Pipeline Equipment Market to Undertake Strapping Growth during 2031

Technotrends02 May, 2023Other

Pipeline equipment refers to the specialized tools, machinery, and components used in the construction, operation, and maintenance of pipelines. Pipeline equipment means all pipe, fittings, pumps, telephone, and telegraph lines, and all other material and equipment used or intended to be used as part of or incident to the construction, maintenance, and operation of a pipeline for the transportation of oil, gas, water, or other liquid or gaseous substance. The pipeline equipment market size was valued at $12.5 billion in 2021, and the pipeline equipment industry is estimated to reach $18.7 billion by 2031, growing at a CAGR of 4.2% from 2022 to 2031.