Middle East gas pipeline infrastructure market will witness significant growth on account of shifting trend toward clean energy sources along with rising application of natural gas across various industrial bases. Stringent regulations pertaining to energy conservation and carbon emissions will play prominent role in enhancing the technology demand. Moreover, increasing investment toward the expansion of existing gas transmission infrastructure along with growing usage of effective monitoring systems through SCADA will further stimulate the industry landscape.
The gas pipeline infrastructure market across offshore reserves is expected to grow substantially on account of rising E&P investments across deep and ultra-deep-sea locations. Soaring energy requirement due to rapid increase in the global population will uplift the technology demand over the forecast period. Immense exigency of international imports and exports will enhance the technology installation across offshore sea beds.
Rising domestic and international trades to cater soaring energy demand will intensify the gas pipeline infrastructure market. Stringent industrial regulations and standards pertaining to product and raw material quality will impact the business growth. Increasing infrastructural investment by respective governments will accelerate the growth and expansion of gas supply networks. Moreover, the introduction of cross-country pipelines systems will further promote the long-distance conveyance of natural gas across international borders.
Steady demand for gas compression will increase the installation of gas compressor stations in the Middle East. Introduction of supportive policies & regulations coupled with expansion of gas pipeline network will further propel the industry landscape over the forecast years. In addition, introduction of distantly operated automatic valves coupled with advancement of IoT integrated devices will further enhance the market.
Soaring demand for green energy sources coupled with increasing interstate gas trading across key developing economies will fuel the demand for 24-36-inch pipelines. Ongoing plans to replenish the conventional gas supply infrastructure linked with rapid development in midstream industry will augment the utilization of <16-inch gas pipelines. Increasing investments towards development of new city gas distribution projects along with favorable government actions to stimulate the ease of access to LPG and LNG will complement the business landscape.
Saudi Arabia gas pipeline infrastructure market is anticipated to witness substantial growth on account of rapid rise in the E&P operations across recently discovered gas fields along with the upliftment of global sanctions. Government aim toward leading the international gas exports by exploiting more gas reserves will further enhance the industry outlook over the forecast period.
Prominent players across the Middle East gas pipeline infrastructure industry include National Oilwell Varco, Technip, Snam Rete, General Electric, Saipem, CRC Evans Pipeline and MRC Global amongst others.