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Pipeline Processing and Pipeline Services Market by Type and Geography - Forecast and Analysis 2022-2026

  • Published: May 2022
  • Pages: 125
  • SKU: IRTNTR73378
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The pipeline processing and pipeline services market’s growth momentum will accelerate at a CAGR of 5.17% and the market share is expected to increase to USD 982.99 million from 2021 to 2026.

This pipeline processing and pipeline services market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The pipeline processing and pipeline services market report also offers information on several market vendors, including Baker Hughes Co., BGS Energy Services, Chenergy Services Ltd., CR Asia Pte Ltd., Cypress Pipeline and Process Services LLC, EnerMech Group Ltd., Enerpac Tool Group Corp., Eunisell Chemicals, GATE Energy, Halliburton Co., Ideh Pouyan Energy Co., IKM Instrutek AS, NiGen International LLC, Offshore Construction Specialists Pte. Ltd., Saudi Arabian Oil Co., Schlumberger Ltd., STEP Energy Services Ltd., Techfem SpA, Trans Asia Pipeline Services FZC, and Tucker Energy Solutions LLC among others.

This report extensively covers pipeline processing and pipeline services market segmentation by the following:

  • Type - Maintenance, Pre-commissioning, and Decommissioning
  • Geography - North America, Europe, APAC, Middle East and Africa, and South America

What will the Pipeline Processing and Pipeline Services Market Size be During the Forecast Period?

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Pipeline Processing and Pipeline Services Market: Key Drivers, Trends, and Challenges

The increasing preference for pipeline transportation is notably driving the pipeline processing and pipeline services market growth, although factors such as stringent safety regulations may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the pipeline processing and pipeline services industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Pipeline Processing and Pipeline Services Market Driver

One of the key factors driving growth in the pipeline processing and pipeline services market is the increasing preference for pipeline transportation. The pipeline transportation of oil and gas is usually referred to as midstream. Oil and gas are often produced at remote locations, from where they are transported to refineries, after which they are processed into refined products and transported to end-users. Pipelines are preferred for long-distance oil and gas transport over other modes. Pipelines have a very low energy consumption, therefore, lower carbon footprint. With pipelines, the transportation of oil and gas can run continuously and can be ramped up or shut down at any time. Pipelines have been the most preferred mode of transporting oil and gas. Increasing the global consumption of oil and gas is expected to drive the global pipeline processing and pipeline services market during the forecast period.

Key Pipeline Processing and Pipeline Services Market Trend

The technological advances in pipeline inspection is a pipeline processing and pipeline services market trend that is expected to have a positive impact in the coming years. Safety is the most critical factor in the oil and gas industry. Therefore, the development of advanced technologies to monitor oil and gas pipelines remotely has enabled oil and gas pipeline services to detect potential problems in the entire pipeline. Devices such as scrapers or pigs are used to perform maintenance and inspection operations in oil and gas pipelines. R & D activities in this field led to a rise in innovations in the oil and gas pipeline services. The use of supervisory control and data acquisition (SCADA) systems allows oil and gas companies to control, monitor, gather, and process real-time data. SCADA systems aid in the effective and efficient monitoring of pipeline control valves at remote locations, such as mountains. Advances in pipeline inspection technologies will ensure the safety and security of oil and gas pipelines and, subsequently, increase the demand for pipeline processing and pipeline services.

Key Pipeline Processing and Pipeline Services Market Challenge

The stringent safety regulations will be a major challenge for the pipeline processing and pipeline services market during the forecast period. Stringent and comprehensive safety regulations will restrain the growth of the global pipeline processing and pipeline services market during the forecast period. Regulatory bodies such as the Occupational Safety and Health Administration (OSHA) ensure adherence to strict compliance across various end-user industries such as oil and gas, mining, petrochemical, and chemical industries. Emergency response operations for hazardous substance release or substantial threats of release should be well-designed. OSHA mandates the employers to create a safe working environment, and emergency response plans must be well-defined before working in hazardous waste operations. Thus, stringent safety regulations by regulatory bodies worldwide will add impetus to the global pipeline processing and pipeline services market.

This pipeline processing and pipeline services market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global pipeline processing and pipeline services market as a part of the global oil field equipment and services market within the global oil and gas market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the pipeline processing and pipeline services market during the forecast period.

