Latest News- Pipeline Transport Market: Oil and gas is expected to lead the Type segment during 2025-2029

The Pipeline Transport Market is being driven by Benefits of pipelines over other modes of oil and gas transportation

The Pipeline Transport Market is expected to grow at a CAGR of 3.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 31.8 billion. The pipeline transport market is witnessing a notable shift towards the construction of pipelines for hydrogen transportation. Hydrogen, recognized as a clean energy source, plays a pivotal role in decarbonizing industries and achieving environmental goals. The demand for green hydrogen, produced via renewable energy sources through electrolysis, is fueling this trend. For instance, the European Union's ambition to attain carbon neutrality by 2050 is driving the development of a vast hydrogen pipeline network. Similarly, countries like Japan are investing in hydrogen infrastructure, planning to utilize pipelines for transferring hydrogen from production centers to consumption hubs. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Oil and gas
  • Water
  • Chemical and petrochemicals
  • Others
• Application
  • Gathering
  • Transmission
  • Distribution
  • Feeder
• Service
  • Consulting services
  • Managed services
  • Maintenance and support
• Geography
  • North America
    • Canada
    • Mexico
    • US
  • Europe
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Benefits of pipelines over other modes of oil and gas transportation
• Environmentally friendly nature of pipelines as mode of transport
• Increasing adoption of smart monitoring systems and corrosion-resistant materials

However, the market also witnesses some limitations, which are as follows:

• Requirement of constant surveillance and monitoring for smooth transportation
• Increased use of alternative energy sources
• High cost of maintenance of pipeline and transportation infrastructure

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Market Scope in Pipeline Transport Market Research Report

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Research Analysis Overview

The pipeline transport market encompasses various technologies and services for ensuring the integrity, management, and safety of pipelines. These include pigging operations for cleaning and inspecting pipelines, non-destructive testing methods like inline inspection, hydrostatic testing, and non-destructive examinations. Other crucial aspects are pipeline integrity management, asset management, and the use of pipeline GIS, CAD, BIM, 3D modeling, remote monitoring, predictive maintenance, and condition assessment. Additionally, pipeline protection techniques such as cathodic protection, anodic protection, stress analysis, fatigue analysis, fracture mechanics, welding, coating application, and insulation application are essential. Commissioning, startup, shutdown, emergency response, spill prevention, spill response, regulatory compliance, cyber security, and data security are also vital components of pipeline transport market offerings.

Market Research Overview

The pipeline transport market encompasses businesses involved in the transmission and storage of gas, oil, and refined products. This sector is a crucial component of the oil and gas value chain, known as midstream. According to Technavio, the market size is determined by the consolidated revenues generated by providers of pipeline equipment, supplies, and services. Factors fueling the expansion of the global oil and gas storage and transportation market include escalating energy demand, dwindling fossil fuel reserves, price volatility, and environmental concerns. To ensure the reliability and efficiency of pipeline infrastructure, it is essential to prioritize pipeline integrity, monitoring, inspection, maintenance, rehabilitation, and construction.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/