Compressor Station are Expected to Dominate the Global Gas Pipeline Market
According to
TechSci Research report, “Global Gas Pipeline Market
- Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”. The Global Gas Pipeline is anticipated to project robust growth in the
forecast period with a CAGR of 3.9% through 2028.
The market for oil and gas infrastructure will continue to expand due to
the increased demand for natural gas. Natural gas is the cleanest fossil fuel
on earth and has neither a colour nor a smell. Four hydrocarbon atoms and one
carbon atom make up its structure (CH4 or methane). Natural gas production must
increase to meet the rising global demand, and infrastructure must be built.
For instance, the annual production of natural gas plant liquids (NGPLs), a key
component of the U.S. Federal Statistical System, reportedly hit a new high of
approximately 5.40 million barrels per day in 2021. As a result, the market for
oil and gas infrastructure is driven by the increasing demand for natural gas.
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Figures spread through 188 Pages and an in-depth TOC on " Global GasPipeline Market.
The market for oil and gas infrastructure has identified technological
developments as the primary trend that is growing in popularity. To improve
their position in the market, major players in the oil and gas infrastructure
sector are creating cutting-edge technology. For instance, the US-based
aircraft technology giant Airbus will introduce satellite-based inspection
services for oil and gas infrastructure in August 2022. Before harm or damage
is done to the environment, its inhabitants, or its equipment, oil and gas
infrastructure inspection is necessary to identify issues that could jeopardise
infrastructure integrity. With the rapid advancement of satellite technology,
it is now feasible to see photos at incredibly high resolutions.
According to Pleiades Neo, optical images can have a resolution of 30 cm
while radar images can have a resolution of 25 cm (TerraSAR-X). Astonishing 15
cm resolution is now provided by the recently announced Pléiades Neo HD15 imaging
product. These tremendously high resolutions make it possible to inspect pipes,
machines, and other equipment in great detail. The ideal sensor will depend on
the application at hand and the quantity of cloud cover. Radar sensors, on the
other hand, can see through clouds and offer monitoring that is not reliant on
the weather or the time of day. In 2021, natural gas consumption reached 4037.5
billion cubic meters (bcm), mostly as a result of rising demand for fuel across
a variety of sectors, including transportation and power generation. The
infrastructure for gas pipelines is set to grow greatly as a result of this
trend, which is predicted to last for the foreseeable future.
The demand for natural gas is anticipated to experience the largest
increase of all fuel types by 2030 as a result of the advantages to the
environment and the need for energy security in places like the Middle East,
Africa, and Asia-Pacific. Russian shipments of LNG remained the greatest in the
world in 2021, totaling 201.7 billion cubic meters. The demand for the natural
gas pipeline network is anticipated to rise as a result of the expected large
growth in the worldwide LNG trade.
Worldwide, 408 new gas pipelines totaling 193,400 km are being built now
or in the planning stages as of 2021, while 510 renovations and capacity
additions to existing infrastructure are also under way. According to the
Global Energy Monitor, 16 gas pipelines totaling 3,200 kilometres (km) and EUR
6.5 billion are being built in Europe. The Baltic Pipe Project, which is
anticipated to improve EU gas import capacity by 10 billion cubic meters
annually, is allocated EUR 2.1 billion of this total. The discovery of new
natural gas sources, including shale gas reserves, and the pressure on prices
that follows are expanding the global market for natural gas. Thus, it is
anticipated that during the projected period, these changes will increase
demand for pipeline network growth.
Key market
players in the Global Gas Pipeline Market are following: -
- Enbridge
- Gazprom
- TransCanada Pipelines
Limited
- Kinder Morgan
- Pembina Pipeline
Corporation
- Saipem
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“Infrastructure
for oil and gas refers to the structures, pieces of technology, and networks
that energy businesses require to function. To find and utilise energy
resources, upstream oil and gas companies need infrastructure. Access to the
infrastructure required for processing and refining fuel is available to
midstream producers. Also, downstream producers supply and sell petrol and oil
to merchants by using the infrastructure. ” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based global management consulting firm.
Gas Pipeline Market – Global Industry Size, Share,
Trends, Opportunity, and Forecast Segmented By Operation (Gathering, Transmission,
Distribution), By Application (Compressor, Metering), By Region, Competition
2018-2028has evaluated
the future growth potential of Global Gas Pipeline Market and provides
statistics and information on market structure, size, share, and future growth.
The report is intended to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities present in the Global Gas Pipeline Market.
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