+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)
Sale

Mexico Pipeline Services Market - Growth, Trends, and Forecasts (2023-2028)

  • PDF Icon

    Report

  • 112 Pages
  • April 2023
  • Region: Mexico
  • Mordor Intelligence
  • ID: 5176868
UP TO OFF until Mar 31st 2024
The Mexico Pipeline Services Market is expected to register a CAGR of over 2.34% during the forecast period.

The market was negatively impacted by COVID-19 in 2020. Presently the market has now reached pre-pandemic levels.

Key Highlights

  • Over the medium term, factors such as increasing natural gas imports from the United States through cross-border pipelines, aging midstream pipeline infrastructure, and plans to improve natural gas accessibility across the country, are expected to boost the demand for the Mexican pipeline services market during the forecast period.
  • On the other hand, increasing crude oil theft from national oil and gas pipelines, disappointing results from the private oil and gas companies, and Pemex is the most indebted oil company across the world (over USD 100 billion in debt). This, in turn, hindered the growth of the pipeline services market in the country.
  • Nevertheless, opening the upstream oil and gas market is expected to provide opportunities to sell technology and services to private companies or for joint ventures and partnerships between the United States companies and Pemex.

Mexico Pipeline Services Market Trends

Pre-commissioning and commissioning services to dominate the market

  • Pre-commissioning and commissioning services will have a major market share in the year 2021 and is expected to continue its dominance in the coming years.
  • The growing crude oil production within the country will, in turn, culminates the growth of crude oil supply within the country and facilitates pre-commissioning and commissioning services of pipelines. In March 2022, the country produced 1625.44 tbsp of crude oil through PEMEX and private companies. Also, several key pipelines in Mexico were placed in service earlier in 2020-21, strengthening the confidence of players involved in the pre-commissioning and commissioning pipelines.
  • Low carbon steel is the most widely used material for oil and gas pipelines across the country, owing to its properties, such as toughness, ductility, weldability, ability to withstand temperature changes, and cost-effectiveness, as compared to stainless steel. But it is susceptible to corrosion in the presence of air, soil, and water, which is a significant disadvantage.
  • The corrosion repair systems are designed to strengthen the pipe affected by corrosion and contain the transported fluid in the event of failure. The corrosion repair systems include full circumferential welded sleeves, welded patches, composite reinforcements, and pipe section replacements.
  • Moreover, in August 2022, Touchstone Exploration Inc. announced a notice that the Coho gas facility and pipeline would begin pre-commissioning and commissioning activities has been sent to local homeowners.
  • Therefore, pre-commissioning and commissioning services are expected to boost the demand for the pre-commissioning and commissioning services market in the country during the forecast period.


Increasing Natural Gas Pipeline Imports from the United States

  • Natural Gas Pipeline infrastructure is a cost-effective and secure method of transferring gas by joining gas sources to gas-consuming markets.
  • In contrast to the 11.6 per cent increase for the year concluded in May 2022, U.S. import prices increased 10.7% for the year ending. Prices for imported natural gas jumped 165.5% between June 2021 and June 2022.
  • Natural gas consumption in Mexico increased by 5.7% in 2021. In 2021, the natural gas production was 88.2 billion cubic metres compared to 2020, which was 83.7 billion cubic metres.
  • According to United Energy Information Administration, Natural gas pipeline exports from West Texas to Mexico averaged 1.6 billion cubic feet per day (Bcf/d) during May 2022. the most pipeline exports from West Texas. Also, the share of Mexico’s natural gas supply met by pipeline imports from the United States grew from 61% in 2019 to 72% in 2021
  • Moreover, in Mexico, the electric power sector and (to a slightly lesser degree) the industrial sector have been leading growth in natural gas consumption in recent years. Much of this growth in natural gas consumption has been met by growth in pipeline imports from the United States.
  • Furthermore, in May 2022, the Tahuehueto Gold Mine in Durango, Mexico, began pre-production mining and mill commissioning operations, according to an announcement from Altaley Mining Corporation.
  • Hence, the increasing natural gas pipeline imports from United States is expected to drive the Mexico Pipeline Services during the forecast period.


Mexico Pipeline Services Market Competitor Analysis

The Mexican Pipeline Services Market is partially fragmented. The major companies include (not in a particular order) MasTec Inc., SGS SA, OCA Global, Intertek Group PLC, and Fluor Corporation.

Additional benefits of purchasing the report:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support


This product will be delivered within 2 business days.

Table of Contents

1 INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2 EXECUTIVE SUMMARY3 RESEARCH METHODOLOGY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD million, till 2027
4.3 Pipeline Transportation
4.3.1 Transmission Pipeline Scenario
4.3.2 Distribution Pipeline Scenario
4.4 Mexico Natural Gas Production, till 2021
4.5 Mexico Crude Oil Production, till 2021
4.6 Refined Petroleum Production and Consumption Trend, till 2021
4.7 Recent Trends and Developments
4.8 Government Policies and Regulations
4.9 Key Pipeline Projects
4.9.1 Existing Infrastructure
4.9.2 Upcoming Projects and Projects in Pipeline
4.10 Market Dynamics
4.10.1 Drivers
4.10.2 Restraints
4.11 PESTLE Analysis
5 MARKET SEGMENTATION BY SERVICE
5.1 Pre-commissioning and Commissioning Services
5.2 Maintenance Services
5.3 Inspection Services
5.4 Decommissioning Services
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 MasTec Inc.
6.3.2 SGS SA
6.3.3 OCA Global
6.3.4 Intertek Group PLC
6.3.5 Fluor Corporation
6.3.6 Techint Group
6.3.7 Arendal S. de R.L. de CV
6.3.8 Aegion Corporation (United Pipeline Systems)
7 MARKET OPPORTUNITIES AND FUTURE TRENDS

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • MasTec Inc.
  • SGS SA
  • OCA Global
  • Intertek Group PLC
  • Fluor Corporation
  • Techint Group
  • Arendal S. de R.L. de CV
  • Aegion Corporation (United Pipeline Systems)

Methodology

Loading
LOADING...