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The report comprises a detailed value chain analysis, which provides a comprehensive view of the global Virtual pipeline systems market. Porter’s Five Forces model for the Virtual pipeline systems market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein applications are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the global Virtual pipeline systems market by segmenting it in terms of application, and region. These segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecast demand for Virtual pipeline systems in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers demand for individual application segments in all the regions.
The market for Virtual pipeline systems is primarily driven by the aging pipeline infrastructure and stringent environmental emission control regulations. The recent global pipeline industry is enormous and still expanding; however, it is apt for modernization as a majority of the infrastructure has been in place for decades. For instance, 60% of pipeline infrastructure in the U.S. was installed before 1970 and more than 50% of global pipelines were installed between 1950 and 1970. This aging infrastructure requires upgrade, particularly as safety concerns become a greater priority. Infrastructural reforms for pipeline in APAC are funded by governments of respective countries. Moreover, approximately 66% of the overall expenditure on the infrastructure for the transportation of oil & gas is seen in non-OECD nations, while rest of the expenditure in being done in OECD countries. Therefore, there is an increase in focus on replacement or removal of aging natural gas pipelines. This is anticipated to boost the demand for virtual pipeline network globally, during the forecast period.
The report provides the estimated market size of Virtual pipeline systems for 2016 and forecast for the next nine years. The global market size of Virtual pipeline systems has been provided in terms of revenue and volume. Market numbers have been estimated based on key application and regional segments of Virtual pipeline systems market. Market size and forecast for each major application have been provided in terms of global and regional/country markets.
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ process literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
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Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, National government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, World Energy Council, BP Statistics, Agency for the Cooperation of Energy Regulators (ACER), Global Energy Statistical Yearbook 2017, Factiva, etc.
Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.
Global Virtual Pipeline Systems Market: Competitive Landscape
The study includes profiles of major companies operating in the global Virtual pipeline systems market. Key players in the Virtual pipeline systems market include General Electric, Hexagon Composites ASA, Luxfer Holdings PLC, Galileo Technologies S.A., Pentagon Energy LLC, LightSail Energy, Cimarron Composites, SUB161°, Xpress Natural Gas LLC, NG Advantage LLC, Compass Natural Gas, Broadwind Energy, Inc., REV LNG, LLC, Global Partners LP and others. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, recent developments, and SWOT analysis.
The Global Virtual pipeline systems market has been segmented as follows:
Global Virtual pipeline systems Market: By Application
- Commercial & Residential
Global Virtual pipeline systems Market: By Region/Country/Sub-region
- North America
- Asia Pacific
- Middle East & Africa
- Latin America
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