Pipeline and Process Services Market: Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, Segmentation

Pipeline and Process Services Market is expected to reach US$ 15.09 Bn. in 2030 from US$ 7.84 Bn. in 2023 at CAGR of 9.79% during the forecast period.

Format : PDF | Report ID : SMR_2516

Pipeline and Process Services Market Overview:

The pipeline and process services market is segmented on the basis of asset type, operation, end user and region. Moreover, the geographies of the market include North America, Europe, Asia-Pacific, Middle East and Africa (ME&A) and South America. The pipeline and process services market stood at 3.3 billion US dollars in the year 2021 and was impacted by Covid-19 the next year and hence experienced decline. As per a report from Baker and Hughes rotary rigs in Saudi Arabia went up to 125 numbers in 2019 from a mere 84 numbers in 2012. This explains the rise in the pipeline and process services market.

Pipeline and Process Services Market

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Pipeline and Process Services Market Dynamics:

The overall global pipeline and process services market has undergone heavy pressure from the Covid-19 induced lockdown and disruption in the supply chain of the same from the year 2020. However, despite all the technical and political hurdles the pipeline and process service market is projected to show great growth potential and the value of USD 5.94 billion in 2027 from a value of USD 3.39 billion in 2021.

For approximately two months in 2020, China which is the world's greatest consumer of oil, gas, and refined petroleum products, was under siege. As a result, oil prices began to fall in February 2020. Moreover, in March 2020, Saudi Arabia and Russia engaged in an oil price war in response to Russia's refusal to cut output in order to keep prices stable. This lasted for days, resulting in a springtime decline in oil prices. The OPEC countries have also increased their production capacity to match the extremely competitive global rates and to counter the Russian oil and gas prices. All these activities have led to challenges for the pipeline and process services market.

Increasing urban population in the developing economies indicate that there would be increased investment in infrastructure involving power, urban planning and irrigation and hence will boost the overall global pipeline and process services market. As a matter of fact, as per UN report, 68% of world population will become urban dwellers by 2050. China, Vietnam, Malaysia, India, and Sri Lanka accounted for 36.1 million barrels per day of crude oil demand in APAC in 2019, with rising demands from nations like China, Vietnam, Malaysia, India, and Sri Lanka. In 2019, Gazprom, a Russian oil and gas corporation, discovered two additional fields on the Yamal Peninsula shelf, the Dinkov and Nyarmeyskoye fields, totaling more than 500 billion cubic meters of gas. Such oilfield exploration activities fuel pipeline and process services market growth to a very large extent.

Pipeline and Process Services Market Segment Analysis:

The Pipeline and Process Services market is further segmented on the basis of asset type, operation, end-user and region.

On the basis of asset type, the pipeline and process services market can be further segmented into two segments namely pipeline and process. Pipeline happens to be the single largest market share holder of the pipeline and process services market. The reason for such market share dominance can be credited to the rising demand of crude oil which in turn has led to an increase in the exploration and drilling activities across the globe driving the growth of pipeline and process services market.

On the basis of operation, the pipeline and process services market can be categorized into Pre-Commissioning, Maintenance, De-Commissioning. Currently maintenance segment holds majority market share due to the nature of the market itself, once the pipelines are installed and under operation most of the revenue gets generated due to O&M (Operations and Maintenance) activity itself. Additionally, the lifespan of pipeline is approximately 25 years during which the maintenance activity takes place.

Pipeline and Process Services Market

On the basis of end-user, the pipeline and process industry can be further segmented into two types Offshore and Onshore.

Pipeline and Process Services Market Regional Insights:

Global Pipeline and Process Services market can be classified into North America, Europe, Asia Pacific, Middle East and Africa (ME&A) and South America regions.

North American market includes USA and Canada as major market holders. Exxon mobile has invested 20 billion US dollars in the expansion and greenfield oil-refining plant projects in the US gulf coast by 2023. Additionally, the US and Canada market has growth potential due to increased requirements of efficient fuel transfer systems from refining to delivery locations. In 2020 the North American Pipeline and Process services markets stood at USD 1.44 billion and expected to grow during the forecast period.

