Pipeline Transport Market to grow by USD 26.71 billion between 2024-2028
According to a research report “ Pipeline Transport Market” by Type (Oil and gas, Water, Chemical and petrochemicals, Others) Application (Gathering, Transmission, Distribution, Feeder) Geography (North America, Europe, APAC, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 26.71 billion at a CAGR of 3.18% during the forecast period. In the energy sector, pipelines serve as a vital infrastructure for transporting substantial volumes of oil and natural gas, surpassing the capacity of traditional methods like rail, trucks, and vessels. This efficient and secure mode of transportation is essential for the oil and gas industry, addressing energy security concerns and ensuring the seamless transfer of resources from production sites to refineries..
Browse market data tables, figures, and in-depth TOC on “Pipeline Transport Market” by Type (Oil and gas, Water, Chemical and petrochemicals, Others) Application (Gathering, Transmission, Distribution, Feeder) Geography (North America, Europe, APAC, Middle East and Africa, South America) Global Forecast to 2028.
View detailed Table of Content- Click here
By Type, the Oil and gas segment is projected to dominate the market size in 2024.
In the oil and gas industry, Gathering applications are essential for transporting resources from production sites to processing facilities and main pipelines. Governments worldwide have recognized the importance of expanding gathering infrastructure to bolster energy security and stimulate local economies. Notably, the Biden administration in the US and Canada's federal government have prioritized investments in gathering systems, focusing on pipeline repairs and replacements to minimize methane emissions and fortify energy supply chains.
By Application, Gathering segment is expected to hold the largest market size for the year 2024.
The oil and gas production sector has significantly influenced the pipeline transport market's growth. However, this industry faces dynamic challenges and transformations. Government policies have been pivotal in shaping this sector. For instance, the Biden administration in the US has imposed stricter regulations on new oil and gas pipelines due to its focus on clean energy and environmental sustainability. Conversely, government initiatives to enhance infrastructure development and energy security in countries like India have fueled investments in pipeline transport infrastructure. The Nord Stream 2 project in Russia is a prime example of a government-led initiative to enhance oil and gas transportation.
North America is forecasted to hold the largest market size by region in 2024.
In the global pipeline transportation market, North America led the way in 2023, accounting for a significant market share. This region's growth can be attributed to the robust economic expansion in countries like the US, Canada, and Mexico. Government initiatives, such as the Pipeline Safety, Regulatory Certainty, and Job Creation Act of 2011, have bolstered investor confidence by enhancing safety standards and regulatory predictability. Notable projects, like the Atlantic Coast Pipeline, have contributed to the region's infrastructure development and met increasing energy demands.
The Pipeline Transport Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
.
For insights on company offerings- Request a sample report!
Research Analysis Overview
In the dynamic global market, pipeline transportation plays a significant role in the Chemical and Energy sectors, particularly in the Oil & gas industry. This method of transport offers flexibility, automation, and environment friendliness, making it an attractive alternative to conventional transportation. Pipelines facilitate the unidirectional flow of various commodities, including chemicals, water, coal, and natural gas, from gathering pipelines to distribution and transmission pipelines. The Pipeline Transport Market encompasses consulting services, managed services, and maintenance & support services. Network communications, integrity & tracking solutions, and security solutions are integral components of this market, ensuring efficient and secure operations. The market is influenced by factors such as operating cost, transport cost, inflationary influences, and the international monetary fund's policies. Renewable energy sources, such as wind and solar, are increasingly integrated into the pipeline network, expanding its scope beyond traditional fossil fuels. European countries and OPEC countries are key players in this market, with a focus on reducing reliance on conventional energy sources and promoting renewable resources. Pipeline transportation remains a vital solution for the Energy sector's sustainable growth.
Market Research Overview
In the dynamic and complex pipeline transport market, various sectors, including petroleum and chemical, rely heavily on this mode of transportation for the movement of essential feedstocks such as Natural Gas Liquids and hydrocarbons. Safety and environmental concerns are paramount in this industry, with carbon steel pipelines being a popular choice due to their strength and durability. Pipeline networks extend to diverse applications, from irrigation and drinking water to steam, hot water, and even beer production. The energy sector, particularly oil and gas, is a significant consumer of pipeline transportation services. Hazardous chemicals and fossil fuels, including crude oil and petroleum products, are transported through gathering, distribution, and transmission pipelines. Pipeline projects face challenges such as delays, transshipment losses, and terrain-related issues, necessitating initial investments and capital expenditures. The CXO perspective emphasizes the need for support services, including consulting, managed services, network communications, integrity & tracking solutions, and security solutions. Automation and control solutions are crucial for ensuring flexibility, environment friendliness, and cost efficiency. The pipeline transport market is influenced by factors like operating costs, transport costs, inflationary influences, and climate risk. The international monetary fund and European continent are actively investing in renewable energy and natural gas pipelines, such as the Nord Stream 2 pipeline, to reduce carbon emissions and mitigate climate change. OPEC countries and other exporters focus on LNG export terminals to cater to the global demand for fuels.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
