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The pipeline and process services market has recently recorded significant trends which reflect the dynamism of the energy sector, innovation in technology, as well as greater emphasis on efficiency and ecological concerns. One such trend is the escalating demand for integrity assessment service providers targeting deteriorating pipeline infrastructure. Because pipelines grow old, there is a need to regularly inspect, maintain and rehabilitate them for safety and efficient transportation of fluids like crude oil, natural gas among others. In this regard, service providers within the industry are offering advanced inspection technologies such as intelligent pigging and robotic inspection tools that can assess pipeline integrity while identifying defects like corrosion, cracks or leaks.
Another impactful change taking place in the pipeline and process services market is an increased use of digital technologies in managing pipelines. The rise of Industrial Internet of Things (IIoT) and automation has prompted operators to make almost all their operations digital so as to improve efficiency in their pipes and related processes. This includes incorporation of sensors into pipelines for data analysis purposes as well as real-time monitoring systems aimed at improving overall safety by enhancing operational efficiencies thus reducing downtime for pipe damages. Integration of these technologies parallels with the wider move towards smart infrastructure and evidence-based decisions within the field.
In addition, developments relating to environmental sustainability significantly shape this particular area of interests especially when it comes to emission monitoring and leak detection. There have been growing concerns about emissions from energy sector due to stricter regulations regarding environmental conservation issues resulting in a high demand for equipment capable of identifying emissions generated by processing plants or pipelines. Such devices include unmanned aerial vehicles (UAVs) that rely on infrared imaging among other things to quickly detect points where liquid may be leaking out. This emphasizes an important point which is that this industry must care about being environmentally friendly while meeting requirements imposed by global regulatory bodies.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Size Value In 2023 | USD 3.69 Billion |
| Growth Rate | (2022-2030 |
Pipeline Process Services Market Highlights:
Pipeline & process services Market Overview
The Global Pipeline & process services Market Value is estimated to be valued at USD 3.91 Billion during the historic forecast period that ended in 2024. The Global Pipeline & process services Market Size is expected to cross USD 6.39 Billion, at a CAGR of 5.61% during the forecast period ending in 2032. The Global market Value was estimated at USD 3.69 Billion in 2023. The market Share is expanding as the petroleum sector expands, 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 & 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.
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