Albany, NY -- (SBWIRE) -- 02/25/2019 -- Increasing demand for energy has made crude oil and natural gas an essential part of the world's energy mix. Though coal dominates the global energy mix, crude oil and natural gas also hold significant shares of the mix. Crude oil and natural gas have become more of a necessity than a commodity today. Crude oil and natural gas are extracted from underground reservoirs and with little processing, they are traded in national and international markets. Oil and gas are transported primarily through pipelines, truck tankers, ships or vessels, and railways. A majority of transportation takes place through pipelines, as they can handle bulk transfer without much issues. Though the initial investment in laying pipelines is high, large-quantity movement makes pipelines one of the most economical methods to transport oil and gas from one location to another over long distances. Due to this, the number of cross-border pipelines carrying oil and gas from producers to refiners or end-users is large.
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Onshore Oil and Gas Pipelines Market: Key Segments
Based on type, the onshore oil and gas pipelines market can be segmented into electric resistance welded (ERW) pipes, spiral submerged arc welded (SSAW) pipes, longitudinally submerged arc welded (LSAW) pipes, and others. ERW pipes have high dimensional accuracy, short weld joints, and uniform thickness. They can withstand high pressure. SSAW pipes are welded and formed simultaneously and they have spiral welding joints that can help avoid high stress and provide enhanced force resistance. LSAW pipes are made from single-plate steel to which double-sided submerged arc welding is applied. These pipes have thick walls and large diameters. They can easily withstand low temperature and high pressure.
Based on product, the onshore oil and gas pipelines market can be classified into crude oil, natural gas & NGL, and refined products. The crude oil segment is projected to hold a leading share of the global onshore oil and gas pipelines market during the forecast period. The segment is expected to maintain its dominance during the forecast period. The natural gas & NGL segment is likely to expand at a rapid pace during the forecast period, primarily due to rising popularity and increasing usage of natural gas as a clean alternative for various fuels such as diesel and fuel oil. The refined products segment is likely to hold a minor share of the onshore oil and gas pipelines market, as refined products are transported largely through roadways or railways presently.
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Onshore Oil and Gas Pipelines Market: Regional Outlook
In terms of region, the global onshore oil and gas pipelines market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is estimated to dominate the global onshore oil and gas pipelines market during the forecast period, owing to rising investments in oil and gas infrastructure in the region mainly led by shale boom in the U.S.