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The Virtual Pipeline Market size was valued at USD 1.26 billion in 2023 and is expected to grow to USD 2.02 billion by 2032 and grow at a CAGR of 5.4% over the forecast period of 2024-2032.
A virtual pipeline substitutes for a physical pipeline by allowing gas to be delivered through a conventional gas pipeline as LNG by sea, land, air, or a combination of these modes of transportation to the delivery point.
When moving LNG from its source, such as an import terminal, it is squeezed into a cryogenic tank, or delivery point, whether it is a liquefaction facility or dispensation center. The natural gas is delivered just as it would have via the conventional pipeline thanks to a regasification station, a multipurpose building that incorporates LNG storage, vaporization, and pressure regulation, as well as control systems.
The kind, model, and quantity of engines, gas turbines, and compressors (centrifugal and reciprocating) that make up the station will be listed.
Engineers and operators will be able to assess how modifications to the system will affect the dynamic and the environment's impact and the gas's deliverability. For instance, the Witfully pipeline system user may drill down into a compressor station and provide a high-level description of the compressor station's level of specificity.
KEY DRIVERS:
Growing operation at a remote location
Growing Demand for Natural Gas and a Shifting Trend Toward Cleaner Energy Sources
Because of the serious risks posed by global warming, there has been a shift toward cleaner forms of energy, which has raised the demand for natural gas. Physical pipelines are not always practical due to topography or geopolitical events that may be responsible for the market's growth. A flexible option for the conveyance of virtual goods gas, and natural. In order to save money on pipeline installation and prepare for market expansion, it does not necessitate the extensive installation of a physical pipeline.
RESTRAIN:
High cost
Increasing adoption of renewable energy sources
OPPORTUNITY:
Increasing demand for clean energy
CHALLENGES:
Lack of pipeline infrastructure
There is a lack of pipeline infrastructure, there are minimal transportation challenges for natural gas facilities in rural areas. When compared to spending money on existing pipeline infrastructure or building new pipeline infrastructure in faraway regions, using a virtual pipeline has proven to be one of the most cost-effective solutions. The fact that more vehicle natural gas service stations may be built with comparatively less capital outlay thanks to this innovative technology highlights how it is also used in other industries that provide goods and services.
Over the past ten years, the EU's dependency on Russian gas has progressively increased. Gas consumption in the bloc decreased only slightly over this time, but output has decreased by two-thirds since 2010, and the resulting deficit has been supplied by increased imports. As a result, from 2010 to 2018, Russia accounted for an average of over 40% of the total EU gas demand, up from 26% in 2010. One of the first organizations to voice concerns about this growing dependence was the IEA. In the previous year, Russia's pipeline gas exports to the EU were more than cut in half. However, the European gas market proved to be resilient as countries were able to immediately cut back on consumption and ramp up non-Russian supply to fill their storage facilities to above 95% capacity.
IMPACT OF ONGOING RECESSION
Increased energy costs have pushed inflation to excruciatingly high levels. Families into poverty compelled other factories to reduce output or even close and delayed economic growth to the point where several nations are approaching acute PE6BSBion. This winter, gas restriction may be necessary in Europe because of its historic reliance on Russian gas supplies, while many emerging economies are experiencing dramatically higher energy import costs and fuel shortages.
By Fuel Type
CNG
LNG
Others
By Application
Transportation
Industrial & Commercial
North America currently holds the top spot in the global market for virtual pipeline systems, due to the U.S.'s significant market share, convenient availability, and affordable prices. Due to the quick movement in consumer preference toward adopting cleaner alternatives to fossil fuels as well as the considerable investments in natural gas made by developing economies.
Asia-Pacific is predicted to increase at a significant rate between 2022 and 2030.
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REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
In August 2022, Kinder Morgan paid USD 135 million to acquire North American Natural Resources, Inc., as well as its subsidiary firms North American Biofuels LLC and North American-Central LLC. The transaction comprises seven amounts of landfill gas to power facilities in Michigan and Kentucky in the amalgamate purchase amount and accompanying contract fees. Through this transaction, Kinder Morgan makes the Final Investment Decision (FID) to upgrade 4 of the 7 gas-to-power facilities to renewable natural gas facilities for an estimated US$175 million in capital costs.
