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Global Pipeline & Process Services Market By Asset Type (Pipeline and Process), By Operation (Maintenance, Decommissioning, Others), By End-User (Oil & Gas, Power Generation, Others), By Region, Forecast & Opportunities to 2026

The global pipeline & process services market accounted for a value of USD 3.0 billion in 2019 and is projected to register growth at a CAGR of 3.9% during forecast period.

COVID-19 has impacted the pipeline & process services. It has significantly impacted the oil & gas industry. Many companies have to shut their units due to lockdown. Many projects have been suspended or postponed due to pandemic. The supply chain of oil & gas is also disrupted due to travel restrictions. The market will foresee decline during forecast period due to COVID-19.

Definition:

The pipeline services consist of distribution activities of pipeline network such as gauging & cleaning, offshore pipeline, pipeline flooding and others. It can be defined as physical facilities through which oil or gas moves. Processes services consists of activities which are required to maintain installed pipeline network such as accelerated cooling, nitrogen purging, and hydrocarbon decontamination.

Market Dynamics (Drivers/Opportunities):

The consumption of natural gas is increasing around the world. The demand for energy is increasing along with discovery of new gas and oil reserves in various regions of the world. The companies are focused on installing pipelines are introducing different projects related to this. Thus, drives growth in pipeline & process services market during forecast period.

The investments and spending are increasing in pipelines services. The addition of refined product pipeline is increasing as the petroleum products demand is increasing around the world. The transportation of natural gas and petroleum products using pipelines is increasing and this drives growth in pipeline & process services market during forecast period.

Market Insights, by Asset Type

On the basis of asset type, the pipeline & process services market is segmented into pipeline and process. The pipeline segment is estimated to hold largest market share during forecast period. The delayed projects are likely to commission during forecast period. New pipelines are likely to be added in various countries. This drives growth in pipeline segment during forecast period.

Market Insights, by Operation

On the basis of operation, the pipeline & process services market is segmented into pre-commissioning & commissioning, maintenance and decommissioning. The pre-commissioning & commissioning segment is estimated to be the largest market during forecast period. Pipeline pre-commissioning & commissioning activities accounted for XX% of total market share. New projects are initiated by various companies around the globe. The pipeline projects which are halted previously are likely to start post COVID-19 and this increase demand for pre-commissioning & commissioning services and this drives growth in pre-commissioning & commissioning segment during forecast period.

Regional Insights

North America region is estimated to be the largest market during forecast period. In US and Canada major amount of natural gas, petroleum products and crude oil are shipped using pipelines. The demand for energy is increasing largely in this region. The exploration activities are increasing in North America region and there are many discoveries of new extraction techniques took place in this region.  The transportation of crude oil, natural gas and petroleum products from pipelines is likely to increase the market for pipeline and process services. This drives growth in North America region during forecast period.

Key Companies & Market Share Insights

The key market players in pipeline and process services market are Halliburton, BHGE, Enermech, IKM, Hydratight, Techfem Spa, Altus Intervention, Bluefin Group, Chenergy Services, Tucker Energy Services, IPEC, Trans Asia Pipelines, Future Pipe Industries, Saudi Aramco and Schlumberger.

Segments Covered in the Report

This report forecasts The Global Pipeline and Process Services Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global pipeline and process services market report on the basis of asset type, operation and end-user.

Pipeline and Process Services Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Pipeline and Process Services Market, By Asset Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Pipeline
  • Process
  1. Pipeline and Process Services Market, By Operation, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Pre-Commissioning & Commissioning
  • Maintenance
  • Decommissioning
  1. Pipeline and Process Services Market, By End-Users, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Power Generation
  • Oil & Gas
  • Chemicals & Refined Products
  • Water & Wastewater
  • Others
  1. Pipeline and Process Services Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Asset Type
    • By Operation
    • By End-Users
    • By Country
      • USA
        • By End-Users
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Asset Type
      • By Operation
      • By End-Users
      • By Country
        • Brazil
          • By End-Users
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Asset Type
        • By Operation
        • By End-Users
        • By Country
          • UK
            • By End-Users
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Asset Type
          • By Operation
          • By End-Users
          • By Country
            • China
              • By End-Users
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Asset Type
            • By Operation
            • By End-Users
            • By Country
              • Saudi Arabia
                • By End-Users
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Schlumberger
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Halliburton
    • BHGE
    • Enermech
    • IKM
    • Hydratight
    • Techfem Spa
    • Altus Intervention
    • Bluefin Group
    • Chenergy Services
    • Tucker Energy Services
    • IPEC
    • Trans Asia Pipelines
    • Future Pipe Industries
    • Saudi Aramco
  2. Appendix
    • Interrelated Market

 

 

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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