{"id":487081,"date":"2020-05-28T09:22:01","date_gmt":"2020-05-28T09:22:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=487081"},"modified":"2020-05-28T09:22:01","modified_gmt":"2020-05-28T09:22:01","slug":"gas-pipeline-infrastructure-market-is-estimated-to-register-a-healthy-cagr-of-34-from-2020-to-2027-grand-view-research-inc","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/gas-pipeline-infrastructure-market-is-estimated-to-register-a-healthy-cagr-of-34-from-2020-to-2027-grand-view-research-inc_487081.html","title":{"rendered":"Gas Pipeline Infrastructure Market Is Estimated To Register A Healthy CAGR Of 3.4% From 2020 To 2027 | Grand View Research, Inc."},"content":{"rendered":"
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Grand View Research, Inc. – Market Research And Consulting.<\/div>\n<\/div>\n<\/div>\n
According to report published by Grand View Research, The global gas pipeline infrastructure market size is expected to reach USD 3,228.3 billion by 2027. Rising natural gas imports along with growing investments in infrastructure and network expansion are likely to strengthen the market demand.<\/div>\n

Gas Pipeline Infrastructure Market Growth & Trends<\/strong><\/p>\n

The global gas pipeline infrastructure market<\/a><\/strong> size is expected to reach USD 3,228.3 billion by 2027, expanding at a revenue\/volume based CAGR of 3.4% over the forecast period, according to a new report by Grand View Research, Inc. Rising natural gas imports along with growing investments in infrastructure and network expansion are likely to strengthen the market demand.<\/p>\n

The market is primarily driven by replacement of existing pipeline infrastructure owing to requirement for enhanced safety and emergency response planning. In addition, network expansion across several regions will further provide a major boost to the market growth. For instance, Gazprom invested RUB 5.9 billion on infrastructure expansion in the Sakhalin Region, constructing nine inter-settlement gas pipelines in between 2008-2018.<\/p>\n

Technological advancements including smart pipeline pigs, advanced control systems, remotely operated automatic valves, and penetration of IoT integrated devices are likely to enhance the industry outlook. However, increasing gap between demand and supply of skilled manpower is expected to lead to cost overrun and project delays, thereby hampering the market growth.<\/p>\n

The companies follow cost-of-service approach to charge transportation tariff from shippers utilizing their assets to transport gas and other liquids. The tolls are designed to allow the industry participants recover capital and operating costs, service debts, and provide a return to its investors. Higher return on investment is expected to positively influence the market growth. Industry participants are further adopting several strategic initiatives to enhance their foothold over the market. For instance, in December 2019, Pembina Pipeline Corporation announced acquisition of Kinder Morgan Canada Limited and U.S. portion of the Cochin pipeline.<\/p>\n

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Request a Sample Copy of the Gas Pipeline Infrastructure Market Research Report @ https:\/\/www.grandviewresearch.com\/industry-analysis\/gas-pipeline-infrastructure-market\/request\/rs1<\/a><\/strong><\/p>\n

Gas Pipeline Infrastructure Market Report Highlights<\/strong><\/p>\n