Pipeline & Process Services Market Research Report - Global Forecast till 2030

Pipeline & Process Services Market Research Report: Information by Asset Type [Pipeline (Transmission Pipeline and Distribution Pipeline) and Process (Refinery & Petrochemical Facilities, FPS, Gas Processing and Gas Storage)], Operation (Pre-Commissioning & Commissioning, Maintenance, and De-Commissioning), End Users (Power Generation, Chemicals & Refined Products, Water & Wastewater, Oil & Gas and others) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) - Forecast till 2030

ID: MRFR/E&P/7544-HCR | November 2022 | Region: Global | 111 Pages         

Global Pipeline & Process Services Market

The Global Pipeline & process services Market Size is expected to cross USD 6552.1 Billion by 2027 at a CAGR of 5% during the forecast period ending in 2027

Segmentation

By Asset Type Pipeline Process
By Operation Pre-commissioning & Commissioning Maintenance Decommissioning

Key Players

  • Halliburton (US)
  • BHGE (US)
  • Enermech (Scotland)
  • Hydratight (UK)
  • Techfem SpA (Italy)
  • Altus Intervention (Norway)
  • Blue Fin Group (US)
  • Chenergy Services Limited (Nigeria)
  • IKM Ocean Design (Norway)
  • Tucker Energy Services (US)
  • IPEC Ltd. (UK)
  • Trans Asia Pipeline & Specialty Services (UAE)

Drivers

  • Growing natural gas consumption
  • High investments lined up for pipeline business procedures
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Pipeline & process services Market Overview


The Global Pipeline & process services Market Value is estimated to be valued at USD 3,826.9 Million during the historic forecast period that ended in 2019. The Global Pipeline & process services Market Size is expected to cross USD 4.8 Billion, at a CAGR of 5.2% during the forecast period ending in 2030. The Global market Value was estimated at USD 4018.2 million in 2021. The market Share is exp&ing as the petroleum sector exp&s, as well as its good utility for moving chemicals, a global focus on public utilities, & for delivering water for irrigation purposes. Pipeline & process services have inherent strength, are lightweight, & are weather-resistant, making them perfect for outdoor applications. Chemical corrosion resistance is excellent, & they are simple to make & install. They have excellent hydraulic properties, can be precision linked, & have a long service life.

Pipeline & process services Market COVID 19 Analysis


The COVID-19 problem has wreaked havoc on the pipeline & process services Market Size. The outbreak had a significant influence on market growth, resulting in lower consumption of pipes & fittings among end-user sectors. Furthermore, supply chain interruptions & a labor shortage have reduced the value of new contracts in real estate construction projects over time. Industry companies have been obliged to reduce inventory & expenses due to a drop in consumption. Due to factory closures in the Asia Pacific & Europe, as well as strict lockdown measures, product producers have seen a decrease in the raw material outflow. On the supply side, some industries saw a significant decline in demand as a result of the advent of economic instability, resulting in lower costs & inventory. As a result, demand for Pipeline & process services in many industries has fallen, thus impacting the market growth.

In the future years, these infrastructure developments are expected to fuel the Pipeline & process services Market Growth in the United States.

Pipeline & process services Market Dynamics


Drivers

The major & the foremost driver for the global Pipeline & process services Market growth is considered to be the growth in the oil & gas industry as they are very resistant to corrosion & are safe to use. The next main driver of the Pipeline & process services Industry is the growth of the chemical industry in developing nations as Pipeline & process services are corrosion-free of chemicals & are easy to install in the chemical industries. Also, Water delivery to suitable agricultural l& is becoming increasingly important around the world & Pipeline & process services have made it easy to do so. Furthermore, the majority of construction companies employ lightweight pipes, which lower the entire cost of transportation & installation. This is another component that drives the Pipeline & process services Market Share on a very positive side. Last but not the least, in the many end-user sectors, rapid industrialization has increased the demand for lightweight & durable pipes which is completed with the help of the Pipeline & process services.

Restraints

The Pipeline & process services market expansion is limited by the high cost of raw materials resulting in restraining the market. The Pipeline & process services Market Value of new contracts in real estate construction projects has decreased due to supply chain disruption & a labor shortage. Industry companies have been obliged to reduce expenses & inventory due to a drop in consumption. Also, the repair & maintenance of the Pipeline & process services require a skilled workforce & for that huge outsourcing & training are required which is a costly process. The Brittleness of the Pipeline & process services also causes structural damages which also lead to more costs further.

Technology Analysis


The global Pipeline & process services Market Share is being driven by several reasons. Some of these include the expansion of the petroleum industry, as well as a heightened awareness of the intriguing features of these pipes, such as their lightweight, inherent strength, durability, making them ideal for outdoor use, high resistance to chemical corrosion, ease of installation & manufacture, & superior hydraulic characteristics. Additional factors driving the global Pipeline & process services Market Revenue include the ability to be reliable & validity coupled, have a long service life, rising demand for lightweight, durable, & high strength.

