Pipeline Construction Market By Distribution, By Type, By End User, Geographical Regions And Global Forecast 2023-2032|Metal Forge India, Prosaic Steel & Alloys, Forterra Inc., Cogbill Construction LLC, CCI Leidingsystemen B.V.

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The Pipeline Construction Global Market Report 2023 by The Business Research Company, provides pipeline construction market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Pipeline Construction Global Market Report 2023, the market size is expected to grow from$44.68 billion in 2022 to $47.07 billion in 2023 at a compound annual growth rate (CAGR) of 5.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The pipeline construction market is expected to grow to $56.90 billion in 2027 at a CAGR of 4.9%.

The surge in energy consumption is driving the pipeline construction market. Energy demand is rising due to rising affluence, urbanization, and improved access to electricity. The energy-producing industries use pipelines to transport energy supplies like natural gas, propane and gasoline.

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The pipeline construction market is segmented:

1) By Pipe Type: Metallic, Non-Metallic

2) By Equipment: Valves, Pipeline, Metering Skids, Compressor stations

3) By Operation: Transmission, Distribution

4) By Application: Liquid Pipeline, Gas Pipeline

5) By End User: Oil and Gas, Chemical, Water and Wastewater, Energy, Other End Users

Product innovations have emerged as the key trend gaining popularity in the pipeline construction market. Major companies operating in the pipeline construction market are focused on innovating novel solutions to strengthen their position in the market. For instance, in November 2022, the CYENS Centre of Excellence, a Cyprus-based research and innovation center, launched the beta version of its innovative imaging/video pipeline-interface tool, DgiStreamer. It is an innovative GUI (graphical user interface) software that is an all-encompassing standalone pipeline builder compatible with GStreamer and Deepstream. The application provides a simple drag-and-drop method for connecting the different pipeline-building elements, making pipeline construction chores easier to complete. Compared to currently available alternatives, the tool is faster and easier to use and supports scaling to complicated configuration types.

The pipeline construction market report table of contents includes: