Loading...

Continued scheduled maintenance services of the pipelines for secure operations and strict government regulations for pipeline maintenance are some of the few factors driving the Pipeline Service market growth.

North America has the highest oil and gas transportation pipeline length in the world of 8,34,152.5 km (with start years up to planned till 2023). An increase in the country's oil and gas production urged the need for new pipelines to connect the gulf coast for exporting oil and gas to the world, especially to Asian countries through ships. According to EIA, several crude oil/ natural gas pipeline projects have been announced or under construction with in-service dates between 2019 and 2023. The large presence of pipeline infrastructure in the US has a promising market for pipeline services.

The rapid adoption of natural gas by several countries for energy generations due to fewer carbon emissions is seen. For instance, India's government has set a target of raising the share of natural gas in the primary energy basket to 15% by 2030 from the current 6.2%. According to Gail Director, India is making investments worth billions of dollars to expand the pipeline network and build import capacities to meet growing gas demand in the country.

This market research report provides an overview of the competitive landscape for Pipeline Services. Also, the study comprehensively analyses the Pipeline Services market by segmenting it based on services (pre-commissioning and commissioning services, maintenance services, inspection services, and decommissioning services), Location of deployment (onshore and offshore), and geography (North America, Europe, Asia-Pacific, South America, and the Middle East & Africa).

The report also addresses present, and future market opportunities, market trends, developments, new product launches, region, and segments poised for the fastest growth, competitive landscape, and impact of geopolitics and oil & gas prices crash on the Pipeline Services market. Further, Pipeline Services market size, demand forecast, and growth rates will also be provided in the report.