Pipeline Maintenance Services Market Overview 2022 to 2030, Future Trends and Forecast | CAGR 7.9%

In accordance with the Pipeline Maintenance Services market is set to grow at a CAGR of 7.9% over a forecast period (2022-2030).

Some of the factors driving the Pipeline Maintenance Services Market are the growing development of unconventional oil and gas sources, the need to maintain output from aging pipeline systems, and the need to meet rising energy demand by increasing oil and gas pipeline infrastructure. Most conventional oil fields, both onshore and offshore, are aging faster than they can be replaced, and will be unable to supply rising energy demand. As a result, the oil and gas industry is attempting to tap into unconventional reserves in order to fulfill rising demand. However, most unconventional resources, such as shale gas in the United States and oil sands in Canada, produce heavy and extra-heavy oils with significant levels of contaminants including bitumen, water, and carbon dioxide, posing a threat to the pipeline system's integrity.

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The "Pipeline Maintenance Services Market" Report includes qualitative and quantifiable insights into the major drivers, restraints, opportunities, and challenges affecting global market growth. The examination contains complete statistical market data on the major companies, as well as revenue forecasts. The Pipeline Maintenance Services market study also includes information on the sales growth of many regional and country-level markets, as well as the competitive landscape and specific company analysis for the forecast period. The market report observes future growth aspects as well as the current status of market share, penetration of various types, technologies, applications, and geographies through 2030.

Pipeline Maintenance Services Market Leading Players:

Baker Hughes A GE Company, EnerMech, STATS Group, Intertek Group, Dacon Inspection Services, IKM Gruppen

Recent Development:

July 2020 - IKM Group signed a contract from Johan Castberg for Nitrogen-Helium leakage testing and PSV calibration. The company also accepted additional bolt work, hot oil flushing, chemical cleaning, drying, cutting pipes, machining of flanges, and machining pipe wedges, etc.

September 2020 - EnerMech was awarded a contract in the Southern North Sea for a period of 12 months. EnerMech has committed to deliver various pipeline and process specialist services like nitrogen, bolting and flange management, removal of all resources used in the project, and pipework removal. The company will contribute significantly to the setting up of new pipelines, and assist in controlled bolting and leak testing.

This Research Considers the following Regions on Prime focus:

North America (U.S., Canada)

Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)

South America (Mexico, Brazil, Argentina, Columbia, Rest of South America)

Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

Regional Overview:

North America is the dominant region for Pipeline Maintenance Services Because of its massive installed pipeline capacity and government regulations; North America is likely to have the greatest market for pipeline maintenance. The United States has the world's largest pipeline network. Crude oil transport accounts for almost a third of the country's entire pipeline business, sending millions of gallons of oil equivalent every day to refineries and export terminals.

Global Pipeline Maintenance Services Market Segmentation:

By type:

Pigging
Flushing and Chemical Cleaning
Pipeline Repair and Maintenance
Drying
Others

By application:

Onshore
Offshore

Year Considered Estimating the Market Size:

Historical Years: 2017-2021

Base Year: 2022

Estimated Year: 2022

Forecast Period: 2023-2030

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Report Aim and Scope:

An overview of the Pipeline Maintenance Services market based on geographical scope, segmentation, and financial performance of key players is presented in the report.
The report presents the estimated Pipeline Maintenance Services market size by the end of the forecast period. Additionally, the historical and current market size is also examined in the report.
Based on various indicators, the Year-on-Year Growth (%) and compound annual growth rate (CAGR) for the given forecast period are offered.
The report presents current trends in the industry and the future scope of the market in North America, Asia Pacific, Europe, Latin America, and Europe.
The various parameters accelerating the growth of the Pipeline Maintenance Services market is incorporated in the research report.
The report analyzes the growth rate, market size, and valuation of the market during the forecast period.

Key Reasons to Purchase:

- To gain insightful analyses of the market and have a comprehensive understanding of the global market and its industrial landscape.

- To identify and analyze the profile of leading players operating in the global Pipeline Maintenance Services market.

- To understand the most affecting driving and restraining forces in the market and their impact on the global market.

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Contrive Datum Insights (CDI) is a global delivery partner of market intelligence and consulting services to officials in various sectors including investment, information technology, telecommunications, consumer technology, and manufacturing markets. CDI helps investment communities, business executives and IT professionals make accurate, statistically-based decisions on technology purchases and promote strong growth tactics to maintain market competitiveness. Composed of a team of more than 100 analysts and a cumulative market experience of more than 200 years, Contrive Datum Insights guarantees the delivery of industry knowledge combined with global and national experience.

This release was published on openPR.