US - Pipeline Transportation Market by Type, Application and Service - Forecast and Analysis - 2024-2028
| Published: Dec 2023 | Pages: 148 | SKU: IRTNTR76980 |
US Pipeline Transportation Market Forecast 2024-2028
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.
What will be the size of the US Pipeline Transportation Market During the Forecast Period?
Pipeline Transportation Market in US Forecast 2024-2028
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US Pipeline Transportation Market Dynamic
Driver- Technological advancements in pipeline transportation
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.
Trends- Emergence of smart pigging and inspection tools
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.
Challenge- Cybersecurity threats
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.
US Pipeline Transportation Market Segmentation by Type, Application, and Service
Type Segment Analysis
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.
Application Segment Analysis
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.
Who are the Major US Pipeline Transportation Market Companies?
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.
- American Electric Power Company Inc.: The company offers pipeline transportation such as loop pipeline and cushion gas in the reservoir that is used to maintain geological structural integrity and to provide necessary pressure to withdraw working gas for sale and transport.
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.
Segment Overview
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.
- Type Outlook
- Transmission
- Distribution
- Gathering
- Feeder
- Application Outlook
- Oil and gas
- Chemical and petrochemical
- Others
- Service Outlook
- Maintenance and support service
- Consulting service
- Managed service
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US Pipeline Transportation Market Scope |
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Report Coverage |
Details |
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Page number |
148 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 2.51% |
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Market Growth 2024-2028 |
USD 9.60 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
2.39 |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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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. |
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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. |
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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. |
What are the Key Data Covered in this US Pipeline Transportation Market Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the US pipeline transportation market between 2024 and 2028
- Precise estimation of the US pipeline transportation market size and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the market across US
- A thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the growth of US pipeline transportation market companies
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1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Service
- Exhibit 07: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 08: Parent market
- Exhibit 09: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 10: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 11: Market segments
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Exhibit 12: Chart on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 13: Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 14: Chart on US: Year-over-year growth 2023-2028 (%)
- Exhibit 15: Data Table on US: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Pipeline transportation market in US 2018 - 2022
- Exhibit 16: Historic Market Size – Data Table on pipeline transportation market in US 2018 - 2022 ($ billion)
- 4.2 Type Segment Analysis 2018 - 2022
- Exhibit 17: Historic Market Size – Type Segment 2018 - 2022 ($ billion)
- 4.3 Application Segment Analysis 2018 - 2022
- Exhibit 18: Historic Market Size – Application Segment 2018 - 2022 ($ billion)
- 4.4 Service Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size – Service Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 20: Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Exhibit 21: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Exhibit 22: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Exhibit 23: Threat of new entrants – Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Exhibit 24: Threat of substitutes – Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Exhibit 25: Threat of rivalry – Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Exhibit 26: Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Type
- 6.1 Market segments
- Exhibit 27: Chart on Type - Market share 2023-2028 (%)
- Exhibit 28: Data Table on Type - Market share 2023-2028 (%)
- 6.2 Comparison by Type
- Exhibit 29: Chart on Comparison by Type
- Exhibit 30: Data Table on Comparison by Type
- 6.3 Transmission - Market size and forecast 2023-2028
- Exhibit 31: Chart on Transmission - Market size and forecast 2023-2028 ($ billion)
- Exhibit 32: Data Table on Transmission - Market size and forecast 2023-2028 ($ billion)
- Exhibit 33: Chart on Transmission - Year-over-year growth 2023-2028 (%)
