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2024-2033 Forecast: What is the Projected Growth Rate for the Gas Pipeline Infrastructure Market?

The market size of the gas pipeline infrastructure has been progressively increasing over the years. Its growth trajectory predicts an increase from $2673.87 billion in 2023 to $2778.98 billion in 2024, showcasing a compound annual growth rate (CAGR) of 3.9%. Factors contributing to the growth during the historic period include the industrial revolution and increasing urbanization, growing demand for energy, discoveries of resources and their extraction, governmental policies and investments, infrastructure modernization, along with environmental concerns and regulations.

Stable expansion is predicted for the gas pipeline infrastructure market in the coming years. The market is projected to rise to $3238.13 billion by 2028, with a compound annual growth rate (CAGR) of 3.9%. The anticipated growth in this period can be attributed to factors such as the incorporation of renewable energy, a shift towards the consumption of natural gas, modernization of infrastructure, increased global energy demand, and international pipeline projects. Key trends to watch during this forecast period include a shift towards renewable energy, the development of intelligent pipeline technologies, expansion of LNG trade, increased emphasis on pipeline safety, and the changing geopolitical dynamics.

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What Are the Main Drivers Behind the Growth of the gas pipeline infrastructure Market?

The advancement of the gas pipeline infrastructure market is predicted to be driven by a surge in oil and gas utilization. Functions like external drilling, productions, gathering, refining, distribution, and transport are encompassed by the term oil and gas. A growth in oil and gas usage usually results in a heightened demand for energy channelization via pipelines, which instigates the growth and advancement of gas pipeline structure to cater to the increasing necessity of moving these resources from production areas to consumption zones. For example, the Energy Information Administration, a U.S.-based federal statistical system, mentioned in a 2023 report that oil consumption had risen by 5.3 million barrels per day (b/d) in 2021. It is projected to rise by 1.4 million b/d in worldwide liquid fuel consumption in 2023 and by 1.8 million b/d in 2024. Thus, this rise in oil and gas consumption is propelling the gas pipeline infrastructure market’s expansion.

What Are the Primary Segments of the Gas Pipeline Infrastructure Market?

1) By Equipment: Pipeline, Valves, Compressor Station, Metering Skids

2) By Operation: Transmission, Distribution

3) By Application: On-Shore, Off-Shore

4) By End user: Commercial, Residential

Which Trends Are Revolutionizing the Gas Pipeline Infrastructure Market?

Key players in the gas pipeline infrastructure market are establishing strategic alliances to pool their skills and assets, thereby achieving cost reductions and enhancing economies of scale, both vital for large pipeline projects. Such alliances enable the sharing of risks involved in pipeline projects, lessening the financial stress on individual partners while simplifying the procurement of funding for infrastructure. For instance, in July 2022, DNV, a Norway-based firm offering technical consultation and assistance, joined forces with Pipeline Infrastructure Limited (PIL), an Indian pipeline infrastructure company, to incorporate hydrogen into PIL’s gas network assets in India. DNV is providing technical guidance and backing to PIL on the implementation of blended hydrogen into its gas network resources. This collaboration aligns with DNV’s pledge to fulfill the objectives of the Paris Agreement and aid customers in a quicker transition towards a profoundly decarbonized energy system.

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Which Geographical Regions Are Pioneering Growth in the Gas Pipeline Infrastructure Market?

North America was the largest region in the gas pipeline infrastructure market in 2023. Asia-Pacific is expected to be the fastest-growing region in the gas pipeline infrastructure market report during the forecast period. The regions covered in the gas pipeline infrastructure market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Gas Pipeline Infrastructure Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the gas pipeline infrastructure market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Gas Pipeline Infrastructure Market Include

1. Gas Pipeline Infrastructure Market Executive Summary

2. Gas Pipeline Infrastructure Market Segments

3. Gas Pipeline Infrastructure Market Size And Template Market Growth Rate

4. Key Gas Pipeline Infrastructure Market Trends

5. Major Gas Pipeline Infrastructure Market Drivers

……

25. Key Mergers And Acquisitions In The Gas Pipeline Infrastructure Market

26. Top Gas Pipeline Infrastructure Companies

27. Gas Pipeline Infrastructure Market Opportunities And Strategies

28. Gas Pipeline Infrastructure Market, Conclusions And Recommendations

29. Appendix

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