Press release
Gas Pipeline Infrastructure Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region
Gas Pipeline Infrastructure
The Business Research Company offers in-depth market insights through Gas Pipeline Infrastructure Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The gas pipeline infrastructure market size has grown steadily in recent years. It will grow from $2673.87 billion in 2023 to $2778.98 billion in 2024 at a compound annual growth rate (CAGR) of 3.9%. The growth in the historic period can be attributed to industrial revolution and urbanization, energy demand growth, resource discovery and extraction, government policies and investments, infrastructure modernization, environmental concerns and regulations..
The gas pipeline infrastructure market size is expected to see steady growth in the next few years. It will grow to $3238.13 billion in 2028 at a compound annual growth rate (CAGR) of 3.9%. The growth in the forecast period can be attributed to renewable energy integration, shift towards natural gas usage, infrastructure modernization programs, global energy demand growth, international pipeline projects. . Major trends in the forecast period include transition to renewable energy, smart pipeline technologies, expansion of lng trade, focus on pipeline safety, evolving geopolitical dynamics..
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Market Segmentation:
The gas pipeline infrastructure market covered in this report is segmented -
1) By Equipment: Pipeline, Valves, Compressor Station, Metering Skids
2) By Operation: Transmission, Distribution
3) By Application: On-Shore, Off-Shore
4) By End user: Commercial, Residential
Major Driver - The Impact Of Rising Oil And Gas Consumption On The Gas Pipeline Infrastructure Market
An increase in oil and gas consumption is expected to propel the growth of the gas pipeline infrastructure market going forward. Oil and gas refers to the external drilling, production, gathering, refining, distribution, and transportation of oil and gas. Higher oil and gas consumption typically leads to increased demand for energy transportation via pipelines. This drives the expansion and development of gas pipeline infrastructure to meet the growing demand for transporting these resources from production sites to consumption areas. For instance, in April 2023, according to the report published by the Energy Information Administration, a US-based federal statistical system, in 2021, oil consumption climbed by 5.3 million barrels per day (b/d). It is further expected to increase by 1.4 million b/d in global liquid fuel consumption in 2023, and 1.8 million b/d in 2024. Therefore, an increase in oil and gas consumption is driving the growth of the gas pipeline infrastructure market.
Competitive Landscape:
Major companies operating in the gas pipeline infrastructure market report are Gazprom Neft PJSC, Snam SpA, MRC Global Corporation, Crutcher Rolfs Cummings Inc., National Oilwell Varco Inc., General Electric Company, PT Pertamina Gas Negara Tbk, TechnipFMC plc, Kinder Morgan Inc., Saipem SpA, Enbridge Inc., Europipe GmbH, Australian Pipeline Limited, Alliance Pipeline Ltd., DCP Midstream Partners LP, Redexis Gas SA, ChelPipe Group, TC Energy Corporation, Tenaris Inc., Trubnaya Metallurgicheskaya Kompaniya Group, Mott Macdonald Group Ltd., Nippon Steel Corporation, TotalEnergies SE, Chevron Corporation, British Petroleum plc, Qatar Jet Fuel Company, Allied Aviation Services Inc., Bharat Petroleum Corp. Ltd., McDermott International Inc., Pembina Pipeline Corporation .
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Top Trend - Strategic Partnerships Driving Growth And Decarbonization In The Gas Pipeline Infrastructure Market
Major companies operating in the gas pipeline infrastructure market are developing strategic partnerships to combine their resources and expertise, achieving cost efficiencies and improving the economies of scale, which is crucial for large-scale pipeline projects. Partnerships enable companies to share the risks associated with pipeline projects, reducing the financial burden on individual partners and making it easier to secure funding for the infrastructure. For instance, in July 2022, DNV, a Norway-based company providing technical advice and support partnered with Pipeline Infrastructure Limited (PIL), an India-based pipeline infrastructure company to integrate hydrogen into PIL's gas network assets in India. DNV is providing technical advice and support to PIL on the integration of blended hydrogen into its gas network assets. The collaboration is part of DNV's commitment to realizing the goals of the Paris Agreement and supporting customers to transition faster to a deeply decarbonized energy system.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Gas Pipeline Infrastructure Market Characteristics
3. Gas Pipeline Infrastructure Market Trends And Strategies
4. Gas Pipeline Infrastructure Market - Macro Economic Scenario
5. Gas Pipeline Infrastructure Market Size And Growth
…..
27. Gas Pipeline Infrastructure Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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