The pipeline network global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Pipeline Network Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size -
The pipeline network market size has grown strongly in recent years. It
will grow from $9.40 billion in 2023 to $10.04 billion in 2024 at a
compound annual growth rate (CAGR) of 6.8%. The growth in the historic
period can be attributed to infrastructure development, economic growth,
technological advancements, regulatory changes, energy demand.
The pipeline network market size is expected to see strong growth in the next few years. It will grow to $12.50 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to sustainability initiatives, geopolitical factors, market liberalization, digitalization, renewable energy integration. Major trends in the forecast period include shift towards renewable energy sources, increased adoption of smart pipeline technologies, expansion of natural gas infrastructure, integration of artificial intelligence and machine learning, and enhanced focus on pipeline safety and security.
Order your report now for swift delivery @
https://www.thebusinessresearchcompany.com/report/pipeline-network-global-market-report
Scope Of Pipeline Network Market
The Business Research Company's reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Pipeline Network Market Overview
Market Drivers -
The increasing oil production is expected to fuel the growth of the
pipeline network market going forward. Oil production typically refers
to the extraction or pumping of crude oil from underground reservoirs or
oil wells. Oil production is increasing in response to rising global
energy demand and geopolitical considerations, with the goal of meeting
rising fuel and petrochemical needs while also supporting economic
development and energy security. Pipeline networks are essential for oil
production, efficiently transporting crude oil from extraction sites to
refineries and distribution centers, ensuring a cost-effective and
reliable supply chain. For instance, in May 2023, according to the
Energy Information Administration, a US-based government agency, U.S.
crude oil production experienced 5.6% growth in 2022, equivalent to an
increase of 0.6 million barrels per day (b/d) compared to the previous
year, reaching an average of 11.9 million b/d. New Mexico experienced
the most significant growth in crude oil production, setting a record
for the state with a 0.3 million b/d increase to 1.6 million b/d in
2022. Therefore, increasing oil production is driving the growth of the
pipeline network market.
Market Trends -
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.
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
Get an inside scoop of the pipeline network market, Request now for Sample Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=14454&type=smp
Regional Insights -
North America was the largest region in the pipeline network market in
2023. 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.
Key Companies -
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
Table of Contents
1. Executive Summary
2. Pipeline Network Market Report Structure
3. Pipeline Network Market Trends And Strategies
4. Pipeline Network Market – Macro Economic Scenario
5. Pipeline Network Market Size And Growth
…..
27. Pipeline Network Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
No comments:
Post a Comment