Gas Pipeline Infrastructure Market Overview
As per MRFR analysis, the Gas Pipeline Infrastructure Market Size was estimated at 101.27 (USD Billion) in 2022. The Gas Pipeline Infrastructure Market Industry is expected to grow from 105.33(USD Billion) in 2023 to 150.0 (USD Billion) by 2032. The Gas Pipeline Infrastructure Market CAGR (growth rate) is expected to be around 4.01% during the forecast period (2024 - 2032).
Key Gas Pipeline Infrastructure Market Trends Highlighted
It is anticipated that the Gas Pipeline Infrastructure Market will undergo significant expansion for the forecast period. Key drivers such as growing demand for natural gas, increasing population, and industrialization are fueling market expansion in this respect. Energy companies and administrations are turning to the gas pipeline infrastructure in order to enhance energy security, decrease carbon footprint and cope with the growing demand for energy.
In terms of fuel gas pipeline market trends, the trend is seen towards adopting many technologies to monitor the gas network, such as monitoring from remote locations, leak detection, and automation to ensure great efficiency and safety. In addition, the trend towards making pipelines with less environmental impact is also gaining momentum as companies seek out new forms and compositions for construction processes. The incorporation of hydrogen and other forms of renewable energies into gas pipelines presents considerable market prospects.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Gas Pipeline Infrastructure Market Drivers
Increasing Demand for Natural Gas
Natural gas is a cleaner-burning fossil fuel than coal or oil, making it a more environmentally friendly option for power generation and heating. As the global population grows and economies develop, the demand for energy is increasing. This is leading to a corresponding increase in the demand for natural gas, which is expected to drive the growth of the Gas Pipeline Infrastructure Market Industry over the next ten years. In addition, natural gas is becoming increasingly important as a transportation fuel, as it can be used to power vehicles and ships.This is further contributing to the demand for natural gas and the need for new and upgraded gas pipeline infrastructure.
Aging Infrastructure
A significant part of gas pipeline infrastructure around the world has become outdated and, consequently, requires replacement. It is especially true in developed countries where many gas pipelines were constructed in the 50s-60s. Currently, as these gas pipes approach their maximum life duration, they should be replaced for future safe exploitation. For this reason, companies providing services in the field of gas pipeline infrastructure are likely to benefit from the increase in new pipeline construction and old pipeline replacement.
Technological Advancements
Technological advancements are also supporting the growth of the Gas Pipeline Infrastructure Market Industry. For example, it is now possible to build a pipeline more efficiently and cost-effectively. In addition, oil and gas companies are able to transport gas over longer distances and in more difficult environments, which is also opening up new markets for natural gas and opportunities for the companies that provide services regarding gas pipeline infrastructure.Gas Pipeline Infrastructure Market Segment Insights
Gas Pipeline Infrastructure Market Material Insights
The Gas Pipeline Infrastructure Market is segmented based on material into steel, polyethylene, fiber-reinforced plastics, and concrete. Steel is the most commonly used material for gas pipelines, accounting for over 70% of the global market in 2023. Steel pipelines are strong, durable, and relatively inexpensive to produce. They are also well-suited for high-pressure applications. Polyethylene is another popular material for gas pipelines, particularly for smaller-diameter pipelines. Polyethylene pipelines are lightweight, flexible, and resistant to corrosion.Fiber-reinforced plastics are also used for gas pipelines, offering high strength and durability. Concrete pipelines are used for large-diameter pipelines, particularly in underground applications. The market for steel pipelines is expected to register a CAGR of 3.5% from 2024 to 2032, reaching a value of USD 120 billion by 2032. The growth of the steel pipeline market is being driven by the increasing demand for natural gas, particularly in developing countries. The market for polyethylene pipelines is expected to grow at a CAGR of 4.0% from 2024 to 2032, reaching a value of USD 25 billion by 2032.The growth of the polyethylene pipeline market is being driven by the increasing demand for flexible and corrosion-resistant pipelines. The market for fiber-reinforced plastics pipelines is expected to grow at a CAGR of 4.5% from 2024 to 2032, reaching a value of USD 15 billion by 2032. The growth of the fiber-reinforced plastics pipeline market is being driven by the increasing demand for high-strength and durable pipelines. The market for concrete pipelines is expected to grow at a CAGR of 3.0% from 2024 to 2032, reaching a value of USD 10 billion by 2032.The growth of the concrete pipeline market is being driven by the increasing demand for large-diameter pipelines, particularly in underground applications.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Gas Pipeline Infrastructure Market Diameter Insights
Based on diameter, the Gas Pipeline Infrastructure Market is bifurcated into small, medium, and large. The large segment dominated the sector in 2023 and is expected to continue leading in the forthcoming years. The large segment is expected to grow at a CAGR of 4.2% between 2024 and 2032. The reason for this growth is the increasing consumption of natural gas and the need for larger pipelines to transport them over long distances. The small segment is projected to grow at a rate of 3.8% in the period. This growth will happen because of the increasing adoption of natural gas in households and other small-scale applications.The medium segment is anticipated to grow at a rate of 4.0%. The growth of this segment will be because of the increased adoption of natural gas in industries. Thus, the three components of the diameter will experience differences in growth trends.
