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North America Virtual Pipeline Systems Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Type (Standard Trailer and Towable Trailer), Gas (CNG, Hydrogen, and Others), Pressure Rating (Less than 3000 Psi, 3001 Psi to 5000 Psi, and More than 5001 Psi), and Application (Industrial, Transportation, and Commercial & Residential)
Market Report I 2022-12-19 I 105 Pages I The Insight Partners
The virtual pipeline systems market in North America is expected to grow from US$ 334.17 million in 2022 to US$ 524.37 million by 2028. It is estimated to grow at a CAGR of 7.8% from 2022 to 2028.
Increasing Energy Demands Creating Need for Virtual Pipeline Systems
According to the latest edition of the IEA's semi-annual report on electricity markets, the North America energy demand increased by ~5% in 2021 after a drop of 1% in 2020 as an impact of the COVID-19 pandemic. The demand is expected to grow by 4% in 2022, mainly due to a recovering North America economy, leading the way. Furthermore, in recent times, natural gas has gained prominence as it burns cleaner than conventional fossil fuels, such as coal, gasoline, and diesel. The world is facing serious repercussions of North America warming, which is compelling a shift toward cleaner energy sources and natural gas. Virtual pipelines allow natural gas companies to extend their reach beyond their local market, thereby allowing them to expand their footprint. Virtual pipelines are designed for the land transport of gas shipments in containers by rail or road; they can also be transported on the water in coastal tankers and river ships. These systems can be employed to supply natural gas to power plants and private customers who cannot participate in pipeline development due to geological constraints. Virtual pipelines provide flexibility in transporting natural gas along with eliminating the need for large physical pipeline installations. The deployment of physical pipelines is not always feasible due to terrain or geopolitical issues, which further drives the virtual pipeline market.
Market Overview
The United States is a major producer and user of gas on the North America market. Furthermore, the virtual pipeline systems industry in the region will be driven by rising LNG and CNG production through techniques like storage flexibility technology. Repsol, a North America energy corporation, revealed Indonesia's world's largest gas discovery in February 2019, with estimated recoverable resources of over 2 trillion cubic feet (TCF). As a result, gas transportation is in high demand due to rising investment in new oilfields and discoveries. Furthermore, it is experiencing high demand for virtual pipelines due to the growing demand for natural gas for remote areas and transportation purposes. The recent shale gas revolution has led the US to energy independence. As a result, an uninterrupted supply of natural gas and reliable transportation by virtual pipelines are gaining momentum in North America.
North America Virtual Pipeline Systems Market Revenue and Forecast to 2028 (US$ Million)
North America Virtual Pipeline Systems Market Segmentation
The North America virtual pipeline systems market is segmented into type, gas, pressure rating, application, and country.
Based on type, the market is segmented into standard trailer and towable trailer. The standard trailer segment registered the larger market share in 2022.
Based on gas, the market is segmented into CNG, hydrogen, and others. The CNG segment held the largest market share in 2022.
Based on pressure rating, the market is segmented into less than 3000 Psi, 3001 Psi to 5000 Psi, and more than 5001 Psi. The 3001 Psi to 5000 Psi segment held the largest market share in 2022.
Based on application, the market is segmented into industrial, transportation, and commercial & residential. The transportation segment held the largest market share in 2022.
Based on country, the market is segmented into the US, Mexico, and Canada. The US dominated the market share in 2022.
