Pipeline and Process Services Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Pipeline and Process Services Market
The global pipeline and process services market size was valued at USD 3.49 billion in 2022 and is projected to grow from USD 3.63 billion in 2023 to USD 5.53 billion by 2030, exhibiting a CAGR of 6.21% during the forecast period of 2023-2030.
The COVID-19 outbreak has significantly influenced the amount of pipeline and process service in the context of the working schedule and project cancellations. Because of the COVID-19 constraint measures such as lockdowns and social distancing that have hindered skilled human resource availability and equipment accessibility to perform scopes that could have been completed early enough, new projects’ pipelines and process services’ markets have been significantly impacted, resulting in pipeline and process services market growth.
The pipeline and process services market is influenced by factors such as the need for energy and infrastructural projects around the globe, especially in the growing economies. There is a need for more reliable technologies to maximize and address energy delivery and storage challenges and hence drive the advanced pipeline and process services market.
The pipeline and process services market is still growing because of the rising demand for energy and infrastructure projects in various emerging countries. There has been a shift towards finding efficient and effective technologies to enhance energy delivery and overcome storage issues, which has motivated the use of modern services for pipelines and processes. With the global economy on an upward spiral, the need for energy and infrastructure is poised to rise; thus, the pipeline and process service business projects will also be on the rise, impeding a global increase in the pipeline and process services market share.
Comprehensive Analysis of Pipeline and Process Services Market
The pipeline and process services market is divided by type into pipeline and process. However, the pipeline segment is leading in its popularity among oil and gas companies. Additionally, the market is divided into three categories based on operation: The survey includes pre-commissioning, maintenance, and decommissioning activities, with the maintenance segment taking the largest market share thanks to it being a vital segment that guarantees the safety of the pipeline and its proper functioning.
The North American region led the pipeline and process services market by benefitting a size of USD 1.53 billion in 2023 due to the rising energy demand and efficient oil transportation.
The leading players in the pipeline and process services market significantly influence its growth trajectory and set industry standards. These key players, including Halliburton (U.S.), BlueFin Services (Gate Energy) (U.S.), Altus Intervention (Norway), Techfem (Italy), Eunisell Limited (Nigeria), EnerMech (U.S.), Chenergy Services Limited (Nigeria), CR3 (Thailand), Alphaden Energy & Oilfield Limited (U.S.), Trans Asia Group (UAE), T.D. Williamson, Inc (U.S.), STATS Group (United Kingdom), Oceaneering International, Inc (U.S.), TEAM, Inc. (U.S.), Baker Hughes (U.S.), BGS ES (U.S.), Hydratight Limited (U.K.), Ideh Pouyan Energy Co (Iran), and IKM Group (Norway), contribute to a competitive landscape, driving innovation and market advancement in the industry.
In November 2022, Techfem has, for many years, been involved in developing cross-border hydrogen pipelines that included offering design packages and pre-project consulting for a long-distance pure hydrogen high-pressure pipeline system.
Segmentation Table
Attribute Details
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 6.21% from 2023 to 2030
Unit Value (USD Billion)
Segmentation By Asset Type, Operation, and Region
Segmentation By Asset Type
Pipeline
- Transmission
