Press release
Global Virtual Pipeline Systems Market | To Rise to an Estimated Value of USD 1950.09
Key Market Competitors:
Few of the major competitors currently working in the global virtual pipeline systems market are Baker Hughes; Hexagon Composites; SUB161?; Galileo Technologies S.A.; PENTAGON ENERGY; Xpress Natural Gas LLC; NG Advantage; GAS MALAYSIA BERHAD; SENER group; CNG Services Ltd; Edge Gathering Virtual Pipelines 2 LLC; Clean Fuel Connection Inc.; Greenville Liquefied Natural Gas Co. Ltd.; THROTTLE ENERGY INC. TECHNOLOGY; Solomon Peter Investments Limited; Certarus Ltd.; Compass Natural Gas; Broadwind Energy, Inc.; W?rtsil?; Siemens and Eni among others.
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Market Drivers:
Aging infrastructure of piping used for the transportation of CNG is expected to boost the growth of the market
Presence of strict regulations and compliances associated with the control of emissions of gases is expected to fuel the market growth
Various practices and programs focusing on modernization of infrastructure act as a market driver
Focus of various energy and gas market players to promote the usage of low-emission based natural gases also drives the growth of this market
Market Analysis: Global Virtual Pipeline Systems Market
Global virtual pipeline systems market is expected to rise to an estimated value of USD 1950.09 million by 2026, registering a substantial CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the high demands associated with the consumption of natural gas, along with high accessibility and transportability of these systems for the delivery of natural gas and oil.
Market Definition: Global Virtual Pipeline Systems Market
Virtual pipeline systems are the collection of infrastructure that comprises of various pipeline terminals, logistics components, and decompression stations. This infrastructure is used for connecting the various consumers of natural gas such as municipalities, institutions, facilities, industries with the pipeline.
Market Drivers:
Aging infrastructure of piping used for the transportation of CNG is expected to boost the growth of the market
Presence of strict regulations and compliances associated with the control of emissions of gases is expected to fuel the market growth
Various practices and programs focusing on modernization of infrastructure act as a market driver
Focus of various energy and gas market players to promote the usage of low-emission based natural gases also drives the growth of this market
Market Restraints:
Concerns regarding risk associated with the transportation of natural gases through this system; this factor is expected to restrict the market growth
Higher costs associated with the transportation of the applicable components through pressurized containers and systems resulting in high need for specialized equipment; this factor is expected to hinder the growth of the market
Segmentation: Global Virtual Pipeline Systems Market
By Type
Ordinary Type
Special Type
By Application
Industrial
Transportation
Commercial & Residential
Key Developments in the Market:
In March 2018, PENTAGON ENERGY announced that they had deployed a 53-foot type IV trailer, with the model manufactured by Composite Advanced Technologies CNG, LLC and branded as "CT-590". This will have the capability of transporting 593,000 standard cubic feet of CNG and various other gases ranging from helium, hydrogen, argon, nitrogen and neon. This deployment will ensure that the company's virtual pipeline system has the lowest cost of CNG delivery
In December 2016, NG Advantage announced that they had initiated the delivery of compressed natural gas (CNG) for consumers situated throughout Maine, United States with the help of a virtual pipeline. This expansion of services will help the company deliver better CNG in a more effective and efficient way, through which users can monitor their usage and delivery schedule
Competitive Analysis:
Global virtual pipeline systems market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of virtual pipeline systems market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Research Methodology: Global Virtual Pipeline Systems Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Key Insights in the report:
Complete and distinct analysis of the market drivers and restraints
Key market players involved in this industry
Detailed analysis of the market segmentation
Competitive analysis of the key players involved
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