Pipeline transportation is ideal for unidirectional flow of goods and inflationary influences have minimal effect on the transport cost. In comparison with conventional transportation, pipeline transportation has many advantages such as low operating cost, environment friendliness, flexibility, and complete automation of loading and unloading operations. These are all factors that are driving the pipeline transport market and are expected to boost the growth at an extremely high pace.
The global Pipeline Transportation Market size was valued at $17.9 billion in 2021, and pipeline transportation industry is projected to reach $37.4 billion by 2031, growing at a CAGR of 7.7% from 2022 to 2031.
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COVID-19 Scenario Analysis:
➢ The COVID-19 outbreak negatively affected most of the pipeline transport market’s development. The government’s efforts to halt the spread of the virus resulted in a global lockdown, resulting in the shutdown of various industries, which resulted in a drop in demand for petroleum and chemical raw materials used to manufacture finished products; the lack of a workforce resulted in the bankruptcy of many manufacturing industries around the world.
➢ The COVID-19 pandemic has stimulated the demand for pipeline transportation as they are directly connected to the source of raw materials such as oil fields, refineries, and other chemical plants.
➢ Overcoming transportation constraints imposed by the pandemic led to government investment in the deployment of transportation pipelines.
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By solution type, it is divided into security solutions, automation and control, integrity and tracking solution, network communication solution, and others. The network communications solution segment accounted for the largest pipeline transportation market share in the global pipeline transportation market in 2021. Optical fiber networks, microwave networks, and satellite networks are widely used in network communication solutions. By service, the maintenance and support segment accounted for the largest share in 2021, owing to demand for maintenance and supporting technologies to maintain the ease of transportation of liquids through pipes to various end-use industries. An increase in demand for petroleum products in countries such as China and India, have benefited the pipeline transportation market.
Based on type, the oil and gas segment accounted for 51.6% of the pipeline transportation market share in 2021 and is expected to maintain its dominance during the forecast period. Pipelines are generally the most economical way to transport large quantities of oil, refined oil products, and natural gas over land. There are three types of pipelines that carry oil such as gathering systems, crude oil pipeline systems, and refined products pipelines systems. The crude oil pipeline system carries crude oil to refineries while refined product pipelines transport refined products such as gasoline, kerosene, jet fuel, and heating oil from refineries to the market.
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Key benefits of the report:
➢ This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the pipeline transportation market analysis from 2021 to 2031 to identify the prevailing pipeline transportation market opportunities.
➢ The market research is offered along with information related to key drivers, restraints, and opportunities.
➢ Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
➢ In-depth analysis of the pipeline transportation market segmentation assists to determine the prevailing market opportunities.
➢ Major countries in each region are mapped according to their revenue contribution to the global market.
➢ Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
➢ The report includes the analysis of the regional as well as global pipeline transportation market trends, key players, market segments, application areas, and market growth strategies.
Leading Market Players:
Comprehensive analysis and profiles of the major market players such as
Alstom SA, Alcatel-Lucent Enterprise International, ESRI, Schneider Electric, Siemens AG, ABB Ltd., Trimble Navigation Limited, FMC Technologies, Emerson Electric Co., Rockwell Automation, Inc.
These players have adored various strategies to increase their market penetration and strengthen their position in the industry. Current and future Pipeline transportation market trends are outlined to determine the overall attractiveness of the market.
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