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Virtual Pipeline System Market

Virtual Pipeline System Market Analysis by Product Type (Ordinary Type, Special Type), by Fuel Type (LPG, LNG, CNG, Propane, Diesel), by Mode of Transportation (Tanker Rail Cars, Pipeline Transport, Reticulated or Piped Gas System), by End-Use, by Region - Global Forecast 2022-2032

Analysis of Virtual Pipeline System market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Global Virtual Pipeline System Market Outlook

The global virtual pipeline system market is estimated at USD 1.7 Billion in 2022 and is forecast to surpass USD 3.3 Billion by 2032, growing at a CAGR of 6.5% from 2022 to 2032.

Report Attributes

Details

Base Year Value (2021A)

USD 1.6 Billion

Estimated Year Value (2022E)

USD 1.7 Billion

Projected Year Value (2032F)

USD 3.3 Billion

Global Growth Rate (2022-2032)

 CAGR 6.5%

North America Market Share in 2021

~38%

North America Growth Rate (2022-2032)

CAGR ~6.7%

Collective Value Share (US, China, India) 2022: Top 3 Countries

~43%

Top 5 Companies Market Share in 2021

~21%

Key Companies Profiled

  • Global Partners LP
  • General Electric
  • REV LNG LLC
  • Hexagon Composites ASA
  • Broadwind Energy Inc.
  • Luxfer Holdings Plc
  • Compass Natural Gas
  • Galileo Technologies S.A.
  • NG Advantage LLC
  • Pentagon Energy LLC
  • LightSail Energy
  • Xpress Natural Gas LLC
  • Cimarron Composites
  • Other Market Players

The global virtual pipeline system market is likely to create an absolute dollar opportunity of USD 1.5 Billion by the end of 2032. The global virtual pipeline system market holds ~13% of the global pipeline monitoring system market.

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2017-2021 Global Virtual Pipeline System Market Outlook in Comparison to 2022-2032 Growth Forecast

Virtual pipelines are designed for scheduling shipments of oil and oil products from one point to another, either by transportation taking place in seas and oceans, coastal tankers, and by barges. The shipments can also be handled by containers via rail or road. Thus, virtual gas pipeline operations supply markets that are either too small for normal LNG-large scale carriers or are too geographically challenging in terms of pipeline construction. In current times, this technology has made wonders possible in the oil industry.

Recently, innovations in liquefaction technology and cost reductions have made possible the cooling of natural gas into liquid natural gas, which is quite smaller in volume. It can be safely transported in relatively small amounts without high compression. As a result, it is now possible for small-scale LNG-fueled power plants to get supplies by virtual pipelines, in order to further power factories, industrial parks and mines existing in remote locations.

At a regional level, a bunkering facility can accept large LNG deliveries for subsequent bulk-breaking into smaller quantities to be distributed to customers across the region. This transportation system is currently being planned and even operating in specific regions located in North America, Europe, Australia and other parts of the world.

Organizing and arranging shipments of gas from one point to another in barges and coastal tankers or in ocean-going by water, by rail or road is known as virtual pipeline system. This system provides natural gas to various industries, which are smaller for regular large scale carriers of LNG or geologically challenging to explain or justify their investment in pipeline construction. Plants of electricity generation, several industries, and residential & commercial customer across the globe which are accessible by either by sea or road, get their supply of natural gas through the system of virtual pipeline.

Fact.MR projects the virtual pipeline system market is expected to witness exhibiting growth at 6.5% CAGR during 2022 and 2032 in comparison to a CAGR of 4.6% with which it grew from 2017 and 2021.

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Factors Driving Virtual Pipeline System Market Growth

Age old infrastructure of pipelines and strict regulations regarding environmental emission are two important factors which are mainly fueling the growth of the virtual pipeline system market across the globe. Although present pipeline industry is huge and expanding day by day, modernization of the system is necessary as existing pipeline system was installed decades back. Escalating demand for the transportation of energy resources is another factor which is responsible for the tremendous rise in the demand of virtual pipeline systems.

