The Gas Pipeline Infrastructure Market size is projected to reach US$ 40,703.5 million by 2030 from US$ 31,782.8 million in 2022. The market is expected to register a CAGR of 3.1% in 2022–2030.
The natural gas market is highly dynamic and requires liquidity, flexibility, and transparency to function effectively. Therefore, multiple sources of supply, multiple users, and a comprehensive infrastructure for transmission and distribution are required. The natural gas market is significantly developed in the US, Europe, and Asia Pacific, which is expected to drive the growth of the gas pipeline infrastructure with the rise in demand for gas in the future.
The gas pipeline infrastructure ecosystem includes the production phase, where natural gas is extracted from underground reservoirs. Exploration and production companies employ drilling technologies to extract raw natural gas. Once extracted, the gas is typically processed to remove impurities and then compressed for transportation. The production phase involves considerations of geological factors, extraction technologies, and environmental impact assessments. The primary players engaged in the production of natural gas are Royal Dutch Shell, ExxonMobil Corporation, Gazprom, ConocoPhillips, and TotalEnergie. The key players in the gas pipeline transmission network include Kinder Morgan Inc., Enbridge Inc., TC Energy Corporation, Pembina Pipeline Corporation, and Texas Gas Transmission LLC, among others.
The rising population and growing urbanization are a few factors boosting the consumption of energy worldwide. Natural gas has the potential application in electricity generation, which boosts its demand. Furthermore, due to the increasing energy uncertainties in Europe owing to the Russia-Ukraine war, governments of several countries are also boosting the application of natural gas. Thus, the increase in energy demand fuels the growth of the gas pipeline infrastructure market
North America has secured its position as one of the leading shale gas producers worldwide. Canada is the fifth-largest producer and fourth-largest exporter of natural gas worldwide. The main Canadian shale gas plays include the Horn River Basin and Montney shales in northeast British Columbia, the Utica Shale of Quebec, the Colorado Group of Alberta and Saskatchewan, and the Horton Bluff Shale of New Brunswick and Nova Scotia. Energy uncertainties owing to geopolitical disturbances are boosting the production of shale gas in North America, which is likely to create major opportunities for the gas pipeline infrastructure market growth in the coming years.
Key segments that contributed to the derivation of the gas pipeline infrastructure market analysis are operation, equipment, and application.
The geographic scope of the Gas Pipeline Infrastructure Market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.
North America is one of the leading gas exporters. The mounting demand for energy and the growing application of natural gas are boosting the market development of gas pipeline infrastructure in North America. In 2022, the US showcased the highest natural gas production capacity, followed by Canada and Mexico. Ixachi, Coulomb Phase 2, Quesqui, Nejo (IEPC), Leo, May, Koban, and Powerball are a few of the natural gas-producing fields in North America. The Ixachi plant is in Veracruz, Mexico, and it produced 618.09mmcfd (million cubic feet per day) in 2022. Also, the growing number of government initiatives and funding for the development of gas pipeline infrastructure is anticipated to boost the market for gas pipeline infrastructure over the forecast period.
The regional trends and factors influencing the Gas Pipeline Infrastructure Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Gas Pipeline Infrastructure Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 31,782.8 Million |
Market Size by 2030 | US$ 40,703.5 Million |
Global CAGR (2022 - 2030) | 3.1% |
Historical Data | 2020-2021 |
Forecast period | 2022-2030 |
Segments Covered |
By Operation
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
The Gas Pipeline Infrastructure Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Gas Pipeline Infrastructure Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The Gas Pipeline Infrastructure Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for Gas Pipeline Infrastructure Markets market and strategies:
The “Gas Pipeline Infrastructure Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas: