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Industrial Virtual Pipeline Market Trends

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

Industrial Virtual Pipeline Market Trends

The integration of advanced technologies in compression, storage, and transportation is significantly enhancing the efficiency and safety of virtual pipelines. Innovations in high-pressure storage systems and lightweight, durable materials are enabling the transport of larger volumes of gas more safely and cost-effectively. Moreover, real-time monitoring and control systems, utilizing IoT and AI, are being deployed to ensure optimal performance, reduce risks, and improve operational efficiency. As environmental concerns intensify and regulations become stricter, industries are increasingly shifting towards cleaner energy sources like natural gas.
 

Virtual pipelines provide a viable solution for industries in remote locations or those lacking access to traditional pipeline infrastructure. This shift is being driven by both economic benefits, such as lower operational costs and greater energy efficiency, and environmental incentives, including reduced carbon emissions and compliance with sustainability goals. The market is witnessing significant growth in emerging economies, particularly in regions like Asia-Pacific, Latin America, and Africa. These areas are characterized by expanding industrialization and urbanization, leading to increased energy demands.

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.

Industrial Virtual Pipeline Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 13
  • Tables & Figures: 125
  • Countries covered: 18
  • Pages: 110
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