gas Pipe Holdings Ltd. - Overview
              • Exhibit 112: Shengli Oil and Gas Pipe Holdings Ltd. - Business segments
              • Exhibit 113: Shengli Oil and Gas Pipe Holdings Ltd. - Key offerings
              • Exhibit 114: Shengli Oil and Gas Pipe Holdings Ltd. - Segment focus
            • 10.10 Snelson Companies Inc.
              • Exhibit 115: Snelson Companies Inc. - Overview
              • Exhibit 116: Snelson Companies Inc. - Product / Service
              • Exhibit 117: Snelson Companies Inc. - Key offerings
            • 10.11 Sunland Construction Inc.
              • Exhibit 118: Sunland Construction Inc. - Overview
              • Exhibit 119: Sunland Construction Inc. - Product / Service
              • Exhibit 120: Sunland Construction Inc. - Key offerings
            • 10.12 Tenaris SA
              • Exhibit 121: Tenaris SA - Overview
              • Exhibit 122: Tenaris SA - Business segments
              • Exhibit 123: Tenaris SA - Key offerings
              • Exhibit 124: Tenaris SA - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 125: Inclusions checklist
                • Exhibit 126: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 127: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 128: Research methodology
                • Exhibit 129: Validation techniques employed for market sizing
                • Exhibit 130: Information sources
              • 11.5 List of abbreviations
                • Exhibit 131: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Oil Gas Pipeline Fabrication and Construction market growth will increase by $59.47 billion during 2022-2026.
              The oil gas pipeline fabrication and construction market is expected to grow at a CAGR of 4.82% during 2022-2026.
              Technavio has segmented the oil gas pipeline fabrication and construction market by application (Oil and Gas) and geographic (Middle East and Africa, North America, Europe, APAC, and South America).
              A.Hakpark B.V., AECOM, Barnard Construction Co. Inc., Bechtel Corp., Bonatti Joint Stock Co., Fluor Corp., Gateway?áCompanies?áLLC, KAD Construction LLC, Larsen and Toubro Ltd., Ledcor Group, MasTec Inc., McDermott International Inc., Michels Corp, Primoris Services Corp, Shengli Oil and Gas Pipe Holdings Ltd., Snelson Companies Inc., Strike Inc., Sunland Construction Inc., Tenaris SA, AES Corp. are a few of the key vendors in the oil gas pipeline fabrication and construction market.
              Middle East and Africa will register the highest growth rate of 36.39% among the other regions. Therefore, the oil gas pipeline fabrication and construction market in Middle East and Africa is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the oil gas pipeline fabrication and construction market growth are:
              • Growing natural gas consumption
              • Safer and continuous transportation
              The oil gas pipeline fabrication and construction market vendors should focus on grabbing business opportunities from the oil segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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