PUNE, India, October 3, 2016 /PRNewswire/ --
The global natural gas pipeline market 2016 report says current economic scenario is marked by significant collaboration between world economic powers as international economic bandwagon, with its tow of energy-hungry developing nations, cannot rule out the energy security crises sprouting up. Therefore, one of the most positive trends that have emerged out of the historical picture is the rising collaboration between nations to share the energy resources. More and more nations are pooling in their resources and signing joint-development pacts for the planning and implementation of oil and gas pipelines.
Complete report on natural gas pipeline market spread across 65 pages, analyzing 6 major companies and providing 30 data exhibits now available at http://www.reportsnreports.com/reports/699285-global-natural-gas-pipeline-market-2016-2020.html.
The analysts forecast global natural gas pipeline market to grow at a CAGR of 0.205% during the period 2016-2020. According to the natural gas pipeline market report, one of the most important questions facing the development of any new gas or broader hydrocarbon reserves is the connectivity to the consumer markets. With the inherent limitations and the risks associated with the other transportation methods, pipelines have evolved as the most opted solution. The most important factor that favors natural gas pipelines over sea-going LNG tankers is the increasing remoteness of the next-generation reservoirs that might be far inlands. Unlike crude oil, natural gas has only two viable means of transportation, pipelines or LNG tankers.
The global natural gas pipeline market will grow moderately during the next four years and will reach a natural gas pipe length of more than 2651 miles by the end of the forecast period. This market research analysis identifies the decline in steel prices as one of the primary growth factors for this market. Steel is one of the major raw materials used in manufacturing natural gas pipelines and studies have shown that the cost of steel amounts to almost 16% of the total cost for manufacturing one mile of gas pipeline. As a result, the current trend of decreasing steel prices will significantly drive the growth of the natural gas pipeline market in the next few years.
The Americas will account for almost 81% shares of the natural gas pipeline market by 2020 and also predicts that the region to dominate this market throughout the forecast period. This will manly attribute to the increase in several technological and service-based investments in the oil and gas industry. The report estimates that the length of the natural gas pipelines will reach more than 2141 miles by the end of the forecast period.
The following companies are the key players in the global natural gas pipeline market: ABB, GE Oil & Gas, Saipem, Technip, Enterprise Product Partners, and BP. Other prominent vendors in the market are: Bharat Petroleum, Cairn, Caspian Pipeline Consortium, China National Petroleum, Inter Pipeline, MOL, Saudi Aramco, Sunoco, Valero Energy, Aker Solutions, Bechtel, Daewoo Engineering & Construction, Hyundai Heavy Engineering, Mott Macdonald, Tecnicas Reunidas, Worley Parson, Emerson Process Management, FMC Technologies, Huawei Technologies, Infosys, Rockwell Automation, SAP, Schneider Electric, Wipro, Yokogawa Electric, and ZTE. Order a copy of Global Natural Gas Pipeline Market 2016-2020 report @ http://www.reportsnreports.com/purchase.aspx?name=699285.
Global Natural Gas Pipeline Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the top vendors operating in the market.
Another related report is Global Crude Oil Pipelines Market 2016-2020, in the present era of fossil fuels, the oil reserves are facing a threat of depletion. This has not only inflated the costs of hydrocarbon acquisition but also displaced the operations geographically. The major hydrocarbon-rich regions around the world were identified in the early 20th century, and most operations were based out of these areas for the next century or so. Browse complete report at http://www.reportsnreports.com/reports/699280-global-crude-oil-pipelines-market-2016-2020.html.
Explore other new reports on Energy and Power Market @ http://www.reportsnreports.com/market-research/energy-and-power-supplies/.
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