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.
The article cited AMA's "Global Pipeline Network Market Study" explored CAGR of 7.1%. According to the report, Increasing Adoption of Big Data and Analytics Trends Globally
is one of the primary growth factors for the market. Surging Demand for Oil and Gas From Developing Countries
is also expected to contribute significantly to the Pipeline Network market. Overall, Pipeline Monitoring
applications of Pipeline Network, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Offering Type, such as Solutions, is boosting the Pipeline Network market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The End Use Industry, such as Oil and Gas Industry, is boosting the Pipeline Network market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Content Type, such as Liquid Pipeline, is boosting the Pipeline Network market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Pipeline Network market identified that the demand is rising in many different parts of the world as "Digital Transformation in Oil and Gas Industry by Key Market Players across the World
". Furthermore, some recent industry insights like "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." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Pipeline Network market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Pipeline Network market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall market size is calculated using market estimation process, the market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the market size has been validated using both top-down and bottom-up approaches.