Overview and Scope
Gas pipeline infrastructure refers to the pipelines that collect, move, and distribute gas from producing wells to end-use consumers. It also includes transportation-related buildings, such as compressor and metering stations, pipelines, and gas processing facilities.
Sizing and Forecast
The gas pipeline infrastructure market size has grown steadily in recent years. It will grow from $2673.87 billion in 2023 to $2778.98 billion in 2024 at a compound annual growth rate (CAGR) of 3.9%. The growth in the historic period can be attributed to industrial revolution and urbanization, energy demand growth, resource discovery and extraction, government policies and investments, infrastructure modernization, environmental concerns and regulations.
The gas pipeline infrastructure market size is expected to see steady growth in the next few years. It will grow to $3238.13 billion in 2028 at a compound annual growth rate (CAGR) of 3.9%. The growth in the forecast period can be attributed to renewable energy integration, shift towards natural gas usage, infrastructure modernization programs, global energy demand growth, international pipeline projects. . Major trends in the forecast period include transition to renewable energy, smart pipeline technologies, expansion of lng trade, focus on pipeline safety, evolving geopolitical dynamics.
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Segmentation & Regional Insights
The gas pipeline infrastructure market covered in this report is segmented –
1) By Equipment: Pipeline, Valves, Compressor Station, Metering Skids
2) By Operation: Transmission, Distribution
3) By Application: On-Shore, Off-Shore
4) By End user: Commercial, Residential
North America was the largest region in the gas pipeline infrastructure market in 2023. Asia-Pacific is expected to be the fastest-growing region in the gas pipeline infrastructure market report during the forecast period. The regions covered in the gas pipeline infrastructure market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
An increase in oil and gas consumption is expected to propel the growth of the gas pipeline infrastructure market going forward. Oil and gas refers to the external drilling, production, gathering, refining, distribution, and transportation of oil and gas. Higher oil and gas consumption typically leads to increased demand for energy transportation via pipelines. This drives the expansion and development of gas pipeline infrastructure to meet the growing demand for transporting these resources from production sites to consumption areas. For instance, in April 2023, according to the report published by the Energy Information Administration, a US-based federal statistical system, in 2021, oil consumption climbed by 5.3 million barrels per day (b/d). It is further expected to increase by 1.4 million b/d in global liquid fuel consumption in 2023, and 1.8 million b/d in 2024. Therefore, an increase in oil and gas consumption is driving the growth of the gas pipeline infrastructure market.
Key Industry Players
Technological advancements are a key trend gaining popularity in the gas pipeline infrastructure market. Companies operating in the gas pipeline infrastructure are adopting new technologies to sustain their position in the market. For instance, in December 2022, ABB, a Switzerland-based automation company that provides standardized processes, policies, and systems, launched the Sensi+ revolutionary analyzer. The Sensi+ analyzer uses laser-based technology to enhance process control by delivering rapid and accurate readings while virtually eliminating false readings. This innovative device can efficiently analyze up to three pollutants (H2S, H2O, and CO2) in any natural gas stream, providing pipeline monitoring and operations that are safer, simpler, and more effective, all in one device.
The gas pipeline infrastructure market report table of contents includes:
1. Executive Summary
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