The virtual pipeline systems market in Europe is expected to grow from US$ 282.32 million in 2022 to US$ 434.58 million by 2028. It is estimated to grow at a CAGR of 7.5% from 2022 to 2028.
Rising Shale Gas Extraction Driving Demand for Virtual Pipeline System
Continuous advancements in shale drilling technologies have made shales the next reliable energy resource. Shale gas can be utilized as a greener energy option in countries that are dependent on coal as an energy source, as it emits less carbon than coal. Shale gas production has resulted in the abundance of natural gas supply across the region. The European Union (EU) is already profiting from the US shale gas boom owing to an increased supply of liquefied natural gas bond for the US and better contractual circumstances for pipeline imports. A new generation of shale gas exploitation methods, with lower costs and fewer environmental footprints, might make indigenous shale gas reserves in the EU appealing in the long term after 2030. Therefore, the increase in shell gas exploration and extraction projects due to developments in related technologies, coupled with the availability of many reserves, is boosting the demand for virtual pipeline systems, thereby boosting the market growth.Market Overview
Germany, France, the UK, and Italy are among the major economies in Europe. Old pipeline infrastructure and stringent emission control regulations are the two significant factors driving the growth of the virtual pipeline system market in this region. Although the region has a large and rapidly growing pipeline infrastructure, it lacks a modern touch as the existing pipeline systems were set up decades ago. The proliferation of the natural gas sector in response to the growing concerns about sustainability, and the subsequent surge in demand for the transportation of energy resources, benefit the virtual pipeline system market in the region Energy supply sources choose pipes as a preferred mode of transportation due to their universal acceptance. Moreover, governments of several countries have taken various steps to offer notice to industries, comprising oil and gas. Norway and Russia have maintained their position as natural gas suppliers, whereas Germany, France, and Italy are the main importers of natural gas. Thus, many offshore projects for oil & gas would accelerate the demand for the virtual pipeline system market. The European Union is committed to reducing its carbon emissions to meet its EU2020 goal. Private and government organizations are investing heavily in virtual pipelines to supply cleaner energy. Moreover, to fulfil the increased energy demands of the UK, Germany, Italy, and France, among others, Russia is investing significantly in natural gas production.Europe Virtual Pipeline Systems Market Segmentation
The Europe virtual pipeline systems market is segmented into type, gas, pressure rating, application, and country.- Based on type, the market is segmented into standard trailer and towable trailer. The standard trailer segment registered a larger market share in 2022.
- Based on gas, the market is segmented into CNG, hydrogen, and others. The CNG segment held the largest market share in 2022.
- Based on pressure rating, the market is segmented into less than 3000 Psi, 3001 Psi to 5000 Psi, and more than 5001 Psi. The 3001 Psi to 5000 Psi segment held the largest market share in 2022.
- Based on application, the market is segmented into industrial, transportation, and commercial & residential. The transportation segment held the largest market share in 2022.
- Based on country, the market is segmented into France, Germany, the UK, Italy, Russia, and the Rest of Europe. Germany dominated the market share in 2022.
Table of Contents
1. Introduction1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Virtual Pipeline Systems Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Europe
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Europe Virtual Pipeline Systems Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Energy Demands Creating Need for Virtual Pipeline Systems
5.1.2 Rising Shale Gas Extraction Driving Demand for Virtual Pipeline System
5.2 Market Restraints
5.2.1 Significant Dominance of Conventional Pipeline Infrastructure
5.3 Market Opportunities
5.3.1 Growing Inclination towards Consumption of Natural Gas
5.4 Future Trends
5.4.1 Growing Investment in VPS Technologies
5.5 Impact Analysis of Drivers and Restraints
6. Virtual Pipeline Systems - Europe Market Analysis
6.1 Europe Virtual Pipeline Systems Market Overview
6.2 Europe Virtual Pipeline Systems Market Revenue Forecast and Analysis
7. Europe Virtual Pipeline Systems Market - By Type
7.1 Overview
7.2 Europe Virtual Pipeline Systems Market, By Type (2021 and 2028)
7.3 Standard Trailer
7.3.1 Overview
7.3.2 Europe Standard Trailer: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Towable Trailer
7.4.1 Overview
7.4.2 Europe Towable Trailer: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
8. Europe Virtual Pipeline Systems Market - By Gas
8.1 Overview
8.2 Europe Virtual Pipeline Systems Market, By Gas (2021 and 2028)
8.3 CNG
8.3.1 Overview
8.3.2 Europe CNG: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Hydrogen
8.4.1 Overview
8.4.2 Europe Hydrogen: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Europe Others: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
