Market Snapshot:
Pipeline transportation a mode of transportation in which liquid, gaseous or solid products are moved over long distances through pipelines. Pipeline transportation is used mainly for conveying natural gas, petroleum, and solid materials. Further, it is useful for transporting water for drinking or irrigation over long distances when it needs to move over hills, or where canals or channels are poor choices owing to considerations of evaporation, pollution, or environmental impact. Pipeline transportation is a progressive and economically beneficial mode of transportation. Moreover, the pipeline transportation is characterized by its flexibility, the lack of freight losses in transit, complete modernization and automation of labor concentrated loading & unloading operations and recovery of packaging.
Segment Analysis
AMA Research have segmented the market of Global Pipeline Transportation market by Type, Application and Region. On the basis of Type, Oil and Gas are dominating the market in the year 2020 where as Water stood as second largest market share.
On the basis of geography, the market of Pipeline Transportation 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 Trend
Safe and Economical Transportation System
Market Drivers
Increase in Oil Demand and Growing Need for Secure and Reliable Connectivity
Opportunities
Increasing Demand for Secured Midstream Solutions
Restraints
- Initial Cost of Laying Pipelines is High
In addition to the aforementioned factor, Increase in Oil Demand
is expected to propel the growth of the market over the forecast period.
The key Manufacturers profiled in the study are ABB (Switzerland), Emerson Electric Co. (United States), Schneider Electric (France), Siemens (Germany), ESRI (United States), FMC Technologies (United States), Rockwell Automation, Inc. (United States), Trimble Navigation Limited (United States), IDS GmbH (Germany) and Baker & O'Brien (United States). A lot of United States players are profiled in the research study indicating a strong market dependence.