Global Gas Pipeline Infrastructure Market Expected To Grow At 2.7% CAGR During 2024-2032

As per the study carried out by the Zion Market Research analysts, the valuation of the global Gas Pipeline Infrastructure Market, estimating its value at USD 4.06 Billion in 2023, with projections indicating that it will reach USD 5.16 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 2.7% over the forecast period 2024-2032. Few of the prominent players active in the global gas pipeline infrastructure market consist of Europipe, Enbridge, CRC Evans Pipeline, Gazprom, Snam Rete, APA Group, Redexis, General Electric, Saipem, Technip, DCP Midstream, MRC Global, Welspun, Chelpipe, National Oilwell Varco, Engas, Perusahaan Gas Negara, and GAIL.

Rising Inclination To Clear Energy Resources Likely To Boost The Market Growth

Rising inclination to clean energy resources together with the rising infiltration of natural gas throughout the key industries comprising chemical, power generation, residential & commercial, and manufacturing is anticipated to drive the expansion of the global gas pipeline infrastructure market. Further, continuing rules relating to energy efficiency and carbon emissions are the major market factors propelling product demand. Furthermore, shutting down of prevailing gas transportation routes together with rising spending for its substitution with efficient channels is expected to drive the market growth. Also, the mounting stipulation for hydrocarbons as a result of the increasing population will promote the growth of the market. Moreover, quick urbanization and development of industries mainly across the budding economies are also projected to drive the global gas pipeline infrastructure market growth.

Onshore Segment, Based On Application, Expected To Witness Substantial Growth

The global gas pipeline infrastructure market is bifurcated based on application, operation, diameter, equipment, and region. Onshore, by applications segment, is projected to rule the global gas pipeline infrastructure market in the coming period. The rising focus to expand the land channels in addition to the restoration of the prevailing network is expected to drive the segmental expansion. Jemena, an Australian energy infrastructure firm, in 2017, was chosen to build and control a 622-km pipeline stretch by the Northern Territory Government and was valued at about USD 634 million.

North America Anticipated To Dominate The Global Market During The Forecast Period

In 2018, the major share in the global gas pipeline infrastructure market was held by North America with a noteworthy portion captured by the U.S, in terms of application. Overhaul of very old conduit systems and a rise in gas-connected customers is expected to drive the market growth during the forecast period. Further, Iran registered for more than 34% stake of the gas pipeline infrastructure market in the Middle East & Africa in 2018. The swift rise in the E&P activities throughout the recently determined oil & gas fields as a result of the improvisation of international sanctions is expected to speed up the growth of the market.

Browse the full “Global Gas Pipeline Infrastructure Market - By Operation (Distribution And Transmission), By Application (Offshore And Onshore), By Diameter (> 36 Inch, 25-36 Inch, 17-24 Inch, And = 16 Inch), By Equipment (Valves {Gate Valve, Ball Valve, & Plug Valve}, Pipeline, Metering Skids, And Compressor Station {Motors & Turbine}), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024-2032.” Report at https://www.zionmarketresearch.com/report/gas-pipeline-infrastructure-market

The global gas pipeline infrastructure market is segmented as follows:

By Application

• Onshore
• Offshore

By Operation

• Transmission
• Distribution

By Equipment

• Pipeline
• Valves
  • Ball Valve
  • Gate Valve
  • Plug Valve
• Compressor Station
  • Turbine
  • Motors
• Metering Skids

By Diameter

• ≤ 16 Inch
• 17-24 Inch
• 25-36 Inch
• > 36 Inch

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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