Global Pipeline Network Market Overview:
Pipeline network, a collection of various elements includes pipes, pumps, valves, compressors, tanks among others are interconnected in a specific way. As the demand for natural gas increases over the last decade, this means that the pipeline infrastructure development companies are constantly assessing the flow of natural gas across the world. The high consumption in fast-growing Asian nations and supported by the continued development of international gas trade. Increasing awareness about safe transportation of oil and gas products has encouraged oil producers to embrace technological assistance for pipeline operations across the globe. According to AMA, the Global Pipeline Network market is expected to see growth rate of 7.1% and may see market size of USD11.98 Billion by 2024.
- Surging Demand for Oil and Gas From Developing Countries
- Increasing Demand for Commercial Off-The-Shelf Technology
- Increasing Adoption of Big Data and Analytics Trends Globally
- The Advent of the Internet of Things (IoT) and Artificial Intelligence Technology
- High Maintenance and Implementation Cost
- Complex and Scattered Facilities
- Digital Transformation in Oil and Gas Industry by Key Market Players across the World
- Increasing Security and Mandatory Regulations for Pipeline Network
- Increasing Need for Maintaining Quality of Experience and Quality of Service of Pipeline Transportation
- Increasing Need to Comply With Changing Regulations
- Security Concerns Due to Multisite Facilities
- Political Instability Specifically in Middle Eastern and African Regions
Some of the key players profiled in the report are Honeywell International Inc. (United States), GE (United States), Huawei (China), ABB (Switzerland), Siemens (Germany), Emerson (United States), Rockwell Automation (United States), Cisco Systems (United States), ORBCOMM (United States), Pure Technologies (Canada), Hitachi (Japan), Schneider Electric (France) and PSI Software (Germany). Additionally, following companies can also be profiled that are part of our coverage like Wipro (India), Moxa (Taiwan), OptaSense (United Kingdom), Necon Group (Qatar), Sensornet (United Kingdom), Open Access Technology International (United States) and KROHNE Group (Germany). Analyst at AdvanceMarketAnalytics see United States Manufacturers to retain maximum share of Global Pipeline Network market by 2024. Considering Market by Offering Type, the sub-segment i.e. Solutions will boost the Pipeline Network market. Considering Market by End Use Industry, the sub-segment i.e. Oil and Gas Industry will boost the Pipeline Network market. Considering Market by Content Type, the sub-segment i.e. Liquid Pipeline will boost the Pipeline Network market.
In May 2019, Honeywell partnered with Venture Global LNG, where Honeywell UOP is helping Venture Global LNG build a facility that provides the lowest-cost supply of Liquefied Natural Gas (LNG) using large-scale high-performance equipment.
In May 2019, ABB launched a cloud-based SCADA system and virtualization system for offshore oil well drilling machines. This cloud-based visualisation system enables the small scale operators to gather insights about their onshore oil well drillings remotely similar to the big organisations without investing for the full on-premise SCADA system.
In the United States, the production and delivery system natural gas is subject to significant regulation from a number of regulatory bodies such as FERC, the Department of Energy (DOE), the Department of Transportation (DOT) and the state regulatory bodies. In brief, under the current regulatory framework, pipelines and LDCs are heavily regulated with respect to the services it offers. Interstate pipeline companies, which can serve only as a transporter of natural gas are regulated by FERC in the rates they charge, the access they offer to the pipelines and the setting and construction of the new pipeline.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Pipeline Network market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Pipeline Network market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Pipeline Network Provider Companies, Component Manufacturers, Distributors, Suppliers, Oil & Gas Exploration Companies, Government and Private Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.