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Virtual Pipeline Market Size, Share & Industry Analysis, By Application (Residentia & Commercial, Industrial, Transportation) and Regional Forecast, 2019-2026

Region : Global | Report ID: FBI101758 | Status : Ongoing

 

KEY MARKET INSIGHTS

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.


Key Players Covered:


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.


Regional Analysis:


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.


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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.


Segmentation


















 ATTRIBUTE


 DETAILS

By Application




  • Residential & Commercial

  • Industrial

  • Transportation



By Geography




  • North America (USA and Canada)

  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)

  • Asia Pacific (Japan, 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 Middle East & Africa)



Key Industry Developments



  • In September 2019, Quantum Fuel Systems to construct 40ft virtual pipeline trailers with 45 tanks having a gaseous capacity around 471,000 cubic feet. The new virtual pipeline trailer VPLite45/40 will be available in Q1, 2020.

  • In October 2018, Nigerian National Petroleum Corporation awarded a contract with an undisclosed private firm to construct a virtual pipeline system. The project is designed to deliver around 84 million standard cubic feet of gas per day (mmscf/d).


Virtual Pipeline Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2019
  • 2016-2018

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

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