Virtual Pipeline Market Report 2024-2033: Size, Share, Growth, Trends, Analysis, Demand, Forecast, Key Players

The new report published by The Business Research Company, titled ""Virtual Pipeline Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the virtual pipeline market size has grown strongly in recent years. It will grow from $1.60 billion in 2023 to $1.70 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The virtual pipeline market size is expected to see strong growth in the next few years. It will grow to $2.17 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%.

Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=15293&type=smp

Role Of Virtual Pipelines In Meeting Growing Natural Gas Demand
The increasing demand for natural gas is expected to propel the growth of the virtual pipeline market going forward. Natural gas is a combustible gas comprised largely of methane that is discovered underground and used as a fuel source for heating, cooking, electricity generation, and transportation. The demand for natural gas is increasing due to its role as a cleaner-burning fossil fuel, its versatility in power generation, industrial processes, and heating, and its potential as a transition fuel in the global shift towards lower-carbon energy sources. Virtual pipelines are utilized in the transportation of natural gas, primarily in areas where traditional pipeline infrastructure is unavailable, economically impractical, or insufficient to meet demand. For instance, in March 2023, according to a report shared by the Energy Information Administration, a US-based government agency, the average daily consumption of natural gas in the United States hit an all-time high of 88.5 billion cubic feet per day in 2022, representing a 5% increase over 2021, with natural gas consumption reaching 4.5 billion cubic feet daily (Bcf/d). Furthermore, in 2022, US end-user sectors consumed 38% of total natural gas. Therefore, the increasing demand for natural gas is driving the growth of the virtual pipeline market.

Major Virtual Pipeline Companies Innovate With Natural Gas And Hydrogen Transport Solutions
Major companies operating in the virtual pipeline market are investing in technology and partnering with energy companies for natural gas and hydrogen transport systems, such as virtual pipeline trailers, to address the rising energy needs in remote and industrial areas. Virtual pipeline trailers are specialized transportation units designed to transport compressed natural gas (CNG) or liquefied natural gas (LNG) from one location to another, typically where traditional pipeline infrastructure is unavailable or impractical. For instance, in February 2021, Quantum Fuel Systems LLC, a US-based integrated alternative energy company, secured a significant contract from Certarus Ltd., a Canada-based green energy supplier, to supply virtual pipeline trailers for natural gas. Under the agreement, Quantum will deliver its VPLite45/40' trailers, known for their high capacity and lightweight design, certified for use in the U.S. and Canada. This contract, valued at approximately $22 million, underscores Quantum's commitment to supporting Certarus' expansion efforts. Furthermore, the agreement encompasses the development of hydrogen virtual pipeline trailers, catering to the increasing demand for hydrogen transportation in various pilot projects.

The virtual pipeline market covered in this report is segmented -
1) By Fuel Type: Compressed Natural Gas (CNG), Liquefied Natural Gas (LNG), Other Fuel Types
2) By Mode Of Transport: Truck, Barge, Rail, Ship
3) By End-Use: Commercial, Industrial, Transportation

Buy Now & Get Exclusive Discount on this Report, Checkout link @ https://www.thebusinessresearchcompany.com/Discount?id=15293&type=discount

Major companies operating in the virtual pipeline market report are Eni S.p.A., National Petroleum Limited (Petronas), General Electric Company, Compass Natural Gas Partners LP (CNGP), Baker Hughes Company, Kinder Morgan Inc., Wärtsilä Corporation, Snam S.p.A., LightSail Energy Inc., Hexagon Composites ASA, Broadwind Inc., Pentagon Energy LLC, Certarus Ltd., SENER Grupo de Ingeniería S.A., Stabilis Solutions Inc., FIBA Technologies Inc., Galileo Technologies S.A., Gas Malaysia Berhad, NG Advantage LLC, Cobey Inc., REV LNG LLC, OsComp Systems Inc., CNG Services Limited, Xpress Natural Gas LLC, Marlin Gas Services Ltd.

Contents of the report:
1. Executive Summary
2. Virtual Pipeline Market Report Structure
3. Virtual Pipeline Market Trends And Strategies
4. Virtual Pipeline Market - Macro Economic Scenario
5. Virtual Pipeline Market Size And Growth
…..
27. Virtual Pipeline Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/virtual-pipeline-global-market-report

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ "

Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.