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Pipeline Services Market - Growth, Trends, and Forecast (2020 - 2025)

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  • 120 Pages
  • February 2020
  • Region: Global
  • Mordor Intelligence
  • ID: 4515025
UP TO OFF until Sep 30th 2023
The market for pipeline services is expected to grow at a CAGR of more than 3.9% during the forecast period of 2020 – 2025. As of 2019, there were approximately 145,353 miles of pipelines planned and under-construction, of which 94,773 miles are in the engineering and design phase, while 50,580 are in various stages of construction. The natural gas pipeline network is expected to grow in parallel to the increase in natural gas demand, which in turn is expected to positively impact the global pipeline services market in the coming years. Therefore, increasing natural gas pipeline infrastructure is expected to drive the market over the forecast period. However, alternate modes of transport primarily via marine vessels is expected to hinder the market growth.
  • Intelligent Pigging dominates the market with the technological advancements, which are helping in improving capabilities and benefits of the intelligent pigging, in turn, is driving the demand for these operations.
  • The upcoming pipeline projects which are under construction and planning stage globally are expected to create tremendous market opportunities in years to come.
  • North America is expected to dominate the market with majority of the demand coming from the countries such as the United States and Mexico.

Key Market Trends

Intelligent Pigging to be a Significant Market
  • Intelligent pigging is used for inspecting the pipelines. It is widely used to gather important data, such as the presence and location of corrosion or other irregularities on the inner walls of the pipe.
  • Since 2014, the government regulations dictate the pipeline operators must carry intelligent pigging once in 2.5 years, in turn, almost doubling the frequency of intelligent pigging in India, per km of pipeline which helps in driving the market during the forecast period.
  • There are mainly two types of intelligent pigging operations, magnetic flux leakage (MFL) pigging and ultrasonic pigging. Magnetic flux leakage pigs can be used in both liquid and gas pipelines and does not require any liquid coolant as in ultrasonic pigging. Magnetic flux leakage pigs can detect and measure metal loss or corrosion and cracks and weld defects even in thin-walled pipelines, while ultrasonic pigs fail to identify and measure thin-walled pipelines accurately.
  • The intelligent pigging can carry out many measurements, including geometry measurement, metal-loss detection, leak detection, pipeline profiling and mapping, temperature and pressure recording, bend measurement and curvature monitoring, product sampling, photographic inspection, wax deposit measurement, and crack detection.
  • Therefore, due to technological advancements, the demand for intelligent pigging is expected to increase at a significant growth which, in turn, drives the demand for pipeline service market.

North America to Dominate the Market
  • As the demand for energy produced in North America continues to grow, the exploration and production would continue to move further towards harsh environments. In particular, the recent discovery of certain new extraction techniques has opened multiple oil & gas shale regions in extremely remote areas.
  • In the United States, approximately 70% of crude oil and petroleum products are shipped through pipelines. In 2018, the United States crude oil production was 10.9 mb/d, an increase by 1.6 mb/d from 2017. Furthermore, it is expected to reach 12.1 mb/d in 2019 and 12.9 mb/d in 2020. Most of the increased production is expected to be generated from Texas and New Mexico.
  • More than 60% of electric generating capacity installed in 2018 was fueled by natural gas. Almost 90% (19.3 GW) of the natural gas-fired capacity in the United States added in 2018 were combined-cycle generators, the most efficient natural gas-fired generating technology. Pennsylvania accounted for almost 25% (4.4 GW) of all 2018 domestic natural gas additions, and three other states namely Maryland, Virginia, and Florida accounted for about 30%.
  • Unlocking the hydrocarbon resources in low permeability shale formations, the United States becomes one of the leading producers of oil and gas across the world and is expected to remain the same during the forecast period.
  • In Canada, approximately 97% of natural gas and petroleum products are shipped through pipelines.
  • Therefore, transportation of the produced crude oil & natural gas from remote locations is expected to drive the overall pipeline market during the forecast period.

Competitive Landscape

The global pipeline services market is fragmented. Some of the key companies include Baker Hughes Co, Barnard Construction Company Inc., Sunland Construction Inc., Snelson Companies Inc., and EnerMech Ltd.

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Table of Contents

1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
1.4 Study Deliverables
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, until 2025
4.3 Installed Pipeline Historic Capacity and Forecast in Kilometer, until 2025
4.4 Inter-regional Pipeline Import Capacity in BSCM, until 2025
4.5 Inter-regional Pipeline Export Capacity in BSCM, until 2025
4.6 Historical Offshore Pipe Lay Demand, by Water Depth/Condition, 2003-2018
4.7 Investment in Pipelines, LNG Liquefaction, and LNG Receiving Terminals in USD billion, 2016-2027
4.8 Onshore and Offshore CAPEX Forecast in USD billion, until 2025
4.9 Offshore CAPEX Forecast in USD billion by Region, until 2025
4.10 Recent Trends and Developments
4.11 Government Policies and Regulations
4.12 Market Dynamics
4.12.1 Drivers
4.12.2 Restraints
4.13 Supply Chain Analysis
4.14 Porter's Five Forces Analysis
4.14.1 Bargaining Power of Suppliers
4.14.2 Bargaining Power of Consumers
4.14.3 Threat of New Entrants
4.14.4 Threat of Substitutes Products and Services
4.14.5 Intensity of Competitive Rivalry
5.1 By Service Type
5.1.1 Pre-commissioning and Commissioning Services
5.1.2 Maintenance Services Repair Services Cleaning Services
5.1.3 Inspection Services Intelligent Pigging (Magnetic Flux and Ultrasonic Pigging) Caliper Pigging Other Inspection Services
5.1.4 Decommissioning Services
5.2 By Location of Deployment
5.2.1 Onshore
5.2.2 Offshore
5.3 Geography
5.3.1 North America
5.3.2 Asia-Pacific
5.3.3 Europe
5.3.4 South America
5.3.5 Middle East & Africa
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Baker Hughes Co
6.4.2 Pumpco Inc.
6.4.3 Barnard Construction Company Inc.
6.4.4 Tenaris SA
6.4.5 Sunland Construction Inc.
6.4.6 Ledcor Group
6.4.7 Larsen & Toubro Limited
6.4.8 Snelson Companies Inc.
6.4.9 EnerMech Ltd
6.4.10 STATS Group
6.4.11 Intertek Group PLC
6.4.12 IKM Gruppen AS
6.4.13 Oil States Industries Inc.
6.4.14 T.D. Williamson

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Baker Hughes Co
  • Pumpco Inc.
  • Barnard Construction Company Inc.
  • Tenaris SA
  • Sunland Construction Inc.
  • Ledcor Group
  • Larsen & Toubro Limited
  • Snelson Companies Inc.
  • EnerMech Ltd
  • STATS Group
  • Intertek Group PLC
  • IKM Gruppen AS
  • Oil States Industries Inc.
  • T.D. Williamson