Virtual Pipeline Systems Market was valued US$ 1.50 Bn. in 2022 and is estimated to grow at CAGR of 6.91 %, to reach US$ 2.41 Bn. during the forecast period from 2023 to 2029. The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and the same is reflected in our analysis. Virtual-pipeline is an alternative method of transporting natural where no pipeline networks available. It is based on a modular system of compression or liquefaction, transport and decompression. The virtual-pipeline is a system that permits the natural gas transportation in the form of compressed/ liquefied gas by mobile platforms. It generates the flexibility for a more appropriate industrial location, and the possibility to have better utilization of geographical resources to better cost/benefit relation.To know about the Research Methodology :- Request Free Sample Report
Virtual Pipeline Systems Market, Dynamics
The ageing pipeline infrastructures across the globe, stringent regulations associated with carbon emission control norms are some of the prominent factors, behind the growth of the global virtual pipeline systems market. An increase in demand for the energy resources and reliable & flexible virtual pipeline networks that use roadways, rail, and port shipments are also expected to boost the market growth. On the other hand, high risk characterized in the transportation of natural gas to end-users, mainly in isolated regions are expected to limit the global virtual pipeline systems market growth.Virtual Pipeline Systems Market, Segment Analysis
The industrial sector is projected to hold 50% of the market share in terms of revenue and is expected to grow at a xx% CAGR during the forecast period. Industrial is further sub-categorized into power generation, fertilizers, and other sectors that consistently require natural gas for continuous operations. Advancement in liquefaction technology provides dynamic supplies of electricity & heat of natural gas across the various sectors. Natural gas is the cleanest fossil fuel in the conventional energy sources. It is used for numerous applications. It is distributed in two forms as compressed natural gas (CNG), and liquefied natural gas (LNG). Virtual pipelines are functioning as physical gas pipelines. Natural gas can be supplied to endpoints where the feasibility of physical pipeline infrastructure construction is low through virtual pipelines. Currently, innovations in liquefaction technology and cost reductions are driving the conversion of the cooling of natural gas into liquid natural gas. It can be safely transported in small amounts without high compression. Many key players are focusing on the formation of the small-scale LNG-fueled power plants by virtual pipelines to expand the power factories, industrial parks and mines in remote locations.Virtual Pipeline Systems Market, Regional Insights
North America region held the dominant position in 2022 and is projected to continue its dominance during the forecast period. The U.S and Canada are the major contributors in the regional growth. An increase in the investments in research & development activities, expansion in city gas distribution network and aging natural gas infrastructure are expected to drive the regional growth. The strict government regulations for emission control are one of the key drivers in the North America virtual pipeline systems market. Virtual Pipeline Systems Market, Competitive Analysis Some of the prominent key players are increasingly investing in the development of virtual pipelines that is expected to increase the revenue streams in the virtual pipeline systems market. Several energy and gas key players are focusing on growth strategies, which help to reinforce low-carbon, greener economies across the globe. For instance, ExxonMobil India LNG Limited has formed cooperation with Indian Oil Corporation Limited and Chart Industries, Inc. to establish a system of transportation infrastructure to expand gas access in India. Virtual pipeline systems will offer liquefied natural gas by road, rail and waterways to areas not connected by physical pipelines. The objective of the report is to present a comprehensive analysis of the Global Virtual Pipeline Systems Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Virtual Pipeline Systems Market dynamics, structure by analyzing the market segments and projects the Global Virtual Pipeline Systems Market size. Clear representation of competitive analysis of key players By Pathogen Type, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Virtual Pipeline Systems Market make the report investor’s guide.Virtual Pipeline Systems Market Scope: Inquire before buying