- Distribution
Process
- Forties Pipeline System (FPS)
- Refinery & Petrochemical
- Storage & Processing
By Operation
Pre-Commissioning
Maintenance
Decommissioning
By Region
North America (By Asset Type, Operation, and Country)
- U.S. (By Operation)
- Canada (By Operation)
Europe (By Asset Type, Operation, and Country)
- Ukraine (By Operation)
- U.K. (By Operation)
- Italy (By Operation)
- Germany (By Operation)
- Poland (By Operation)
- Hungary (By Operation)
- Netherlands (By Operation)
- France (By Operation)
- Russia (By Operation)
- Rest of Europe (By Operation)
Asia Pacific (By Asset Type, Operation, and Country)
- China (By Operation)
- India (By Operation)
- Australia (By Operation)
- Southeast Asia (By Operation)
- Rest of Asia Pacific (By Operation)
Latin America (By Asset Type, Operation, and Country)
- Brazil (By Operation)
- Mexico (By Operation)
- Argentina (By Operation)
- Rest of Latin America (By Operation)
Middle East & Africa (By Asset Type, Operation, and Country)
- GCC (By Operation)
- Iran (By Operation)
- Algeria (By Operation)
- Turkey (By Operation)
- Egypt (By Operation)
- Rest of Middle East & Africa (By Operation)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. New Product Launches, Key Players
- 4.2. Recent Industry Developments – Partnerships, Mergers & Acquisitions
- 4.3. Impact of Covid-19 on the Market
- 5. Global Over The Counter Drugs Market Analysis, Insights and Forecast, 2019-2030
- 5.1. Market Analysis, Insights and Forecast – By Product Type
- 5.1.1. Analgesics
- 5.1.2. Cold & Cough Remedies
- 5.1.3. Digestives & Intestinal Remedies
- 5.1.4. Skin Treatment
- 5.1.5. Vitamins & Minerals
- 5.1.6. Others
- 5.2. Market Analysis, Insights and Forecast – By Distribution Channels
- 5.2.1. Drug Stores & Retail Pharmacies
- 5.2.2. Hospital Pharmacies
- 5.2.3. Online Pharmacies
- 5.3. Market Analysis, Insights and Forecast – By Region
- 5.3.1. North America
- 5.3.2. Europe
- 5.3.3. Asia pacific
- 5.3.4. Latin America
- 5.3.5. Middle East & Africa
- 6. North America Over The Counter Drugs Market Analysis, Insights and Forecast, 2019-2030
- 6.1. Market Analysis, Insights and Forecast – By Product Type
- 6.1.1. Analgesics
- 6.1.2. Cold & Cough Remedies
- 6.1.3. Digestives & Intestinal Remedies
- 6.1.4. Skin Treatment
- 6.1.5. Vitamins & Minerals
- 6.1.6. Others
- 6.2. Market Analysis, Insights and Forecast – By Distribution Channels
- 6.2.1. Drug Stores & Retail Pharmacies
- 6.2.2. Hospital Pharmacies
- 6.2.3. Online Pharmacies
- 6.3. Market Analysis, Insights and Forecast – By Country
- 6.3.1. U.S. (By Product Type)
- 6.3.2. Canada (By Product Type)
- 7. Europe Over The Counter Drugs Market Analysis, Insights and Forecast, 2019-2030
- 7.1. Market Analysis, Insights and Forecast – By Product Type
- 7.1.1. Analgesics
- 7.1.2. Cold & Cough Remedies
- 7.1.3. Digestives & Intestinal Remedies
- 7.1.4. Skin Treatment
- 7.1.5. Vitamins & Minerals
- 7.1.6. Others
- 7.2. Market Analysis, Insights and Forecast – By Distribution Channels
- 7.2.1. Drug Stores & Retail Pharmacies
- 7.2.2. Hospital Pharmacies
- 7.2.3. Online Pharmacies
- 7.3. Market Analysis, Insights and Forecast – By Country
- 7.3.1. Germany (By Product Type)
- 7.3.2. U.K. (By Product Type)
- 7.3.3. France (By Product Type)
- 7.3.4. Spain (By Product Type)
- 7.3.5. Italy (By Product Type)
- 7.3.6. Scandinavia (By Product Type)
- 7.3.7. Rest of Europe (By Product Type)
- 8. Asia Pacific Over The Counter Drugs Market Analysis, Insights and Forecast, 2019-2030
- 8.1. Market Analysis, Insights and Forecast – By Product Type
- 8.1.1. Analgesics
- 8.1.2. Cold & Cough Remedies
- 8.1.3. Digestives & Intestinal Remedies
- 8.1.4. Skin Treatment
- 8.1.5. Vitamins & Minerals
- 8.1.6. Others
- 8.2. Market Analysis, Insights and Forecast – By Distribution Channels
- 8.2.1. Drug Stores & Retail Pharmacies
- 8.2.2. Hospital Pharmacies
- 8.2.3. Online Pharmacies