In June 2022, AVR, in collaboration with the Swedish business HaloSep AB, evaluated the viability of managing its cleaning wastes and dangerous gas locally. A proprietary method called HaloSep separates hazardous waste into fractions that can be used and safely disposed of by choosing HaloSep's solution, AVR will be enhanced into a circular by recovering material resources and lowering the environmental impact of the plant.
December 20, 2021 The Federal Energy Regulatory Commission (FERC) has received a proposal from Tennessee Gas Pipeline (TGP), a Kinder Morgan, Inc. subsidiary, for the implementation of a sustainably sourced natural gas (RSG) supply assembling regathering service at specific sites along the Tennessee Gas Pipeline system. In order to serve end-users, utilities, power plants, and LNG facilities connected to the TGP system, the proposed service is intended to authorize providers as well as customers on TGP to purchase and sell RSG supplies at abstract trading facilities.
The Major Players are Kinder Morgan, Stabilis Solutions, Inc., Hexagon Agility, Fiba Technologies, Petronas, CNG Services, Gas Malaysia, Galileo Technologies, NG Advantage, Marline Gas Services, Snam, Certarus Ltd. and other players are listed in a final report.
| Report Attributes | Details |
| Market Size in 2023 | US$ 1.26 Bn |
| Market Size by 2032 | US$ 2.02 Bn |
| CAGR | CAGR of 5.4% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Fuel Type (CNG, LNG, Others) • By Application (Transportation, Industrial & Commercial) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Kinder Morgan (U.S.), Stabilis Solutions, Inc. (U.S.), Hexagon Agility (U.S.), Fiba Technologies (U.S.), Petronas (Malaysia), CNG Services (U.K.), Gas Malaysia (Malaysia), Galileo Technologies (Argentina), NG Advantage (Vermont), Marline Gas Services (U.S.), Snam (Italy), Certarus Ltd (Canada) |
| Key Drivers | • Growing operation at remote location • Growing Demand for Natural Gas and a Shifting Trend Toward Cleaner Energy Sources |
| Market Restraints | • High cost • Increasing adoption of renewable energy sources |
Ans: The Virtual Pipeline Market is anticipated to expand by 5.4 % from 2023 to 2030.
Ans: USD 1.82 billion is expected to grow by 2030.
Ans: The Virtual Pipeline Market size was valued at USD 1.2 billion in 2022
Ans: North America is dominating the market.
Ans: Growing operation at remote location and Growing Demand for Natural Gas and a Shifting Trend Toward Cleaner Energy Sources
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Ukraine- Russia war
4.2 Impact of ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Virtual Pipeline Market Segmentation, By Fuel Type
8.1 CNG
8.2 LNG
8.3 Others
9. Virtual Pipeline Market Segmentation, By Application
9.1 Transportation
9.2 Industrial & Commercial
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 North America Virtual Pipeline Market by Country
10.2.2North America Virtual Pipeline Market by Fuel Type
10.2.3 North America Virtual Pipeline Market by Application
10.2.4 USA
10.2.4.1 USA Virtual Pipeline Market by Fuel Type
10.2.4.2 USA Virtual Pipeline Market by Application
10.2.5 Canada
10.2.5.1 Canada Virtual Pipeline Market by Fuel Type
10.2.5.2 Canada Virtual Pipeline Market by Application
10.2.6 Mexico
10.2.6.1 Mexico Virtual Pipeline Market by Fuel Type
10.2.6.2 Mexico Virtual Pipeline Market by Application
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Eastern Europe Virtual Pipeline Market by Country
10.3.1.2 Eastern Europe Virtual Pipeline Market by Fuel Type
10.3.1.3 Eastern Europe Virtual Pipeline Market by Application
10.3.1.4 Poland
10.3.1.4.1 Poland Virtual Pipeline Market by Fuel Type