Virtual Pipeline Systems Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 1.50 Bn. Forecast Period 2023 to 2029 CAGR: 6.91% Market Size in 2029: US $ 2.41 Bn. Segments Covered: by Fuel Type Compressed Natural Gas Liquefied Natural Gas by Application Industrial Transportation Commercial & Residential Virtual Pipeline Systems Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Virtual Pipeline Systems Market key Players
1.Baker Hughes 2.Hexagon Composites 3.SUB161° 4.Galileo Technologies S.A. 5.PENTAGON ENERGY 6.Xpress Natural Gas LLC 7.NG Advantage 8.GAS MALAYSIA BERHAD 9.SENER group 10.CNG Services Ltd 11.Edge Gathering Virtual Pipelines 2 LLC 12.Clean Fuel Connection Inc. 13.Greenville Liquefied Natural Gas Co. Ltd. 14.THROTTLE ENERGY INC. TECHNOLOGY 15.Solomon Peter Investments Limited 16.Certarus Ltd. 17.Compass Natural Gas 18.Broadwind Energy, Inc. 19.Wärtsilä 20.Siemens 21.Exxon Mobil LNG 22.General Electric 23.Global Partners LP 24.Honeywell International, Inc. 25.LightSail Energy Frequently Asked Questions: 1. Which region has the largest share in Global Virtual Pipeline Systems Market? Ans: North America region held the highest share in 2022. 2. What is the growth rate of Global Virtual Pipeline Systems Market? Ans: The Global market is growing at a CAGR of 6.91% during forecasting period 2023-2029. 3. What is scope of the Global Virtual Pipeline Systems market report? Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Virtual Pipeline Systems market? Ans: The important key players in the Global market are – Baker Hughes, Hexagon Composites, SUB161°, Galileo Technologies S.A., PENTAGON ENERGY, Xpress Natural Gas LLC, NG Advantage, GAS MALAYSIA BERHAD, SENER group, CNG Services Ltd, Edge Gathering Virtual Pipelines 2 LLC, Clean Fuel Connection Inc., Greenville Liquefied Natural Gas Co. Ltd., THROTTLE ENERGY INC. TECHNOLOGY, Solomon Peter Investments Limited, Certarus Ltd., Compass Natural Gas, Broadwind Energy, and Inc. 5. What is the study period of this market? Ans: The Global market is studied from 2022 to 2029.
Global Virtual Pipeline Systems Market 1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Virtual Pipeline Systems Market Size, by Market Value (US$ Bn) and Volume (Units) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends and Emerging Technologies 4.8. Patent Registration 5. Supply Side and Demand Side Indicators 6. Global Virtual Pipeline Systems Market Analysis and Forecast 6.1. Global Virtual Pipeline Systems Market Size & Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. Middle East & Africa 6.1.5. South America 7. Global Virtual Pipeline Systems Market Analysis and Forecast, By Fuel Type 7.1. Introduction and Definition 7.2. Key Findings 7.3. Global Virtual Pipeline Systems Market Value Share Analysis, By Fuel Type 7.4. Global Virtual Pipeline Systems Market Size (US$ Bn) Forecast, By Fuel Type 7.5. Global Virtual Pipeline Systems Market Analysis, By Fuel Type 7.6. Global Virtual Pipeline Systems Market Attractiveness Analysis, By Fuel Type 8. Global Virtual Pipeline Systems Market Analysis and Forecast, By Application 8.1. Introduction and Definition 8.2. Key Findings 8.3. Global Virtual Pipeline Systems Market Value Share Analysis, By Application 8.4. Global Virtual Pipeline Systems Market Size (US$ Bn) Forecast, By Application 8.5. Global Virtual Pipeline Systems Market Analysis, By Application 8.6. Global Virtual Pipeline Systems Market Attractiveness Analysis, By Application 9. Global Virtual Pipeline Systems Market Analysis, by Region 9.1. Global Virtual