Who are the Major Pipeline Processing and Pipeline Services Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Baker Hughes Co.
  • BGS Energy Services
  • Chenergy Services Ltd.
  • CR Asia Pte Ltd.
  • Cypress Pipeline and Process Services LLC
  • EnerMech Group Ltd.
  • Enerpac Tool Group Corp.
  • Eunisell Chemicals
  • GATE Energy
  • Halliburton Co.
  • Ideh Pouyan Energy Co.
  • IKM Instrutek AS
  • NiGen International LLC
  • Offshore Construction Specialists Pte. Ltd.
  • Saudi Arabian Oil Co.
  • Schlumberger Ltd.
  • STEP Energy Services Ltd.
  • Techfem SpA
  • Trans Asia Pipeline Services FZC
  • Tucker Energy Solutions LLC

 

This statistical study of the pipeline processing and pipeline services market encompasses successful business strategies deployed by the key vendors. The pipeline processing and pipeline services market is fragmented and the vendors are deploying growth strategies such as focusing on distinguishing their offerings through clear and unique value propositions to compete in the market.

Product Insights and News

  • Baker Hughes Co. - Baker Hughes Co. is a public company headquartered in the US. It is a global company generating $20,502 million in revenues and has around 54,000 employees. Its revenue from the global pipeline processing and pipeline services market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company. 
  • Baker Hughes Co. - The company offers pipeline processing and pipeline services such as crude processing, corrosion, fouling, desalination, and foaming with process treatment chemicals. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The pipeline processing and pipeline services market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Pipeline Processing and Pipeline Services Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the pipeline processing and pipeline services market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Pipeline Processing and Pipeline Services Market?

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38% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for pipeline processing and pipeline services in North America. Market growth in this region will be faster than the growth of the market in the European and MEA regions.

The high demand for fuel in the US, Canada, and Mexico will facilitate the pipeline processing and pipeline services market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The restrictions imposed to curb the spread of COVID-19 impacted various oil and gas pipeline projects in North America in 2020. A weak economic outlook, coupled with the impact of COVID-19, negatively impacted the oil and gas industry in the region in 2020. However, in the first half of 2021, business activities were resumed, with social distancing guidelines and sanitization rules in place, which supported the growth of the regional pipeline processing and pipeline services market in 2021. 

What are the Revenue-generating Type Segments in the Pipeline Processing and Pipeline Services Market?

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The pipeline processing and pipeline services market share growth by the maintenance segment will be significant during the forecast period. The demand for pipeline processing and pipeline services will witness significant growth in the oil and gas industry during the forecast period. The oil and gas industry includes the exploration, extraction, refining, and transportation of oil and gas products through pipelines. Thus, the maintenance of pipelines plays a crucial role in the smooth operation of the oil and gas industry. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the pipeline processing and pipeline services market size and actionable market insights on post COVID-19 impact on each segment.

 

Pipeline Processing and Pipeline Services Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.17%

Market growth 2022-2026

$ 982.99 million

Market structure

Fragmented

YoY growth (%)

4.5

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 38%

Key consumer countries

US, Canada, Saudi Arabia, China, and Russia

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Baker Hughes Co., BGS Energy Services, Chenergy Services Ltd., CR Asia Pte Ltd., Cypress Pipeline and Process Services LLC, EnerMech Group Ltd., Enerpac Tool Group Corp., Eunisell Chemicals, GATE Energy, Halliburton Co., Ideh Pouyan Energy Co., IKM Instrutek AS, NiGen International LLC, Offshore Construction Specialists Pte. Ltd., Saudi Arabian Oil Co., Schlumberger Ltd., STEP Energy Services Ltd., Techfem SpA, Trans Asia Pipeline Services FZC, and Tucker Energy Solutions LLC

