NEW YORK, Nov. 7, 2023 /PRNewswire/ -- The pipeline transport market size is expected to grow by USD 26.71 billion from 2023 to 2028, according to Technavio. In addition, the growth momentum of the market will be progressing at a CAGR of 3.18% during the forecast period. The benefits of pipelines over other modes of oil and gas transportation are notably driving the pipeline transport market. However, factors such as the requirement of constant surveillance and monitoring for smooth transportation may impede market growth. The market is segmented by type (oil and gas, water, chemical and petrochemicals, and others), application (gathering, transmission, distribution, and feeder), and geography (North America, Europe, APAC, Middle East and Africa, and South America). Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. 

Key Segment Analysis

The oil and gas segment is estimated to witness significant growth during the forecast period. A major role in driving this sector has been played by government programs. In addition, investments in the oil and gas pipeline are also being stimulated by government initiatives aimed at improving infrastructure development and energy security in countries such as India. One of the most important examples of government-backed initiatives aimed at improving oil and gas transport is the Nord Stream 2 project in Russia.

Geographical Market Analysis 

North America is estimated to contribute 48% to the growth of the global market during the forecast period. One of the primary factors significantly contributing to the market growth in the region is the economic development in countries such as the US, Canada, Mexico, and others. Furthermore, the pipeline transport market in North America has recently shown resilience and development. In addition, several initiatives from the government were essential in creating this situation. For instance, the Pipeline Safety, Regulatory Certainty, and Job Creation Act of 2011 enhanced safety standards and regulatory predictability, increasing investor confidence. Thus, such factors are expected to drive market growth in North America during the forecast period.

Company Insights 
The pipeline transport market is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market's competitive landscape and offers information on several market companies, including:

ABB Ltd., China National Petroleum Corp., ConocoPhillips Co., Emerson Electric Co., Enbridge Inc., Energy Transfer LP, Enterprise Products Partners LP, General Electric Co., Huawei Technologies Co. Ltd., Indian Oil Corp. Ltd., Inter Pipeline Ltd., Kinder Morgan Inc., ONEOK Inc., Plains All American Pipeline L.P., Rockwell Automation Inc., Shell plc, Siemens Energy AG, TC Energy, TechnipFMC plc, and West Shore Pipe Line Co.

Related Reports:

The road freight transport market is estimated to grow at a CAGR of 6.03% between 2022 and 2027. The size of the market is forecast to increase by USD 130.56 billion

The returnable transport packaging (RTP) market is estimated to grow at a CAGR of 7.37% between 2022 and 2027. The size of the market is forecast to increase by USD 3,439.74 million

ToC:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Type

7 Market Segmentation by Application

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Company Landscape

12 Company Analysis

13 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

SOURCE Technavio