Pipeline Systems Market Value Share Analysis, by Region 9.2. Global Virtual Pipeline Systems Market Size (US$ Bn) Forecast, by Region 9.3. Global Virtual Pipeline Systems Market Attractiveness Analysis, by Region 10. North America Virtual Pipeline Systems Market Analysis 10.1. Key Findings 10.2. North America Virtual Pipeline Systems Market Overview 10.3. North America Virtual Pipeline Systems Market Value Share Analysis, By Fuel Type 10.4. North America Virtual Pipeline Systems Market Forecast, By Fuel Type 10.4.1. Compressed Natural Gas 10.4.2. Liquefied Natural Gas 10.5. North America Virtual Pipeline Systems Market Value Share Analysis, By Application 10.6. North America Virtual Pipeline Systems Market Forecast, By Application 10.6.1. Industrial 10.6.2. Transportation 10.6.3. Commercial & Residential 10.7. North America Virtual Pipeline Systems Market Value Share Analysis, by Country 10.8. North America Virtual Pipeline Systems Market Forecast, by Country 10.8.1. The U.S. 10.8.2. Canada 10.9. North America Virtual Pipeline Systems Market Analysis, by Country 10.10. U.S. Virtual Pipeline Systems Market Forecast, By Fuel Type 10.10.1. Compressed Natural Gas 10.10.2. Liquefied Natural Gas 10.11. U.S. Virtual Pipeline Systems Market Forecast, By Application 10.11.1. Industrial 10.11.2. Transportation 10.11.3. Commercial & Residential 10.12. Canada Virtual Pipeline Systems Market Forecast, By Fuel Type 10.12.1. Compressed Natural Gas 10.12.2. Liquefied Natural Gas 10.13. Canada Virtual Pipeline Systems Market Forecast, By Application 10.13.1. Industrial 10.13.2. Transportation 10.13.3. Commercial & Residential 10.14. North America Virtual Pipeline Systems Market Attractiveness Analysis 10.14.1. By Fuel Type 10.14.2. By Application 10.15. PEST Analysis 10.16. Key Trends 10.17. Key Development 11. Europe Virtual Pipeline Systems Market Analysis 11.1. Key Findings 11.2. Europe Virtual Pipeline Systems Market Overview 11.3. Europe Virtual Pipeline Systems Market Value Share Analysis, By Fuel Type 11.4. Europe Virtual Pipeline Systems Market Forecast, By Fuel Type 11.4.1. Compressed Natural Gas 11.4.2. Liquefied Natural Gas 11.5. Europe Virtual Pipeline Systems Market Value Share Analysis, By Application 11.6. Europe Virtual Pipeline Systems Market Forecast, By Application 11.6.1. Industrial 11.6.2. Transportation 11.6.3. Commercial & Residential 11.7. Europe Virtual Pipeline Systems Market Value Share Analysis, by Country 11.8. Europe Virtual Pipeline Systems Market Forecast, by Country 11.8.1. Germany 11.8.2. The U.K. 11.8.3. France 11.8.4. Italy 11.8.5. Spain 11.8.6. Rest of Europe 11.9. Europe Virtual Pipeline Systems Market Analysis, by Country 11.10. Germany Virtual Pipeline Systems Market Forecast, By Fuel Type 11.10.1. Compressed Natural Gas 11.10.2. Liquefied Natural Gas 11.11. Germany Virtual Pipeline Systems Market Forecast, By Application 11.11.1. Industrial 11.11.2. Transportation 11.11.3. Commercial & Residential 11.12. U.K. Virtual Pipeline Systems Market Forecast, By Fuel Type 11.12.1. Compressed Natural Gas 11.12.2. Liquefied Natural Gas 11.13. U.K. Virtual Pipeline Systems Market Forecast, By Application 11.13.1. Industrial 11.13.2. Transportation 11.13.3. Commercial & Residential 11.14. France Virtual Pipeline Systems Market Forecast, By Fuel Type 11.14.1. Compressed Natural Gas 11.14.2. Liquefied Natural Gas 11.15. France Virtual Pipeline Systems Market Forecast, By Application 11.15.1. Industrial 11.15.2. Transportation 11.15.3. Commercial & Residential 11.16. Italy Virtual Pipeline Systems Market Forecast, By Fuel Type 11.16.1. Compressed Natural Gas 11.16.2. Liquefied Natural Gas 11.17. Italy Virtual Pipeline Systems Market Forecast, By Application 11.17.1. Industrial 11.17.2. Transportation 11.17.3. Commercial & Residential 11.18. Spain Virtual Pipeline Systems Market Forecast, By Fuel Type 11.18.1. Compressed Natural Gas 11.18.2. Liquefied Natural Gas 11.19. Spain Virtual Pipeline Systems Market Forecast, By Application 11.19.1. Industrial 11.19.2. Transportation 11.19.3. Commercial & Residential 11.20. Rest of Europe Virtual Pipeline