Pipeline Transportation includes organizations involving in transportation of crude and refined petroleum fuels such as oil, natural gas and biofuels. It is a technique of transportation in which liquid, gaseous, or solid products are transported over long distances through pipelines. It is used mainly for carrying natural gas, petroleum, and solid materials.
The global pipeline transportation market was valued at $134.7 billion in 2017. North America was the largest geographic region accounting for $47.36 billion or 35.16% of the global market. And the USA was the largest country accounting for $35.98 billion or 26.71% of the global pipeline transportation market.
Oil pipeline transportation companies are increasingly using Internet of Things (IoT) to create new opportunities in the industry. IoT links assets, people, products, and services to streamlining the flow of data, makes real-time choices, and improves asset performance, process, and product quality. Major oil pipeline players have already started designing strategies integrated with IoT.
Companies Covered: ABB Group, Alcatel-Lucent, Emerson Electric Co, FMC Technologies, Schneider Electric
Market Segments Included: Crude Oil Pipeline Transportation; Natural Gas Pipeline Transportation; Refined Petroleum Products Pipeline Transportation; Others
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