Major virtual pipeline market participants include GasGrows Solutions Private Limited, Kinder Morgan, NG Advantage, Snam SPA, FIBA Technologies, Hexagon Agility, Petroliam Nasional Berhad (PETRONAS), Gas Malaysia Virtual Pipeline Sdn. Bhd., Air Products and Chemicals, Galileo Technologies, Xpress Natural Gas, CNG Services Limited, Aggreko, Stabilis Solutions.
Selbyville, Delaware,, Feb. 04, 2024 (GLOBE NEWSWIRE) —
The virtual pipeline market is expected to reach USD 3.9 billion by 2032, as reported in a research study by Global Market Insights Inc.
The regulatory backing for environmental sustainability will accelerate the business growth. Increased adoption of virtual pipelines along with the imperative to reduce carbon footprints is a key catalyst. Governments worldwide are endorsing these flexible and efficient energy transportation systems, fostering the market’s expansion. As environmental concerns gain prominence, the synergy between regulatory support and the growing acceptance of virtual pipelines will position the market for substantial growth in the pursuit of sustainable energy solutions.
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The virtual pipeline market from the rail segment will secure a notable market share by 2032, propelled by the inherent advantages of rail transport, which offers a cost-effective and efficient means of transporting compressed natural gas (CNG) and liquefied natural gas (LNG). With the growing demand for cleaner energy solutions, the rail segment’s versatility and ability to connect diverse regions will position it as a pivotal player in the expanding virtual pipeline industry.
The commercial segment will gain a noteworthy market share up to 2032, driven by escalating demand for reliable and flexible energy solutions. As industries increasingly adopt compressed natural gas (CNG) and liquefied natural gas (LNG) for their operations, the commercial sector will emerge as a key player in the expanding virtual pipeline market outlook. The need for cost-effective and sustainable fuel alternatives will position this segment at the forefront of the market’s growth.
The APAC virtual pipeline industry will register significant expansion between 2023 and 2032, fueled by burgeoning energy needs and rapid industrialization. The region’s dynamic economies, coupled with a growing emphasis on clean energy solutions, propel the adoption of virtual pipelines, particularly for compressed natural gas (CNG) and liquefied natural gas (LNG). As governments prioritize sustainable development, APAC will emerge as a pivotal contributor to the market expansion.
Some of the leading players in the virtual pipeline market are Xpress Natural Gas, FIBA Technologies, Inc., CNG Services Limited, GAS MALAYSIA Virtual Pipeline Sdn. Bhd., Hexagon Agility, Gaslink-Gas Natural, S.A., Stabilis Solutions Inc., Galileo Technologies S.A., GasGrows Solutions Private Limited, NG ADVANTAGE LLC, Kinder Morgan, Snam S.p.A., Petroliam Nasional Berhad (PETRONAS), Aggreko, Air Products and Chemicals, Inc., are operating in the virtual pipeline industry.
Companies are intensifying their market presence through strategic investments, technological advancements, and partnerships. By leveraging innovative solutions and expanding their service offerings, these entities aim to cater to the rising demand for flexible and sustainable energy solutions. Additionally, proactive engagement with key stakeholders and adherence to stringent environmental regulations further enhance their competitive edge, contributing to the steady growth of their share in the dynamic virtual pipeline market.
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Partial chapters of report table of contents (TOC):
Chapter 2 Executive Summary
2.1 Virtual pipeline industry 3600 synopsis, 2019 – 2032
Chapter 3 Virtual Pipeline Industry Insights
3.1 Industry ecosystem analysis
3.2 Regulatory landscape
3.3 Industry impact forces
3.3.1 Growth drivers
3.3.2 Industry pitfalls & challenges
3.4 Growth potential analysis
3.5 Porter’s Analysis
3.6 PESTEL Analysis
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About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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