Virtual Pipeline Systems Market Research Covers, Future Trends and Opportunities, Past, Present Data and Deep Analysis by The Insight Partners - Digital Journal

Hi, what are you looking for?

According to The Insight Partners, the latest market study on “Virtual Pipeline Systems Market Size, Share, Growth Analysis and Forecast 2028,” the market size is expected to reach US$ 1,886.83 million by 2028, registering at a CAGR of 9.2% from 2022 to 2028. The increase in energy demand is a key factor driving the market. In recent times, natural gas has gained prominence as it burns cleaner than conventional fossil fuels such as coal, gasoline, and diesel. Cng Compressor For Sale

Virtual Pipeline Systems Market Research Covers, Future Trends and Opportunities, Past, Present Data and Deep Analysis by The Insight Partners - Digital Journal

Growing Inclination Toward Consumption of Natural Gas Provide Lucrative Opportunities for Virtual Pipeline Systems Market

The world is facing serious repercussions of global 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.

Get a Sample Copy for Virtual Pipeline Systems Market Research Report at –

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.

Bayotech, Inc; CNG Services Ltd; Petroliam Nasional Berhad (PETRONAS); RAG Austria AG; Quantum Fuel Systems LLC; Galileo Technologies S.A.; Chart Industries, Inc.; SHIJIAZHUANG ENRIC GAS EQUIPMENT CO., LTD; Fiba Technologies Inc; Hexagon Agility; and Composite Advanced Technologies, LLC are among the key players operating in the virtual pipeline systems market. In addition, several other market players have been analyzed to understand the virtual pipeline systems market.

The virtual pipeline systems market study primarily focuses on two segments—type, gas, pressure rating, and application. Based on the type segment, the virtual pipeline systems market is subsegmented into standard trailer and towable trailer. Based on gas, the virtual pipeline systems market is further segmented into CNG, hydrogen, and others. The pressure rating segment is subsegmented into less than 3000 Psi, 3001 Psi to 5000 Psi, and more than 5000 Psi. The application segment is further segmented into industrial, transportation, commercial, and residential. By geography, the virtual pipeline systems market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Continuous advancements in shale drilling technologies have made shales the next reliable energy resource. Shale gas can be utilized as a greener energy option in countries that are dependent on coal as an energy source, as it emits less carbon than coal. Shale gas production has resulted in the abundance of natural gas supply worldwide. According to the Energy Information Administration (EIA), the unproven, theoretically recoverable shale gas potential of the US is estimated to be 482 trillion cubic feet.

Speak to Our Analyst regarding Virtual Pipeline Systems Market report queries at –

Shale gas output in the country surged 12 folds in the previous decade, and the growth is likely to continue until 2035, which would continue to favor the growth of virtual pipeline vendors. Further, several governments worldwide are collaborating with new smaller agencies for gas transportation. In October 2018, the Nigerian National Petroleum Corporation awarded a contract to a private company (undisclosed) to build a virtual pipeline system. The project is designed to deliver ~84 million standard cubic feet of gas per day (mmscf/d).

Impact of COVID-19 Pandemic on Virtual Pipeline Systems Market:

COVID-19 pandemic negatively affected the global virtual pipeline systems market. The COVID-19 outbreak impacted oil & gas and energy development in Asian countries such as India and China. China is one of the biggest importers of compressed natural gas and other gases. China witnessed the lowest gas consumption rate due to high import prices, slowing economic growth, mainly hampered because of COVID-19 lockdowns. With gas supply growth harder hit by the impact of COVID-19, buyers will have to increasingly look to existing CNG and LNG supply to secure future long-term deliveries. Less LNG will be available for short-term and spot purchases when more countries wish to increase imports.

Players operating in the virtual pipeline systems market are mainly focused on the development of advanced and efficient products.

– In 2022, H&P made a cornerstone investment of US$ 33 million into Galileo Technologies, supporting Galileo’s unique technology platform focused on decarbonizing the energy supply chain. The companies also plan to identify and pursue business development opportunities that, if successful, have the potential to reduce fuel costs and carbon emissions from power consumption on well-sites.

– In 2022, Chevron—one of the top integrated energy corporations in the world—placed an order for four HyFillTM hydrogen transport trailers with BayoTech, a pioneer in hydrogen solutions. Chevron will distribute high-pressure gaseous hydrogen for industrial, transportation, and power production uses in the Western US using BayoTech’s transport trailers.

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

If you have any queries about this report or if you would like further information, please contact us:

In a poll, 57 percent of voters said they were in favor of Elon Musk stepping down just eight weeks after he took ownership...

This is the challenge to science – Can humanity adapt to itself?

Nike reported better-than-expected results despite heavy discounting due to a glut of goods - Copyright AFP/File Yuichi YAMAZAKINike reported flat profits on higher sales...

The European Vega-C rocket was lost shortly after lift-off from French Guiana on Tuesday with two Airbus satellites on board.

Virtual Pipeline Systems Market Research Covers, Future Trends and Opportunities, Past, Present Data and Deep Analysis by The Insight Partners - Digital Journal

Cheap Air Compressor COPYRIGHT © 1998 - 2022 DIGITAL JOURNAL INC. Sitemaps: XML / News . Digital Journal is not responsible for the content of external sites. Read more about our external linking.