Gas pipeline infrastructure is a safe as well as economic mode of transporting the natural gas. This basically connects gas sources to gas consuming market. Natural gas pipelines are made of carbon steel. The pipeline transformation system consists of a complex network of pipelines and is designed in such a way so that transportation of gas is done quickly and efficiently at the areas of high gas demand. Some of the pipelines exist above of the ground while majority of them are buried underground and hence, most of the people are unaware of the existence of vast network of pipelines.
Market Size and Forecast
The demand for gas is continuously growing across the commercial as well as residential sectors which can be attributed to the growth of gas pipeline infrastructure market. Shift of the industry from coal to gas, along with the fast growth of industrialization, is anticipated to drive the market growth. As the adoption of natural gas in manufacturing, power generation and chemical plants is rising, this is estimated to aid in complementing the landscape of the industry in the upcoming years.
The gas pipeline infrastructure market is anticipated to record a robust CAGR throughout the forecast period, i.e., 2020-2028. The market is segmented by operation into transmission and distribution, out of which, the distribution segment is anticipated to hold the largest market share owing to the rising consumption in end-use segments such as increasing number of chemical sectors, gas fired power plants, residential and commercial sector, manufacturing sector and others. This is anticipated to contribute towards the growth of the segment in the gas pipeline infrastructure market. CLICK TO DOWNLOAD SAMPLE REPORT
Growth of the industries with shale gas reserves
The rise in demand for shale gas coupled with the enormous potential of countless untapped gas as well as oil reservoirs across the globe is anticipated to drive the gas pipeline infrastructure market in upcoming years. Since the focus towards exploration and production activities across the countries with bumper shale gas reserves is growing, the industry outlook is further predicted to be amplified in future.
Rise in the adoption of natural gas
Presently, industries consisting of power generation, manufacturing, residential as well as commercial and chemical plants are adopting natural gas which is predicted to accelerate the growth of the gas pipeline infrastructure market. As the governments across the globe are enforcing strict regulations to stop the GHG emissions, the demand for gas pipeline infrastructure is estimated to grow over the forecast period.
Rising demand for gas pipeline infrastructure market with respect to the population growth
The demand for hydrocarbons is escalating on account of rising population which is projected to result in the growth of the global market. As the industries are expanding across the globe, the demand for gas pipeline infrastructure market is predicted to grow in the upcoming years.
High price of gas and low availability
Many pipeline operators have to face financial stress due to high prices of gas but there is low availability of this gas which, in turn, leads to inadequate pipeline capacity use of available pipelines and hence, is predicted to affect operational efficiencies.
High initial cost of installation of gas pipelines
The cost of installing gas pipelines at an initial stage is high. The other equipment which is required to be installed along with the pipelines further increases the cost. Additionally, risk involved with the leakages also is estimated to act as a restraint for the global gas pipeline infrastructure market.
Our in-depth analysis of gas pipeline infrastructure market includes the following segments:
By End User
On the basis of regional analysis, the gas pipeline infrastructure market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
The market in North America is anticipated to hold the largest market share on the back of presence of nations such as United States where the production of natural gas and shale gas is highest when compared to other nations worldwide. Additionally, this region has highly integrated distribution as well as transmission infrastructure in order to transport natural gas from any state across the region. This is anticipated to contribute towards the growth of the segment in the global gas pipeline infrastructure market.
The market in Middle East and Africa is anticipated to observe significant market growth on the back of increasing production and exploration activities, planning as well as construction of new pipelines in offshore and onshore applications. This factor is estimated to ultimately lead to the growth for gas pipeline infrastructure market in the upcoming years.
The gas pipeline infrastructure market is further classified on the basis of regions as follows:
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