What Transformation Has the Gas Pipeline Infrastructure Market Undergone?
The gas pipeline infrastructure market has seen considerable growth due to a variety of factors.
• The growth of the gas pipeline infrastructure market has been stable in previous years. The market is projected to expand from $2756.98 billion in 2024 to $2863.22 billion in 2025, with a compound annual growth rate (CAGR) of 3.9%. Factors contributing to this growth during historical periods include the industrial revolution and urban growth, an increase in energy demands, discovery and extraction of resources, government policies as well as investment, progress in infrastructure, and concerns about the environment and corresponding regulations.
What Is The Forecast For The Gas Pipeline Infrastructure Market Size?
The Gas Pipeline Infrastructure market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the gas pipeline infrastructure market size is anticipated to experience consistent expansion. A compound annual growth rate (CAGR) of 4.1%.
is projected, taking the market value to $3367.13 billion by 2029. The prediction for growth in this period is due to factors such as renewable energy adoption, a move toward natural gas consumption, infrastructure upgrade initiatives, worldwide energy demand escalation, and international pipeline endeavors. Key ongoing trends during this forecast period involve transitions to renewable energy, advancements in smart pipeline technologies, the broadening of LNG trade, an emphasis on pipeline security, and shifting geopolitical dynamics.
What Are The Essential Drivers Behind The Growth Of The Gas Pipeline Infrastructure Market?
The anticipated rise in oil and gas consumption is set to bolster the expansion of the gas pipeline infrastructure market. The term 'oil and gas' encompasses the offsite drilling, production, aggregation, refining, distribution, and transportation processes. An uptick in oil and gas consumption usually triggers a surge in the requirement for energy transportation through pipelines. This, in turn, spurs the growth and development of gas pipeline infrastructure, which caters to the escalating demand for moving these resources from production locales to consumption sites. For instance, the report issued by the Energy Information Administration, a federal statistical system based in the US, in April 2023, notes that oil consumption in 2021 saw an increase of 5.3 million barrels per day (b/d). Moreover, the global liquid fuel consumption is projected to rise by 1.4 million b/d in 2023 and by 1.8 million b/d in 2024. Hence, an augmenting oil and gas consumption trend is the main driving force behind the growth of the gas pipeline infrastructure market.
How Is The Global Gas Pipeline Infrastructure Market Divided Into Key Segments?
The gas pipeline infrastructure market covered in this report is segmented –
1) By Equipment: Pipeline, Valves, Compressor Station, Metering Skids
2) By Operation: Transmission, Distribution
3) By Application: On-Shore, Off-Shore
4) By End User: Commercial, Residential
Subsegments:
1) By Pipeline: Steel Pipelines, Polyethylene Pipelines, Coated Pipelines
2) By Valves: Ball Valves, Gate Valves, Check Valves
3) By Compressor Station: Reciprocating Compressors, Centrifugal Compressors, Screw Compressors
4) By Metering Skids: Gas Flow Metering Skids, Pressure Regulating Metering Skids
Pre-Book The Gas Pipeline Infrastructure Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Trends Are Reshaping The Future Of The Gas Pipeline Infrastructure Market?
A strategy of collaboration is being adopted by key players in the gas pipeline infrastructure market to combine their resources and abilities towards gaining a cost advantage and boosting economic efficiency, which is pivotal for large-scale pipeline projects. Such collaborations aid companies in distributing the risks tied to pipeline projects, thereby lowering the financial pressure on each partner and making funding for the infrastructure more accessible. For example, in July 2022, DNV, a technical consultation and support provider company based in Norway, formed a strategic alliance with Pipeline Infrastructure Limited (PIL), a company specializing in pipeline infrastructure in India. The aim was to incorporate hydrogen into PIL's gas network assets in India. DNV is offering technical guidance to PIL for the successful infusion of blended hydrogen into its gas network assets, aligning with DNV's pledge towards upholding the objectives of the Paris Agreement and propelling their clients towards speedier transitions to a greatly decarbonized energy system.
Who Are the Key Players In The Gas Pipeline Infrastructure Market?
Major companies operating in the gas pipeline infrastructure market include:
• Gazprom Neft PJSC
• Snam SpA
• MRC Global Corporation
• National Oilwell Varco Inc.
• PT Pertamina Gas Negara Tbk
• TechnipFMC plc
• Kinder Morgan Inc.
• Saipem SpA
• Enbridge Inc.
• Europipe GmbH
• Australian Pipeline Limited
• Alliance Pipeline Ltd.
• DCP Midstream Partners LP
• Redexis Gas SA
• ChelPipe Group
• TC Energy Corporation
• Tenaris Inc.
• Trubnaya Metallurgicheskaya Kompaniya Group
• Mott Macdonald Group Ltd.
• Nippon Steel Corporation
• TotalEnergies SE
• Chevron Corporation
• British Petroleum plc
• Bharat Petroleum Corp. Ltd.
• McDermott International Inc.
• Pembina Pipeline Corporation
What Are The Regional Insights Into The Gas Pipeline Infrastructure Market?
North America was the largest region in the gas pipeline infrastructure market in 2024. Asia-Pacific is expected to be the fastest-growing region in the gas pipeline infrastructure market report during the forecast period. The regions covered in the gas pipeline infrastructure market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
