Carbon Steel Pipes in Oil & Gas Lifting Applications Market Valued at Over USD 7 Billion by 2028 – Comprehensive Research Report by FMI – QNT Press Release

DUBAI, United Arab Emirates, Jan 21, 2022 (GLOBE NEWSWIRE) — Global Carbon Steel Pipes in Oil and Gas Lifting Applications Market around the estimated value $5.57 billion 2022.The overall market is expected to grow steadily as the global demand for oil and gas continues to grow CAGR of 3.9% Between 2022 and 2028, the valuation will exceed $7 billion by 2028.

Attributes detail
Carbon Steel Pipes by Oil and Gas Lifting Applications Market Size Estimated in 2022 $5.57 billion
Carbon Steel Pipes in Oil and Gas Lifting Applications CAGR Based on Market Value (2022-2028) 3.9%
Projected Carbon Steel Pipe Industrial Energy Management Systems Market Size in Oil and Gas Lifting Applications in 2028 $7 billion

In a recently published analysis, Future Market Insights (FMI) examines various market dynamics including key drivers, trends and growth scenarios for the global carbon steel pipe market, focusing on carbon steel pipes in oil and the forecast period 2018-2028 within the natural gas industry. Market forecasts show that the sales revenue of carbon steel pipes for elevator applications in the oil and gas industry will reach an estimated US$7 billion by the end of 2028, up from an estimated US$4,799.5 billion at the end of 2018, with a moderate growth rate of 3.9% CAGR to 2028 .

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FMI predicts that increased drilling activity as crude oil prices recover will boost sales of carbon steel pipes, which are widely used in the oil and gas industry.

The growing number of horizontal wells in the U.S. coupled with the booming oil and gas…

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