Published Report - Gas Pipeline Infrastructure Market to Grow at 3.1% CAGR | 2030

  • Report Code : TIPAR00029705
  • Category : Energy and Power
  • Status : Published
  • No. of Pages : 177
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Gas Pipeline Infrastructure Market to Grow at 3.1% CAGR | 2030

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[Research Report] The gas pipeline infrastructure market size was valued at US$ 31,782.8 million in 2022 and is projected to reach US$ 40,703.5 million by 2030; it is expected to register a CAGR of 3.1% from 2022 to 2030.

Analyst Perspective:

The global gas pipeline infrastructure market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). North America is among the major crude oil and natural gas producers worldwide. The US has the largest network of gas pipelines globally, with a total of 4.22 million km of gas pipeline (transmission and distribution). The country's gas sector is growing year-on-year owing to the discovery of new shale gas sites. In addition, natural gas production in the US has grown significantly in recent years as improvements in gas extraction technologies have made it commercially viable to recover gas trapped in mature gas wells.

Large population, high per capita income, and rapid industrialization drive the gas pipeline infrastructure industry in APAC. The region is the largest consumer of crude oil & gas. Further, highly industrialized countries such as China, India, Japan, and South Korea are reporting increasing overall energy consumption. To fulfill the growing gas demand, these countries are increasing their focus on boosting gas pipeline infrastructure through investment in the midstream gas sector, which is supporting the market growth in APAC.

Market Overview:

Gas pipeline infrastructure comprises an interconnected system of pipelines responsible for transporting natural gas from production facilities to end users. It forms a critical component of the energy sector, facilitating the efficient and secure distribution of natural gas across regions. This infrastructure plays a vital role in meeting the rising demand for clean energy sources globally. As a cost-effective and reliable means of transportation, gas pipelines contribute significantly to the accessibility and utilization of natural gas, supporting industries, households, and power generation. The development and maintenance of this infrastructure are integral to ensuring a sustainable and resilient energy supply chain.

The gas pipeline infrastructure market is a critical component of the global energy landscape, facilitating the transportation of natural gas from production bases to end users. The rising requirement for cleaner energy sources has propelled the growth of natural gas consumption, driving the need for expanded and efficient pipeline networks. Additionally, the abundance of shale gas resources has contributed to a surge in gas production, necessitating the development of robust pipeline infrastructure.

Despite the promising outlook, the gas pipeline infrastructure market faces certain restraints. One significant challenge is the high upfront capital required for pipeline construction, leading to financial constraints for a few potential projects. Environmental concerns and regulatory hurdles also pose obstacles, with stakeholders struggling to balance economic development with sustainable practices. In addition, geopolitical factors and regional conflicts can disrupt pipeline projects, introducing uncertainties and risks for investors. Moreover, technological advancements in pipeline construction and maintenance techniques increase the potential for cost reductions and high efficiency. Integration of sensors, monitoring systems, and other smart technologies enhances the safety and reliability of pipeline operations. Additionally, the ongoing global energy transition and adoption of decarbonization present opportunities for the gas pipeline industry to play a pivotal role in providing a transitional energy source.

Europe has a sophisticated grid facilitating gas transportation from Russian and North Sea production sites to consumers across the region, exemplified by pipelines such as Nord Stream and the Trans-European Gas Pipeline (TENP). In Asia, rapid growth is witnessed in gas pipeline development to meet escalating demand, with pipelines such as the Central Asia-China Gas Pipeline linking Russian and Central Asian sources to markets in China. The Middle East features an intricate web of pipelines connecting gas-rich countries, including Qatar and Iran, to regional and international consumers, with projects such as the Arab Gas Pipeline playing a pivotal role in gas pipeline infrastructure market. Africa, South America, and Oceania are witnessing evolving gas pipeline landscapes, connecting production to end user demand in regions with burgeoning energy needs.

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Published Report - Gas Pipeline Infrastructure Market: Strategic Insights

Published Report - Gas Pipeline Infrastructure Market

  • CAGR (2022 - 2030)
    3.1%
  • Market Size 2022
    US$ 31.78 Billion
  • Market Size 2030
    US$ 40.7 Billion

Market Dynamics

GROWTH DRIVERS
  • Rise in Demand for Natural Gas
  • Increase in Energy Demand Across the Globe
FUTURE TRENDS
  • Growing Developments in the Offshore Gas Industry
OPPORTUNITIES
  • Rise in Shale Gas Production in North America

Key Players

  • Enbridge Inc
  • Kinder Morgan Inc
  • TC Energy Corporation
  • Pembina Pipeline Corporation
  • Sinopec Group
  • Pipeline Infrastructure Limited
  • Enagas S.A.
  • Berkshire Hathaway
  • Saipem

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Operation
  • Transmission and Distribution
Equipment
  • Pipeline
  • Compressor Station
  • Metering Skids
  • Others
Application
  • Onshore and Offshore
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Market Driver:

 

Increase in Energy Demand Across Globe

The rising population and growing urbanization are a few factors boosting the consumption of energy worldwide. For instance, India is the third largest energy-consuming country worldwide, owing to growing incomes and improved living standards; after China and the US, India's energy consumption has doubled since 2000, with 80% of demand still met by oil, coal, and solid biomass. Natural gas accounts for 6% of India's energy portfolio. However, over the next 20 years, India's gas consumption is projected to more than double its share of the energy portfolio, owing to its high demand in manufacturing, commercial, and industrial sectors. As per The US Energy Information Administration (EIA), US energy consumption is anticipated to grow through 2050 owing to economic and population growth. Natural gas has the potential application in electricity generation, which boosts its demand. Furthermore, due to the increasing energy uncertainties in Europe owing to the Russia-Ukraine war, governments of several countries are also boosting the application of natural gas. Thus, the increase in energy demand fuels the the gas pipeline infrastructure market growth.

Segmental Analysis:

Based on operation, the gas pipeline infrastructure market is bifurcated into transmission and distribution. The distribution segment accounted for more than 80.0% of revenue in the gas pipeline infrastructure market in 2022 and is expected to be the key segment during the forecast period. Gas pipeline infrastructure is a safe method of transporting gas from gas sources to gas-consuming markets. Gas transmission pipelines are primarily leveraged to carry natural gas from storage systems to refining, processing, and storage facilities. The pipeline infrastructure for the distribution of gas plays a crucial role in the overall gas pipeline infrastructure as it helps to distribute the gas to and from any location. The dominance of distribution pipelines in the gas pipeline infrastructure market stems from their indispensable role in gas transportation within the gas distribution sector. Pipelines are crucial components, facilitating the transfer of gas from production to processing facilities. Their prevalence is justified by attributes such as durability, corrosion resistance, and adaptability to harsh onshore and offshore environments. Technological advancements, including the use of high-strength materials and protective coatings, contribute to their resilience and suitability for these applications.

Regional Analysis:

According to The Insight Partners analysis, in 2022, North America registered the highest gas pipeline infrastructure market share of 66.3% and is expected to record CAGR of 3.4% from 2022 to 2030, owing to the current gas pipeline network and capacity additions.  

The mounting demand for energy and the growing application of natural gas are boosting the market development of gas pipeline infrastructure in North America. In 2022, the US showcased the highest natural gas production capacity, followed by Canada and Mexico. Ixachi, Coulomb Phase 2, Quesqui, Nejo (IEPC), Leo, May, Koban, and Powerball are a few of the natural gas-producing fields in North America. The Ixachi plant is in Veracruz, Mexico, and it produced 618.09mmcfd (million cubic feet per day) in 2022. The Coulomb Phase 2 field is owned by Shell and located in the Central Planning Area, the US; the field produced 72.72mmcfd in 2022. Quesqui Field is in Tabasco, Mexico, and is operated by Petroleos Mexicanos. The field produced 485mmcfd in 2022. Also, the growing number of government initiatives and funding for the development of gas pipeline infrastructure is anticipated to boost the gas pipeline infrastructure market over the forecast period.

