Pipeline Network Market Scope
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 2026.
Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Pipeline Network market throughout the predicted period.
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) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Wipro (India), Moxa (Taiwan), OptaSense (United Kingdom), Necon Group (Qatar), Sensornet (United Kingdom), Open Access Technology International (United States) and KROHNE Group (Germany).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Pipeline Network market , by Application (Pipeline Monitoring and Pipeline Operation Optimization) and Region with country level break-up.
On the basis of geography, the market of Pipeline Network has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
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.
Market Trend
- Increasing Adoption of Big Data and Analytics Trends Globally
- The Advent of the Internet of Things (IoT) and Artificial Intelligence Technology
Market Drivers
- Surging Demand for Oil and Gas From Developing Countries
- Increasing Demand for Commercial Off-The-Shelf Technology
Opportunities
- 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
Restraints
- High Maintenance and Implementation Cost
- Complex and Scattered Facilities
Challenges
- Increasing Need to Comply With Changing Regulations
- Security Concerns Due to Multisite Facilities
- Political Instability Specifically in Middle Eastern and African Regions
Key Target Audience
Pipeline Network Provider Companies, Component Manufacturers, Distributors, Suppliers, Oil & Gas Exploration Companies, Government and Private Organizations and Others