The global market for Pipeline Transportation Solutions and Services is projected to reach $15.3 billion by 2023, driven by rising capital expenditure on pipeline infrastructure worldwide against the backdrop of aging infrastructure in developed markets, and insufficient infrastructure in developing countries.
Pipeline transportation solutions and services equip pipeline operators with robust tools for dealing with challenges and issues in day-to-day operations of pipeline systems. Information and communication technology (ICT) solutions for Automation & Control, Integrity Management, Security, Monitoring & Surveillance, Scheduling & Optimization, and Network Communication enable pipeline operators to seamlessly and uninterruptedly manage their pipeline systems in an efficient and resourceful manner. Similarly, consultancy services, project management services, and maintenance & support services from third-party specialist vendors enable effective management and operation of pipeline infrastructure. Offering the much needed benefits such as superior operational efficiency, significant reduction in lifecycle costs, reduced downtimes, compliance with regulatory and ethical requirements, and safety and security of pipeline systems, the software-based ICT solutions and specialist third-party services are increasingly being sought by pipeline operators. Future growth in the market will be driven by surging energy consumption and the resulting need for additional pipeline capacity and the rising need to access untapped geographic and end-use markets. While the soaring image of pipelines as the most viable mode of transportation continues to build strong momentum for pipeline transportation solutions and services, the stable upward movement in the global oil & gas sector is creating a highly conducive environment for market penetration and growth.
The research report titled ” Global Pipeline Transportation Market Analysis: 2017-2022″ announced by GMR Analytics, provides a comprehensive review of trends, issues, and strategic industry activities of major companies worldwide. The report provides market estimates and projections for geographic markets such as the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Middle East & Africa and Latin America (Brazil, Mexico and Rest of Latin America).