Oil & Gas Pipeline Construction in the US - Industry Market Research Report

Oil & Gas Pipeline Construction in the US - Industry Market Research Report

Oil & Gas Pipeline Construction in the US

Oil and gas pipeline construction companies develop and maintain pipelines that are essential for transporting hydrocarbons to end markets such as households, businesses and electric power producers. Numerous construction projects have recently centered on delivering affordable hydrocarbons from tight shale formations to global energy consumers. But the world prices of oil and gas have been extremely volatile during the current period and have limited capital expenditure by upstream and downstream industries. Construction of new pipelines was also severely impacted by COVID-19 lockdowns which hamstrung global demand for energy. Industry revenue has declined at a CAGR of 5.2% to $51.5 billion over the past five years, including an 1.4% increase in 2023.

This industry comprises contractors that are responsible for the construction of gas and oil pipelines, mains, pumping stations, refineries and storage tanks. It also includes construction management companies and special trade contractors that are primarily involved in oil and pipeline construction.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.