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Industrial Virtual Pipeline Market Size

Report ID: GMI10144
Published Date: Jul 2024
Report Format: PDF

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Industrial Virtual Pipeline Market Size

Industrial Virtual Pipeline Market size was assessed at USD 1.21 billion in 2023 and is projected to grow at a CAGR of 5.4% between 2024 and 2032, due to the increasing demand for reliable and flexible gas supply solutions, especially in remote or off-grid industrial locations. By utilizing a network of mobile storage and transportation units, it allows industries to access natural gas and other gases without the need for traditional pipelines, thereby expanding their operational reach. Secondly, environmental concerns and regulatory pressures are pushing industries towards cleaner fuel alternatives, such as natural gas, which can be efficiently transported via virtual pipelines.

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Additionally, technological advancements in compression, storage, and monitoring systems are enhancing the safety, efficiency, and scalability of virtual pipeline infrastructure. This market growth is further supported by the expansion of industries like manufacturing, energy, and healthcare that require uninterrupted gas supply for operations. Overall, the industrial virtual pipeline industry is poised for continued expansion as industries seek cost-effective, environmentally friendly, and flexible energy solutions.

Industrial Virtual Pipeline Market Report Attributes
Report Attribute	Details
Base Year:	2023
Industrial Virtual Pipeline Market Size in 2023:	USD 1.21 Billion
Forecast Period:	2024 – 2032
Forecast Period 2024 – 2032 CAGR:	5.4%
2024 – 2032 Value Projection:	USD 1.99 Billion
Historical Data for:	2021 – 2023
No. of Pages:	110
Tables, Charts & Figures:	125
Segments covered:	Fuel, Mode of Transportation
Growth Drivers:	Ongoing energy transition Growing energy demand
Pitfalls & Challenges:	High infrastructural cost

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Supportive government policies and incentives for clean energy adoption are boosting the LNG segment. Governments worldwide are implementing measures to promote the use of LNG, including subsidies, tax benefits, and funding for LNG infrastructure development. These initiatives are encouraging industries to switch to LNG as a primary energy source.

Authors: Ankit Gupta , Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The market size of industrial virtual pipeline reached USD 1218 million in 2023 and is set to witness 5.4% CAGR from 2024 to 2032, owing to the increasing demand for reliable and flexible gas supply solutions, especially in remote or off-grid industrial locations worldwide.

Industrial virtual pipeline industry from the LNG segment is expected to cross USD 1.1 billion by 2032, due to being considered a cleaner alternative to other fossil fuels like coal and oil, which drives its adoption in various industries.

North America market is expected to exceed USD 750 million by 2032, attributed to increasing demand for natural gas as a cleaner and more efficient energy source in industrial applications, boosting the need for reliable and flexible gas transportation solutions in the region.

Aggreko, CNG Services Limited, EXXON Mobile LNG, FIBA Technologies, Inc., Greenline, Hexagon Agility, Kinder Morgan, NG Advantage LLC., PETRONAS, Stabilis Solutions, Inc., Snam SPA, and Xpress Natural Gas, are some of the industrial virtual pipeline companies worldwide.