9. Europe Virtual pipeline systems Market - By Pressure Rating
9.1 Overview
9.2 Europe Virtual Pipeline Systems Market, By Pressure Rating (2021 and 2028)
9.3 Less than 3000 Psi
9.3.1 Overview
9.3.2 Europe Less than 3000 Psi: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
9.41 Psi to 5000 Psi
9.4.1 Overview
9.4.2 Europe 3001 Psi to 5000 Psi: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
9.5 More than 5001 Psi
9.5.1 Overview
9.5.2 Europe More than 5001 Psi: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
10. Europe Virtual Pipeline Systems Market - By Application
10.1 Overview
10.2 Europe Virtual Pipeline Systems Market, By Application (2021 and 2028)
10.3 Industrial
10.3.1 Overview
10.3.2 Europe Industrial: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
10.4 Transportation
10.4.1 Overview
10.4.2 Europe Transportation: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
10.5 Commercial & Residential
10.5.1 Overview
10.5.2 Europe Commercial & Residential: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
11. Europe Virtual Pipeline Systems Market - Country Analysis
11.1 Europe: Virtual Pipeline Systems Market
11.1.1 Europe: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
11.1.2 Europe: Virtual Pipeline Systems Market, By Key Country
11.1.2.1 Germany: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
11.1.2.1.1 Germany: Virtual Pipeline Systems Market, By Type
11.1.2.1.2 Germany: Virtual Pipeline Systems Market, By Gas
11.1.2.1.3 Germany: Virtual Pipeline Systems Market, By Pressure Rating
11.1.2.1.4 Germany: Virtual Pipeline Systems Market, By Application
11.1.2.2 France: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
11.1.2.2.1 France: Virtual Pipeline Systems Market, By Type
11.1.2.2.2 France: Virtual Pipeline Systems Market, By Gas
11.1.2.2.3 France: Virtual Pipeline Systems Market, By Pressure Rating
11.1.2.2.4 France: Virtual Pipeline Systems Market, By Application
11.1.2.3 Italy: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
11.1.2.3.1 Italy: Virtual Pipeline Systems Market, By Type
11.1.2.3.2 Italy: Virtual Pipeline Systems Market, By Gas
11.1.2.3.3 Italy: Virtual Pipeline Systems Market, By Pressure Rating
11.1.2.3.4 Italy: Virtual Pipeline Systems Market, By Application
11.1.2.4 UK: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
11.1.2.4.1 UK: Virtual Pipeline Systems Market, By Type
11.1.2.4.2 UK: Virtual Pipeline Systems Market, By Gas
11.1.2.4.3 UK: Virtual Pipeline Systems Market, By Pressure Rating
11.1.2.4.4 UK: Virtual Pipeline Systems Market, By Application
11.1.2.5 Russia: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
11.1.2.5.1 Russia: Virtual Pipeline Systems Market, By Type
11.1.2.5.2 Russia: Virtual Pipeline Systems Market, By Gas
11.1.2.5.3 Russia: Virtual Pipeline Systems Market, By Pressure Rating
11.1.2.5.4 Russia: Virtual Pipeline Systems Market, By Application
11.1.2.6 Rest of Europe: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
11.1.2.6.1 Rest of Europe: Virtual Pipeline Systems Market, By Type
11.1.2.6.2 Rest of Europe: Virtual Pipeline Systems Market, By Gas
11.1.2.6.3 Rest of Europe: Virtual Pipeline Systems Market, By Pressure Rating
11.1.2.6.4 Rest of Europe: Virtual Pipeline Systems Market, By Application
12. Industry Landscape
12.1 Overview
12.2 New Product Launch
12.3 Merger and Acquisition
13. Company Profiles
13.1 Galileo Technologies S.A.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Bayotech, Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Petroliam Nasional Berhad (PETRONAS)
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 RAG Austria AG
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Quantum Fuel Systems LLC.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Chart Industries, Inc.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 SHIJIAZHUANG ENRIC GAS EQUIPMENT CO., LTD.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Fiba Technologies Inc
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Hexagon Agility
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Composite Advanced Technologies, LLC.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About the Publisher
14.2 Word Index
List of Tables
Table 1. Europe Virtual Pipeline Systems Market Revenue and Forecast to 2028 (US$ Million)
Table 2. Europe: Virtual Pipeline Systems Market, By Type - Revenue and Forecast to 2028 (US$ Million)
Table 3. Europe: Virtual Pipeline Systems Market, By Gas - Revenue and Forecast to 2028 (US$ Million)
Table 4. Europe: Virtual Pipeline Systems Market, By Pressure Rating - Revenue and Forecast to 2028 (US$ Million)
Table 5. Europe: Virtual Pipeline Systems Market, By Application - Revenue and Forecast to 2028 (US$ Million)
Table 6. Europe: Virtual Pipeline Systems Market, By Country - Revenue and Forecast to 2028 (US$ Million)
Table 7. Germany: Virtual Pipeline Systems Market, By Type - Revenue and Forecast to 2028 (US$ Million)
Table 8. Germany: Virtual Pipeline Systems Market, By Gas - Revenue and Forecast to 2028 (US$ Million)
Table 9. Germany: Virtual Pipeline Systems Market, By Pressure Rating - Revenue and Forecast to 2028 (US$ Million)
Table 10. Germany: Virtual Pipeline Systems Market, By Application - Revenue and Forecast to 2028 (US$ Million)
