Pipeline Transportation Market Predicted to Accelerate Growth by 2021 - 2030

Rapidly growing demand for safe and cost-efficient transportation of hazardous chemicals and oil & natural gas products; the increase in awareness among the people regarding the environmental impact of pipeline transportation and its support to decrease GHG emissions; the depletion of freshwater resources and the investments of government in wastewater treatment plants to treat sewage in order to reuse and reduce water pollution; importance for the data management, development in the information communication technology and security management to protect the pipeline transportation from sabotage and military raids during wartime. The increase in population has a positive impact on the increasing demand for various daily products such as water, milk, and petroleum products such as kerosene, diesel, and petrol are expected to create potential opportunities for the Pipeline transportation market during the forecast period.

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Pipeline transportation is a method of transportation that involves the transportation of solid, liquid, or gaseous products over long distances through pipelines. It is mostly used to transport crude and refined petroleum products such as oil and gas. In addition to this, it is also useful for transporting other fluids such as water, slurry, sewage, and beer. It has numerous advantages such as flexibility, complete automation of various operations such as loading & unloading, low operating costs, and environmental friendliness are a major factors for the growth of the pipeline transportation market.

The need for constant surveillance and monitoring services as pipelines can be the target of vandalism. It also faces challenges in steady and smooth operations. Many pipelines across the world carry chemically stable and flammable materials over long distances and have to cross water expansions, terrains, and hills leading to an increase in the intrusion and leakage of flammable gas and fuels are all the factors hampering the growth of the pipeline transportation market in the forecast period.

The Rapid upgrade in the pipeline transportation system towards virtualization and the connectivity of the detection and management equipment with the communication equipment is a major factor increasing the demand for network communication solutions in the market. The need for cost-efficient and safe modes of transport for hazardous chemicals and other liquids & gases is boosting the demand for the market. The presence of illegal activities and the danger due to the intervention of terrorists are some factors that will provide ample opportunities for the growth of the pipeline transportation market.

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Global Pipeline transportation is segmented on the basis of type, solution, service, and region.

On the basis of type, the global Pipeline transportation market is segmented into Oil and gas, Coal, Chemical, Water, and Other. By Solution it is segmented into Security Solutions, Automation and Control, Integrity and Tracking Solution, Network Communication Solutions, and Others. The services introduced in the study include Consulting Services, Managed Services, and Maintenance and Support.

Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest share of the market, followed by North America and Europe.

The major companies profiled in this Pipeline transportation industry include Alstom, ABB Ltd, Schneider Electric, Siemens, ESRI, Emerson, Trimble Navigation Limited, Rockwell Automation, FMC Technologies, and Alcatel-Lucent. Rapidly increasing demand in the demand for large-scale petroleum and chemical raw materials in modern society led to ongoing pipeline infrastructure development in developing countries, and the old pipelines are being virtualization due to the rapid development of detection technology led the key manufacturers to expand their Pipeline transportation production capacities and safety factor in order to meet market demand across the globe. Additional growth strategies such as acquisition, partnership, product launch, and business expansion strategies are also adopted to attain key developments in the Pipeline transportation market trends.

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Key findings of the study

• Region-wise, the Asia-Pacific is projected to witness growth at the highest CAGR in terms of revenue, during the forecast period.
• As per the Pipeline transportation market analysis, by type, the oil and gas segment accounted for the largest share in 2020.
• On the basis of solutions, the network communication solutions segment accounted for the largest share in 2020.
• On the basis of services, the maintenance and support segment was the major share contributor in 2020.

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