The Global Market for Pipeline Transportation Solutions is Projected to Reach US$11 Billion by 2020
Rising CAPEX on Pipeline Infrastructure Drives Demand
for Pipeline Transportation Solutions & Services, According to a New Report
by Global Industry Analysts, Inc.
GIA launches comprehensive
analysis of industry segments, trends, growth drivers, market share, size and
demand forecasts on the global Pipeline Transportation market. The global market for Pipeline Transportation
Solutions and Services is projected to exceed US$11 billion by 2020, driven by rising capital expenditure on pipeline
infrastructure worldwide against the backdrop of aging infrastructure in
developed markets, and insufficient infrastructure in developing countries.
Pipeline transportation
solutions and services equip pipeline operators with robust tools for dealing
with challenges and issues in day-to-day operations of pipeline systems.
Information and communication technology (ICT) solutions for Automation &
Control, Integrity Management, Security, Monitoring & Surveillance,
Scheduling & Optimization, and Network Communication enable pipeline
operators to seamlessly and uninterruptedly manage their pipeline systems in an
efficient and resourceful manner. Similarly, consultancy services, project
management services, and maintenance & support services from third-party
specialist vendors enable effective management and operation of pipeline
infrastructure. Offering the much needed benefits such as superior operational
efficiency, significant reduction in lifecycle costs, reduced downtimes,
compliance with regulatory and ethical requirements, and safety and security of
pipeline systems, the software-based ICT solutions and specialist third-party
services are increasingly being sought by pipeline operators.
Future growth in the
market will be driven by surging energy consumption and the resulting need for
additional pipeline capacity and the rising need to access untapped geographic and end-use markets.
While the soaring image of pipelines as the most viable mode of transportation
continues to build strong momentum for pipeline transportation solutions and
services, the stable upward movement in the global oil & gas sector despite
the declining oil prices and uncertain exploration investments is creating a
highly conducive environment for market penetration and growth. Other factors
poised to benefit market expansion in the near term include growing production
and supply of natural gas; emergence of shale gas as a viable energy source;
and increasing capital expenditure on pipeline infrastructure. Aging
infrastructure in developed markets, underdeveloped and insufficient
distribution infrastructure in developing countries, natural gas application in
power generation, and replacement of the steadily depleting sources of supply
represent primary factors driving growth in capital expenditure on pipeline
infrastructure.
As stated by the new
market research report on Pipeline Transportation, the United States represents the largest market
worldwide. Rapid growth of the domestic natural gas sector over the previous
10-year period, presence of large natural gas and shale gas exploration
projects, deregulation of entry-level policies, liberalization of gas prices,
and unbundling of pipeline transportation from gas commercialization have all
resulted in huge investments into pipeline infrastructure development projects
in the country thereby driving robust demand for related solutions and
services. Asia-Pacific represents the fastest growing market with a CAGR of
14.4% over the analysis period.
Key players covered in the
report include ABB Group, Aconex Limited, Alcatel-Lucent S.A, CygNet Software,
Inc., Emerson Process Management, Energy Solutions International (ESI), FMC
Technologies, Inc., General Electric Company, Huawei Technologies Co., Ltd.,
John Wood Group PLC, Metso, Open Access Technology International, Inc., OSCOMP
Holdings, LLC, OTN Systems, Rockwell Automation, Inc., ROSEN Group, SkyWave
Mobile Communications, Schneider Electric SA, Siemens AG, Trimble Navigation
Ltd., Yokogawa Electric Corporation, and ZTE Corporation, among others.
The research report titled
“Pipeline Transportation: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides
a comprehensive review of market trends, drivers, mergers, acquisitions and
other strategic industry activities of major companies. The report provides
market estimates and projections for all major geographic markets such as the
US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest
of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Middle East
& Africa, Latin America, and Rest of World. Pipeline types analyzed in the
report the global and major regional markets include Oil Pipeline, Gas
Pipeline, and Petroleum Products Pipeline.
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