Global Gas Pipeline Infrastructure Market Size By Type (Transmission, Distribution), By Application (Onshore, Offshore), By Region, And Segment Forecasts, 2023 to 2032
Report Id: 21175 | Published Date: Nov 2024 | No. of Pages: | Base Year for Estimate: Nov 2024 | Format:
The Global Gas Pipeline Infrastructure Market was valued at USD 50 billion in 2023 and is expected to surpass USD 85 billion by 2031, registering a CAGR of 6.0% during the forecast period from 2023 to 2031. The market's growth is driven by the rising demand for natural gas, supported by global energy transition initiatives favoring cleaner fuels over coal and oil. Expansion in pipeline networks, replacement of aging infrastructure, and investments in advanced pipeline technologies to reduce emissions are also key factors propelling market growth.
Drivers:
Rising Demand for Natural Gas: With a
global shift towards cleaner energy sources, natural gas demand is on the rise.
Gas pipelines are crucial to meeting this demand efficiently.
Technological Advancements: Innovations
such as real-time monitoring, automation, and AI-enhanced pipeline safety
systems are improving operational efficiency and safety.
Government Initiatives and Investment:
Increased government support for infrastructure projects aimed at reducing
carbon emissions supports the expansion of the gas pipeline infrastructure
market.
Restraints:
High Initial Investment and Maintenance
Costs: The installation and upkeep of pipeline infrastructure require
substantial financial resources, which can be a barrier for new projects.
Environmental and Regulatory Challenges:
Stricter regulations on pipeline construction due to environmental impact
concerns may impede market growth.
Opportunities:
Expansion in Emerging Economies: Developing
countries in Asia-Pacific, Latin America, and Africa are increasing investments
in gas infrastructure, presenting growth opportunities.
Integration of Renewable Energy Sources:
The integration of hydrogen blending in natural gas pipelines offers a
future-proof investment as demand for green energy sources increases.
Market
by System Type Insights:
Based on system type, the Transmission
Pipeline segment dominated the market in 2023. These pipelines, essential for
transporting gas over long distances from production sites to end-use
locations, are gaining traction due to the rising demand for inter-regional gas
transmission. Distribution pipelines are also expected to witness growth,
especially in urbanizing regions focused on cleaner energy solutions.
Market by End-Use Insights:
The Industrial Sector emerged as the
largest revenue contributor in 2023, accounting for over 40% of the market
share. This sector, encompassing industries like power generation, chemicals,
and manufacturing, relies heavily on consistent natural gas supplies.
Residential and commercial segments are also expected to experience steady
growth due to increased adoption of gas for heating and energy.
Market
by Regional Insights:
North America led the market in 2023,
driven by substantial shale gas exploration and a well-established pipeline
network. Asia-Pacific is anticipated to witness the highest growth rate due to
rapid industrialization, urbanization, and increased investments in pipeline
infrastructure in countries like China and India.
Competitive
Scenario:
Key players in the Global Gas Pipeline
Infrastructure Market include Enbridge Inc., Kinder Morgan Inc., Gazprom,
TransCanada Corporation, Saudi Aramco, and China National Petroleum
Corporation. These companies are investing in advanced pipeline technologies,
new pipeline construction, and infrastructure modernization to meet growing
demand and improve efficiency. Recent developments include Gazprom’s new
cross-border pipeline projects and Enbridge’s expansion into hydrogen blending
technology.
Scope
of Work – Global Gas Pipeline Infrastructure Market
Report
Metric |
Details |
Market Size (2023) |
USD 50 billion |
Projected Market Size (2031) |
USD 85 billion |
CAGR (2023-2031) |
6.0% |
Largest Market Segment by System Type |
Transmission Pipelines |
Largest Market Segment by End-Use |
Industrial Sector |
Key Regions Covered |
North America, Asia-Pacific, Europe,
Latin America, Middle East & Africa |
Key Market Drivers |
Rising demand for natural gas,
technological advancements, government initiatives |
Opportunities |
Expansion in emerging markets,
integration of renewable energy sources |
Key
Market Developments
2023: Enbridge Inc. announced its
investment in hydrogen blending projects to support future renewable energy
integration.
2024: Gazprom completed a major pipeline
project extending across the European Union to enhance supply capabilities.
2025: China National Petroleum Corporation
initiated construction on its largest international pipeline network,
connecting new gas fields in Central Asia.
FAQs
What is the current market size of the
Global Gas Pipeline Infrastructure Market?
The market was valued at USD 50 billion in
2023.
What is the major growth driver of the
Global Gas Pipeline Infrastructure Market?
The market's growth is driven by rising
demand for natural gas, supported by global energy transitions favoring cleaner
fuels.
Which is the largest region during the
forecast period in the Global Gas Pipeline Infrastructure Market?
North America held the largest market share
in 2023, with significant growth expected in Asia-Pacific.
Which segment accounted for the largest
market share in the Global Gas Pipeline Infrastructure Market?
The Transmission Pipeline segment held the
largest market share by system type in 2023.
Who are the key market players in the
Global Gas Pipeline Infrastructure Market?
Key players include Enbridge Inc., Kinder
Morgan Inc., Gazprom, TransCanada Corporation, Saudi Aramco, and China National
Petroleum Corporation.
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