Gas Pipeline Infrastructure Market Analysis, Industry Trends, Forecast by 2024
Date: 2018-11-12   Author: Rahul Sankrityayan  Category: #news

Gas Pipeline Infrastructure Market Analysis, Industry Trends, Forecast by 2024

Gas Pipeline Infrastructure Market is set to surpass USD 2 trillion by 2024. Rising number of unconventional gas reserves discoveries along with growing gas-fired power plant will stimulate the gas pipeline infrastructure market growth. As per the Energy Information Administration (EIA), the shale gas production was 10.4 Trillion Cubic Feet (Tcf) in 2012 which has increased to 15.2 Tcf in 2015. Paradigm shift towards natural gas across the end users will further propel the industry outlook.

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Italy gas pipeline infrastructure market is anticipated to witness significant growth on account of growing investments toward the development of offshore transmission links to cross border transactions will positively influence the business landscape. In April 2016, Saipem announced to install an offshore 105 km of 36" gas pipeline between coastlines of Albania and Italy as a part of the Trans Adriatic Pipeline project.

Rising demand of energy across the developing nations subjected to rapid urbanization and evolving substructure will embellish the industry outlook. Increasing development has led exponential growth of cross border imports and exports through pipeline networks. As per the EIA, the natural gas production of Russia is projected to grow on an average by 1.4% per year from 2012 to 2040, supported by growing exports to both Asia and Europe. Growing need for the development of existing pipeline network to suffice the increasing demand will further complement the gas pipeline infrastructure market size.

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Gradual decommissioning of existing transport routes coupled with high investments to refurbish it with new efficient conduits will positively impact the UK gas pipeline infrastructure market growth. In 2016, the UK Infrastructure and Projects Authority announced its plan to invest over USD 7.6 billion across approximately 13 gas transmission and distribution projects in the country. Increasing number of connected end users along with positive outlook towards hydrocarbon trade with nearby nations will further drive the business growth.

Increasing production of unconventional resources along with strict government norms and regulations toward use of low emission fuel will augment the U.S. gas pipeline infrastructure market growth. Ongoing expansion of current pipeline networks owing to growing demand for exports will further stimulate the industry landscape. In 2017, the EIA announced that natural gas production is expected to hold approximately 40% of the overall energy production by 2020.

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Algeria is predicted to expand over 6% by 2024. Ongoing administration funding for the expansion of the national T&D networks will positively impact the gas pipeline infrastructure market size. In 2016, Sonatrach, an Algerian government owned oil & gas company announced to invest USD 3.2 billion over next four years to boost the pipeline capacity.

Key players in the gas pipeline infrastructure market include Europipe, Gazprom, Snam Rete, Enbridge, APA Group, GAIL India, Perusahaan Gas Negara, Engas, Saipem, and National Oilwell Varco.

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Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for AlgosOnline, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in t...

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