The most exciting when it comes to Asia-Pacific Oil & Gas Pipeline Market

The most exciting is inter alia: the huge population, which is the major factor for rising demand for energy from these countries. Growth in Asia-Pacific oil & gas pipeline market can also be attributed to construction of new pipelines as well as upgradation of existing pipelines.

According to Research and Markets, the Asia-Pacific oil & gas pipeline market is projected to reach $ 19.16 billion by 2022.

Few of the leading players in Asia-Pacific oil & gas pipeline market includes China National Petroleum Corporation, CHELPIPE, National Oilwell Varco, Welspun Corporation Limited, Maharashtra Seamless Limited, General Electric, TechnipFMC, and Subsea.

Market Drivers:

• Crude Oil Prices Influencing Investments in Pipeline Infrastructure
• Digitalization in Pipeline Infrastructure
• Expansion in City Gas Distribution Network
• Surging Drilling Contracts and Exploration Investments
• Demand From Downstream Applications
• Development of Shale Gas and Synthetic Natural Gas
• Rising Production from Offshore Fields.