Pipeline Transportation Market Size, Trends, Analysis, and Forecast 2028

The global pipeline transportation market size was USD 18.56 billion in 2020. The market is projected to grow from USD 19.21 billion in 2021 to USD 27.82 billion in 2028 at a CAGR of 5.4% during the 2021-2028 period. The global impact of COVID-19 has been unprecedented and staggering, with oil & gas activities witnessing a negative demand shock across all regions amid the pandemic.

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List of key players are:

ABB (Switzerland)
Emerson Electric Co. (U.S.)
ESRI (India)
FMC Technologies (U.S.))
Rockwell Automation, Inc. (U.S.))
Schneider Electric (France)
Siemens (Germany)
Trimble Navigation Limited (U.S.))
IDS GmbH (Germany)
Baker Hughes (U.S.))
Halliburton (U.S.))
National Oilwell Varco (U.S.))
John Wood Group PLC (U.K.)
Key Industry Developement:

October 2021 – The U.S. Pipeline and Hazardous Materials Safety Administration (PHMSA) plans to probe research on the effects of hydrogen on pipelines for transportation. This research is set to help achieve the long term goal of decarbonizing industries like heavy transportation.

September 2021 – Fuel Transportation Pipeline of Thailand announced that it would send oil through the longest pipeline in the country, about 576 km long. The pipeline will carry 9 billion liters per year. The pipeline can transport aviation fuel, diesel, and gasoline using the same channel due to its unique technology.

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