North America Virtual Pipeline System Market was valued at USD 1.8 Billion in 2022 and is projected to reach USD 2.9 Billion by 2030, growing at a CAGR of 7.0% from 2024 to 2030.
The North American virtual pipeline system market is experiencing significant growth, driven by the increasing demand for natural gas in regions lacking traditional pipeline infrastructure. Virtual pipelines transport compressed natural gas (CNG) or liquefied natural gas (LNG) via non-pipeline methods such as trucks, ships, or rail, enabling delivery to remote or underserved areas. citeturn0search1 In 2023, the North American virtual pipeline market was valued at approximately USD 1.0 billion and is projected to reach USD 1.37 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.29%. citeturn0search1 This growth is attributed to the rising adoption of CNG and LNG for transportation and the expansion of natural gas-fueled power generation in remote areas. The market is segmented based on type, product, container size, mode of transportation, and application. The primary types include ordinary and special types, with products such as LPG, LNG, CNG, propane, diesel, and oils. Container sizes range from Type I to Type IV, and modes of transportation encompass intermodal ISO tank containers, tanker rail cars, pipeline transport, reticulated gas systems, piped gas systems, road tankers, and local bobtail tankers. Applications span industrial, transportation, commercial, and residential sectors. citeturn0search0 The United States leads the virtual pipeline systems market due to heightened environmental awareness driving demand for clean gases, which fuels the adoption of virtual pipelines. Canada dominates the market due to its accessibility to remote locations and increasing demand for cost-effective solutions compared to physical pipelines. citeturn0search0 Key players in the North American virtual pipeline systems market include Certarus Ltd., Throttle Energy Inc., Clean Fuel Connection Inc., Compass Natural Gas, NG Advantage, CNG Delivery, TX Energy Drilling Corporation, Verdek Green Technologies Corp., Corban Energy Group, Cimarron Composites, Hexagon Composites ASA, SENER Group, Eni S.p.A., and Rev LNG. citeturn0search0 In summary, the North American virtual pipeline system market is expanding rapidly, driven by the need for flexible and cost-effective natural gas transportation solutions in regions without traditional pipeline infrastructure. This growth is supported by technological advancements and increasing environmental awareness, positioning virtual pipelines as a viable alternative to conventional pipeline systems.
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General Electric
Hexagon Composites ASA
Luxfer Holdings PLC
Galileo Technologies S.A.
Pentagon Energy
LightSail Energy
Cimarron Composites
Xpress Natural Gas
NG Advantage
Compass Natural Gas
Broadwind Energy
REV LNG
North America Partners
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the North America Virtual Pipeline System Market
Industrial
Transportation
Others
Based on Types the Market is categorized into Below types that held the largest Virtual Pipeline System market share In 2023.
Petroleum
Natural Gas
North America (United States, North America and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the North America Virtual Pipeline System Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. North America Virtual Pipeline System Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Virtual Pipeline System Market, By Type
6. North America Virtual Pipeline System Market, By Application
7. North America Virtual Pipeline System Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Virtual Pipeline System Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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