Pipeline Transportation Market is Anticipated to Profit from Globalization of Renewable Energy

ThePipeline Transportation Marketaccounted for USD 17 Billion in 2021 and is estimated to reach USD 33.76 Billion in 2028, at a Compound Annual Growth Rate (CAGR) of10.3%. Pipeline transportation is a technique of transportation that entails the motion of solid, liquid, or gaseous products over lengthy distances via pipelines. This mode of transportation is mainly used for the transport of crude and refined petroleum products inclusive of oil and natural fuel. Pipelines are also useful for transporting different fluids including water, slurry, sewage, and beer. Pipelining the use of pneumatic tubes affords an answer for transporting the solids in some instances.

Pipeline transportation is ideal for unidirectional drift of goods and inflationary impacts have minimum impact at the shipping value. In evaluation with traditional transportation, pipeline transportation has numerous advantages along with low working cost, surroundings friendliness, flexibility, and entire automation of loading and unloading operations. These factors force the development of the pipeline transport market and are expected to enjoy growth at a completely excessive pace. The need for efficient and safe transportation of hazardous chemicals and other liquids and gasses exacerbates market growth. The presence of illegal activities and the risk of terrorist intervention are some of the factors that provide many opportunities for market growth.

The lack of skilled workers and technological expertise in underdeveloped and developing economies will serve as a barrier to market growth. Globalization in renewable energy sources will also affect the growth rate of the market. Also, delays in the supply of goods due to many closure restrictions and the existence of different regulations regarding the development of pipeline infrastructure will also affect the level of market growth. The outbreak of COVID-19 has had a terrible impact on the improvement of the Pipeline Transportation Market. The COVID-19 pandemic has inspired the call for pipeline transportation as they're without delay related to the source of raw substances including oil fields, refineries, and different chemical vegetation. To overcome the transportation problem, restraining precipitation all through the outbreak of pandemic brought about the funding of the presidency towards the improvement of transportation pipelines.

The Pipeline Transportation Market provides various solutions and is segmented on that basis as well. It includes security solutions, automation control, integrity & tracking solutions, and network communication solutions along with others. The market also covers services like consulting services, managed services, maintenance, and support. The Pipeline Transportation Market can also be divided depending upon the product type being transported. This is inclusive of oil & gas, coal, chemical, water, and others.

The global market for pipeline transportation is expanded over the regions of North America, Asia Pacific, Europe, Latin America, the Middle East & Africa. The Asia-Pacific region accounts for a large share of the pipeline transport market. The presence of developing and populous countries such as China, and India has increased the need for a variety of needs which has led to the development of pipeline transport systems. In this region, China, India, and Indonesia come in the top 20 countries with the largest pipeline network. China has approximately 86,921 Km of pipeline and is ranked fourth, while India has a pipeline length of 35,676 Km and is ranked tenth in the world in terms of pipeline length. The presence of large population-based countries in the region such as India and China have a high demand for oil and gas in power generation and transport fuel is a major factor contributing to market growth. In India, the government has invested in the construction of natural gas pipeline infrastructure across the country as there are many unused natural gas resources on the subcontinent. In addition, the Indian government's investment in wastewater treatment plants has led to the need for pipelines provided for sewage collection and other Industrial wastewater. This is expected to provide many opportunities for the growth of the pipeline transport market.

Some of the major market players of the Pipeline Transportation Market are- Alstom, Schneider Electric, ABB Ltd, ESRI, Siemens, Trimble Navigation Limited, Emerson, FMC Technologies, Rockwell Automation, and Alcatel-Lucent.