- Exhibit 34: Data Table on Transmission - Year-over-year growth 2023-2028 (%)
- 6.4 Distribution - Market size and forecast 2023-2028
- Exhibit 35: Chart on Distribution - Market size and forecast 2023-2028 ($ billion)
- Exhibit 36: Data Table on Distribution - Market size and forecast 2023-2028 ($ billion)
- Exhibit 37: Chart on Distribution - Year-over-year growth 2023-2028 (%)
- Exhibit 38: Data Table on Distribution - Year-over-year growth 2023-2028 (%)
- 6.5 Gathering - Market size and forecast 2023-2028
- Exhibit 39: Chart on Gathering - Market size and forecast 2023-2028 ($ billion)
- Exhibit 40: Data Table on Gathering - Market size and forecast 2023-2028 ($ billion)
- Exhibit 41: Chart on Gathering - Year-over-year growth 2023-2028 (%)
- Exhibit 42: Data Table on Gathering - Year-over-year growth 2023-2028 (%)
- 6.6 Feeder - Market size and forecast 2023-2028
- Exhibit 43: Chart on Feeder - Market size and forecast 2023-2028 ($ billion)
- Exhibit 44: Data Table on Feeder - Market size and forecast 2023-2028 ($ billion)
- Exhibit 45: Chart on Feeder - Year-over-year growth 2023-2028 (%)
- Exhibit 46: Data Table on Feeder - Year-over-year growth 2023-2028 (%)
- 6.7 Market opportunity by Type
- Exhibit 47: Market opportunity by Type ($ billion)
- Exhibit 48: Data Table on Market opportunity by Type ($ billion)
7 Market Segmentation by Application
- 7.1 Market segments
- Exhibit 49: Chart on Application - Market share 2023-2028 (%)
- Exhibit 50: Data Table on Application - Market share 2023-2028 (%)
- 7.2 Comparison by Application
- Exhibit 51: Chart on Comparison by Application
- Exhibit 52: Data Table on Comparison by Application
- 7.3 Oil and gas - Market size and forecast 2023-2028
- Exhibit 53: Chart on Oil and gas - Market size and forecast 2023-2028 ($ billion)
- Exhibit 54: Data Table on Oil and gas - Market size and forecast 2023-2028 ($ billion)
- Exhibit 55: Chart on Oil and gas - Year-over-year growth 2023-2028 (%)
- Exhibit 56: Data Table on Oil and gas - Year-over-year growth 2023-2028 (%)
- 7.4 Chemical and petrochemical - Market size and forecast 2023-2028
- Exhibit 57: Chart on Chemical and petrochemical - Market size and forecast 2023-2028 ($ billion)
- Exhibit 58: Data Table on Chemical and petrochemical - Market size and forecast 2023-2028 ($ billion)
- Exhibit 59: Chart on Chemical and petrochemical - Year-over-year growth 2023-2028 (%)
- Exhibit 60: Data Table on Chemical and petrochemical - Year-over-year growth 2023-2028 (%)
- 7.5 Others - Market size and forecast 2023-2028
- Exhibit 61: Chart on Others - Market size and forecast 2023-2028 ($ billion)
- Exhibit 62: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
- Exhibit 63: Chart on Others - Year-over-year growth 2023-2028 (%)
- Exhibit 64: Data Table on Others - Year-over-year growth 2023-2028 (%)
- 7.6 Market opportunity by Application
- Exhibit 65: Market opportunity by Application ($ billion)
- Exhibit 66: Data Table on Market opportunity by Application ($ billion)
8 Market Segmentation by Service
- 8.1 Market segments
- Exhibit 67: Chart on Service - Market share 2023-2028 (%)
- Exhibit 68: Data Table on Service - Market share 2023-2028 (%)
- 8.2 Comparison by Service
- Exhibit 69: Chart on Comparison by Service
- Exhibit 70: Data Table on Comparison by Service
- 8.3 Maintenance and support service - Market size and forecast 2023-2028
- Exhibit 71: Chart on Maintenance and support service - Market size and forecast 2023-2028 ($ billion)
- Exhibit 72: Data Table on Maintenance and support service - Market size and forecast 2023-2028 ($ billion)
- Exhibit 73: Chart on Maintenance and support service - Year-over-year growth 2023-2028 (%)
- Exhibit 74: Data Table on Maintenance and support service - Year-over-year growth 2023-2028 (%)
- 8.4 Consulting service - Market size and forecast 2023-2028
- Exhibit 75: Chart on Consulting service - Market size and forecast 2023-2028 ($ billion)
- Exhibit 76: Data Table on Consulting service - Market size and forecast 2023-2028 ($ billion)
- Exhibit 77: Chart on Consulting service - Year-over-year growth 2023-2028 (%)
- Exhibit 78: Data Table on Consulting service - Year-over-year growth 2023-2028 (%)
- 8.5 Managed service - Market size and forecast 2023-2028
- Exhibit 79: Chart on Managed service - Market size and forecast 2023-2028 ($ billion)
- Exhibit 80: Data Table on Managed service - Market size and forecast 2023-2028 ($ billion)
- Exhibit 81: Chart on Managed service - Year-over-year growth 2023-2028 (%)
- Exhibit 82: Data Table on Managed service - Year-over-year growth 2023-2028 (%)
- 8.6 Market opportunity by Service
- Exhibit 83: Market opportunity by Service ($ billion)
- Exhibit 84: Data Table on Market opportunity by Service ($ billion)
9 Customer Landscape
- 9.1 Customer landscape overview
- Exhibit 85: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 86: Impact of drivers and challenges in 2023 and 2028
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 87: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 88: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 89: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 90: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 91: Matrix on vendor position and classification
- 12.3 American Electric Power Company Inc.
