Gas Pipeline Infrastructure Market Share, Size, Key Players, Opportunity and Forecast 2024-2032

IMARC Group, a leading market research company, has recently releases report titled “Gas Pipeline Infrastructure Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” The study provides a detailed analysis of the industry, including the global gas pipeline infrastructure market share, size, trends, and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the gas pipeline infrastructure market?

The global gas pipeline infrastructure market size reached US$ 2.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 3.8 Billion by 2032, exhibiting a growth rate (CAGR) of 3.69% during 2024-2032.

Factors Affecting the Growth of the Gas Pipeline Infrastructure Industry:

• Increasing global demand for natural gas:

One of the most significant factors driving the gas pipeline infrastructure market is the rising global demand for natural gas. As economies grow and energy consumption increases, natural gas has emerged as a key fuel due to its relatively lower carbon emissions compared to coal and oil. It is increasingly being used for electricity generation, heating, and as a feedstock in various industrial processes. The demand for natural gas is particularly strong in developing countries, where rapid economic growth is fueling energy needs. Alongside this, there is a corresponding need to expand and enhance gas pipeline infrastructure to ensure efficient and reliable delivery of natural gas from production sites to end-users, thus bolstering the market growth.

• Expansion of urbanization and industrialization:

The rapid expansion of urbanization and industrialization is another key factor driving the gas pipeline infrastructure market. As cities grow and industrial activities increase, the demand for a stable and efficient energy supply becomes more critical. Natural gas is favored in urban areas due to its efficiency, affordability, and lower environmental impact compared to other fossil fuels. The growth of industries, particularly in sectors such as manufacturing, chemicals, and power generation, has also increased the need for a reliable natural gas supply. Additionally, the development of new industrial zones and special economic regions further necessitates the expansion of gas pipeline infrastructure to meet the energy demands of these areas, impelling the market growth.

• Ongoing shift towards cleaner energy sources:

With increasing awareness of climate change and the need to reduce greenhouse gas (GHG) emissions, many countries are transitioning from coal and oil to natural gas as a bridge fuel towards a low-carbon future. Natural gas, being the cleanest fossil fuel, is seen as a crucial component in achieving this transition, particularly in electricity generation and industrial applications. Governments worldwide are implementing policies and incentives to encourage the use of natural gas, leading to increased investments in pipeline infrastructure to support the growing demand. Furthermore, the development of liquefied natural gas (LNG) infrastructure, which allows for the transportation of gas over long distances, is also driving the need for expanded pipeline networks to facilitate the distribution of LNG, thus contributing to the market expansion.

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Gas Pipeline Infrastructure Market Report Segmentation:

Breakup by Operation:

• Gathering
• Transmission
• Distribution

Distribution accounts for the majority of shares as they are essential for delivering natural gas to end-users, making them the most prominent segment in pipeline infrastructure.

Breakup by Equipment:

• Pipeline
• Valves
  • Ball Valve
  • Gate Valve
  • Plug Valve
• Compressor Station
  • Turbine
  • Motors
• Metering Skids

Pipeline dominates the market as they are used to transport gas over long distances.

Breakup by Application:

• Onshore
• Offshore

Onshore represented the majority of shares due to their cost-effectiveness and ease of construction compared to offshore alternatives.

Breakup By Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

North America enjoys the leading position due to its extensive network of gas pipelines and high demand for natural gas.

Global Gas Pipeline Infrastructure Market Trends:

With the increasing adoption of natural gas for residential heating and cooking in emerging economies as these regions develop, there is a growing need to expand gas pipeline networks to connect rural and suburban areas, ensuring reliable access to natural gas for households and aiding the market growth. Moreover, the surge in cross-border pipeline projects driven by regional energy cooperation agreements as countries seek to diversify their energy sources and ensure stable supplies, multinational pipeline initiatives are expanding, enhancing connectivity and infrastructure across borders and regions, supporting the market growth.

Who are the key players operating in the industry?

The report covers the major market players including:

• APA Group
• CRC Evans Pipeline
• Enagás S.A
• Enbridge Inc
• Europipe GmBH
• GAIL (India) Limited
• MRC Global Inc
• Saipem S.p.A.
• TC Energy Corporation

Browse the full report with TOC and List of Figures: https://www.imarcgroup.com/gas-pipeline-infrastructure-market

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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