Gas Pipeline Infrastructure Market Progressing At A CAGR Of 3.4% Through 2027
San Francisco, 11 June 2020: The Report Gas Pipeline Infrastructure Market Size, Share & Trends Analysis Report By Operation (Gathering, Transmission, Distribution), By Application (Compressor, Metering), By Region, And Segment Forecasts, 2020 - 2027 The global gas pipeline infrastructure market size is expected to reach USD 3,228.3 billion by 2027, expanding at a revenue/volume based CAGR of 3.4% over the forecast period, according to a new report by Grand View Research, Inc. Rising natural gas imports along with growing investments in infrastructure and network expansion are likely to strengthen the market demand. The market is primarily driven by replacement of existing pipeline infrastructure owing to requirement for enhanced safety and emergency response planning. In addition, network expansion across several regions will further provide a major boost to the market growth. For instance, Gazprom invested RUB 5.9 billion on infrastructure expansion in the Sakhalin Region, co