Pipeline Network Market to Record 5% CAGR Growth Through 2029 | Global Analysis Report

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Pipeline Network Market Outlook: How is the Market Expected to Grow by 2025?
In recent times, there has been a robust increase in the size of the pipeline network market. It is projected to expand from $10.04 billion in 2024 to $10.6 billion in 2025, with a compound annual growth rate (CAGR) of 5.6%. Factors like infrastructure development, economic progress, technological innovation, regulatory modifications, and energy requirement are responsible for the growth observed in the historic period.

Pipeline Network Market Forecast: What Size Will It Reach By 2029?
The market size for pipeline networks is anticipated to witness a significant increase over the upcoming years, estimated to reach $12.91 billion in 2029 with a compound annual growth rate (CAGR) of 5.0%. The expansion during this period can be tied to factors such as sustainability measures, geopolitical influences, liberalization of the market, the embrace of digitalization and incorporation of renewable energy. The predictive period is also expected to see trends like a shift towards renewable energy sources, a rise in the use of intelligent pipeline technologies, growth of the natural gas infrastructure, application of artificial intelligence and machine learning, and a heightened emphasis on pipeline safety and security.

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Which Key Market Drivers Will Shape Pipeline Network Industry Trends in 2025-2029?
Anticipated increases in oil production are predicted to propel the expansion of the pipeline network market. The term "oil production" generally relates to the process of extracting or pumping crude oil from underground reserves or oil wells. The uptick in oil production is a response to increased global energy requirements and geopolitical factors, with the aim of satisfying growing fuel and petrochemical demands, and simultaneously bolstering economic growth and energy security. Pipeline networks play a crucial role in oil production, as they effectively transport crude oil from the extraction sites to the refineries and distribution hubs, ensuring an efficient and reliable supply chain. For example, the Energy Information Administration, a government agency based in the U.S., reported in May 2023 that U.S. crude oil production observed a 5.6% surge in 2022, which is equivalent to a rise of 0.6 million barrels per day (b/d) compared to the prior year, averaging at 11.9 million b/d. The state of New Mexico saw the most substantial increase in crude oil production, setting a new state record with an increment of 0.3 million b/d, amounting to 1.6 million b/d in 2022. Consequently, the escalating oil production is steering the growth of the pipeline network market.

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What Are the High-Growth Segments in the Pipeline Network Market?
The pipeline network market covered in this report is segmented -

1) By Offering: Solution, Operation Management And Control, Surveillance And Security, Communication System, Pipeline Geographic Information System (GIS) software, Services, Consulting, Integration and deployment, Training, Other Offerings
2) By Content: Gas Pipeline, Liquid Pipeline
3) By Applications: Pipeline Monitoring, Pipeline Operation Optimization
4) By End-User Industry: Crude And Refined Petroleum, Water And Wastewater, Other End-User Industries

Subsegments:
1) By Solution: Pipeline Monitoring Solutions, Pipeline Management Solutions, Pipeline Integrity Solutions
2) By Operation Management and Control: Flow Management, Pressure and Temperature Control, Leak Detection and Prevention
3) By Surveillance and Security: Video Surveillance Systems, Intrusion Detection Systems, Pipeline Security Sensors, Access Control Systems
4) By Communication System: Data Communication Solutions, Wireless Communication Systems, Remote Monitoring Communication, Satellite Communication Systems
5) By Pipeline Geographic Information System (GIS) Software: GIS Data Management, Pipeline Route Planning and Mapping, GIS for Pipeline Monitoring
6) By Services: Maintenance Services, Inspection and Testing Services, Emergency Response Services
7) By Consulting: Pipeline Network Design Consulting, Regulatory and Compliance Consulting, Feasibility and Risk Assessment Consulting
8) By Integration and Deployment: System Integration Services, Deployment of Pipeline Management Systems, Installation of Monitoring and Control Systems
9) By Training: Technical Training, Operator and Maintenance Staff Training, Regulatory and Compliance Training
10) By Other Offerings: Custom Solutions, Performance Optimization, Software as a Service (SaaS)

Which Global Trends Are Driving Pipeline Network Market Expansion?
Leading organizations in the pipeline network market are concentrating their efforts on creating groundbreaking solutions such as the Zero Emission Electro-Hydraulic Actuator (EHA) solution. Their goals include enhancing environmental sustainability, boosting operational efficiency, and fulfilling tough emission reduction regulations. The zero emission electro-hydraulic actuator (EHA) solution is a sophisticated actuator system engineered to manage hydraulic processes without generating direct emissions, which aligns with sustainable and eco-friendly operations. In August 2023, for example, Automation Technology, Inc. (ATI), a company based in the US that excels in creating inventive automation solutions for the oil and gas sector, unveiled a Zero Emission Electro-Hydraulic actuator solution. This ingenious system, designed specifically to eliminate the carbon footprint linked with pipeline operations, is self-contained and directly merges power with the actuator. It comes in both spring-return and double-acting configurations. Such advancements have the aim of facilitating the sector's shift towards more environmentally friendly operations and adherence to ecological regulations. This actuator is built for high thrust and torque capacities, guaranteeing swift and accurate valve control while ensuring safety with fail-safe mechanisms.

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Who Are the Fastest-Growing Companies in the Pipeline Network Industry?
Major companies operating in the pipeline network market are Huawei Technologies Co. Ltd., Hitachi Ltd., Siemens AG, General Electric Company, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Emerson Electric Co, Enbridge Inc., The Williams Companies Inc., Wipro, Rockwell Automation Inc., Xylem Inc., Targa Resources Corp., KROHNE Group, BRUGG Group AG, PSI Software, Microflex LLC, Moxa, ORBCOMM, Optasense, Pure Technologies, Sensornet

What Is the Regional Outlook for the Pipeline Network Market by 2029?
North America was the largest region in the pipeline network market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pipeline network market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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