Pipeline & Process Services Market Report

Market Insights

Pipeline & Process Services Market is likely to witness an impressive CAGR of 4.3% during the forecast period.  The Asia-Pacific region is likely to portray an increase in its refining capacities and higher refined product pipeline km additions owing to the increasing demand for petroleum products in the region. This factor is estimated to drive the pipeline & process services market during the forecast period.

Segments' Analysis

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Pipeline & Process Services Market Share: By Asset Type

Based on the asset type, the market is segmented as pipeline and process. The pipeline segment is projected to account for the larger market share during the forecast period. Owing to the oil price decline, there were many pipeline projects which were delayed during the recent past. However, on account of the price rise since early 2018, the delayed projects are now getting commissioned in the coming years. Around 250,000 kms of pipelines are estimated to be added globally during the forecast period and the Asia-Pacific region is likely to depict the highest pipeline km additions in the coming five years.

Pipeline & Process Services Market Share: By Operation Type

Based on the operation type, the market is segmented as pre-commissioning & commissioning, maintenance, and decommissioning. The pre-commissioning & commissioning segment held the largest share of the pipeline & process services market in 2019. Increasing volume of gas processing & gas storage pre-commissioning activities in the Middle East & North Africa and refinery capacity pre-commissioning in the Asia Pacific regions are expected to boost the global pre-commissioning & commissioning segment during the forecast period. Pipeline pre-commissioning & commissioning is estimated to be around 65-70% of the overall pre-commissioning & commissioning pipeline and process service market, owing to the high volume of pipeline pre-commissioning in the North America region.

Pipeline & Process Services Market Share: By Region

In terms of regions, North America is estimated to lead the pipeline & process services market during the forecast period. In the regions like the USA, 70% of the crude oils are shipped through pipelines. The growing demand for energy in North America shows the oil exploration activities, which are strengthening the market. In the current study, extraction techniques have opened ample oil & gas shale regions in extremely remote areas. The transportation of the manufactured crude & natural gas from these remote locations is expected to drive the overall pipeline market in the region.

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Market Scope & Segmentation

Pipeline & Process Services provide a wide range of pre-commissioning & commissioning, maintenance and decommissioning services to the pipeline and process plants construction, commissioning and maintenance industries, both offshore and onshore.

Pipeline & Process Services provide operators the capability to initiate, sustain and increase production by increasing the production and transportation capacity of infield hydrocarbon flowlines, process plant and export pipelines.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The pipeline & process services market is segmented into the following categories. 

Pipeline & Process Services Market Size, Share, & Forecast, by Asset Type:

• Pipeline
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (By Asset Type: Transmission Pipeline and Distribution Pipeline)
• Process
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (By Asset Type: Refinery & Petrochemical Facilities, FPS, Gas Processing, and Gas Storage)

Pipeline & Process Services Market Size, Share, & Forecast, by Operation Type:

• Pre-Commissioning & Commissioning
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (By Operation Type: Filling, Cleaning and Gauging, Dewatering & Leak Testing, Nitrogen Services, Pressure Testing, Chemical Cleaning, Hydrostatic Testing, and Others)             
• Maintenance
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (By Operation Type: Flow Remediation, Nitrogen Services, Pipe Freezing, Bolting & Tensioning, & Flange Management, Chemical Cleaning, and Others)      
• Decommissioning
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (By Operation Type: Nitrogen Service, Chemical Cleaning, Bolting & Tensioning, Flushing, Pipe Freezing, and Others)

Pipeline & Process Services Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Key Players

Some of the major players in the pipeline & process services market are-

• Altus Intervention
• BHGE
• Bluefin Group
• Chenergy Services
• Enermech
• Halliburton
• Hydratight
• IKM
• IPEC
• Techfem Spa
• Trans Asia Pipelines
• Tucker Energy Services.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the operation types by asset type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com