According to a new market report published by Lucintel, the future of the pipeline network market looks promising with opportunities in the crude & refined petroleum and water & wastewater industries. The global pipeline network market is expected to grow with a CAGR of 8% from 2020 to 2025. The major drivers for this market are rising demand for oil & gas from developing countries, growing demand for commercial off-the-shelf technology, rising trend of big data analytics, and need for maintaining quality of experience & quality of service of the overall pipeline transportation.
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Pipeline network consists of interconnected pipes, which are used to solve the problems of hydraulic design. In this market, solution and services are the major offerings of pipeline network. Lucintel forecasts that services will remain the largest offering segment over the forecast period, as the training, support, and maintenance services continuously assist enterprises in solving deployment-related, performance-related, and non-technical issues, as well as deliver cost-effective support to enterprises for carrying out improvements in the overall pipeline operation performance.
Within this market, crude & refined petroleum will remain the largest end use industry segment over the forecast period due to its cost-effectiveness, and also it is the mostly used medium for transportation of liquid/gas.
North America will remain the largest region over the forecast period because oil and gas companies, government bodies, and environmental agencies in the region are focused on preventing oil spills and gas leaks. This is one of the important addressable factors, as the number of pipelines has increased in the US and Canada.
Huawei, ABB, Siemens, Hitachi, Schneider Electric, PSI Software, Honeywell, GE, Wipro, and Emerson are among the major suppliers in the global pipeline network market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global pipeline network market by offering, application, end use industry, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Pipeline Network Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global pipeline network market by offering, application, end use industry, and region as follows:
By Offering [Value ($ Million) shipment analysis for 2014 – 2025]:
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Pipeline Monitoring
Pipeline Operation Optimization
By End Use Industry [Value ($ Million) shipment analysis for 2014 – 2025]:
Crude & Refined Petroleum
Water & Wastewater
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
France
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com