- Exhibit 92: American Electric Power Company Inc. - Overview
- Exhibit 93: American Electric Power Company Inc. - Business segments
- Exhibit 94: American Electric Power Company Inc. - Key offerings
- Exhibit 95: American Electric Power Company Inc. - Segment focus
- 12.4 Cheniere Energy Inc.
- Exhibit 96: Cheniere Energy Inc. - Overview
- Exhibit 97: Cheniere Energy Inc. - Product / Service
- Exhibit 98: Cheniere Energy Inc. - Key news
- Exhibit 99: Cheniere Energy Inc. - Key offerings
- 12.5 Chevron Corp.
- Exhibit 100: Chevron Corp. - Overview
- Exhibit 101: Chevron Corp. - Business segments
- Exhibit 102: Chevron Corp. - Key news
- Exhibit 103: Chevron Corp. - Key offerings
- Exhibit 104: Chevron Corp. - Segment focus
- 12.6 ConocoPhillips Co.
- Exhibit 105: ConocoPhillips Co. - Overview
- Exhibit 106: ConocoPhillips Co. - Business segments
- Exhibit 107: ConocoPhillips Co. - Key offerings
- Exhibit 108: ConocoPhillips Co. - Segment focus
- 12.7 Enbridge Inc.
- Exhibit 109: Enbridge Inc. - Overview
- Exhibit 110: Enbridge Inc. - Business segments
- Exhibit 111: Enbridge Inc. - Key offerings
- Exhibit 112: Enbridge Inc. - Segment focus
- 12.8 Energy Transfer LP
- Exhibit 113: Energy Transfer LP - Overview
- Exhibit 114: Energy Transfer LP - Product / Service
- Exhibit 115: Energy Transfer LP - Key offerings
- 12.9 Enterprise Products Partners LP
- Exhibit 116: Enterprise Products Partners LP - Overview
- Exhibit 117: Enterprise Products Partners LP - Product / Service
- Exhibit 118: Enterprise Products Partners LP - Key offerings
- 12.10 Equinor ASA
- Exhibit 119: Equinor ASA - Overview
- Exhibit 120: Equinor ASA - Business segments
- Exhibit 121: Equinor ASA - Key offerings
- Exhibit 122: Equinor ASA - Segment focus
- 12.11 Kinder Morgan Inc.
- Exhibit 123: Kinder Morgan Inc. - Overview
- Exhibit 124: Kinder Morgan Inc. - Business segments
- Exhibit 125: Kinder Morgan Inc. - Key offerings
- Exhibit 126: Kinder Morgan Inc. - Segment focus
- 12.12 Marathon Petroleum Corp.
- Exhibit 127: Marathon Petroleum Corp. - Overview
- Exhibit 128: Marathon Petroleum Corp. - Business segments
- Exhibit 129: Marathon Petroleum Corp. - Key offerings
- Exhibit 130: Marathon Petroleum Corp. - Segment focus
- 12.13 ONEOK Inc.
- Exhibit 131: ONEOK Inc. - Overview
- Exhibit 132: ONEOK Inc. - Business segments
- Exhibit 133: ONEOK Inc. - Key offerings
- Exhibit 134: ONEOK Inc. - Segment focus
- 12.14 Phillips 66
- Exhibit 135: Phillips 66 - Overview
- Exhibit 136: Phillips 66 - Business segments
- Exhibit 137: Phillips 66 - Key offerings
- Exhibit 138: Phillips 66 - Segment focus
- 12.15 Plains All American Pipeline L.P.
- Exhibit 139: Plains All American Pipeline L.P. - Overview
- Exhibit 140: Plains All American Pipeline L.P. - Business segments
- Exhibit 141: Plains All American Pipeline L.P. - Key offerings
- Exhibit 142: Plains All American Pipeline L.P. - Segment focus
- 12.16 TC Energy
- Exhibit 143: TC Energy - Overview
- Exhibit 144: TC Energy - Product / Service
- Exhibit 145: TC Energy - Key offerings
- 12.17 The Williams Co. Inc.
- Exhibit 146: The Williams Co. Inc. - Overview
- Exhibit 147: The Williams Co. Inc. - Business segments
- Exhibit 148: The Williams Co. Inc. - Key offerings
- Exhibit 149: The Williams Co. Inc. - Segment focus
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 150: Inclusions checklist
- Exhibit 151: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 152: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 153: Research methodology
- Exhibit 154: Validation techniques employed for market sizing
- Exhibit 155: Information sources
- 13.5 List of abbreviations
- Exhibit 156: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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pipeline transportation market in us market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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