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Natural Gas Pipeline Transport Market: Rising to $24.84 Billion by 2029 at a CAGR of 5.5% with Key Drivers, and Emerging Trends Highlighted
Natural Gas Pipeline Transport Market
What Is The Projected Market Size Of The Global Natural Gas Pipeline Transport Market And Its Growth Rate?
• Historical Market Size: The market has grown from $18.85 billion in 2024 to $20.04 billion in 2025, at a compound annual growth rate (CAGR) of 6.3%.
• Forecasted Market Size: The natural gas pipeline transport market size is anticipated to rise to $24.84 billion in 2029 at a CAGR of 5.5%.
• Key Market Drivers: Factors driving this growth include increased energy demand and consumption, economic expansion, government policies, and global trade trends.
What Is Driving The Growth In The Natural Gas Pipeline Transport Market?
The boost in natural gas consumption has been a significant driver for the natural gas pipeline transport market. The need to transport natural gas to markets across borders to meet rising demand is driving investment in natural gas pipelines. For instance, in 2023, the use of natural gas in the United States reached a daily high record of 141.0 billion cubic feet. Furthermore, the use of natural gas in the power sector increased by a massive 45% in December 2022, indicating the rapidly growing demand for natural gas and consequent need for pipeline transport.
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Who Are the Key Players Driving Natural Gas Pipeline Transport Market Growth?
• Saipem SpA
• Technip Energies NV
• Enterprise Products Partners LP
• Kinder Morgan Inc.
• Chevron Corporation
• PetroChina Company Limited
• China Petroleum & Chemical Corporation
• Transneft PJSC
• Enbridge Inc.
• Oneok Inc.
What Are The Key Trends In The Natural Gas Pipeline Transport Market?
• Integrating renewable gas into mainstream energy supply.
• Modifying aging pipeline infrastructure to boost efficiency.
• Government support for pipeline development to meet energy demands.
• Shifting towards long-distance and cross-border pipelines for global energy trade.
• Incorporating cybersecurity measures in modern pipeline networks.
What Are The Segments Of The Global Natural Gas Pipeline Transport Market?
• By Type: Gathering Pipeline, Transportation Pipeline, Distribution Pipeline
• By Pipeline Component: Transmission Pipes, Compressor Stations, Metering Stations, Valves
• By Application: Onshore, Offshore
Which Region Leads The Natural Gas Pipeline Transport Market?
North America was the largest region in the natural gas pipeline market in 2024. However, Asia-Pacific is expected to be the fastest-growing region in the forecast period, fueled by increasing energy demand and aggressive infrastructure investment.
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What Is Covered In The Natural Gas Pipeline Transport Market Global Market Report?
- Market Size Analysis: Analyze the Natural Gas Pipeline Transport Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Natural Gas Pipeline Transport Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Natural Gas Pipeline Transport Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Natural Gas Pipeline Transport Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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