Gas Pipeline Infrastructure Market Trends

Growth Drivers

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 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 market is predicted to grow in the upcoming years.

Challenges

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 market.