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Market Research Report

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

Published by Mordor Intelligence LLP Product code 850316
Published Content info 188 Pages
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Pipeline Integrity Management Market - Growth, Trends, and Forecast (2020 - 2025)
Published: February 1, 2020 Content info: 188 Pages
Description

The market for pipeline integrity management is expected to grow at a CAGR of 2.25% during the forecast period of 2020 - 2025. Major factors driving the market studied are the rising exploration and production (E&P) development of unconventional oil and gas sources leading to the pipeline expansion, the bid to maintain output from ageing pipeline systems, and the need to cater to the rising energy demand by increasing the oil and gas pipeline infrastructure. The increasing preference towards marine vessel over subsea pipelines, for the oil and gas trade between countries separated by sea, has negatively impacted the demand for pipeline integrity management market.

  • The onshore segment accounts for the largest share in the market studied. More than 80% of the pipelines are located onshore. The United States has sanctioned around 26 major onshore gas pipeline projects in 2017 and 2018. The country has a mandate of pipeline maintenance every year. These large number of projects are expected to contribute to the demand for pipeline integrity management services during the forecast period.
  • The LNG trade is expected to witness a significant increase globally, resulting in increased demand for natural gas pipeline network as well, which, in turn, is an upcoming opportunity for the pipeline integrity management market.
  • North America accounts for the largest market, led by the United States, mainly due to the shale boom, which has resulted in a huge demand for the expansion of the pipeline network and its capacity.

Key Market Trends

Increasing Natural Gas Pipeline Infrastructure

  • By 2030, owing to factors, such as environmental benefits and quest for energy security in regions, such as Asia-Pacific, the consumption of natural gas is expected to witness the fastest growth rates among all fuel types. The lower cost, in comparison to other fossil fuels, is also expected to supplement the demand for natural gas during the forecast period.
  • 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 integrity management market in the coming years.
  • Due to the advantages offered, such as reduction of transport volume by a factor of 600, liquefied natural gas or LNG is witnessing a continuously increasing share in the natural gas volumes traded, worldwide.
  • Qatar continues to be one of the largest LNG exporters, a position it has been holding for over a decade.
  • The LNG trade is expected to witness a significant increase globally, resulting in increased demand for natural gas pipeline network as well, which, in turn, is an upcoming opportunity for the pipeline integrity management market.

North America Region to Dominate the Market

  • North America region dominated the global market share in 2018. In a bid to maintain production from the ageing pipelines and decommissioning of the old pipelines in the United States have driven the demand for pipeline integrity management in the region. The United States has one of the largest networks of pipelines in the world. Approximately one third of the total pipeline market in the country is used to transport crude oil, delivering millions of gallons of oil equivalent/day to various refineries and export terminals.
  • As of 2018, there are more than 210 natural gas pipeline systems, with a vast network of natural gas pipeline, which is used to transport natural gas across the country and to other countries.
  • Moreover, with the production of shale gas increasing rapidly, the need to transport higher amount of dry gas has initiated various expansion and new pipeline projects.
  • In the United States, investment in the pipeline sector has gained momentum after the shale gas boom, which has further increased the need for sophisticated pipeline networks, calling for efficient operation and maintenance. However, corrosion of pipelines remains a significant challenge for pipeline operators.

Competitive Landscape

The pipeline integrity managament market is fragmented with a large number of players. The key companies in the market studied include T. D. Williamson Inc., Emerson Electric Co., Bureau Veritas SA, Baker Hughes Co, TUV Rheinland AG, and SGS SA.

Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
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  • 3 months of analyst support
Table of Contents
Product Code: 62657

Table of Contents

1 INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2025
  • 4.3 Installed Pipeline Historic Capacity and Forecast in kilometer, till 2025
  • 4.4 Inter-regional Pipeline Import Capacity in bscm, till 2025
  • 4.5 Inter-regional Pipeline Export Capacity in bscm, till 2025
  • 4.6 Crude Oil Production and Consumption Forecast, till 2025
  • 4.7 Natural Gas Production and Consumption Forecast, till 2025
  • 4.8 Investment in Pipelines, LNG Liquefaction, and LNG Receiving Terminals in USD billion, 2017-2025
  • 4.9 Recent Trends and Developments
  • 4.10 Government Policies and Regulations
  • 4.11 Market Dynamics
    • 4.11.1 Drivers
    • 4.11.2 Restraints
  • 4.12 Supply Chain Analysis
  • 4.13 Porter's Five Forces Analysis
    • 4.13.1 Bargaining Power of Suppliers
    • 4.13.2 Bargaining Power of Consumers
    • 4.13.3 Threat of New Entrants
    • 4.13.4 Threat of Substitute Products and Services
    • 4.13.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

  • 5.1 Location of Deployment
    • 5.1.1 Onshore
    • 5.1.2 Offshore
  • 5.2 Service Type
    • 5.2.1 Inspection Services
    • 5.2.2 Cleaning Services
    • 5.2.3 Repair and Refurbishment Services
  • 5.3 Geography
    • 5.3.1 North America
      • 5.3.1.1 United States
      • 5.3.1.2 Canada
      • 5.3.1.3 Rest of North America
    • 5.3.2 Asia-Pacific
      • 5.3.2.1 China
      • 5.3.2.2 India
      • 5.3.2.3 Malaysia
      • 5.3.2.4 Australia
      • 5.3.2.5 Rest of Asia-Pacific
    • 5.3.3 Europe
      • 5.3.3.1 United Kingdom
      • 5.3.3.2 Norway
      • 5.3.3.3 Russia
      • 5.3.3.4 Rest of Europe
    • 5.3.4 Middle-East and Africa
      • 5.3.4.1 Saudi Arabia
      • 5.3.4.2 United Arab Emirates
      • 5.3.4.3 Nigeria
      • 5.3.4.4 Rest of Middle-East and Africa
    • 5.3.5 South America
      • 5.3.5.1 Brazil
      • 5.3.5.2 Argentina
      • 5.3.5.3 Rest of South America

6 COMPETITIVE LANDSCAPE

  • 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by the Key Players
  • 6.3 Company Profiles
    • 6.3.1 Infosys Ltd
    • 6.3.2 Baker Hughes Co
    • 6.3.3 Bureau Veritas SA
    • 6.3.4 TUV Rheinland
    • 6.3.5 T. D. Williamson Inc.
    • 6.3.6 Emerson Electric Co.
    • 6.3.7 SGS SA
    • 6.3.8 EnerMech Ltd
    • 6.3.9 MATCOR Inc.
    • 6.3.10 TWI Ltd

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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