Pipeline Transportation Market Size – USD 12.65 Billion in 2018, Market Growth - CAGR of 9.7%, Pipeline Transportation Industry Trends – Low operating costs, and environment-friendly.
New York, Nov. 19, 2019 (GLOBE NEWSWIRE) -- The growing need for the transportation of chemicals, fuels, and water supply, and added advantages such as complete automation of loading are driving the market demand.
The global pipeline transportation market is forecast to reach USD 26.74 Billion by 2026, according to a new report by Reports and Data. Pipeline transport is used to transport liquids and gases via pipelines, and chemically stable substances.
These pipelines carry crude and refine oils, natural gases, and biofuels, including sewage slurry, beer, and water. They are also used in irrigation or transporting drinking water over long distances or move it over hills. It’s an ideal alternative for canals and channels considering pollution and environmental impact. Pipelines are preferred over traditional modes of transport such as truck or rail, as they are less damaging to the environment and are economical. The concern for security like theft is also not there, and they are more reliable.
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Transportation of solids is more expensive and complicated than liquids or gases, but coal and minerals are often used to transport long distances. Pipes are also used to transport rocks, grain, coal, cement, machine parts, concrete, pulp, books, and solid wastes, among other products. They are generally used to transport short distances.
An increase in the production of offshore production, a rise in the demand for oil and natural gas, and the demand for cheap methods of transportation are driving market growth. Some of the latest emerging technologies include leak detection, intrusion detection, tracking, and video surveillance, and SCADA.
Further key findings from the report suggest
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/pipeline-transportation-market
Segments covered in the report:
For the purpose of this report, Reports and Data have segmented into the global Pipeline Transportation Market on the basis of solution, services, type, pipeline type, end-users, and region:
Solution Outlook (Revenue: USD Billion; 2016-2026)
Services Outlook (Revenue: USD Billion; 2016-2026)
Type Outlook (Revenue: USD Billion; 2016-2026)
Pipeline Type Outlook (Revenue: USD Billion; 2016-2026)
End-User Outlook (Revenue: USD Billion; 2016-2026)
Regional Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)
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