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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Gas Pipeline Infrastructure Market: Strategic Insights
Market Size Value in US$ 31,782.8 million in 2022 Market Size Value by US$ 40,703.5 million by 2030 Growth rate CAGR of 3.1% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Gas Pipeline Infrastructure Market: Strategic Insights
| Market Size Value in | US$ 31,782.8 million in 2022 |
| Market Size Value by | US$ 40,703.5 million by 2030 |
| Growth rate | CAGR of 3.1% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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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.
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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.
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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.
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
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Operation, Equipment, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
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.
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.
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.
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.
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.
The List of Companies - 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
- Bechtel Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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