Market Size of Pipeline Services Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 3.90 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Pipeline Services Market Analysis
The market for pipeline services is expected to grow at a CAGR of more than 3.9% during the forecast period of 2020 - 2025. As of 2019, there were approximately 145,353 miles of pipelines planned and under-construction, of which 94,773 miles are in the engineering and design phase, while 50,580 are in various stages of construction. The natural gas pipeline network is expected to grow in parallel to the increase in natural gas demand, which in turn is expected to positively impact the global pipeline services market in the coming years. Therefore, increasing natural gas pipeline infrastructure is expected to drive the market over the forecast period. However, alternate modes of transport primarily via marine vessels is expected to hinder the market growth.
- Intelligent Pigging dominates the market with the technological advancements, which are helping in improving capabilities and benefits of the intelligent pigging, in turn, is driving the demand for these operations.
- The upcoming pipeline projects which are under construction and planning stage globally are expected to create tremendous market opportunities in years to come.
- North America is expected to dominate the market with majority of the demand coming from the countries such as the United States and Mexico.
