The North America Virtual Pipeline Equipment Market is projected to reach US$ 663.73 million by 2028 from US$ 431.97 million in 2022; it is estimated to grow at a CAGR of 7.4% from 2022 to 2028.

Growing energy demand and rising gas exploration activities in North America are expected to boost the virtual pipeline equipment market growth. In addition, the growing shift from conventional pipeline infrastructure to virtual pipeline equipment is anticipated to fuel the virtual pipeline equipment market growth over the forecast period. Virtual pipelines offer flexibility in transporting natural gas and remove the need for large physical pipeline installations. Thus, virtual pipeline equipment are gaining more traction in the oil & gas industry.

R&D activities are driven by their goal of promoting the use of low-emission natural gas products. Countries such as Mexico witnessed an increase by 400 MMcf/day in natural gas production in November 2022 as compared to November 2021. Massive natural gas production in North American countries would continue to assist in the demand for virtual pipeline equipment.
Virtual pipeline vendors focus on technology innovations, new product launches, investment on natural gas, product approvals, and geographic expansion to capture larger consumer and market base volume. For instance:
• In November 2022, Pemex (a Mexican state oil company) and New Fortress Energy (NFE) (a US-based LNG company) signed a service contract to upscale pipeline output while lowering dependency on imports. NFE and Pemex aim to develop a liquefaction project at the Lakach gas field (Mexico).
• In December 2021, TC Energy Corp and Comisión Federal de Electricidad (CFE) inked an agreement to make advancements in arbitration proceedings, complete stalled projects, and consolidate underlying natural gas transport contracts within a single agreement with a levelized toll. Yucatán Peninsula has been witnessing chronic gas shortages owing to stagnant domestic production. Therefore, CFE and TC Energy Corp. have decided to develop a new offshore natural gas pipeline to provide Yucatán Peninsula with natural gas.

The virtual pipeline equipment market is mainly dominated by players such as ANGI Energy Systems, Inc.; Quantum Fuel Systems LLC.; Hexagon Agility; BROADWIND INC; Galileo Technologies S.A.; Chesapeake Utilities Corp; STABILIS SOLUTIONS, INC; Algas-SDI; Cobey Inc; and CRYOPEAK. Further, these players expand their business through new product launches, market initiatives, investment in technological upgrades, mergers & acquisitions, and other joint activities.

For instance, in December 2021, Certarus Ltd. secured industry-leading virtual pipeline trailers for hydrogen from Quantum Fuel Equipment, a fully integrated alternative energy firm. Quantum’s VPLite-H45/40′ trailers, with a gas mass of 803 kg at 3,600 pressures, were delivered to Certarus (248 bar). The trailers are permitted for use in both Canada and the US.

COVID-19 Impact on Virtual pipeline equipment Market

Construction was underway at six different LNG terminals on the US Gulf Coast when the COVID-19 pandemic hit. All these expansions were delayed in response to the pandemic, which hampered the US natural gas and LNG export growth. Further, buyers denied picking 25 US cargoes in June 2020 due to the sharp decline in natural gas prices in Asia and Europe, making it uneconomical to ship cargoes from the US to their destination. CNG and LNG projects were already under pressure from the US trade war with China that broke out in June 2018, the COVID-19 crisis further added to the plight, thereby declining the production in the 1st half of 2020. The reduction in gas production created negative impact on the virtual pipeline equipment market, as new product sale declined significantly.

Virtual pipeline equipment market players are following both organic and inorganic growth strategies to sustain the competitive edge. Numerous initiatives, such as investment in research and development and the formation of virtual reality (VR) simulator training centers, are expected to impact the virtual pipeline equipment market growth positively.

The overall virtual pipeline equipment market analysis has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the virtual pipeline equipment market. The process also serves the purpose of obtaining an overview and forecast of the virtual pipeline equipment market size with respect to all market segments. Also, industry participants and commentators have conducted multiple primary interviews to validate the data and gain more analytical insights. The participants typically involved in the virtual pipeline equipment market study include VPs, business development managers, market intelligence managers, national sales managers, and external consultants, such as valuation experts, research analysts, and key opinion leaders, specializing in the virtual pipeline equipment market.

TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Virtual Pipeline Equipment Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.3 Ecosystem Analysis
4.4 Experts’ Opinions
5. Virtual Pipeline Equipment Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Energy Demands
5.1.2 Rising Shale Gas Extraction
5.2 Market Restraints
5.2.1 Significant Dominance of Conventional Pipeline Infrastructure
5.3 Market Opportunities
5.3.1 Growing Inclination Toward Consumption of Natural Gas
5.4 Future Trends
5.4.1 Growing Investment in VPE Technologies
5.5 Impact Analysis of Drivers and Restraints
6. Virtual Pipeline Equipment – North America Market Analysis
6.1 North America Virtual Pipeline Equipment Market Overview
6.2 North America Virtual Pipeline Equipment Market Revenue Forecast and Analysis
6.3 Market Positioning – Five Key Players
7. Virtual Pipeline Equipment Market – by Equipment Type
7.1 Overview
7.2 Virtual Pipeline Equipment Market, by Equipment Type (2020 and 2028)
7.3 Decompression Units
7.3.1 Overview
7.3.2 Decompression Units: Virtual Pipeline Equipment Market Revenue and Forecast to 2028 (US$ Million)
7.4 Compression Units
7.4.1 Overview
7.4.2 Compression Units: Virtual Pipeline Equipment Market Revenue and Forecast to 2028 (US$ Million)
7.5 Transportation Units
7.5.1 Overview
7.5.2 Transportation Units: Virtual Pipeline Equipment Market Revenue and Forecast to 2028 (US$ Million)
7.6 Dispensing Units
7.6.1 Overview
7.6.2 Dispensing Units: Virtual Pipeline Equipment Market Revenue and Forecast to 2028 (US$ Million)
8. Virtual Pipeline Equipment Market – by Gas
8.1 Overview
8.2 Virtual Pipeline Equipment Market, by Gas (2020 and 2028)
8.3 CNG
8.3.1 Overview
8.3.2 CNG: Virtual Pipeline Equipment Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Hydrogen
8.4.1 Overview
8.4.2 Hydrogen: Virtual Pipeline Equipment Market – Revenue and Forecast to 2028 (US$ Million)
8.5 RNG
8.5.1 Overview
8.5.2 RNG: Virtual Pipeline Equipment Market Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Virtual Pipeline Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9. Virtual Pipeline Equipment Market – by Application
9.1 Overview
9.2 Virtual Pipeline Equipment Market, by Gas (2020 and 2028)
9.3 Utility Pipeline/Pipeline Repair
9.3.1 Overview
9.3.2 Utility Pipeline/Pipeline Repair: Virtual Pipeline Equipment Market Revenue and Forecast to 2028 (US$ Million)
9.4 Industrial
9.4.1 Overview
9.4.2 Industrial: Virtual Pipeline Equipment Market Revenue and Forecast to 2028 (US$ Million)
9.5 Transportation
9.5.1 Overview
9.5.2 Transportation: Virtual Pipeline Equipment Market Revenue and Forecast to 2028 (US$ Million)
9.6 Commercial & Residential
9.6.1 Overview
9.6.2 Commercial & Residential: Virtual Pipeline Equipment Market Revenue and Forecast to 2028 (US$ Million)
9.7 Fracking
9.7.1 Overview
9.7.2 Fracking: Virtual Pipeline Equipment Market Revenue and Forecast to 2028 (US$ Million)
10. Virtual Pipeline Equipment Market – Regional Analysis
10.1 Overview
10.1.1 North America: Virtual Pipeline Equipment Market, by Key Country
10.1.1.1 US: Virtual Pipeline Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 US: Virtual Pipeline Equipment Market, by Equipment Type
10.1.1.1.2 US: Virtual Pipeline Equipment Market, by Gas
10.1.1.1.3 US: Virtual Pipeline Equipment Market, by Application
10.1.1.2 Canada: Virtual Pipeline Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Canada: Virtual Pipeline Equipment Market, by Equipment Type
10.1.1.2.2 Canada: Virtual Pipeline Equipment Market, by Gas
10.1.1.2.3 Canada: Virtual Pipeline Equipment Market, by Application
10.1.1.3 Mexico: Virtual Pipeline Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Mexico: Virtual Pipeline Equipment Market, by Equipment Type
10.1.1.3.2 Mexico: Virtual Pipeline Equipment Market, by Gas
10.1.1.3.3 Mexico: Virtual Pipeline Equipment Market, by Application
11. Virtual Pipeline Equipment Market – COVID-19 Impact Analysis
11.1 Overview
11.2 Impact of COVID-19 Pandemic on North America Virtual Pipeline Equipment Market
11.2.1 North America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Merger and Acquisition
13. Company Profiles
13.1 Galileo Technologies S.A.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Quantum Fuel Systems LLC.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Hexagon Composites ASA
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Chesapeake Utilities Corp
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Stabilis Solutions Inc
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Algas-SDI International LLC
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 ANGI Energy Systems LLC
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Broadwind Inc
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Cobey Inc
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Cryopeak LNG Solutions Corp
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index