Segment Overview


The Global Market for Pipeline & process services has been bifurcated into various segments that will help the market to achieve the highest CAGR during the forecast period. The market has been segmented based on the following:

Based on asset type, the market has been segmented as follows:

Pipeline


  • Transmission Pipelines

  • Distribution Pipelines


Process


  • Refinery & Petrochemical facility management

  • FPS management

  • Gas Processing

  • Gas Storage


Based on operation, the pipeline & process services market has been segmented as follows:

Pre-commissioning & Commissioning


  • Filling, cleaning and gauging

  • Dewatering & Leak testing

  • Nitrogen Services

  • Pressure testing

  • Chemical cleaning

  • Hydrostatic testing

  • Others (Others include Hot Oil Flushing, Umbilical Testing Services (Umbilical Flushing, Umbilical Testing), Pneumatic Testing, De-sanding, De-oiling and De-scaling using water & oil-based Gels, Corrosion Prevention, Vacuum Drying, and others)


Maintenance


  • Flow remediation

  • Nitrogen services

  • Pipe freezing

  • Bolting & tensioning and Flange management

  • Chemical cleaning

  • Others (Others includes Mechanical cleaning, Hydrostatic testing, Retro Jetting, Flushing/ Disposal, Leak testing, and Gel services)


Decommissioning


  • Nitrogen service

  • Chemical cleaning

  • Bolting & tensioning

  • Flushing

  • Pipe Freezing

  • Others (Others includes Retro Jetting, Dewatering & Swabbing, Valve Services, Washing, Disposal, Filtration, and Drying)


Based on region, the market has been segmented as follows:


  • North America

  • Asia Pacific

  • Europe & Sub-Saharan Africa

  • Middle East & North Africa

  • Eurasia

  • Latin America


Regional Analysis


The global Pipeline & process services market is divided into various regions: North America, Europe, Asia Pacific, Latin America, & Middle East & Africa. The presence of fast-developing economies in the region, the growing utility sector, the availability of skilled labor, high demand from end-users, & favorable government regulations are compelling manufacturers to set up production facilities in the region, with China being the largest consumer of pipes, the presence of numerous chemical manufacturing companies.

Over the forecast period, Europe is expected to maintain the second-largest share of the worldwide Pipeline & process services market. The rising demand from the oil & gas industry & its utility sector, rising investments in regional infrastructure development, the presence of large industrial effluent treatment & chemical processing companies in Spain, the United Kingdom, France, & Germany, & rising natural gas export are all contributing to the global demand.

Competitive Landscape


The key market players have been recognized as follows:


  • Baker Hughes Company (US)

  • Trans Asia Pipelines (UAE)

  • EnerMech (UK)

  • IPEC (Iran)

  • IKM Gruppen (Norway)

  • STEP Energy, Services (US)

  • Enerpac Tool Group (UK)

  • BlueFin a GATE Energy company (US)

  • Altus Intervention (Norway)


Recent Developments



  • In September 2020, one of the prominent players in the market - EnerMech won a 12-month contract in the Southern North Sea. The globally functional company will deliver a range of specialist services such as nitrogen, bolting, and flange management; pipework removal; and purging of all assets under the project. It will also render support in the installation of new pipework, controlled bolting, and leak testing.

  • In September 2020, the same company opened a new entity EnerMech (BN) Bhd Shd, to support the company’s growing activities in Brunei. The main idea behind the company to take this step to enhance its presence and offer integrated end-to-end services in Brunei.

  • In July 2020, another company - IKM Group was awarded a contract from Johan Castberg for N2/He leakage testing and PSV calibration and supplementary work related to bolt work, chemical cleaning, hot oil flushing, drying, machining of flanges, cutting pipes, and others like machining pipe wedges, and so on.

  • In April 2020, Techfem reported to have won a contract from Società Gasdotti Italia for project management, site supervision, and field safety management services in support of the construction of lots 3 and 4 of the Larino–Chieti gas pipeline. The globally ongoing project is part of the Dorsale Larino–Recanati, a strategic infrastructure included in the 10-year development plan of the natural gas transmission system.

  • In June 2019, another prominent player of the market - Baker Hughes opened a multimodal facility (MMF) for oil and gas in Luanda, Angola. The rendered facility delivers a suite of products and services across the oil and gas value chain. It will act as a hub to support customers and projects in regions like Angola and Southern Africa and will also serve customers globally.


Report Overview


The report tells about a variety of factors that are propelling the global Pipeline & process services market share. Some of these include the expansion of the petroleum industry, increased awareness of the alluring features of these pipes, such as their lightweight, inherent strength, durability, high strength, & resistance to adverse weather conditions, making them ideal for outdoor use, high resistance to chemical corrosion, ease of installation & manufacture, & superior hydraulic characteristics. Through the market, economic, & demographic profiles, the study also analyses the market potential & supports designing the market entrance & expansion portfolio over the forecast period.



Report Scope:

Report Attribute/Metric Details
  Market Size

  • 2027: USD 4.8 Billion
  • 2030: Significant Value
  •   CAGR   5.2% CAGR (2022-2030)
      Base Year   2021
      Forecast Period   2022-2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Billion)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Asset Type, Process, Operation and End Users
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Halliburton (US), BHGE (US), Enermech (Scotland), Hydratight (UK), Techfem SpA (Italy), Altus Intervention (Norway), Blue Fin Group (US), Chenergy Services Limited (Nigeria), IKM Ocean Design (Norway), Tucker Energy Services (US), IPEC Ltd. (UK), and Trans Asia Pipeline & Specialty Services (UAE)
      Key Market Opportunities

  • Several oil and gas construction projects in deep-water explorations
  • New product launches and R&D Amongst major key players
  •   Key Market Drivers

  • Growing natural gas consumption
  • High investments lined up for pipeline business procedures


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    Frequently Asked Questions (FAQ) :

    The global Pipeline & process service is expected to record a substantial market valuation of USD 4.8 Billion over the review period.

    The expected CAGR growth is 5.2% for the Pipeline & process services Market for the forecast period ending in 2030.

    The rapid urbanization & the growth of chemical & oil & gas industries are the major driving force for the Pipeline & process services Market.

    The Asia – Pacific or APAC region is expected to have the highest growth over the global forecast period in 2027.

    A few major market players operating in the global Pipeline & process service are BHGE, Halliburton, and Hydratight among others.