10.3.1.4.2 Poland Virtual Pipeline Market by Application
10.3.1.5 Romania
10.3.1.5.1 Romania Virtual Pipeline Market by Fuel Type
10.3.1.5.2 Romania Virtual Pipeline Market by Application
10.3.1.6 Hungary
10.3.1.6.1 Hungary Virtual Pipeline Market by Fuel Type
10.3.1.6.2 Hungary Virtual Pipeline Market by Application
10.3.1.7 Turkey
10.3.1.7.1 Turkey Virtual Pipeline Market by Fuel Type
10.3.1.7.2 Turkey Virtual Pipeline Market by Application
10.3.1.8 Rest of Eastern Europe
10.3.1.8.1 Rest of Eastern Europe Virtual Pipeline Market by Fuel Type
10.3.1.8.2 Rest of Eastern Europe Virtual Pipeline Market by Application
10.3.2 Western Europe
10.3.2.1 Western Europe Virtual Pipeline Market by Country
10.3.2.2 Western Europe Virtual Pipeline Market by Fuel Type
10.3.2.3 Western Europe Virtual Pipeline Market by Application
10.3.2.4 Germany
10.3.2.4.1 Germany Virtual Pipeline Market by Fuel Type
10.3.2.4.2 Germany Virtual Pipeline Market by Application
10.3.2.5 France
10.3.2.5.1 France Virtual Pipeline Market by Fuel Type
10.3.2.5.2 France Virtual Pipeline Market by Application
10.3.2.6 UK
10.3.2.6.1 UK Virtual Pipeline Market by Fuel Type
10.3.2.6.2 UK Virtual Pipeline Market by Application
10.3.2.7 Italy
10.3.2.7.1 Italy Virtual Pipeline Market by Fuel Type
10.3.2.7.2 Italy Virtual Pipeline Market by Application
10.3.2.8 Spain
10.3.2.8.1 Spain Virtual Pipeline Market by Fuel Type
10.3.2.8.2 Spain Virtual Pipeline Market by Application
10.3.2.9 Netherlands
10.3.2.9.1 Netherlands Virtual Pipeline Market by Fuel Type
10.3.2.9.2 Netherlands Virtual Pipeline Market by Application
10.3.2.10 Switzerland
10.3.2.10.1 Switzerland Virtual Pipeline Market by Fuel Type
10.3.2.10.2 Switzerland Virtual Pipeline Market by Application
10.3.2.11 Austria
10.3.2.11.1 Austria Virtual Pipeline Market by Fuel Type
10.3.2.11.2 Austria Virtual Pipeline Market by Application
10.3.2.12 Rest of Western Europe
10.3.2.12.1 Rest of Western Europe Virtual Pipeline Market by Fuel Type
10.3.2.12.2 Rest of Western Europe Virtual Pipeline Market by Application
10.4 Asia-Pacific
10.4.1 Asia Pacific Virtual Pipeline Market by Country
10.4.2 Asia Pacific Virtual Pipeline Market by Fuel Type
10.4.3 Asia Pacific Virtual Pipeline Market by Application
10.4.4 China
10.4.4.1 China Virtual Pipeline Market by Fuel Type
10.4.4.2 China Virtual Pipeline Market by Application
10.4.5 India
10.4.5.1 India Virtual Pipeline Market by Fuel Type
10.4.5.2 India Virtual Pipeline Market by Application
10.4.6 Japan
10.4.6.1 Japan Virtual Pipeline Market by Fuel Type
10.4.6.2 Japan Virtual Pipeline Market by Application
10.4.7 South Korea
10.4.7.1 South Korea Virtual Pipeline Market by Fuel Type
10.4.7.2 South Korea Virtual Pipeline Market by Application
10.4.8 Vietnam
10.4.8.1 Vietnam Virtual Pipeline Market by Fuel Type
10.4.8.2 Vietnam Virtual Pipeline Market by Application
10.4.9 Singapore
10.4.9.1 Singapore Virtual Pipeline Market by Fuel Type
10.4.9.2 Singapore Virtual Pipeline Market by Application
10.4.10 Australia
10.4.10.1 Australia Virtual Pipeline Market by Fuel Type
10.4.10.2 Australia Virtual Pipeline Market by Application
10.4.11 Rest of Asia-Pacific
10.4.11.1 Rest of Asia-Pacific Virtual Pipeline Market by Fuel Type
10.4.11.2 Rest of Asia-Pacific APAC Virtual Pipeline Market by Application
10.5 Middle East & Africa
10.5.1 Middle East
10.5.1.1 Middle East Virtual Pipeline Market by Country
10.5.1.2 Middle East Virtual Pipeline Market by Fuel Type
10.5.1.3 Middle East Virtual Pipeline Market by Application
10.5.1.4 UAE
10.5.1.4.1 UAE Virtual Pipeline Market by Fuel Type
10.5.1.4.2 UAE Virtual Pipeline Market by Application
10.5.1.5 Egypt
10.5.1.5.1 Egypt Virtual Pipeline Market by Fuel Type
