Pipeline Transportation Market Share

North America Market Analysis

In pipeline transportation market, North America region is poised to hold more than 47.5% revenue share by 2037. The region is leading global growth with its efforts to garner advanced infrastructure for exporting and importing industrial essentials. In addition, the well-developed domestic countries are proactively taking part in creating a large consumer base for this sector through their lead in global trade in these materials. According to the 2022 OEC report, the U.S. and Canada were among the largest exporters of natural gas, reaching USD 17.3 billion and USD 19 billion respectively.  On the other hand, another 2022 OEC report states that the U.S. became the 2nd largest importer of crude petroleum in the world, accounting for USD 199 billion.

The U.S. is creating a great scope of business for both global and domestic leaders in the pipeline transportation market with its extensive infrastructure. This inspires companies to create better networks of exports and imports, inflating demand in this sector. For instance, in July 2024, ADCC Pipeline, the joint venture of Whistler Pipeline LLC and Cheniere Energy, Inc. started providing commercial services for supplying natural gas. The new pipeline is capable of delivering 1.7 billion cubic feet of natural gas per day to the Cheniere Corpus Christi Liquefaction facility from Agua Dulce Header in South Texas.

With a widespread network and reservoir of oil, gases, and other raw materials, Canada is expected to foster the potential for lucrative growth in the pipeline transportation market. The country is now strengthening its cross-border relationships with large consumers by increasing supply. For instance, in May 2023, Marubeni partnered with Pembina Pipeline Corporation to jointly develop a low-carbon hydrogen and ammonia supply chain from Western Canada to the Asia landscape. The project includes the development of a global-scale production facility in the Alberta Industrial Heartland. Such projects further inflate the demand in this industry.

Europe Market Statistics

The pipeline transportation market in Europe is estimated to capture a significant share by the end of 2037 with increasing need for energy security and development of new energy sources. Countries such as Russia are establishing more efficient transit points to cope with the inflating demand in this sector. This is further attracting companies to participate in leveraging the efficiency of transportation for renewable energy resources. For instance, in November 2024, Tenaris announced its participation in the SafeH2Pipe Joint Industry Project for the safe transportation of hydrogen and hydrogen blends through pipelines in Europe. With the partnering companies, Tenaris aims to develop new guidelines for material selection and qualification.

The UK is predicted to offer lucrative opportunities for global leaders in the pipeline transportation market. The country is now focusing on securing resources for green energy generation, creating scope for advancement in this sector. For instance, in November 2024, Exolum started a project to transport and store green hydrogen on a commercial scale by leveraging existing storage and pipeline network in the UK. The company aims to create an innovative transport model for liquid hydrogen by utilizing LOHC.

Germany is expected to garner notable revenue from the pipeline transportation market due to increasing investments from domestic leaders. Many companies are now participating in the country’s goal to implement clean energy sources by establishing reliable networks. For instance, in July 2024, EnBW announced its plans to invest around USD 1 billion to secure the future hydrogen economy of the country by participating in the pipeline projects. The investment was made to support the national hydrogen core network by converting existing pipelines.