Global Pipeline and Process Services Market is valued at approximately USD 3.49 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 6.21% during the forecast period 2023-2030. Pipeline and Process Services is a specialized category of services within the oil and gas industry that focuses on the efficient and safe transportation of hydrocarbons through pipelines, as well as the various processes involved in the exploration, production, and refining of oil and natural gas. These services encompass a wide range of activities, including pipeline construction, maintenance, and integrity management, as well as the provision of technical expertise for optimizing the overall process of oil and gas production. The Pipeline and Process Services Market is expanding because of factors such as exceptional growth of the renewable energy sector, increasing worldwide demand for oil and natural gas and expansion of pipeline networks.
The escalating global demand for oil is a key catalyst propelling the growth of the Pipeline and Process Services Market. As economies continue to expand and industrialization gains momentum, there is a corresponding surge in the need for efficient and reliable transportation of oil and gas. Pipelines serve as a vital component in this energy infrastructure, facilitating the seamless movement of crude oil from extraction points to refineries and ultimately to end-users. The increasing oil demand has led to a higher volume of transportation, necessitating the maintenance, inspection, and optimization of existing pipelines. This surge in activity has, in turn, fueled the demand for Pipeline and Process Services. According to the International Energy Agency, total oil demand across the globe was 91 million barrels per day in 2020, climbed to 99.4 million barrels per day in 2022, and is expected to reach 104.1 million barrels per day by 2026. In addition, rising investment in the development of oil and gas infrastructure development and advancements in pipeline and process technologies are creating new opportunities for market growth. However, stringent regulations and compliance requirements and volatility in energy prices stifle market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Pipeline and Process Services Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022. The market in the region is being driven by factors such as rising oil transportation, rising energy demand, and rising oil and gas extraction activities in the region. Asia Pacific is expected to grow at the fastest rate over the forecast period, owing to factors such as rising renewable energy, and rising investment in the oil and gas industry.
Major market player included in this report are:
- Halliburton Company
- Schlumberger Limited
- Baker Hughes
- Weatherford International
- Aker Solutions
- Transocean Ltd
- Chenergy Services Limited
- Alphaden Energy & Oilfield Limited
- Oceaneering International, Inc
- Dexon Technology PLC
Recent Developments in the Market:
- In November 2022, Halliburton introduced the BrightStar resistivity service, a cutting-edge solution that reveals the path ahead of the drill bit, empowering informed drilling decisions. This service incorporates visualization technology, data, and calculations to reduce operational risks in unfamiliar environments, providing increased confidence in avoiding undesired formation exits.
- In November 2022, Techfem disclosed its involvement in the development of hydrogen pipelines spanning across borders. The company has provided various design packages and pre-project consultancy services about high-pressure, long-distance transmission systems for pure hydrogen.
Global Pipeline and Process Services Market Report Scope:
- Historical Data - 2020 - 2021
- Base Year for Estimation - 2022
- Forecast period - 2023-2030
- Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered - Asset Type, Operation, Region
- Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Asset Type:
By Operations:
- Pre-Commissioning
- Maintenance
- Decommissioning
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Pipeline and Process Services Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Pipeline and Process Services Market, by Asset Type, 2020-2030 (USD Billion)
- 1.2.3. Pipeline and Process Services Market, by Operation, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Pipeline and Process Services Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Pipeline and Process Services Market Dynamics
- 3.1. Pipeline and Process Services Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Exceptional growth of the renewable energy sector
- 3.1.1.2. Increasing worldwide demand for oil and natural gas
- 3.1.1.3. Expansion of pipeline networks
- 3.1.2. Market Challenges
- 3.1.2.1. Stringent regulations and compliance requirements
- 3.1.2.2. Volatility in energy prices
- 3.1.3. Market Opportunities
- 3.1.3.1. Investment in development of oil and gas infrastructure development
- 3.1.3.2. Advancements in pipeline and process technologies
Chapter 4. Global Pipeline and Process Services Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Pipeline and Process Services Market, by Asset Type
- 5.1. Market Snapshot
- 5.2. Global Pipeline and Process Services Market by Asset Type, Performance - Potential Analysis
- 5.3. Global Pipeline and Process Services Market Estimates & Forecasts by Asset Type 2020-2030 (USD Billion)
- 5.4. Pipeline and Process Services Market, Sub Segment Analysis
- 5.4.1. Pipeline
- 5.4.2. Process
Chapter 6. Global Pipeline and Process Services Market, by Operation
- 6.1. Market Snapshot
- 6.2. Global Pipeline and Process Services Market by Operation, Performance - Potential Analysis
- 6.3. Global Pipeline and Process Services Market Estimates & Forecasts by Operation 2020-2030 (USD Billion)
- 6.4. Pipeline and Process Services Market, Sub Segment Analysis
- 6.4.1. Pre-Commissioning
- 6.4.2. Maintenance
- 6.4.3. Decommissioning
Chapter 7. Global Pipeline and Process Services Market, Regional Analysis
- 7.1. Top Leading Countries
- 7.2. Top Emerging Countries
- 7.3. Pipeline and Process Services Market, Regional Market Snapshot
- 7.4. North America Pipeline and Process Services Market
- 7.4.1. U.S. Pipeline and Process Services Market
- 7.4.1.1. Asset Type breakdown estimates & forecasts, 2020-2030
- 7.4.1.2. Operation breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada Pipeline and Process Services Market
- 7.5. Europe Pipeline and Process Services Market Snapshot
- 7.5.1. U.K. Pipeline and Process Services Market
- 7.5.2. Germany Pipeline and Process Services Market
- 7.5.3. France Pipeline and Process Services Market
- 7.5.4. Spain Pipeline and Process Services Market
- 7.5.5. Italy Pipeline and Process Services Market
- 7.5.6. Rest of Europe Pipeline and Process Services Market
- 7.6. Asia-Pacific Pipeline and Process Services Market Snapshot
- 7.6.1. China Pipeline and Process Services Market
- 7.6.2. India Pipeline and Process Services Market
- 7.6.3. Japan Pipeline and Process Services Market
- 7.6.4. Australia Pipeline and Process Services Market
- 7.6.5. South Korea Pipeline and Process Services Market
- 7.6.6. Rest of Asia Pacific Pipeline and Process Services Market
- 7.7. Latin America Pipeline and Process Services Market Snapshot
- 7.7.1. Brazil Pipeline and Process Services Market
- 7.7.2. Mexico Pipeline and Process Services Market
- 7.8. Middle East & Africa Pipeline and Process Services Market
- 7.8.1. Saudi Arabia Pipeline and Process Services Market
- 7.8.2. South Africa Pipeline and Process Services Market
- 7.8.3. Rest of Middle East & Africa Pipeline and Process Services Market
Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. Halliburton Company
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Recent Developments
- 8.3.2. Schlumberger Limited
- 8.3.3. Baker Hughes
- 8.3.4. Weatherford International
- 8.3.5. Aker Solutions
- 8.3.6. Transocean Ltd
- 8.3.7. Chenergy Services Limited
- 8.3.8. Alphaden Energy & Oilfield Limited
- 8.3.9. Oceaneering International, Inc
- 8.3.10. Dexon Technology PLC
Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
- 9.3. Research Assumption