Global Pipeline Transportation Market Insights Forecasts to 2033

• The Global Pipeline Transportation Market Size was Valued at USD 21.56 Billion in 2023
• The Market Size is Growing at a CAGR of 5.48% from 2023 to 2033
• The Worldwide Pipeline Transportation Market Size is Expected to Reach USD 36.76 Billion by 2033
• Asia-Pacific is Expected to Grow the fastest during the forecast period.

The Pipeline Transportation Market Size is Anticipated to Exceed USD 36.76 Billion by 2033, Growing at a CAGR of 5.48% from 2023 to 2033. The growing adoption of cutting-edge technology such as artificial intelligence and the Internet of Things, rising energy demand, and greater infrastructure development throughout the world's numerous emerging regions are the primary market drivers driving the growth of the market.

PIPELINE TRANSPORTATION MARKET REPORT OVERVIEW

Pipeline transport is a unique method of delivering gases, liquids, and energy over great distances. As oil and natural gas are explosive, violent unstable, and easy to leak, the use of pipeline transportation, both secure and efficient can greatly minimize volatile loss. Pipeline transportation is more compatible with the transport engineering green requirements. Furthermore, because the pipeline is primarily buried in the ground, it is able to process harsh and adaptable weather conditions. In contrast to traditional transportation, pipeline transportation provides numerous advantages, including cheap operating costs, environmental friendliness, flexibility, and total automation of loading and unloading processes. All of these reasons contribute to the pipeline transport market, which is predicted to grow at a rapid pace.

There are various drivers influencing the global pipeline transportation business. However, increased demand for oil and gas in the energy and chemical sectors is critical to the growth of pipeline transportation. Furthermore, the worldwide pipeline transportation industry is being driven by an increase in demand for low-cost transportation systems for chemicals and other liquids. Population growth and industrialization are predicted to drive up demand for chemicals and water resources. This means that more pipelines are being used to transfer liquids to various end-use sectors or consumers. Pipeline transportation is also utilized in the transportation of crude oil from the extraction location to the oil refineries where many petroleum products are extracted, which are used in various end-use industries to generate chemicals and products.

In India, natural gas accounts for 6.7% of the total energy basket. The government has set an aim of raising natural gas's contribution of the energy mix to 15% by 2030. The government has taken several efforts in this regard, including the extension of the National Gas Grid Pipeline and the City Gas Distribution (CGD) network.  

The National Monetization Pipeline (NMP), Ministry of Ports, Shipping and Waterways, has approved 22 projects worth Rs 12,222 crore. Seven projects worth Rs 5,278 crore have already been awarded through the PPP method, while the remaining projects are in various stages of bidding.

Report Coverage

This research report categorizes the market for the global pipeline transportation market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global pipeline transportation market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global pipeline transportation market.

DRIVING FACTORS:

The quickly growing global oil and gas commerce is driving market expansion.

The rapid expansion of the global oil and gas trade has a substantial impact on the pipeline transportation sector. As global energy demand rises, the need for safe and efficient transportation of oil and gas resources becomes increasingly important. Pipeline infrastructure is critical in meeting this demand since it allows for efficient cross-border movement of these valuable items. The expanding global need for energy is one of the primary drivers of the oil and gas industry's growth. The demand for oil and gas as key energy sources is increasing in tandem with economic and population growth.

RESTRAINING FACTORS

The increased popularity of solar and wind energy could limit the market growth.

The market's expansion is expected to be hampered by a decrease in investments in the crude oil industry and infrastructure development, which has resulted from the growing demand for cleaner energy. The European continent, in particular, is expanding its renewable energy capacity.

Market Segmentation

The pipeline transportation market share is classified into type, solution, and application.

The pipeline transmission segment has the largest share of the market over the forecast period.

