Pipeline - Hong Kong

Pipeline transportation utilizes pipelines to transport liquids and gases, including crude oil, natural gas, and refined petroleum products, known for their efficiency and cost-effectiveness, particularly over long distances. Compared to other modes, pipelines generally have a lower environmental impact, emitting fewer greenhouse gases per unit of cargo and being less prone to accidents when properly maintained.

These pipeline networks can cover vast distances, connecting production areas with consumption centers, including cross-country pipelines and distribution pipelines in cities and industrial zones. Vital for the energy industry, pipelines play a crucial role in moving oil and gas from extraction sites to processing facilities and, ultimately, to end-users, ensuring a reliable energy supply.

However, pipeline projects often encounter challenges and controversies, especially when traversing ecologically sensitive areas or communities. Environmental concerns, safety, and the potential for leaks or spills are critical factors that require careful consideration.

Investing in modernization efforts, the pipeline industry incorporates advanced materials, monitoring technologies, and automation to enhance safety, reduce maintenance costs, and improve overall efficiency. Strict adherence to regulatory standards is imperative, ensuring the safety of operations, covering aspects like construction, maintenance, and monitoring.

Pipeline transportation is a key element of the overall logistics and energy infrastructure, providing a reliable and efficient means of moving essential liquids and gases across vast distances.

Data coverage:

The data encompasses B2B enterprises. Figures are based on the activities of the Pipeline freight market.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use resources from the Statista platform as well as annual financial reports of the market-leading companies and industry associations, third-party studies and reports, national statistical offices, international institutions, and the experience of our analysts.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting transportation activity due to the non-linear growth of this market

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.