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As per Technavio's natural gas pipeline market analysis, the market ir predicted to grow moderately during the next four years and will reach a natural gas pipe length of more than 2651 miles by the end of the forecast period. This market research analysis identifies the decline in steel prices as one of the factors driving natural gas pipeline market growth. Steel is one of the major raw materials used in manufacturing natural gas pipelines and studies have shown that the cost of steel amounts to almost 16% of the total cost for manufacturing one mile of gas pipeline. As a result, the current trend of decreasing steel prices will signifiacntly drive the growth of the natural gas pipeline market in the next few years. Though the rise in energy prices increases the manufacturing costs, the reduction in prices of Iron ore and steel scrap, which are used as raw material to make steel, will fuel the growth of the natural gas pipleine market over the forecast period.
The need to rationalize the flow of data, make real-time choices, improving asset performance, and product quality, will soon result in the adoption of Internet of Things (IoT) by the oil pipeline industry. Through regular monitoring, tracking, controlling, and asset management, IoT will provide a detailed diagnostics and will also allow real-time data sharing. Moreover, IoT can also be used to report preventive maintenance directly at the source, which will allow immediate corrective responses that aids in minimizing leakages.
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The natural gas pipeline market plays a significant role in the global oil and gas industry. Though other alternatives available for crude oil transportation such as rail/road tankers and marine tankers play a major role in the intercontinental transport, their utility is highly limited by the requirement of well-developed deep harbor ports. As a presence in this market comes mandatory in controlling the entire organizational revenues, the market is characterized by the presence of a number of gas pipeline companies and appears to be fragmented. Since all vendors equally compete to gain a considerable share of the market, the competition among vendors is quite intense. Though vendors mainly focus on investing in the upstream and downstream sectors, the coming years will witness considerable investment in the midstream segment as well. To help natural gas pipeline companies understand their profit horizons more clearly, this report segments market vendors into three distinct verticals such as service providers, pipeline operators, and pipeline contractors.
The leading vendors in the market are -
The other prominent vendors in the market are Bharat Petroleum, Cairn, Caspian Pipeline Consortium, China National Petroleum Corporation, Inter Pipeline, MOL Group, Saudi Aramco, Sunoco, Valero Energy, Aker Solutions, Bechtel, Daewoo Engineering & Construction, Hyundai Heavy Engineering, Mott Macdonald, Tecnicas Reunidas, Worley Parson, Emerson Process Management, FMC Technologies, Huawei Technologies, Infosys, Rockwell Automation, SAP, Schneider Electric, Wipro, Yokogawa Electric, and ZTE.
During 2015, the onshore market segment accounted for more than 68% of the total market share and dominated this market. Though the global energy industry’s focus in shifting their upstream operations toward offshore reserves will increase the market shares of the offshore pipeline segment, the market will continue to be dominated by the onshore segment throughout the forecast period.
This market study estimates that in terms of geographical regions, the Americas will account for almost 81% shares of the natural gas pipeline market by 2020 and also predicts that the region to dominate this market throughout the forecast period. This will manly attribute to the increase in several technological and service-based investments in the oil and gas industry. The report estimates that the length of the natural gas pipelines will reach more than 2141 miles by the end of the forecast period.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by pipeline types
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
PART 16: Explore Technavio
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