Gas Pipeline Infrastructure Market Pressure Rating Insights
The Gas Pipeline Infrastructure Market is segmented into various categories, including pressure rating. The pressure rating segment can be further divided into three key sub-segments low (less than 100 psi), medium (100 to 500 psi), and high (above 500 psi). The low-pressure segment accounted for the largest share of the Gas Pipeline Infrastructure Market revenue in 2023, and it is expected to continue to dominate the market over the forecast period. This is primarily due to the increasing demand for gas distribution networks in urban and suburban areas.The low-pressure segment is also expected to benefit from the growing adoption of natural gas as a fuel for power generation and industrial applications. The medium-pressure segment is expected to witness significant growth over the forecast period. This growth is being driven by the increasing demand for gas transmission pipelines, which are used to transport gas from production sites to distribution networks. The medium-pressure segment is also expected to benefit from the increasing adoption of gas-fired power plants. The high-pressure segment is expected to experience moderate growth over the forecast period.This growth is being driven by the increasing demand for gas pipelines in offshore applications. The high-pressure segment is also expected to benefit from the growing adoption of gas-fired power plants in remote areas.
Gas Pipeline Infrastructure Market Application Insights
The application segment of the Gas Pipeline Infrastructure Market holds significant importance, influencing market growth and dynamics. Among the key application areas, transportation, distribution, storage, gathering, and processing play crucial roles in the industry's overall performance. Transportation accounts for a substantial portion of the Gas Pipeline Infrastructure Market revenue, catering to the movement of natural gas from production sites to consumption centers. The rising demand for efficient and reliable gas transportation drives this segment's growth.Distribution involves delivering gas to end-users, including residential, commercial, and industrial consumers. This segment holds a significant market share and is expected to witness steady growth due to increasing urbanization and industrialization. Storage plays a vital role in ensuring a reliable gas supply by storing excess gas during periods of low demand and releasing it during peak consumption. The growing need for gas storage facilities to meet seasonal fluctuations and enhance energy security supports this segment's market growth. The gathering involves collecting gas from multiple sources, including wells and processing facilities before it enters the transportation or distribution networks.This segment is expected to grow due to the increasing exploration and production activities in unconventional gas resources. Processing involves treating and conditioning gas to meet specific quality standards before transportation or distribution. This segment's growth is driven by the need for efficient gas processing technologies to remove impurities and enhance gas quality.
Gas Pipeline Infrastructure Market Regional Insights
The regional segmentation of the Gas Pipeline Infrastructure Market provides valuable insights into the market's geographical distribution and growth potential. North America held the largest market share in 2023, accounting for around 35% of the global revenue. The region's well-established gas pipeline network, coupled with increasing demand for natural gas, is driving growth in this market. Europe is another significant region, with a market share of approximately 28% in 2023. The region's focus on reducing carbon emissions and increasing energy security is propelling the demand for gas pipeline infrastructure.The Asia-Pacific (APAC) region is projected to witness the highest growth rate during the forecast period, owing to rapidly growing economies and increasing industrialization. China, India, and Southeast Asian countries are key contributors to the growth in this region. South America and the Middle East and Africa (MEA) also present growth opportunities for the Gas Pipeline Infrastructure Market, with increasing demand for natural gas and plans to expand pipeline networks in these regions.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Gas Pipeline Infrastructure Market Key Players And Competitive Insights
High-profile Gas Pipeline Infrastructure Market companies are focusing on the development of new technologies to ensure better operating procedures. Additionally, the leading Gas Pipeline Infrastructure Market entities concentrate on the expansion of their global presence and frequently acquire smaller organizations to achieve more impressive results. The growing demand for natural gas and the need to replace outdated infrastructure will contribute to the development of the Gas Pipeline Infrastructure Market and the rising number of mergers and acquisitions in the industry. Among the companies operating in the Gas Pipeline Infrastructure Market, one should mention TC Energy Corporation, which is widely known throughout the world.
