Pipeline Transportation Market
Pipeline Transportation Market - Global Industry Assessment & Forecast
#
Pages:
168
2022
Jan - 2022
VMR-1183
Segments Covered
By
Type Oil & Gas, Coal, Chemical, Water, Others
-
By
Solutions Security Solutions, Automation and Control, Integrity and Tracking Solution, Network Communication Solution, Others
-
By
Services Consulting Service, Managed Service, Maintenance and Support
-
By
Region North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Snapshot
 Base Year:
|
2022 |
| Forecast
Years:
|
2023 - 2030 |
 Historical
Years:
|
2017 - 2021 |
 Revenue
2022: |
USD 18.73 Billion |
 Revenue 2030:
|
USD 40.75 Billion |
 Revenue CAGR
(2023 - 2030): |
10.20% |
Fastest Growing Region (2023 -
2030)
|
Asia Pacific |
Largest Region (2022):
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Pipeline Transportation Market: By Solution, Service, Type, and Region
Market Synopsis:
Global Pipeline Transportation market is valued at USD 18.73 Billion in 2022 and is projected to attain a value of USD 40.75 Billion by 2030 at a CAGR of 10.20% during the forecast period, 2022–2028. Much of the world's growing energy needs are supplied through oil and gas, coal, and water Pipeline Transportation. In addition, increased focus on environmental concerns has led to a larger emphasis upon alternative methods for transporting chemicals and other products that can be treated as hazardous. Pipeline transport is also used by many power-generating facilities to move large volumes of steam and high-pressure helium to remote areas which cannot be serviced cost effectively by truck or train. These reasons will continue to drive industry growth in the near future as well as lead to new opportunities such as those associated with unconventional pipelines such as those utilizing coiled tubing technology.
Higher Flexibility and Ability to Carry Large Loads to Drive demand for Pipeline Transportation Market
Pipeline Transportation Market Size, 2022 To 2030 (USD Billion)
AI (GPT) is here !!! Ask questions about Pipeline Transportation Market
Pipelines are favored because they can carry a large amount of product without being shut down for reconfiguration, as would have to occur if other means of transport were used. Although the initial capital expenditure is higher than that required for a tanker or rail car, it is more cost effective in the long term. Pipelines are also a stronger and more flexible option from an environmental standpoint. With pipelines being able to move oil efficiently over large distances with minimal emissions, there has been increasing attention on how pipeline transport can be setup as part of an overall solution to improving safety performance and reduce environmental impact within the industry using carbon capture and storage technologies. In addition, new methods such as line packing help further reduce emissions by ensuring that less hydrocarbon and other useful chemicals than would normally be evaporated and released into the atmosphere.
Growing Concerns about Pipeline Transportation Safety May Hamper Pipeline Transportation Market
The growing utilization of pipelines for oil and gas transport has led to an increase in the number of leaks, spills, and other environmental damage due to corrosion or equipment failure. In order to reduce such incidents, new technologies such as fiber optic cables which send information back from sensors on the pipe are being developed in order to detect problems before they occur. Other methods under research include ways to monitor internal pressure and temperature along with flow rates, which helps determine whether a problem is developing and can allow some form of corrective action (such as rerouting around a potential leak) without shutting down the entire line. Finally, new high-tech materials are being developed to give increased strength and durability while cutting down on corrosion, which can decrease the number of leaks.
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Market Segmentation:
Global Pipeline Transportation market is segmented by solution (security solutions, automation and control, integrity and tracking solutions, network communication solutions, and other), by services (consulting service, managed service, maintenance and support), by type (oil and gas, coal, chemical, water, and other).
Growing Concerns about Pipeline Transportation safety May Hamper the Transportation Pipeline Market
The growing utilization of pipelines for oil and gas transport has led to an increase in the number of leaks, spills, and other environmental damage due to corrosion or equipment failure. In order to reduce such incidents, new technologies such as fiber optic cables which send information back from sensors on the pipe are being developed in order to detect problems before they occur. Other methods under research include ways to monitor internal pressure and temperature along with flow rates, which helps determine whether a problem is developing and can allow some form of corrective action (such as rerouting around a potential leak) without shutting down the entire line. Finally, new high-tech materials are being developed to give increased strength and durability while cutting down on corrosion, which can decrease the number of leaks.
