|By PR Newswire||
|April 2, 2014 02:21 AM EDT||
DUBLIN, April 2, 2014 /PRNewswire/ --
Dublin - Research and Markets (http://www.researchandmarkets.com/research/2fkv87/world_onshore) has announced the addition of the "World Onshore Pipelines Market - Forecast to 2017" report to their offering.
(Logo: http://photos.prnewswire.com/prnh/20130307/600769 )
Now in its 4th edition, The World Onshore Pipelines Market Forecast 2013-2017 considers the prospects for the onshore pipelines construction business and values the future markets through to 2017 by key component, region, pipeline type and diameter.
Over the past decade, continual increase in energy demand coupled with strong development in the production of unconventionals and LNG has set solid grounds for growth in the onshore pipeline sector. The next five years will see the realisation of a considerable number of ambitious inter-regional projects.
Global expenditure is expected to reach $216 billion over the next five years, increasing by 12% compared to the previous five year period with over 270 thousand kilometers of pipelines expected to be installed. Major investment will be in pipe construction services (47%) and line pipe (27%).
Increasing gasification is shaping the long term demand profile for pipes. With an anticipated 35% increase in global energy demand over the next twenty years, the role of natural gas is expected to account for 26% of total energy consumption by 2030. This growing demand is also driving an increase in larger diameter pipelines.
Investment in new infrastructure to support LNG and unconventional gas developments will be a major factor shaping future demand for pipelines. Outside the major oil province of the Middle East, gas-related lines accounted for 67% of km installed over the past five years with this figure expected to increase over the 2013-2017 period.
Increased investment in shale gas and oil will drive additional requirements for midstream line pipes in the US and surging Asian energy demand is changing traditional supply flows. Asia will overtake North America as the largest market for onshore pipelines as the region looks to increase imports of oil and gas from neighbouring regions.
Rapid demand growth in Asia is also providing new markets for Russian oil & gas and with traditional importers in the west expected to curb their energy demand, major new interregional projects may be realised during the forecast period, such as the pipeline planned to connect Russia to South Korea.
Why purchase the World Onshore Pipeline Market Forecast?
The World Onshore Pipeline Market Forecast 2013-2017 is essential for equipment manufacturers, onshore construction companies, steel mills, pipeline operators, oilfield service companies, government agencies, financial institutions and oil & gas companies who need quality, up-to-date information and commercial insight to assist with their strategy in the pipeline sector.
Key Topics Covered:
1 Conclusions and Market Summary
2 Macro Drivers
3 Technical Review
4 Market Outlook
5 Supply Chain
For more information visit http://www.researchandmarkets.com/research/2fkv87/world_onshore
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets
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