How Has the Natural Gas Pipeline Transport Market Size Evolved in Recent Years?
The natural gas pipeline transport market has seen considerable growth due to a variety of factors.
• Over the past few years, the market size for natural gas pipeline transportation has experienced considerable growth. It is expected to increase from $18.85 billion in 2024 to $20.04 billion in 2025, indicating a compound annual growth rate (CAGR) of 6.3%. Key drivers behind this unprecedented growth historically include the demand and consumption of energy, considerations for the environment, the transition towards cleaner energy sources, economic growth coupled with industrial expansion, energy security driven by government policies, and the global trade within interconnected gas markets.
What are the Market Size and Expected Growth Rates for the Natural Gas Pipeline Transport Market Size In The Coming Years?
The Natural Gas Pipeline Transport market is expected to maintain its strong growth trajectory in upcoming years.
• The market for natural gas pipeline transport is projected to witness substantial expansion in the upcoming years, growing to a valuation of $24.84 billion in 2029, with a compound annual growth rate (CAGR) of 5.5%.
The anticipated growth for the forecasted era is due to factors such as the incorporation of renewable energy and gas-to-power, the shift towards low-carbon energy systems, growth in infrastructure investments and improved energy access, increasing demand for natural gas in developing markets, as well as climate change mitigation and emission reduction targets. Noteworthy trends expected during the forecast period involve the integration of renewable gas, upgrade of outdated pipeline infrastructure, regulatory backing for pipeline progress, tilt towards long-distance and cross-border pipelines, and the inclusion of cybersecurity safeguards.
Which Key Drivers Are Propelling The Natural Gas Pipeline Transport Market's Growth?
The growth of the natural gas pipeline transport market is anticipated to be propelled by the heightened consumption of natural gas. Commonly derived from plant and animal remnants, natural gas is a form of fossil fuel. It is usually transported to various markets through natural gas pipelines, often traversing provincial or even international boundaries to satisfy demand. Therefore, it's anticipated that augmented consumption will stimulate the growth of the natural gas pipeline transport market. For instance, a January 2023 report by the Energy Information Administration - a statistical agency of the Department of Energy in the US - indicated that the country's natural gas usage peaked at an unprecedented daily high of 141.0 billion cubic feet (bcf) in 2023. Moreover, the natural gas consumption within the electric power sector saw a 45% rise in December 2022. Consequently, the heightened consumption of natural gas is a key driver of the natural gas pipeline transport market's growth.
What Are The Key Segments Within The Global Natural Gas Pipeline Transport Market?
The natural gas pipeline transport market covered in this report is segmented –
1) By Type: Gathering Pipeline, Transportation Pipeline, Distribution Pipeline
2) By Pipeline Component: Transmission Pipes, Compressor Stations, Metering Stations, Valves
3) By Application: Onshore, Offshore
Subsegments:
1) By Gathering Pipeline: Onshore Gathering Systems, Offshore Gathering Systems
2) By Transportation Pipeline: High-Pressure Transmission Pipelines, Interstate And Intrastate Pipelines
3) By Distribution Pipeline: Local Distribution Networks, Regulator Stations
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How Are New Trends Impacting The Size Of The Natural Gas Pipeline Transport Market?
The emergence of new technologies is a key trend becoming prevalent in the natural gas pipeline transportation industry. Renowned companies in this market are focusing on innovation to maintain their market positions. For example, in December 2022, ABB Ltd, a digital technology firm based in Switzerland, introduced Sensi+, an advanced analyzer designed to improve efficiency and reduce costs associated with pipeline operations and maintenance. The device ensures safer, simplified, and more effective pipeline monitoring and operations by accurately and instantly assessing up to three pollutants (H2S, H2O, and CO2) in any natural gas stream. The Sensi+ analyzer is equipped with ABB's AnalyzerExpert features, which enable specialists to derive insights and take appropriate measures directly from the device. This device boasts features like built-in self-diagnostics, automatic laser line-locking, real-time cross-interference compensation, and health monitoring.
Who Are the Key Players In The Natural Gas Pipeline Transport Market?
Major companies operating in the natural gas pipeline transport market include:
• Saipem SpA
• Technip Energies NV
• Enterprise Products Partners LP
• Kinder Morgan Inc.
• Chevron Corporation
• PetroChina Company Limited
• China Petroleum & Chemical Corporation
• Transneft PJSC
• Enbridge Inc.
• Oneok Inc.
• Berkshire Hathaway Energy
• Energy Transfer LP
• Pembina Pipeline Corporation
• Williams Companies Inc.
• TC Energy Corporation
• Cheniere Energy Inc.
• Sempra Energy
• National Grid plc
• Antero Midstream Corporation
• Crestwood Equity Partners LP
• DCP Midstream LP
• Targa Resources Corp.
• Boardwalk Pipeline Partners LP
• MPLX LP
• Plains All American Pipeline LP
• Shell Midstream Partners LP
• EnLink Midstream Partners LP
• Summit Midstream Partners LP
• NGL Energy Partners LP
What Are The Regional Insights Into The Natural Gas Pipeline Transport Market?
North America was the largest region in the natural gas pipeline market in 2024. Asia-Pacific is expected to be the fastest-growing region in the natural gas pipeline transport market report during the forecast period. The regions covered in the natural gas pipeline transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
