Report : Europe Gas Pipeline Infrastructure Market Forecast to 2030 - Regional Analysis - by Operation (Transmission and Distribution), Equipment (Pipeline, Compressor Station, Metering Skids, and Others), and Application (Onshore and Offshore)
At 2.1% CAGR, Europe Gas Pipeline Infrastructure Market is Projected to be Worth US$ 11,480.39 Billion by 2030, says Business Market Insights
According to Business Market Insights research, the Europe gas pipeline infrastructure market was valued at US$ 9,715.58 billion in 2022 and is expected to reach US$ 11,480.39 billion by 2030, registering a CAGR of 2.1% from 2022 to 2030. Rise in demand for natural gas and increase in energy demand are among the critical factors attributed to the Europe gas pipeline infrastructure market expansion.
Cost competitiveness plays a pivotal role in driving the gas pipe infrastructure market by influencing investment decisions and project viability. Compared to alternative transportation methods such as LPG tankers or trucks, gas pipelines offer significant cost of advantages over long distances. The initial capital expenditure required for pipeline construction is often offset by lower operating costs and higher efficiency in the long run. Moreover, pipelines provide a continuous and reliable transportation method for storage facilities and associated costs. This cost-effectiveness appeals to investors, governments, and energy companies seeking reliable and affordable means of transporting natural gas to meet growing demand. Consequently, the emphasis on cost competitiveness encourages the development of new pipeline projects and the expansion of existing infrastructure to optimize supply chains and ensure competitive pricing in the gas market.
On the contrary, rapid expansion or investment towards renewable power generation from solar and wind hampers the growth of Europe gas pipeline infrastructure market.
Based on operation, the Europe gas pipeline infrastructure market is bifurcated into transmission and distribution. The distribution segment held 80.4% share of Europe gas pipeline infrastructure market in 2022, amassing US$ 7,815.11 billion. It is projected to garner US$ 9,212.32 billion by 2030 to expand at 2.1% CAGR during 2022-2030.
In terms of equipment, the Europe gas pipeline infrastructure market is categorized into pipeline, compressor station, metering skids, and valves. The pipeline segment held 52.2% share of Europe gas pipeline infrastructure market in 2022, amassing US$ 5,067.32 billion. It is projected to garner US$ 6,105.72 billion by 2030 to expand at 2.4% CAGR during 2022-2030.
Based on application, the Europe gas pipeline infrastructure market is bifurcated into onshore and offshore. The onshore segment held 77.7% share of Europe gas pipeline infrastructure market in 2022, amassing US$ 7,544.29 billion. It is projected to garner US$ 8,875.96 billion by 2030 to expand at 2.1% CAGR during 2022-2030.
By country, the Europe gas pipeline infrastructure market has been categorized into Germany, France, Italy, Spain, Russia, the UK, and the Rest of Europe. Our regional analysis states that the Rest of Europe 28.5% share of Europe gas pipeline infrastructure market in 2022. It was assessed at US$ 2,764.89 billion in 2022 and is likely to hit US$ 3,295.28 billion by 2030, exhibiting a CAGR of 2.2% during 2022-2030.
Key players operating in the Europe gas pipeline infrastructure market are Enbridge Inc, Berkshire Hathaway Inc, Kinder Morgan Inc, Beltps, Enagas SA, and Saipem SpA, among others.
- In February-2023, Enagas signed an agreement with Reganosa in which Enagas paid 54 million euros to Reganosa to purchase a network of 130 km of natural gas pipelines. The Iberian gas market's efficient operation and supply security are dependent on this network.
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