Market Size of Canada Oil and Gas Pipeline Services Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | < 1.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Canada Oil & Gas Pipeline Services Market Analysis
The oil & gas pipeline services market in Canada is estimated to witness a CAGR of less than 1% during the forecast period 2020-2025. Oil and gas pipeline infrastructure between the United States and Canada is expected to continue running on full capacities, even though the major projects are expected to come online during the forecast period. Regular maintenance and servicing of the same become imperative for a profitable business, which consequently results in driving the demand for pipeline services. However, there has been a significant increase in the volume, complexity, and duplication of regulations imposed on the pipeline industry in Canada, during the last few years. The compounding effect of numerous regulations, along with other factors, is decreasing Canada's competitiveness worldwide. Multi-billion dollar projects, such as Energy East, Northern Gateway, and the Trans Mountain Expansion Project are just a few examples that demonstrate the challenges companies face when trying to adapt to new and changing regulations.
- The repair services are expected to the fastest-growing segment during the forecast period owing to aging pipelines in the country and increasing demand for energy.
- The upcoming oil and gas projects, such as Trans Mountain Expansion Project, TransCanada Keystone XL and Enbridge Line 3 Replacement Project (part of Enbridge Mainline) are expected to create tremendous market opportunities in years to come.
- Western Canada is the largest market mainly due to the presence of an extensive network of oil and gas pipeline across the region and beyond the borders to the US refineries.
