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

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?

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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?

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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?

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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	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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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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