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Since the middle of the 20th century, oil has been the primary source of energy worldwide and the wealth and prosperity of nations has depended on reliable, uninterrupted supply of crude oil and petroleum products. Pipeline transmission plays a critical role in supplying these commodities to meet the increasing demand for global energy needs. The total length of pipelines globally is 1,548,005.3 Km, out of which, North America has the largest pipeline network with a total pipeline length of 606,185.0 Km. Europe stands second with total pipelines network length of 475,146.6 Km. This two regions account for 70.0% of the global pipeline network length.
Equipment Services, Market Size and Growth
The global pipeline industry is one of the best insulated against price volatility within the midstream energy sector. Steel pipelines continue their stronghold over the midstream transportation sector as they remain the safest, most efficient and economical way to transport crude oil, petroleum products, and natural gas from upstream sources to the end users.
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This latest Pipeline market data and analysis was taken from the research report
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"Global Oil and Gas Pipelines Industry to 2013:Investment Opportunities, Analysis and Forecasts of All Active and Planned Pipelines
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published by GlobalData - for more information on this report,
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