Gas Pipeline Infrastructure Market By Operation (Transmission, Distribution) , By Equipment (Pipeline, Compression station, Metering Stations, Pipeline Operation Control Centers, Cathodic Protection Station, SCADA, Others) By Application (Onshore, Offshore) : Global Opportunity Analysis and Industry Forecast, 2024-2030
Gas Pipeline Infrastructure Market
The gas pipeline infrastructure market was valued at $3.9 trillion in 2023 and is projected to reach $4.8 trillion by 2030, growing at a CAGR of 2.9% from 2024 to 2030.
Gas pipeline infrastructure comprises of all the elements necessary for efficient transport of natural gas from the production source to end users. Pipelines, control centers, and gas stations are the vital elements that ensure the transmission & distribution of natural gas for diverse purposes, including commercial, residential, industrial, and power generation. A competent and widespread infrastructure of gas pipelines is pivotal to catering to the energy requirements of residential users and industries across the globe.
With increasing urbanization and exponentially growing population, the energy demand is witnessing a significant surge, thereby driving the growth of the gas pipeline infrastructure market. In addition, rise in concerns pertaining to greenhouse gas emissions is fueling the transition toward natural gas, hence augmenting the market development. The incorporation of robotics and automation for the maintenance of pipeline infrastructure is a key trend gaining prominence among market players. Micro inspection via robotics is facilitating the conduction of assessment without disrupting the services and is lowering the exposure of humans to lethal conditions.
However, the implementation of stringent regulatory measures regarding the establishment and licensing of infrastructure results in delayed projects and upsurged expenses, hampering the growth of the gas pipeline infrastructure market. Furthermore, constant volatility in the prices of natural gas poses significant challenges to the profitability of pipeline projects, specifically in developing countries, hence impacting the market dynamics. On the contrary, upsurge in expenditure by government and natural gas companies in several nations to advance the natural gas infrastructure is anticipated to present new avenues for the global gas pipeline infrastructure market. For instance, the northern federal territories and northeastern states of Kashmir & Ladakh are expecting an estimated investment of Rs 41,000 crore from companies for the development of natural gas pipeline infrastructure.
Segment ReviewThe gas pipeline infrastructure market is segmented into operation, equipment, application, and region. On the basis of operation, the market is bifurcated into transmission and distribution. As per equipment, it is divided into pipeline, compression station, metering stations, pipeline operation control centers, cathodic protection station, SCADA, and others. By application, it is classified into onshore and offshore. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key FindingsOn the basis of operation, the distribution segment is expected to be the highest shareholder throughout the forecast period.
As per equipment, the pipeline operation control centers segment is projected to acquire a high stake by 2030.
By application, the onshore segment accounted for a high market share in 2023.
Region wise, North America is anticipated to be the highest revenue generator by 2030.
Competition AnalysisThe leading players operating in the global gas pipeline infrastructure market include NOV INC., Gazprom, GAIL (India) Ltd, General Electric, APA Group, Welspun Corp Ltd, Saipem S.p.A, Sinopec Group, Pipeline Infrastructure Limited, and TMK Group. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, to strengthen their foothold in the competitive market.
Key Market SegmentsBy OperationTransmission
Distribution
By EquipmentPipeline
Compression station
Metering Stations
Pipeline Operation Control Centers
Cathodic Protection Station
SCADA
Others
By ApplicationOnshore
Offshore
By RegionNorth America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
Rest of LAMEA
Key Market Players
NOV INC.
Gazprom
GAIL (India) Ltd
General Electric
APA Group
Welspun Corp Ltd
Saipem S.p.A
Sinopec Group
Pipeline Infrastructure Limited
TMK Group