Table 11. France: Virtual Pipeline Systems Market, By Type - Revenue and Forecast to 2028 (US$ Million)
Table 12. France: Virtual Pipeline Systems Market, By Gas - Revenue and Forecast to 2028 (US$ Million)
Table 13. France: Virtual Pipeline Systems Market, By Pressure Rating - Revenue and Forecast to 2028 (US$ Million)
Table 14. France: Virtual Pipeline Systems Market, By Application - Revenue and Forecast to 2028 (US$ Million)
Table 15. Italy: Virtual Pipeline Systems Market, By Type - Revenue and Forecast to 2028 (US$ Million)
Table 16. Italy: Virtual Pipeline Systems Market, By Gas - Revenue and Forecast to 2028 (US$ Million)
Table 17. Italy: Virtual Pipeline Systems Market, By Pressure Rating - Revenue and Forecast to 2028 (US$ Million)
Table 18. Italy: Virtual Pipeline Systems Market, By Application - Revenue and Forecast to 2028 (US$ Million)
Table 19. UK: Virtual Pipeline Systems Market, By Type - Revenue and Forecast to 2028 (US$ Million)
Table 20. UK: Virtual Pipeline Systems Market, By Gas - Revenue and Forecast to 2028 (US$ Million)
Table 21. UK: Virtual Pipeline Systems Market, By Pressure Rating - Revenue and Forecast to 2028 (US$ Million)
Table 22. UK: Virtual Pipeline Systems Market, By Application - Revenue and Forecast to 2028 (US$ Million)
Table 23. Russia: Virtual Pipeline Systems Market, By Type - Revenue and Forecast to 2028 (US$ Million)
Table 24. Russia: Virtual Pipeline Systems Market, By Gas - Revenue and Forecast to 2028 (US$ Million)
Table 25. Russia: Virtual Pipeline Systems Market, By Pressure Rating - Revenue and Forecast to 2028 (US$ Million)
Table 26. Russia: Virtual Pipeline Systems Market, By Application - Revenue and Forecast to 2028 (US$ Million)
Table 27. Rest of Europe: Virtual Pipeline Systems Market, By Type - Revenue and Forecast to 2028 (US$ Million)
Table 28. Rest of Europe: Virtual Pipeline Systems Market, By Gas - Revenue and Forecast to 2028 (US$ Million)
Table 29. Rest of Europe: Virtual Pipeline Systems Market, By Pressure Rating - Revenue and Forecast to 2028 (US$ Million)
Table 30. Rest of Europe: Virtual Pipeline Systems Market, By Application - Revenue and Forecast to 2028 (US$ Million)
Table 31. List of Abbreviation
List of Figures
Figure 1. Europe Virtual Pipeline Systems Market Segmentation
Figure 2. Europe Virtual Pipeline Systems Market Segmentation - By Country
Figure 3. Europe Virtual Pipeline Systems Market Overview
Figure 4. Europe Virtual Pipeline Systems Market, By Type
Figure 5. Europe Virtual Pipeline Systems Market, By Country
Figure 6. Europe - PEST Analysis
Figure 7. Europe Virtual Pipeline Systems Market- Ecosystem Analysis
Figure 8. Europe Virtual Pipeline Systems Market Impact Analysis of Drivers and Restraints
Figure 9. Europe Virtual Pipeline Systems Market Revenue Forecast and Analysis (US$ Million)
Figure 10. Europe: Virtual Pipeline Systems Market Revenue Share, by Type (2021 & 2028)
Figure 11. Europe Standard Trailer: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
Figure 12. Europe Towable Trailer: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
Figure 13. Europe: Virtual Pipeline Systems Market Revenue Share, by Gas (2021 & 2028)
Figure 14. Europe CNG: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
Figure 15. Europe Hydrogen: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
Figure 16. Europe Others: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
Figure 17. Europe: Virtual Pipeline Systems Market Revenue Share, by Pressure Rating (2021 & 2028)
Figure 18. Europe Less than 3000 Psi: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
Figure 19. Europe 3001 Psi to 5000 Psi: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
Figure 20. Europe More than 5001 Psi: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
Figure 21. Europe: Virtual Pipeline Systems Market Revenue Share, by Application (2021 & 2028)
Figure 22. Europe Industrial: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
Figure 23. Europe Transportation: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
Figure 24. Europe Commercial & Residential: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
Figure 25. Europe: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
Figure 26. Europe: Virtual Pipeline Systems Market Revenue Share, by Key Country (2021 & 2028)
Figure 27. Germany: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
Figure 28. France: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
Figure 29. Italy: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
Figure 30. UK: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
Figure 31. Russia: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
Figure 32. Rest of Europe: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
Companies Mentioned
- Galileo Technologies S.A.
- Bayotech, Inc.
- Petroliam Nasional Berhad (PETRONAS)
- RAG Austria AG
- Quantum Fuel Systems LLC.
- Chart Industries, Inc.
- SHIJIAZHUANG ENRIC GAS EQUIPMENT CO., LTD
- Fiba Technologies Inc.
- Hexagon Agility
- Composite Advanced Technologies, LLC.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 118 |
| Published | December 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 282.32 Million |
| Forecasted Market Value ( USD | $ 434.58 Million |
| Compound Annual Growth Rate | 7.5% |
| Regions Covered | Europe |
| No. of Companies Mentioned | 10 |
