According to the report titled ‘Global Gas Pipeline Infrastructure Market Size study, by Operation (Gathering Pipeline, Transmission Pipeline and Distribution Pipeline), by Application (Compressor Station and Metering Station), and Regional Forecasts 2021-2027’, available with MarkeStudyReport, global gas pipeline infrastructure market is expected to grow significantly during 2021-2027.
 

Soaring usage of natural gas in an array of sectors such as manufacturing, power generation, and chemical, coupled with growing preference for clean energy sources are the driving factors for growth in global gas pipeline infrastructure market. In this context, Statista reported that global natural gas consumption has risen from 3478.2 billion cubic meters in 2015 to 3903.9 billion cubic meters in 2019.
 

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Government initiatives to construct natural gas pipeline infrastructure in various parts of the world is also facilitating the industry scenario. For instance, Petroleum and Natural Gas Regulatory Board (PNGRB) of India, in March 2021, announced authorization of 33,764km of natural gas pipeline network in order to ensure widespread availability of natural gas in the nation.
 

While escalating trade movement and discovery of new reserves of shale gas are expected to generate remunerative opportunities for the market, high budget requirement and lack of funding in low-income economies may thwart the expansion curve in the coming years.
 

Based on operation, worldwide gas pipeline infrastructure market is categorized into distribution pipeline, gathering pipeline, and transmission pipeline. In terms of application, the market is divided into a metering station, and compressor station.
 

Speaking of regional analysis, North America leads the market in terms of revenue at present, because of the presence of highly interconnected transmission & distribution network that can transmit natural gas to and from any state across the region.
 

Parallelly, Asia Pacific market is predicted to grow momentously during the forecast period, owing to increased utilization of natural gas in many industries such as chemical, manufacturing, oil & gas, and others.
 

The competitive landscape of global gas pipeline infrastructure market includes top players like Kinder Morgan Inc., CRC-Evans Pipeline International, MRC Global, APA Group, National Oilwell Varco (NOV Inc.), Snam S.p.A., DCP Midstream Partners LP, General Electric Company, PT Perusahaan Gas Negara Tbk, and Alliance Pipeline LP among others.