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Virtual Pipeline Market Size

  • Report ID: GMI6816
  • Published Date: Sep 2023
  • Report Format: PDF

Virtual Pipeline Market Size

Virtual Pipeline Market size was valued at USD 2.3 billion in 2023 and is anticipated to grow at over 5.8% CAGR from 2024 to 2032. The growing need for reliable and flexible energy distribution solutions, particularly in regions with limited access to traditional pipeline infrastructure acts a major growth driver for the virtual pipeline infrastructure. These units enable the transportation and delivery of natural gas, hydrogen, and other gases to industrial, commercial, and other consumers, bridging the gap in areas where pipelines are not feasible or cost-effective.

 

Virtual Pipeline Market

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Additionally, the rising demand for cleaner and more sustainable energy sources is propelling the adoption of virtual pipelines, as natural gas is considered a cleaner alternative to traditional fossil fuels. The integration of renewable gases, such as biomethane and biogas, into the virtual pipeline network further supports environmentally friendly energy practices. Moreover, industries seeking to reduce emissions and transition to cleaner energy sources are driving the expansion of the virtual pipeline market. As the energy landscape evolves, the versatility and reliability of virtual pipelines make them a critical component of the energy supply chain, fostering continued market growth.

 

Virtual pipelines are innovative systems for the transportation and distribution of natural gas, liquefied natural gas (LNG), and other gases using flexible and mobile methods. Unlike traditional pipelines that are fixed in place, virtual pipelines utilize various modes of transportation, such as trucks, trailers, railcars, and barges, to deliver gas to consumers. These systems are particularly valuable in regions lacking pipeline infrastructure or for supplying remote industrial facilities and power generation stations.

 

Virtual pipelines offer a flexible and cost-effective solution for delivering clean and sustainable energy sources, making them an essential part of modern energy distribution networks. They play a pivotal role in expanding access to natural gas and other gases while reducing environmental impacts and enhancing energy security.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of virtual pipeline surpassed USD 2.3 billion in 2023 and is set to exceed USD 3.9 billion by 2032, attributed to the growing need for reliable and flexible energy distribution solutions, particularly in regions with limited access to traditional pipeline infrastructure.

The CNG fuel segment accounted for more than USD 490 million in 2022 and is poised to witness over 6.5% CAGR from 2023 to 2032, owing to the increasing demand for clean and environmentally friendly fuel.

North America market is set to expand at over 5% CAGR from 2023 to 2032, driven by the abundant natural gas reserves, particularly in the U.S. and Canada.

Kinder Morgan, NG Advantage LLC., Stabilis Solutions, Inc., Hexagon Agility, Air Products and Chemicals, Inc., Galileo Technologies S.A., Xpress Natural Gas, CNG Services Limited, Aggreko, Gáslink - Gás Natural, S.A., and Gas Malaysia Virtual Pipeline Sdn. Bhd are some of the leading virtual pipeline companies.

Virtual Pipeline Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 352
  • Countries covered: 16
  • Pages: 290
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