Diaphragm Pump Market – Development Status & Growth Projection by 2030

According to the report published by Allied Market Research, the global pipeline transportation market was estimated at $16.3 billion in 2020 and is expected to hit $34.8 billion by 2030, registering a CAGR of 7.9% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and varying market trends.

Increase in demand for oil & gas, rise in the production of offshore resources, and surge in demand for cost efficient transportation system for chemicals and other liquids drive the growth of the global pipeline transportation market. On the other hand, presence of intrusion and leakage detection during transportation impede the growth to some extent. However, emerging technologies to overcome pipeline transportation are expected to pave the way for lucrative opportunities in the industry.

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The global pipeline transportation market is analyzed across type, solutions, services, and region.

By solutions the network communication solution segment held the highest market share in 2020, holding around one-third of the global market. The same segment is also projected to manifest the fastest CAGR of 8.2% from 2021 to 2030.

By service, the maintenance and support segment contributed to the major share in 2020, accounting for nearly two-fifths of the global market, and is expected to lead the trail during the forecast period. The same segment is also anticipated to cite the fastest CAGR of 8.5% from 2021 to 2030.

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By region, Asia-Pacific held the highest market share in terms of revenue 2020, garnering nearly two-fifths of the global market. The same region is also expected to showcase the fastest CAGR of 8.9% throughout the forecast period. The other provinces discussed in the report include North America, Europe and LAMEA.

The key market players analyzed in the global pipeline transportation market report include ABB Ltd., Schneider Electric, Siemens, Alcatel-Lucent, ESRI, Alstom, Trimble Navigation Limited, Emerson, Rockwell Automation, and FMC Technologies. These market players have adhered to several strategies including partnership, expansion, collaboration, joint ventures, and others to prove their flair in the industry.

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COVID-19 scenario-

  • The complete lockdown across the globe led to the shutdown of various industries which gave way to decline in demand for petroleum and chemical raw materials to manufacture several finished products, which impacted the global pipeline transportation market negatively, especially during the initial phase.
  • However, to overcome the situation, several government bodies have now started investing toward the development of transportation pipelines, and the market is expected to recoup soon.  

About us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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