Gas Pipeline Infrastructure Market Size, Share, Growth Report 2030

The global Gas Pipeline Infrastructure market, which was estimated at 1,360.60 (USD Billion) in 2019 and is anticipated to hit 2,662.60 (USD Billion) by 2026, is set to record a CAGR of nearly 8.9% over 2020-2026. The report offers valuation and analysis of Gas Pipeline Infrastructure market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on value (USD Billion).

Introduction

Gas pipeline infrastructure is a safe mode and cost-effective way of natural gas transportation and helps in connecting source to destination. Precisely, it assists in establishing the connection between producer and the consumer. Furthermore, it is the viable alternative of transporting gas through land route. However, it is utilized in both the offshore and onshore activities. Moreover, the gas pipeline infrastructure is defined as a pipeline that accumulates, transports, and distributes natural gas from gas wells or gas basins to the end-user.

Market Growth Drivers

Escalating demand for natural gas in commercial, power generation, residential, chemical, and manufacturing sectors will proliferate the expansion of gas pipeline infrastructure industry over the forecasting years. Surge in the government funding to increase the access of the gas pipeline to remote areas coupled with requirement of upgrading the current infrastructure of gas pipelines to avoid accidents or leakages will prompt the market growth in the years ahead. Apparently, rise in the exploration & production of shale gas and escalating need of deploying pipeline for transporting the gas across emerging economies and developed countries are few of the key aspects driving the expansion of gas pipeline infrastructure industry over the forecasting years. Ongoing projects like construction of Iran-Pakistan gas pipeline and Central Asia – China gas pipeline will further catapult the expansion of global gas pipeline infrastructure industry over the forthcoming years.

Furthermore, surging requirement of natural gas for power generation along with discoveries of gas reserves will offer new horizons of growth for the market in the years ahead. With energy preservation and renewable energy trends becoming the buzz words of energy & mining sector, governments across the globe are focusing on building strong gas pipeline infrastructure to reduce fuel emissions in atmosphere, thereby driving the business trends.

North American Market To Garner Humungous Gains Over 2020-2026

The growth of the market in North America over the estimated timespan is due to massive funding of natural gas pipeline infrastructure projects. Furthermore, increase in the gas exports through national pipeline in Mexico will widen the scope of business in the region over the forecast timespan. Apparently, launching of new projects and expansion of current pipeline network in the countries like the U.S. will amplify the growth of the gas pipeline infrastructure industry in North America over the forthcoming years.

Key players influencing the market expansion are Saipem, DCP Midstream, Europipe, Perusahaan Gas Negara, Enbridge, Technip, CRC Evans Pipeline, Engas, Snam Rete, Gazprom, MRC Global, National Oilwell Varco, APA Group, Redexis, Chelpipe, General Electric, Welspun, and GAIL.

The global gas pipeline infrastructure market is segmented as follows:

By Application

• Onshore
• Offshore

By Operation

• Transmission
• Distribution

By Equipment

• Pipeline
• Valves
  • Ball Valve
  • Gate Valve
  • Plug Valve
• Compressor Station
  • Turbine
  • Motors
• Metering Skids

By Diameter

• ≤ 16 Inch
• 17-24 Inch
• 25-36 Inch
• > 36 Inch

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa