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Pipeline Integrity Management Market Size (2024 - 2029)

The pipeline integrity management market is experiencing growth driven by the expansion of pipeline infrastructure to meet rising energy demands and the maintenance of aging systems. Despite challenges posed by the COVID-19 pandemic, which led to project delays and decreased gas demand, the market is poised for expansion due to increased natural gas infrastructure needs and opportunities in onshore pipeline maintenance. The Asia-Pacific region, fueled by a shale boom, is particularly influential in the market's growth trajectory.

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Market Size of Pipeline Integrity Management Industry

Pipeline Integrated Management Market Summary
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

Pipeline Integrated Management Market 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 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
North America
United States
Canada
Rest of North America
Asia-Pacific
China
India
Malaysia
Australia
Rest of Asia-Pacific
Europe
United Kingdom
Norway
Russia
Rest of Europe
Middle-East and Africa
Saudi Arabia
United Arab Emirates
Nigeria
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America
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Pipeline Integrity Management Market Size Summary

The pipeline integrity management market is poised for growth, driven by the increasing demand for natural gas and the expansion of pipeline infrastructure to support unconventional oil and gas exploration and production. The market, which faced significant challenges during the COVID-19 pandemic due to project delays and reduced demand, is expected to recover as energy consumption rises, particularly in the Asia-Pacific region. The region's shale boom has spurred substantial investments in pipeline networks, creating opportunities for pipeline integrity management services. Despite the shift towards marine vessels for oil and gas trade, the need to maintain aging pipeline systems and enhance infrastructure to meet rising energy demands remains a key driver for the market.

Natural gas is anticipated to play a crucial role in the market's growth, with increasing global demand necessitating expanded pipeline networks. The development of new gas sources, such as shale gas, and the rise in LNG trade are expected to further boost the demand for pipeline integrity management. Countries like China and India are investing heavily in gas infrastructure to meet growing domestic needs, with significant projects underway to enhance pipeline capacity and connectivity. However, challenges such as pipeline corrosion present opportunities for advanced integrity management solutions. The market is characterized by a fragmented landscape with numerous players, including TD Williamson Inc., Emerson Electric Co., and Baker Hughes Company, who are actively engaging in partnerships and expansions to strengthen their market positions.

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Pipeline Integrity Management Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD billion, till 2027

    3. 1.3 Installed Pipeline Historic Capacity and Forecast in kilometer, till 2027

    4. 1.4 Crude Oil Production and Consumption Forecast, till 2027

    5. 1.5 Natural Gas Production and Consumption Forecast, till 2027

    6. 1.6 Recent Trends and Developments

    7. 1.7 Government Policies and Regulations

    8. 1.8 Market Dynamics

      1. 1.8.1 Drivers

      2. 1.8.2 Restraints

    9. 1.9 Supply Chain Analysis

    10. 1.10 Porter's Five Forces Analysis

      1. 1.10.1 Bargaining Power of Suppliers

      2. 1.10.2 Bargaining Power of Consumers

      3. 1.10.3 Threat of New Entrants

      4. 1.10.4 Threat of Substitute Products and Services

      5. 1.10.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Sector

      1. 2.1.1 Crude Oil

      2. 2.1.2 Natural Gas

    2. 2.2 Location of Deployment

      1. 2.2.1 Onshore

      2. 2.2.2 Offshore

    3. 2.3 Service Type

      1. 2.3.1 Inspection Services

      2. 2.3.2 Cleaning Services

      3. 2.3.3 Repair and Refurbishment Services

    4. 2.4 Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

        3. 2.4.1.3 Rest of North America

      2. 2.4.2 Asia-Pacific

        1. 2.4.2.1 China

        2. 2.4.2.2 India

        3. 2.4.2.3 Malaysia

        4. 2.4.2.4 Australia

        5. 2.4.2.5 Rest of Asia-Pacific

      3. 2.4.3 Europe

        1. 2.4.3.1 United Kingdom

        2. 2.4.3.2 Norway

        3. 2.4.3.3 Russia

        4. 2.4.3.4 Rest of Europe

      4. 2.4.4 Middle-East and Africa

        1. 2.4.4.1 Saudi Arabia

        2. 2.4.4.2 United Arab Emirates

        3. 2.4.4.3 Nigeria

        4. 2.4.4.4 Rest of Middle-East and Africa

      5. 2.4.5 South America

        1. 2.4.5.1 Brazil

        2. 2.4.5.2 Argentina

        3. 2.4.5.3 Rest of South America

Pipeline Integrity Management Market Size FAQs

The Pipeline Integrity Management Market is projected to register a CAGR of 3.21% during the forecast period (2024-2029)

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.

Pipeline Integrity Management Market Report Snapshots

Pipeline Integrity Management Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)