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The pipeline network market has experienced robust growth, surging from $9.40 billion in 2023 to $10.04 billion in 2024, with a CAGR of 6.8%. This growth is attributed to infrastructure development initiatives, economic growth patterns, technological advancements in the sector, regulatory reforms, and the increasing demand for energy resources. Looking forward, the market is expected to continue its strong growth trajectory, with projections indicating an increase to $12.50 billion in 2028 at a CAGR of 5.6%. Anticipated drivers of this growth include sustainability-focused initiatives, geopolitical factors impacting energy markets, market liberalization efforts, the ongoing digitalization of infrastructure, and the integration of renewable energy sources into existing networks. Major trends in the forecast period encompass a shift towards renewable energy sources, increased adoption of smart pipeline technologies, expansion of natural gas infrastructure, integration of artificial intelligence and machine learning technologies, and a heightened focus on pipeline safety and security measures.

The growth in oil production is anticipated to drive the expansion of the pipeline network market. Driven by the rising global energy demand and geopolitical considerations, oil production involves the extraction of crude oil from underground reservoirs or oil wells. Pipeline networks play a crucial role in efficiently transporting crude oil from extraction sites to refineries and distribution centers, ensuring a reliable supply chain. For instance, with U.S. crude oil production experiencing a 5.6% growth in 2022, reaching an average of 11.9 million barrels per day, and New Mexico setting a record with a 0.3 million barrels per day increase to 1.6 million barrels per day in 2022, the increasing oil production significantly contributes to the growth of the pipeline network market.

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What Are The Key Trends That Influence Pipeline Network Market Share Analysis?

Major companies operating in the pipeline network market are focused on developing innovative products with advanced technologies, such as drone-based gas leak detection systems, to increase their profitability in the market. Drone-based gas leak detection systems involve the use of unmanned aerial vehicles (UAVs or drones) equipped with specialized sensors and technologies to identify and locate gas leaks in various environments. For instance, in April 2021, ABB Ltd., a Switzerland-based technology company, launched Hover Guard, a mobile gas leak detection system designed to detect odorless and invisible gas leaks within pipeline systems. It operates as an unmanned aerial vehicle, swiftly surveying natural gas distribution and transmission pipelines, gathering lines, storage facilities, and other potential sources of leaks. With its ability to detect, quantify, and map leaks rapidly, HoverGuard generates comprehensive digital reports automatically. This technology is expected to improve gas leak detection, which can help reduce accidents and improve the safety of workers and the public.

Which Market Players Are Driving Growth In The Pipeline Network Market?

Major companies operating in the market areHuawei 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

How Is The Global Pipeline Network Market Segmented?

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

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The Pipeline Network Global Market Report 2024 provides an overview of the pipeline networkmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The pipeline network market forecast analyzes pipeline network market size, pipeline network market share, leading competitor and their market positions.

The Table Of Content For The Pipeline Network Market Include

1. Pipeline Network Market Executive Summary
2. Pipeline Network Market Segments
3. Pipeline Network Market Size And Template Market Growth Rate
4.  Key Pipeline Network Market Trends
5. Major Pipeline Network Market Drivers
……
25. Key Mergers And Acquisitions In The Pipeline Network Market
26. Top Pipeline Network Companies
27. Pipeline Network Market Opportunities And Strategies
28. Pipeline Network Market, Conclusions And Recommendations
29. Appendix

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