Pipeline And Process Services
PUBLISHED: 2024 ID: SMRC26292
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Pipeline And Process Services

Pipeline & Process Services Market Forecasts to 2030 - Global Analysis By Asset Type (Pipeline and Process), Service, Application, End User and By Geography

4.6 (18 reviews)
4.6 (18 reviews)
Published: 2024 ID: SMRC26292

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Pipeline & Process Services Market is accounted for $4.26 billion in 2024 and is expected to reach $6.49 billion by 2030 growing at a CAGR of 7.5% during the forecast period. Pipeline & process services encompass a range of specialized activities essential for maintaining and optimizing the performance of pipelines and industrial processes. They enhance operational efficiency by optimizing the transportation of resources, such as oil, gas, and water, through pipelines. These services ensure the integrity and reliability of pipelines through maintenance, inspection, and repair, minimizing downtime and mitigating risks of leaks or failures. Additionally, they help companies adhere to regulatory compliance and safety standards, promoting environmental sustainability.

According to the International Energy Outlook published by the Energy Information Administration (EIA), the global energy demand is primarily driven by non-OECD countries, such as Argentina, Brazil, India, Malaysia, Singapore, South Africa, and Thailand, with strong population growth and economic development.

Market Dynamics: 

Driver: 

Growing global energy consumption

With increasing demand for oil, gas, and other energy resources worldwide, there is a parallel need for efficient transportation and processing infrastructure. Pipeline and process services play a crucial role in ensuring the reliability, safety, and efficiency of these systems. As energy production and distribution networks expand to meet rising demand, the demand for maintenance, inspection, and optimization services provided by this sector continues to grow, driving market expansion.

Restraint:

Environmental concerns

Environmental concerns in pipeline and process services revolve around the potential for leaks, spills, and contamination, leading to ecosystem damage, water pollution, and habitat destruction. These issues trigger public outcry, regulatory scrutiny, and legal liabilities, impacting project timelines and increasing operational costs. Additionally, resistance from environmental groups and communities can lead to project delays, cancellations, or increased regulatory hurdles, hindering market growth and investor confidence in the industry.

Opportunity:

Expansion of oil and gas exploration

The expansion of oil and gas exploration drives the demand for infrastructure to transport extracted resources. As exploration ventures into remote and challenging environments, the need for efficient pipeline networks escalates. Pipeline and process services become essential for constructing, maintaining, and optimizing these networks, ensuring safe and reliable transportation of oil and gas to market. This expansion not only boosts the demand for installation and maintenance services but also drives innovation in technology and methodologies to meet evolving industry requirements.

Threat:

Geopolitical instabilities

Geopolitical instabilities in regions rich in oil and gas reserves often lead to disruptions in pipeline and process services. Conflicts, political tensions, and regulatory uncertainties can disrupt supply chains, delay projects, and increase operational risks. Investors may hesitate to commit resources to projects in volatile regions, hindering market growth. Additionally, geopolitical tensions can escalate operational costs, threaten personnel safety, and result in infrastructure damage, further impeding market development and stability.

Covid-19 Impact

The covid-19 pandemic significantly impacted the pipeline & process services market. Lockdown measures, supply chain disruptions, and reduced industrial activities led to project delays and cancellations. However, the market witnessed a gradual recovery as restrictions eased and energy demand rebounded. The crisis accelerated digitalization trends, prompting companies to adopt remote monitoring and automation solutions. Despite challenges, the market is adapting to new norms, focusing on resilience, efficiency, and safety measures to navigate the ongoing uncertainties.

The onshore segment is expected to be the largest during the forecast period

The onshore segment is estimated to have a lucrative growth. Onshore pipeline & process services encompass a range of activities crucial to the energy sector. These services involve the construction, maintenance, and inspection of pipelines, as well as the operation and optimization of processing facilities. Skilled personnel utilize advanced technologies to ensure the safe and efficient transportation of oil, gas, and other fluids overland. From installation to ongoing management, these services are essential for the seamless functioning of onshore energy infrastructure.

The water & wastewater treatment segment is expected to have the highest CAGR during the forecast period

The water & wastewater treatment segment is anticipated to witness the highest CAGR growth during the forecast. Pipeline & process services play a critical role in water and wastewater treatment applications, ensuring the efficient flow and management of fluids. These services encompass a range of activities including pipeline maintenance, cleaning, inspection, and repair. By employing advanced technologies and methodologies, they help optimize the performance of treatment systems, minimize downtime, and ensure compliance with regulatory standards, ultimately contributing to the effective management and conservation of water resources.

Region with largest share:

The pipeline & process services market in the Asia Pacific region is witnessing robust growth driven by expanding industrialization, infrastructural development, and increasing energy demand. Key factors include the region's burgeoning oil & gas sector, rising investments in pipeline infrastructure, and stringent regulatory requirements for pipeline integrity and safety. Technological advancements such as smart pigging and pipeline inspection services are further propelling market growth. With a focus on enhancing operational efficiency and ensuring compliance with environmental standards, the Asia Pacific Pipeline & Process Services market is poised for sustained expansion in the coming years.

Region with highest CAGR:

The pipeline & process services market in North America is robust, driven by the region's extensive network of pipelines and growing demand for energy resources. Technological advancements, regulatory requirements, and the growing emphasis on environmental sustainability shape the market landscape. Additionally, the shale gas boom in regions like the Permian Basin fuels demand for pipeline services, making North America a dynamic and competitive market for pipeline and process services.

Key players in the market

Some of the key players profiled in the Pipeline & Process Services Market include Halliburton, Baker Hughes, Schlumberger Limited, Altus Intervention, Eunisell Limited, IKM Gruppen, Trans Asia Pipelines, T.D. Williamson, Inc, Oceaneering International, Inc, Alphaden Energy & Oilfield Limited, STATS Group, Hydratight Limited, Ideh Pouyan Energy Co, Dexon Technology PLC, BlueFin Services, STEP Energy Services, National Oilwell Varco, EnerMech, Tucker Energy Services and Chenergy Services.

Key Developments:

In November 2023, Energy technology company Baker Hughes launched its new PythonPipe™ portfolio, the latest in reinforced thermoplastic pipe (RTP) technology that enables faster installation, reduced time to first production and lower lifecycle emissions. The PythonPipe portfolio will offer pressure capacities of up to 3000psi and temperature resilience of up to 180°F. 

In October 2023, Halliburton Company introduced the FlexRite® Selective Access multilateral completion system to address more complex and demanding well scenarios. Through an innovative combination of stimulation capability and through-completion selective intervention, the FlexRite Selective Access system delivers life-of-well versatility to multilateral installations.

Asset Types Covered:
• Pipeline        
• Process

Services Covered:
• Pipeline Integrity Services
• Process Services
• Testing Services
• Umbilical Services
• Vacuum Drying
• Hot Oil Flushing
• Other Services

Applications Covered:
• Onshore
• Offshore

End Users Covered:
• Oil & Gas
• Chemical & Petrochemical
• Power Generation
• Water & Wastewater Treatment
• Pharmaceuticals
• Food & Beverage
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary     
       
2 Preface      
 2.1 Abstract     
 2.2 Stake Holders    
 2.3 Research Scope    
 2.4 Research Methodology   
  2.4.1 Data Mining   
  2.4.2 Data Analysis   
  2.4.3 Data Validation   
  2.4.4 Research Approach   
 2.5 Research Sources    
  2.5.1 Primary Research Sources  
  2.5.2 Secondary Research Sources  
  2.5.3 Assumptions   
       
3 Market Trend Analysis    
 3.1 Introduction    
 3.2 Drivers     
 3.3 Restraints    
 3.4 Opportunities    
 3.5 Threats     
 3.6 Application Analysis   
 3.7 End User Analysis    
 3.8 Emerging Markets    
 3.9 Impact of Covid-19    
       
4 Porters Five Force Analysis    
 4.1 Bargaining power of suppliers   
 4.2 Bargaining power of buyers   
 4.3 Threat of substitutes   
 4.4 Threat of new entrants   
 4.5 Competitive rivalry    
       
