The Global Market for Pipeline Transportation Solutions and Services is Projected to Exceed US$14 Billion by 2024

Growing Demand for Innovative and Advanced Pipeline Transportation Solutions for Improving Operational Efficiencies Drive Market Growth, 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$14 billion by 2024, driven by surging demand for innovative and advanced solutions for achieving operational excellence, and rising capital expenditure on pipeline infrastructure worldwide.

Pipeline transportation services and solutions are designed to fully automate the pipeline transportation process and augment overall efficiency in pipeline operations. Growing demand from midstream companies for innovative and advanced solutions to achieve operational excellence, create sustainable growth, and gain competitive advantage in terms of cost-effective and efficient transportation of oil and gas represent the primary factor driving growth in demand for pipeline transportation services and solutions. Transportation and storage of hydrocarbons, owing to their physical and chemical composition, require innovative, advanced, and resilient infrastructure that improve reliability, ensure public safety while reducing environmental impact. An end-to-end automation and control platform for pipeline system integrates measurement, station automation, pipeline management, systems for operation, pipeline leak detection, and geographic information systems (GIS) among others. 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 rising investments in pipeline infrastructure across the world against the backdrop of aging infrastructure in developed markets, and insufficient infrastructure in developing countries. Surging energy consumption and the resulting need for additional pipeline capacity and the rising need to access untapped geographic and end-use markets represent other important growth drivers. 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 consumption of natural gas; emergence of shale gas as a viable energy source; and growing demand for innovative and advanced solutions such as wireless sensing technologies, virtual pipelines, smart intelligent pigs for integrity management, and novel monitoring and surveillance technologies, among others.

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 12.8% over the analysis period.

Key players in the market include ABB Limited, Aconex Limited, CygNet Software Inc., Emerson Process Management Limited, Energy Solutions International (ESI), GE Grid Solutions, Huawei Technologies Co. Ltd., John Wood Group PLC, Metso Corporation, Nokia Networks, Open Access Technology International Inc., OTN Systems, Rockwell Automation Inc., ROSEN Swiss AG, SkyWave Mobile Communications, Schneider Electric SE, Siemens AG, TechnipFMC plc, Trimble Inc., 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, and Latin America. Pipeline types analyzed for the global and major regional markets include Oil Pipeline, Gas Pipeline, and Petroleum Products Pipeline.

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