The Pipeline & Process Services Market size was valued at USD 3.4 billion in 2022 and is expected to grow to USD 5.25 billion by 2030 and grow at a CAGR of 5.6 % over the forecast period of 2023-2030.
Pipelines are used to transfer a variety of goods from production locations to end customers, including oil, chemicals, water, natural gas, gas, petroleum products, and crude oil. Pipelines are typically installed between 1 and 2 metres underground. The primary component provided by the pipeline and process market is pipeline operations and process management. Steel, carbon steel, and plastic are the primary raw materials used to make pipelines.
An energy sector operator in maximising safety, lifespan, productivity, profitability, and value of almost all downstream and industrial assets through a wide range of services offered under the Pipeline and Process segment. Our dependable solutions and tested technology, implemented by the top project managers, engineers, and field technicians in the business, ensure the successful completion of difficult and complicated projects while lowering risks, boosting safety, and a" right first time" work ethic throughout all project and asset lifetime phases.
KEY DRIVERS:
Growing LNG Adoption to Drive Up Growth in Pipeline Infrastructure
Increasing Energy Demand in a Range of Application Sectors
By 2050, 68% of people worldwide are expected to live in urban areas, which would cause an extremely significant increase in energy consumption. As more people move from rural to urban regions, there is a greater need for energy in all application sectors, including transportation and power generation. Since renewable energy sources are still in the early stages of development, fossil fuels are now providing the majority of the world's energy needs. Due to the increased production rates, the building of supply and transportation links, and the fueling of the pipeline
RESTRAIN:
Growing Use of Renewable Energy in the Energy Mix Overall Is Dangerous for Market Growth
The growing adoption of renewable energy sources for electricity generation in every country on earth is one of the biggest challenges to the industry. The biggest risks come from wind and solar electricity, whose use has risen exponentially over the past ten years. This growing use of renewable energy to reduce carbon emissions immediately eliminates the necessity for oil and gas exploration, which will hinder the global pipeline and process services business.
OPPORTUNITY:
Stunning oil and gas reservoir finds in deep and ultra-deep waters
CHALLENGES:
Extreme weather conditions
High construction costs for offshore pipe obstacle.
IMPACT OF RUSSIAN UKRAINE WAR
Russian supplies might be restricted as a result of Russia's invasion of Ukraine. Concern is increased by the recent unanticipated supply interruption in Libya, which removed about 550,000 barrels of oil equivalent (BOE) per day from the supply mix. The same is true for the ongoing depletion of stock). Together, these forces will maintain tight markets and high oil prices notwithstanding the recent 260,000day decline in anticipated 2022 oil consumption, driven primarily by China. Liquid fossil fuels are particularly important to the transportation industry. 94% of the energy needed by the industry is supplied by these sources. Another group of end users with a sizable need for liquid fuels is heavy industries. They also include residential and commercial construction, as well as electric power producers.
By Asset Type
Pipeline
Transmission Pipelines
Distribution Pipelines
Process
Refinery & Petrochemical facility management
FPS management
Gas Processing
Gas Storage
By Operation
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The pipelines and process services industry are dominated by North America. The United States has 20 million km of used pipes. For the movement of a variety of goods.
Asia Pacific is expected to see the most pipeline building, which will create profitable possibilities and stimulate the local economy. 2020 saw a 194 million tonne increase in China's crude oil output, according to the National Energy Administration (NEA). The country's market is expected to benefit from this growth in output as well as an increase in transportation and refining operations. It is anticipated that India and other southeast Asian nations would contribute to the same.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
EnerMech was awarded a 12-month contract in the Southern North Sea in September 2020. The business will provide a variety of specialised services, including piping removal, nitrogen, bolting, and flange management, as well as purging of all project-related assets. Additionally, it will help with leak testing, controlled bolting, and the installation of additional pipes.
EnerMech established a new company, EnerMech (BN) Bhd Shd, in September 2020 to support the expanding operations of the business in Brunei. The business made this move to strengthen its footprint and provide comprehensive, integrated services in Brunei.
Johan Castberg gave IKM Group a contract in July 2020 for N2/He leakage testing, PSV calibration, and further work for bolt work, chemical cleaning, hot oil flushing, drying, and machining.