10.5.1.5.2 Egypt Virtual Pipeline Market by Application
10.5.1.6 Saudi Arabia
10.5.1.6.1 Saudi Arabia Virtual Pipeline Market by Fuel Type
10.5.1.6.2 Saudi Arabia Virtual Pipeline Market by Application
10.5.1.7 Qatar
10.5.1.7.1 Qatar Virtual Pipeline Market by Fuel Type
10.5.1.7.2 Qatar Virtual Pipeline Market by Application
10.5.1.8 Rest of Middle East
10.5.1.8.1 Rest of Middle East Virtual Pipeline Market by Fuel Type
10.5.1.8.2 Rest of Middle East Virtual Pipeline Market by Application
10.5.2 Africa
10.5.2.1 Africa Virtual Pipeline Market by Country
10.5.2.2 Africa Virtual Pipeline Market by Fuel Type
10.5.2.3 Africa Virtual Pipeline Market by Application
10.5.2.4 Nigeria
10.5.2.4.1 Nigeria Virtual Pipeline Market by Fuel Type
10.5.2.4.2 Nigeria Virtual Pipeline Market by Application
10.5.2.5 South Africa
10.5.2.5.1 South Africa Virtual Pipeline Market by Fuel Type
10.5.2.5.2 South Africa Virtual Pipeline Market by Application
10.5.2.6 Rest of Africa
10.5.2.6.1 Rest of Africa Virtual Pipeline Market by Fuel Type
10.5.2.6.2 Rest of Africa Virtual Pipeline Market by Application
10.6 Latin America
10.6.1 Latin America Virtual Pipeline Market by Country
10.6.2 Latin America Virtual Pipeline Market by Fuel Type
10.6.3 Latin America Virtual Pipeline Market by Application
10.6.4 Brazil
10.6.4.1 Brazil Virtual Pipeline Market by Fuel Type
10.6.4.2 Brazil Africa Virtual Pipeline Market by Application
10.6.5 Argentina
10.6.5.1 Argentina Virtual Pipeline Market by Fuel Type
10.6.5.2 Argentina Virtual Pipeline Market by Application
10.6.6 Colombia
10.6.6.1 Colombia Virtual Pipeline Market by Fuel Type
10.6.6.2 Colombia Virtual Pipeline Market by Application
10.6.7 Rest of Latin America
10.6.7.1 Rest of Latin America Virtual Pipeline Market by Fuel Type
10.6.7.2Rest of Latin America Virtual Pipeline Market by Application
11 Company Profile
11.1 Kinder Morgan
11.1.1 Market Overview
11.1.2 Financials
11.1.3 Product/Services Offered
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 Stabilis Solutions, Inc.
11.2.1 Market Overview
11.2.2 Financials
11.2.3 Product/Services Offered
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 Hexagon Agility
11.3.1 Market Overview
11.3.2 Financials
11.3.3 Product/Services Offered
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 Fiba Technologies
11.4 Market Overview
11.4.2 Financials
11.4.3 Product/Services Offered
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 Petronas
11.5.1 Market Overview
11.5.2 Financials
11.5.3 Product/Services Offered
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 CNG Services
11.6.1 Market Overview
11.6.2 Financials
11.6.3 Product/Services Offered
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 Galileo Technologies
11.7.1 Market Overview
11.7.2 Financials
11.7.3 Product/Services Offered
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 Gas Malaysia
11.8.1 Market Overview
11.8.2 Financials
11.8.3 Product/Services Offered
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 NG Advantage
11.9.1 Market Overview
11.9.2 Financials
11.9.3 Product/Services Offered
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 Marline Gas Services
11.10.1 Market Overview
11.10.2 Financials
11.10.3 Product/Services Offered
11.10.4 SWOT Analysis
11.10.5 The SNS View
11.11 Snam
11.11.1 Market Overview
11.11.2 Financials
11.11.3 Product/Services Offered
11.11.4 SWOT Analysis
11.11.5 The SNS View
11.12 Certarus Ltd
11.12.1 Market Overview
11.12.2 Financials
11.12.3 Product/Services Offered
11.12.4 SWOT Analysis
11.12.5 The SNS View
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions
13. USE Cases and Best Practices
14. Conclusion
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