Table of Contents
Grease the wheels: The need to repair, replace and expand existing infrastructure will bolster demand
Oil & Gas Pipeline Construction in the US
Over the past five years, the Oil and Gas Pipeline Construction industry benefited from heavy investment in natural gas and oil infrastructure construction. Increases in energy prices and advancements in extraction technologies caused significant increases in domestic oil and natural gas production, which boosted demand for pipeline construction to connect existing infrastructure and markets.
However, falling crude oil and natural gas prices since the latter half of 2014 slashed investment budgets and, therefore, industry revenue. Looking forward, the industry is projected to experience strong demand as new natural gas resources require existing pipelines to reach capacity.
Over the next five years, IBISWorld forecasts that along with continued investment in unconventional domestic energy sources (e.g. shale gas and oil sands), the need to repair, replace and expand existing infrastructure will bolster industry performance.
This industry comprises contractors that are responsible for the construction of gas and oil pipelines, mains, pumping stations, refineries and storage tanks. It also includes construction management companies and special trade contractors that are primarily involved in oil and pipeline construction.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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