Pipeline Transportation Market Size, Share, Growth Analysis, By Type(Transmission pipelines, distribution pipelines, and gathering pipelines.), By Service(Maintenance & Support Services, Managed Services, and Consulting Services), By Application(Oil & Gas, Water, Coal, and Others), By Region - Industry Forecast 2024-2031

Global Pipeline Transportation Market size was valued at USD 20.33 Billion in 2022 and is poised to grow from USD 22.18 Billion in 2023 to USD 44.52 Billion by 2031, growing at a CAGR of 9.10% in the forecast period (2024-2031).

The pipeline transportation market exhibits unique advantages, particularly in facilitating the one-way movement of goods while being relatively insulated from inflationary pressures that impact transport costs. Unlike traditional transportation methods, pipeline transportation presents a range of benefits such as economical operation, eco-friendliness, adaptability, and full automation of loading and unloading processes. These factors are serving as strong catalysts propelling the rapid expansion of the pipeline transport market.

The global pipeline transportation industry is fueled by several compelling factors. Notably, the surging demand for oil and gas across the energy and chemical sectors emerges as a pivotal driver, underpinning the growth trajectory of pipeline transportation. Additionally, the quest for cost-effective transportation systems for chemicals and various liquid products is propelling the worldwide pipeline transportation market. The simultaneous surge in population and industrialization is set to elevate the need for chemicals and water resources, consequently driving the employment of pipeline transportation for efficiently conveying liquids to diverse end-users and industries. In the domain of oil and gas, pipelines play an essential role in ferrying crude oil from extraction sites to refineries where an array of petroleum derivatives are extracted. These derivatives are integral to numerous industries, ultimately benefiting consumers.

Anticipating the road ahead, emerging economies such as India and China are poised to harness pipeline transportation for oil and gas distribution, opening fresh avenues for market growth.

US Pipeline Transportation Market is poised to grow at a sustainable CAGR for the next forecast year.