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Global Crude Oil Pipelines Market: Overview

Crude oil refers to one of the most coveted and economically mature commodities across the globe. However, only a small number of companies produce crude oil and at very remote areas. It happens many a times that consumption points are far away from the site of production. Nevertheless, crude oil trade is highly robust, lucrative, and international in nature. A large chunk of the crude oil transactions engages delivery through waterway in oil supertankers. Traders in crude oil are capable of rapidly redirecting such transactions to markets where the price is on the much higher end. Growing importance of crude oil transportation is expected to bolster development of the global crude oil pipelines market over the tenure of analysis, from 2020 to 2030.

Pipelines play an extremely important role in the trade of crude oil at an international level and logistics of crude oil products. They enable hassle-free access to far off fields of crude oil, which are comparatively inexpensive and easy means of oil. Besides, it comes easier to transport crude oil products in comparison with railways. Pipelines are important for regions with limited or absolutely no access to the sea. In addition, oil and gas pipelines are widely utilized in applications comprising setting up and distribution of line pipeline. Such extensive use of pipeline is anticipated to support growth of the global crude oil pipelines market in the years to come.

Pipeline type and region are the two important parameters based on which the global crude oil pipelines market has been classified.

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Global Crude Oil Pipelines Market: Notable Developments

One of the relevant and important developments of the market that gives a quick view of the dynamics pertaining to global crude oil pipelines market is mentioned as below:

  • In July 2017, General Electronic implemented previously planned merger of oil and gas business of General Electric with Baker Hughes. The latter is also a GE company and so far, is the only and the very first firm to bring digital solutions, services, and industry leading equipment together under one umbrella.

Some of the prominent organizations in the global crude oil pipelines market comprise the below-mentioned:

  • Saipem S.p.A.
  • Kinder Morgan, Inc
  • Royal Dutch Shell PLC
  • ABB Group
  • TechnipFMC plc
  • GE Oil & Gas

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Global Crude Oil Pipelines Market: Key Trends

The global crude oil pipelines market is characterized by the presence of the following restraints, drivers, and opportunities.

High Demand for Crude Oil Worldwide is Estimated to Amplify Growth Opportunities

The growth of the global crude oil pipelines market is likely to be influenced by the rising demand for crude oil across the globe. According to the estimates of International Energy Agency (IEA), around 1 Mn barrels is needed every day by the end of forecast tenure, from 2020 to 2030. In an effort to meet this ever rising demand for crude oil, the capacity of the pipelines is estimated to be improved and new pipeline-related projects are being commissioned. These factors are estimated to encourage expansion of the global crude oil pipelines market in the future.

In addition to that, rise in activities pertaining to offshore-related exploration, such as ultra-deepwater and deepwater development and production are anticipated to open up plethora of opportunities for the global crude oil pipelines market over the tenure of assessment.

On the other hand, growing shift toward renewable sources of electricity is likely to pose a setback for the market in the forthcoming years.

Global Crude Oil Pipelines Market: Geographical Analysis

North America is estimated to emerge as one of the leaders in the global crude oil pipelines market and is likely to retain its dominance over the timeframe of analysis, from 2020 to 2030., Presence of many market players together with increased activities pertaining to crude oil exploration is likely to add to the growth of the market. Asia Pacific is likely to emerge as one of the rapidly growing regions, thanks to the rising demand for crude oil in the region.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Crude Oil Pipelines Market

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