Halliburton (US), Baker Hughes Company (US), EnerMech (UK), IKM Gruppen (Norway), Enerpac Tool Group (UK), Altus Intervention (Norway), STEP Energy, Services (US), IPEC (Iran), Trans Asia Pipelines (UAE), Chenergy (Nigeria), Techfem (Italy), and other players are listed in a final report.
| Report Attributes | Details |
| Market Size in 2022 | US$ 3.4 Bn |
| Market Size by 2030 | US$ 5.25 Bn |
| CAGR | CAGR of 5.6 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Asset Type (Pipeline, Process) • By Operation (Pre-commissioning & Commissioning, Maintenance, Decommissioning) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Halliburton (US), Baker Hughes Company (US), EnerMech (UK), IKM Gruppen (Norway), Enerpac Tool Group (UK), Altus Intervention (Norway), STEP Energy, Services (US), IPEC (Iran), Trans Asia Pipelines (UAE), Chenergy (Nigeria), Techfem (Italy) |
| Key Drivers | • Growing LNG Adoption to Drive Up Growth in Pipeline Infrastructure • Increasing Energy Demand in a Range of Application Sectors |
| Market Restraints | • Growing Use of Renewable Energy in the Energy Mix Overall Is Dangerous for Market Growth |
Ans: Pipeline & Process Services Market is anticipated to expand by 5.6 % from 2023 to 2030.
Ans: USD 5.25 billion is expected to grow by 2030.
Ans: Pipeline & Process Services Market size was valued at USD 3.4 billion in 2022
Ans: North America is dominating the market.
Ans: Extreme weather conditions
High construction costs for offshore pipe obstacle.
TABLE OF CONTENT
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Pipeline & Process Services Market Segmentation, Asset Type
8.1 Pipeline
8.1.1 Transmission Pipelines
8.1.2 Distribution Pipelines
8.2 Process
8.2.1 Refinery & Petrochemical facility management
8.2.2 FPS management
8.2.3 Gas Processing
8.2.4 Gas Storage
9. Pipeline & Process Services Market Segmentation, By Operation
9.1 Pre-commissioning & Commissioning
9.1.1 Filling, cleaning and gauging
9.1.2 Dewatering & Leak testing
9.1.3 Nitrogen Services
9.1.4 Pressure testing
9.1.5 Chemical cleaning
9.1.6 Hydrostatic testing
9.1.7 Others
9.2 Maintenance
9.2.1 Flow remediation
9.2.2 Nitrogen services
9.2.3 Pipe freezing
9.2.4 Bolting & tensioning and Flange management
9.2.5 Chemical cleaning
9.2.6 Others
9.3 Decommissioning
9.3.1 Nitrogen service
9.3.2 Chemical cleaning
9.3.3 Bolting & tensioning
9.3.4 Flushing
9.3.5 Pipe Freezing
9.3.6 Others
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 North America Pipeline & Process Services Market by Country
10.2.2North America Pipeline & Process Services Market by Asset Type
10.2.3 North America Pipeline & Process Services Market by Operation
10.2.4 USA
10.2.4.1 USA Pipeline & Process Services Market by Asset Type
10.2.4.2 USA Pipeline & Process Services Market by Operation
10.2.5 Canada
10.2.5.1 Canada Pipeline & Process Services Market by Asset Type
10.2.5.2 Canada Pipeline & Process Services Market by Operation
10.2.6 Mexico
10.2.6.1 Mexico Pipeline & Process Services Market by Asset Type
10.2.6.2 Mexico Pipeline & Process Services Market by Operation
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Eastern Europe Pipeline & Process Services Market by Country
10.3.1.2 Eastern Europe Pipeline & Process Services Market by Asset Type
10.3.1.3 Eastern Europe Pipeline & Process Services Market by Operation
10.3.1.4 Poland
10.3.1.4.1 Poland Pipeline & Process Services Market by Asset Type
10.3.1.4.2 Poland Pipeline & Process Services Market by Operation
10.3.1.5 Romania
10.3.1.5.1 Romania Pipeline & Process Services Market by Asset Type
10.3.1.5.2 Romania Pipeline & Process Services Market by Operation
10.3.1.6 Hungary
10.3.1.6.1 Hungary Pipeline & Process Services Market by Asset Type
10.3.1.6.2 Hungary Pipeline & Process Services Market by Operation
10.3.1.7 Turkey
10.3.1.7.1 Turkey Pipeline & Process Services Market by Asset Type
