Industry Analysis & Industry Trends
Over the past five years, the Oil and Gas Pipeline Construction industry has experienced strong, yet erratic demand due to volatile investment in energy-related infrastructure. Driven by higher global energy prices and the implementation of new technologies, oil and natural gas pipeline contractors experienced a considerable spike in demand in 2008, fluctuating annually in the subsequent five years. Looking forward, continued investment in unconventional domestic energy sources (e.g. shale gas and oil sands), the need to repair, replace and expand existing infrastructure and the recovery in residential construction will bolster industry performance over the five years to 2019... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Oil and Gas Pipeline Construction industry is in the mature stage of its life cycle. In the 10 years to 2019, the industry's contribution to the overall economy, measured by industry value added, is expected to grow at an annualized rate of 0.7%, compared with GDP growth of 2.5% over the same period. Since the early 2000s, significant impetus for expansion has come from the energy pipeline and refining markets. Moreover, high levels of revenue volatility affect the industry's ability to grow substantially on a consistent basis.
Several factors will likely support growth in this industry in the five years to 2019. There has been a long-term trend toward the use of natural gas as an alternative to oil for domestic and industrial purposes... purchase to read more