- 8.3. Market Analysis, Insights and Forecast – By Country
- 8.3.1. Japan (By Product Type)
- 8.3.2. China (By Product Type)
- 8.3.3. India (By Product Type)
- 8.3.4. Australia (By Product Type)
- 8.3.5. Southeast Asia (By Product Type)
- 8.3.6. Rest of Asia Pacific (By Product Type)
- 9. Latin America Over The Counter Drugs Market Analysis, Insights and Forecast, 2019-2030
- 9.1. Market Analysis, Insights and Forecast – By Product Type
- 9.1.1. Analgesics
- 9.1.2. Cold & Cough Remedies
- 9.1.3. Digestives & Intestinal Remedies
- 9.1.4. Skin Treatment
- 9.1.5. Vitamins & Minerals
- 9.1.6. Others
- 9.2. Market Analysis, Insights and Forecast – By Distribution Channels
- 9.2.1. Drug Stores & Retail Pharmacies
- 9.2.2. Hospital Pharmacies
- 9.2.3. Online Pharmacies
- 9.3. Market Analysis, Insights and Forecast – By Country
- 9.3.1. Brazil (By Product Type)
- 9.3.2. Mexico (By Product Type)
- 9.3.3. Rest of Latin America (By Product Type)
- 10. Middle East & Africa Over The Counter Drugs Market Analysis, Insights and Forecast, 2019-2030
- 10.1. Market Analysis, Insights and Forecast – By Product Type
- 10.1.1. Analgesics
- 10.1.2. Cold & Cough Remedies
- 10.1.3. Digestives & Intestinal Remedies
- 10.1.4. Skin Treatment
- 10.1.5. Vitamins & Minerals
- 10.1.6. Others
- 10.2. Market Analysis, Insights and Forecast – By Distribution Channels
- 10.2.1. Drug Stores & Retail Pharmacies
- 10.2.2. Hospital Pharmacies
- 10.2.3. Online Pharmacies
- 10.3. Market Analysis, Insights and Forecast – By Country
- 10.3.1. GCC Countries (By Product Type)
- 10.3.2. South Africa (By Product Type)
- 10.3.3. Rest of Middle East & Africa (By Product Type)
- 11. Competitive Analysis
- 11.1. Global Market Share Analysis (2022)
- 11.2. Company Profiles (Overview, Products, SWOT, Recent Developments, Strategies, Financials (based on availability))
- 11.2.1. Johnson & Johnson Services Inc.
- 11.2.1.1. Overview,
- 11.2.1.2. Products,
- 11.2.1.3. SWOT,
- 11.2.1.4. Recent Developments,
- 11.2.1.5. Strategies,
- 11.2.1.6. Financials (based on availability)
- 11.2.2. Bayer AG
- 11.2.2.1. Overview,
- 11.2.2.2. Products,
- 11.2.2.3. SWOT,
- 11.2.2.4. Recent Developments,
- 11.2.2.5. Strategies,
- 11.2.2.6. Financials (based on availability)
- 11.2.3. Novartis AG
- 11.2.3.1. Overview,
- 11.2.3.2. Products,
- 11.2.3.3. SWOT,
- 11.2.3.4. Recent Developments,
- 11.2.3.5. Strategies,
- 11.2.3.6. Financials (based on availability)
- 11.2.4. Sanofi S.A.
- 11.2.4.1. Overview,
- 11.2.4.2. Products,
- 11.2.4.3. SWOT,
- 11.2.4.4. Recent Developments,
- 11.2.4.5. Strategies,
- 11.2.4.6. Financials (based on availability)
- 11.2.5. Pfizer
- 11.2.5.1. Overview,
- 11.2.5.2. Products,
- 11.2.5.3. SWOT,
- 11.2.5.4. Recent Developments,
- 11.2.5.5. Strategies,
- 11.2.5.6. Financials (based on availability)
- 11.2.6. GlaxoSmithKline Plc
- 11.2.6.1. Overview,
- 11.2.6.2. Products,
- 11.2.6.3. SWOT,
- 11.2.6.4. Recent Developments,
- 11.2.6.5. Strategies,
- 11.2.6.6. Financials (based on availability)
- 11.2.7. Boehringer Ingelheim International GmbH
- 11.2.7.1. Overview,
- 11.2.7.2. Products,
- 11.2.7.3. SWOT,
- 11.2.7.4. Recent Developments,
- 11.2.7.5. Strategies,
- 11.2.7.6. Financials (based on availability)
- 11.2.8. Reckitt Benckiser Group PLC
- 11.2.8.1. Overview,
- 11.2.8.2. Products,
- 11.2.8.3. SWOT,
- 11.2.8.4. Recent Developments,
- 11.2.8.5. Strategies,
- 11.2.8.6. Financials (based on availability)
- 11.2.9. Takeda Pharmaceutical Company Ltd.
- 11.2.9.1. Overview,
- 11.2.9.2. Products,
- 11.2.9.3. SWOT,
- 11.2.9.4. Recent Developments,
- 11.2.9.5. Strategies,
- 11.2.9.6. Financials (based on availability)
- 11.2.10. Perrigo Company plc
- 11.2.10.1. Overview,
- 11.2.10.2. Products,
- 11.2.10.3. SWOT,
- 11.2.10.4. Recent Developments,
- 11.2.10.5. Strategies,
- 11.2.10.6. Financials (based on availability)
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