Pipeline Integrity Management Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.21 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Pipeline Integrity Management Market Analysis
The pipeline integrity management market is expected to register a CAGR of around 3.21% during the forecast period. The pipeline integrity management market is one of the worst-hit industries during the COVID-19 pandemic. Since the pipeline projects witnessed delays due to imposed lockdown restrictions in major countries like the United States, India, and other countries. The decreased gas demand due to the decline in electricity consumption and travel restrictions also affected gas consumption in several countries negatively. Major factors driving the market studied are the rising exploration and production (E&P) development of unconventional oil and gas sources leading to the pipeline expansion, the bid to maintain output from aging pipeline systems, and the need to cater to the rising energy demand by increasing the oil and gas pipeline infrastructure. The increasing preference for marine vessels over subsea pipelines for the oil and gas trade between countries separated by sea has negatively impacted the demand for the market studied.
- Natural gas is expected to witness a significant increase globally, resulting in an increased demand for natural gas pipeline infrastructure, which in turn culminates in the growth of the pipeline integrity management market during the forecast period.
- More than 80% of the pipelines are located onshore. The United States has a mandate for pipeline maintenance every year. Therefore, these large number of projects are expected to contribute to a major opportunity for pipeline integrity management services.
- Asia-Pacific is dominating the market, mainly due to the shale boom. This has resulted in huge demand for the expansion of the pipeline network and its capacity.
Pipeline Integrity Management Market Trends
This section covers the major market trends shaping the Pipeline Integrity Management Market according to our research experts:
Increasing Demand for Natural Gas Pipeline Infrastructure
- The pipeline is the most economical way of transporting natural gas, crude oil, and petroleum product over a long distance. The consumption of natural gas increased significantly, reaching 3,822.8 billion cubic meters (bcm) in 2020, owing to the increasing demand for natural gas in multiple industries, including power generation and transportation. This trend is expected to continue in the coming years and is likely to drive the gas pipeline infrastructure across various countries.
- Russia continued to be the largest LNG exporter globally, with exports of 197.2 billion cubic meters of gas per year in 2020. The LNG trade is expected to witness a significant increase globally, resulting in increased demand for the natural gas pipeline network as well.
- By 2030, owing to factors such as environmental benefits and the quest for energy security in regions such as Middle East & Africa and Asia-Pacific, the demand for natural gas is expected to witness a significant growth among all fuel types.
- Moreover, in January 2020, the Indian government approved USD 774 million for a natural gas pipeline network in the northeast region as part of a national gas grid being built to span remote locations in the country. The 1,656 km pipeline is expected to cost up to INR 92.65 billion and is expected to be completed by 2023.
- The development of new sources of natural gas, such as shale gas deposits, and the resulting price pressure are increasing the international trade of natural gas. LNG trade is expected to witness a significant increase globally, resulting in an increased demand for natural gas pipeline networks as well, which, in turn, culminates in the growth in the pipeline integrity management market.
Asia-Pacific to Dominate the Market
- The energy consumption in Asia-Pacific is expected to increase by up to 48% by 2050. According to the International Energy Agency (IEA), China is expected to contribute 30% of the world's energy increase until 2025. Moreover, natural gas imports have been continuously rising in China and reached 138.371 bcm in 2020, thus, meeting the increasing domestic demand.
- China's state-owned firms, including CNPC and China National Offshore Oil Corporation, have plans to maximize production at local gas fields, further driving the pipeline demand in the region.
- India is also modifying its gas pipeline infrastructure to meet the growing demand. In the annual budget for 2021, the Indian government announced a pipeline project for the union territory of Jammu and Kashmir. Apart from this, the nation aims to increase the natural gas share to 15% in the energy basket and expects USD 66 billion investment in building the gas infrastructure, including gas pipeline, CGD, and LNG regasification terminals.
- Moreover, in December 2020, the Indian government announced a USD 60 billion investment for creating gas pipeline infrastructure, which covers the expansion of Compressed Natural Gas pipeline networks (CGD) in 232 geographical areas across the country by 2024.
- In China, investment in the pipeline sector has gained momentum after the shale gas boom. Therefore, this has further increased the need for sophisticated pipeline networks, calling for efficient operation and maintenance. However, corrosion of pipelines remains a significant challenge for pipeline operators. This, in turn, culminates as a good opportunity for the growth of the Pipeline Integrity Management Market in the forecast period.
