Pipeline Transport Market 2024 - Industry Size, Future Insights, Growth Drivers And Top Players

The pipeline transport market size has grown strongly in recent years. It will grow from $147.83 billion in 2023 to $157.91 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to economic growth, infrastructure development, energy demand, regulatory changes, geopolitical factors.

The pipeline transport market size is expected to see strong growth in the next few years. It will grow to $205.28 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to renewable energy transition, environmental regulations, energy security, digitalization and automation, carbon reduction goals . Major trends in the forecast period include shift to safer materials, increased environmental responsibility, adoption of smart technologies, expansion of lng infrastructure, cybersecurity focus.

Market Overview -
Pipeline transport refers to a mode of transportation that involves the pipeline-based long-distance movement of solid, liquid, or gaseous products that use transmission pipelines to transport various products, such as crude oil, natural gas, refined petroleum products, and slurry, to lessen traffic on maritime, rail, and road transportation networks.

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Enhancing Efficiency In Pipeline Maintenance With Augmented Reality Technology
Pipeline transportation companies are using augmented reality for efficient maintenance operations. Augmented reality (AR) is the technology of combining real-world images, video, etc. with computer-generated information and/or imagery being viewed through an output, including a monitor, headset, etc. AR overlays digital elements onto the physical world, typically using a headset or tablet that the user can point toward real-life objects. In the pipeline transportation industry, AR headsets that clip onto hard hats can project hands-free instructions a technician needs onto equipment to conduct an inspection or maintain a system. AR animations dramatically boost efficiency and reduce errors and uncertainty by showing the necessary steps, tools, and parts.

Competitive Landscape -
Major companies operating in the pipeline transport market include ABB Group, Alcatel-Lucent Enterprise, Emerson Electric Co., FMC Technologies Inc., Schneider Electric SE, Kinder Morgan Inc., TransCanada PipeLines Limited, Enbridge Inc., Williams Companies Inc., Energy Transfer LP, Plains All American Pipeline LP, Colonial Pipeline Company, TC PipeLines LP, Dominion Energy Inc., Magellan Midstream Partners L.P., DCP Midstream LP, Buckeye Partners L.P., Crestwood Equity Partners LP, ONEOK Inc., Enterprise Products Partners L.P., TC Energy Corporation, Chevron Corporation, Exxon Mobil Corporation, Phillips 66, Shell Pipeline Company LP, EnLink Midstream Partners LP, NuStar Energy L.P., Noble Midstream Partners LP, Shell Midstream Partners L.P., CNX Midstream Partners LP, Pembina Pipeline Corporation, Keyera Corp., Inter Pipeline Ltd.

Next Generation Of Gas Distribution Module Boost Pipeline Transport Market
Major companies in the pipeline transport market are implementing next-generation gas distribution modules to gain a competitive advantage by improving safety, efficiency, and environmental sustainability in the distribution of natural gas. Mobile Pipeline modules are a type of gas distribution system that allows transport of compressed and renewable natural gas to those who need it, when they need it. For instance, in January 2023, Hexagon Group AG, a US-based provider of clean fuel solutions, launched the TITAN 450 modules, which represent the next generation of gas distribution modules and will be used to transport compressed and renewable natural gas (CNG and RNG) throughout North America. TITAN 450 Mobile Pipeline modules enable the safe transport of almost half a million standard cubic feet of CNG or RNG in a 40-foot module, allowing customers to deliver more gas with fewer trips, resulting in reduced operating costs.

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Key Segments -
The pipeline transport market covered in this report is segmented -
1) By Type: Crude Oil Pipeline Transport, Natural Gas Pipeline Transport, Refined Petroleum Products Pipeline Transport, Other Pipeline Transport
2) By Solutions: Security Solutions, Automation And Control, Integrity And Tracking Solution, Network Communication Solution, Other Solutions
3) By Services: Consulting Service, Managed Service, Maintenance And Support

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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