How Has the Pipeline Transport Market Size Evolved in Recent Years?
The pipeline transport market has seen considerable growth due to a variety of factors.
• The market size for pipeline transport has seen significant expansion in the past few years. Growth is projected to increase from $159.71 billion in 2024 to $170.86 billion in 2025, with a compound annual growth rate (CAGR) of 7.0%.
The robust growth during the previous period is a result of economic advancement, infrastructure growth, increases in energy demand, regulatory amendments, and geopolitical influences.
What are the Market Size and Expected Growth Rates for the Pipeline Transport Market?
The pipeline transport market is expected to maintain its strong growth trajectory in upcoming years.
• Over the coming years, robust expansion is anticipated in the pipeline transport market, with its value predicted to reach $220.9 billion in 2029, reflecting a compound annual growth rate (CAGR) of 6.6%.
The predicted growth within that period is a consequence of a variety of factors such as the transition to renewable energy, environmental regulation, energy security, and a focus on digitalization and automation, as well as aims to reduce carbon emissions. The period is expected to witness several major market trends including a shift towards safer materials, heightened corporate environmental accountability, widespread adoption of smart technologies, expansion of the LNG infrastructure, and an increased emphasis on cybersecurity.
Which Key Drivers Are Propelling The Pipeline Transport Market's Growth?
Companies involved in pipeline transportation are increasingly incorporating augmented reality for improved maintenance processes. Augmented reality, or AR, is a sophisticated technology that amalgamates real-world visuals like photographs and videos with digitally produced information or visuals, viewable via types of outputs such as monitors or headsets. AR technology enhances digital components onto tangible realities, predominantly with the use of a headset or tablet which users can point at real-world objects. Within the pipeline transportation sector, AR headsets compatible with hard hats offer the ability to project instructions, which are required by technicians and visible on necessary equipment for carrying out inspections or systemic maintenance. The use of AR animations significantly improves efficiency and decreases mistakes and ambiguity by visualizing essential steps, tools and parts.
What Are The Key Segments Within The Global Pipeline Transport Market?
The pipeline transport market covered in this report is segmented –
1) By Type: Crude Oil Pipeline Transport, Natural Gas Pipeline Transport, Refined Petroleum Products Pipeline Transport, Other Pipeline Transport
2) By Solutions: Security Solutions, Automation And Control, Integrity And Tracking Solution, Network Communication Solution, Other Solutions
3) By Services: Consulting Service, Managed Service, Maintenance And Support
Subsegments:
1) By Crude Oil Pipeline Transport: Onshore Crude Oil Pipeline, Offshore Crude Oil Pipeline
2) By Natural Gas Pipeline Transport: Onshore Natural Gas Pipeline, Offshore Natural Gas Pipeline
3) By Refined Petroleum Products Pipeline Transport: Gasoline Pipeline Transport, Diesel Pipeline Transport, Jet Fuel Pipeline Transport, Other Refined Petroleum Products Pipeline
4) By Other Pipeline Transport: Water Pipeline Transport, Slurry Pipeline Transport, Chemical Pipeline Transport
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What Trends Are Shaping The Pipeline Transport Market?
Leading businesses in the pipeline transport industry are adopting next-generation gas distribution modules in order to gain a competitive edge. This is achieved by enhancing safety, efficiency, and the environmental sustainability of natural gas distribution. Mobile Pipeline modules, a form of gas distribution system, enable the conveyance of compressed and renewable natural gas to those who require it, at the time they require it. For instance, in January 2023, Hexagon Group AG, a US-based clean fuel solutions provider, unveiled the TITAN 450 modules. These symbolize the upcoming generation of gas distribution modules and will be employed to transport compressed and renewable natural gas (CNG and RNG) across North America. The TITAN 450 Mobile Pipeline modules allow the safe transportation of nearly half a million standard cubic feet of CNG or RNG in a 40-foot module. It facilitates customers in delivering more gas with fewer trips, consequently diminishing operating costs.
Who Are the Key Players In The Pipeline Transport Market?
Major companies operating in the pipeline transport market include:
• ABB Group
• Alcatel-Lucent Enterprise
• Emerson Electric Co.
• FMC Technologies Inc.
• Schneider Electric SE
• Kinder Morgan Inc.
• TransCanada PipeLines Limited
• Enbridge Inc.
• Williams Companies Inc.
• Energy Transfer LP
• Plains All American Pipeline LP
• Colonial Pipeline Company
• TC PipeLines LP
• Dominion Energy Inc.
• Magellan Midstream Partners L.P.
• DCP Midstream LP
• Buckeye Partners L.P.
• Crestwood Equity Partners LP
• ONEOK Inc.
• Enterprise Products Partners L.P.
• TC Energy Corporation
• Chevron Corporation
• Exxon Mobil Corporation
• Phillips 66
• Shell Pipeline Company LP
• EnLink Midstream Partners LP
• NuStar Energy L.P.
• Noble Midstream Partners LP
• Shell Midstream Partners L.P.
• CNX Midstream Partners LP
• Pembina Pipeline Corporation
• Keyera Corp.
• Inter Pipeline Ltd.
What Are The Regional Insights Into The Pipeline Transport Market?
North America was the largest region in the pipeline transport market in 2023. Asia-Pacific was the second largest region in the pipeline transport market. The regions covered in the pipeline transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
