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Virtual Pipeline Market Trends

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

Virtual Pipeline Market Trends

The virtual pipeline industry over the years have witnessed a substantial growth in demand owing to the growing emphasis on sustainability and the integration of renewable gases, such as biomethane and green hydrogen, into virtual pipeline networks. This aligns with global efforts to reduce carbon emissions and transition to cleaner energy sources. Technological advancements are driving the development of more efficient and environmentally friendly equipment and vehicles for gas transportation, enhancing the safety and reliability of virtual pipelines.
 

Regional expansion is becoming a key trend, with virtual pipelines increasingly extending their reach into emerging markets, addressing energy needs in remote areas and bolstering economic development. Lastly, collaborations and partnerships between virtual pipeline service providers, gas producers, and end-users are on the rise, facilitating the development of tailored solutions and streamlined supply chains. These trends collectively reflect the evolving landscape of energy distribution and the critical role of virtual pipelines in meeting diverse energy demands while prioritizing sustainability and resilience.

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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