Based on type, the pipeline transportation market is classified into transmission pipeline, distribution pipeline, and gathering pipeline. Transmission pipelines deliver crude oil and natural gas from their respective collection systems to refineries, processing plants, and storage facilities. Transmission pipelines also deliver refined petroleum products and natural gas to customers, either for immediate use or future distribution. With very few exceptions, transmission pipelines are used to carry crude oil, refined petroleum products, or natural gas. The majority of pipelines are operated remotely from centralized control centers. These control centers enable the efficient operation of a single pipeline or many pipeline systems from a single location. Southwest Research Institute, Iowa State University, and a number of gas pipeline inspection companies collaborate to advance the state of the art in gas transmission pipeline inspection.

The segment network communication solutions have the biggest share of the market during the forecast period.

Based on the solution, the pipeline transportation market is classified into automation and control, security solutions, integrity and tracking solutions, network communication solutions, and others. The fast virtualization of pipeline transportation systems, as well as the integration of monitoring and control equipment with communication equipment, are major factors pushing up demand for network communication solutions in the pipeline transportation industry. Optical fiber networks, microwave networks, and satellite networks are commonly used in network communication systems.

The growing demand for oil and gas can increase the growth of the market.

Based on application, the pipeline transportation market is classified into oil & gas, water, coal, and others. With expanding oil and gas production and trade between continents, there has been an increase in the number of oil and gas pipeline projects. The growing need for oil and gas pipelines is driving the segment's expansion. For example, in October 2021, Nord Stream 2, one of the world's longest pipelines, was announced as ready for gas transit. The pipeline also carries coal slurry, water, chemicals, milk, refined petroleum products, and other fluids. The pipeline is regarded as one of the most cost-effective methods of transporting liquids in terms of operational costs.

Regional Segment Analysis of the Global Pipeline Transportation Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America has the biggest share of the pipeline transportation market throughout the forecast period.

North America is the greatest market for pipeline transportation, because of the region's superior pipeline infrastructure development. The increase in power consumption, as well as the strong need for natural gas, are putting pipelines across the United States and Canada to work. According to the United States Energy Information Administration, the country has a 3-million-mile natural gas pipeline network of transmission lines. It is owing to the excellent pipeline infrastructure development in the region. The increased demand for natural gas and electricity is putting pressure on pipelines throughout the United States and Canada.

The Asia-Pacific is the fastest-growing region during the projected timeframe.

The demand for oil and gas transportation pipes is increasing as the world's energy consumption grows. China is the largest market in the region due to its high degree of industrialization. PipeChina announced in April 2021 that a substantial gas pipeline in North China for USD 1.3 billion would be built. Furthermore, China's Pipeline Transportation market had the highest market share, while India's Pipeline Transportation market was the fastest expanding in the Asia-Pacific region.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global pipeline transportation market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Schneider Electric
• Siemens
• Trimble Navigation Limited
• IDS GmbH
• Baker Hughes
• Halliburton
• National Oilwell Varco
• John Wood Group PLC
• ABB
• Emerson Electric Co.
• ESRI
• FMC Technologies
• Rockwell Automation, Inc.
• Indian Oil LTD
• Others

Key Market Developments

• In February 2023, Wood and Lunar Resources were awarded a NASA Innovative Advanced Concepts (NIAC) initiative for the Lunar South Pole Oxygen Pipeline (L-SPoP) to manage the design research. For this project, the team is performing a comprehensive system-level design study of L-SPoP, a pipeline at the lunar south pole that would carry gaseous oxygen from a mine to a suggested future lunar base.

• In August 2022, Baker Hughes announced the acquisition of Quest Integrity, a subsidiary of Team, Inc., a leading global developer and supplier of technology-based asset inspection and reliability management solutions to the pipeline, refining, petrochemical, and power-generating industries.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global pipeline transportation market based on the below-mentioned segments: 

Global Pipeline Transportation Market, By Type

• Transmission Pipeline
• Distribution Pipeline
• Gathering Pipeline

Global Pipeline Transportation Market, By Solution

• Automation and Control
• Security Solutions
• Integrity and Tracking Solution
• Network Communication Solution
• Others

Global Pipeline Transportation Market, By Application

• Oil & Gas
• Water
• Coal
• Others

Global Pipeline Transportation Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa