Global Virtual Pipeline Systems Market to Reach $1.6 Billion by 2027
Amid the COVID-19 crisis, the global market for Virtual Pipeline Systems estimated at US$1.2 Billion in the year 2020, is projected to reach a revised size of US$1.6 Billion by 2027, growing at a CAGR of 4.8% over the analysis period 2020-2027.
Industrial, one of the segments analyzed in the report, is projected to record a 4.9% CAGR and reach US$917.3 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Transportation segment is readjusted to a revised 5.3% CAGR for the next 7-year period.
The U.S. market is estimated at $350.3 Million, While China is Forecast to Grow at a 4.5% CAGR
The Virtual Pipeline Systems market in the U.S. is estimated at US$350.3 Million in the year 2020. China, the world`s second-largest economy, is forecast to reach a projected market size of US$291.5 Million by the year 2027 trailing a CAGR of 4.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.6% and 3.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.
Commercial & Residential Segment to Record 4.3% CAGR
In the global Commercial & Residential segment, USA, Canada, Japan, China, and Europe will drive the 4.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$262.7 Million in the year 2020 will reach a projected size of US$353.6 Million by the close of the analysis period.
China will remain among the fastest-growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$189.3 Million by the year 2027.
The report presents concise insights into how the pandemic has impacted production and the buy-side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
Broadwind Energy, Inc.
Compass Natural Gas
Exxon Mobil LNG
Galileo Technologies S.A.
General Electric
Global Partners LP
Hexagon Composites ASA
Honeywell International, Inc.
LightSail Energy
Luxfer Holdings PLC
NG Advantage LLC
Pentagon Energy LLC
REV LNG, LLC
Siemens AG
XPRESS NATURAL GAS LLC
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Global Competitor Market Shares
Virtual Pipeline Systems Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
Virtual Pipeline Systems Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
Virtual Pipeline Systems Market Share Shift across Key Geographies Worldwide: 2020 VS 2027
Industrial (End-Use) Global Opportunity Assessment in US$ Thousand by Region/Country: 2020-2027
Industrial (End-Use) Percentage Share Breakdown of Global Sales by Region/Country: 2020 VS 2027
Transportation (End-Use) Worldwide Sales in US$ Thousand by Region/Country: 2020-2027
Transportation (End-Use) Market Share Shift across Key Geographies: 2020 VS 2027
Commercial & Residential (End-Use) Global Market Estimates & Forecasts in US$ Thousand by Region/Country: 2020-2027
Commercial & Residential (End-Use) Market Share Breakdown by Region/Country: 2020 VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
Market Facts & Figures
Virtual Pipeline Systems Market Share (in %) by Company: 2019 & 2025
Market Analytics
Virtual Pipeline Systems Latent Demand Forecasts in US$ Thousand by End-Use: 2020 to 2027
Virtual Pipeline Systems Market Share Breakdown by End-Use: 2020 VS 2027
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