Galileo Technologies S.A.; Bayotech, Inc.; Petroliam Nasional Berhad (PETRONAS); Quantum Fuel Systems LLC.; Chart Industries, Inc.; Fiba Technologies Inc.; Hexagon Agility; and Composite Advanced Technologies, LLC. are the leading companies operating in the virtual pipeline systems market in the region.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Virtual Pipeline Systems Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. North America Virtual Pipeline Systems Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Energy Demands Creating Need for Virtual Pipeline Systems
5.1.2 Rising Shale Gas Extraction Driving Demand for Virtual Pipeline System
5.2 Market Restraints
5.2.1 Significant Dominance of Conventional Pipeline Infrastructure
5.3 Market Opportunities
5.3.1 Growing Inclination towards Consumption of Natural Gas
5.4 Future Trends
5.4.1 Growing Investment in VPS Technologies
5.5 Impact Analysis of Drivers And Restraints
6. Virtual Pipeline Systems - North America Market Analysis
6.1 North America Virtual Pipeline Systems Market Overview
6.2 North America Virtual Pipeline Systems Market Revenue Forecast and Analysis
7. North America Virtual Pipeline Systems Market - By Type
7.1 Overview
7.2 North America Virtual Pipeline Systems Market, By Type (2021 and 2028)
7.3 Standard Trailer
7.3.1 Overview
7.3.2 North America Standard Trailer: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Towable Trailer
7.4.1 Overview
7.4.2 North America Towable Trailer: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
8. North America Virtual Pipeline Systems Market - By Gas
8.1 Overview
8.2 North America Virtual Pipeline Systems Market, By Gas (2021 and 2028)
8.3 CNG
8.3.1 Overview
8.3.2 North America CNG: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Hydrogen
8.4.1 Overview
8.4.2 North America Hydrogen: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 North America Others: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
9. North America Virtual Pipeline systems Market - By Pressure Rating
9.1 Overview
9.2 North America Virtual Pipeline Systems Market, By Pressure Rating (2021 and 2028)
9.3 Less than 3000 Psi
9.3.1 Overview
9.3.2 North America Less than 3000 Psi: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
9.41 Psi to 5000 Psi
9.4.1 Overview
9.4.2 North America 3001 Psi to 5000 Psi: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
9.5 More than 5001 Psi
9.5.1 Overview
9.5.2 North America More than 5001 Psi: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
10. North America Virtual Pipeline Systems Market - By Application
10.1 Overview
10.2 North America Virtual Pipeline Systems Market, By Application (2021 and 2028)
10.3 Industrial
10.3.1 Overview
10.3.2 North America Industrial: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
10.4 Transportation
10.4.1 Overview
10.4.2 North America Transportation: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
10.5 Commercial & Residential
10.5.1 Overview
10.5.2 North America Commercial & Residential: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
11. North America Virtual Pipeline Systems Market - Country Analysis
11.1 North America: Virtual Pipeline Systems Market
11.1.1 Overview North America: Virtual Pipeline Systems Market (US$ Million)
11.1.2 North America: Virtual Pipeline Systems Market, By Key Country
11.1.2.1 US: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
11.1.2.1.1 US: Virtual Pipeline Systems Market, By Type
11.1.2.1.2 US: Virtual Pipeline Systems Market, By Gas
11.1.2.1.3 US: Virtual Pipeline Systems Market, By Pressure Rating
11.1.2.1.4 US: Virtual Pipeline Systems Market, By Application
11.1.2.2 Canada: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
11.1.2.2.1 Canada: Virtual Pipeline Systems Market, By Type
11.1.2.2.2 Canada: Virtual Pipeline Systems Market, By Gas
11.1.2.2.3 Canada: Virtual Pipeline Systems Market, By Pressure Rating
11.1.2.2.4 Canada: Virtual Pipeline Systems Market, By Application
11.1.2.3 Mexico: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
11.1.2.3.1 Mexico: Virtual Pipeline Systems Market, By Type
11.1.2.3.2 Mexico: Virtual Pipeline Systems Market, By Gas
11.1.2.3.3 Mexico: Virtual Pipeline Systems Market, By Pressure Rating
11.1.2.3.4 Mexico: Virtual Pipeline Systems Market, By Application
12. Industry Landscape
12.1 Overview
12.2 New Product Launch
12.3 Merger and Acquisition
13. Company Profiles
13.1 Galileo Technologies S.A.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Bayotech, Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Petroliam Nasional Berhad (PETRONAS)
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Quantum Fuel Systems LLC.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Chart Industries, Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Fiba Technologies Inc
