According to the recent research report titled ‘Oil Pipeline Infrastructure Market Size By Product (Crude Oil, Petroleum Product), By Application (Onshore, Offshore), By Operation (Transmission, Gathering), By Diameter {? 8 Inch, >8-24 Inch, > 24 Inch}) Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, UK, Germany, France, Russia, China, Australia, India, Malaysia, Indonesia, Angola, Nigeria, South Africa, Saudi Arabia, Iran, Iraq, Turkey, Brazil, Argentina), Price Trends, Competitive Market Share & Forecast, 2019 - 2025’ available with MarketStudyReport, global oil pipeline infrastructure market is estimated to exceed USD 135 billion in valuation by the year 2025.

Increasing oil and gas investments, growing crude oil consumption, and rapid discovery of shale oil reserves are some of the major factors driving the growth of the global oil pipeline infrastructure market.

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Booming international oil trades, an increasing requirement for replacement of aging infrastructure, rapid globalization, and increasing number of refurbishment projects will augment the overall industry outlook as well. High concerns over maintaining energy security along with direct influence on GDP, employment generation, and other macroeconomic factors are stimulating the overall industry outlook.

Based on the application spectrum, the offshore segment is estimated to proliferate through 2025, owing to the rising production of subsea oilfields, the introduction of flexible trade policies, and easy access to foreign reserves for oil-rich fields.

By operation, the transmission segment is deemed to witness considerable growth during the study period. Focus towards installing a reliable and efficient oil transport network system across developing economies, increasing volume of government funds for upgrading existing assets, and a rising number of greenfield projects will enhance the overall business outlook.

Regionally, Middle East & Africa market is likely to showcase a strong CAGR through 2025. There has been geopolitical tensions among industry contenders in the region for a while. Apart from this, these market players are focusing on extending their pipelines toward Europe to branch out from Russian dominance, which in turn is favouring the regional market outlook.

CRC-Evans Pipeline International, Petróleo Brasileiro S.A., Exxon Mobil Corporation, PetroChina Company Limited, Europipe GmbH, ChelPipe Group, NOV Inc., General Electric Company, DCP Midstream Partners LP, Welspun Corp. Ltd., Enbridge Inc., Indian Oil Corporation Limited, and Chevron Corporation are the leading players in the worldwide oil pipeline infrastructure market.