European market is likely to be driven by the need for safe and energy efficient fuel transfer across the oil fields present across the continent to various countries that seek the services.

Asia-Pacific region will experience the most growth in the coming decade due to expansion of Indian and Chinese economy and since many developing nations have started to move upwards the lifestyle ladder the energy requirements of these nations will increase leading to investment in infrastructure, powerplants, water treatment plants etc that will fuel the pipeline and process services market growth.

Middle East and Africa region will continue to hold the largest market share owing to the presence of many OPEC nations that thrive on the oil extracted from the region and hence require heavy investment in oil refineries to continue oil and gas production and export the same across the globe.

South American market is predicted to undergo halted growth due to the strain on the economies of the constituent countries in the region. Countries like Venezuela that once dominated the oil and gas market export share are now dealing with the critical issue of hyperinflation and political chaos that are causing issues in the South American pipeline and process services market growth.

The objective of the report is to present a comprehensive analysis of the Pipeline and Process Services market to the stakeholders in the industry. The report provides trends that are most dominant in the Pipeline and Process Services market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the Pipeline and Process Services Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

The qualitative and quantitative data provided in the Pipeline and Process Services market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Pipeline and Process Services market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Pipeline and Process Services market.

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their product quality is in the Pipeline and Process Services market. The report also analyses if the Pipeline and Process Services market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly, if the market is dominated by a few players, etc.

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Pipeline and Process Services market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Pipeline and Process Services market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Pipeline and Process Services market is aided by legal factors.

Pipeline and Process Services Market Scope:

Pipeline and Process Services Market
Market Size in 2023	USD 7.84 Bn.
Market Size in 2030	USD 15.09 Bn.
CAGR (2024-2030)	9.79 %
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Asset Type Pipeline Process
	By Operation Pre-commissioning Maintenance Decommissioning
	By End-User Onshore Offshore
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

Pipeline and Process Services Market Key Players

Halliburton (US)
Baker Hughes Company (US)
EnerMech (UK)
IKM Gruppen (Norway)
Enerpac Tool Group (UK)
Altus Intervention (Norway)
BlueFin (US)
STEP Energy Services (US)
IPEC (Iran)
Trans Asia Pipelines (UAE)
Chenergy (Nigeria)
Techfem (Italy)
CR Asia Group (Thailand)
BGS Energy Services (USA)
Hydratight (UK)

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Frequently Asked Questions

Which region is expected to hold the highest share in the Pipeline and Process Services Market?

Asia-Pacific is projected to hold the highest share in Pipeline and Process Services market during the forecast period.

What is the market size of the Pipeline and Process Services Market by 2030?

The market size of Pipeline and Process Services market is projected to reach USD 15.09 billion in 2030.

1. Pipeline and Process Services Market Introduction
1.1. Study Assumption and Market Definition
1.2. Scope of the Study
1.3. Executive Summary

2. Pipeline and Process Services Market: Competitive Landscape
2.1. SMR Competition Matrix
2.2. Competitive Landscape
2.3. Key Players Benchmarking
2.3.1. Company Name
2.3.2. Segments
2.3.3. Revenue (2023)
2.4. Leading Pipeline and Process Services Market Companies, by Market Capitalization
2.5. Market Structure
2.5.1. Market Leaders
2.5.2. Market Followers
2.5.3. Emerging Players
2.6. Mergers and Acquisitions Details

3. Pipeline and Process Services Market: Dynamics
3.1. Market Trends by Region
3.1.1. North America Pipeline and Process Services Market Trends
3.1.2. Europe Pipeline and Process Services Market Trends
3.1.3. Asia Pacific Pipeline and Process Services Market Trends
3.1.4. Middle East and Africa Pipeline and Process Services Market Trends
3.2. Market Dynamics by Global
3.3. PORTER’s Five Forces Analysis
3.4. PESTLE Analysis
3.5. Value Chain Analysis
3.6. Technological Roadmap
3.7. Regulatory Landscape by Region
3.7.1. North America
3.7.2. Europe
3.7.3. Asia Pacific
3.7.4. Middle East and Africa
3.7.5. South America
3.8. Analysis of Other Schemes and Initiatives for the Pipeline and Process Services Industry

