$47.4bn
$X.Xbn
184k
1,870
$XX.Xbn
The oil and gas pipeline construction has seen falling revenue since 2019. Numerous construction projects have recently centered on delivering affordable hydrocarbons from tight shale formations to global energy consumers. However, the world prices of oil and gas have been extremely volatile during the current period and have limited capital expenditure by upstream and downstream industries. The construction of new pipelines was also severely impacted by COVID-19 lockdowns, which hamstrung global demand for energy. Industry revenue is expected to have declined at a CAGR of 7.0% to $47.4 billion over the past five years, including a 1.9% increase in 2024.
Industry revenue has declined at a CAGR of 7.0 % over the past five years, to reach an estimated $47.4bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Zachry Group | 3,466.9 | 235.7 | 6.8 | |
Bilfinger Se | 1,716.7 | 116.7 | 6.8 | |
Michels Corporation | 1,548.8 | 79.0 | 5.1 |
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Industry revenue is measured across several distinct product and services lines, including New pipeline construction, Pipeline additions and alterations and Pipeline maintenance. New pipeline construction is the largest segment of the Oil & Gas Pipeline Construction in the US.
New pipeline construction keeps revenue flowing
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.
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NAICS 23712 - Oil & Gas Pipeline Construction in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The United States achieved its first-ever month as a net exporter of hydrocarbons in September 2019. This was a major accomplishment for the nation and took widescale coopera...
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Maintenance and repairs are increasingly important to maintain an aging infrastructure. Many mainline gas pipelines in the United States were built more than 60 years ago.
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Texas is the energy capital of the world. There is a significant concentration of pipeline construction companies here to take advantage of the state’s abundant resources and...
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Construction companies rely on establishing a reputation for completing quality work within time and budgetary constraints. They also need to develop a network of strong rela...
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The industry is heavily regulated by the Federal Energy Regulatory Commission, Department of Transportation and individual state Public Utilities Commissions. These entities ...
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Construction companies pay hefty prices for steel, aggregate, concrete and fuel. These expenses increased along with broader supply chain issues in recent years.
Including values and annual change:
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Key data sources in the US include:
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These sources include:
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The market size of the Oil & Gas Pipeline Construction in the US industry in United States is $47.4bn in 2024.
There are 1,870 businesses in the Oil & Gas Pipeline Construction in the US industry in United States, which has declined at a CAGR of 0.0 % between 2019 and 2024.
The market size of the Oil & Gas Pipeline Construction in the US industry in United States has been declining at a CAGR of 7.0 % between 2019 and 2024.
Over the next five years, the Oil & Gas Pipeline Construction in the US industry in United States is expected to grow.
The biggest companies operating in the Oil & Gas Pipeline Construction market in United States are Zachry Group, Bilfinger Se and Michels Corporation
Gas and oil pipeline construction and Gas main construction are part of the Oil & Gas Pipeline Construction in the US industry.
The company holding the most market share in United States is Zachry Group.
The level of competition is moderate and steady in the Oil & Gas Pipeline Construction in the US industry in United States.