Market Size of Middle East Pipeline Maintenance Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 419.14 Million |
| Market Size (2029) | USD 528.86 Million |
| CAGR (2024 - 2029) | 4.76 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Middle East Pipeline Maintenance Market Analysis
The Middle East Pipeline Maintenance Market size is estimated at USD 419.14 million in 2024, and is expected to reach USD 528.86 million by 2029, growing at a CAGR of 4.76% during the forecast period (2024-2029).
The market was negatively impacted by COVID-19 in 2020. Presently the market has reached pre-pandemic levels.
- Over the medium term, aging pipeline infrastructure, increasing domestic natural gas demand, and the increase in oil and gas production caused by unconventional reserve development is expected to drive the growth of the market studied.
- On the other hand, the high volatility of crude oil prices is one of the major restraints for the market.
- Nevertheless, the rise in offshore exploration and production projects is expected to create an excellent opportunity for the market players in the forecast period. These projects are paving the way for the pipeline industry to grow more.
