North America Virtual Pipeline Market Analysis

North America Virtual Pipeline Market Analysis

To get key market trends

  Download Free Sample

Based on fuel, LNG segment is poised to cross USD 974.9 million by 2032 due to the growing demand for cleaner energy solutions, increasing LNG infrastructure investments, and expanding applications across various sectors. As concerns over climate change escalate and environmental regulations tighten, there is a growing shift away from fossil fuels like coal and oil towards cleaner alternatives. LNG, being cleaner burning compared to traditional fuels, is increasingly favored as an attractive option to reduce greenhouse gas emissions and air pollution.
 

Based on mode of transportation, North America Virtual Pipeline Market from truck segment is anticipated to grow with CAGR of more than 4.8% by 2032 due to the flexibility and accessibility that it offers in transporting LNG. Trucks can deliver LNG to locations that are not serviced by traditional pipeline infrastructure, including remote areas, industrial sites, and off-grid power plants. This flexibility is crucial for meeting the energy needs of regions with limited access to other forms of energy distribution. As more LNG refueling stations are established, the feasibility and attractiveness of using LNG-powered trucks increase. This infrastructure development reduces the logistical challenges associated with LNG transportation and supports the growth of the truck segment.
 

U.S. is anticipated to surpass USD 1.33 billion by 2032 since the U.S. government has been prioritizing infrastructure development through various initiatives, including the Bipartisan Infrastructure Law. These investments are aimed at modernizing transportation networks, enhancing digital infrastructure, and upgrading utilities. Improved infrastructure facilitates smoother business operations, reduces costs, and attracts domestic and international investments, fueling economic expansion.