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Thursday, January 20, 2022

Lucintel Forecasts Pipeline Network Market to Grow at a CAGR of 7%-9%

According to the recent study the pipeline network market is projected to grow at a CAGR of 7%-9% from 2020 to 2025. Growth in this market is primarily driven by 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.

Browse XX figures / charts and XX tables in this 150-page report to understand trends, opportunities and forecast in pipeline network market by offering (solution and services), application (pipeline monitoring and pipeline operation optimization), end-use industry (crude & refined petroleum and water & wastewater), and region (North America, Europe, Asia Pacific, and Rest of the World).

Download sample report and view detailed Table of Content by clicking on below link https://www.lucintel.com/pipeline-network-market.aspx

“Services market is expected to remain the largest segment during the forecast period.”       

Based on offering, the pipeline network market is segmented into solution and services. Lucintel forecasts that the services market is expected to remain the largest segment during 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 the pipeline network market, the crude & refined petroleum segment is expected to remain the largest end use industry.”    

Based on end use industry, the crude & refined petroleum segment is expected to witness the largest 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 dominate the pipeline network market in near future.”

North America is expected to be 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.

Download Brochure of this report by clicking on https://www.lucintel.com/pipeline-network-market.aspx

Major players of pipeline network market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Huawei, ABB, Siemens, Hitachi, Schneider Electric, PSI Software, Honeywell, GE, Wipro, and Emerson are among the major pipeline network providers.

This unique 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 click on this link https://www.lucintel.com/pipeline-network-market.aspx or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email:
brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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