North America Virtual Pipeline Systems Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Type (Standard Trailer and Towable Trailer), Gas (CNG, Hydrogen, and Others), Pressure Rating (Less than 3000 Psi, 3001 Psi to 5000 Psi, and More than 5001 Psi), and Application (Industrial, Transportation, and Commercial & Residential)

Code: BMIRE00027672 | Pages: 105 | Industry: Energy and Power | Date: Dec 2022 | Type: Regional

The virtual pipeline systems  market in North America is expected to grow from US$ 334.17 million in 2022 to US$ 524.37 million by 2028. It is estimated to grow at a CAGR of 7.8% from 2022 to 2028. 

Increasing Energy Demands Creating Need for Virtual Pipeline Systems

According to the latest edition of the IEA's semi-annual report on electricity markets, the North America energy demand increased by ~5% in 2021 after a drop of 1% in 2020 as an impact of the COVID-19 pandemic. The demand is expected to grow by 4% in 2022, mainly due to a recovering North America economy, leading the way. Furthermore, in recent times, natural gas has gained prominence as it burns cleaner than conventional fossil fuels, such as coal, gasoline, and diesel. The world is facing serious repercussions of North America warming, which is compelling a shift toward cleaner energy sources and natural gas. Virtual pipelines allow natural gas companies to extend their reach beyond their local market, thereby allowing them to expand their footprint. Virtual pipelines are designed for the land transport of gas shipments in containers by rail or road; they can also be transported on the water in coastal tankers and river ships. These systems can be employed to supply natural gas to power plants and private customers who cannot participate in pipeline development due to geological constraints. Virtual pipelines provide flexibility in transporting natural gas along with eliminating the need for large physical pipeline installations. The deployment of physical pipelines is not always feasible due to terrain or geopolitical issues, which further drives the virtual pipeline market.

Market Overview

The United States is a major producer and user of gas on the North America market. Furthermore, the virtual pipeline systems industry in the region will be driven by rising LNG and CNG production through techniques like storage flexibility technology. Repsol, a North America energy corporation, revealed Indonesia's world's largest gas discovery in February 2019, with estimated recoverable resources of over 2 trillion cubic feet (TCF). As a result, gas transportation is in high demand due to rising investment in new oilfields and discoveries. Furthermore, it is experiencing high demand for virtual pipelines due to the growing demand for natural gas for remote areas and transportation purposes. The recent shale gas revolution has led the US to energy independence. As a result, an uninterrupted supply of natural gas and reliable transportation by virtual pipelines are gaining momentum in North America.

North America Virtual Pipeline Systems Market  Revenue and Forecast to 2028 (US$ Million)

North America Virtual Pipeline Systems Market  Revenue and Forecast to 2028 (US$ Million)

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North America Virtual Pipeline Systems Market  Segmentation

The North America virtual pipeline systems market is segmented into type, gas, pressure rating, application, and country. 

Based on type, the market is segmented into standard trailer and towable trailer. The standard trailer segment registered the larger market share in 2022.

Based on gas, the market is segmented into CNG, hydrogen, and others. The CNG segment held the largest market share in 2022.

Based on pressure rating, the market is segmented into less than 3000 Psi, 3001 Psi to 5000 Psi, and more than 5001 Psi. The 3001 Psi to 5000 Psi segment held the largest market share in 2022.

Based on application, the market is segmented into industrial, transportation, and commercial & residential. The transportation segment held the largest market share in 2022.

Based on country, the market is segmented into the US, Mexico, and Canada. The US dominated the market share in 2022.  

Galileo Technologies S.A.; Bayotech, Inc.; Petroliam Nasional Berhad (PETRONAS); Quantum Fuel Systems LLC.; Chart Industries, Inc.; Fiba Technologies Inc.; Hexagon Agility; and Composite Advanced Technologies, LLC. are the leading companies operating in the virtual pipeline systems market in the region.   

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.        Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           North America Virtual Pipeline Systems Market Landscape

4.1         Market Overview

4.2         PEST Analysis

4.2.1        North America

4.3         Ecosystem Analysis

4.4         Expert Opinions

5.           North America Virtual Pipeline Systems Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Increasing Energy Demands Creating Need for Virtual Pipeline Systems

5.1.2        Rising Shale Gas Extraction Driving Demand for Virtual Pipeline System

5.2         Market Restraints

5.2.1        Significant Dominance of Conventional Pipeline Infrastructure

5.3         Market Opportunities

5.3.1        Growing Inclination towards Consumption of Natural Gas

5.4         Future Trends

5.4.1        Growing Investment in VPS Technologies

5.5         Impact Analysis of Drivers And Restraints

6.           Virtual Pipeline Systems – North America Market Analysis

6.1         North America Virtual Pipeline Systems Market Overview

6.2         North America Virtual Pipeline Systems Market Revenue Forecast and Analysis

7.           North America Virtual Pipeline Systems Market –  By Type

7.1         Overview

7.2         North America Virtual Pipeline Systems Market, By Type (2021 and 2028)

7.3         Standard Trailer

7.3.1        Overview

7.3.2        North America Standard Trailer: Virtual Pipeline Systems Market – Revenue and Forecast to 2028 (US$ Million)

7.4         Towable Trailer

7.4.1        Overview

7.4.2        North America Towable Trailer: Virtual Pipeline Systems Market – Revenue and Forecast to 2028 (US$ Million)

8.           North America Virtual Pipeline Systems Market –  By Gas

8.1         Overview

8.2         North America Virtual Pipeline Systems Market, By Gas (2021 and 2028)

8.3         CNG

8.3.1        Overview

8.3.2        North America CNG: Virtual Pipeline Systems Market – Revenue and Forecast to 2028 (US$ Million)

8.4         Hydrogen

8.4.1        Overview

8.4.2        North America Hydrogen: Virtual Pipeline Systems Market – Revenue and Forecast to 2028 (US$ Million)

8.5         Others

8.5.1        Overview

8.5.2        North America Others: Virtual Pipeline Systems Market – Revenue and Forecast to 2028 (US$ Million)

9.           North America Virtual Pipeline systems Market – By Pressure Rating

9.1         Overview

9.2         North America Virtual Pipeline Systems Market, By Pressure Rating (2021 and 2028)

9.3         Less than 3000 Psi

9.3.1        Overview

9.3.2        North America Less than 3000 Psi: Virtual Pipeline Systems Market – Revenue and Forecast to 2028 (US$ Million)

9.41 Psi to 5000 Psi

9.4.1        Overview

9.4.2        North America 3001 Psi to 5000 Psi: Virtual Pipeline Systems Market – Revenue and Forecast to 2028 (US$ Million)

9.5         More than 5001 Psi

9.5.1        Overview

9.5.2        North America More than 5001 Psi: Virtual Pipeline Systems Market – Revenue and Forecast to 2028 (US$ Million)

10.        North America Virtual Pipeline Systems Market – By Application

10.1      Overview

10.2      North America Virtual Pipeline Systems Market, By Application (2021 and 2028)

10.3      Industrial

10.3.1     Overview

10.3.2     North America Industrial: Virtual Pipeline Systems Market – Revenue and Forecast to 2028 (US$ Million)

10.4      Transportation

10.4.1     Overview

10.4.2     North America Transportation: Virtual Pipeline Systems Market – Revenue and Forecast to 2028 (US$ Million)

10.5      Commercial & Residential

10.5.1     Overview

10.5.2     North America Commercial & Residential: Virtual Pipeline Systems Market – Revenue and Forecast to 2028 (US$ Million)

11.        North America Virtual Pipeline Systems Market – Country Analysis

11.1      North America: Virtual Pipeline Systems Market

11.1.1     Overview North America: Virtual Pipeline Systems Market (US$ Million)

11.1.2     North America: Virtual Pipeline Systems Market, By Key Country

11.1.2.1       US: Virtual Pipeline Systems Market – Revenue and Forecast to 2028 (US$ Million)

11.1.2.1.1       US: Virtual Pipeline Systems Market, By Type

11.1.2.1.2       US: Virtual Pipeline Systems Market, By Gas

11.1.2.1.3       US: Virtual Pipeline Systems Market, By Pressure Rating

11.1.2.1.4       US: Virtual Pipeline Systems Market, By Application

11.1.2.2       Canada: Virtual Pipeline Systems Market – Revenue and Forecast to 2028 (US$ Million)

11.1.2.2.1       Canada: Virtual Pipeline Systems Market, By Type

11.1.2.2.2       Canada: Virtual Pipeline Systems Market, By Gas

11.1.2.2.3       Canada: Virtual Pipeline Systems Market, By Pressure Rating

11.1.2.2.4       Canada: Virtual Pipeline Systems Market, By Application

11.1.2.3       Mexico: Virtual Pipeline Systems Market – Revenue and Forecast to 2028 (US$ Million)

11.1.2.3.1       Mexico: Virtual Pipeline Systems Market, By Type

11.1.2.3.2       Mexico: Virtual Pipeline Systems Market, By Gas

11.1.2.3.3       Mexico: Virtual Pipeline Systems Market, By Pressure Rating

11.1.2.3.4       Mexico: Virtual Pipeline Systems Market, By Application

12.        Industry Landscape

12.1      Overview

12.2      New Product Launch

12.3      Merger and Acquisition

13.        Company Profiles

13.1      Galileo Technologies S.A.

13.1.1     Key Facts

13.1.2     Business Description

13.1.3     Products and Services

13.1.4     Financial Overview

13.1.5     SWOT Analysis

13.1.6     Key Developments

13.2      Bayotech, Inc.

13.2.1     Key Facts

13.2.2     Business Description

13.2.3     Products and Services

13.2.4     Financial Overview

13.2.5     SWOT Analysis

13.2.6     Key Developments

13.3      Petroliam Nasional Berhad (PETRONAS)

13.3.1     Key Facts

13.3.2     Business Description

13.3.3     Products and Services

13.3.4     Financial Overview

13.3.5     SWOT Analysis

13.3.6     Key Developments

13.4      Quantum Fuel Systems LLC.

13.4.1     Key Facts

13.4.2     Business Description

13.4.3     Products and Services

13.4.4     Financial Overview

13.4.5     SWOT Analysis

13.4.6     Key Developments

13.5      Chart Industries, Inc.

13.5.1     Key Facts

13.5.2     Business Description

13.5.3     Products and Services

13.5.4     Financial Overview

13.5.5     SWOT Analysis

13.5.6     Key Developments

13.6      Fiba Technologies Inc

13.6.1     Key Facts

13.6.2     Business Description

13.6.3     Products and Services

13.6.4     Financial Overview

13.6.5     SWOT Analysis

13.6.6     Key Developments

13.7      Hexagon Agility

13.7.1     Key Facts

13.7.2     Business Description

13.7.3     Products and Services

13.7.4     Financial Overview

13.7.5     SWOT Analysis

13.7.6     Key Developments

13.8      Composite Advanced Technologies, LLC.

13.8.1     Key Facts

13.8.2     Business Description

13.8.3     Products and Services

13.8.4     Financial Overview

13.8.5     SWOT Analysis

13.8.6     Key Developments

14.        Appendix

14.1      About The Insight Partners

14.2      Word Index

 

 

 

LIST OF TABLES

Table 1.             North America Virtual Pipeline Systems Market Revenue and Forecast to 2028 (US$ Million)

Table 2.             North America: Virtual Pipeline Systems Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 3.             North America: Virtual Pipeline Systems Market, By Gas – Revenue and Forecast to 2028 (US$ Million)

Table 4.             North America: Virtual Pipeline Systems Market, By Pressure Rating – Revenue and Forecast to 2028 (US$ Million)

