eMarketOrg.com announces addition of latest edition “World Onshore Pipelines Market” research report that expects the onshore pipeline capital expenditure to grow modestly to $220bn between 2015 and 2019.
According to Author Matt Loffman, “This represents a 14% increase on the previous five-year period. The substantial fall in oil prices has weakened the onshore market, causing project delays and a focus on reducing costs for pipeline owners. Despite this, the delays we have observed have a different complexion to other oilfield sectors and have been limited in large part to the North America region.
In general, the onshore pipeline construction market is fairly insulated from commodity price fluctuations when taking a global perspective. There are delays relating to a reduction in the rate of growth in major non-OECD economies in addition to falling US unconventional production figures. However these are offset to a large extent by major transmission lines and demand growth in the Middle East and Latin America.”
Research Team Leader, Hannah Lewendon, concludes, “The team has performed a full refresh of the market model with the latest DW data. The methodology has been revised and sense-checked through extensive consultation with industry in each global region. On a regional basis the Middle East continues to be a bright spot where solid growth is anticipated. As other developing regions increase their infrastructure footprint we expect pipeline construction to remain important.
Other observable trends include a shifting towards large diameter lines over the past three years. This is expected to continue to 2016 but in 2017 and beyond, smaller diameter pipelines are expected to gain relative market share driven by maturing networks within population centres of non-OECD countries and a return of US onshore production growth. Investment in LNG infrastructure and a move towards gas as a power source is also a key factor in future pipeline construction. We anticipate 66% of installed lines between now and 2019 to transport natural gas.”
Complete report titled “World Onshore Pipelines Market Forecast 2015 – 2019” is available at http://emarketorg.com/pro/world-onshore-pipelines-market-forecast-2015-2019/ .