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The rising population across the globe has increased the demand for hydrocarbons. The ongoing drift towards the cleaner sources of energy has seen an increase in the utilization of natural gas. This, in turn, has seen a rise in shale gas exploration activities over the globe. The gas pipeline infrastructure is therefore needed for transmission and distribution of natural gas to the end-user.
Rising urbanization and expansion of industries has seen natural gas being utilized in various sectors like power generation, chemical, manufacturing, and residential & commercial, which has fuelled the demand for gas pipeline infrastructure. Also, the government subsidies provided to increase the utilization of natural gas and deliver natural gas to each part of the country has attracted more users. This, in turn, has helped the gas pipeline infrastructure market to grow over recent years.
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Based on the application, the global gas pipeline infrastructure market can be segmented into onshore and offshore. The increase in the number of shale gas exploration activities and upcoming distribution networks for natural gas in various countries has increased the requirement for gas pipeline infrastructure at onshore locations. Based on operation, the global gas pipeline infrastructure market can be segmented into transmission lines and distribution lines. Owing to the adoption of natural gas in various industrial activities, residential activities and transport the distribution line segment holds a slightly higher market share as compared to transmission lines.
Based on equipment, the global gas pipeline infrastructure market can be segmented into the pipeline, valves, compressor station, and metering skids. The pipeline will dominate the market due to the rise in the number of new pipelines and replacement of the existing one. Based on diameter, the global gas pipeline infrastructure market can be segmented into less than 16 inches, 17-24 inch, 25-36 inch, more than 36 inches. Depending upon the requirement, the diameter of the pipeline is decided. For transmission purposes over long distances, the segment of more than 36 inches is considered, and similarly, for distribution purpose, the diameter of the pipeline is decided over the requirement of the end-user.
The major market driver for the global gas pipeline infrastructure market is the rising demand for the cleaner sources of energy in accordance to reduce the carbon footprints. Other factors driving the growth of the global gas pipeline infrastructure market is the increasing number of exploration activities, the low cost of natural gas and high efficiency provided by the natural gas. This has seen the governments of various countries back the usage of natural gas over conventional fuels, and also natural gas is being utilized as feedstock in many industries.
The major market restraint for the global gas pipeline infrastructure market is the high initial cost of installation of the gas pipelines. The other types of equipment required to be installed along with the pipelines further increase the cost. The risk of leakages associated with the pipelines also stands as market restraint for the global gas pipeline infrastructure market.
Some of the key players operating in gas pipeline infrastructure market are Europipe, Gazprom, Enbridge, GAIL, APA Group, Chelpipe, Snam, CRC Evans Pipeline, Redexis, Technip, Perusahaan Gas Negara, MRC Global, Saipem, DCP Midstream, and National Oilwell Varco.
· Compressor Station
· Metering Skids
· Less than 16 inch
· 17-24 inch
· 25-36 inch
· Greater than 36 inch
· North America (The USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
· Asia Pacific (China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico and Rest of Latin America)
· Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
The global gas pipeline infrastructure market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The increased amount of shale gas production in the North America region, specifically in the USA and Canada has been the driving factor for the global gas pipeline infrastructure market in the North America region. The USA has been the dominating player in this region with the increasing shale exploration after 2016. The demand to reduce the carbon footprints has been the driving factor for the Europe and Latin America region. Also, the replacement of existing transmission and distribution systems has helped the market growth in these two regions. Rising urbanization and growing energy demand have been the driving factor in the Asia Pacific region. China has been the dominating player in this region, followed by India. The government subsidiaries provided for the utilization of natural gas has helped the market grow in this region.
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