Gas Pipeline Infrastructure Global Market Report 2024

The gas pipeline infrastructure market size has grown steadily in recent years. It will grow from $2673.87 billion in 2023 to $2778.98 billion in 2024 at a compound annual growth rate (CAGR) of 3.9%. The growth observed in the historical period can be attributed to factors such as the industrial revolution and urbanization, the growth in energy demand, discoveries and extraction of resources, government policies and investments, modernization of infrastructure, as well as environmental concerns and regulations.

The gas pipeline infrastructure market size is expected to see steady growth in the next few years. It will grow to $3238.13 billion in 2028 at a compound annual growth rate (CAGR) of 3.9%. The anticipated growth in the forecast period can be attributed to factors such as the integration of renewable energy, a transition towards increased usage of natural gas, infrastructure modernization programs, the global growth of energy demand, and the implementation of international pipeline projects. Major trends expected in the forecast period include the ongoing transition to renewable energy, the adoption of smart pipeline technologies, the expansion of LNG trade, a heightened focus on pipeline safety, and the influence of evolving geopolitical dynamics.

The anticipated increase in oil and gas consumption is poised to drive the growth of the gas pipeline infrastructure market in the future. Oil and gas activities encompass external drilling, production, gathering, refining, distribution, and transportation. A surge in oil and gas consumption typically translates to a heightened demand for energy transportation through pipelines. This surge fuels the expansion and enhancement of gas pipeline infrastructure to cater to the escalating need for transporting these resources from production sites to consumption areas. As per the Energy Information Administration's report in April 2023, oil consumption rose by 5.3 million barrels per day (b/d) in 2021 and is projected to further increase by 1.4 million b/d in global liquid fuel consumption in 2023 and 1.8 million b/d in 2024. Consequently, the growth of the gas pipeline infrastructure market is driven by the increase in oil and gas consumption.

The increasing demand for shale gas is expected to propel the growth of the gas pipeline infrastructure market. Shale gas, extracted from shale rock formations using hydraulic fracturing (fracking), relies on gas pipeline infrastructure for transportation, utilizing both old and new pipeline networks. According to the US Energy Information Administration's data in March 2023, the US produced 3,680,343 million cubic feet of natural gas in 2021, with shale gas accounting for 72.2% of the total natural gas produced. Therefore, the upward trajectory in shale gas demand is a significant driver for the growth of the gas pipeline infrastructure market.

Strategic partnerships are a key strategy employed by major companies in the gas pipeline infrastructure market to leverage resources and expertise, achieving cost efficiencies and improving economies of scale, crucial for large-scale pipeline projects. Collaborations allow companies to share risks associated with these projects, reducing the financial burden on individual partners and facilitating funding for infrastructure development. An example is the partnership between DNV and Pipeline Infrastructure Limited (PIL) in July 2022, where DNV, a Norway-based company, is providing technical advice and support to integrate hydrogen into PIL's gas network assets in India, aligning with the goals of the Paris Agreement and supporting a faster transition to a decarbonized energy system.

Technological advancements emerge as a notable trend gaining traction in the gas pipeline infrastructure market. Companies in this sector are embracing new technologies to maintain their market position. ABB, a Switzerland-based automation company, introduced the Sensi+ revolutionary analyzer in December 2022. This analyzer employs laser-based technology to enhance process control, delivering rapid and accurate readings while minimizing false readings. Capable of analyzing up to three pollutants (H2S, H2O, and CO2) in any natural gas stream, the Sensi+ analyzer offers safer, simpler, and more effective pipeline monitoring and operations in a single device.

In February 2023, Williams Companies Inc., a US-based natural gas transportation and processing company, acquired MountainWest Pipelines Holdings for $1.5 billion. Through this acquisition, Williams aims to expand its infrastructure network and diversify its FERC-regulated natural gas transmission and storage offerings. MountainWest Pipelines Holdings is a US-based interstate natural gas pipeline corporation providing storage and transmission services.

Major companies operating in the gas pipeline infrastructure market report are Gazprom Neft PJSC, Snam SpA, MRC Global Corporation, Crutcher Rolfs Cummings Inc., National Oilwell Varco Inc., General Electric Company, PT Pertamina Gas Negara Tbk, TechnipFMC plc, Kinder Morgan Inc., Saipem SpA, Enbridge Inc., Europipe GmbH, Australian Pipeline Limited, Alliance Pipeline Ltd., DCP Midstream Partners LP, Redexis Gas SA, ChelPipe Group, TC Energy Corporation, Tenaris Inc., Trubnaya Metallurgicheskaya Kompaniya Group, Mott Macdonald Group Ltd., Nippon Steel Corporation, TotalEnergies SE, Chevron Corporation, British Petroleum plc, Qatar Jet Fuel Company, Allied Aviation Services Inc., Bharat Petroleum Corp. Ltd., McDermott International Inc., Pembina Pipeline Corporation.

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

The primary components of gas pipeline infrastructure equipment include pipelines, valves, compressor stations, and metering skids. Pipelines refer to sections of pipes equipped with pumps, valves, and control mechanisms, facilitating the reliable, secure, and sustainable transportation of gases. Operating through transmission and distribution methods, these pipelines serve both onshore and offshore applications. They are utilized by various end users, including commercial and residential entities.

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