Natural Gas Pipeline Transport Global Market Report 2024

The natural gas pipeline transport market size has grown strongly in recent years. It will grow from $17.44 billion in 2023 to $18.47 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The expansion observed during the historical period can be ascribed to various factors, including the rise in energy demand and consumption, increasing awareness of environmental considerations and the shift towards clean energy, economic growth coupled with industrial expansion, government policies focusing on energy security, and the interplay of global trade with interconnected gas markets.

The natural gas pipeline transport market size is expected to see strong growth in the next few years. It will grow to $22.86 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The anticipated growth in the forecast period can be linked to various factors, such as the integration of renewable energy and its conversion to power, the ongoing transition to low-carbon energy systems, increased investments in infrastructure and efforts to enhance energy access, rising demand for natural gas in emerging markets, and the pursuit of climate change mitigation and emission reduction objectives. Notable trends expected in the forecast period encompass the incorporation of renewable gas, the modernization of aging pipeline infrastructure, regulatory backing for pipeline development, a shift towards long-distance and cross-border pipelines, and the integration of cybersecurity measures.

The anticipated rise in natural gas consumption is poised to drive the growth of the natural gas pipeline transport market in the foreseeable future. Natural gas, derived from organic remnants, is transported through pipelines across regional or international borders to cater to market demands. A notable example is the United States, where, in January 2023, the Energy Information Administration reported a record daily high consumption of 141.0 billion cubic feet (Bcf) of natural gas. Furthermore, natural gas consumption in the electric power sector witnessed a 45% increase in December 2022. Consequently, the escalating use of natural gas is a key factor propelling the expansion of the natural gas pipeline transport market.

The expanding energy demand is expected to be a driving force behind the growth of the natural gas pipeline transport market. Energy demand, measured in terms of power or fuel consumption, reflects the total energy needed to meet specific system, regional, or societal requirements. Natural gas pipelines emerge as a reliable and cost-effective solution for transporting large gas volumes over extensive distances, supporting industrial and economic growth. Their adaptability, environmental considerations, and integration with renewable energy align with the role they play in addressing the surging global energy demand. Notably, projections from the Energy Information Administration in April 2023 indicate a 5% to 32% rise in energy usage in the US industrial sector between 2022 and 2050, underscoring the growth-driving impact of increasing energy demand on the natural gas pipeline transport market.

Technological advancements stand out as a prominent trend gaining momentum in the natural gas pipeline transport market. Major industry players are actively involved in developing innovative technologies to maintain their market standing. For instance, in December 2022, ABB Ltd, a Switzerland-based provider of digital technologies, introduced Sensi+, an analyzer designed to enhance pipeline operation and maintenance efficiency while reducing costs. This technology enables precise and instantaneous assessment of up to three pollutants (H2S, H2O, and CO2) in any natural gas stream, contributing to safer, simpler, and more effective pipeline monitoring and operations. With features such as built-in self-diagnostics, automated laser line-locking, in-the-moment cross-interference compensation, and health monitoring, the Sensi+ analyzer exemplifies the ongoing technological advancements in the natural gas pipeline transport market.

The formation of joint ventures emerges as a strategic trend adopted by major companies operating in the natural gas pipeline transport market to gain a competitive advantage. Joint ventures involve the collaboration of two or more entities, combining resources and efforts for a specific project or business activity, with shared risks and rewards. An illustrative example is the joint venture between Kinder Morgan Tejas Pipeline LLC (Tejas), a subsidiary of Kinder Morgan, Inc., and Howard Energy Partners (HEP), aimed at expanding their respective Eagle Ford natural gas transportation systems. This collaborative project encompasses the construction of over 120 miles of new large-diameter pipeline.

In February 2023, Williams, a US-based natural gas processing and transportation company, acquired MountainWest Pipeline for $1.5 billion, reinforcing its presence in the western United States and diversifying its business portfolio to include more FERC-regulated natural gas transmission and storage. MountainWest Pipeline, a US-based interstate natural gas pipeline company, provides storage and transportation services in Wyoming, Colorado, and Utah.

Major companies operating in the natural gas pipeline transport market report are ABB Ltd., General Electric Company, Saipem SpA, Technip Energies NV, Enterprise Products Partners LP, 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, Williams Companies Inc., Dominion Energy Inc., TC Energy Corporation, Cheniere Energy Inc., Sempra Energy, National Grid plc, TransAlta Corporation, Antero Midstream Corporation, Crestwood Equity Partners LP, DCP Midstream LP, Targa Resources Corp., Boardwalk Pipeline Partners LP, MPLX LP, Magellan Midstream Partners LP, Plains All American Pipeline LP, NuStar Energy LP, Holly Energy Partners LP, Shell Midstream Partners LP, Valero Energy Partners LP, EnLink Midstream Partners LP, Genesis Energy LP, Blueknight Energy Partners LP, Summit Midstream Partners LP, NGL Energy Partners LP.

North America was the largest region in the natural gas pipeline market in 2023. Asia-Pacific is expected to be the fastest-growing region in the natural gas pipeline transport market report during the forecast period. The regions covered in the natural gas pipeline transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the natural gas pipeline transport market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The various pipeline types are employed, including gathering pipelines, transportation pipelines, and distribution pipelines. A gathering pipeline, a specific type within this system, is responsible for conveying gas or oil from an operational production facility to a transmission line or main. It encompasses diverse components, such as transmission pipes, compressor stations, metering stations, and valves, which find applications both onshore and offshore.

The natural gas pipeline transport market research report is one of a series of new reports that provides natural gas pipeline transport market statistics, including natural gas pipeline transport industry global market size, regional shares, competitors with a natural gas pipeline transport market share, detailed natural gas pipeline transport market segments, market trends and opportunities, and any further data you may need to thrive in the natural gas pipeline transport industry. This natural gas 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 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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