Press release
Gas Pipeline Infrastructure Market Overview - Forecast Market Size, Top Segments And Largest Region
Gas Pipeline Infrastructure
The Business Research Company's Gas Pipeline Infrastructure Global Market Report 2023 identifies shale gas as the major driver for the Gas Pipeline Infrastructure market's growth in the forecast period. Shale gas is a type of natural gas extracted from shale rock formations using a technique known as hydraulic fracturing, or fracking. Gas pipeline infrastructure is used to transport shale gas, which is mainly moved by pipeline, which makes use of both old and new pipeline infrastructure. For instance, in March 2023, according to the data released by the US Energy Information Administration (EIA), a US-based government agency responsible for collecting, analyzing, and disseminating information about energy production, the US produced 3,680,343 million cubic feet of natural gas in 2021, with shale gas accounting for 2,657,326 million cubic feet, which is 72.2% of the total natural gas produced.
the global gas pipeline infrastructure market size is expected to grow from $2,570.17 billion in 2022 to $2,673.87 billion in 2023 at a compound annual growth rate (CAGR) of 4.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global gas pipeline infrastructure market size is expected to reach $3,092.46 billion in 2027 at a CAGR of 3.7%.
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Major competitors in the Gas Pipeline Infrastructure market are Gazprom, Snam S.p.A., MRC Global, CRC Evans, NOV Inc., General Electric Company, PT Pertamina Gas Negara Tbk.
A key trend in the Gas Pipeline Infrastructure market includes technological advancements Companies operating in the gas pipeline infrastructure are adopting new technologies to sustain their position in the market. For instance, in December 2022, ABB, a Switzerland-based automation company that provides standardized processes, policies, and systems, launched the Sensi+ revolutionary analyzer.
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The Gas Pipeline Infrastructure market is segmented -
• By Equipment: Pipeline, Valves, Compressor Station, Metering Skids
• By Operation: Transmission, Distribution
• By Application: On-Shore, Off-Shore
• By End user: Commercial, Residential
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Gas Pipeline Infrastructure market.
The Business Research Company's "Global Gas Pipeline Infrastructure Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Gas Pipeline Infrastructure Market Include:
1. Executive Summary
2. Gas Pipeline Infrastructure Market Characteristics
3. Gas Pipeline Infrastructure Market Trends And Strategies
4. Gas Pipeline Infrastructure Market - Macro Economic Scenario
5. Gas Pipeline Infrastructure Market Size And Growth
……
26. Africa Gas Pipeline Infrastructure Market
27. Gas Pipeline Infrastructure Market Competitive Landscape And Company Profiles28. Key Mergers And Acquisitions In The Gas Pipeline Infrastructure Market
29. Gas Pipeline Infrastructure Market Future Outlook and Potential Analysi
30. Appendix
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