Pipeline Transport Global Market Report 2024

The pipeline transport market size has grown strongly in recent years. It will grow from $147.83 billion in 2023 to $157.91 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth observed during the historical period can be attributed to various factors, including economic growth, infrastructure development, increased energy demand, regulatory changes, and geopolitical considerations. These elements have played a significant role in shaping the growth of pipeline transport as a mode of transportation.

The pipeline transport market size is expected to see strong growth in the next few years. It will grow to $205.28 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The projected growth in the forecast period can be attributed to factors such as the transition towards renewable energy sources, the influence of environmental regulations, the emphasis on energy security, the adoption of digitalization and automation, and the pursuit of carbon reduction goals. Notable trends in the forecast period encompass the shift towards safer materials, an increased focus on environmental responsibility, the adoption of smart technologies, the expansion of liquefied natural gas (LNG) infrastructure, and a growing emphasis on cybersecurity within the pipeline transport industry.

Pipeline transportation companies are harnessing the potential of augmented reality (AR) for streamlining maintenance operations. Augmented reality, or AR, involves blending real-world visuals, videos, or other sensory inputs with computer-generated information or graphics. This composite view is typically presented through an output device such as a monitor or headset. In the pipeline transportation sector, AR headsets can be affixed to hard hats and utilized to project hands-free guidance and instructions onto equipment. This assists technicians in performing inspections and conducting maintenance tasks efficiently. AR animations play a pivotal role in enhancing operational efficiency, reducing errors, and minimizing uncertainties by providing step-by-step instructions, showcasing the necessary tools, and identifying required parts.

The primary categories within the pipeline transport market include crude oil pipeline transport, natural gas pipeline transport, refined petroleum products pipeline transport, and other related types. Refined petroleum products pipeline transport involves the use of transmission pipelines to transport processed petroleum products. The market can be further segmented by solutions, including security solutions, automation and control, integrity and tracking solutions, network communication solutions, and others. Additionally, it can be categorized by services, encompassing consulting services, managed services, and maintenance and support.

The pipeline transport market research report is one of a series of new reports that provides pipeline transport market statistics, including pipeline transport industry global market size, regional shares, competitors with a pipeline transport market share, detailed pipeline transport market segments, market trends and opportunities, and any further data you may need to thrive in the pipeline transport industry. This pipeline transport market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The surge in the demand for oil and gas is poised to act as a driving force behind the growth of the pipeline transport market in the foreseeable future. Oil and gas resources encompass vital natural reserves extracted from the Earth, including petroleum and natural gas, which serve various energy and industrial purposes. The pipeline transport sector contributes to the increased demand for oil and gas by facilitating a cost-effective and efficient mode of transportation. It enables the movement of these resources from production sites to distribution hubs and ultimately to end consumers. This, in turn, lowers transportation expenses, enhances accessibility, and encourages greater consumption. For instance, in June 2023, the International Energy Agency projected a 6% growth in global oil demand between 2022 and 2028, reaching 105.7 million barrels per day (mb/d). This growth is driven by robust demand from sectors such as petrochemicals and aviation. Consequently, the rising demand for oil and gas is a significant catalyst for the expansion of the pipeline transport market.

Prominent companies operating in the pipeline transport market are adopting next-generation gas distribution modules to gain a competitive edge. These modules are designed to enhance safety, efficiency, and environmental sustainability in the distribution of natural gas. Mobile pipeline modules represent an innovative gas distribution system that facilitates the transportation of compressed and renewable natural gas to end users on-demand. For example, in January 2023, Hexagon Group AG introduced the TITAN 450 modules, representing the latest advancement in gas distribution modules, aimed at transporting compressed and renewable natural gas, including both CNG and RNG, throughout North America. The TITAN 450 Mobile Pipeline modules enable the secure transport of nearly half a million standard cubic feet of CNG or RNG within a 40-foot module, resulting in more efficient gas delivery and reduced operational costs. This underscores the commitment of these major companies to innovation and environmentally responsible practices in the pipeline transport market.

Major companies operating in the pipeline transport market include ABB Group, Alcatel-Lucent Enterprise, Emerson Electric Co., FMC Technologies Inc., Schneider Electric SE, Kinder Morgan Inc., TransCanada PipeLines Limited, Enbridge Inc., Williams Companies Inc., Energy Transfer LP, Plains All American Pipeline LP, Colonial Pipeline Company, TC PipeLines LP, Dominion Energy Inc., Magellan Midstream Partners L.P., DCP Midstream LP, Buckeye Partners L.P., Crestwood Equity Partners LP, ONEOK Inc., Enterprise Products Partners L.P., TC Energy Corporation, Chevron Corporation, Exxon Mobil Corporation, Phillips 66, Shell Pipeline Company LP, EnLink Midstream Partners LP, NuStar Energy L.P., Noble Midstream Partners LP, Shell Midstream Partners L.P., CNX Midstream Partners LP, Pembina Pipeline Corporation, Keyera Corp., Inter Pipeline Ltd.

North America was the largest region in the pipeline transport market in 2023. Asia-Pacific was the second largest region in the pipeline transport market. The regions covered in the pipeline transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the pipeline transport market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa

The pipeline transport market includes revenues earned by entities by transporting hazardous chemicals, gases, petroleum products, and crude oil using transmission pipelines to reduce obstacles in the supply of goods. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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