The Global natural gas pipeline infrastructure market is expected to reach US$3.228 trillion by 2027

According to a report by Grand View Research Inc., the global natural gas pipeline infrastructure market is expected to reach US$3.228 trillion in 2027. According to the report, during the forecast period, this growth will be a compound annual growth rate of 3.4% based on revenue/quantity. Increased natural gas imports and increased investment in infrastructure and network expansion may increase market demand. According to the report, the market is mainly due to improved safety and has replaced the existing pipeline infrastructure, and the expansion of pipelines in certain areas will also bring a major boost.

The report pointed out that Gazprom invested 5.9 billion euros in the expansion of infrastructure in the Sakhalin region and built nine natural gas pipelines between settlements between 2008 and 2018. During the forecast period, oil and gas pipelines will be the fastest growing industry, with a compound annual growth rate of 3.3% based on revenue, due to the discovery of new natural gas reserves in the United States and China.

According to the report, due to the increasing demand for natural gas from homes, power plants and industries worldwide, transmission and distribution pipelines accounted for US$1.693 trillion of the total estimated transmission and distribution pipelines. Due to the increase in global natural gas imports and exports, by 2027, oil pipelines are expected to achieve a compound annual revenue growth rate of 3.2%. As the consumption of natural gas in emerging economies and the increased dependence on imports from other regions, the Asia-Pacific region is expected to experience the fastest growth, with a compound annual growth rate of 3.7% based on revenue.