4. Pipeline and Process Services Market: Global Market Size and Forecast by Segmentation (by Value in USD Billion) (2023-2030)
4.1. Pipeline and Process Services Market Size and Forecast, By Asset Type (2023-2030)
4.1.1. Pipeline
4.1.2. Process
4.2. Pipeline and Process Services Market Size and Forecast, By Operation (2023-2030)
4.2.1. Pre-commissioning
4.2.2. Maintenance
4.2.3. Decommissioning
4.3. Pipeline and Process Services Market Size and Forecast, By End-User (2023-2030)
4.3.1. Onshore
4.3.2. Offshore
4.4. Pipeline and Process Services Market Size and Forecast, By Region (2023-2030)
4.4.1. North America
4.4.2. Europe
4.4.3. Asia Pacific
4.4.4. Middle East and Africa
4.4.5. South America

5. North America Pipeline and Process Services Market Size and Forecast by Segmentation (by Value in USD Billion) (2023-2030)
5.1. North America Pipeline and Process Services Market Size and Forecast, By Asset Type (2023-2030)
5.1.1. Pipeline
5.1.2. Process
5.2. North America Pipeline and Process Services Market Size and Forecast, By Operation (2023-2030)
5.2.1. Pre-commissioning
5.2.2. Maintenance
5.2.3. Decommissioning
5.3. North America Pipeline and Process Services Market Size and Forecast, By End-User (2023-2030)
5.3.1. Onshore
5.3.2. Offshore
5.4. North America Pipeline and Process Services Market Size and Forecast, by Country (2023-2030)
5.4.1. United States
5.4.1.1. United States Pipeline and Process Services Market Size and Forecast, By Asset Type (2023-2030)
5.4.1.1.1. Pipeline
5.4.1.1.2. Process
5.4.1.2. United States Pipeline and Process Services Market Size and Forecast, By Operation (2023-2030)
5.4.1.2.1. Pre-commissioning
5.4.1.2.2. Maintenance
5.4.1.2.3. Decommissioning
5.4.1.3. United States Pipeline and Process Services Market Size and Forecast, By End-User (2023-2030)
5.4.1.3.1. Onshore
5.4.1.3.2. Offshore
5.4.2. Canada
5.4.2.1. Canada Pipeline and Process Services Market Size and Forecast, By Asset Type (2023-2030)
5.4.2.1.1. Pipeline
5.4.2.1.2. Process
5.4.2.2. Canada Pipeline and Process Services Market Size and Forecast, By Operation (2023-2030)
5.4.2.2.1. Pre-commissioning
5.4.2.2.2. Maintenance
5.4.2.2.3. Decommissioning
5.4.2.3. Canada Pipeline and Process Services Market Size and Forecast, By End-User (2023-2030)
5.4.2.3.1. Onshore
5.4.2.3.2. Offshore
5.4.3. Mexico
5.4.3.1. Mexico Pipeline and Process Services Market Size and Forecast, By Asset Type (2023-2030)
5.4.3.1.1. Pipeline
5.4.3.1.2. Process
5.4.3.2. Mexico Pipeline and Process Services Market Size and Forecast, By Operation (2023-2030)
5.4.3.2.1. Pre-commissioning
5.4.3.2.2. Maintenance
5.4.3.2.3. Decommissioning
5.4.3.3. Mexico Pipeline and Process Services Market Size and Forecast, By End-User (2023-2030)
5.4.3.3.1. Onshore
5.4.3.3.2. Offshore