By Type, oil and Gas Industry to Dominate the Pipeline Transportation Market
Pipeline Transportation within oil and gas industry accounts for three fourth part of the total petroleum transport. Worldwide oil production through offshore fields is approximately 15 million barrels per day (bopd), whereas, oil pipelines are accountable to transport 60% of this daily volume. Most common utilization segments of the pipeline include upstream exploration & development, midstream transportation and downstream refining.
Some prominent trends that would continue gaining significance throughout next seven years are industrialization rapidly growing across Asia Pacific, Middle East and Africa, and Latin America regions coupled with their high economic growth having direct impact on demand for hydrocarbons; favorable policies by government encouraging expansion of existing as well as new infrastructures; rising demand for energy resources in developing countries to meet its industrial needs; increasing number of power plants, refineries and petrochemical units including upgradation of existing facilities etc. All this would ensure steady growth for the industry during next seven years. Growth opportunities are expected mainly in countries like China, India & Brazil where huge investment is being made to expand oil pipeline infrastructures.
Asia Pacific to Dominate Global Pipeline Transportation Market
The Asia-Pacific region dominates the Pipeline Transportation market by holding more than 34% of the global pipeline market in 2021. The region has strong presence of rapidly growing economies such as India, China, Thailand, Malaysia and Vietnam, and Singapore. These countries together have nearly 243,000 Km of pipelines transporting oil and gas. The presence of developing and highly populated countries such as China and India have increased the demand for various needs which led to the development of Pipeline Transportation systems.
China dominates the regional market by holding more than 32% share of the regional market. Pipeline Transportation is mostly done by transporting natural gas as it is cleaner fuel compared to other sources such as diesel, heavy fuel oil and naphtha. Moreover, natural gas can be easily transported by pipelines. China is the largest consumer of natural gas and will continue to increase its consumption rate in next few years.
India comes second in the regional market with a share of 5% where nearly 44,547 Km of pipelines transporting oil and gas. The regions demand for energy is increasing rapidly as it has third largest population in the world with size greater than Europe and America combined. Moreover, existing sources of energy are insufficient to meet future demands which have led companies to explore new ways of producing energy such as coal seam gas, shale gas, tight oil etc. India is currently experiencing economic growth and enjoys higher GDP per capita compared to previous years. This rapid economic growth has increased the living standards and changed the lifestyle of people. As a result, there is an increased demand for energy which will help to drive the Pipeline Transportation market in this region.
Key Players:
Some of the key players in the global Pipeline Transportation market are Alstom, Schneider Electric, ABB Ltd, ESRI, Siemens, Trimble Navigation Limited, Emerson, FMC Technologies, Rockwell Automation, and Alcatel-Lucent.
The Pipeline Transportation is Segmented as Follows:
Parameter
Details
Segments Covered
By Type
By Solutions
By Services
By Region
Regions & Countries Covered
Companies Covered
Report Coverage
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST
analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market
attractiveness analysis by segments and North America, company market share analysis, and COVID-19
impact analysis
Pricing and purchase options
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By Region (Revenue: USD Million, 2016 - 2028)
Vantage Market
Research | 21-Jan-2022
FAQ
Frequently Asked Question
What is the global demand for Pipeline Transportation in terms of revenue?
-
The global Pipeline Transportation valued at USD 18.73 Billion in 2022 and is expected to reach USD 40.75 Billion in 2030 growing at a CAGR of 10.20%.
Which are the prominent players in the market?
-
The prominent players in the market are Alstom, Schneider Electric, ABB Ltd, ESRI, Siemens, Trimble Navigation Limited, Emerson, FMC Technologies, Rockwell Automation, and Alcatel-Lucent..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 10.20% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Pipeline Transportation include
- Higher Flexibility and Ability to Carry Large Loads Supports the Market Growth
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Pipeline Transportation in 2022.
