Global Pipeline Transportation Market Report 2021: COVID 19
New York, January 21, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Pipeline Transport Global Market Report 2021: COVID 19 Impact and Recovery to 2030” – https://www.reportlinker.com/ p06009759 /? utm_source = GNW
$ 76 billion in 2020 to $ 180.93 billion in 2021 at a compound annual growth rate (CAGR) of 6%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities which resulted in operational challenges. The market is expected to reach $ 262.31 billion by 2025 at a CAGR of 10%.
The pipeline transportation market includes the sales of pipeline transportation services and related goods by entities (organizations, independent traders and partnerships) that use transportation pipelines to transport products, such as crude oil, natural gas , refined petroleum products and slurry. The pipeline transportation market is segmented into crude oil pipeline transportation; pipeline transportation of natural gas; pipeline transportation of refined petroleum products and other pipeline transportation.
Asia-Pacific was the largest region in the global pipeline transportation market, accounting for 29% of the market in 2020. North America was the second largest region accounting for 26% of the global pipeline transportation market. Africa was the smallest region in the global pipeline transport market.
Pipeline transport companies use augmented reality for efficient maintenance operations. Augmented Reality (AR) is the technology of combining images, videos, etc. of the real world with information and / or images generated by computer and visualized through an output including a monitor, headphones, etc. AR superimposes digital elements on the physical world, typically using a headset or tablet that the user can point to real objects. In the pipeline transportation industry, AR headsets that clip onto hard hats can project the hands-free instructions a technician needs onto equipment to perform an inspection or maintain a system. AR animations dramatically increase efficiency and reduce errors and uncertainties by showing necessary steps, tools and parts.
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