6. Europe Pipeline and Process Services Market Size and Forecast by Segmentation (by Value in USD Billion) (2023-2030)
6.1. Europe Pipeline and Process Services Market Size and Forecast, By Asset Type (2023-2030)
6.2. Europe Pipeline and Process Services Market Size and Forecast, By Operation (2023-2030)
6.3. Europe Pipeline and Process Services Market Size and Forecast, By End-User (2023-2030)
6.4. Europe Pipeline and Process Services Market Size and Forecast, by Country (2023-2030)
6.4.1. United Kingdom
6.4.1.1. United Kingdom Pipeline and Process Services Market Size and Forecast, By Asset Type (2023-2030)
6.4.1.2. United Kingdom Pipeline and Process Services Market Size and Forecast, By Operation (2023-2030)
6.4.1.3. United Kingdom Pipeline and Process Services Market Size and Forecast, By End-User (2023-2030)
6.4.2. France
6.4.2.1. France Pipeline and Process Services Market Size and Forecast, By Asset Type (2023-2030)
6.4.2.2. France Pipeline and Process Services Market Size and Forecast, By Operation (2023-2030)
6.4.2.3. France Pipeline and Process Services Market Size and Forecast, By End-User (2023-2030)
6.4.3. Germany
6.4.3.1. Germany Pipeline and Process Services Market Size and Forecast, By Asset Type (2023-2030)
6.4.3.2. Germany Pipeline and Process Services Market Size and Forecast, By Operation (2023-2030)
6.4.3.3. Germany Pipeline and Process Services Market Size and Forecast, By End-User (2023-2030)
6.4.4. Italy
6.4.4.1. Italy Pipeline and Process Services Market Size and Forecast, By Asset Type (2023-2030)
6.4.4.2. Italy Pipeline and Process Services Market Size and Forecast, By Operation (2023-2030)
6.4.4.3. Italy Pipeline and Process Services Market Size and Forecast, By End-User (2023-2030)
6.4.5. Spain
6.4.5.1. Spain Pipeline and Process Services Market Size and Forecast, By Asset Type (2023-2030)
6.4.5.2. Spain Pipeline and Process Services Market Size and Forecast, By Operation (2023-2030)
6.4.5.3. Spain Pipeline and Process Services Market Size and Forecast, By End-User (2023-2030)
6.4.6. Sweden
6.4.6.1. Sweden Pipeline and Process Services Market Size and Forecast, By Asset Type (2023-2030)
6.4.6.2. Sweden Pipeline and Process Services Market Size and Forecast, By Operation (2023-2030)
6.4.6.3. Sweden Pipeline and Process Services Market Size and Forecast, By End-User (2023-2030)
6.4.7. Austria
6.4.7.1. Austria Pipeline and Process Services Market Size and Forecast, By Asset Type (2023-2030)
6.4.7.2. Austria Pipeline and Process Services Market Size and Forecast, By Operation (2023-2030)
6.4.7.3. Austria Pipeline and Process Services Market Size and Forecast, By End-User (2023-2030)
6.4.8. Rest of Europe
6.4.8.1. Rest of Europe Pipeline and Process Services Market Size and Forecast, By Asset Type (2023-2030)
6.4.8.2. Rest of Europe Pipeline and Process Services Market Size and Forecast, By Operation (2023-2030)
6.4.8.3. Rest of Europe Pipeline and Process Services Market Size and Forecast, By End-User (2023-2030)

