The virtual pipeline systems market includes companies operating in a wide range of product portfolios. Each category has some well-established key players. Due to the different markets in which they operate and compete, it is not feasible to determine five key players in the overall virtual pipeline systems market. However, based on parameters such as overall revenue, brand image, current product portfolio, geographic reach, customer base, technology adoption & integration, new product/service/feature launches, partnerships, mergers & acquisitions, and other market-related activities, we have listed above five key players operating at a global level.
Shijiazhuang Enric Gas Equipment CO., LTD; PETRONAS; Quantum Fuel Systems LLC; Chart Industries; and Galileo Technologies S.A. are the top five key market players operating in the virtual pipeline systems market
SHIJIAZHUANG ENRIC GAS EQUIPMENT CO., LTD; PETRONAS; Quantum Fuel Systems LLC; Chart Industries; and Galileo Technologies S.A. are the top five market players operating in the virtual pipeline systems market. The listing/positioning of key players is derived by considering multiple parameters such as overall revenue, segment revenue, brand image, current virtual pipeline system solutions & service portfolio, R&D expenditure, customer/user base, geographic reach, new product/service launches, market initiatives, mergers & acquisitions, and other market-related activities. Galileo Technologies S.A., Bayotech, Inc., Petroliam Nasional Berhad (PETRONAS), RAG Austria AG, Quantum Fuel Systems LLC., Chart Industries, Inc, Shijiazhuang Enric Gas Equipment CO., LTD., Fiba Technologies Inc, Hexagon Agility and Composite Advanced Technologies, LLC are few other notable players that were studied during the market study. In addition to these players, multiple other leading global and regional market players, emerging companies, market disruptors, and niche market players were studied and analyzed during this study.
The virtual pipeline system helps to transfer natural gas, liquefied natural gas, and other gases through truck trailers. The main benefit of a virtual pipeline system is it provides gas supply to remote locations. Pipeline systems are essential in transporting liquid fuel and natural gas for consumer and industrial uses. However, supply-chain bottlenecks during the COVID-19 pandemic hindered the long-term recovery of the virtual pipeline systems market. Moreover, the rebound in trade activities and increase in logistics operations post-pandemic are expected to accelerate the market growth in the coming years.
Most of the market initiatives were observed in North America, which has a high potential for the virtual pipeline market. A few of the important market initiatives and product developments from the industry are mentioned below:
| Year | News | Country |
| 2022 | In December 2021, Certarus Ltd. secured industry-leading virtual pipeline trailers for hydrogen from Quantum Fuel Systems, a fully integrated alternative energy firm. Quantum’s VPLite-H45/40′ trailers, with a gas mass of 803kg at 3,600 pressures, were delivered to Certarus (248 bar). The trailers are permitted for use in both Canada and the United States. | North America |
| 2022 | The VPLite45/40′ is the newest addition to the Virtual Pipeline product range from Quantum Fuel Systems (Quantum), a market leader in compressed natural gas (CNG) gas transport trailers and heavy-duty truck fuel-storage systems. The new 40-foot Virtual Pipeline trailer has a gaseous capacity of 471,000 standard cubic feet, weighs less than 57,000 pounds when completely loaded, and comes with forty-five tanks. Depending on the needs of the project, customers can modify the trailer arrangement to include fewer tanks | North America |