10.3.1.7.2 Turkey Pipeline & Process Services Market by Operation
10.3.1.8 Rest of Eastern Europe
10.3.1.8.1 Rest of Eastern Europe Pipeline & Process Services Market by Asset Type
10.3.1.8.2 Rest of Eastern Europe Pipeline & Process Services Market by Operation
10.3.2 Western Europe
10.3.2.1 Western Europe Pipeline & Process Services Market by Country
10.3.2.2 Western Europe Pipeline & Process Services Market by Asset Type
10.3.2.3 Western Europe Pipeline & Process Services Market by Operation
10.3.2.4 Germany
10.3.2.4.1 Germany Pipeline & Process Services Market by Asset Type
10.3.2.4.2 Germany Pipeline & Process Services Market by Operation
10.3.2.5 France
10.3.2.5.1 France Pipeline & Process Services Market by Asset Type
10.3.2.5.2 France Pipeline & Process Services Market by Operation
10.3.2.6 UK
10.3.2.6.1 UK Pipeline & Process Services Market by Asset Type
10.3.2.6.2 UK Pipeline & Process Services Market by Operation
10.3.2.7 Italy
10.3.2.7.1 Italy Pipeline & Process Services Market by Asset Type
10.3.2.7.2 Italy Pipeline & Process Services Market by Operation
10.3.2.8 Spain
10.3.2.8.1 Spain Pipeline & Process Services Market by Asset Type
10.3.2.8.2 Spain Pipeline & Process Services Market by Operation
10.3.2.9 Netherlands
10.3.2.9.1 Netherlands Pipeline & Process Services Market by Asset Type
10.3.2.9.2 Netherlands Pipeline & Process Services Market by Operation
10.3.2.10 Switzerland
10.3.2.10.1 Switzerland Pipeline & Process Services Market by Asset Type
10.3.2.10.2 Switzerland Pipeline & Process Services Market by Operation
10.3.2.11 Austria
10.3.2.11.1 Austria Pipeline & Process Services Market by Asset Type
10.3.2.11.2 Austria Pipeline & Process Services Market by Operation
10.3.2.12 Rest of Western Europe
10.3.2.12.1 Rest of Western Europe Pipeline & Process Services Market by Asset Type
10.3.2.12.2 Rest of Western Europe Pipeline & Process Services Market by Operation
10.4 Asia-Pacific
10.4.1 Asia Pacific Pipeline & Process Services Market by Country
10.4.2 Asia Pacific Pipeline & Process Services Market by Asset Type
10.4.3 Asia Pacific Pipeline & Process Services Market by Operation
10.4.4 China
10.4.4.1 China Pipeline & Process Services Market by Asset Type
10.4.4.2 China Pipeline & Process Services Market by Operation
10.4.5 India
10.4.5.1 India Pipeline & Process Services Market by Asset Type
10.4.5.2 India Pipeline & Process Services Market by Operation
10.4.6 Japan
10.4.6.1 Japan Pipeline & Process Services Market by Asset Type
10.4.6.2 Japan Pipeline & Process Services Market by Operation
10.4.7 South Korea
10.4.7.1 South Korea Pipeline & Process Services Market by Asset Type
10.4.7.2 South Korea Pipeline & Process Services Market by Operation
10.4.8 Vietnam
10.4.8.1 Vietnam Pipeline & Process Services Market by Asset Type
10.4.8.2 Vietnam Pipeline & Process Services Market by Operation
10.4.9 Singapore
10.4.9.1 Singapore Pipeline & Process Services Market by Asset Type
10.4.9.2 Singapore Pipeline & Process Services Market by Operation
10.4.10 Australia
10.4.10.1 Australia Pipeline & Process Services Market by Asset Type
10.4.10.2 Australia Pipeline & Process Services Market by Operation
10.4.11 Rest of Asia-Pacific
10.4.11.1 Rest of Asia-Pacific Pipeline & Process Services Market by Asset Type
10.4.11.2 Rest of Asia-Pacific APAC Pipeline & Process Services Market by Operation
10.5 Middle East & Africa
10.5.1 Middle East
10.5.1.1 Middle East Pipeline & Process Services Market by Country
10.5.1.2 Middle East Pipeline & Process Services Market by Asset Type
10.5.1.3 Middle East Pipeline & Process Services Market by Operation
10.5.1.4 UAE
10.5.1.4.1 UAE Pipeline & Process Services Market by Asset Type
10.5.1.4.2 UAE Pipeline & Process Services Market by Operation
10.5.1.5 Egypt
10.5.1.5.1 Egypt Pipeline & Process Services Market by Asset Type
10.5.1.5.2 Egypt Pipeline & Process Services Market by Operation
10.5.1.6 Saudi Arabia
