Global Natural Gas Pipeline Transport Market Competitive Landscape, Top Market Segments, And Fastest Growing Regions
6 Jul, 2023
The global natural gas pipeline transport market size is expected to grow from $16.42 billion in 2022 to $17.45 billion in 2023 at a compound annual growth rate (CAGR) of 6.22%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global natural gas pipeline transport market size is expected to reach $21.27 billion in 2027 at a CAGR of 5.1%.
Global Natural Gas Pipeline Transport Market Key Driver
Increased natural gas usage is predicted to drive future growth in the natural gas pipeline transport market. Natural gas is a type of fossil fuel derived from plant and animal waste. Gas is carried to markets by natural gas pipes, which regularly transcend provincial or international borders to meet demand; thus, rising natural gas consumption is likely to boost the natural gas pipeline transport business.
Get a sample of the global natural gas pipeline transport market reportGlobal Natural Gas Pipeline Transport Market Segments
The global natural gas pipeline transport market is segmented:
1) By Type: Gathering Pipeline, Transportation Pipeline, Distribution Pipeline
2) By Pipeline Component: Transmission Pipes, Compressor Stations, Metering Stations, Valves
3) By Application: Onshore, Offshore
4) By Geography: The regions covered in the natural gas pipeline transport market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global natural gas pipeline transport market.
Major Natural Gas Pipeline Transport Industry Players
ABB Ltd., General Electric Company, Saipem S.p.A., Technip Energies N.V., Enterprise Products Partners L.P., Kinder Morgan Inc., Chevron Corporation, PetroChina Company Limited, China Petroleum & Chemical Corporation, Transneft PJSC, Enbridge Inc., Oneok Inc., Berkshire Hathaway Energy, Energy Transfer LP, Pembina Pipeline Corporation
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Natural Gas Pipeline Transport Market Overview
Natural gas pipeline transport refers to an efficient and secure method of transporting natural gas by linking gas producers with gas-consuming consumers. These pipelines are used to transport natural gas from the point of receipt to the point of distribution.
Natural Gas Pipeline Transport Global Market Report 2023 provides data on the global natural gas pipeline transport market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The natural gas pipeline transport market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.