The global pipeline transportation software market is estimated to grow at a CAGR of ~11% over the forecast period, i.e., 2022 – 2030. Pipeline transportation is used primarily to transport liquid and gases, including, natural gas, petroleum products, chemicals, and sewage. The growth of the market can be attributed to the growing demand for oil & gas globally. Moreover, the oil reserves are concentrated in certain parts of the world, which is why, it is essential to develop a well-managed pipeline transportation for effective and smooth distribution of oil and gas around the world. According to the report by International Energy Agency (IEA), the global oil demand is expected to attain the pre-pandemic levels by the end of 2022, registering a growth of 5.4 million barrel per day in 2021, and 8.5 million barrel per day in the next year. Overall, the global oil demand will touch an average of 99.5 million barrel per day by the end of 2022. Besides, pipeline transportation is also required for proper waste-water and sewage management. Such factors are anticipated to drive the market growth. Along with this, the increasing adoption of automation amongst various end-users, is further anticipated to boost the market growth.
The market is segmented by pipeline type into oil & gas, sewage, water, chemicals, and others, out of which, the oil & gas segment is anticipated to hold the notable share in the global pipeline transportation software market over the forecast period. The segment is projected to grow on account of increasing demand for oil and petroleum across the globe. On the basis of services, the market is segmented into consulting, management, maintenance and support, and others, out of which, the management segment is estimated to witness modest growth, owing to the growing need for proper management of pipelines to facilitate smooth transportation. CLICK TO DOWNLOAD SAMPLE REPORT
In 2018, the world’s total energy supply was 14282 Mtoe, wherein the highest share in terms of source was captured by oil, accounting for 31.6%, followed by coal (26.9%), natural gas (22.8%), biofuels and waste (9.3%), nuclear (4.9%), hydro (2.5%), and other (2.0%). Where there was an increase in energy demand in 2018, the year 2019 witnessed slow growth as the energy efficiency improved owing to decline in the demand for cooling and heating. However, in 2020, the electricity demand decreased by 2.5% in the first quarter of 2020 due to the outbreak of Coronavirus resulting in government-imposed shutdowns in order to limit the spread of the virus, which was further followed by shutdown of numerous business operations impacting their growth. This also resulted in decline of 5.8% in the worldwide CO2 emissions which was recorded to be five times larger than the one recorded during the global financial crisis in 2009. However, in 2021, the demand for oil, gas and coal is estimated to witness growth, which is further projected to create opportunities for market growth. Moreover, rising environment degradation and awareness related to climate change is motivating many key players to employ sustainable energy strategies and invest significantly in environment-friendly power generation technologies with an aim to promote sustainable development among various nations around the world. Such factors are anticipated to promote the growth of the market in upcoming years.
On the basis of geographical analysis, the global pipeline transportation software market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of increasing infrastructural developments in the region, along with improving waste-water management systems. Moreover, pipeline transportation is gaining prominence in highly populated countries, such as, India, and China, on the back of rising sewage generation.
The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the rising demand for oil and gas in the region. In addition to this, U.S. and Canada have major crude oil reserves, which requires efficient pipeline for transportation. Moreover, growing adoption of automation and software, is further expected to fuel the market growth.
The global pipeline transportation software market is further classified on the basis of region as follows:
Our in-depth analysis of the global pipeline transportation software market includes the following segments:
FREQUENTLY ASKED QUESTIONS
The increasing need for efficient management of pipeline transportation is estimated to boost the market growth.
The market is anticipated to attain a CAGR of ~11% over the forecast period, i.e., 2022 – 2030.
Requirement of high initial investment is estimated to hamper the market growth.
The market in the North America region is estimated to provide more growth opportunities owing to the presence of large oil reserves, and higher demand for oil and gas in the region.
The major players in the market are Schneider Electric SE, Alstom SA, Esri, Emerson Electric Co., Trimble Inc., Rockwell Automation, Inc., FMC Technologies, Inc, ALE International SAS, and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by pipeline type, solution, services, and by region.
The management segment is anticipated to hold largest market size over the forecast period and display significant growth opportunities.
Select License Type
Direct access to analyst to help you understand the market in a better way to handle your critical question
Citing your business specific requirement our consultant would assist you ensuring targeted goal is achieved
Get 10% free customization