Pipeline Transportation Market Accelerate at 7.7% Cagr, $37.4 billion by 2031 Incremental Growth Expected During Forecast 2022-2031

The pipeline transportation market size was valued at $17.9 billion in 2021, and pipeline transportation industry is estimated to reach $37.4 billion by 2031, growing at a CAGR of 7.7% from 2022 to 2031.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: https://www.alliedmarketresearch.com/request-sample/A14241

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 major factors for the growth of the pipeline transportation market opportunities.

The need for constant surveillance and monitoring services as pipelines can be the target of vandalism has driven the demand for security solutions in this market. It also faces challenges in steady and smooth operations. Many pipelines across the world carry chemically stable and flammable materials over long distances and must 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 trends during the forecast period.

Rapid upgrade in the pipeline transportation system toward 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 pipeline transportation 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 intervention of terrorists are some factors that will provide many opportunities for the pipeline transportation market growth.

𝐁𝐮𝐲 𝐍𝐨𝐰 & 𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐎𝐧 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/checkout-final/73d22c364a5b803fe41f33a0fadae1e6

The global pipeline transportation market forecast is segmented into type, solution type, service, and region. By type, the market is segmented into oil and gas, coal, chemical, water, and others. On the basis of type, the oil and gas segment accounted for the largest market share in 2021, owing to its wide range of end-use applications in transportation, chemicals, automotive, and paints.

By solution type, it is divided into security solutions, automation and control, integrity and tracking solution, network communication solution, and others. The network communications solution segment accounted for the largest pipeline transportation market share in the global pipeline transportation market in 2021. Optical fiber networks, microwave networks, and satellite networks are widely used in network communication solutions. By service, the maintenance and support segment accounted for the largest share in 2021, owing to demand for maintenance and supporting technologies to maintain the ease of transportation of liquids through pipes to various end-use industries. An increase in demand for petroleum products in countries such as China and India, have benefited the pipeline transportation market.

By solution, Network Communication Solution segment accounted for the largest share in 2021 and is expected to support its dominance during the forecast period. It utilizes optical fiber cables as the primary communication medium for converting data and passing data as light pulses between sender and receiver nodes. A microwave network is a communication system that uses a beam of radio waves in the microwave frequency to transmit information between two fixed locations on the earth. It plays a crucial role in many industries in the form of communication.

𝐈𝐟 𝐲𝐨𝐮 𝐡𝐚𝐯𝐞 𝐚𝐧𝐲 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬, 𝐏𝐥𝐞𝐚𝐬𝐞 𝐟𝐞𝐞𝐥 𝐟𝐫𝐞𝐞 𝐭𝐨 𝐜𝐨𝐧𝐭𝐚𝐜𝐭 𝐨𝐮𝐫 𝐚𝐧𝐚𝐥𝐲𝐬𝐭 𝐚𝐭: https://www.alliedmarketresearch.com/connect-to-analyst/A14241

By service, the maintenance and support service segment accounted for the largest share in 2021 and is expected to support its dominance during the forecast period. The technical meaning of maintenance involves functional checks, servicing, repairing of necessary devices, equipment, and machinery, building infrastructure and supporting utilities in industrial, business, and residential installations.

Region-wise, Asia-Pacific accounted for the largest share in the market and is projected to grow at a CAGR of 8.1% during the forecast period. The presence of developing and highly populated countries such as China, and India, has increased the demand for various needs, which led to the development of pipeline transportation systems. In this region, China, India, and Indonesia come in the top 20 countries in the world with a huge pipeline transportation network.

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐒𝐭𝐮𝐝𝐲:
As per pipeline transportation market analysis, on the basis of type, the oil and gas segment emerged as the global leader by acquiring more than 51.6% of the pipeline transportation market share in 2021 and is anticipated to continue this trend during the forecast period.
On the basis of solution type, the network communication segment accounted for 32.0% of the global pipeline transportation market share in FY2021.
On the basis of service, the maintenance and support segment accounted for 40.0% of the global market share in FY2021.
On the basis of region, Asia-Pacific is the major consumer of pipeline transportation among other regions. It accounted for around 38.0% of the global market share in 2021.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:
Emerson Electric Co.
Schneider Electric
Alcatel-Lucent Enterprise International
Trimble Navigation Limited
Rockwell Automation, Inc.
Alstom SA
FMC Technologies
Siemens AG
ABB Ltd.
ESRI

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

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