5 Global Pipeline & Process Services Market, By Asset Type 
 5.1 Introduction    
 5.2 Pipeline            
  5.2.1 Distribution Pipeline  
  5.2.2 Transmission Pipeline  
  5.2.3 Gathering Pipelines   
 5.3 Process     
  5.3.1 Forties Pipeline System (FPS)  
  5.3.2 Gas Storage   
  5.3.3 Gas Processing   
       
6 Global Pipeline & Process Services Market, By Service 
 6.1 Introduction    
 6.2 Pipeline Integrity Services   
  6.2.1 Inspection   
  6.2.2 Maintenance   
  6.2.3 Repair    
 6.3 Process Services    
  6.3.1 Cleaning    
  6.3.2 Purging    
  6.3.3 Drying    
  6.3.4 Nitrogen Services   
  6.3.5 Hot Tapping & Line Stopping  
  6.3.6 Leak Detection   
 6.4 Testing Services    
  6.4.1 Hydrostatic Testing   
  6.4.2 Pneumatic Testing   
 6.5 Umbilical Services    
 6.6 Vacuum Drying    
 6.7 Hot Oil Flushing    
 6.8 Other Services    
       
7 Global Pipeline & Process Services Market, By Application 
 7.1 Introduction    
 7.2 Onshore     
 7.3 Offshore     
       
8 Global Pipeline & Process Services Market, By End User 
 8.1 Introduction    
 8.2 Oil & Gas     
 8.3 Chemical & Petrochemical   
 8.4 Power Generation    
 8.5 Water & Wastewater Treatment  
 8.6 Pharmaceuticals    
 8.7 Food & Beverage    
 8.8 Other End Users    
       
9 Global Pipeline & Process Services Market, By Geography 
 9.1 Introduction    
 9.2 North America    
  9.2.1 US    
  9.2.2 Canada    
  9.2.3 Mexico    
 9.3 Europe     
  9.3.1 Germany    
  9.3.2 UK    
  9.3.3 Italy    
  9.3.4 France    
  9.3.5 Spain    
  9.3.6 Rest of Europe   
 9.4 Asia Pacific    
  9.4.1 Japan    
  9.4.2 China    
  9.4.3 India    
  9.4.4 Australia    
  9.4.5 New Zealand   
  9.4.6 South Korea   
  9.4.7 Rest of Asia Pacific   
 9.5 South America    
  9.5.1 Argentina   
  9.5.2 Brazil    
  9.5.3 Chile    
  9.5.4 Rest of South America  
 9.6 Middle East & Africa   
  9.6.1 Saudi Arabia   
  9.6.2 UAE    
  9.6.3 Qatar    
  9.6.4 South Africa   
  9.6.5 Rest of Middle East & Africa  
       
10 Key Developments     
 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
 10.2 Acquisitions & Mergers   
 10.3 New Product Launch   
 10.4 Expansions    
 10.5 Other Key Strategies   
       
11 Company Profiling     
 11.1 Halliburton    
 11.2 Baker Hughes    
 11.3 Schlumberger Limited   
 11.4 Altus Intervention    
 11.5 Eunisell Limited    
 11.6 IKM Gruppen    
 11.7 Trans Asia Pipelines    
 11.8 T.D. Williamson, Inc    
 11.9 Oceaneering International, Inc  
 11.10 Alphaden Energy & Oilfield Limited  
 11.11 STATS Group    
 11.12 Hydratight Limited    
 11.13 Ideh Pouyan Energy Co   
 11.14 Dexon Technology PLC   
 11.15 BlueFin Services    
 11.16 STEP Energy Services   
 11.17 National Oilwell Varco   
 11.18 EnerMech    
 11.19 Tucker Energy Services   
 11.20 Chenergy Services    
       
