Virtual Pipeline System Market Scope
Virtual pipeline systems are the systems that involve shipments of gas that are transported either overland in holders by rail or road, or by water in maritime or seaside tankers and canal boats. These systems can supply natural gas to businesses, power age plants and private clients that fail to gain a stake in pipeline development due to geological constraints or too small for typical LNG substantial scale carriers. However, these are accessible by road, rail or sea. Over the coming years, the demand for virtual pipeline system is expected to increase significantly in the transportation sector, owing to growing government regulations for emission control.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | General Electric (United States), Hexagon Composites ASA (Norway), Luxfer Holdings PLC (United Kingdom), Galileo Technologies S.A.(Argentina), Pentagon Energy LLC (United States), LightSail Energy (United States), Cimarron Composites (United States), Xpress Natural Gas LLC (United States), NG Advantage LLC (United States) and Compass Natural Gas (United States) |
CAGR | 6.2% |
The market is fragmented with key players in the Virtual pipeline systems market are expected to benefit from the formation of strategic alliances with midstream companies. Several energy and gas companies are focusing on growth strategies that reinforce low-carbon, greener economies across the globe. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Virtual Pipeline System market throughout the predicted period.
General Electric (United States), Hexagon Composites ASA (Norway), Luxfer Holdings PLC (United Kingdom), Galileo Technologies S.A.(Argentina), Pentagon Energy LLC (United States), LightSail Energy (United States), Cimarron Composites (United States), Xpress Natural Gas LLC (United States), NG Advantage LLC (United States) and Compass Natural Gas (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Broadwind Energy, Inc.(United States), REV LNG, LLC (United States) and Global Partners LP (United States).
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 the total available market.
Segmentation Overview
The study have segmented the market of Global Virtual Pipeline System market by Type , by Application (Industrial, Transportation, Commercial and Residential) and Region with country level break-up.
On the basis of geography, the market of Virtual Pipeline System 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).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In November 2023, Fluence Energy and Emerson Electric announce a strategic partnership to develop and commercialize virtual pipeline solutions for renewable energy projects. This partnership leverages Fluence's energy storage expertise with Emerson's automation technology.
In October 2023, Petrostream Solutions acquires FlowNet Technologies, a developer of software for virtual pipeline management. This acquisition strengthens Petrostream's position in the energy sector and expands its portfolio of virtual pipeline solutions.
Influencing Trend:
Aging Natural Gas Infrastructure and Utilizing Cleaner Options over Non-Renewable Energy Sources Forming a Vital Part of the Development of the Territorial Market
Market Growth Drivers:
Strict Regulations Regarding Environmental Emission, Expansion of the Pipeline Industry and Escalating Demand for Transportation of Energy Resources
Challenges:
Cost Factor Associated in Setting up Virtual Pipeline System
Restraints:
Risk Involved With Opened or Leaked Pressurized Container of Liquefied Petroleum Gas
Opportunities:
Growing Production of Natural Gas and its Wide Variety of Applications and Extensive Demand for Virtual Pipeline Systems in the Fertilizer and Power Generation Industries
Key Target Audience
Virtual Pipeline Systems Manufacturers, Virtual Pipeline Systems Distributors/Traders/Wholesalers, Virtual Pipeline Systems Subcomponent Manufacturers, Industry Association and Downstream Vendors