$16.0bn
$X.Xbn
9,581
80
$X.Xbn
Technological advances in directional drilling and hydraulic fracturing have enabled upstream producers in the United States to exploit tight oil reserves and hydrocarbons trapped within impermeable rock. The boom has transformed the US into an energy powerhouse capable of filling the global supply gap created by sanctions on Russia's energy exports. There has been a steady rise in Natural Gas Liquid (NGL) production, including propane and ethane. Soaring industrial and construction activities drove sales of electric power generators, which fueled demand for diesel and gasoline. Revenue has been increasing at a CAGR of 4.0% over the past five years, and is expected to reach $16.0 billion in 2024.
Industry revenue has grown at a CAGR of 4.0 % over the past five years, to reach an estimated $16.0bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Magellan Midstream Partners, L.P. | 2,292.2 | 988.5 | 43.1 | |
Enterprise Products Partners L.P. | 1,988.5 | 295.2 | 14.8 | |
Kinder Morgan Energy Partners L P | 1,177.7 | 175.3 | 14.9 |
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Industry revenue is measured across several distinct product and services lines, including Motor gasoline transportation, Natural gas liquid transportation and Distillate fuel transportation. Motor gasoline transportation is the largest segment of the Refined Petroleum Pipeline Transportation in the US.
Internal combustion engines dominate the automotive industry, while electric vehicles pose a threat
Operators in this industry transport refined petroleum products via pipeline systems. The major products transported are gasoline, diesel and aviation fuel. Pipelines that carry natural gas liquids are also included.
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NAICS 48691 - Refined Petroleum Pipeline Transportation 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.
Elevated crude oil prices drove up production. Petroleum pipelines, which are the primary distributors of petroleum throughout the US, were the main beneficiaries.
Learn about an industry's products and services, markets and trends in international trade.
Petroleum retailers and wholesalers are the direct buyers of refined products. The increasing vehicle fuel efficiency and introduction of electric vehicles dampen demand for ...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The Southwest has the most establishments. The cluster of oil and gas producers in Texas contributes to the state's concentration of establishments because its proximity to k...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Geographic barriers limit competition between pipelines. Petroleum pipeline operators are typically subject to moderate levels of internal competition, particularly over larg...
Learn about the performance of the top companies in the industry.
OneOK acquired Magellan Midstream. Acquisition drives a wave of consolidation where large players merge to compete with growing competition from small and medium sized enterp...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The Pipeline Operators’ Conference (POC) promotes safety and efficiency. It offers educational programs and a platform for companies to collaborate on industry initiatives.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Depreciation is the largest expense for petroleum pipeline operators. Pipeline distribution requires an extensive network of pipelines and investment into infrastructure supp...
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Refined Petroleum Pipeline Transportation in the US industry in United States is $16.0bn in 2024.
There are 80 businesses in the Refined Petroleum Pipeline Transportation in the US industry in United States, which has grown at a CAGR of 2.4 % between 2019 and 2024.
The market size of the Refined Petroleum Pipeline Transportation in the US industry in United States has been growing at a CAGR of 4.0 % between 2019 and 2024.
Over the next five years, the Refined Petroleum Pipeline Transportation in the US industry in United States is expected to grow.
The biggest companies operating in the Refined Petroleum Pipeline Transportation market in United States are Magellan Midstream Partners, L.P., Enterprise Products Partners L.P. and Kinder Morgan Energy Partners L P
Pipeline transportation of gasoline and Pipeline transportation of diesel are part of the Refined Petroleum Pipeline Transportation in the US industry.
The company holding the most market share in United States is Magellan Midstream Partners, L.P..
The level of competition is moderate and steady in the Refined Petroleum Pipeline Transportation in the US industry in United States.