What is Pipeline and Process Services Market?
Pipeline and Process Services delivers pre-commissioning services for the oil and gas construction sector through detailed engineering, project management and the deployment of one of the largest air compression equipment fleets in the world. Pipeline and process services also offer maintenance, turnaround, and shutdown services to the midstream and upstream sectors of the oil and gas industry. The consumption of natural gas is increased in developed and developing economies due to clean and low emission properties of natural gas this is driving the pipeline and process services market.
The market study is being classified, by Application (Pre-commissioning and Commissioning, Maintenance and Decommissioning) and major geographies with country level break-up.
Halliburton (United States), Baker Hughes, a GE company (United States), Schlumberger Limited (United States), Hydratight Limited (United Kingdom), ALTUS INTERVENTION (Norway), ROSEN Group (Saudi Arabia), Tucker Energy Services (Trinidad), Saknafta (Egypt), Ideh Pouyan Energy (Iran) and Trans Asia Pipeline & Specialty Services (United Arab Emirates) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Techfem (Italy), Future Pipe Industries (Egypt) and EnerMech (Scotland).
The Manufacturers having a strong hold in the market are Halliburton, Baker Hughes, a GE company, Schlumberger Limited, and EnerMech. Research Analyst at AMA predicts that European and Middle East and Africa Manufacturers will contribute to the maximum growth of Global Pipeline and Process Services market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Pipeline and Process Services market by Type, Application and Region.
On the basis of geography, the market of Pipeline and Process Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Demand for Crude Oil & Natural Gas
- Increasing High Investments Lined Up for Pipeline Business
Market Trend
- Increasing Demand for Energy and the Discovery of new Gas and Oil Reserves Worldwide
Restraints
- Cross-Border Oil & Gas Pipeline Projects due to Technical and Political Instability Various Countries
Opportunities
- Increasing new Sources of Energy and Deployment of Advancement Drilling Technology
Key Target Audience
Pipeline and Process Services provider, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other