Aug 28, 2020   SOURCE: BusinessWire

Natural Gas Pipeline - Global Market Insights & Forecast to 2027 - ResearchAndMarkets.com

The "Natural Gas Pipeline - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The 136-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Natural Gas Pipeline Market to Reach 3.5 Thousand Miles by 2027

Amid the COVID-19 crisis, the global market for Natural Gas Pipeline estimated at 2.4 Thousand Miles in the year 2020, is projected to reach a revised size of 3.5 Thousand Miles by 2027, growing at a CAGR of 5.5% over the period 2020-2027.

Onshore, one of the segments analyzed in the report, is projected to record 4.8% CAGR and reach 2.4 Thousand Miles by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Offshore segment is readjusted to a revised 7.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at 710.8 Miles, While China is Forecast to Grow at 5.2% CAGR

The Natural Gas Pipeline market in the U.S. is estimated at 710.8 Miles in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of 622.5 Miles by the year 2027 trailing a CAGR of 5.2% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.2% and 4.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.

Competitors identified in this market include, among others:

  • ABB Group
  • Aker Solutions ASA
  • Bechtel Corporation
  • Bharat Petroleum Corp. Ltd.
  • BP PLC
  • Cairn Oil & Gas
  • Caspian Pipeline Consortium
  • China National Petroleum Corporation
  • Daewoo Engineering & Construction Co. Ltd.
  • Emerson Process Management
  • Enterprise Products Partners L.P.
  • GE Oil & Gas
  • Huawei Technologies Co. Ltd.
  • Hyundai Heavy Industries Co. Ltd.
  • Infosys Ltd.
  • Inter Pipeline Ltd.
  • MOL Hungarian Oil and Gas plc
  • Mott MacDonald Group Ltd.
  • Rockwell Automation, Inc.
  • Saipem S.p.A.
  • SAP SE
  • Saudi Arabian Oil Co
  • Schneider Electric SA
  • Sunoco L.P.
  • Technip SA
  • Tecnicas Reunidas SA
  • Valero Energy Corporation
  • Wipro Limited
  • WorleyParsons Group
  • Yokogawa Electric Corporation
  • ZTE Corporation

Total Companies Profiled: 52

For more information about this report visit https://www.researchandmarkets.com/r/8h07m0