Natural Gas Pipeline

Global Natural Gas Pipeline Market to Reach US$39.3 Billion by 2030

The global market for Natural Gas Pipeline estimated at US$32.5 Billion in the year 2023, is expected to reach US$39.3 Billion by 2030, growing at a CAGR of 2.7% over the analysis period 2023-2030. On-Shore Pipeline, one of the segments analyzed in the report, is expected to record a 2.6% CAGR and reach US$27.7 Billion by the end of the analysis period. Growth in the Off-Shore Pipeline segment is estimated at 3.2% CAGR over the analysis period.

The U.S. Market is Estimated at US$9.5 Billion While China is Forecast to Grow at 2.7% CAGR

The Natural Gas Pipeline market in the U.S. is estimated at US$9.5 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.1 Billion by the year 2030 trailing a CAGR of 2.7% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.6% and 2.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR.

Global Natural Gas Pipeline Market - Key Trends & Drivers Summarized

What Are Natural Gas Pipelines, and Why Are They Important for Energy Infrastructure?
Natural gas pipelines are large-scale infrastructure systems designed to transport natural gas from production sites to processing plants, storage facilities, and distribution networks. These pipelines are crucial for supplying natural gas to industries, power plants, and homes, forming the backbone of global energy infrastructure. Natural gas, considered a cleaner alternative to other fossil fuels, plays a key role in power generation, industrial heating, and as a feedstock for chemicals. Pipelines are the most efficient and cost-effective method for moving large quantities of natural gas across long distances, ensuring a stable and continuous energy supply. Given the growing demand for cleaner energy, the expansion and modernization of natural gas pipelines are essential for meeting future energy needs.

How Are Natural Gas Pipelines Shaping Global Energy Supply?
Natural gas pipelines are vital to global energy supply, facilitating the safe, reliable, and efficient transport of gas to various regions. With the rising shift towards natural gas as a cleaner energy source compared to coal and oil, pipelines are increasingly being developed and expanded. Key regions such as North America, Europe, and parts of Asia are investing heavily in pipeline networks to support their energy transition goals. In the U.S., the shale gas boom has led to increased natural gas production, necessitating an expanded pipeline network to distribute gas to domestic and international markets. Similarly, Europe’s growing reliance on natural gas imports, particularly from Russia, has led to the construction of major transnational pipeline projects. Pipelines also play a crucial role in supporting liquefied natural gas (LNG) terminals by providing the necessary infrastructure for gas transport before and after liquefaction and regasification.

What Are the Emerging Trends in the Natural Gas Pipeline Industry?
Several trends are currently shaping the natural gas pipeline industry. The increasing focus on decarbonization and reducing greenhouse gas emissions is driving the need for pipeline modernization, particularly in detecting and reducing methane leaks, which are a significant source of emissions. Technological advancements, such as smart sensors and automation, are improving pipeline monitoring, enabling real-time data collection and predictive maintenance to avoid leaks and breakdowns. Another significant trend is the rise of cross-border pipeline projects aimed at diversifying energy supply routes and enhancing energy security. The transition to hydrogen blending in natural gas pipelines is also gaining traction, with several companies exploring how existing pipelines can transport hydrogen as part of future energy systems. Additionally, geopolitical factors are influencing the construction and regulation of pipelines, especially in regions where energy independence and security are major concerns.

What Factors Are Driving Growth in the Natural Gas Pipeline Market?
The growth in the natural gas pipeline market is driven by several factors, including the rising demand for natural gas as a cleaner alternative to other fossil fuels, the increasing need for energy security, and significant investments in energy infrastructure development. The global push to reduce carbon emissions has accelerated the shift from coal and oil to natural gas, resulting in higher demand for pipeline infrastructure to support growing consumption in residential, industrial, and power generation sectors. Additionally, increased natural gas production, especially from unconventional sources like shale gas, is creating the need for expanded pipeline capacity. Geopolitical developments and efforts to secure stable energy supplies in regions such as Europe and Asia have also boosted the development of cross-border pipelines. Moreover, advancements in pipeline monitoring technology, aimed at reducing methane emissions and enhancing safety, are further driving market growth. As countries seek to diversify their energy mix, the expansion of natural gas pipelines remains critical in achieving global energy transition goals.

Select Competitors (Total 29 Featured) -

• ABB Group
• Aker Solutions ASA
• Bechtel Corporation
• Bharat Petroleum Corp. Ltd.
• BP PLC
• Cairn Oil & Gas
• Caspian Pipeline Consortium
• China National Petroleum Corporation
• Daewoo Engineering & Construction Co., Ltd.
• Emerson Process Management
• Enterprise Products Partners LP
• GE Oil & Gas
• Huawei Technologies Co., Ltd.
• Hyundai Heavy Industries Co., Ltd.
• Infosys Ltd.
• Inter Pipeline Ltd.
• MOL Hungarian Oil and Gas Plc.
• Mott MacDonald Group Ltd.
• Rockwell Automation, Inc.
• Saipem S.p.A.
• SAP SE
• Saudi Arabian Oil Co
• Schneider Electric SA
• Sunoco LP
• Technip S.A
• Tecnicas Reunidas S.A.
• Valero Energy Corporation
• Wipro Limited
• WorleyParsons Group
• Yokogawa Electric Corporation
• ZTE Corporation

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