Pipeline Transportation Market Size is expected to reach USD Pipeline Transportation Market Bn by 2029 during the forecast period, Revenue and Growth Rate
The report published by Maximize Market research, on Pipeline Transportation market, covers an extensive regional analysis and competitive landscape. Over the forecast period, Pipeline Transportation Market size was valued at USD 19 Bn. in 2021 and the total Pipeline Transportation revenue is expected to grow by 7% from 2022 to 2029, reaching nearly USD 32.6 Bn.
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Pipeline Transportation Market Report Scope and Research Methodology
The report provides the market size and share of the Pipeline Transportation market. It covers the Pipeline Transportation market's most recent revenue and market trends. It provides Pipeline Transportation market overview, definition, and structure, as well as preventative and pre-planned management. The report focuses on the factors that influence the Pipeline Transportation market, such as gross margin, cost, market share, capacity utilisation, and supply. It also aids in determining the future potential of Pipeline Transportation Market in the next years. The report provides an analysis of the top players in the Pipeline Transportation market in terms of their size, market share, market growth, revenue, production volume, and profitability. The research includes which growth strategies are being used by key players, including strategic alliances and so on. The competitive landscape is a significant feature of the Pipeline Transportation industry that all key stakeholders in the industry look for. Geographically, the report is segmented into several key countries, with market size, growth rate and import and export of Pipeline Transportation market.
Pipeline Transportation Market Dynamics
The development of pipeline distribution and transmission systems has gained traction as demand for oil and gas has increased. The rapid pace of development has also resulted in several unprecedented pipeline accidents. This has increased the stringency of regulations. The Pipeline and Hazardous Materials Safety Administration (PHMSA), National Energy Board (NEB), and Petroleum and Natural Gas Regulatory Board are a few regulatory agencies around the world that develop policies and regulations to improve pipeline transportation market. The time-consuming nature of these constantly changing regulations necessitates additional assistance, reinforcing the need for consulting and managed services.
Pipeline Transportation Market Segmentation :
With growing consumer concern about carbon emissions and the inability to generate energy entirely from renewable resources, the spotlight has shifted to natural gas. Natural gas is increasingly being used in transportation and in homes for domestic purposes. As a result, there is a greater need for adequate distribution pipelines. The Natural Gas Vehicle (NGV) Association found the total number of natural gas vehicles in the world as of December 2019 is 28,540,819, with 33,383 natural gas fueling stations. The US Energy Information Administration (EIA), natural gas is used for space heating in more than half of the country's residential sector. These aspects are boosting the pipeline transportation market
The demand for energy has grown significantly over the past few years as a result of the swift development of industries around the world. Oil production has changed as a result of this. The majority of oil and gas reserves are only concentrated in a few areas of different regions, such as the OPEC countries; other countries rely on trade in oil and gas with these countries. Due to this, there is now greater demand for secure and dependable methods of shipping oil and gas across continents. Even though marine vehicles are frequently used to transport oil and gas across continents, the pipeline transportation market is still the most popular option in logistics because of its affordability. This is a strong trend that is boosting the market growth. The gas-in procedure for the first string of the Nord Stream 2 pipeline was announced to be completed on October 18, 2021, according to a press release. The pipeline was declared ready for gas transportation. The Nord Stream 2 is over 1230 kilometers long and runs from Russia to Germany through the Baltic Sea.
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Pipeline Transportation Market Key Players :
• John Wood Group PLC (UK)
• Siemens (Germany)
• Schneider Electric (France)
• Alstom (France)
• ABB Ltd (Switzerland)
• Ansaldo STS (Italy)
• Danfoss Inc (Denmark)
• NIPPON STEEL CORPORATION (Japan)
• Yokogawa Electric Corporation (Japan)
• Huawei Technologies Co., Ltd. (China)
Key Offerings:
- Market Share, Size Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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