"Actionable Insights to Fuel Your Growth"
The energy demand is growing day by day, and companies are striving to meet the increasing demand for energy. In recent times, natural gas has gained significance as it burns cleaner than conventional fossil fuel such as coal, petrol, diesel, etc. A virtual pipeline provides an opportunity to go beyond their country’s pipeline to supply natural gas. The companies are using a virtual pipeline system to extend their footprints. Virtual pipeline designed for shipments of gas that are transported either overland in holders by rail or road, or by water in maritime or seaside tankers and canal boats. These systems can supply natural gas to businesses, power plants, and private clients that are either unable to gain stake in pipeline development due to geological constraints. Thus, to provide uninterrupted and reliable supply of natural gas in terrain areas or remote location virtual pipeline is best suitable option.
Virtual pipeline market segmentation is done based on application and geography. Industrial segmented expected to lead the virtual pipeline market due to the expansion of gas-fired power plants.
Key Market Driver -
Key Market Driver – Shifting trend towards cleaner energy resources and rising demand for natual gas
Key Market Restraint -
Key Market Restraint – Risk associated with transportation of flammable gas
The world is facing severe threats of global warming resulting in a shifting trend towards cleaner energy resources, which increased the demand for natural gas. Physical pipelines are not always feasible due to topography or geopolitical events that may drive the virtual pipeline market. The virtual pipeline offers flexibility over the transportation of natural gas and does not require massive installation of physical pipeline that may anticipate the virtual pipeline market.
Natural gas is extremely flammable and requires precautionary measures while handling and transportation, which expected to hinder the growth of the virtual pipeline market. The variation in normal temperature may change the natural gas properties that require special attention and insulation which expected to increase overall maintenance cost. Thus, it may retard the growth of the virtual pipeline market.
Some of the leading companies for the virtual pipeline market are Certarus Ltd., Xpress Natural Gas, Galileo Technologies S.A., CNG Service Limited, Galileo Technologies S.A., Cobey, Inc., NG Advantage LLC, Edge Gathering Virtual Pipeline LLC2 logo, and Wärtsilä, among others.
The global virtual pipeline market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is experiencing robust demand for virtual pipelines owing to increasing demand for natural gas from residential and industrial purposes. The recent shale gas revolution put America on the path to energy independence. Thus, providing an uninterrupted supply of natural gas and reliable transportation virtual pipeline gaining momentum in North America. European Union is committed to cut down its carbon emission, aiming to achieve EU2020 goal.
To gain extensive insights into the market, Request for Customization
Russia is making significant investments in natural gas production to meet the rising demand from UK, Germany, Italy, and France among others. In order to provide cleaner energy sources, private and government entities are making big investments in virtual pipeline which expected to fuel the demand for virtual pipeline in Europe. A developing nation such as China, India, and Japan work towards accomplishing cleaner energy targets. They are probable consumers of flammable gas. This trend is likely to promote the virtual pipeline market in Asia Pacific.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry