Pipeline Processing and Pipeline Services Market Forecast up to 2023
Pipelines is an important and affordablemedium to transport various kinds of products such as crude oil, petroleum products, refined petroleum products, natural gas, liquid petroleum gas, chemicals and water among othersfrom drilling and production sites to the storage terminals and end-users. Generally, these pipelines are buried under the ground at a depth of one to two metres. Pipelines are usually made from steel, plastic tubes or carbon steel. Diameter of these tubes vary from two inches to 60 inches. Pipelines have to be inspected, maintained, serviced, and protected periodically to prevent corrosion, abrasion, dents, cracks, and wax buildup.These maintenance and troubleshooting activities are termed as pipeline processing and pipeline services. Pipeline processing includes activities such as chemical cleaning, leak detection, controlled bolting, hot oil flushing, pipe freezing, foam inerting, hot tapping, and leak metering among others. Pipeline servicing includes activities such as pipeline cleaning, pipeline gauging,filling and flooding, dewatering, vaccum drying, testing services, and nitrogen purging among others.
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The market for pipeline processing and pipeline servicesis increasing steadily it was first started in the late 19th century. Pipelines are generally the most economical way to transport large quantities of oil, gas, chemicals and water over land. The total length of pipelines constructed for transportation across the globe is approximately 3,800,000kilometres as of 2014. Much more pipeline projects are in planning stage and under construction currently. The market for pipeline processing and pipeline services has matured and has been growing constantly due to increasing pipeline construction activities across the globe.
The global pipeline processing and pipeline servicesmarket can be segmented on the basis of processes, services, applications/deployment and geography. The pipeline processing includes chemical cleaning, leak detection, controlled bolting, hot oil flushing, pipe freezing, foam inerting, hot tapping, and leak metering among others. Pipeline services include pipeline cleaning, pipeline gauging,filling and flooding, dewatering, vaccum drying, testing services, and nitrogen purgingamong others. All these processes and services are carried out to clean pipes, remove slag, remove wax, detect cracks or corrosions and remove any other anomalies for efficient and optimal operations of pipelines over a long period. Pipeline processing and pipeline services are deployed for onshore as well as offshore pipelines.
North America including the U.S, Canada and Mexico have the highest share of pipeline processing and pipeline servicesmarket. The U.S alone accounts for more than 2,200,000 kilometres of pipelines for transportation. Hence, pipeline processing and services market in the U.S is very huge. Europe and Middle East including Russia, Ukraine, U.K, Netherlands, Germany and Saudi Arabia also have a huge market for pipeline processing and pipeline services.Asia Pacific holds a huge potential market for pipeline processing and pipeline servicesand has grown significantly in recent years. Countries such as Australia, China, India, Kazakhstan and Indonesia have given a huge boost to pipeline processing and pipeline servicesmarket. Latin America and Africa are also expected to have a decent market share in the coming decade.
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Some of the major drivers for pipeline processing and pipeline services market includes the increasing demand for energy and discovery of new oil & gas reserves across the globe.In recent years, oil & gas production has increased enormously worldwide. New energy sources and advanced drilling technology will further boost the demand for pipelines. Also, shifted focus on more productive wells will boost oil & gas production, which will increase the demand for pipelines. The demand for new oil & gas pipelines will continue to rise as well as expansion and maintenance of existing pipelines is also predicted. In recent times, many onshore oil & gas reserves have been discovered and utilized. This has given immense boost to demand for pipelines in intrastate and interstate infrastructure.Rise in construction of pipelines will directly bolster the pipeline processing and pipeline services market. Although, high initial investments and the falling prices of oil & gas across the globe may pose a threat to pipeline processing and pipeline services market. However, new natural gas and oil resources along with rise in consumption of oil & gas may prove beneficial to pipeline processing and pipeline services industry. All these factors predict a good growth trajectory for pipeline processing and pipeline services market during the forecast period.
Some of the key players in the pipeline processing and pipeline services market include Anabeeb Arabian Pipeline & Services Co. Ltd., Aramco Services Company, Baker Hughes Inc.,Clock Spring LP,Future Pipe Industries,Halliburton, ROSEN Saudi Arabia Co. Ltd., and SchlumbergerPipeline Services Ltd. among others.
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