Market Size of Oman Oil and Gas Pipeline Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 6.50 % |
| Market Concentration | Medium |
Major Players.webp "Oman Oil and Gas Pipeline Market Major Players"){kind=logo}
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Oman Oil & Gas Pipeline Market Analysis
The Oman oil and gas pipeline market is expected to register a CAGR of more than 6.5% during the forecast period. Covid-19 has adversely impacted oil & gas investment all across the globe. The overall demand for oil & gas has decreased, which also affected Oman's oil & gas industry. Furthermore, the fluctuation in prices of oil & gas has negatively impacted the oil & gas industry investment in the last two years in Oman. Due to rapid industrialization and urbanization, the demand for oil & gas products from developing countries such as China, India, Singapore, and the Philippines is rising. Moreover, Oman and India are working on developing a deepwater pipeline project to cater to India's growing power demand. However, a significant increase in renewable energy resources investment is expected to hinder the growth of the oil and gas pipeline market in the forecast period.
- The gas pipeline line segment is expected to dominate the market during the forecast period. In the last few years, there has been a rise in awareness about carbon and greenhouse emissions, resulting in higher demand for natural gas, LPG, LNG, and other gasses in Oman and other countries. Thus, companies are investing more in the exploration and production of natural gas, which is expected to boost the oil and gas pipeline market in Oman in the forecast period.
- The Oman government is planning to increase oil & gas production in the country. For instance, Oman has identified a new oil field estimated to have 5 billion barrels of oil reserves. Therefore, the increasing number of oil & gas projects is expected to boost the Omani oil and gas pipeline market during the forecast period.
- Off late, the FDI in the oil and gas industry in Oman has witnessed a significant rise. For instance, China is expected to invest more than USD 10 billion in the oil & gas industry in Oman in the coming few years. Thus a significant rise in investment in the oil and gas industry provides a great opportunity in the oil and gas pipeline market.
Oman Oil & Gas Pipeline Industry Segmentation
The Scope of the Oman Oil and Gas Pipeline Market includes:-
| Location of Deployment | |
| Onshore | |
| Offshore |
| Type | |
| Crude Oil Pipeline | |
| Gas Pipeline |
Oman Oil and Gas Pipeline Market Size Summary
The Oman oil and gas pipeline market is poised for significant growth, driven by a compound annual growth rate exceeding six and a half percent over the forecast period. Despite the challenges posed by the COVID-19 pandemic, which led to a global downturn in oil and gas investments, Oman is witnessing a resurgence in the sector. The country's strategic initiatives, such as the development of a deepwater pipeline project with India, aim to meet the rising energy demands of rapidly industrializing nations. However, the increasing investment in renewable energy sources presents a potential challenge to the growth of the oil and gas pipeline market. The gas pipeline segment is expected to lead the market, fueled by heightened awareness of carbon emissions and a corresponding rise in demand for natural gas and related products.
Oman's oil and gas industry is a cornerstone of its economy, contributing significantly to GDP and government revenues. The sector's importance is underscored by the government's efforts to enhance production capabilities and attract foreign direct investment. Initiatives such as the creation of the state energy company OQ and the establishment of Energy Development Oman reflect a concerted effort to streamline operations and boost investment in oil and gas projects. Additionally, legislative reforms aimed at improving the business environment are expected to further stimulate the market. Key players in the moderately fragmented market include Pipelife Nederland B.V, PSC Teknologis, AVEVA Group plc, Mott MacDonald, and TMK Group, with ongoing projects like the construction of new gas pipelines underscoring the sector's growth potential.
Oman Oil and Gas Pipeline Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Refining Capacity and Forecast in thousand barrels per day, till 2027
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1.3 List of Major Upcoming and in Pipeline Projects, 2021 (Length of Pipeline, Transportation Fuel, Operator, Total CAPEX, Year of Start of Construction, and Commissioning Year)
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1.4 Recent Trends and Developments
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1.5 Government Policies and Regulations
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1.6 Market Dynamics
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1.6.1 Drivers
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1.6.2 Restraints
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1.7 Supply Chain Analysis
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1.8 PESTLE Analysis
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2. MARKET SEGMENTATION
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2.1 Location of Deployment
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2.1.1 Onshore
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2.1.2 Offshore
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2.2 Type
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2.2.1 Crude Oil Pipeline
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2.2.2 Gas Pipeline
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Oman Oil and Gas Pipeline Market Size FAQs
What is the current Oman Oil and Gas Pipeline Market size?
The Oman Oil and Gas Pipeline Market is projected to register a CAGR of greater than 6.5% during the forecast period (2024-2029)
Who are the key players in Oman Oil and Gas Pipeline Market?
Pipelife Nederland B.V, PSC Teknologis, AVEVA Group plc, Mott MacDonald and TMK Group are the major companies operating in the Oman Oil and Gas Pipeline Market.