Systems Market Forecast, By Fuel Type 11.20.1. Compressed Natural Gas 11.20.2. Liquefied Natural Gas 11.21. Rest of Europe Virtual Pipeline Systems Market Forecast, By Application 11.21.1. Industrial 11.21.2. Transportation 11.21.3. Commercial & Residential 11.22. Europe Virtual Pipeline Systems Market Attractiveness Analysis 11.22.1. By Fuel Type 11.22.2. By Application 11.23. PEST Analysis 11.24. Key Trend 11.25. Key Development 12. Asia Pacific Virtual Pipeline Systems Market Analysis 12.1. Key Findings 12.2. Asia Pacific Virtual Pipeline Systems Market Overview 12.3. Asia Pacific Virtual Pipeline Systems Market Value Share Analysis, By Fuel Type 12.4. Asia Pacific Virtual Pipeline Systems Market Forecast, By Fuel Type 12.4.1. Compressed Natural Gas 12.4.2. Liquefied Natural Gas 12.5. Asia Pacific Virtual Pipeline Systems Market Value Share Analysis, By Application 12.6. Asia Pacific Virtual Pipeline Systems Market Forecast, By Application 12.6.1. Industrial 12.6.2. Transportation 12.6.3. Commercial & Residential 12.7. Asia Pacific Virtual Pipeline Systems Market Value Share Analysis, by Country 12.8. Asia Pacific Virtual Pipeline Systems Market Forecast, by Country 12.8.1. China 12.8.2. India 12.8.3. Japan 12.8.4. ASEAN 12.8.5. Rest of Asia Pacific 12.9. Asia Pacific Virtual Pipeline Systems Market Analysis, by Country 12.10. China Virtual Pipeline Systems Market Forecast, By Fuel Type 12.10.1. Compressed Natural Gas 12.10.2. Liquefied Natural Gas 12.11. China Virtual Pipeline Systems Market Forecast, By Application 12.11.1. Industrial 12.11.2. Transportation 12.11.3. Commercial & Residential 12.12. India Virtual Pipeline Systems Market Forecast, By Fuel Type 12.12.1. Compressed Natural Gas 12.12.2. Liquefied Natural Gas 12.13. India Virtual Pipeline Systems Market Forecast, By Application 12.13.1. Industrial 12.13.2. Transportation 12.13.3. Commercial & Residential 12.14. Japan Virtual Pipeline Systems Market Forecast, By Fuel Type 12.14.1. Compressed Natural Gas 12.14.2. Liquefied Natural Gas 12.15. Japan Virtual Pipeline Systems Market Forecast, By Application 12.15.1. Industrial 12.15.2. Transportation 12.15.3. Commercial & Residential 12.16. ASEAN Virtual Pipeline Systems Market Forecast, By Fuel Type 12.16.1. Compressed Natural Gas 12.16.2. Liquefied Natural Gas 12.17. ASEAN Virtual Pipeline Systems Market Forecast, By Application 12.17.1. Industrial 12.17.2. Transportation 12.17.3. Commercial & Residential 12.18. Rest of Asia Pacific Virtual Pipeline Systems Market Forecast, By Fuel Type 12.18.1. Compressed Natural Gas 12.18.2. Liquefied Natural Gas 12.19. Rest of Asia Pacific Virtual Pipeline Systems Market Forecast, By Application 12.19.1. Industrial 12.19.2. Transportation 12.19.3. Commercial & Residential 12.20. Asia Pacific Virtual Pipeline Systems Market Attractiveness Analysis 12.20.1. By Fuel Type 12.20.2. By Application 12.21. PEST Analysis 12.22. Key Trend 12.23. Key Development 13. The Middle East & Africa Virtual Pipeline Systems Market Analysis 13.1. Key Findings 13.2. The Middle East & Africa Virtual Pipeline Systems Market Overview 13.3. The Middle East & Africa Virtual Pipeline Systems Market Value Share Analysis, By Fuel Type 13.4. The Middle East & Africa Virtual Pipeline Systems Market Forecast, By Fuel Type 13.4.1. Compressed Natural Gas 13.4.2. Liquefied Natural Gas 13.5. The Middle East & Africa Virtual Pipeline Systems Market Value Share Analysis, By Application 13.6. The Middle East & Africa Virtual Pipeline Systems Market Forecast, By Application 13.6.1. Industrial 13.6.2. Transportation 13.6.3. Commercial & Residential 13.7. The Middle East & Africa Virtual Pipeline Systems Market Value Share Analysis, by Country 13.8. The Middle East & Africa Virtual Pipeline Systems Market Forecast, by Country 13.8.1. GCC 13.8.2. South Africa 13.8.3. Rest of Middle East & Africa 13.9. The Middle East & Africa Virtual Pipeline Systems Market Analysis, by Country 13.10. GCC Virtual Pipeline Systems Market Forecast, By Fuel Type 13.10.1. Compressed Natural Gas 13.10.2. Liquefied Natural Gas 13.11. GCC Virtual Pipeline Systems Market