Market Size of Pipeline Services Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 3.90 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Pipeline Services Market Analysis
The market for pipeline services is expected to grow at a CAGR of more than 3.9% during the forecast period of 2020 - 2025. As of 2019, there were approximately 145,353 miles of pipelines planned and under-construction, of which 94,773 miles are in the engineering and design phase, while 50,580 are in various stages of construction. The natural gas pipeline network is expected to grow in parallel to the increase in natural gas demand, which in turn is expected to positively impact the global pipeline services market in the coming years. Therefore, increasing natural gas pipeline infrastructure is expected to drive the market over the forecast period. However, alternate modes of transport primarily via marine vessels is expected to hinder the market growth.
- Intelligent Pigging dominates the market with the technological advancements, which are helping in improving capabilities and benefits of the intelligent pigging, in turn, is driving the demand for these operations.
- The upcoming pipeline projects which are under construction and planning stage globally are expected to create tremendous market opportunities in years to come.
- North America is expected to dominate the market with majority of the demand coming from the countries such as the United States and Mexico.
Pipeline Services Industry Segmentation
The pipeline services market report include:
| By Service Type | |||||
| Pre-commissioning and Commissioning Services | |||||
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| Decommissioning Services |
| By Location of Deployment | |
| Onshore | |
| Offshore |
| Geography | |
| North America | |
| Asia-Pacific | |
| Europe | |
| South America | |
| Middle East & Africa |
Pipeline Services Market Size Summary
The pipeline services market is poised for growth, driven by the expanding natural gas pipeline infrastructure and the increasing demand for energy, particularly in North America. The market is characterized by technological advancements in intelligent pigging, which enhances the inspection and maintenance capabilities of pipelines. This technology is crucial for detecting corrosion and other irregularities, thereby ensuring the integrity and efficiency of pipeline operations. The regulatory environment, especially in regions like India, mandates more frequent intelligent pigging operations, further propelling market demand. Despite the growth prospects, the market faces challenges from alternative transportation modes, such as marine vessels, which could potentially hinder its expansion.
North America is expected to lead the pipeline services market, with significant contributions from the United States and Mexico. The region's energy sector continues to thrive, with a substantial portion of crude oil and petroleum products transported via pipelines. The discovery of new extraction techniques in remote areas has opened up multiple oil and gas shale regions, enhancing production capabilities. In Canada, the reliance on pipelines for transporting natural gas and petroleum products is similarly high. The fragmented nature of the global pipeline services market sees key players like Baker Hughes Co, Barnard Construction Company Inc., and EnerMech Ltd. actively participating in the competitive landscape, aiming to capitalize on the burgeoning opportunities presented by upcoming pipeline projects.
Pipeline Services Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD billion, until 2025
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1.3 Installed Pipeline Historic Capacity and Forecast in Kilometer, until 2025
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1.4 Inter-regional Pipeline Import Capacity in BSCM, until 2025
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1.5 Inter-regional Pipeline Export Capacity in BSCM, until 2025
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1.6 Historical Offshore Pipe Lay Demand, by Water Depth/Condition, 2003-2018
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1.7 Investment in Pipelines, LNG Liquefaction, and LNG Receiving Terminals in USD billion, 2016-2027
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1.8 Onshore and Offshore CAPEX Forecast in USD billion, until 2025
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1.9 Offshore CAPEX Forecast in USD billion by Region, until 2025
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1.10 Recent Trends and Developments
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1.11 Government Policies and Regulations
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1.12 Market Dynamics
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1.12.1 Drivers
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1.12.2 Restraints
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1.13 Supply Chain Analysis
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1.14 Porter's Five Forces Analysis
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1.14.1 Bargaining Power of Suppliers
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1.14.2 Bargaining Power of Consumers
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1.14.3 Threat of New Entrants
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1.14.4 Threat of Substitutes Products and Services
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1.14.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Service Type
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2.1.1 Pre-commissioning and Commissioning Services
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2.1.2 Maintenance Services
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2.1.2.1 Repair Services
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2.1.2.2 Cleaning Services
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2.1.3 Inspection Services
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2.1.3.1 Intelligent Pigging (Magnetic Flux and Ultrasonic Pigging)
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2.1.3.2 Caliper Pigging
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2.1.3.3 Other Inspection Services
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2.1.4 Decommissioning Services
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2.2 By Location of Deployment
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2.2.1 Onshore
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2.2.2 Offshore
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2.3 Geography
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2.3.1 North America
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2.3.2 Asia-Pacific
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2.3.3 Europe
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2.3.4 South America
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2.3.5 Middle East & Africa
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Pipeline Services Market Size FAQs
What is the current Pipeline Services Market size?
The Pipeline Services Market is projected to register a CAGR of greater than 3.9% during the forecast period (2024-2029)
Who are the key players in Pipeline Services Market?
Barnard Construction Company Inc. , Sunland Construction Inc. , Snelson Companies Inc. , EnerMech Ltd and Baker Hughes Co are the major companies operating in the Pipeline Services Market.
