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North America Virtual Pipeline Market Trends

Report ID: GMI9648
Published Date: May 2024
Report Format: PDF

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North America Virtual Pipeline Market Trends

The Virtual Pipeline system has emerged as a pivotal solution in North America's energy landscape, catering to the evolving demands of remote locations, decentralized energy distribution, and environmental concerns. As traditional pipeline infrastructures face challenges such as geographical limitations, regulatory hurdles, and high capital investments, the Virtual Pipeline offers a flexible and efficient alternative. The growing focus on sustainability and reducing carbon footprints are leveraging renewable energy, such as solar and wind, to power the compression and transportation processes of the Virtual Pipeline. This not only reduces operational costs but also aligns with the region's shifting energy paradigm towards cleaner alternatives.

Advancements in technology are driving efficiency and reliability improvements in Virtual Pipeline operations. Automation, remote monitoring, and predictive maintenance solutions are being adopted to optimize asset utilization, minimize downtime, and ensure safe and continuous operations. Real-time data analytics and artificial intelligence are also being utilized to optimize routing, scheduling, and inventory management, further enhancing efficiency, and reducing costs.

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

North America virtual pipeline market size was USD 1 billion in 2023 and is expected to register 5.4% CAGR from 2024-2032 owing to the increasing demand for natural gas as a cleaner alternative to traditional fuels, driving the adoption of virtual pipelines in the region.

North America virtual pipeline market from the LNG segment and is expected 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.

The U.S. virtual pipeline industry is expected to surpass USD 1.33 billion by 2032 due to the government prioritizing infrastructure development through various initiatives, including the Bipartisan Infrastructure Law.

Aggreko, GasGrows Solutions Private Limited, Gáslink - Gás Natural, S.A., Hexagon Agility, Kinder Morgan, NG Advantage LLC., Petroliam Nasional Berhad (PETRONAS), Snam SPA, Stabilis Solutions, Inc., and Xpress Natural Gas, are some of the major virtual pipeline companies from North America.