Technavio
analysts forecast the global oil and gas pipeline and transportation
automation market to grow at a CAGR of over 7% during the
forecast period, according to their latest market research report.
This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180801005725/en/
Technavio has published a new market research report on the global oil and gas pipeline and transportation automation market from 2018-2022. (Graphic: Business Wire)
The growing LNG trade is one of the major trends being witnessed in the global
oil and gas pipeline and transportation automation market 2018-2022.
LNG transportation has been increasing due to new LNG trade routes and
ramping up of LNG supply in the traditional market. The increasing focus
on clean energy is one of the major drivers for the growth in LNG trade
as several countries are trying to increase the share of natural gas in
their energy mix.
This report is available at a USD 1,000 discount for a limited time
only: View
market snapshot before purchasing
According to Technavio analysts, one of the key factors contributing to
the growth of the global oil and gas pipeline and transportation
automation market is the need to capitalize on the growth momentum in
oil and gas pipeline market:
Global oil and gas pipeline and transportation
automation market: Need to capitalize on the growth momentum in oil and
gas pipeline market
The crude oil and gas market is slowly moving toward recovery. The crude
oil prices crossed the USD 60 per barrel benchmark in 2017, followed by
USD 70 benchmark in 2018. The recovery of crude oil prices in late 2017
gave confidence to the oil and gas industry, resulting in the
announcement of several upstream projects that were earlier postponed or
canceled due to low crude oil prices.
According to a senior market research analyst at Technavio, “Most of
the growth in the pipeline market in the Middle East will arise from new
crude oil pipelines. Africa will catalyze the growth in the number of
new gas pipelines on account of new gas discoveries. The increasing
energy demand in Asia has resulted in the commencement of several
cross-country and intra-country pipelines.”
Global oil and gas pipeline and transportation
automation market: Segmentation analysis
The global oil and gas pipeline and transportation automation market
research report provides market segmentation by application (pipeline
and LNG and terminal), by end-user (hospitals and clinics, ASCs,
dialysis centers, and others), and by region (the Americas, EMEA, and
APAC). It provides an in-depth analysis of the prominent factors
influencing the market, including drivers, opportunities, trends, and
industry-specific challenges.
Of the two major applications, the pipeline segment held the largest
market share in 2017, contributing to over 91% of the market. This
application segment will dominate the global market throughout the
forecast period.
The Americas held the largest share of the market in 2017, accounting
for more than 37%. It was followed by EMEA and APAC respectively. The
Americas is anticipated to project the fastest growth during the
forecast period.
Looking for more information on this market? Request
a free sample report
Technavio’s sample reports are free of charge and contain multiple
sections of the report such as the market size and forecast, drivers,
challenges, trends, and more.
Some of the key topics covered in the report include:
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation
Geographical Segmentation
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
About Technavio
Technavio
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning across 50 countries. Their client base consists of enterprises
of all sizes, including more than 100 Fortune 500 companies. This
growing client base relies on Technavio’s comprehensive coverage,
extensive research, and actionable market insights to identify
opportunities in existing and potential markets and assess their
competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team
at media@technavio.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180801005725/en/