Global Natural Gas Pipeline Market 2016-2020
About Natural Gas Pipeline Market
The global natural gas pipeline market covers and analyzes the potential of pipeline systems that transport natural gas from the wellhead of upstream production areas to city gas distribution networks. The market covers only pipelines that transport natural gas and not liquefied petroleum gas, natural gas liquids (NGL), and/or other gases.
Technavio’s analysts forecast the global natural gas pipeline market to grow at a CAGR of 0.205% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global natural gas pipeline market for 2016-2020. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the top vendors operating in the market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Natural Gas Pipeline Market 2016-2020
Technavio recognizes the following companies as the key players in the global natural gas pipeline market: ABB, GE Oil & Gas, Saipem, Technip, Enterprise Product Partners, and BP.
Other Prominent Vendors in the market are: Bharat Petroleum, Cairn, Caspian Pipeline Consortium, China National Petroleum, Inter Pipeline, MOL, 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.
Commenting on the report, an analyst from Technavio’s team said: “The current economic scenario is marked by significant collaboration between global economic powers. The global economic bandwagon, with its tow of energy-hungry developing nations, cannot rule out the energy security crises sprouting up. Therefore, one of the most positive trends that have emerged out of the historical picture is the rising collaboration between nations to share the energy resources. More and more nations are pooling in their resources and signing joint-development pacts for the planning and implementation of oil and gas pipelines.”
According to the report, one of the most important questions facing the development of any new gas or broader hydrocarbon reserves is the connectivity to the consumer markets. With the inherent limitations and the risks associated with the other transportation methods, pipelines have evolved as the most opted solution. The most important factor that favors natural gas pipelines over sea-going LNG tankers is the increasing remoteness of the next-generation reservoirs that might be far inlands. Unlike crude oil, natural gas has only two viable means of transportation, pipelines or LNG tankers. The need for humongous resource for setting up of LNG facilities is likely to driver the players to opt for pipelines.
Further, the report states that high vulnerability of natural occurrences will be a challenge for the market. The current global economic horizon has been marred by a debate regarding the balance between industrialization and environment. The results of the past decade of industrialization have provided us significant insights regarding the natural perils that can affect industries. The risks associated with the pipeline infrastructure integrity arising from the natural elements are significantly high.
ABB, GE Oil & Gas, Saipem, Technip, Enterprise Product Partners, BP, Bharat Petroleum, Cairn, Caspian Pipeline Consortium, China National Petroleum, Inter Pipeline, MOL, 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.