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Natural Gas Pipeline Transport Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the Natural Gas Pipeline Transport Market Size By 2025?
The dimension of the natural gas pipeline transport market has been expanding consistently in the past few years. There is an anticipated progression from $16.31 billion in 2024 to $17.09 billion in 2025, with a compound annual growth rate (CAGR) of 4.8%. The expansion in the past can be credited to factors such as rising energy demand and consumption, environmental consciousness and the shift towards clean energy, economic development and industrial growth, government protocols relating to energy safety, as well as global commerce and interlinked gas markets.
How Big Is the Natural Gas Pipeline Transport Market Size Expected to Grow by 2029?
The market size of the natural gas pipeline transport is anticipated to experience consistent growth in the coming years. It's projected to escalate to $20.63 billion by 2029, growing at a compound annual growth rate (CAGR) of 4.8%. Factors contributing to this predicted market growth during the forecast period include the integration of renewable energy and gas-to-power, a shift to low-carbon energy structures, investment in infrastructure and greater access to energy, the rising demand for natural gas in emerging markets, and goals for mitigating climate change and reducing emissions. Key trends anticipated during the forecast period are the inclusion of renewable gas, rejuvenation of outdated pipeline systems, regulatory backing for pipeline expansion, a move towards long-distance and international pipelines, and the implementation of measures for cybersecurity.
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Which Key Market Drivers Powering Natural Gas Pipeline Transport Market Expansion and Growth?
The surge in natural gas usage is anticipated to push forward the expansion of the natural gas pipeline transportation market. Natural gas, a fossil fuel originated from plant and animal remnants, is frequently transported across regional or global boundaries to meet market demand via pipelines. Thus, the rise in natural gas consumption is predicted to foster the growth of the pipeline transport market for this energy source. For example, it was reported by the Energy Information Administration, a statistical agency of the US Department of Energy, in January 2023, that the daily usage of natural gas in the United States set a record high at 141.0 billion cubic feet (bcf) during that year. Moreover, the electric power sector saw a 45% increase in natural gas consumption in December 2022. Consequently, the burgeoning use of natural gas propels the expansion of the natural gas pipeline transportation market.
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Which Emerging Trends Are Transforming the Natural Gas Pipeline Transport Market in 2025?
Emerging technology is recognized as a prominent trend in the natural gas pipeline transport market. Major players in this market have undertaken to pioneer new innovations to preserve their market position. In December 2022, ABB Ltd. - a digital technology firm based in Switzerland, introduced Sensi+, a state-of-the-art analyzer designed to make pipeline operation and maintenance more cost-effective and efficient. This singular device enhances pipeline monitoring and operation by promptly and accurately evaluating up to three contaminants (H2S, H2O, and CO2) in any natural gas stream. Sensi+ is equipped with ABB's ere*xpert capabilities, facilitating immediate insight and action. Features include onboard self-diagnostics, automatic laser line-locking, real-time cross-interference compensation, and health monitoring.
What Are the Emerging Segments in the Natural Gas Pipeline Transport Market?
The natural gas pipeline transportmarket covered in this report is segmented -
1) By Type: Gathering Pipeline, Transportation Pipeline, Distribution Pipeline
2) By Pipeline Component: Transmission Pipes, Compressor Stations, Metering Stations, Valves
3) By Application: Onshore, Offshore
Subsegments:
1) By Gathering Pipeline: Onshore Gathering Systems, Offshore Gathering Systems
2) By Transportation Pipeline: High-Pressure Transmission Pipelines, Interstate And Intrastate Pipelines
3) By Distribution Pipeline: Local Distribution Networks, Regulator Stations
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Who Are the Global Leaders in the Natural Gas Pipeline Transport Market?
Major companies operating in the natural gas pipeline transport market include 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., Berkshire Hathaway Energy, Energy Transfer LP, Pembina Pipeline Corporation, Williams Companies Inc., TC Energy Corporation, Cheniere Energy Inc., Sempra Energy, National Grid plc, Antero Midstream Corporation, Crestwood Equity Partners LP, DCP Midstream LP, Targa Resources Corp., Boardwalk Pipeline Partners LP, MPLX LP, Plains All American Pipeline LP, Shell Midstream Partners LP, EnLink Midstream Partners LP, Summit Midstream Partners LP, NGL Energy Partners LP
Which are the Top Profitable Regional Markets for the Natural Gas Pipeline Transport Industry?
North America was the largest region in the natural gas pipeline market in 2024. Asia-Pacific is expected to be the fastest-growing region in the natural gas pipeline transport market report during the forecast period. The regions covered in the natural gas pipeline transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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