LIST OF TABLES
Table 1. North America Virtual Pipeline Equipment Market Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: Virtual Pipeline Equipment Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. US: Virtual Pipeline Equipment Market, by Equipment Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. US: Virtual Pipeline Equipment Market, by Equipment Type – Volume and Forecast to 2028 (Units)
Table 5. US: Virtual Pipeline Equipment Market, by Gas – Revenue and Forecast to 2028 (US$ Million)
Table 6. US: Virtual Pipeline Equipment Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: Virtual Pipeline Equipment Market, by Equipment Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: Virtual Pipeline Equipment Market, by Equipment Type – Volume and Forecast to 2028 (Units)
Table 9. Canada: Virtual Pipeline Equipment Market, by Gas – Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: Virtual Pipeline Equipment Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico: Virtual Pipeline Equipment Market, by Equipment Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico: Virtual Pipeline Equipment Market, by Equipment Type – Volume and Forecast to 2028 (Units)
Table 13. Mexico: Virtual Pipeline Equipment Market, by Gas – Revenue and Forecast to 2028 (US$ Million)
Table 14. Mexico: Virtual Pipeline Equipment Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 15. List of Abbreviation

LIST OF FIGURES
Figure 1. Virtual Pipeline Equipment Market Segmentation
Figure 2. Virtual Pipeline Equipment Market Segmentation – by Region
Figure 3. North America Virtual Pipeline Equipment Market Overview
Figure 4. Virtual Pipeline Equipment Market, by Equipment Type
Figure 5. Virtual Pipeline Equipment Market, by Gas
Figure 6. Virtual Pipeline Equipment Market, by Application
Figure 7. North America – PEST Analysis
Figure 8. Virtual Pipeline Equipment Market – Ecosystem Analysis
Figure 9. Virtual Pipeline Equipment Market Impact Analysis of Drivers and Restraints
Figure 10. Geographic Overview of Virtual Pipeline Equipment Market
Figure 11. North America Virtual Pipeline Equipment Market Revenue Forecast and Analysis (US$ Million)
Figure 12. Virtual Pipeline Equipment Market Revenue Share, by Equipment Type (2020 and 2028)
Figure 13. Decompression Units: Virtual Pipeline Equipment Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Compression Units: Virtual Pipeline Equipment Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Transportation Units: Virtual Pipeline Equipment Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Dispensing Units: Virtual Pipeline Equipment Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Virtual Pipeline Equipment Market Revenue Share, by Gas (2020 and 2028)
Figure 18. CNG: Virtual Pipeline Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Hydrogen: Virtual Pipeline Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. RNG: Virtual Pipeline Equipment Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Others: Virtual Pipeline Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Virtual Pipeline Equipment Market Revenue Share, by Gas (2020 and 2028)
Figure 23. Utility Pipeline/Pipeline Repair: Virtual Pipeline Equipment Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Industrial: Virtual Pipeline Equipment Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Transportation: Virtual Pipeline Equipment Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Commercial & Residential: Virtual Pipeline Equipment Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Fracking: Virtual Pipeline Equipment Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. North America: Virtual Pipeline Equipment Market Revenue Share, by Key Country (2021 & 2028)
Figure 29. US: Virtual Pipeline Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Canada: Virtual Pipeline Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Mexico: Virtual Pipeline Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Impact of COVID-19 Pandemic in North American Country Markets

