Press release
Top Factor Driving Liquefied Natural Gas (LNG) Virtual Pipeline Market Growth in 2025: Rising Clean Energy Demand Boosts LNG Virtual Pipeline Market
Liquefied Natural Gas (LNG) Virtual Pipeline
The growing demand for clean energy sources is expected to fuel the growth of the liquefied natural gas (LNG) virtual pipeline market. Clean energy sources, such as wind and solar, are gaining traction due to environmental concerns and the desire to reduce fossil fuel reliance. LNG virtual pipelines enable the transportation of liquefied natural gas to regions without pipeline infrastructure, promoting cleaner energy alternatives. In 2022, wind and solar accounted for 14% of U.S. electricity generation, and projections show this share will continue to grow. The increasing demand for clean energy is propelling the LNG virtual pipeline market.
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What growth opportunities are expected to drive the liquefied natural gas (lng) virtual pipeline market's CAGR through 2034?
The LNG virtual pipeline market will expand from $1.38 billion in 2024 to $1.48 billion in 2025 at a CAGR of 7.0%, supported by the push for cleaner energy, government policies, and the need for energy access in remote areas.
The liquefied natural gas (LNG) virtual pipeline market is expected to reach $1.92 billion by 2029 at a CAGR of 6.8%. Growth is driven by global demand for natural gas, government regulations, and the expansion of off-grid energy solutions. Emerging trends include IoT integration for real-time monitoring, hybrid LNG-renewable systems, blockchain adoption, and cryogenic storage innovations.
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What are the emerging trends shaping the future of the liquefied natural gas (lng) virtual pipeline market?
Companies in the LNG virtual pipeline market are advancing natural gas compression stations to improve the efficiency and reliability of LNG transportation and distribution. These advancements enhance the flexibility and cost-effectiveness of natural gas supply chains. For example, in August 2022, Sun Bridge Energy Services, a US-based oil and gas company, launched a natural gas compression station in the Permian Basin. This 50 million cubic feet per day station supports clean fuel alternatives, such as compressed natural gas, improving emissions and enhancing the transition to environmentally friendly energy sources.
Which growth-oriented segments of the liquefied natural gas (lng) virtual pipeline market are leading the industry's development?
The liquefied natural gas (LNG) virtual pipeline market covered in this report is segmented -
1) By Type: Ordinary Type, Special Type
2) By Mode Of Transportation: Truck, Rail, Ship, Barge
3) By End Use: Commercial, Industrial, Transportation
Subsegments:
1) By Ordinary Type: Standard LNG Containers, Conventional Storage Systems
2) By Special Type: Cryogenic Tanks, Pressurized LNG Containers, Modular Storage Units
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What regions are leading the charge in the liquefied natural gas (lng) virtual pipeline market?
North America was the largest region in the LNG virtual pipeline market in 2023. The regions covered in the LNG virtual pipeline market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the liquefied natural gas (lng) virtual pipeline market?
Major companies operating in the liquefied natural gas (LNG) virtual pipeline market are ExxonMobil Corporation, TotalEnergies SE, General Electric Company, Honeywell International Inc., Cheniere Energy Inc., Linde plc, Siemens Energy AG, Air Liquide S.A., Mitsubishi Heavy Industries Ltd., Baker Hughes, McDermott International Ltd., Sempra Energy, Dominion Energy Inc., Fluor Corporation, Air Products and Chemicals Inc., IHI Corporation, Technip Energies NV, TechnipFMC plc, Wärtsilä Corporation, JGC Holdings Corporation, Black & Veatch Corp, MAN Energy Solutions, Gaztransport & Technigaz SA, Chart Industries Inc., GreenLine Mobility Solutions Limited
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What Is Covered In The Liquefied Natural Gas (LNG) Virtual Pipeline Global Market Report?
•Market Size Forecast: Examine the liquefied natural gas (lng) virtual pipeline market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the liquefied natural gas (lng) virtual pipeline market for a structured understanding.
•Key Players Overview: Analyze major players in the liquefied natural gas (lng) virtual pipeline market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the liquefied natural gas (lng) virtual pipeline market.
•Segment Contributions: Evaluate how different segments drive overall growth in the liquefied natural gas (lng) virtual pipeline market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the liquefied natural gas (lng) virtual pipeline market.
•Industry Challenges: Identify potential risks and obstacles affecting the liquefied natural gas (lng) virtual pipeline market.
•Competitive Landscape: Review strategic developments in the liquefied natural gas (lng) virtual pipeline market, including expansions, agreements, and new product launches.
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