Forecast, By Application 13.11.1. Industrial 13.11.2. Transportation 13.11.3. Commercial & Residential 13.12. South Africa Virtual Pipeline Systems Market Forecast, By Fuel Type 13.12.1. Compressed Natural Gas 13.12.2. Liquefied Natural Gas 13.13. South Africa Virtual Pipeline Systems Market Forecast, By Application 13.13.1. Industrial 13.13.2. Transportation 13.13.3. Commercial & Residential 13.14. Rest of the Middle East & Africa Virtual Pipeline Systems Market Forecast, By Fuel Type 13.14.1. Compressed Natural Gas 13.14.2. Liquefied Natural Gas 13.15. Rest of the Middle East & Africa Virtual Pipeline Systems Market Forecast, By Application 13.15.1. Industrial 13.15.2. Transportation 13.15.3. Commercial & Residential 13.16. The Middle East & Africa Virtual Pipeline Systems Market Attractiveness Analysis 13.16.1. By Fuel Type 13.16.2. By Application 13.17. PEST Analysis 13.18. Key Trend 13.19. Key Development 14. South America Virtual Pipeline Systems Market Analysis 14.1. Key Findings 14.2. South America Virtual Pipeline Systems Market Overview 14.3. South America Virtual Pipeline Systems Market Value Share Analysis, By Fuel Type 14.4. South America Virtual Pipeline Systems Market Forecast, By Fuel Type 14.4.1. Compressed Natural Gas 14.4.2. Liquefied Natural Gas 14.5. South America Virtual Pipeline Systems Market Value Share Analysis, By Application 14.6. South America Virtual Pipeline Systems Market Forecast, By Application 14.6.1. Industrial 14.6.2. Transportation 14.6.3. Commercial & Residential 14.7. South America Virtual Pipeline Systems Market Value Share Analysis, by Country 14.8. South America Virtual Pipeline Systems Market Forecast, by Country 14.8.1. Brazil 14.8.2. Mexico 14.8.3. Rest of South America 14.9. Brazil Virtual Pipeline Systems Market Forecast, By Fuel Type 14.9.1. Compressed Natural Gas 14.9.2. Liquefied Natural Gas 14.10. Brazil Virtual Pipeline Systems Market Forecast, By Application 14.10.1. Industrial 14.10.2. Transportation 14.10.3. Commercial & Residential 14.11. Mexico Virtual Pipeline Systems Market Forecast, By Fuel Type 14.11.1. Compressed Natural Gas 14.11.2. Liquefied Natural Gas 14.12. Mexico Virtual Pipeline Systems Market Forecast, By Application 14.12.1. Industrial 14.12.2. Transportation 14.12.3. Commercial & Residential 14.13. Rest of South America Virtual Pipeline Systems Market Forecast, By Fuel Type 14.13.1. Compressed Natural Gas 14.13.2. Liquefied Natural Gas 14.14. Rest of South America Virtual Pipeline Systems Market Forecast, By Application 14.14.1. Industrial 14.14.2. Transportation 14.14.3. Commercial & Residential 14.15. South America Virtual Pipeline Systems Market Attractiveness Analysis 14.15.1. By Fuel Type 14.15.2. By Application 14.16. PEST Analysis 14.17. Key Trend 14.18. Key Development 15. Company Profiles 15.1. Market Share Analysis, by Company 15.2. Competition Matrix 15.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications, and R&D investment 15.2.2. New Product Launches and Product Enhancements 15.2.3. Market Consolidation 15.2.4. M&A by Regions, Investment and Applications 15.2.5. M&A Key Players, Forward Integration and Backward Integration 15.3. Company Profiles: Key Players 15.3.1. Baker Hughes 15.3.1.1. Company Overview 15.3.1.2. Financial Overview 15.3.1.3. Product Portfolio 15.3.1.4. Business Strategy 15.3.1.5. Recent Developments 15.3.1.6. Company Footprint 15.3.2. Hexagon Composites 15.3.3. SUB161° 15.3.4. Galileo Technologies S.A. 15.3.5. PENTAGON ENERGY 15.3.6. Xpress Natural Gas LLC 15.3.7. NG Advantage 15.3.8. GAS MALAYSIA BERHAD 15.3.9. SENER group 15.3.10. CNG Services Ltd 15.3.11. Edge Gathering Virtual Pipelines 2 LLC 15.3.12. Clean Fuel Connection Inc. 15.3.13. Greenville Liquefied Natural Gas Co. Ltd. 15.3.14. THROTTLE ENERGY INC. TECHNOLOGY 15.3.15. Solomon Peter Investments Limited 15.3.16. Certarus Ltd. 15.3.17. Compass Natural Gas 15.3.18. Broadwind Energy, Inc. 15.3.19. Wärtsilä 15.3.20. Siemens 15.3.21. Exxon Mobil LNG 15.3.22. General Electric 15.3.23. Global Partners LP 15.3.24. Honeywell International, Inc. 15.3.25. LightSail Energy 16. Primary Key Insights