Wilmington, Delaware, August 9, 2024 (GLOBE NEWSWIRE) – Allied Market Research published a report titled: “Gas pipeline infrastructure market by Operation (Transmission and Distribution), Equipment (Pipeline, Compression Station, Metering Stations, Pipeline Operation Control Centers, Cathodic Protection Station, SCADA and Others) and Application (Onshore and Offshore): Global Opportunity Analysis and Industry Forecast, 2024-2030″According to the report, the gas pipeline infrastructure market was valued at $3.9 trillion in 2023 and is estimated to reach $4.8 trillion by 2030, growing at a compound annual growth rate of 2.9% between 2024 and 2030.

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Key determinants of gas pipeline infrastructure market growth

The global gas pipeline infrastructure market is growing due to several factors such as increasing energy demand, shift to cleaner energy, and technological innovations. However, high initial investment and maintenance costs and volatility in natural gas prices are restraining the market growth. Moreover, growing economies in emerging markets and growing offshore pipeline projects are providing opportunities for the growth of the gas pipeline infrastructure market.

Report scope and details:

The distribution operations segment is expected to grow at a faster pace throughout the forecast period.

In terms of operations, distribution operations are expected to be the fastest growing segment in the gas pipeline infrastructure market in the coming years. Distribution pipelines play a crucial role in delivering natural gas directly to residential, commercial, and industrial users and ensuring local access to this clean and versatile energy source. With increasing focus on expanding gas infrastructure to support urbanization, industrial growth, and environmental sustainability, the demand for distribution networks is expected to rise. Investments in distribution pipelines, metering stations, and connection facilities are expected to increase to meet the growing demand for natural gas at the local level and drive the growth of distribution operations in the gas pipeline infrastructure market.

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The pipeline operations control centers segment is expected to grow at a faster rate throughout the forecast period.

In terms of equipment, pipeline operations control centers are expected to be the fastest growing equipment in the gas pipeline infrastructure market. With the increasing complexity and size of pipeline networks, control centers serve as central hubs to monitor and coordinate pipeline operations and ensure smooth transportation of gas from production sites to distribution points. The increasing emphasis on operational efficiency, safety, and regulatory compliance is driving demand for advanced control center technologies, including predictive analytics, automation, and integrated communication systems. As the need for real-time monitoring and response capabilities increases, pipeline operations control centers are poised for significant growth to meet the evolving needs of the gas pipeline industry.

The North American segment dominates the market in 2023

By region, North America dominated the gas pipeline infrastructure market in 2023. This dominance is due to several factors, including the extensive existing pipeline network, significant natural gas reserves, advanced technological capabilities, and well-established regulatory frameworks that support pipeline development and operations. The US has a vast pipeline network that transports natural gas across the country, which contributes to North America’s market leadership.

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Leading market participants: –

• NOV Inc.
• Gazprom
• CRC Evans
• GAIL Limited
• General Electrics
• APA Group
• TMK Group
• Welspun
• Saipem SpA
• Sinopec Group

The report offers a detailed analysis of these key players in the Gas Pipeline Infrastructure market. These players have adopted different strategies such as new product launch, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable as it highlights the business development, operating segments, product portfolio, and strategic moves of the market players to highlight the competitive scenario.

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Allied Market Research (AMR) is a full-service market research and business consulting arm of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global corporations, as well as mid-sized and small businesses, with unmatched quality of “Market research reports” and “Business Intelligence Solutions”. AMR takes a focused approach to provide business insights and advice to its clients, helping them make strategic business decisions and achieve sustainable growth in their respective market space.

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