Global Virtual Pipeline Systems Market to Reach $1.9 Billion by 2030
The global market for Virtual Pipeline Systems estimated at US$1.4 Billion in the year 2023, is expected to reach US$1.9 Billion by 2030, growing at a CAGR of 4.8% over the analysis period 2023-2030. Industrial End-Use, one of the segments analyzed in the report, is expected to record a 5% CAGR and reach US$1.1 Billion by the end of the analysis period. Growth in the Transportation End-Use segment is estimated at 5.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $423.1 Million, While China is Forecast to Grow at 4.5% CAGR
The Virtual Pipeline Systems market in the U.S. is estimated at US$423.1 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$339.8 Million by the year 2030 trailing a CAGR of 4.5% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.7% and 3.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.
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