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Virtual Pipeline Systems Market: Pin-Point Analysis for Changing Competitive Dynamics<br>
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China Marble Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2030 ©2019 Transparency Market Research, All Rights Reserved
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Key Highlights The global virtual pipeline systems is projected to rise at a CAGR of around 6.5% from 2019 to 2027. If this figure holds true, the global opportunities is anticipated to rise from US$ 1,205.0 Mn in 2018 to reach valuation worth US$ 2,123.9 Mn by the end of the forecast period. Of the various applications of virtual pipeline systems, the industrial segment held the leading share, vis-à-vis revenue, in the global market in 2018. The growth of the segment is driven by extensive demand for these systems in the fertilizer and power generation industries over the assessment period. View Report Download Brochure ©2019 Transparency Market Research, All Rights Reserved
Developing Economies to Positively Influence Global Virtual Pipeline Systems Market as Demand for Cleaner Fuels Remains High • Furthermore, as developing countries such as India and China work towards achieving a cleaner environment, they are likely to be key users of natural gas. • This emerging trend is expected to help Asia Pacific expand at a significant rate during the forecast period. The growing inclination toward using cleaner alternatives than fossil fuels is expected to play an important role in the growth of the regional market. • The rising investments in natural gas in the developing economies of Asia Pacific is also expected to have a major influence on the overall market.
Aging Physical Pipeline Infrastructures and Emission Control Norms drive Demand The global virtual pipeline systems market is primarily driven by aging physical pipeline infrastructures in various parts of the world, coupled with stringent implementation of environmental emission control norms. The rising need for a flexible and reliable pipeline network to support or augment physical pipeline networks for natural gas is a key factor fueling the expansion of the market. ©2019 Transparency Market Research, All Rights Reserved
Top players operating in the global virtual pipeline systems market include Hexagon Composite Luxfer Holdings PLC General Electric Galileo Technologies S.A Pentagon Energy LLC. ©2019 Transparency Market Research, All Rights Reserved
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