Gas Pipeline Infrastructure Market was valued at US$ 31,782.8 Million in 2022 and is expected to reach to US$ 40,703.5 Million by 2030; it is estimated to record a CAGR of 3.1% from 2022 to 2030

The gas pipeline infrastructure market analysis involves transmission and distribution pipelines used in the gas infrastructure networks. Key driving factors for this market include high crude oil prices generating demand for efficient offshore gas operations and increasing focus on maximizing gas field life. In addition, the increase in developments in the offshore gas industry across regions such as South America, Asia Pacific, and the Middle East & Africa is likely to boost the gas pipeline infrastructure market growth during the forecasted period. However, the shift from fossil fuels to clean energy generation sources such as solar energy and wind energy to achieve sustainable power generation restrains the growth of the market.

Growing Developments in Offshore Gas Industry

Investment and focus on offshore gas pipeline infrastructure development are growing across the globe. For instance, in October 2022, the Italian government announced plans to augment its gas production from the current gas production capacity. This plan also includes the construction of new offshore gas rigs across the country. In May 2023, the Chinese government announced that it had completed the construction of a new 12,000-metric-ton offshore drilling rig. In June 2023, the government announced drilling deeper into offshore platforms to reduce its dependency on other countries regarding the import of oil and gas. Thus, growing investment in the development of offshore gas pipeline infrastructure is anticipated to fuel the growth of the gas pipeline infrastructure market during the forecast period.

Gas Pipeline Infrastructure Market Analysis: Application Overview

Based on application, the gas pipeline infrastructure market is divided into onshore and offshore. The major difference between onshore and offshore is that onshore gas infrastructure operates to release resources from underneath the Earth’s surface, while offshore applications involve digging out resources from underneath the ocean’s seabed. The onshore gas infrastructure is less complicated and easy to maintain than offshore gas pipeline infrastructure.

The onshore segment accounted for a larger market share of US$ 24,752.5 in 2022 in the gas pipeline infrastructure market and is expected to reach US$ 31,509.0 by 2030 at a CAGR of 3.1% from 2022 to 2030. This growth is owing to the flexibility of onshore gas pipeline infrastructure than offshore. The extraction, transmission, and distribution processes are more cost-efficient and convenient in terms of operation. The overall adoption of the onshore gas pipeline is more as the construction, installation, and maintenance costs are less compared to the offshore gas pipeline, which, in turn, is expected to fuel the market growth in the coming years.

Gas Pipeline Infrastructure Market: Competitive Landscape and Key Developments

Enbridge Inc, Kinder Morgan Inc, TC Energy Corporation, Pembina Pipeline Corporation, Sinopec Group, Pipeline Infrastructure Limited, Enagas S.A., Berkshire Hathaway, Saipem, and Bechtel Corporation are among the key gas pipeline infrastructure market players profiled during this study. In addition, several other important gas pipeline infrastructure market players have been studied and analyzed during the study to get a holistic view of the gas pipeline infrastructure market and its ecosystem.