Pipeline Integrity Management Industry Overview
The pipeline integrity management market is fragmented with a large number of players. Some of the key companies in the market include TD Williamson Inc., Emerson Electric Co., Baker Hughes Company, TÜV Rheinland, and SGS SA.
Pipeline Integrity Management Market Leaders
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TD Williamson Inc.
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TÜV Rheinland
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Emerson Electric Co.
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Baker Hughes Company
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SGS SA
*Disclaimer: Major Players sorted in no particular order
Pipeline Integrity Management Market News
- In November 2021, Schneider Electric, and Prisma Photonics, a provider of next-generation fiber sensing for smart infrastructure, announced a partnership to help oil and gas pipeline owners and operators prevent accidental and malicious activity by providing real-time intelligence and precise monitoring of oil and gas infrastructure.
- In August 2021, the Dakota Access Pipeline (DAPL) Expansion project increased its capacity by 180,000 BPD along with the DAPL system by adding horsepower and upgrades at pump stations. The DAPL system runs from North Dakota through South Dakota and Iowa and ends near Patoka, Illinois, in the United States.
Pipeline Integrity Management Market Report - Table of Contents
1. INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2027
4.3 Installed Pipeline Historic Capacity and Forecast in kilometer, till 2027
4.4 Crude Oil Production and Consumption Forecast, till 2027
4.5 Natural Gas Production and Consumption Forecast, till 2027
4.6 Recent Trends and Developments
4.7 Government Policies and Regulations
4.8 Market Dynamics
4.8.1 Drivers
4.8.2 Restraints
4.9 Supply Chain Analysis
4.10 Porter's Five Forces Analysis
4.10.1 Bargaining Power of Suppliers
4.10.2 Bargaining Power of Consumers
4.10.3 Threat of New Entrants
4.10.4 Threat of Substitute Products and Services
4.10.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Sector
5.1.1 Crude Oil
5.1.2 Natural Gas
5.2 Location of Deployment
5.2.1 Onshore
5.2.2 Offshore
5.3 Service Type
5.3.1 Inspection Services
5.3.2 Cleaning Services
5.3.3 Repair and Refurbishment Services
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Rest of North America
5.4.2 Asia-Pacific
5.4.2.1 China
5.4.2.2 India
5.4.2.3 Malaysia
5.4.2.4 Australia
5.4.2.5 Rest of Asia-Pacific
5.4.3 Europe
5.4.3.1 United Kingdom
5.4.3.2 Norway
5.4.3.3 Russia
5.4.3.4 Rest of Europe
5.4.4 Middle-East and Africa
5.4.4.1 Saudi Arabia
5.4.4.2 United Arab Emirates
5.4.4.3 Nigeria
5.4.4.4 Rest of Middle-East and Africa
5.4.5 South America
5.4.5.1 Brazil
5.4.5.2 Argentina
5.4.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by the Key Players
6.3 Company Profiles
6.3.1 Infosys Limited
6.3.2 Baker Hughes Company
6.3.3 Bureau Veritas SA
6.3.4 TUV Rheinland
6.3.5 TD Williamson Inc.
6.3.6 Emerson Electric Co.
6.3.7 SGS SA
6.3.8 EnerMech Limited
6.3.9 MATCOR Inc.
6.3.10 TWI Ltd
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Pipeline Integrity Management Industry Segmentation
The pipeline integrity management market report includes:
| Sector | |
| Crude Oil | |
| Natural Gas |
| Location of Deployment | |
| Onshore | |
| Offshore |
| Service Type | |
| Inspection Services | |
| Cleaning Services | |
| Repair and Refurbishment Services |
| Geography | |||||||
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Pipeline Integrity Management Market Research FAQs
What is the current Pipeline Integrity Management Market size?
The Pipeline Integrity Management Market is projected to register a CAGR of 3.21% during the forecast period (2024-2029)
Who are the key players in Pipeline Integrity Management Market?
TD Williamson Inc., TÜV Rheinland, Emerson Electric Co., Baker Hughes Company and SGS SA are the major companies operating in the Pipeline Integrity Management Market.
Which is the fastest growing region in Pipeline Integrity Management Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Pipeline Integrity Management Market?
In 2024, the North America accounts for the largest market share in Pipeline Integrity Management Market.
What years does this Pipeline Integrity Management Market cover?
The report covers the Pipeline Integrity Management Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Pipeline Integrity Management Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Pipeline Integrity Management Industry Report
Statistics for the 2024 Pipeline Integrity Management market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Pipeline Integrity Management analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
