Global Pipeline and Process Services Market - Segmentation by Processes, Services and Geography, Competitive Landscape and Key Company Analysis (2017 - 2022)

Published - Jan 2017 | Category - Energy and Power | No. of Pages - 133 | Published By - Mordor Intelligence

Report Highlights

Pipelines form an essential and critical part of Oil & Gas transportation as they solve the problem of mismatch between production and demand. They are vital infrastructure required to ensure the smooth operation of the energy industry. They are also most efficient and carbon neutral way to transport Oil & Gas. The major trends driving the market are ever increasing energy demand, shale boom and increasing offshore exploration activity across the globe. On the flip side, high initial investments, security threats, geo political situation and falling crude oil prices are restraining the market from growth.

North America is leading the market for pipeline services with United States of America being the major market in the region. This regions market would be primarily driven by burgeoning shale activity across the United States, Canada and growing offshore exploration in Gulf of Mexico. Asia Pacific is one of the fastest growing regions for pipeline processing and services market. The North Sea region presents a decent market opportunity for pipeline processing and services market as its new exploration activity is at an all-time high, because of the decreasing production levels over past few years, and moving into much deeper waters to find new oil and gas reserves.

Regions such as South and Central America and Africa are expected to share a decent share of market demand in the coming decade though there are certain factors restraining the Oil & Gas activity in these regions. Africa's Oil & Gas industry has suffered from various political and social scenarios such as internal wars and corruption, the situation is safe enough these days. The efficient handling of the piracy problem by the authorities has reduced the security concerns considerably, helping companies to invest in the region again.

This report comprehensively analyzes the Pipeline Processing and Services market by segmenting it based on geography, product type transferred and end user location (onshore and offshore). Estimates in each segment are provided for the next six years. Key drivers and restraints that are effecting the growth of this market were discussed in detail. The study also elucidates on competitive landscape and key market players.

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