Pipeline Transport Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope

Pipeline transport refers to a mode of transportation that involves the pipeline-based long-distance movement of solid, liquid, or gaseous products that use transmission pipelines to transport various products, such as crude oil, natural gas, refined petroleum products, and slurry, to lessen traffic on maritime, rail, and road transportation networks.

Sizing and Forecast

The pipeline transport market size has grown strongly in recent years. It will grow from $147.83 billion in 2023 to $157.91 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to economic growth, infrastructure development, energy demand, regulatory changes, geopolitical factors.

The pipeline transport market size is expected to see strong growth in the next few years. It will grow to $205.28 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to renewable energy transition, environmental regulations, energy security, digitalization and automation, carbon reduction goals . Major trends in the forecast period include shift to safer materials, increased environmental responsibility, adoption of smart technologies, expansion of lng infrastructure, cybersecurity focus.

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Segmentation & Regional Insights

The pipeline transport market covered in this report is segmented –

1) By Type: Crude Oil Pipeline Transport, Natural Gas Pipeline Transport, Refined Petroleum Products Pipeline Transport, Other Pipeline Transport

2) By Solutions: Security Solutions, Automation And Control, Integrity And Tracking Solution, Network Communication Solution, Other Solutions

3) By Services: Consulting Service, Managed Service, Maintenance And Support

North America was the largest region in the pipeline transport market in 2023. Asia-Pacific was the second largest region in the pipeline transport market. The regions covered in the pipeline transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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Major Driver Impacting Market Growth

Pipeline transportation companies are using augmented reality for efficient maintenance operations. Augmented reality (AR) is the technology of combining real-world images, video, etc. with computer-generated information and/or imagery being viewed through an output, including a monitor, headset, etc. AR overlays digital elements onto the physical world, typically using a headset or tablet that the user can point toward real-life objects. In the pipeline transportation industry, AR headsets that clip onto hard hats can project hands-free instructions a technician needs onto equipment to conduct an inspection or maintain a system. AR animations dramatically boost efficiency and reduce errors and uncertainty by showing the necessary steps, tools, and parts.

Key Industry Players

Major companies operating in the pipeline transport market include ABB Group, Alcatel-Lucent Enterprise, Emerson Electric Co., FMC Technologies Inc., Schneider Electric SE, Kinder Morgan Inc., TransCanada PipeLines Limited, Enbridge Inc., Williams Companies Inc., Energy Transfer LP, Plains All American Pipeline LP, Colonial Pipeline Company, TC PipeLines LP, Dominion Energy Inc., Magellan Midstream Partners L.P., DCP Midstream LP, Buckeye Partners L.P., Crestwood Equity Partners LP, ONEOK Inc., Enterprise Products Partners L.P., TC Energy Corporation, Chevron Corporation, Exxon Mobil Corporation, Phillips 66, Shell Pipeline Company LP, EnLink Midstream Partners LP, NuStar Energy L.P., Noble Midstream Partners LP, Shell Midstream Partners L.P., CNX Midstream Partners LP, Pembina Pipeline Corporation, Keyera Corp., Inter Pipeline Ltd.

The pipeline transport market report table of contents includes: