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The US pipeline transportation market size is estimated to grow at a CAGR of 2.51% between 2023 and 2028. The market size is forecast to increase by USD 9.60 billion. The growth of the market depends on several factors such as the technological advancements in pipeline transportation, the growing need for long-distance transportation, and the growing energy production in US.
The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.
Pipeline Transportation Market in US Forecast 2024-2028
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SCADA systems enable real-time monitoring and control of pipeline operations. These systems use sensors and communication networks to gather data on pressure, flow rates, and other parameters, allowing operators to manage and optimize the pipeline performance. Besides, innovations in pipeline coatings enhance corrosion resistance, extending the lifespan of pipelines and reducing the need for maintenance. Nano-coatings and advanced materials deliver enhanced protection against environmental factors. Digital twin technology makes virtual replicas of physical pipelines, including real-time data.
Moreover, operators can use digital twins for simulations, monitoring, and predictive analysis to optimize pipeline performance and address potential issues. In addition to that, pipeline systems are adapting to transport biogas and other renewable gases. This involves considering different gas compositions and adjusting materials and processes accordingly. Hence, the technological advances in pipeline transportation will boost the growth of the market during the forecast period.
Smart pigs are sophisticated devices used in the oil and gas industry to inspect and assess the condition of pipelines. Smart pigging helps to catch defects, corrosion, and other problems that could lead to spills or leaks, thereby improving environmental protection and public safety. Smart pigs are equipped with sensors and data recording capabilities, allowing them to gather detailed information about the pipeline condition.
Moreover, data collected by smart pigs can be incorporated into SCADA systems for comprehensive monitoring. The data obtained from smart pigging can be integrated into digital twin models, permitting for a comprehensive digital representation of the pipeline. This supports simulation, predictive analytics, and overall asset management. Therefore, the emergence of smart pigging and inspection tools will drive the growth of the market during the forecast period.
SCADA systems are used to monitor and control pipeline operations. Vulnerabilities in SCADA systems can be used by malicious actors to disrupt operations or achieve unauthorized access. Ransomware attacks, where cybercriminals encrypt essential data and demand a ransom for its release, can lead to disturbances in pipeline operations, impacting scheduling, monitoring, and communications. Cyber-espionage activities involve unauthorized access to sensitive information, while sabotage attempts may aim to disrupt operations or cause damage.
Furthermore, rapid detection and response to cybersecurity incidents are essential to mitigate the impact. Effective incident response plans are necessary to undervalue downtime and protect sensitive information. Regular data backup and recovery measures are important for restoring systems in the event of a cyber incident. Hence, the presence of cybersecurity threats may impede the growth of the market during the forecast period.
The transmission segment will account for a major share of the market's growth during the forecast period.?Natural gas transmission pipelines form a crucial part of the energy infrastructure in the US. These pipelines transport natural gas from production areas to distribution centers, power plants, industrial facilities, and residential areas. The US has an extensive network of interstate natural gas pipelines that facilitate the movement of natural gas across state lines. These pipelines connect major production regions, such as the Marcellus Shale and the Permian Basin, to consumption centers.
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The transmission segment was valued at USD 27.42 billion in 2018. Refined product pipelines connect refineries to key distribution points and transportation hubs, ensuring a steady and reliable supply to meet consumer demand. Moreover, pipelines are utilized for the transportation of Liquid Petroleum Gas (LPG), commonly known as propane and butane, from production facilities to storage terminals and distribution points. Consequently, the use of pipeline transmission offers several advantages, including cost efficiency, reliability, and a reduced environmental footprint, which will drive the growth of the transmission segment and boost the US - pipeline transportation market during the forecast period.
Based on application, the market has been segmented into oil and gas, chemical and petrochemical, and others. The oil and gas?segment will account for the largest share of this segment.?Pipelines are used to transport crude oil from oil production fields to refineries. The US has an extensive network of natural gas pipelines that transport natural gas from production areas to distribution centers, power plants, industrial facilities, and residential areas. Furthermore, pipeline networks are interconnected to ensure a seamless flow of oil and gas products across regions. This interconnected infrastructure enhances the flexibility and reliability of the overall pipeline system. Thus, such factors will drive the growth of the US - pipeline transportation market during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
Cheniere Energy Inc., Chevron Corp., ConocoPhillips Co., Enbridge Inc., Energy Transfer LP, Enterprise Products Partners LP, Equinor ASA, Kinder Morgan Inc., Marathon Petroleum Corp., ONEOK Inc., Phillips 66, Plains All American Pipeline L.P., Sempra Energy, TC Energy, The Williams Co. Inc., and Valero Energy Corp.
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The US pipeline transportation market report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
US Pipeline Transportation Market Scope |
|
Report Coverage |
Details |
Page number |
148 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 2.51% |
Market Growth 2024-2028 |
USD 9.60 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
2.39 |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
American Electric Power Company Inc., Cheniere Energy Inc., Chevron Corp., ConocoPhillips Co., Enbridge Inc., Energy Transfer LP, Enterprise Products Partners LP, Equinor ASA, Kinder Morgan Inc., Marathon Petroleum Corp., ONEOK Inc., Phillips 66, Plains All American Pipeline L.P., Sempra Energy, TC Energy, The Williams Co. Inc., and Valero Energy Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Market Segmentation by Service
9 Customer Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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