7. Asia Pacific Pipeline and Process Services Market Size and Forecast by Segmentation (by Value in USD Billion) (2023-2030)
7.1. Asia Pacific Pipeline and Process Services Market Size and Forecast, By Asset Type (2023-2030)
7.2. Asia Pacific Pipeline and Process Services Market Size and Forecast, By Operation (2023-2030)
7.3. Asia Pacific Pipeline and Process Services Market Size and Forecast, By End-User (2023-2030)
7.4. Asia Pacific Pipeline and Process Services Market Size and Forecast, by Country (2023-2030)
7.4.1. China
7.4.1.1. China Pipeline and Process Services Market Size and Forecast, By Asset Type (2023-2030)
7.4.1.2. China Pipeline and Process Services Market Size and Forecast, By Operation (2023-2030)
7.4.1.3. China Pipeline and Process Services Market Size and Forecast, By End-User (2023-2030)
7.4.2. S Korea
7.4.2.1. S Korea Pipeline and Process Services Market Size and Forecast, By Asset Type (2023-2030)
7.4.2.2. S Korea Pipeline and Process Services Market Size and Forecast, By Operation (2023-2030)
7.4.2.3. S Korea Pipeline and Process Services Market Size and Forecast, By End-User (2023-2030)
7.4.3. Japan
7.4.3.1. Japan Pipeline and Process Services Market Size and Forecast, By Asset Type (2023-2030)
7.4.3.2. Japan Pipeline and Process Services Market Size and Forecast, By Operation (2023-2030)
7.4.3.3. Japan Pipeline and Process Services Market Size and Forecast, By End-User (2023-2030)
7.4.4. India
7.4.4.1. India Pipeline and Process Services Market Size and Forecast, By Asset Type (2023-2030)
7.4.4.2. India Pipeline and Process Services Market Size and Forecast, By Operation (2023-2030)
7.4.4.3. India Pipeline and Process Services Market Size and Forecast, By End-User (2023-2030)
7.4.5. Australia
7.4.5.1. Australia Pipeline and Process Services Market Size and Forecast, By Asset Type (2023-2030)
7.4.5.2. Australia Pipeline and Process Services Market Size and Forecast, By Operation (2023-2030)
7.4.5.3. Australia Pipeline and Process Services Market Size and Forecast, By End-User (2023-2030)
7.4.6. Indonesia
7.4.6.1. Indonesia Pipeline and Process Services Market Size and Forecast, By Asset Type (2023-2030)
7.4.6.2. Indonesia Pipeline and Process Services Market Size and Forecast, By Operation (2023-2030)
7.4.6.3. Indonesia Pipeline and Process Services Market Size and Forecast, By End-User (2023-2030)
7.4.7. Malaysia
7.4.7.1. Malaysia Pipeline and Process Services Market Size and Forecast, By Asset Type (2023-2030)
7.4.7.2. Malaysia Pipeline and Process Services Market Size and Forecast, By Operation (2023-2030)
7.4.7.3. Malaysia Pipeline and Process Services Market Size and Forecast, By End-User (2023-2030)
7.4.8. Vietnam
7.4.8.1. Vietnam Pipeline and Process Services Market Size and Forecast, By Asset Type (2023-2030)
7.4.8.2. Vietnam Pipeline and Process Services Market Size and Forecast, By Operation (2023-2030)
7.4.8.3. Vietnam Pipeline and Process Services Market Size and Forecast, By End-User 2023-2030)
7.4.9. Taiwan
7.4.9.1. Taiwan Pipeline and Process Services Market Size and Forecast, By Asset Type (2023-2030)
7.4.9.2. Taiwan Pipeline and Process Services Market Size and Forecast, By Operation (2023-2030)
7.4.9.3. Taiwan Pipeline and Process Services Market Size and Forecast, By End-User (2023-2030)
7.4.10. Rest of Asia Pacific
7.4.10.1. Rest of Asia Pacific Pipeline and Process Services Market Size and Forecast, By Asset Type (2023-2030)
7.4.10.2. Rest of Asia Pacific Pipeline and Process Services Market Size and Forecast, By Operation (2023-2030)
7.4.10.3. Rest of Asia Pacific Pipeline and Process Services Market Size and Forecast, By End-User (2023-2030)