TC Energy Corporation, previously known as TransCanada Corporation, is a Canadian natural gas company serving customers across the North American continent. Currently, TC Energy Corporation operates natural gas pipelines, as well as oil sands projects and power generation facilities. The company has been operating in the Gas Pipeline Infrastructure Market for a significant period and can boast of impressive outcomes. It will be able to continue its growth in the future as a result of the increasing demand for natural gas.
One of the major TC Energy Corporation’s competitors, Enbridge Inc., operates oil, gas, and water pipelines in both the United States and Canada. The companies with which TC Energy Corporation and Enbridge Inc. will be able to merge in the future will benefit from improved opportunities and will contribute to the increased quality of services available in the market.
Key Companies in the Gas Pipeline Infrastructure Market Include
- Nextera Energy Inc
- Nova Corporation
- Centerpoint Energy Inc
- Boardwalk Pipeline Partners Lp
- Williams Companies Inc
- Wec Energy Group Inc
- TC Energy Corporation
- Delphinus Pipeline Group
- Oneok Inc
- Mge Energy Inc
- Enbridge Inc
- Ascend Pipeline Llc
- Sempra Energy
- TransCanada Corporation
Gas Pipeline Infrastructure Market Industry Developments
The Gas Pipeline Infrastructure Market is poised to expand significantly, driven by rising demand for natural gas and government initiatives to reduce carbon emissions. The market is expected to reach $105.33 billion in 2023 and $150.0 billion by 2032, exhibiting a CAGR of 4.01%. Recent news highlights the growing importance of gas pipeline infrastructure- In March 2023, the European Union announced plans to invest €300 billion in gas infrastructure to reduce reliance on Russian gas imports.- In April 2023, the United States approved the construction of the Mountain Valley Pipeline, a major natural gas pipeline project that will transport gas from West Virginia to Virginia.These developments underscore the critical role of gas pipelines in ensuring energy security and meeting environmental goals.
Gas Pipeline Infrastructure Market Segmentation Insights
- Gas Pipeline Infrastructure Market Material Outlook
- Steel
- Polyethylene
- Fiber-Reinforced Plastics
- Concrete
- Gas Pipeline Infrastructure Market Diameter Outlook
- Small (less than 12 inches)
- Medium (12 to 24 inches)
- Large (24 inches or more)
- Gas Pipeline Infrastructure Market Pressure Rating Outlook
- Low (less than 100 psi)
- Medium (100 to 500 psi)
- High (above 500 psi)
- Gas Pipeline Infrastructure Market Application Outlook
- Transportation
- Distribution
- Storage
- Gathering
- Processing
- Gas Pipeline Infrastructure Market Regional Outlook
- North America
- Europe
- South America
- Asia-Pacific
- Middle East and Africa
Report Attribute/Metric |
Details |
Market Size 2022 |
101.27(USD Billion) |
Market Size 2023 |
105.33(USD Billion) |
Market Size 2032 |
150.0(USD Billion) |
Compound Annual Growth Rate (CAGR) |
4.01% (2024 - 2032) |
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Base Year |
2023 |
Market Forecast Period |
2024 - 2032 |
Historical Data |
2019 - 2022 |
Market Forecast Units |
USD Billion |
Key Companies Profiled |
NEXTERA ENERGY INC, NOVA CORPORATION, CENTERPOINT ENERGY INC, BOARDWALK PIPELINE PARTNERS LP, WILLIAMS COMPANIES INC, WEC ENERGY GROUP INC, TC ENERGY CORPORATION, DELPHINUS PIPELINE GROUP, ONEOK INC, MGE ENERGY INC, ENBRIDGE INC, ASCEND PIPELINE LLC, SEMPRA ENERGY, TRANSCANADA CORPORATION |
Segments Covered |
Material, Diameter, Pressure Rating, Application, Regional |
Key Market Opportunities |
1. Increased demand for gas Automation and digitization 2. Growth in unconventional resources 3. Hydrogen blending and decarbonization 4. Infrastructure expansion in developing countries |
Key Market Dynamics |
Increasing global gas demand Technological advancements Government support Energy security concerns Environmental awareness |
Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Gas Pipeline Infrastructure Market is expected to register a CAGR of 4.01% from 2024 to 2032.
The Gas Pipeline Infrastructure Market was expected to be valued at 105.33 USD Billion in 2023.
The Gas Pipeline Infrastructure Market is expected to be valued at 150.0 USD Billion in 2032.
North America is expected to have the largest market share in the Gas Pipeline Infrastructure Market.
The onshore segment is expected to have the largest market share in the Gas Pipeline Infrastructure Market.
Key competitors in the Gas Pipeline Infrastructure Market include Gazprom, TransCanada, Enbridge, Kinder Morgan, and Williams.