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Hexagon Agility
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Composite Advanced Technologies, LLC.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. North America Virtual Pipeline Systems Market Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: Virtual Pipeline Systems Market, By Type - Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: Virtual Pipeline Systems Market, By Gas - Revenue and Forecast to 2028 (US$ Million)
Table 4. North America: Virtual Pipeline Systems Market, By Pressure Rating - Revenue and Forecast to 2028 (US$ Million)
Table 5. North America: Virtual Pipeline Systems Market, By Application - Revenue and Forecast to 2028 (US$ Million)
Table 6. North America: Virtual Pipeline Systems Market, By Country - Revenue and Forecast to 2028 (US$ Million)
Table 7. US: Virtual Pipeline Systems Market, By Type - Revenue and Forecast to 2028 (US$ Million)
Table 8. US: Virtual Pipeline Systems Market, By Gas - Revenue and Forecast to 2028 (US$ Million)
Table 9. US: Virtual Pipeline Systems Market, By Pressure Rating - Revenue and Forecast to 2028 (US$ Million)
Table 10. US: Virtual Pipeline Systems Market, By Application - Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada: Virtual Pipeline Systems Market, By Type - Revenue and Forecast to 2028 (US$ Million)
Table 12. Canada: Virtual Pipeline Systems Market, By Gas - Revenue and Forecast to 2028 (US$ Million)
Table 13. Canada: Virtual Pipeline Systems Market, By Pressure Rating - Revenue and Forecast to 2028 (US$ Million)
Table 14. Canada: Virtual Pipeline Systems Market, By Application - Revenue and Forecast to 2028 (US$ Million)
Table 15. Mexico: Virtual Pipeline Systems Market, By Type - Revenue and Forecast to 2028 (US$ Million)
Table 16. Mexico: Virtual Pipeline Systems Market, By Gas - Revenue and Forecast to 2028 (US$ Million)
Table 17. Mexico: Virtual Pipeline Systems Market, By Pressure Rating - Revenue and Forecast to 2028 (US$ Million)
Table 18. Mexico: Virtual Pipeline Systems Market, By Application - Revenue and Forecast to 2028 (US$ Million)
Table 19. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Virtual Pipeline Systems Market Segmentation
Figure 2. North America Virtual Pipeline Systems Market Segmentation - By Country
Figure 3. North America Virtual Pipeline Systems Market Overview
Figure 4. North America Virtual Pipeline Systems Market, By Type
Figure 5. North America Virtual Pipeline Systems Market, By Country
Figure 6. North America - PEST Analysis
Figure 7. North America Virtual Pipeline Systems Market- Ecosystem Analysis
Figure 8. North America Virtual Pipeline Systems Market Impact Analysis of Drivers and Restraints
Figure 9. North America Virtual Pipeline Systems Market Revenue Forecast and Analysis (US$ Million)
Figure 10. North America: Virtual Pipeline Systems Market Revenue Share, by Type (2021 & 2028)
Figure 11. North America Standard Trailer: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
Figure 12. North America Towable Trailer: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
Figure 13. North America: Virtual Pipeline Systems Market Revenue Share, by Gas (2021 & 2028)
Figure 14. North America CNG: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
Figure 15. North America Hydrogen: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
Figure 16. North America Others: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
Figure 17. North America: Virtual Pipeline Systems Market Revenue Share, by Pressure Rating (2021 & 2028)
Figure 18. North America Less than 3000 Psi: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
Figure 19. North America 3001 Psi to 5000 Psi: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
Figure 20. North America More than 5001 Psi: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America: Virtual Pipeline Systems Market Revenue Share, by Application (2021 & 2028)
Figure 22. North America Industrial: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
Figure 23. North America Transportation: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
Figure 24. North America Commercial & Residential: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
Figure 25. Overview North America: Virtual Pipeline Systems Market (US$ Million)
Figure 26. North America: Virtual Pipeline Systems Market Revenue Share, by Key Country (2021 & 2028)
Figure 27. US: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
Figure 28. Canada: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
Figure 29. Mexico: Virtual Pipeline Systems Market - Revenue and Forecast to 2028 (US$ Million)
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