At 6.9% CAGR, Asia Pacific Gas Pipeline Infrastructure Market is Projected to be Worth US$ 1,074.90 Billion by 2030, says Business Market Insights

According to Business Market Insights research, the Asia Pacific gas pipeline infrastructure market was valued at US$ 630.90 billion in 2022 and is expected to reach US$ 1,074.90 billion by 2030, registering a CAGR of 6.9% from 2022 to 2030. Integration with renewable energy and increase in energy demand are among the critical factors attributed to the Asia Pacific gas pipeline infrastructure market expansion.

Integration with renewable energy involves leveraging natural gas pipelines to support the intermittent nature of renewable sources such as solar and wind power. This integration offers opportunities for pipeline operators to collaborate with renewable energy developers and invest in infrastructure that complements renewable energy generation. For example, gas-fired power plants can provide backup and grid stability during periods of low renewable energy output, reducing reliance on fossil fuels and carbon emissions. Additionally, advancements in technologies like power-to-gas allow excess renewable energy to be converted into hydrogen or synthetic natural gas, which can be stored in pipelines for later use. By integrating natural gas pipelines with renewable energy sources, companies can contribute to decarbonization efforts, enhance energy security, and support the transition to a more sustainable energy system.

On the contrary, rapid expansion or investment towards renewable power generation from solar and wind hampers the growth of Asia Pacific gas pipeline infrastructure market.

Based on operation, the Asia Pacific gas pipeline infrastructure market is bifurcated into transmission and distribution. The distribution segment held 75.5% share of Asia Pacific gas pipeline infrastructure market in 2022, amassing US$ 476.48 billion. It is projected to garner US$ 819.19 billion by 2030 to expand at 7.0% CAGR during 2022-2030.

In terms of equipment, the Asia Pacific gas pipeline infrastructure market is categorized into pipeline, compressor station, metering skids, and valves. The pipeline segment held 52.4% share of Asia Pacific gas pipeline infrastructure market in 2022, amassing US$ 330.38 billion. It is projected to garner US$ 569.64 billion by 2030 to expand at 7.0% CAGR during 2022-2030.

Based on application, the Asia Pacific gas pipeline infrastructure market is bifurcated into onshore and offshore. The onshore segment held 75.5% share of Asia Pacific gas pipeline infrastructure market in 2022, amassing US$ 476.23 billion. It is projected to garner US$ 816.08 billion by 2030 to expand at 7.0% CAGR during 2022-2030.

By country, the Asia Pacific gas pipeline infrastructure market has been categorized into China, Japan, India, Indonesia, Australia, and the Rest of Asia Pacific. Our regional analysis states that Japan captured 33.7% share of Asia Pacific gas pipeline infrastructure market in 2022. It was assessed at US$ 212.62 billion in 2022 and is likely to hit US$ 285.71 billion by 2030, exhibiting a CAGR of 3.8% during 2022-2030.

Key players operating in the Asia Pacific gas pipeline infrastructure market are Berkshire Hathaway Inc, Pipeline Infrastructure Ltd, Saipem SpA, and China Petroleum & Chemical Corp, among others.

• In July-2022, Pipeline Infrastructure Ltd collaborated with DNV to integrate blended hydrogen. into its gas trunkline assets in India, which include transmission pipelines, interconnects and spur lines, compressors, valves, and metering stations and equipment.
  
  

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