The global pipeline & process service market is expected to grow with the CAGR of 4% by 2025

According to a new market report published by Lucintel, the future of the pipeline & process service market looks promising with opportunities in the power generation, chemical & refined product, water & waste water, and oil & gas industries. The global pipeline & process service market is expected to grow with a CAGR of 4% from 2020 to 2025. The major drivers for this market are growing natural gas consumption and high investments lined up for pipeline business procedures.
Pipeline and process services operate globally providing a full range of precommissioning, commisioning, maintainance, and decommissioning services of pipelines and process plant construction, commissioning, and maintenance industries, both onshore and offshore. In this market, pipeline (transmission and distribution) and process (forties pipeline system, refinery & petrochemical, and gas storage & processing) are the major asset types of pipeline & process services. Lucintel forecasts that pipeline will remain the largest type segment over the forecast period, as a massive spread of around 250,000 kms of pipeline are estimated to be added globally.
Within this market, oil & gas will remain the largest end use segment over the forecast period due to the requirement of transmission of crude oil and natural gas over long distances across states, countries, and continents.
North America will remain the largest region, and it is also expected to witness the highest growth over the forecast period due to the growing demand for energy produced in North America, increasing exploration and production of oil & gas in harsh environments, and growing recent discoveries of certain new extraction techniques.
Halliburton, BHGE, EnerMech, IKM, Hydratight, Altus Intervention, Bluefin, Tucker Energy, IPEC, Trans Asia Pipelines, and Chenergy are among the major suppliers in the global pipeline & process service market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global pipeline & process service market by asset type, operation, end use, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Pipeline & Process Service Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global pipeline & process service market by asset type, operation, end use, and region as follows:
By Asset Type [Value ($ Million) shipment analysis for 2014 – 2025]:

• Pipeline

• Transmission
• Distribution

• Process

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

 
By Operation [Value ($ Million) shipment analysis for 2014 – 2025]:

• Pre-Commissioning & Commissioning
• Maintenance
• Decommissioning

By End Use [Value ($ Million) shipment analysis for 2014 – 2025]:

• Power Generation
• Chemicals & Refined Products
• Water & Waste Water
• Oil & Gas
• Others

By Region [Value ($ Million) shipment analysis for 2014 – 2025]:

• North America

• United States
• Canada
• Mexico

• Europe

• United Kingdom
• Spain
• Germany
• France

• Asia Pacific

• China
• India
• Japan

• The Rest of the World

• Brazil

 
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.