Industry Analysis & Industry Trends
The Oil and Gas Pipeline Construction industry has performed well largely due to heavy investment in natural gas and oil infrastructure construction, despite the recession and high levels of volatility. Looking forward, the industry is projected to experience strong demand, as new natural gas resources require expansion of existing pipelines; however, the falling price of fuel may pose a threat to producers, who can no longer afford the construction of new pipelines... 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 2020, the industry's contribution to the overall economy, measured by industry value added, is expected to grow at an annualized rate of 3.1%, 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 2020. 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