North America Virtual Pipeline Equipment Market Size and Forecast, Country Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type, Gas, and Application, and Country

Description

List of Tables

The North America virtual pipeline equipment market size is projected to reach US$ 867.92 million by 2031 from US$ 463.34 million in 2023. The market is expected to register a CAGR of 8.2% during 2023-2031.

The North America virtual pipeline equipment market is segmented into equipment type, gas, and application. Based on equipment type, the market is divided into decompression units, compression units, transportation units, and dispensing units. In terms of gas, the market is categorized into CNG, hydrogen, RNG, and others. By application, the market is divided into utility pipeline/pipeline repair, industrial, transportation, commercial & residential, and fracking.

Chesapeake Utilities Corp, Stabilis Solutions Inc, Algas-SDI International LLC, ANGI Energy Systems LLC, Broadwind Inc, Cobey Inc, Cryopeak LNG Solutions Corp, Galileo Technologies SA, Quantum Fuel Systems LLC, Hexagon Composites ASA, Kinder Morgan Inc, Xpress Natural Gas, LLC, Aggreko Ltd, Fiba Technologies Inc, CMD Alternative Energy Solutions, Plum Gas Solutions LLC, and Chart Industries Inc are among the key players operating the North America virtual pipeline equipment market.

According to the US Energy Information Administration Annual Energy Outlook 2023, all forms of energy consumption in the US are projected to increase from 0% to 15% between 2022 and 2050 due to population outbursts and economic growth. The energy sector in the US is majorly divided into four major end-use sectors-industrial, transportation, residential, and commercial. Energy consumption in the industrial sector is expected to rise by 5% to 32% from 2022 to 2050. In the transportation sector, energy consumption is expected to fall by 10% between 2022 and 2050 or increase by 8%. Economic growth projections heavily influence both sectors; as the economy expands, more energy is consumed. Therefore, various market players are reaching out to virtual pipeline equipment providers to deliver oil and gas. For example, in May 2022, Quantum Fuel Systems (Quantum), a fully integrated alternative energy company, was selected by Certarus Ltd. ("Certarus") to deliver industry-leading virtual pipeline trailers for natural gas with a total value of ~US$ 22 million. The trailers were delivered in Q3 and Q4 2022.

Based on gas, the North America virtual pipeline equipment market has been segmented into CNG, hydrogen, RNG, and others. The CNG segment held the largest share in the North America virtual pipeline equipment market in 2023. Hydrogen gas can be transported through a virtual pipeline equipment. Transporting gaseous hydrogen through existing pipelines is a low-cost option to deliver large volumes of hydrogen. Further, rapidly expanding hydrogen delivery infrastructure to deliver pure hydrogen requires the reinforcement of natural gas infrastructure. The world is focused on decarbonization, which has led to the investment and focus on the production and supply of hydrogen. The continuous R&D in hydrogen and the rise in demand for hydrogen for applications such as hydrogen fuel cell vehicles would create opportunities for the increased trading activities of hydrogen in the coming years. This factor generates the demand for virtual pipeline equipment for the transportation of hydrogen. The North America virtual pipeline equipment market is experiencing growth as the region is one of the leaders in hydrogen production. According to Invest in Canada, Canada has one of the clean hydrogen facilities across the world, and the country is among the top 10 hydrogen producers worldwide. Increasing investments in hydrogen production is likely to create substantial opportunity for the segment during the forecast period. As to deliver the hydrogen to end consumers, there will be substantial demand for virtual pipeline equipment.

Product Code: TIPRE00029807

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:

4. North America Virtual Pipeline Equipment Market Landscape

4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
- 4.3.1 List of Vendors in the Value Chain

5. North America Virtual Pipeline Equipment Market - Key Market Dynamics

5.1 North America Virtual Pipeline Equipment Market - Key Market Dynamics
5.2 Market Drivers
- 5.2.1 Increasing Energy Demand
- 5.2.2 Rising Shale Gas Exploration and Extraction Projects
5.3 Market Restraints
- 5.3.1 Significant Dominance of Conventional Pipeline Infrastructure
5.4 Market Opportunities
- 5.4.1 Growing Inclination Toward Natural Gas Consumption
5.5 Future Trends
- 5.5.1 Growing Advancements in Virtual Pipeline Technologies
5.6 Impact of Drivers and Restraints:

6. North America Virtual Pipeline Equipment Market Analysis

6.1 Overview
6.2 North America Virtual Pipeline Equipment Market Revenue (US$ Million), 2021-2031
6.3 North America Virtual Pipeline Equipment Market Forecast and Analysis

7. North America Virtual Pipeline Equipment Market Analysis - by Type

7.1 Decompression Units
- 7.1.1 Overview
- 7.1.2 Decompression Units: North America Virtual Pipeline Equipment Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Compression Units
- 7.2.1 Overview
- 7.2.2 Compression Units: North America Virtual Pipeline Equipment Market - Revenue and Forecast to 2031 (US$ Million)
7.3 Transportation Units
- 7.3.1 Overview
- 7.3.2 Transportation Units: North America Virtual Pipeline Equipment Market - Revenue and Forecast to 2031 (US$ Million)
7.4 Dispensing Units
- 7.4.1 Overview
- 7.4.2 Dispensing Units: North America Virtual Pipeline Equipment Market - Revenue and Forecast to 2031 (US$ Million)

