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The Gas Pipeline Infrastructure Market size is projected to reach US$ 40,703.5 million by 2030 from US$ 31,782.8 million in 2022. The market is expected to register a CAGR of 3.1% in 2022–2030.
Gas Pipeline Infrastructure Market Analysis
The natural gas market is highly dynamic and requires liquidity, flexibility, and transparency to function effectively. Therefore, multiple sources of supply, multiple users, and a comprehensive infrastructure for transmission and distribution are required. The natural gas market is significantly developed in the US, Europe, and Asia Pacific, which is expected to drive the growth of the gas pipeline infrastructure with the rise in demand for gas in the future.
Gas Pipeline Infrastructure Market Overview
The gas pipeline infrastructure ecosystem includes the production phase, where natural gas is extracted from underground reservoirs. Exploration and production companies employ drilling technologies to extract raw natural gas. Once extracted, the gas is typically processed to remove impurities and then compressed for transportation. The production phase involves considerations of geological factors, extraction technologies, and environmental impact assessments. The primary players engaged in the production of natural gas are Royal Dutch Shell, ExxonMobil Corporation, Gazprom, ConocoPhillips, and TotalEnergie. The key players in the gas pipeline transmission network include Kinder Morgan Inc., Enbridge Inc., TC Energy Corporation, Pembina Pipeline Corporation, and Texas Gas Transmission LLC, among others.
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Gas Pipeline Infrastructure Market: Strategic Insights
Market Size Value in US$ 31,782.8 million in 2022 Market Size Value by US$ 40,703.5 million by 2030 Growth rate CAGR of 3.1% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Gas Pipeline Infrastructure Market: Strategic Insights
| Market Size Value in | US$ 31,782.8 million in 2022 |
| Market Size Value by | US$ 40,703.5 million by 2030 |
| Growth rate | CAGR of 3.1% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Gas Pipeline Infrastructure Market Drivers and Opportunities
Increase in energy demand across the globe is Expected to be the Prime Driver for the Gas Pipeline Infrastructure Market
The rising population and growing urbanization are a few factors boosting the consumption of energy worldwide. Natural gas has the potential application in electricity generation, which boosts its demand. Furthermore, due to the increasing energy uncertainties in Europe owing to the Russia-Ukraine war, governments of several countries are also boosting the application of natural gas. Thus, the increase in energy demand fuels the growth of the gas pipeline infrastructure market
Rise in Shale Gas Production in North America
North America has secured its position as one of the leading shale gas producers worldwide. Canada is the fifth-largest producer and fourth-largest exporter of natural gas worldwide. The main Canadian shale gas plays include the Horn River Basin and Montney shales in northeast British Columbia, the Utica Shale of Quebec, the Colorado Group of Alberta and Saskatchewan, and the Horton Bluff Shale of New Brunswick and Nova Scotia. Energy uncertainties owing to geopolitical disturbances are boosting the production of shale gas in North America, which is likely to create major opportunities for the gas pipeline infrastructure market growth in the coming years.
Gas Pipeline Infrastructure Market Report Segmentation Analysis
Key segments that contributed to the derivation of the gas pipeline infrastructure market analysis are operation, equipment, and application.
- Based on the operation, the gas pipeline infrastructure market has been divided into transmission and distribution. The distribution segment held a larger market share in 2022.
- In terms of equipment, the market has been segmented into pipeline, compressor station, metering skids, and others. The pipeline segment dominated the market in 2022.
- In terms of application, the market has been segmented into onshore and offshore. The onshore segment dominated the market in 2022.
Gas Pipeline Infrastructure Market Share Analysis by Geography
The geographic scope of the Gas Pipeline Infrastructure Market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.
North America is one of the leading gas exporters. The mounting demand for energy and the growing application of natural gas are boosting the market development of gas pipeline infrastructure in North America. In 2022, the US showcased the highest natural gas production capacity, followed by Canada and Mexico. Ixachi, Coulomb Phase 2, Quesqui, Nejo (IEPC), Leo, May, Koban, and Powerball are a few of the natural gas-producing fields in North America. The Ixachi plant is in Veracruz, Mexico, and it produced 618.09mmcfd (million cubic feet per day) in 2022. Also, the growing number of government initiatives and funding for the development of gas pipeline infrastructure is anticipated to boost the market for gas pipeline infrastructure over the forecast period.
Gas Pipeline Infrastructure Market Report Scope
Gas Pipeline Infrastructure Market News and Recent Developments
The Gas Pipeline Infrastructure Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for Gas Pipeline Infrastructure Markets market and strategies:
- On February 2023, Enagas S.A. signed an agreement with Reganosa in which Enagas paid US$ 58.14 million to Reganosa to procure a network of 130 km of natural gas pipelines. The Iberian gas market's efficient operation and supply security are dependent on this network. (Source: Enagas S.A., Press Release/Company Website/Newsletter)
- On August 2022, A strategic agreement was agreed upon by TC Energy Corp and the CFE, the state-owned electric utility in Mexico, with the aim of expediting the development of natural gas infrastructure in the central and southeast parts of the country. In connection with the natural gas pipeline assets in central Mexico, TC Energy and the CFE have decided to combine earlier take-or-pay agreements (TSAs) underwritten by TC Energy's Mexico-based subsidiary TGNH and the CFE into a single, take-or-pay agreement priced in US dollars that would run through 2055. Related new infrastructure projects that are being planned in collaboration with the CFE will also be governed by this new TSA. (Source: TC Energy, Press Release/Company Website/Newsletter)
Gas Pipeline Infrastructure Market Report Coverage and Deliverables
The “Gas Pipeline Infrastructure Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles with SWOT analysis
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Operation, Equipment, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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