Press release
Virtual Pipelines Market Explosive Growth, Forecast And Value Chain-2023
Market Highlights
Natural gas is the major source of energy as the demand for the fuel is increasing every year owing to the increased demand for energy. Midstream operations account for high significance as it meets the demand generated from one nation by transporting natural gas from the nations where it is generated. Mainly, natural gas is distributed in two forms, namely, compressed natural gas (CNG) and liquefied natural gas (LNG). Traditionally pipelines had been the mode of transport but the increased demand from various regions have initiated the market for virtual pipelines.
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On the basis of fuel type, the market has been sub-segmented as CNG and LNG. CNG segment is dominating the market due to increased production of natural gas along with increased demand from the liquefaction terminals. Considering the mode of transport, the market is classified as truck, barge, rail, and ship. Ship segment holds the largest market share due to increased net imports for natural gas from developing nations. On the basis of end-use, global virtual pipeline market is categorized as residential, commercial, and industrial. Industrial segment is dominating the market owing to increased power generation from natural gas and expanding fertilizers industry.
The global virtual pipelines market is expected to progress at 7.5% CAGR during the forecast period.
GLOBAL VIRTUAL PIPELINES MARKET 2018-2023
This report provides an in-depth analysis of the global virtual pipelines market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the virtual pipelines system market by its fuel type, mode of transport, end-use sector, and by region.
By Fuel Type
Compressed Natural Gas (CNG)
Liquefied Natural Gas (LNG)
By Mode of Transport
Truck
Barge
Rail
Ship
By End-use Sector
Residential
Commercial
Industrial
By Regions
North America
Asia Pacific
Europe
Rest of the World
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Key Players
The key players of the global virtual pipelines market are GE Oil and Gas (U.S.), Kinder Morgan (U.S.), SUB161° (Australia), Eniday (Italy), Galileo Technologies S.A. (Argentina), and CNG Services Limited (U.K). SENER Group (Spain), Pentagon Energy LLC (U.S.), Xpress Natural Gas LLC (U.S.), OsComp Holdings LLC (U.S.), NG Advantage LLC (U.S.), and REV LNG LLC (U.S.) are among others.
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