Sarasota, FL -- (SBWIRE) -- 02/27/2019 -- Global Gas Pipeline Infrastructure Market: Overview
Gas pipeline infrastructure helps in transporting a gas via a system of pipes to the destination for consumption. It is the most cost-effective to transport the gas through land at the destination that are far away. It is massively used in onshore as well as offshore sectors.
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Global Gas Pipeline Infrastructure Market: Growth Factors
Paradigm shift toward clean energy sources along with massive penetration of natural gas across myriad sectors such as power generation, chemical, manufacturing and residential & commercial will accelerate the gas pipeline infrastructure market growth. With renewable energy and energy conservation becoming catch phrases of the twenty-first century, governments across the globe are enforcing stringent regulations for curbing GHG emissions and this will proliferate market demand in the coming years. In addition, decommissioning of existing gas transportation routes along with high government funding for replacing it with effective conduits will augment the business space. Burgeoning demand for hydrocarbons as a result of rapidly inflating population will further drive the market trends in the ensuing years. Rapid urbanization witness across the globe is anticipated to favorably impact the business environment in the forthcoming years.
Exploration of shale gas reserves along with immense potential of numerous untapped oil & gas reservoirs across the globe will propel gas pipeline infrastructure market trends in the near future. Recovery of oil & gas costs coupled with massive focus on exploration & production activities across countries with abundant shale reserves will improve the industry frame of reference.
Global Gas Pipeline Infrastructure Market: Segmentation
The global gas pipeline infrastructure market can be classified based on application, operation, equipment, and diameter. On the basis of application, the market is sectored into onshore and offshore applications. Based on the operation, the market is segmented into transmission and distribution. Equipment wise, the market is divided into pipeline, valves, and compressor station. Diameter wise, the gas pipeline infrastructure market is divided into less than 16 inch, ranging between 17 to 24 inches, 25-36 inches, and more than 36 inches.
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Global Gas Pipeline Infrastructure Market: Regional Analysis
Based on regions, the global gas pipeline infrastructure market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Massive rise in the gas connected end-users coupled with upgradation of unreliable conduit systems is likely to boost the growth of gas pipeline infrastructure market in the countries such as the U.S. and Mexico of North America. Mexico gas pipeline infrastructure market is anticipated to surge over the coming years, subject to large gas exports via national pipeline.
Middle East & African market is predicted to witness a lucrative growth in the coming years with countries such as Iran contributing massively towards the regional market share in the coming years after UN lifted sanction on the country. Massive exploration & production activities in newly discovered oil fields in the Middle East region will steer the market growth in MEA in the near future.
Massive gas demand in the countries such as India and China as a result of rising population will contribute notably towards Asia Pacific gas pipeline infrastructure market size in the years to come. In addition, Latin America and Europe are anticipated to be lucrative business destinations in the near future.
Global Gas Pipeline Infrastructure Market: Competitive Players
Some of key players in as pipeline infrastructure market are Enbridge, Europipe, Gazprom, CRC Evans Pipeline, APA Group, Snam Rete, General Electric, Redexis, Technip, Saipem, MRC Global, DCP Midstream, Chelpipe, Welspun, Engas, National Oilwell Varco, GAIL and Perusahaan Gas Negara.
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Global Gas Pipeline Infrastructure Market: Regional Segment Analysis
The Asia Pacific
The Middle East and Africa