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Natural gas

Pipeline Construction Market to Reach $66.09 Billion by 2029

Strategic Insights

— 1 min read

The pipeline construction market is poised for substantial growth, driven by increasing energy consumption, advancements in pipeline construction technology, and a surge in demand for oil and gas production. According to the "Pipeline Construction Market Report 2025," the market size will reach $52.35 billion in 2025, growing at a compound annual growth rate (CAGR) of 4.8%. This growth will continue over the next five years, with the market size projected to reach $66.09 billion in 2029, representing a CAGR of 6%.

Key Takeaways:

  • The pipeline construction market is expected to grow from $49.97 billion in 2024 to $52.35 billion in 2025, driven by development and production of oil and gas resources, surging demand for safe, economical, and reliable infrastructure connectivity, and increased investments in pipeline projects.
  • The growth in the forecast period can be attributed to climate change initiatives, public perception and opposition, geopolitical stability, resource exploration, and energy transition policies.
  • Major trends in the forecast period include technological advancements, expansion of the oil and gas industry, focus on research and development, automation, and robotics.
  • Key attributes of the report include the inclusion of pipeline construction market characteristics, pipeline construction market trends and strategies, macroeconomic scenario, and global pipeline construction growth analysis and strategic analysis framework.
  • The pipeline construction market is segmented by pipe type, equipment, operation, application, and end user, with sub-segmentation by metallic and non-metallic pipes.
  • Notable companies in the pipeline construction market include Energy Transfer LP, Nippon Steel Corporation, Enterprise Products Partners L.P., Enbridge Inc., and Larsen & Toubro Ltd.

Statistics:

  • The pipeline construction market size will grow from $49.97 billion in 2024 to $66.09 billion in 2029, representing a CAGR of 6%.
  • The market will grow at a CAGR of 4.8% from 2024 to 2025, reaching $52.35 billion.
  • The energy consumption accounted for 56% of total energy use in 2023, growing at twice the global average rate of 2%.
  • The increase in energy consumption is expected to boost the pipeline construction market, with the pipeline construction market witnessing a notable trend favoring product innovations.
  • The pipeline construction market will benefit from the integration of cutting-edge solutions, including vibroacoustic wave detection systems, which offer real-time analysis, monitoring, and leak detection capabilities.

Sources:

  • GlobeNewswire
  • "Pipeline Construction Market Report 2025" report by ResearchAndMarkets.com
  • Energy Institute LLC
  • CYENS Centre of Excellence
  • Eni S.p.A.
  • Techfem S.p.A.
  • ResearchAndMarkets.com
  • Global Data Point

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