8. Middle East and Africa Pipeline and Process Services Market Size and Forecast (by Value in USD Billion) (2023-2030
8.1. Middle East and Africa Pipeline and Process Services Market Size and Forecast, By Asset Type (2023-2030)
8.2. Middle East and Africa Pipeline and Process Services Market Size and Forecast, By Operation (2023-2030)
8.3. Middle East and Africa Pipeline and Process Services Market Size and Forecast, By End-User (2023-2030)
8.4. Middle East and Africa Pipeline and Process Services Market Size and Forecast, by Country (2023-2030)
8.4.1. South Africa
8.4.1.1. South Africa Pipeline and Process Services Market Size and Forecast, By Asset Type (2023-2030)
8.4.1.2. South Africa Pipeline and Process Services Market Size and Forecast, By Operation (2023-2030)
8.4.1.3. South Africa Pipeline and Process Services Market Size and Forecast, By End-User (2023-2030)
8.4.2. GCC
8.4.2.1. GCC Pipeline and Process Services Market Size and Forecast, By Asset Type (2023-2030)
8.4.2.2. GCC Pipeline and Process Services Market Size and Forecast, By Operation (2023-2030)
8.4.2.3. GCC Pipeline and Process Services Market Size and Forecast, By End-User (2023-2030)
8.4.3. Nigeria
8.4.3.1. Nigeria Pipeline and Process Services Market Size and Forecast, By Asset Type (2023-2030)
8.4.3.2. Nigeria Pipeline and Process Services Market Size and Forecast, By Operation (2023-2030)
8.4.3.3. Nigeria Pipeline and Process Services Market Size and Forecast, By End-User (2023-2030)
8.4.4. Rest of ME&A
8.4.4.1. Rest of ME&A Pipeline and Process Services Market Size and Forecast, By Asset Type (2023-2030)
8.4.4.2. Rest of ME&A Pipeline and Process Services Market Size and Forecast, By Operation (2023-2030)
8.4.4.3. Rest of ME&A Pipeline and Process Services Market Size and Forecast, By End-User (2023-2030)

9. South America Pipeline and Process Services Market Size and Forecast by Segmentation (by Value in USD Billion) (2023-2030
9.1. South America Pipeline and Process Services Market Size and Forecast, By Asset Type (2023-2030)
9.2. South America Pipeline and Process Services Market Size and Forecast, By Operation (2023-2030)
9.3. South America Pipeline and Process Services Market Size and Forecast, By End-User (2023-2030)
9.4. South America Pipeline and Process Services Market Size and Forecast, by Country (2023-2030)
9.4.1. Brazil
9.4.1.1. Brazil Pipeline and Process Services Market Size and Forecast, By Asset Type (2023-2030)
9.4.1.2. Brazil Pipeline and Process Services Market Size and Forecast, By Operation (2023-2030)
9.4.1.3. Brazil Pipeline and Process Services Market Size and Forecast, By End-User (2023-2030)
9.4.2. Argentina
9.4.2.1. Argentina Pipeline and Process Services Market Size and Forecast, By Asset Type (2023-2030)
9.4.2.2. Argentina Pipeline and Process Services Market Size and Forecast, By Operation (2023-2030)
9.4.2.3. Argentina Pipeline and Process Services Market Size and Forecast, By End-User (2023-2030)
9.4.3. Rest Of South America
9.4.3.1. Rest Of South America Pipeline and Process Services Market Size and Forecast, By Asset Type (2023-2030)
9.4.3.2. Rest Of South America Pipeline and Process Services Market Size and Forecast, By Operation (2023-2030)
9.4.3.3. Rest Of South America Pipeline and Process Services Market Size and Forecast, By End-User (2023-2030)

10. Company Profile: Key Players
10.1. Halliburton (US)
10.1.1. Company Overview
10.1.2. Business Portfolio
10.1.3. Financial Overview
10.1.4. SWOT Analysis
10.1.5. Strategic Analysis
10.1.6. Recent Developments
10.2. Baker Hughes Company (US)
10.3. EnerMech (UK)
10.4. IKM Gruppen (Norway)
10.5. Enerpac Tool Group (UK)
10.6. Altus Intervention (Norway)
10.7. BlueFin (US)
10.8. STEP Energy Services (US)
10.9. IPEC (Iran)
10.10. Trans Asia Pipelines (UAE)
10.11. Chenergy (Nigeria)
10.12. Techfem (Italy)
10.13. CR Asia Group (Thailand)
10.14. BGS Energy Services (USA)
10.15. Hydratight (UK)