Press release
Strong Growth Ahead: Pipeline Transport Market Size To Grow At Arecord 6.6% Cagr By 2029
Pipeline Transport Market
How Big Is the Pipeline Transport Market Size Expected to Be by 2034?
The pipeline transport market has shown steady growth, projected to increase from $159.71 billion in 2024 to $170.86 billion in 2025, at a CAGR of 7.0%. This growth is attributed to economic growth, infrastructure development, rising energy demand, regulatory changes, and geopolitical factors.
The pipeline transport market is forecasted to grow steadily, reaching $220.9 billion in 2029 at a CAGR of 6.6%. Growth drivers include the shift toward renewable energy, stricter environmental policies, energy independence, automation, and carbon emission reduction targets. Key trends involve adoption of safer pipeline materials, enhanced environmental stewardship, smart tech integration, LNG infrastructure expansion, and cybersecurity enhancements.
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What Are the Emerging Segments Within the Pipeline Transport Market?
The pipeline transport market covered in this report is segmented -
1) By Type: Crude Oil Pipeline Transport, Natural Gas Pipeline Transport, Refined Petroleum Products Pipeline Transport, Other Pipeline Transport
2) By Solutions: Security Solutions, Automation And Control, Integrity And Tracking Solution, Network Communication Solution, Other Solutions
3) By Services: Consulting Service, Managed Service, Maintenance And Support
Subsegments:
1) By Crude Oil Pipeline Transport: Onshore Crude Oil Pipeline, Offshore Crude Oil Pipeline
2) By Natural Gas Pipeline Transport: Onshore Natural Gas Pipeline, Offshore Natural Gas Pipeline
3) By Refined Petroleum Products Pipeline Transport: Gasoline Pipeline Transport, Diesel Pipeline Transport, Jet Fuel Pipeline Transport, Other Refined Petroleum Products Pipeline
4) By Other Pipeline Transport: Water Pipeline Transport, Slurry Pipeline Transport, Chemical Pipeline Transport
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What Long-Term Drivers Are Shaping Pipeline Transport Market Trends?
Pipeline transportation firms are increasingly implementing augmented reality (AR) to enhance maintenance operations. AR overlays digital information on physical environments via headsets or screens, allowing technicians to view step-by-step instructions while performing tasks. These tools improve operational efficiency and reduce errors, making AR a valuable asset in the pipeline transportation industry.
Who Are the Top Competitors in Key Pipeline Transport Market Segments?
Major companies operating in the pipeline transport market include ABB Group, Alcatel-Lucent Enterprise, Emerson Electric Co., FMC Technologies Inc., Schneider Electric SE, Kinder Morgan Inc., TransCanada PipeLines Limited, Enbridge Inc., Williams Companies Inc., Energy Transfer LP, Plains All American Pipeline LP, Colonial Pipeline Company, TC PipeLines LP, Dominion Energy Inc., Magellan Midstream Partners L.P., DCP Midstream LP, Buckeye Partners L.P., Crestwood Equity Partners LP, ONEOK Inc., Enterprise Products Partners L.P., TC Energy Corporation, Chevron Corporation, Exxon Mobil Corporation, Phillips 66, Shell Pipeline Company LP, EnLink Midstream Partners LP, NuStar Energy L.P., Noble Midstream Partners LP, Shell Midstream Partners L.P., CNX Midstream Partners LP, Pembina Pipeline Corporation, Keyera Corp., Inter Pipeline Ltd.
What Are the Major Trends Shaping the Pipeline Transport Market?
Companies in the pipeline transport market are advancing the safety, efficiency, and environmental sustainability of gas distribution systems. For instance, in January 2023, Hexagon Group AG launched the TITAN 450 Mobile Pipeline modules for transporting compressed and renewable natural gas (CNG and RNG) across North America. These modules allow for more gas transport with fewer trips, lowering operational costs.
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Which Regions Are Becoming Hubs for Pipeline Transport Market Innovation?
North America was the largest region in the pipeline transport market in 2023. Asia-Pacific was the second largest region in the pipeline transport market. The regions covered in the pipeline transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Pipeline Transport Market?
2. What is the CAGR expected in the Pipeline Transport Market?
3. What Are the Key Innovations Transforming the Pipeline Transport Industry?
4. Which Region Is Leading the Pipeline Transport Market?
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