Major Group SIC 4612 - Crude Petroleum Pipelines

SIC 4612 - Crude Petroleum Pipelines

SIC 46 - Pipelines, Except Natural Gas
SIC 01 - Agricultural Production Crops SIC 02 - Agricultural Production Livestock And Animal Specialties SIC 07 - Agricultural Services SIC 08 - Forestry SIC 09 - Fishing, Hunting, And Trapping SIC 10 - Metal Mining SIC 12 - Coal Mining SIC 13 - Oil And Gas Extraction SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels SIC 15 - Building Construction General Contractors And Operative Builders SIC 16 - Heavy Construction Other Than Building Construction Contractors SIC 17 - Construction Special Trade Contractors SIC 20 - Food And Kindred Products SIC 21 - Tobacco Products SIC 22 - Textile Mill Products SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials SIC 24 - Lumber And Wood Products, Except Furniture SIC 25 - Furniture And Fixtures SIC 26 - Paper And Allied Products SIC 27 - Printing, Publishing, And Allied Industries SIC 28 - Chemicals And Allied Products SIC 29 - Petroleum Refining And Related Industries SIC 30 - Rubber And Miscellaneous Plastics Products SIC 31 - Leather And Leather Products SIC 32 - Stone, Clay, Glass, And Concrete Products SIC 33 - Primary Metal Industries SIC 34 - Fabricated Metal Products, Except Machinery And Transportation Equipment SIC 35 - Industrial And Commercial Machinery And Computer Equipment SIC 36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment SIC 37 - Transportation Equipment SIC 38 - Measuring, Analyzing, And Controlling Instruments Photographic, Medical And Optical Good SIC 39 - Miscellaneous Manufacturing Industries SIC 40 - Railroad Transportation SIC 41 - Local And Suburban Transit And Interurban Highway Passenger Transportation SIC 42 - Motor Freight Transportation And Warehousing SIC 44 - Water Transportation SIC 45 - Transportation By Air SIC 46 - Pipelines, Except Natural Gas SIC 47 - Transportation Services SIC 48 - Communications SIC 49 - Electric, Gas, And Sanitary Services SIC 50 - Wholesale Trade-durable Goods SIC 51 - Wholesale Trade-non-durable Goods SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers SIC 53 - General Merchandise Stores SIC 54 - Food Stores SIC 55 - Automotive Dealers And Gasoline Service Stations SIC 56 - Apparel And Accessory Stores SIC 57 - Home Furniture, Furnishings, And Equipment Stores SIC 58 - Eating And Drinking Places SIC 59 - Miscellaneous Retail SIC 60 - Depository Institutions SIC 61 - Non-depository Credit Institutions SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services SIC 63 - Insurance Carriers SIC 64 - Insurance Agents, Brokers, And Service SIC 65 - Real Estate SIC 67 - Holding And Other Investment Offices SIC 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places SIC 72 - Personal Services SIC 73 - Business Services SIC 75 - Automotive Repair, Services, And Parking SIC 76 - Miscellaneous Repair Services SIC 78 - Motion Pictures SIC 79 - Amusement And Recreation Services SIC 80 - Health Services SIC 81 - Legal Services SIC 82 - Educational Services SIC 83 - Social Services SIC 84 - Museums, Art Galleries, And Botanical And Zoological Gardens SIC 86 - Membership Organizations or Unions And Similar Labor Organizations SIC 87 - Engineering, Accounting, Research, Management, And Related Services SIC 89 - Services, Not Elsewhere Classified SIC 96 - Administration Of Economic Programs
- SIC 461 - Pipelines, Except Natural Gas
  SIC 461 - Pipelines, Except Natural Gas
  - SIC 4612 - Crude Petroleum Pipelines
    SIC 4612 - Crude Petroleum Pipelines SIC 4613 - ines, Except Natural Gas SIC 4619 - Pipelines, Not Elsewhere Classified

Establishments primarily engaged in the pipeline transportation of crude petroleum. Field gathering lines are classified in Mining, Major Group 13.

Industry trends:

The Crude Petroleum Pipelines industry, categorized under NAICS 4612, is currently experiencing several qualitative trends driven by evolving market dynamics and sustainability initiatives. One major trend is the increasing emphasis on environmental, social, and governance (ESG) standards. Companies are investing in advanced technologies to minimize environmental impact, such as leak detection systems and automated monitoring solutions. This trend is partially driven by regulatory pressure and increasing stakeholder demand for sustainable practices.

Another notable shift is the consolidation within the industry. Mergers and acquisitions are becoming more common as companies seek to achieve economies of scale and enhance operational efficiencies. This trend is likely to persist in the near future, with larger firms absorbing smaller ones to expand their pipeline networks and market presence.

Additionally, there's a growing focus on digital transformation. Operators are leveraging data analytics, Internet of Things (IoT), and artificial intelligence (AI) to optimize pipeline operation and maintenance. Predictive maintenance technologies are reducing downtime and operational costs while enhancing safety measures.

In terms of forecasts, the demand for crude oil is anticipated to remain robust in the near future, sustaining the need for efficient pipeline infrastructure. However, the industry may face challenges from the global shift towards renewable energy sources. Companies will need to adapt by diversifying their services or investing in alternative energy transportation infrastructure to stay competitive.

This industry is comprised of:

Crude petroleum pipelines

Explore related industries:

SIC 1311 - Crude Petroleum And Natural Gas SIC 2911 - Petroleum Refining SIC 5171 - Petroleum Bulk Stations And Terminals

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