Pipeline Transportation Market Expected to Reach $37.4 Billion by 2031 | Growing at a CAGR of 7.7%

Allied Market Research published a report on the Pipeline Transportation Market by Type (Oil and Gas, Coal, Chemical, Water, Others), by Solution Type (Security Solutions, Automation and Control, Integrity and Tracking Solutions, Network Communication Solutions, Others), by Services (Consulting Service, Managed Service, Maintenance and Support): Global Opportunity Analysis and Industry Forecast, 2021-2031.

The pipeline transportation market size was valued at $17.9 billion in 2021, and the pipeline transportation industry is estimated to reach $37.4 billion by 2031, growing at a CAGR of 7.7% from 2022 to 2031.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞: https://www.alliedmarketresearch.com/request-sample/14610

Pipeline transportation is a method of transportation that involves the transportation of solid, liquid, or gaseous products over long distances through pipelines. It is mostly used to transport crude and refined petroleum products such as oil and gas. In addition to this, it is also useful for transporting other fluids such as water, slurry, sewage, and beer. It has numerous advantages such as flexibility, complete automation of various operations such as loading & unloading, low operating costs, and environmental friendliness are major factors for the growth of the pipeline transportation market opportunities.

The need for constant surveillance and monitoring services as pipelines can be the target of vandalism has driven the demand for security solutions in this market. It also faces challenges in steady and smooth operations. Many pipelines across the world carry chemically stable and flammable materials over long distances and must cross water expansions, terrains, and hills leading to an increase in the intrusion and leakage of flammable gas and fuels are all the factors hampering the growth of the pipeline transportation market trends during the forecast period.

𝐑𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/pipeline-transportation-market-A14241

Rapid upgrades in the pipeline transportation system toward virtualization and the connectivity of the detection and management equipment with the communication equipment a major factors increasing the demand for network communication solutions in the pipeline transportation market. The need for cost-efficient and safe modes of transport for hazardous chemicals and other liquids & gases is boosting the demand for the market. The presence of illegal activities and the danger due to the intervention of terrorists are some factors that will provide many opportunities for the pipeline transportation market growth.

The global pipeline transportation market forecast is segmented into type, solution type, service, and region. By type, the market is segmented into oil and gas, coal, chemical, water, and others. On the basis of type, the oil and gas segment accounted for the largest market share in 2021, owing to its wide range of end-use applications in transportation, chemicals, automotive, and paints.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

The Pipeline transportation industry's key market players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐚𝐣𝐨𝐫 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐏𝐢𝐩𝐞𝐥𝐢𝐧𝐞 𝐭𝐫𝐚𝐧𝐬𝐩𝐨𝐫𝐭𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞,

ABB Ltd.
Alcatel-Lucent Enterprise International
FMC Technologies
Alstom SA
Trimble Navigation Limited
Emerson Electric Co.
ESRI
Schneider Electric
Rockwell Automation, Inc.
Siemens AG

By solution type, it is divided into security solutions, automation and control, integrity and tracking solutions, network communication solutions, and others. The network communications solution segment accounted for the largest pipeline transportation market share in the global pipeline transportation market in 2021. Optical fiber networks, microwave networks, and satellite networks are widely used in network communication solutions. By service, the maintenance and support segment accounted for the largest share in 2021, owing to the demand for maintenance and supporting technologies to maintain the ease of transportation of liquids through pipes to various end-use industries. An increase in demand for petroleum products in countries such as China and India has benefited the pipeline transportation market.

𝐏𝐫𝐞𝐬𝐬 𝐑𝐞𝐥𝐞𝐚𝐬𝐞: https://www.alliedmarketresearch.com/press-release/pipeline-transportation-market.html

On the basis of type, the oil and gas segment accounted for 51.6% of the pipeline transportation market share in 2021 and is expected to maintain its dominance during the forecast period. Pipelines are generally the most economical way to transport large quantities of oil, refined oil products, and natural gas over land. There are three types of pipelines that carry oil such as gathering systems, crude oil pipeline systems, and refined products pipeline systems. The crude oil pipeline system carries crude oil to refineries while refined product pipelines transport refined products such as gasoline, kerosene, jet fuel, and heating oil from refineries to the market.

By solution, the Network Communication Solution segment accounted for the largest share in 2021 and is expected to support its dominance during the forecast period. It utilizes optical fiber cables as the primary communication medium for converting data and passing data as light pulses between sender and receiver nodes. A microwave network is a communication system that uses a beam of radio waves in the microwave frequency to transmit information between two fixed locations on the earth. It plays a crucial role in many industries in the form of communication.

By service, the maintenance and support service segment accounted for the largest share in 2021 and is expected to support its dominance during the forecast period. The technical meaning of maintenance involves functional checks, servicing, repairing of necessary devices, equipment, and machinery, building infrastructure, and supporting utilities in industrial, business, and residential installations.

Region-wise, Asia-Pacific accounted for the largest share in the market and is projected to grow at a CAGR of 8.1% during the forecast period. The presence of developing and highly populated countries such as China, and India, has increased the demand for various needs, which led to the development of pipeline transportation systems. In this region, China, India, and Indonesia are in the top 20 countries in the world with a huge pipeline transportation network.

𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/14610

𝐊𝐞𝐲 𝐟𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐬𝐭𝐮𝐝𝐲:

- As per pipeline transportation market analysis, on the basis of type, the oil and gas segment emerged as the global leader by acquiring more than 51.6% of the pipeline transportation market share in 2021 and is anticipated to continue this trend during the forecast period.
- On the basis of solution type, the network communication segment accounted for 32.0% of the global pipeline transportation market share in FY2021.
- On the basis of service, the maintenance and support segment accounted for 40.0% of the global market share in FY2021.
- On the basis of region, Asia-Pacific is the major consumer of pipeline transportation among other regions. It accounted for around 38.0% of the global market share in 2021.

𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐢𝐧 𝐄𝐧𝐞𝐫𝐠𝐲 𝐚𝐧𝐝 𝐏𝐨𝐰𝐞𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:

𝟏. 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐎𝐢𝐥𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.prnewswire.com/news-releases/industrial-oils-market-to-reach-85-9-bn-globally-by-2030-at-3-3-cagr-allied-market-research-301634389.html

𝟐. 𝐎𝐢𝐥 𝐒𝐭𝐨𝐫𝐚𝐠𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.globenewswire.com/news-release/2022/03/15/2403073/0/en/Oil-Storage-Market-Is-Expected-to-Reach-18-4-Billion-by-2030-Says-AMR.html

𝟑. 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐎𝐢𝐥𝐟𝐢𝐞𝐥𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.globenewswire.com/news-release/2021/11/22/2338888/0/en/Digital-Oilfield-Market-To-Reach-54-4-Billion-By-2030-Allied-Market-Research.html

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports take into account significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on the analysis of high-tech systems and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.

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