Oil & Gas - Steel Pipes & Tubes Market Statistics
The global oil & gas steel pipes & tubes market size was valued at US$ 86,564.7 million in 2023 and is estimated to grow at a compound annual growth rate (CAGR) of 3.8% from 2023 to 2030.
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Oil & gas - Steel pipes & tubes market highlights
- The global oil & gas segment generated a revenue of USD 86,564.7 million in 2023 and is expected to reach USD 126,008.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6.3% by 2030.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Market summary
| Market revenue in 2023 | USD 86,564.7 million |
| Market revenue in 2030 | USD 126,008.3 million |
| Growth rate | 6.3% (CAGR from 2024 to 2030) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
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Steel Pipes & Tubes Market Scope
Steel pipes & tubes market segmentation & scope
Infrastrcture
Industrial
Automotive
Industrial Manufacturing
Power & Energy
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Steel Pipes & Tubes Market Outlook
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