Gas Pipeline Infrastructure Market Report Scope

Report Attribute Details
Market size in 2022 US$ 31.78 Billion
Market Size by 2030 US$ 40.7 Billion
Global CAGR (2022 - 2030) 3.1%
Historical Data 2020-2021
Forecast period 2023-2030
Segments Covered By Operation
  • Transmission and Distribution
By Equipment
  • Pipeline
  • Compressor Station
  • Metering Skids
  • Others
By Application
  • Onshore and Offshore
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Enbridge Inc
  • Kinder Morgan Inc
  • TC Energy Corporation
  • Pembina Pipeline Corporation
  • Sinopec Group
  • Pipeline Infrastructure Limited
  • Enagas S.A.
  • Berkshire Hathaway
  • Saipem
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

    Key Player Analysis:

    Enbridge Inc, Kinder Morgan Inc, TC Energy Corporation, Pembina Pipeline Corporation, Sinopec Group, Pipeline Infrastructure Limited, Enagas S.A., Berkshire Hathaway, Saipem, and Bechtel Corporation are among the key players operating in the gas pipeline infrastructure market.

    Recent Developments: 

    Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies operating in the global gas pipeline infrastructure market. A few recent developments by key gas pipeline infrastructure market players are listed below:

     

    Year

    News

    Country

    2023

    Enbridge Inc finalized a deal to invest 50% of its joint venture with EDF Renewables in order to take part in the development and management of the Fox Squirrel solar project.

    North America

    2022

    A strategic agreement has been signed by TC Energy Corp and the CFE, the state-owned electric utility in Mexico, with the aim of expediting the development of natural gas infrastructure in the central and southeast parts of the country. In connection with the natural gas pipeline assets in central Mexico, TC Energy and the CFE have planned to combine previous take-or-pay agreements (TSAs) underwritten by TC Energy's Mexico-based subsidiary TGNH and the CFE into a single, take-or-pay agreement priced in US dollars that would run through 2055. Related new infrastructure projects that are being planned in collaboration with the CFE will also be governed by this new TSA.

    North America

    Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    Operation, Equipment, and Application

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    This text is related
    to country scope.

    Frequently Asked Questions


    What is the future trend for the gas pipeline infrastructure market?

    Rise in investment towards gas exploration and production across U.S., Saudi Arabia, UAE, and others and growing developments in offshore gas industry are anticipated to stimulate the gas pipeline infrastructure market growth in the coming years.

    What are reasons behind the gas pipeline infrastructure market growth?

    Increasing focus on gas recovery and extending field life, growing developments in gas industry, rise in demand for natural gas, and increase in energy demand across the globe contributing to the growth of the gas pipeline infrastructure market.

    Which region to dominate the gas pipeline infrastructure market in the forecast period?

    Regions such as North America and Asia-Pacific will boost the growth of the gas pipeline infrastructure market during the forecast period. This growth is owing to the rise in investment gas pipeline projects in countries such as Russia, China, US, India, and others is expected to drive the growth of the market in the coming years.

    Who are the major vendors in the gas pipeline infrastructure market?

    Enbridge Inc, Kinder Morgan Inc, TC Energy Corporation, Pembina Pipeline Corporation, Sinopec Group, Pipeline Infrastructure Limited, Enagas S.A., Berkshire Hathaway, Saipem, and Bechtel Corporation are the key market players operating in the global gas pipeline infrastructure market.

    What are market opportunities for the gas pipeline infrastructure market?

    Ongoing research and innovation on advanced gas technologies in potential regions such as Europe, Middle East & Africa, and North America, and Asia-Pacific where the adoption of the above-mentioned technology is growing at an exponential rate is expected to be the key opportunity in the market.

    The List of Companies - Gas Pipeline Infrastructure Market

    1. Enbridge Inc
    2. Kinder Morgan Inc
    3. TC Energy Corporation
    4. Pembina Pipeline Corporation
    5. Sinopec Group
    6. Pipeline Infrastructure Limited
    7. Enagas S.A.
    8. Berkshire Hathaway
    9. Saipem
    10. Bechtel Corporation

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