Pipeline Transportation Market Trend, Share, Growth, Size, Analysis and Forecast 2032

Pipeline Transportation Industry Prospective:

The global pipeline transportation market size was evaluated at $18.6 billion in 2023 and is slated to hit $38.4 billion by the end of 2032 with a CAGR of nearly 8.39% between 2024 and 2032. 

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Pipeline Transportation Market: Overview

Pipeline transportation is a method of transporting liquid, solid, and gases products over a huge distance through use of pipeline. Reportedly, the transportation mode is mainly utilized for crude & refined petroleum items including oil & natural gas. Moreover, the mode of transport through pipeline is fit for unidirectional goods flow. Pipeline transportation offers slew of benefits including flexibility, lower operational charges, eco-friendly nature, and total automation of loading & unloading functions. For the record, pipelines find a slew of applications in industrial, commercial, and residential sectors.

Key Insights

• As per the analysis shared by our research analyst, the global pipeline transportation market is projected to expand annually at the annual growth rate of around 8.39% over the forecast timespan (2024-2032)
• In terms of revenue, the global pipeline transportation market size was evaluated at nearly $18.6 billion in 2023 and is expected to reach $38.4 billion by 2032.
• The global pipeline transportation market is anticipated to grow rapidly over the forecast timeline owing to escalating use of pipeline transportation in oil & gas and chemical sectors.
• In terms of type, the transmission pipeline segment is slated to register the highest CAGR over the forecast period.
• Based on solution, the automation & control segment is predicted to lead the segmental space in the upcoming years.
• Based on application, the oil & gas segment is expected to dominate the segmental growth in the ensuing years.
• Region-wise, the Asia-Pacific pipeline transportation industry is projected to register the fastest CAGR during the projected timespan.

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Pipeline Transportation Market: Growth Factors

Massive usage of pipeline transport in various end-use sectors to boost the global market trends

Escalating use of pipeline transportation in oil & gas and chemical sectors is anticipated to steer the growth of the global pipeline transportation market. Additionally, a surge in the need for cost-efficient transport tools for chemical products as well as liquid products will embellish the global market trends. Large-scale use of pipelines for transporting water, sewage, beer, and slurry is predicted to boost the expansion of the market globally. An increase in the urbanization in emerging economies and developed countries along with a surge in the number of airports as well as demand for vehicles will drive the growth of the market globally. Rise in the population across the globe and rapid industrialization has translated into immense demand for chemicals and water, thereby scaling up the expansion of the global market.

Pipeline Transportation Market: Restraints

Growing concerns about safety of pipelines due to rise in terrorist activities globally can hinder the global industry surge

Safety concerns while transport of explosive, toxic, and flammable materials from pipelines can pose a big threat to the growth of the global pipeline transportation industry in the upcoming years. Apart from this, growing issues arising due to cross-border pipeline transport activities is anticipated to create obstacles in the expansion of the industry globally.

Pipeline Transportation Market: Opportunities

A rise in use of pipeline transportation in offshore oilfields can shape the global market growth by 2032

Large-scale demand for offshore oilfield services is predicted to open new growth opportunities for the global pipeline transportation market. A surge in the use of natural gas owing to growing customer preference for reducing environmental pollution due to high carbon emissions can pave a way for immense growth of the market across the globe.

Pipeline Transportation Market: Challenges

Inconsistency witnessed in the supply chain activities can hinder the growth of the global industry

Lack of availability of skilled personnel in emerging economies and growing shift of people towards sustainable energy usage is likely to pose a huge challenge for the global pipeline transportation industry. Supply chain disruptions can further challenge the global industry expansion. Fear of vandalism and sabotage due to conflicts such as Russia & Ukraine and Israel & Hamas can decimate the industry surge across the globe.

Pipeline Transportation Market: Segmentation

The global pipeline transportation market is divided into type, solution, service, application, and region.                                         

In type terms, the pipeline transportation market across the globe is segregated into transmission pipeline, gathering pipeline, and distribution pipeline segments. Furthermore, the transmission pipeline segment, which acquired nearly 71% of the global market revenue in 2023, is projected to record fastest rate of growth in the next seven years. The expansion of the segment in the forecast timeline can be due to an increment in the use of transmission pipelines for transporting water, oil & gas, and petroleum to distant locations such as other countries as well as units established at long distances.

On the basis of solution, the global pipeline transportation industry is segmented into security solutions, automation & control, integrity & tracking solutions, and network communication solutions segments. Additionally, the automation & control segment, which amassed a major share of the global industry in 2023, is forecast to lead the segment in the upcoming years. The segmental surge from 2024 to 2032 can be subject to key part played by automation & control solution in the overall remote operation of pipelines which transport fuels between continents. Additionally, solutions such as SCADA have played a major role in augmenting the demand for automation & control solutions.

Based on the application, the pipeline transportation market globally can be divided into coal, oil & gas, and water segments. Furthermore, the oil & gas segment, which garnered a key share of the global market in 2023, is predicted to dominate the segment growth in the next couple of years. The growth of the segment in the forecast timeline can be due to an increase in the oil & gas pipeline ventures across the globe.

Based on the service, the global pipeline transportation industry is bifurcated into consulting services, maintenance & support services, and managed services segment.

Pipeline Transportation Market: Report Scope

Pipeline Transportation Market: Regional Insights

North America is expected to establish number one position in the global pipeline transportation market in the forecasting years

North America, which accounted for nearly 58% of the global pipeline transportation market revenue in 2023, is expected to set up a leading position in the next decade. Additionally, the regional market surge in the upcoming years can be attributed to presence of strong transport pipeline infrastructure in the countries such as the U.S. and Canada. Moreover, the U.S. is a key pipeline manufacturer for exporting LNG to other countries.

Asia-Pacific pipeline transportation industry is slated to record the fastest CAGR in the forecast timespan. The progress of the industry in the region can be attributed to an increase in the demand for strong pipeline transport infrastructure in the countries such as India and China. In addition to this, a prominent surge in the population growth and importing of LNG to countries such as China from Russia is predicted to steer the expansion of the industry in APAC zone.

Key Developments

• In October 2023, Open Grid Europe, a German-based Open Grid Europe, and Nowega introduced first natural gas conversion pipeline for transporting hydrogen to various cities in Germany.

Pipeline Transportation Market: Competitive Space

The global pipeline transportation market profiles key players such as:

• Trimble Inc.
• Tenaris
• ABB SE
• Honeywell International Inc.
• Technip FMC plc
• John Wood Group PLC
• Emerson Electric Co.
• Yokogawa Electric Corporation
• Schneider Electric
• Rockwell Automation Inc.
• Mott MacDonald
• ALE USA Inc.
• Oracle Corporation
• TMK
• NIPPON STEEL CORPORATION.
• ChelPipe
• Alstom Corporation
• Environmental Systems Research Institute Inc.
• Siemens AG
• ALE International
• Huawei Technologies Co. Ltd.
• ORBCOMM.

The global pipeline transportation market is segmented as follows:

By Type

• Transmission Pipeline
• Gathering Pipeline
• Distribution Pipeline

By Solution

• Security Solutions
• Automation & Control
• Integrity & Tracking Solutions
• Network Communication Solutions

By Application

• Coal
• Oil & Gas
• Water

By Service

• Maintenance & Support Services
• Consulting Services
• Managed Services

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