There are growing concerns about energy sources’ renewability and this concern has been positively affecting the industry of natural gas. It has never been vital and urgent requirement to transport natural gas and oil in a brisk. As the pipelines are most common and general approach, energy supply sources have adopted it and it has always been a key choice of them.

As physical pipelines are limited to certain areas and regions, they are not effective in areas which are technically unfeasible and inaccessible. As a result, an industry of virtual pipeline has gaining a recognition rapidly and the market is expected to expand speedily in the years to come.

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Factors Restraining Virtual Pipeline System Market Growth

Although there are many factors which are creating positive impact on the virtual pipeline system market, there are many risks allied with natural gas’s transportation and this particular factor is likely to pose a threat to the evolution of virtual pipeline system. Liquefied Petroleum Gas is generally stored in ambient temperature, however to keep it in a liquid form it has to be pressurized.

The risk is involved when this pressurized container of Liquefied Petroleum Gas remains opened or leaked. In such situation the gas flows quickly and make a dense cloud of vapor. On the other hand LNG is generally stored in low pressure and its containers are protected to keep the gas in a liquid form. As a result, LNG create densely cold vapor cloud. This is expected to create negative impact on virtual pipeline systems market throughout the assessed period.

Regional Outlook on Virtual Pipeline System Market Growth

India, China and Japan, which are developing economies are working hard towards achieving the goal of maintaining the clean environment and these countries are expected to be the main users of natural gas. This trend is likely to support Asia Pacific region to expand at remarkable rate during the projected period. Increasing investments in the developing countries of Asia- pacific in terms of natural gas is also likely boost the market for virtual pipeline system in Asia Pacific region.

Competitive Landscape: Top Companies in Virtual Pipeline System Market

The global virtual pipeline system market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.

Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the growth of virtual pipeline system market.

Fact.MR has provided detailed information about price points of key manufacturers in virtual pipeline system market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.

For instance:

  • Global Partners LP in 2020 announced to acquire Retail Fuel and Convenience Store Assets. This acquisition will aid in building and expanding facilities in the portfolio and included 27 gas stations which are company operated in Connecticut
  • Compass Gas in 2021 announced to acquire stake in Gaspetro, which is a gas distribution holding company from state-controlled Petrobras Gas. This acquisition will help the company to expand geographically

Global Virtual Pipeline System Market by Category

  • By Product Type, Global Virtual Pipeline System Market is segmented as:

    • Ordinary Type
    • Special Type
  • By Fuel Type, Global Virtual Pipeline System Market is segmented as:

    • Liquefied Petroleum Gas (LPG)
    • Liquefied Natural Gas (LNG)
    • Compressed Natural Gas (CNG)
    • Propane
    • Diesel
    • Oils
  • By Mode of Transportation, Global Virtual Pipeline System Market is segmented as:

    • Intermodal ISO Tank Containers
    • Tanker Rail Cars
    • Pipeline Transport
    • Reticulated or Piped Gas System
    • Road Tankers
    • Local Bobtail Tankers
  • By End-Use, Global Virtual Pipeline System Market is segmented as:

    • Residential
    • Commercial
    • Transportation
    • Industrial
  • By Region, Global Virtual Pipeline System Market is segmented as:

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

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The global value of virtual pipeline system market is estimated to be worth over USD 1.7 Billion in 2022.

The demand is anticipated to surpass USD 3.3 Billion by 2032 end.

During 2017-2021, global virtual pipeline system market grew at 4.6% CAGR.

Some of the prominent players in virtual pipeline system market are Global Partners LP, General Electric, Hexagon Composites ASA, Broadwind Energy Inc., Compass Natural Gas, etc.

North America tops the global virtual pipeline system market accounting for 37.7% of global market share in 2022.

Liquefied Petroleum Gas (LPG) under the fuel type segment contributes 31.3% of market share in global sales of virtual pipeline system.

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