Gathering Pipeline Market, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI3760
Gathering Pipeline Market size is driven by flourishing energy demand on account rapid development across the emerging economies. Incresaing international import and exports led by improving trade relationships along with rapid globalization will augment the industry landscape. Majority of the oil rich nations including Iran, Saudi Arabia, Iraq and others are heavily investing toward infrastructural development to facilitate export of oil and gas to demand centers.
Paradigm shift to clean energy fuels coupled with rising adoption of NG across several industries including residential & commercial, chemical, power generation and manufacturing will foster the gathering pipeline market growth. Prevailing regulations pertaining to the energy efficiency and carbon emissions will further boost the network expansion. Furthermore, decommissioning of aging oil & gas transportation routes coupled with increasing funding toward development of new infrastructure will complement the industry landscape.
Growing need to encourage the intrastate and interstate trade will fuel the gathering pipeline market growth. Major economies are primarily dependent on oil and gas imports to suffice their energy demand. As per the China’s 13th Five-Year Plan the regulators are providing significant funding for the development of dedicated pipeline network. In addition, constant government support toward the expansion of current infrastructure will positively enhance the business landscape.
Modernization of existing refineries along with development of new facilities across the emerging economies including China and India will accelerate the gathering pipeline market size. The gathering lines facilitates the transportation of O&G from well head (production site) to a central collection point. The units are of smaller diameter than the transmission lines and are primarily of two types including oil & gas gathering and hazardous liquid pipeline.
Stringent government regulations pertaining the environment and public safety will stimulate the gathering pipeline market share. The Department of Transportation, Pipeline and Hazardous Materials Safety Administration (PHMSA) regulates the infrastructure across the U.S. The PHSMA have recently revised the gathering lines standard that include the requirements of API, policies concerning the safety of neighboring buildings and living and others. It further follows the norms and policies applicable to the transmission lines of the region.
Ongoing discoveries of new oil and gas fields across the subsea and deep-water fields will drive the gathering pipeline market size. Refurbishment of existing network in order to provide reliable supply of hydrocarbon resources along with stringent maritime polices pertaining the oil spills will augment the industry landscape. In addition, government focus to boost the domestic production along with requirement of pipeline infrastructure to bring the additional capacity to the industry will further enhance the industry outlook.
Eminent players operating across the gathering pipeline market share include Europipe, Enbridge, Gazprom, APA Group, CRC Evans Pipeline, Snam Rete, Redexis, Technip, General Electric, MRC Global, Saipem, Chelpipe, DCP Midstream, Welspun, National Oilwell Varco, Engas and GAIL.
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