8. North America Virtual Pipeline Equipment Market Analysis - by Gas

8.1 CNG
- 8.1.1 Overview
- 8.1.2 CNG: North America Virtual Pipeline Equipment Market - Revenue and Forecast to 2031 (US$ Million)
8.2 Hydrogen
- 8.2.1 Overview
- 8.2.2 Hydrogen: North America Virtual Pipeline Equipment Market - Revenue and Forecast to 2031 (US$ Million)
8.3 RNG
- 8.3.1 Overview
- 8.3.2 RNG: North America Virtual Pipeline Equipment Market - Revenue and Forecast to 2031 (US$ Million)
8.4 Others
- 8.4.1 Overview
- 8.4.2 Others: North America Virtual Pipeline Equipment Market - Revenue and Forecast to 2031 (US$ Million)

9. North America Virtual Pipeline Equipment Market Analysis by Application

9.1 Utility Pipeline/Pipeline Repair
- 9.1.1 Overview
- 9.1.2 Utility Pipeline/Pipeline Repair: North America Virtual Pipeline Equipment Market - Revenue and Forecast to 2031 (US$ Million)
9.2 Industrial
- 9.2.1 Overview
- 9.2.2 Industrial: North America Virtual Pipeline Equipment Market - Revenue and Forecast to 2031 (US$ Million)
9.3 Transportation
- 9.3.1 Overview
- 9.3.2 Transportation: North America Virtual Pipeline Equipment Market - Revenue and Forecast to 2031 (US$ Million)
9.4 Commercial and Residential
- 9.4.1 Overview
- 9.4.2 Commercial and Residential: North America Virtual Pipeline Equipment Market - Revenue and Forecast to 2031 (US$ Million)
9.5 Fracking
- 9.5.1 Overview
- 9.5.2 Fracking: North America Virtual Pipeline Equipment Market - Revenue and Forecast to 2031 (US$ Million)

10. North America Virtual Pipeline Equipment Market - Country Analysis

10.1 North America
- 10.1.1 North America Virtual Pipeline Equipment Market Revenue and Forecast and Analysis - by Country
  - 10.1.1.1 North America Virtual Pipeline Equipment Market Revenue and Forecast and Analysis - by Country
  - 10.1.1.2 United States: North America Virtual Pipeline Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.2.1 United States: North America Virtual Pipeline Equipment Market Breakdown by Type
    - 10.1.1.2.2 United States: North America Virtual Pipeline Equipment Market Breakdown by Gas
    - 10.1.1.2.3 United States: North America Virtual Pipeline Equipment Market Breakdown by Application
  - 10.1.1.3 Canada: North America Virtual Pipeline Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.3.1 Canada: North America Virtual Pipeline Equipment Market Breakdown by Type
    - 10.1.1.3.2 Canada: North America Virtual Pipeline Equipment Market Breakdown by Gas
    - 10.1.1.3.3 Canada: North America Virtual Pipeline Equipment Market Breakdown by Application
  - 10.1.1.4 Mexico: North America Virtual Pipeline Equipment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.4.1 Mexico: North America Virtual Pipeline Equipment Market Breakdown by Type
    - 10.1.1.4.2 Mexico: North America Virtual Pipeline Equipment Market Breakdown by Gas
    - 10.1.1.4.3 Mexico: North America Virtual Pipeline Equipment Market Breakdown by Application

11. Competitive Landscape

11.1 Company Positioning and Concentration

12. Industry Landscape

12.1 Overview
12.2 Market Initiative
12.3 Product Development
12.4 Mergers & Acquisitions

13. Company Profiles

13.1 Chesapeake Utilities Corp
- 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 Stabilis Solutions 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 Algas-SDI International LLC
- 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 ANGI Energy 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 Broadwind 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 Cobey 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 Cryopeak LNG Solutions Corp
- 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 Galileo Technologies SA
- 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
13.9 Quantum Fuel Systems LLC.
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
13.10 Hexagon Composites ASA
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments
13.11 Kinder Morgan Inc
- 13.11.1 Key Facts
- 13.11.2 Business Description
- 13.11.3 Products and Services
- 13.11.4 Financial Overview
- 13.11.5 SWOT Analysis
- 13.11.6 Key Developments
13.12 Xpress Natural Gas, LLC
- 13.12.1 Key Facts
- 13.12.2 Business Description
- 13.12.3 Products and Services
- 13.12.4 Financial Overview
- 13.12.5 SWOT Analysis
- 13.12.6 Key Developments
13.13 Aggreko Ltd
- 13.13.1 Key Facts
- 13.13.2 Business Description
- 13.13.3 Products and Services
- 13.13.4 Financial Overview
- 13.13.5 SWOT Analysis
- 13.13.6 Key Developments
13.14 Fiba Technologies Inc
- 13.14.1 Key Facts
- 13.14.2 Business Description
- 13.14.3 Products and Services
- 13.14.4 Financial Overview
- 13.14.5 SWOT Analysis
- 13.14.6 Key Developments
13.15 CMD Alternative Energy Solutions
- 13.15.1 Key Facts
- 13.15.2 Business Description
- 13.15.3 Products and Services
- 13.15.4 Financial Overview
- 13.15.5 SWOT Analysis
- 13.15.6 Key Developments
13.16 Plum Gas Solutions LLC
- 13.16.1 Key Facts
- 13.16.2 Business Description
- 13.16.3 Products and Services
- 13.16.4 Financial Overview
- 13.16.5 SWOT Analysis
- 13.16.6 Key Developments
13.17 Chart Industries Inc
- 13.17.1 Key Facts
- 13.17.2 Business Description
- 13.17.3 Products and Services
- 13.17.4 Financial Overview
- 13.17.5 SWOT Analysis
- 13.17.6 Key Developments

14. Appendix

14.1 About The Insight Partners