Market Size of Mexico Pipeline Services Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | > 2.34 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Mexico Pipeline Services Market Analysis
The Mexico Pipeline Services Market is expected to register a CAGR of over 2.34% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. Presently the market has now reached pre-pandemic levels.
- Over the medium term, factors such as increasing natural gas imports from the United States through cross-border pipelines, aging midstream pipeline infrastructure, and plans to improve natural gas accessibility across the country, are expected to boost the demand for the Mexican pipeline services market during the forecast period.
- On the other hand, increasing crude oil theft from national oil and gas pipelines, disappointing results from the private oil and gas companies, and Pemex is the most indebted oil company across the world (over USD 100 billion in debt). This, in turn, hindered the growth of the pipeline services market in the country.
- Nevertheless, opening the upstream oil and gas market is expected to provide opportunities to sell technology and services to private companies or for joint ventures and partnerships between the United States companies and Pemex.
