Gas Pipeline Infrastructure Market is estimated to reach over USD 1.5 trillion by 2025. Increasing accessibility and production from offshore gas fields owing to advancing technologies will foster the gas pipeline infrastructure market growth. Prevailing government initiatives for improving the inadequate gas distribution and transmission infrastructure to facilitate the domestic and international trade will enhance the business outlook.
Rising dependency on imported natural gas coupled with limited interstate pipeline network will augment the business landscape. Growing demand for clean energy primarily across the commercial and residential sector will drive the gas pipeline infrastructure market. Ongoing coal to gas switch coupled with rapid industrialization will drive the industry growth. Rising adoption of natural gas across the power generation, manufacturing and chemical plants will complement the industry landscape. In addition, strict industry norms along with sincere government measures to confront the universal climate change will further stimulate the product adoption.
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Rising investment toward building additional pipeline network will thrust the U.S. gas pipeline infrastructure market growth. Escalating rig count with rapidly expanding E&P activities will instigate the need of supplementary pipeline assets. Significant production from shale plays coupled with new project development across the Permian Basin and North EAST U.S will positively enhance the business outlook. Ongoing replacement of ageing infrastructure to comply with the industry standards and norms along with need for improving the reliability of supply will drive the distribution gas pipeline infrastructure market.
The state regulators are taking active measures to improve the gas accessibility across commercial and residential establishments and boost the domestic gas production. Ongoing network expansion to enhance the availability of gas from recently developed fields will further instigate the demand for numerous small and large diameter pipelines. Rising government concerns to uphold the supply security along with prevailing geopolitical sentiments will sway the Europe gas pipeline infrastructure market growth Dependency on imported gas to suffice the growing energy needs coupled with ongoing diversification measures will instigate the requirement of additional transmission pipelines. Opposition from local activists group coupled with anti-pipeline sentiments are likely to impact the approval of new pipeline projects.
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Growing spending toward oil & gas development and production projects owing to recovering prices will drive the offshore gas pipeline infrastructure market. Introduction of favorable trade norms across various nations will stimulate the investment toward untapped potential gas fields. For instance, as per Rystad Energy, about 100 offshore gas projects are anticipated to be authorized in 2018 which was around 60 in 2017. Eminent participants across the gas pipeline infrastructure market include Gazprom, Europipe, Enbridge, Chelpipe, CRC Evans Pipeline, APA Group, Snam Rete, Redexis, Technip, General Electric, Perusahaan Gas Negara, GAIL, Saipem, MRC Global, DCP Midstream, Welspun, Engas and National Oilwell Varco.
Partial Table of Contents (ToC) of the report:
Chapter 4 Gas Pipeline Infrastructure Market, By Application
4.1 Gas pipeline infrastructure market share by application, 2018 & 2025
4.2.1 Global market from onshore, 2014 – 2025
4.2.2 Global market from onshore, by region, 2014 – 2025
4.3.1 Global market from offshore, 2014 – 2025
4.3.2 Global market from offshore, by region, 2014 – 2025
Chapter 5 Gas Pipeline Infrastructure Market, By Operation
5.1 Gas pipeline infrastructure market share by operation, 2018 & 2025
5.2.1 Global market from transmission, 2014 – 2025
5.2.2 Global market from transmission, by region, 2014 – 2025
5.3.1 Global market from distribution, 2014 – 2025
5.3.2 Global market from distribution, by region, 2014 – 2025