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Pipeline Processing and Pipeline Services Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive pipeline processing and pipeline services market growth during the next five years
  • Precise estimation of the pipeline processing and pipeline services market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the pipeline processing and pipeline services industry across North America, Europe, APAC, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of pipeline processing and pipeline services market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 24: Chart on Type - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Type
      • Exhibit 26: Chart on Comparison by Type
      • Exhibit 27: Data Table on Comparison by Type
    • 5.3 Maintenance - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Maintenance - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Maintenance - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Maintenance - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Maintenance - Year-over-year growth 2021-2026 (%)
    • 5.4 Pre-commissioning - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Pre-commissioning - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Pre-commissioning - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Pre-commissioning - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Pre-commissioning - Year-over-year growth 2021-2026 (%)
    • 5.5 Decommissioning - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Decommissioning - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Decommissioning - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Decommissioning - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Decommissioning - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Type
      • Exhibit 40: Market opportunity by Type ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 Russia - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Russia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Russia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Russia - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Russia - Year-over-year growth 2021-2026 (%)
    • 7.10 China - Market size and forecast 2021-2026
      • Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.11 Canada - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 7.12 Saudi Arabia - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Saudi Arabia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on Saudi Arabia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on Saudi Arabia - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Saudi Arabia - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 86: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 89: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 90: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 91: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 92: Matrix on vendor position and classification
            • 10.3 Baker Hughes Co.
              • Exhibit 93: Baker Hughes Co. - Overview
              • Exhibit 94: Baker Hughes Co. - Business segments
              • Exhibit 95: Baker Hughes Co. - Key news
              • Exhibit 96: Baker Hughes Co. - Key offerings
              • Exhibit 97: Baker Hughes Co. - Segment focus
            • 10.4 EnerMech Group Ltd.
              • Exhibit 98: EnerMech Group Ltd. - Overview
              • Exhibit 99: EnerMech Group Ltd. - Product / Service
              • Exhibit 100: EnerMech Group Ltd. - Key offerings
            • 10.5 GATE Energy
              • Exhibit 101: GATE Energy - Overview
              • Exhibit 102: GATE Energy - Product / Service
              • Exhibit 103: GATE Energy - Key offerings
            • 10.6 Halliburton Co.
              • Exhibit 104: Halliburton Co. - Overview
              • Exhibit 105: Halliburton Co. - Product / Service
              • Exhibit 106: Halliburton Co. - Key news
              • Exhibit 107: Halliburton Co. - Key offerings
            • 10.7 Ideh Pouyan Energy Co.
              • Exhibit 108: Ideh Pouyan Energy Co. - Overview
              • Exhibit 109: Ideh Pouyan Energy Co. - Product / Service
              • Exhibit 110: Ideh Pouyan Energy Co. - Key offerings
            • 10.8 IKM Instrutek AS
              • Exhibit 111: IKM Instrutek AS - Overview
              • Exhibit 112: IKM Instrutek AS - Product / Service
              • Exhibit 113: IKM Instrutek AS - Key offerings
            • 10.9 Saudi Arabian Oil Co.
              • Exhibit 114: Saudi Arabian Oil Co. - Overview
              • Exhibit 115: Saudi Arabian Oil Co. - Product / Service
              • Exhibit 116: Saudi Arabian Oil Co. - Key offerings
            • 10.10 Schlumberger Ltd.
              • Exhibit 117: Schlumberger Ltd. - Overview
              • Exhibit 118: Schlumberger Ltd. - Business segments
              • Exhibit 119: Schlumberger Ltd. - Key offerings
              • Exhibit 120: Schlumberger Ltd. - Segment focus
            • 10.11 STEP Energy Services Ltd.
              • Exhibit 121: STEP Energy Services Ltd. - Overview
              • Exhibit 122: STEP Energy Services Ltd. - Product / Service
              • Exhibit 123: STEP Energy Services Ltd. - Key offerings
            • 10.12 Techfem SpA
              • Exhibit 124: Techfem SpA - Overview
              • Exhibit 125: Techfem SpA - Product / Service
              • Exhibit 126: Techfem SpA - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 127: Inclusions checklist
                • Exhibit 128: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 129: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 130: Research methodology
                • Exhibit 131: Validation techniques employed for market sizing
                • Exhibit 132: Information sources
              • 11.5 List of abbreviations
                • Exhibit 133: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              The pipeline processing and pipeline services market growth will increase by $982.99 million during 2022-2026.
              The pipeline processing and pipeline services market is expected to grow at a CAGR of 5.17% during 2022-2026.
              Technavio has segmented the pipeline processing and pipeline services market by type (Maintenance, Pre-commissioning, and Decommissioning) and geographic (North America, Europe, APAC, Middle East and Africa, and South America).
              Baker Hughes Co., BGS Energy Services, Chenergy Services Ltd., CR Asia Pte Ltd., Cypress Pipeline and Process Services LLC, EnerMech Group Ltd., Enerpac Tool Group Corp., Eunisell Chemicals, GATE Energy, Halliburton Co., Ideh Pouyan Energy Co., IKM Instrutek AS, NiGen International LLC, Offshore Construction Specialists Pte. Ltd., Saudi Arabian Oil Co., Schlumberger Ltd., STEP Energy Services Ltd., Techfem SpA, Trans Asia Pipeline Services FZC, Tucker Energy Solutions LLC are a few of the key vendors in the pipeline processing and pipeline services market.
              North America will register the highest growth rate of 38.41% among the other regions. Therefore, the pipeline processing and pipeline services market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the pipeline processing and pipeline services market growth are:
              • Increasing preference for pipeline transportation
              • Technological advances in pipeline inspection
              The pipeline processing and pipeline services market vendors should focus on grabbing business opportunities from the maintenance segment as it accounted for the largest market share in the base year.
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