Market Size of Oil and Gas Pipeline Fabrication and Construction Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 3.50 % |
| Fastest Growing Market | Middle East and Africa |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Oil and Gas Pipeline Fabrication and Construction Market Analysis
The oil and gas pipeline fabrication and construction market is projected to register a CAGR of over 3.5% during the forecast period.
The market was negatively impacted by the COVID-19 pandemic. However, the market has now reached pre-pandemic levels.
The natural gas pipeline network is expected to grow parallel to the increasing natural gas demand, which is expected to boost the global oil and gas pipeline fabrication and construction market's growth during the forecast period.
However, delay in pipeline projects due to land and border disputes across several countries is anticipated to hinder the market's growth during the forecast period.
Nevertheless, pipeline expansion projects and new gas pipeline projects are expected to create tremendous business opportunities for the oil and gas pipeline fabrication and construction market in the coming years.
North America is one of the major demand centers for the oil and gas pipeline fabrication and construction market, with the United States being the major hotspot.
