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).
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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.
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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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