Asia Pacific Gas Pipeline Infrastructure Market
No. of Pages: 74 | Report Code: BMIRE00030356 | Category: Energy and Power
No. of Pages: 74 | Report Code: BMIRE00030356 | Category: Energy and Power
The Asia Pacific gas pipeline infrastructure market is expected to grow from US$ 630.90 billion in 2022 to US$ 1,074.90 billion by 2030. It is estimated to record a CAGR of 6.9% from 2022 to 2030. Increase in Energy Demand Boosts Asia Pacific Gas Pipeline Infrastructure Market
The rising population and growing urbanization are a few factors boosting the consumption of energy worldwide. For instance, India is the third largest energy-consuming country worldwide, owing to growing incomes and improved living standards; after China and the US, India's energy consumption has doubled since 2000, with 80% of demand still met by oil, coal, and solid biomass. Natural gas accounts for 6% of India's energy portfolio. However, over the next 20 years, India's gas consumption is projected to more than double its share of the energy portfolio, owing to its high demand in manufacturing, commercial, and industrial sectors. Natural gas has the potential application in electricity generation, which boosts its demand. Furthermore, due to the increasing energy uncertainties in Europe owing to the Russia-Ukraine war, governments of several countries are also boosting the application of natural gas. Thus, the increase in energy demand fuels the growth of the gas pipeline infrastructure market.Asia Pacific Gas Pipeline Infrastructure Market Overview
Natural gas power generation is driven by LNG, which has the least emission and thus has the lowest environmental impact among all fossil fuels. As a cleaner energy source, it is presumed to serve energy demand in several countries of Asia Pacific. China, Japan, and India are a few of the major countries operating in the gas pipeline infrastructure market in Asia Pacific. Government rules, regulations, and reforms to support the production and distribution of natural gas are major driving factors for the development of gas pipeline infrastructure in Asia Pacific. Government financing and support toward expanding gas pipelines for improved gas supply and access is also influencing the market for gas pipeline infrastructure across Asia Pacific. The growing application of natural gas in different commercial and industrial sectors in Asia Pacific is likely to fuel the gas pipeline infrastructure market growth soon. The growing focus on developing a carbon-neutral society is boosting the application and demand for natural gas in various commercial and industrial sectors. In addition, the rising demand for natural gas for electricity generation is also acting as a major booster for the gas pipeline infrastructure market. Japan Petroleum Exploration Company Limited (JAPEX), one of the major companies in gas infrastructure in Japan, has established a network of high-pressure gas pipelines, expanding up to 800 km or more, which primarily focuses on the domestic gas supply system. The network bridges the gap between domestic oil & gas sites and LNG terminals to provide natural gas to clients through the pipelines. Niigata-Sendai Gas Pipeline, Soma-Iwanuma Gas Pipeline, and Shiroishi-Koriyama Gas Pipeline are a few of the major gas pipeline networks in Japan. The Japanese gas sector has been witnessing a few strong collaborations, which are expected to fortify its production operations in the coming years. JX Nippon Oil & Gas Exploration Corporation is currently in the process of acquiring the Japan Drilling Co. (JDC) to strengthen its position in the oil & gas sector. Japanese companies have also procured strong contracts for offshore gas operations in different countries. In February 2023, JDC won a contract to provide drilling support to the Hakuryu-11 jack-up rig at the Bualuang field offshore Thailand. Such developments are fueling the growth of the gas pipeline infrastructure market in Japan.
Asia Pacific Gas Pipeline Infrastructure Market Revenue and Forecast to 2030 (US$ Billion)
Strategic insights for the Asia Pacific Gas Pipeline Infrastructure provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the Asia Pacific Gas Pipeline Infrastructure refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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Report Attribute
Details
Market size in 2022
US$ 630.90 Billion
Market Size by 2030
US$ 1,074.90 Billion
Global CAGR (2022 - 2030)
6.9%
Historical Data
2020-2021
Forecast period
2023-2030
Segments Covered
By Operation
By Equipment
By Application
Regions and Countries Covered
Asia-Pacific
Market leaders and key company profiles
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Asia Pacific Gas Pipeline Infrastructure Market Segmentation
The Asia Pacific gas pipeline infrastructure market is segmented into operation, equipment, application, and country.
Based on operation, the Asia Pacific gas pipeline infrastructure market is bifurcated into transmission and distribution. The distribution segment held a larger share of Asia Pacific gas pipeline infrastructure market in 2022.
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 the largest share of Asia Pacific gas pipeline infrastructure market in 2022.
Based on application, the Asia Pacific gas pipeline infrastructure market is bifurcated into onshore and offshore. The onshore segment held a larger share of Asia Pacific gas pipeline infrastructure market in 2022.
Based on country, the Asia Pacific gas pipeline infrastructure market is segmented into China, Japan, India, Indonesia, Australia, and the Rest of Asia Pacific. Japan dominated the Asia Pacific gas pipeline infrastructure market in 2022.
Berkshire Hathaway Inc, Pipeline Infrastructure Ltd, Saipem SpA, and China Petroleum & Chemical Corp are some of the leading companies operating in the Asia Pacific gas pipeline infrastructure market.
1. Berkshire Hathaway Inc
2. Pipeline Infrastructure Ltd
3. Saipem SpA
4. China Petroleum & Chemical Corp
The Asia Pacific Gas Pipeline Infrastructure Market is valued at US$ 630.90 Billion in 2022, it is projected to reach US$ 1,074.90 Billion by 2030.
As per our report Asia Pacific Gas Pipeline Infrastructure Market, the market size is valued at US$ 630.90 Billion in 2022, projecting it to reach US$ 1,074.90 Billion by 2030. This translates to a CAGR of approximately 6.9% during the forecast period.
The Asia Pacific Gas Pipeline Infrastructure Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Gas Pipeline Infrastructure Market report:
The Asia Pacific Gas Pipeline Infrastructure Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Gas Pipeline Infrastructure Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Gas Pipeline Infrastructure Market value chain can benefit from the information contained in a comprehensive market report.
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