Virtual Pipeline Systems Market
Virtual Pipeline Systems Market (Application: Industrial, Transportation, and Commercial & Residential) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027
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Global Virtual Pipeline Systems Market: Snapshot
Virtual pipeline systems are arranged shipments of gas from one point to another, either overland in containers by rail or road, or by water, in ocean-going or coastal tankers and barges. Virtual pipeline systems supply natural gas to industries that are either too geographically challenging to justify an investment in pipeline construction or too small for normal LNG large-scale carriers. Virtual pipeline systems supply natural gas to industries, electricity generation plants, and commercial & residential customers almost anywhere that are accessible by road or sea. According to the research report, the global virtual pipeline systems market is likely to be worth US$ 2,123.9 Mn by the end of 2027 from US$ 1,205.0 Mn in 2018. Between the forecast years of 2019 and 2027, the global market is expected to surge at a CAGR of 6.5%.
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Industrial Segment to Lead the Way with Varying Applications
The virtual pipeline systems market has been segmented on the basis of application and region. By application, the virtual pipeline systems market has been segregated into industrial, transportation, and commercial & residential. In terms of value, the industrial segment constituted more than 50% market share in 2018. It is further divided into sectors such as fertilizers, power generation, and other sectors that consistently in need of natural gas for smooth operations. On the other hand, the transportation segment includes automobiles, which use natural gas. The demand for natural gas-run automobiles is expected to remain are high as regulations regarding emissions are getting stricter. Implementation of government norms and laws to cut down greenhouse gases is projected to have positive impact on this segment in the forthcoming years. The commercial and residential segment require natural gas for cooling, space heating, and small scale power generation.
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In terms of region, the virtual pipeline systems market has been classified into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. In 2018, North America dominated the virtual pipeline systems market with more than 40% share and is expected to follow the same trend during the forecast period. Asia Pacific is expected to follow this dominance closely in the coming years as China’s economy gains momentum. The sprawling network of virtual pipelines across the country due to extensive network of CNG stations are expected to put Asia Pacific virtual pipeline systems on the map.
Developing Economies to Positively Influence Global Virtual Pipeline Systems Market as Demand for Cleaner Fuels Remains High
Furthermore, as developing countries such as India and China work towards achieving a cleaner environment, they are likely to be key users of natural gas. This emerging trend is expected to help Asia Pacific expand at a significant rate during the forecast period. The growing inclination toward using cleaner alternatives than fossil fuels is expected to play an important role in the growth of the regional market. The rising investments in natural gas in the developing economies of Asia Pacific is also expected to have a major influence on the overall market.
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Key Players in the Global Virtual Pipeline Systems Market
Key players in the virtual pipeline systems market are expected to benefit from the formation of strategic alliances with midstream companies. Key players in the Virtual pipeline systems market include
- General Electric
- Hexagon Composites ASA
- Luxfer Holdings PLC
- Galileo Technologies S.A.
- Pentagon Energy LLC
- LightSail Energy
- Cimarron Composites, SUB161°
- Xpress Natural Gas LLC
- NG Advantage LLC
- Compass Natural Gas
- Broadwind Energy, Inc.
- REV LNG, LLC
- Global Partners LP,
Global Virtual Pipeline Systems Market: Recent Developments
- In October 2019, Gas Malaysia Virtual Pipeline Sdn Bhd (GMVP) signed a gas purchase agreement with Kulim Green Energy Ventures Sdn Bhd - a joint-venture company between Kulim (M) Bhd), O’Rec IND Sdn Bhd, and MTC Engineering Sdn Bhd. As per the contract GMVP would procure biomethane from Kulim Green Energy for injection into Gas Malaysia’s Natural Gas Distribution System (NGDS) network. Biomethane would be obtained from palm oil mill effluent and upgraded to a specification similar to natural gas available in the NGDS network.
Virtual Pipeline Systems Market – Scope of the Report
Transparency Market Research’s recent report on the global virtual pipeline systems market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the global virtual pipeline systems market analyzes the market scenario for the period from 2018 to 2027, wherein 2018 is the base year. This report enables readers to make important decisions with regard to their business, with the help of a wealth of information enclosed in the study.
This TMR study on the global virtual pipeline systems market also provides data on developments made by important players and stakeholders operating in the market, along with competition analysis. The report also provides an understanding of strengths, weaknesses, threats, and opportunities, along with market trends and restraints in the competition landscape section.
This study also discusses the underlying trends and the impact of various factors on the global virtual pipeline systems market along with their influence on evolution of the market
This study also offers Porter’s five forces analysis, value chain analysis, and regulatory scenario of the global virtual pipeline systems market, in order to elaborate crucial growth strategies of and opportunities for players operating in the market
Key Questions Answered in Global Virtual Pipeline Systems Market Report
- How much value does the global virtual pipeline systems market is expected to reach by the end of the forecast period?
- Which segment currently account for the maximum share of the global virtual pipeline systems market?
- What are the key factors expected to drive the global virtual pipeline systems market?
- Which region is likely to be a lucrative market for virtual pipeline systems during the forecast period?
- What are the essential strategies adopted by key players operating in the global virtual pipeline systems market to expand their geographical presence?
- What are major advancements in the global virtual pipeline systems market?
This report answers these questions about the global virtual pipeline systems market, aiding major stakeholders and key players in making the right decisions and strategizing for growth of their business
Global Virtual Pipeline Systems Market: Research Methodology
This TMR report on the global virtual pipeline systems market is based on a complete and comprehensive evaluation of the market, backed by secondary and primary sources. The competition scenario of the global virtual pipeline systems market is supported by an assessment of different factors that influence the market on a minute and granular level. By thoroughly analyzing the historical data and the current trends, researchers of the global virtual pipeline systems market arrived at predictions and estimations, and calculated the market forecast.
This report uses an analytical triangulation method to estimate the numbers of the global virtual pipeline systems market, by using both bottom-up and top-down approaches
This detailed assessment of the global virtual pipeline systems market, along with an overview of the market, is provided based on a careful examination of avenues related to the market. Analysts’ conclusions on how the global virtual pipeline systems market is set to expand are based on carefully vetted primary and secondary sources.
Global Virtual Pipeline Systems Market: Segmentation
This report on the global virtual pipeline systems market provides segmentation of the market based on application and region