Table 5.             North America: Virtual Pipeline Systems Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 6.             North America: Virtual Pipeline Systems Market, By Country – Revenue and Forecast to 2028 (US$ Million)

Table 7.             US: Virtual Pipeline Systems Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 8.             US: Virtual Pipeline Systems Market, By Gas – Revenue and Forecast to 2028 (US$ Million)

Table 9.             US: Virtual Pipeline Systems Market, By Pressure Rating – Revenue and Forecast to 2028 (US$ Million)

Table 10.          US: Virtual Pipeline Systems Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 11.          Canada: Virtual Pipeline Systems Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 12.          Canada: Virtual Pipeline Systems Market, By Gas – Revenue and Forecast to 2028 (US$ Million)

Table 13.          Canada: Virtual Pipeline Systems Market, By Pressure Rating – Revenue and Forecast to 2028 (US$ Million)

Table 14.          Canada: Virtual Pipeline Systems Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 15.          Mexico: Virtual Pipeline Systems Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 16.          Mexico: Virtual Pipeline Systems Market, By Gas – Revenue and Forecast to 2028 (US$ Million)

Table 17.          Mexico: Virtual Pipeline Systems Market, By Pressure Rating – Revenue and Forecast to 2028 (US$ Million)

Table 18.          Mexico: Virtual Pipeline Systems Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 19.          List of Abbreviation

 

 

 

LIST OF FIGURES

Figure 1.           North America Virtual Pipeline Systems Market Segmentation

Figure 2.           North America Virtual Pipeline Systems Market Segmentation – By Country

Figure 3.           North America Virtual Pipeline Systems Market Overview

Figure 4.           North America Virtual Pipeline Systems Market, By Type

Figure 5.           North America Virtual Pipeline Systems Market, By Country

Figure 6.           North America – PEST Analysis

Figure 7.           North America Virtual Pipeline Systems Market- Ecosystem Analysis

Figure 8.           North America Virtual Pipeline Systems Market Impact Analysis of Drivers and Restraints

Figure 9.           North America Virtual Pipeline Systems Market Revenue Forecast and Analysis (US$ Million)

Figure 10.        North America: Virtual Pipeline Systems Market Revenue Share, by Type (2021 & 2028)

Figure 11.        North America Standard Trailer: Virtual Pipeline Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 12.        North America Towable Trailer: Virtual Pipeline Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13.        North America: Virtual Pipeline Systems Market Revenue Share, by Gas (2021 & 2028)

Figure 14.        North America CNG: Virtual Pipeline Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15.        North America Hydrogen: Virtual Pipeline Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16.        North America Others: Virtual Pipeline Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17.        North America: Virtual Pipeline Systems Market Revenue Share, by Pressure Rating (2021 & 2028)

Figure 18.        North America Less than 3000 Psi: Virtual Pipeline Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19.        North America 3001 Psi to 5000 Psi: Virtual Pipeline Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20.        North America More than 5001 Psi: Virtual Pipeline Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21.        North America: Virtual Pipeline Systems Market Revenue Share, by Application (2021 & 2028)

Figure 22.        North America Industrial: Virtual Pipeline Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23.        North America Transportation: Virtual Pipeline Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.        North America Commercial & Residential: Virtual Pipeline Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25.        Overview North America: Virtual Pipeline Systems Market (US$ Million)

Figure 26.        North America: Virtual Pipeline Systems Market Revenue Share, by Key Country (2021 & 2028)

Figure 27.        US: Virtual Pipeline Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28.        Canada: Virtual Pipeline Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29.        Mexico: Virtual Pipeline Systems Market – Revenue and Forecast to 2028 (US$ Million)

  1. Galileo Technologies S.A.
  2. Bayotech, Inc.
  3. Petroliam Nasional Berhad (PETRONAS)
  4. Quantum Fuel Systems LLC.
  5. Chart Industries, Inc.
  6. Fiba Technologies Inc.
  7. Hexagon Agility
  8. Composite Advanced Technologies, LLC.
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