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America virtual pipeline equipment market.
● Highlights key business priorities in order to assist companies to realign their business strategies
● The key findings and recommendations highlight crucial progressive industry trends in the North America virtual pipeline equipment market, thereby allowing players across the value chain to develop effective long-term strategies
● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
● Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

The List of Companies – North America Virtual Pipeline Equipment Market
● ANGI Energy Systems, Inc.
● Quantum Fuel Systems LLC.
● Hexagon Agility
● BROADWIND INC
● Galileo Technologies S.A.
● Chesapeake Utilities Corp
● STABILIS SOLUTIONS, INC
● Algas-SDI
● Cobey Inc
● CRYOPEAK.

According to our new research study on “North America Virtual Pipeline Equipment Market Forecast to 2028 – COVID-19 Impact and North America Analysis – by Type, Gas, Application, and countries,” the virtual pipeline equipment market growth is projected to reach US$ 663.73 million by 2028 from US$ 431.97 million in 2022; it is estimated to grow at a CAGR of 7.4% from 2022 to 2028.
Virtual Pipeline Equipment Market – Overview
Favorable government initiatives are bolstering the demand for natural gas supply in industrial and commercial areas. According to the International Energy Agency (IEA), in 2021, the US natural gas production increased by 2% and reached 118.8 billion cubic feet per day (Bcf/day) in 2021—the highest on records. The US leads in the use of feedstock for CNG and methanol production. The virtual pipeline equipment manufacturers have been witnessing substantial growth opportunities due rising consumption of gases due to its low prices in the US, following the country’s rapid increase in production. Further, aging pipeline infrastructure and stringent environmental emission rules are two significant factors that primarily drive the virtual pipeline equipment market growth. The rising consumption of energy is further creating significant opportunities for the virtual pipeline equipment market.
Major virtual pipeline equipment market players operating in North America are CERTARUS LTD., THROTTLE ENERGY INC. TECHNOLOGY, Clean Fuel Connection Inc., Compass Natural Gas, NG Advantage (a subsidiary of Clean Energy Fuels), CNG Delivery, TX Energy Drilling Corporation, and Corban Energy Group. Many companies have been drawn to the strong production potential held by North America, which has led to significant expenditure on the construction of natural gas pipeline infrastructure.
• In 2020, Global Partners LP announced its plans to purchase assets related to convenience stores and retail fuel. Through 27 company-operated gas stations in Connecticut, the company would help construct and expand facilities in the product portfolio.
• In September 2019, Quantum Fuel Equipment announced its 40-foot virtual pipeline trailers with 45 tanks, each featuring a gaseous capacity of ~471,000 cubic feet. The company launched the new virtual pipeline trailer VPLite45/40 in Q1 2020.
Virtual Pipeline Equipment Market Analysis- Key Findings of Study
Continuous advancements in shale drilling technologies have made shales the next reliable energy resource to be utilized as a greener energy option in countries that are dependent on coal. Shale gas production has resulted in the abundance of natural gas supply worldwide. According to the Energy Information Administration (EIA), the unproven, theoretically recoverable shale gas potential of the US is estimated to be 482 trillion cubic feet. Shale gas output in the country surged 12 folds in the previous decade, and the growth is likely to continue until 2035, which would continue to favor the growth of virtual pipeline vendors. The US is among the leading shale gas producers across the world, and Canada is also coming up in this segment. In recent years, Canadian shale formation has been attracting attention of big spenders such as Chevron Corp. and ConocoPhillips. Therefore, large shale business in the US and emerging shale business in Canada are assisting in driving the growth of virtual pipelines, thereby positively impacting the overall virtual pipeline equipment market growth.