Energy & Power

Pipeline And Process Services Market Segmentation By Asset Type (Pipeline and Process); By Product Type Transferred (Water, Chemicals, Liquid Petroleum Gas, Natural Gas, Refined Petroleum Products, Petroleum Products and Crude Oil); By End-User Location of Deployment (On-shore and Off-shore) and By Services (Precommissioning, Commissioning, Troubleshooting Activities and Maintenance Activities) – Global Demand Analysis & Opportunity Outlook 2027

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Inflation and Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022. Purchasing power in the country is expected to fell nearly by 2.5%.
On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.

In The News

  • As per the statistics provided by Transportation Safety Board of Canada, the federally-regulated pipeline system in the year 2018, registered that 40 companies transported 220 million cubic metres of oil through approximately 17,500 km of oil pipelines.
  • About 83 companies transported over 185 billion cubic metres of gas through 51900 km of gas pipelines in the year 2018. Further 1110 km of pipelines have been used to carry other commodities and substances.

Introduction To Pipeline And Process Services

Fossil fuel usage by mankind in today’s generation have grown multifold. Oil drilling enterprises are on a regular search for high productive wells to mitigate demand supply gap. Presence of drilling sites in remote areas makes transportation of oil and gas difficult. Enterprises providing pipeline and process services, therefore, creates a roadmap to bridge the connectivity gap between drilling sites and storage terminals. Pipeline and process services also includes deployment of waterlines.

The pipeline and process services market comprises of pipeline and process. It includes activities such as pipeline flooding, gauging and cleaning, hydrostatic testing, umbilical flushing and testing, fiber optic testing and others.

The interconnecting pipeline network usually have the tendency to buildup wax, generate cracks, dents, abrasion or even corrosion and hence requires maintenance. Process services efficiently help to mitigate such problem areas. It includes activities such as nitrogen purging, hydrocarbon decontamination, chemical cleaning, accelerated cooling, flange integrity management and others.

Market Size And Forecast

The market of pipeline and process services is observing vibrant growth on account of rising demand for safe and reliable transportation of petroleum products from drilling sites to end-use locations. Furthermore, opportunities observed in the deployment of new drilling sites and its associated pipeline connectivity network are some of the significant factors that are expected to boost the growth of the pipeline and process services market.

The market is anticipated to record robust CAGR throughout the forecast period, i.e. 2019-2027. The market is segmented by asset type into pipeline and process, out of which, the pipeline model is further segmented into transmission and distribution. The distribution segment is anticipated to have largest market share, on account of growing demand for deployment of new pipeline networks and rise in the number of new oil drill sites. 

Pipeline & Process Services Market

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Growth Drivers

Need For Safe, Economical And Reliable Connectivity Of Pipeline Network

According to the Transportation Board of Canada, four pipeline transportation occurrences in the month of July, 2019. Out of the four incidents that happened, first occurred due to the release of low vapor pressure hydrocarbons, second due to fire, third due to pipeline contacted by object and the fourth due to environmental activity.

Riding on the back of these statistical data, rising oil spills arising from transportation occurrences is a major environmental concern. Driven by such incidences, there is a growing need amongst enterprises for safe and reliable pipeline connectivity network. Regular troubleshooting and maintenance activities are some of the steps taken by enterprises, in order to curb these growing incidences.

Rising Demand For Further Investments

According to a statistical data cited by Baker Hughes, rotary rigs in Saudi Arabia grew from 84 numbers in June, 2012 up to 125 numbers in July, 2019.

Enterprises are on a regular search for new oil drilling sites so as to mitigate demand supply gap. Increasing competition for exports of oil, and self-sufficiency amongst nations have led to growing investments for development of new oil rigs. The increase in demand for investments, combined with growing count of oil rigs are some of the factors anticipated to support the growth of the pipeline and process services market throughout the forecast period.

Pipeline & Process Services Market
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Issues In Inter-Continental Laws And Regulations

Oil and oil products are transported by rail, water or pipeline networks. When the transportation medium is a pipeline network, the pipelines are laid and bridged amongst various in-between nations to reach the end-user from the point of supply. The process results in deployment of various law and regulatory processes on account of these inter-continental laid pipeline connections. Changes in regulatory norms for deployment of pipe networks in such nations are a threat to the pipeline and process services market.

Market Segmentation

Our in-depth analysis of the pipeline and process services market includes the following segments:

By Asset Type

  • Pipeline
    • Transmission
    • Distribution
  • Process
    • Forties Pipeline System (FPS)
    • Refinery & Petrochemical
    • Gas Storage & Processing

By Product Type Transferred

  • Water
  • Chemicals
  • Liquid Petroleum Gas (LPG)
  • Natural Gas
  • Refined Petroleum Products
  • Petroleum Products
  • Crude Oil

By End User Location Of Deployment

  • On-shore
  • Off-shore

By Services

  • Precommissioning
  • Commissioning
  • Troubleshooting Activities
  • Maintenance Activities

By Region

On the basis of regional analysis, the pipeline and process services market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

Middle East is expected to have largest market share on the back of growing oil exports. In a statistical data provided by BP, oil export in Middle East grew from 8154.69 (thousand barrels daily) in the year 1980 to 15680.04 (thousand barrels daily) in the year 2017.

Further, Asia-Pacific is expected to gain significant market share on account of growing consumption of crude oil and natural gas. Developing nations, such as India and China are estimated augmented to lead the market in the region, owing to expansion of their existing pipeline network.

The pipeline and process services market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC,  Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis.

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Top Featured Companies Dominating the Market

    • Halliburton
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Baker Hughes, a GE company LLC
    • EnerMech
    • IKM Ocean Design AS
    • Hydratight Limited
    • Altus Intervention
    • BlueFin Group
    • Tucker Energy Services
    • Ideh Pouyan Energy
    • Trans Asia Pipeline & Specialty Services

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