10.5.1.6.1 Saudi Arabia Pipeline & Process Services Market by Asset Type
10.5.1.6.2 Saudi Arabia Pipeline & Process Services Market by Operation
10.5.1.7 Qatar
10.5.1.7.1 Qatar Pipeline & Process Services Market by Asset Type
10.5.1.7.2 Qatar Pipeline & Process Services Market by Operation
10.5.1.8 Rest of Middle East
10.5.1.8.1 Rest of Middle East Pipeline & Process Services Market by Asset Type
10.5.1.8.2 Rest of Middle East Pipeline & Process Services Market by Operation
10.5.2 Africa
10.5.2.1 Africa Pipeline & Process Services Market by Country
10.5.2.2 Africa Pipeline & Process Services Market by Asset Type
10.5.2.3 Africa Pipeline & Process Services Market by Operation
10.5.2.4 Nigeria
10.5.2.4.1 Nigeria Pipeline & Process Services Market by Asset Type
10.5.2.4.2 Nigeria Pipeline & Process Services Market by Operation
10.5.2.5 South Africa
10.5.2.5.1 South Africa Pipeline & Process Services Market by Asset Type
10.5.2.5.2 South Africa Pipeline & Process Services Market by Operation
10.5.2.6 Rest of Africa
10.5.2.6.1 Rest of Africa Pipeline & Process Services Market by Asset Type
10.5.2.6.2 Rest of Africa Pipeline & Process Services Market by Operation
10.6 Latin America
10.6.1 Latin America Pipeline & Process Services Market by Country
10.6.2 Latin America Pipeline & Process Services Market by Asset Type
10.6.3 Latin America Pipeline & Process Services Market by Operation
10.6.4 Brazil
10.6.4.1 Brazil Pipeline & Process Services Market by Asset Type
10.6.4.2 Brazil Africa Pipeline & Process Services Market by Operation
10.6.5 Argentina
10.6.5.1 Argentina Pipeline & Process Services Market by Asset Type
10.6.5.2 Argentina Pipeline & Process Services Market by Operation
10.6.6 Colombia
10.6.6.1 Colombia Pipeline & Process Services Market by Asset Type
10.6.6.2 Colombia Pipeline & Process Services Market by Operation
10.6.7 Rest of Latin America
10.6.7.1 Rest of Latin America Pipeline & Process Services Market by Asset Type
10.6.7.2 Rest of Latin America Pipeline & Process Services Market by Operation
11 Company Profile
11.1 Halliburton (US)
11.1.1 Company Overview
11.1.2 Financials
11.1.3 Product/Services Offered
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 Baker Hughes Company (US)
11.2.1 Company Overview
11.2.2 Financials
11.2.3 Product/Services Offered
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 EnerMech (UK)
11.3.1 Company Overview
11.3.2 Financials
11.3.3 Product/Services Offered
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 IKM Gruppen (Norway)
11.4 Company Overview
11.4.2 Financials
11.4.3 Product/Services Offered
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 Enerpac Tool Group (UK)
11.5.1 Company Overview
11.5.2 Financials
11.5.3 Product/Services Offered
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 Altus Intervention (Norway)
11.6.1 Company Overview
11.6.2 Financials
11.6.3 Product/Services Offered
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 STEP Energy, Services (US)
11.7.1 Company Overview
11.7.2 Financials
11.7.3 Product/Services Offered
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 IPEC (Iran)
11.8.1 Company Overview
11.8.2 Financials
11.8.3 Product/Services Offered
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 Trans Asia Pipelines (UAE)
11.9.1 Company Overview
11.9.2 Financials
11.9.3 Product/ Services Offered
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 Chenergy (Nigeria)
11.10.1 Company Overview
11.10.2 Financials
11.10.3 Product/Services Offered
11.10.4 SWOT Analysis
11.10.5 The SNS View
11.11 Techfem (Italy)
11.11.1 Company Overview
11.11.2 Financials
11.11.3 Product/Services Offered
11.11.4 SWOT Analysis
11.11.5 The SNS View
12. Competitive Landscape
12.1 Competitive Bench marking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions
13. USE Cases and Best Practices
14. Conclusion
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