Dublin, Sept. 02, 2024 (GLOBE NEWSWIRE) -- The "Pipeline Transportation in China - Industry Market Research Report" report has been added to ResearchAndMarkets.com's offering.
Industry revenue has grown at a CAGR of 1.2 % over the past five years, to reach an estimated $15.4bn in 2024.
The Pipeline Transportation industry in China is highly concentrated, with the four largest players, National Petroleum and Natural Gas Pipeline Network Group, China National Petroleum Corporation (CNPC), China Petrochemical Corporation and China National Offshore Oil Corporation, expected to account for 90.6% of total industry revenue in the current year.
The top four largest players are all large state-owned enterprises and dominate the oil and gas transportation sector. Industry revenue is forecast to grow by an annualized 3.8% over the five years through 2027, to reach $18.5 billion. Advances in automation technology, rising market demand, and the industry's growing competitive advantage over other transportation modes will likely drive growth over the period. By the end of 2027, the total length of oil and gas pipelines in China is forecast to exceed 200,000 kilometers.
Trends and Insights
- Rapid economic growth and social development have driven industry demand.
- The demand for energy, water resources, industrial raw materials, etc., has been constantly increasing in China, stimulating the demand for pipeline transportation. Gas pipelines have 58.6% of total pipeline length.
- The uneven distribution of gas fields and gas consumption in China results that gas must be transported over these long distances through pipelines. Industry companies transport natural gas to eastern regions.
- Natural gas resources are mainly distributed in the western regions but less in eastern regions, which requires pipeline for transportation. Industry concentration level is high.
- The industry is highly concentrated. The largest company, PipeChina, is expected to account for 71.5% of total industry revenue in 2024.
Key Topics Covered:
ABOUT THIS INDUSTRY
- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
INDUSTRY PERFORMANCE
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
PRODUCTS & MARKETS
- Supply Chain
- Products & Services
- Demand Determinants
- Major Markets
- International Trade
- Business Locations
COMPETITIVE LANDSCAPE
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Basis of Competition
- Barriers to Entry
- Industry Globalization
MAJOR COMPANIES
- China Petrochemical Corporation
- China National Petroleum Corporation
- China National Offshore Oil Corporation
- Shenergy (Group) Co., Ltd.
- China Oil & Gas Pipeline Network Corporation
OPERATING CONDITIONS
- Capital Intensity
- Technology & Systems
- Revenue Volatility
- Regulation & Policy
- Industry Assistance
KEY STATISTICS
- Industry Data
- Annual Change
- Key Ratios
JARGON
For more information about this report visit https://www.researchandmarkets.com/r/lvw3h9
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