List of Tables      
1 Global Pipeline & Process Services Market Outlook, By Region (2022-2030) ($MN)
2 Global Pipeline & Process Services Market Outlook, By Asset Type (2022-2030) ($MN)
3 Global Pipeline & Process Services Market Outlook, By Pipeline         (2022-2030) ($MN)
4 Global Pipeline & Process Services Market Outlook, By Distribution Pipeline (2022-2030) ($MN)
5 Global Pipeline & Process Services Market Outlook, By Transmission Pipeline (2022-2030) ($MN)
6 Global Pipeline & Process Services Market Outlook, By Gathering Pipelines (2022-2030) ($MN)
7 Global Pipeline & Process Services Market Outlook, By Process (2022-2030) ($MN)
8 Global Pipeline & Process Services Market Outlook, By Forties Pipeline System (FPS) (2022-2030) ($MN)
9 Global Pipeline & Process Services Market Outlook, By Gas Storage (2022-2030) ($MN)
10 Global Pipeline & Process Services Market Outlook, By Gas Processing (2022-2030) ($MN)
11 Global Pipeline & Process Services Market Outlook, By Service (2022-2030) ($MN)
12 Global Pipeline & Process Services Market Outlook, By Pipeline Integrity Services (2022-2030) ($MN)
13 Global Pipeline & Process Services Market Outlook, By Inspection (2022-2030) ($MN)
14 Global Pipeline & Process Services Market Outlook, By Maintenance (2022-2030) ($MN)
15 Global Pipeline & Process Services Market Outlook, By Repair (2022-2030) ($MN)
16 Global Pipeline & Process Services Market Outlook, By Process Services (2022-2030) ($MN)
17 Global Pipeline & Process Services Market Outlook, By Cleaning (2022-2030) ($MN)
18 Global Pipeline & Process Services Market Outlook, By Purging (2022-2030) ($MN)
19 Global Pipeline & Process Services Market Outlook, By Drying (2022-2030) ($MN)
20 Global Pipeline & Process Services Market Outlook, By Nitrogen Services (2022-2030) ($MN)
21 Global Pipeline & Process Services Market Outlook, By Hot Tapping & Line Stopping (2022-2030) ($MN)
22 Global Pipeline & Process Services Market Outlook, By Leak Detection (2022-2030) ($MN)
23 Global Pipeline & Process Services Market Outlook, By Testing Services (2022-2030) ($MN)
24 Global Pipeline & Process Services Market Outlook, By Hydrostatic Testing (2022-2030) ($MN)
25 Global Pipeline & Process Services Market Outlook, By Pneumatic Testing (2022-2030) ($MN)
26 Global Pipeline & Process Services Market Outlook, By Umbilical Services (2022-2030) ($MN)
27 Global Pipeline & Process Services Market Outlook, By Vacuum Drying (2022-2030) ($MN)
28 Global Pipeline & Process Services Market Outlook, By Hot Oil Flushing (2022-2030) ($MN)
29 Global Pipeline & Process Services Market Outlook, By Other Services (2022-2030) ($MN)
30 Global Pipeline & Process Services Market Outlook, By Application (2022-2030) ($MN)
31 Global Pipeline & Process Services Market Outlook, By Onshore (2022-2030) ($MN)
32 Global Pipeline & Process Services Market Outlook, By Offshore (2022-2030) ($MN)
33 Global Pipeline & Process Services Market Outlook, By End User (2022-2030) ($MN)
34 Global Pipeline & Process Services Market Outlook, By Oil & Gas (2022-2030) ($MN)
35 Global Pipeline & Process Services Market Outlook, By Chemical & Petrochemical (2022-2030) ($MN)
36 Global Pipeline & Process Services Market Outlook, By Power Generation (2022-2030) ($MN)
37 Global Pipeline & Process Services Market Outlook, By Water & Wastewater Treatment (2022-2030) ($MN)
38 Global Pipeline & Process Services Market Outlook, By Pharmaceuticals (2022-2030) ($MN)
39 Global Pipeline & Process Services Market Outlook, By Food & Beverage (2022-2030) ($MN)
40 Global Pipeline & Process Services Market Outlook, By Other End Users (2022-2030) ($MN)
       
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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