Market Research Report
Pipeline & Process Services - Global Market Outlook (2018-2027)
|Published by||Stratistics Market Research Consulting||Product code||911758|
|Published||Content info||134 Pages
Delivery time: 2-3 business days
|Pipeline & Process Services - Global Market Outlook (2018-2027)|
|Published: September 1, 2019||Content info: 134 Pages||
According to Stratistics MRC, the Global Pipeline & Process Services market accounted for $3.16 billion in 2018 and is expected to reach $5.48 billion by 2027 growing at a CAGR of 6.3% during the forecast period. Increasing consumption of natural gas, rising demand for energy and the discovery of new gas and oil reserves, high investments lined up for pipeline business are some key factors influencing the market growth. However, issues related to by cross-border oil & gas pipeline projects is hampering the market growth.
Pipeline is one of the most crucial and affordable modes of transportation to ship a few sorts of items, for example, water, synthetic compounds among others from the creation and boring destinations to the end-clients and capacity terminals. The pipelines are normally covered one to two meters underground. These are commonly produced using carbon steel, plastic cylinders, or steel. So as to avert wax development, marks, splits, scraped area, and avoid erosion, these pipelines must be minutely reviewed. These sort of investigating and upkeep exercises are known as pipeline administrations and pipeline handling market.
Based on service, the pre-commissioning & commissioning segment is constantly enhancing due to huge volume of pipeline (km) pre-commissioning in North America and Asia Pacific regions. Pre-commissioning is the series of processes carried out on the pipeline before the final product is introduced. By geography, North America is estimated to have a lucrative growth due to rising demand for energy and transportation produced crude &natural gas from remote locations in the region.
Some of the key players in Pipeline & Process Services market include Halliburton, IPEC, Trans Asia Pipelines, BHGE, Enermech, Saudi Aramco, Bluefin Group, Hydratight, IKM, Techfem Spa, Altus Intervention, Schlumberger Limited, Chenergy Services, Tucker Energy Services, and Future Pipe Industries.
Note: The tables for North America, Europe, Asia Pacific, South America, and Middle East & Africa are represented in the same manner as above.