Pipeline Transportation Market is predicted to reach USD 37.18 billion at a CAGR of 5.70% during the forecast period
Pipeline Transportation Market Trends, Growth, Forecast 2034 | MRFR
Market Research Future (MRFR) has published a cooked research report on the “Global Pipeline transportation Market” that contains information from 2018 to 2034. The pipeline transportation Market is estimated to register a CAGR of 5.70% during the forecast period of 2025 to 2034.
MRFR recognizes the following companies as the key players in the global pipeline transportation Market— ABB (Switzerland),Emerson Electric Co. (U.S.),ESRI (India),FMC Technologies (U.S.),Rockwell Automation, Inc. (U.S.),Schneider Electric (France),Siemens (Germany),Trimble Navigation Limited (U.S.)),IDS GmbH (Germany),Baker Hughes (U.S.),Halliburton (U.S.),National Oilwell Varco (U.S.),John Wood Group PLC (U.K.).
Pipeline Transportation Market Highlights
The global pipeline transportation Market is accounted to register a CAGR of 5.70% during the forecast period and is estimated to reach USD 37.18 Billion by 2032.
The efficient and secure transfer of liquids and gases across a variety of sectors is greatly aided by the pipeline transportation market. The market is expanding, with a focus on pipeline infrastructure expansion and technological developments. Growth is being driven by factors like rising energy consumption, expanding oil and gas production, and rising demand for water and wastewater management.
Segment Analysis
The global pipeline transportation Market has been segmented based type, solution, service, and application.
On the basis of type, the market is segmented into transmission pipeline, distribution pipeline, gathering pipeline. With 35% of market revenue. The market was dominated by the transmission pipeline industry. Transmission pipes are used to carry fuels across extremely long distances, such as between power plants or, in the case of fuels, even between countries.
Based on solution, the global pipeline transportation Market has been segmented into automation and control, security solutions, integrity and tracking solutions, and network communication solutions. The category of network communication solutions had the highest level of revenue. Rapid virtualization of the pipeline transportation system and the integration of detection and management equipment with communication equipment are two important factors boosting demand for network communication solutions in the pipeline transportation market.
Based on service, the global pipeline transportation market has been segmented into managed services, consulting services, and maintenance & support services. Maintenance & support services category generated the greatest revenue. Due to the growth in oil spills from subsea pipeline transportation and the leaking of hazardous chemicals over the past several years, there is a greater demand for maintenance and support-based services in the pipeline transportation sector.
Based on application, the market is segmented into oil & gas, water, coal, others. The most revenue was generated by the Oil & Gas segment. This is due to the fact that oil and gas have several end-use applications in the paints, chemicals, and automobile industries.
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Regional Analysis
The global pipeline transportation Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe pipeline transportation Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The pipeline transportation Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World pipeline transportation Market comprises of Middle East, Africa, and Latin America.
The North America Pipeline Transportation Market dominated this market in 2022 (45.80%). This is a result of the area's excellent pipeline infrastructure development. As demand for natural gas and electricity rises, pipelines across the United States and Canada are under strain.
Moreover, the second-largest market share belongs to the Pipeline Transportation market in Europe. In January 2020, Russian President Vladimir Putin said that $300 billion in incentives would be provided for new oil and gas projects located north of the Arctic Circle. As a result, more money will likely be invested in pipeline infrastructure across the country.
Additionally, from 2023 to 2032, the Asia-Pacific Pipeline Transportation Market is anticipated to experience the quickest CAGR growth. The need for oil and gas transportation pipelines is expanding sharply along with the demand for energy. Due to its high level of industrialization, China has the largest market in the region. A substantial gas pipeline worth USD 1.3 billion would be erected in North China, according to a PipeChina announcement from April 2021.
Furthermore, the necessity for effective liquid and gas transportation as well as rising energy demands are driving expansion in the Latin American pipeline transportation market. The market is driven by the area's abundant natural resources, which include oil and gas deposits. Opportunities for market expansion in Latin America are presented by investments in the construction of pipeline infrastructure and interregional connections.
Key Findings of the Study
- The global pipeline transportation Market is expected to reach USD 37.18 Billion by 2034, at a CAGR of 5.70% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to the need for energy is significantly rising, which drives the demand for oil and gas transportation pipes.
- Based on application, the oil & gas segment was attributed to holding the largest market in 2022.
- ABB (Switzerland),Emerson Electric Co. (U.S.),ESRI (India),FMC Technologies (U.S.),Rockwell Automation, Inc. (U.S.),Schneider Electric (France),Siemens (Germany),Trimble Navigation Limited (U.S.)),IDS GmbH (Germany),Baker Hughes (U.S.),Halliburton (U.S.),National Oilwell Varco (U.S.),John Wood Group PLC (U.K.).