The Natural Gas Pipeline Transportation industry comprises establishments primarily engaged in the pipeline transportation of natural gas.
The global natural gas pipeline transportation market was valued at $7.6 billion in 2017. North America was the largest geographic region accounting for $2.7 billion or 35.2% of the global market. The USA was the largest country accounting for $2.0 billion or 26.2% of the global natural gas pipeline transportation market.
With an exponential increase in the advanced analytical technologies, there is a high demand in the natural gas pipeline transportation market. With the increase in the usage of Internet of Things (IoT) in the this industry, the flow of data, making real-time choices, improved asset performance, process, and product quality has become much simpler. The technology empowers people and creates new opportunities. Major players have already started designing strategies integrated with IoT. The technology allows machines to provide detailed diagnostics and data while sharing information about processes in real time and will be uplifting the natural gas pipeline transportation market in upcoming years.
Companies Covered: ABB, GE Oil & Gas,Saipem, Technip, Enterprise Product Partners
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