Global Pipeline & Process Services Market By Asset (Pipeline, Process), By Operation (Pre-commissioning & Commissioning, Maintenance, Decommissioning), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2031

Pipeline & Process Services (PPS) refer to two different types of services. Pipeline services include tasks such as pipeline gauging, flooding, cleaning, offshore pipeline commissioning, and drilling, as well as other services that are used to distribute a pipeline network. Pipeline processing includes chemical cleaning, nitrogen purging, accelerated cooling, and hydrocarbon decontamination services that are required to keep a pipeline in optimum working condition.

Detailed Segmentation –

The global pipeline & process services market is segmented on the basis of - Asset Type, Operation, and Region. Represented below is a detailed segmental description:

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Based on Asset Type

Pipeline

• Transmission Pipelines
• Distribution Pipelines

Process

• Refinery & Petrochemical Facility Management
• FPS Management
• Gas Processing
• Gas Storage

Based on Operation

Pre-commissioning & Commissioning

• Filling, Cleaning & Gauging
• Dewatering & Leak Testing
• Nitrogen Services
• Pressure Testing
• Chemical Cleaning
• Hydrostatic Testing
• Others

Maintenance

• Flow Remediation
• Nitrogen Services
• Pipe Freezing
• Bolting & Tensioning and Flange Management
• Chemical Cleaning
• Others

Decommissioning

• Nitrogen Service
• Chemical Cleaning
• Bolting & Tensioning
• Flushing
• Pipe Freezing
• Others

Based on Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Market Dynamics -

Drivers for the Global Pipeline & Process Services Market:

With the expeditious expansion in the global populace, rapid industrialization levels, as well as the demand for oil and other energy assets are leading industry players to seek-out efficient sloutions. As per the International Energy Outlook (IEO) which is published by the Energy Information Administration (EIA), the worldwide energy demand is primarily yoked-on by non-OECD countries, such as Argentina, Brazil, India, Malaysia, Singapore, South Africa, and Thailand, all of whom have strong levels of population growth and economic development. Though, the demand for energy from OECD states such as Germany, the UK, the US, Czech Republic, Norway, and France, is expected to increase gradually with a surge in their respective Gross Domestic Products (GDPs).

Moreover, countries such as Indonesia, China, and Australia process shale gas and are involved in projects such as drilling, Coal Bed Methane (CBM), and Floating Liquefied Natural Gas (FLNG), thereby achieving momentum in offshore areas. A region that is unable to fulfill its increasing demand for energy, will have to rely heavily on imports to cater to their respective demand.

Imports of natural gas & crude oil are expected to surge, resulting in the rapid expansion of pipeline networks as well as the increase in the demand for pipeline and process services. These are certain factors that will help augment this target market in the years to come.

Restraints for the Global Pipeline & Process Services Market:

Oil consumption in Europe is predicted to continue to decrease as the region transitions from the use of conventional fossil fuels to renewable energy sources. As per studies by BP Outlook in 2019, renewable energy sources will account for 29% of the EU's total energy consumption by 2024. The main goal is to cut carbon emissions by 36% by 2040, as compared to 2017 indexed levels. This shift to renewable sources is expected to slow-down the rate of oil output, resulting in lower-than-expected drilling activities. As a result, the PPS market's expansion is expected to be limited.

The adoption of renewables in Europe, which has historically been a major energy consumer, will have a detrimental impact on oil & gas producers, which in turn, will have a negative influence on the global economy as a whole. These factors are expected to put a strain on this industry over the next decade.

Opportunities for the Global Pipeline & Process Services Market:

With the growing demand for oil, but restricted supply due to prolonged oil output cuts by the Organization of Petroleum Exporting Countries (OPEC), the oil & gas industry is constantly exploring solutions. In offshore areas, particularly in western offshore of Africa, major finds are now being made.

Moreover, the bulk of Exploration & Production (E&P) companies are attempting to turnover from this region's latest finds. For example, ExxonMobil bought a 30% share in a petroleum exploration license in the Walvis Basin, off the coast to Namibia. These latest discoveries are anticipated to bring financial prospects in the region, helping to decrease lowering carbon levels in power generation, and gas & oil imports.

These factors are also expected to result in an increase in investments towards this region by 2023. Hence, the increasing number of oil & gas deposits discovered across various locations is expected to provide attractive prospects for players in the pipeline and process services market.

Competitive Landscape –

Key players in this market are -

• Halliburton
• Baker Hughes Company
• EnerMech
• IKM Gruppen
• Enerpac Tool Group
• Altus Intervention
• BlueFin
• a GATE Energy company
• STEP Energy Services
• IPEC
• Trans Asia Pipeline
• Chenergy
• Techfem
• others

Key Developments –

• In September 2020, In the Southern North Sea, EnerMech was awarded a 12-month contract. The company will provide a variety of specialized services, including nitrogen, bolting, flange management, pipework removal, as well as asset purging. It will also assist with new pipeline installations, controlled bolting, and leak testing.

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