Report Code: A08573 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Natural Gas Pipeline Market
Request Now !In a typical natural gas field, several small gathering lines lead from each well to gas processing facilities. At the gas processing facility, natural gas liquids (NGLs) such as ethane, propane and butane, are separated from the natural gas, and contaminants such as water, carbon dioxide and hydrogen sulfide are removed, before being transported via liquid pipelines to oil refineries for processing.Â
Once it is processed, natural gas pipeline operators ship the natural gas through large transmission pipelines to the people who need it. Compressor stations are located along the pipeline route every 65 to 160 km. Large compressors similar to jet engines move natural gas through the pipeline at around 40 km an hour.
Covid-19 Impact
Steel is one of the major raw materials used in manufacturing natural gas pipelines and the cost of steel amounts to approximately 16% of the total cost for manufacturing one mile of gas pipeline. As a result, the current trend of decreasing steel prices will substantially drive the growth of the natural gas pipeline market in the next few years.
Among all factors, increasing number of onshore for natural gas pipeline will have a positive impact on the growth of the market. Plus, the increasing investment in R&D of the product will lead to better products.
However, the rise in energy prices increases the manufacturing costs, the reduction in prices of Iron ore and steel scrap, which are used as raw material to make steel, will fuel the growth of the natural gas pipeline market during the forecast period.
The global natural gas pipeline market is studied across major four regional markets including North America, Europe, Asia-Pacific, and LAMEA. North America is expected to be the largest market in the coming years in response to increase in several technological developments. In addition, rise in investments on service-based things in the oil & gas industry is further expected to complement the growth of this region.Â
Key benefits of the report:
Natural Gas Pipeline Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
Aspects | Details |
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By Application |
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Key Market Players | Kinder Morgan (KMI), Continental Industries, Northern Natural Gas., Caspian Pipeline Consortium, Inter Pipeline, Gastite, Wheatland Tube, Weber, Omega Flex, Natural Gas Pipeline |
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